What percentage does Chrono24 take?

How much does it cost to sell on Chrono24? Private sellers can list their watch for free on Chrono24. Once you sell your watch, we charge a modest 6.5% commission fee. As a result, you will make a higher profit selling on Chrono24 than you would if you went to a jeweler or auction house.

Is it good to sell on Chrono24?

Chrono24 facilitates the secure and professional sale of thousands of watches every month. Of those, over 2,500 are sold by private sellers. In fact, 90% of watches listed on Chrono24 end up selling. To ensure transactions run smoothly, Chrono24 offers secure payment processing and a free Escrow Service.

Is Chrono24 better than ebay?

Whilst Ebay is best for lower value watches and parts sales, Chrono24 attracts higher-priced buyers who are looking for the end product. From our experience, the Chrono24 team tend to be responsive and much better to deal with than Ebay who can be difficult to get any support from to say the least!

Do I pay sales tax on Chrono24?

This tax is added on top of the price listed. We do not charge sales tax for customers residing in other states. We always provide free overnight shipping to the US.

How does payment work on Chrono24?

Chrono24 provides Escrow Service for free. Payment is transferred and kept safe in Chrono24's escrow account until you have your watch in your hands. We keep your payment safe in our escrow account for up to 7 days after the day of delivery of your watch and we release your payment to the private seller.

9 Things You SHOULD know before buying on Chrono24

What does Chrono24 charge sellers?

Once you sell your watch, we charge a modest 6.5% commission fee. As a result, you will make a higher profit selling on Chrono24 than you would if you went to a jeweler or auction house. When is the commission fee due? The 6.5% commission fee is only due after you've completed a sale on Chrono24.

Is Chrono24 GREY market?

Chrono24 alone has dozens of employees dedicated to monitoring dealers and assisting buyers. Gray market purchases can be as safe as buying in a boutique. Let's look at some of the specific tools Chrono24 uses to ensure a smooth purchase experience. The first is our dealer registration department.

How do I ship Chrono24?

Do I have to pay tax on a watch I sell?

The tax rate is exactly the same as whatever income tax rate you file at. If you owned the jewelry you sell for more than a year, you pay a long-term capital gains tax. The tax rate will be 0, 15 or 20 percent depending on your filing status and taxable income.

Can you pay with credit card on Chrono24?

You can pay with all major credit cards, PayPal, Sofort, iDeal and bank transfer. You get the best price for a vintage watch, but please feel free to make an offer on a vtg watch.

Are there fake watches on Chrono24?

Does Chrono24 sell fake watches? No, Chrono24 themselves do not sell fake watches. However, sellers that are active on their platform might be selling fakes. Individual watches are not authenticated by hand by an experienced watchmaker, so there is a risk that you purchase a fake watch from the platform.

How do I find out how much my Chrono24 sold for?

Use the Watch Scanner in the Chrono24 app. It can recognize 15,000 watches and tell you their current market value with a single photo. Why is it so important to have the right sales price? Buyers are much more likely to purchase a watch with a realistic sales price.

Where should I sell my watch?

If you want to make as much money as you can, setting up a listing on the most suitable enthusiast forum, like Rolex Forums, Omega Forums or WatchUSeek, or simply selling on a watch classified site like Chrono24 is the way to go.

How many watches are sold on Chrono24?

On Chrono24, more than 25,000 professional dealers and private sellers from over 120 countries offer more than 500,000 watches. With content in 22 languages, our website attracts more than 500,000 visitors every day.

Where is Chrono24 located?

Chrono24Around the World

Our headquarters in and on the Hoepfner Castle are located in the heart of Karlsruhe, the bastion of innovative IT solutions in Germany. This is where we are writing our own success story.

What is GREY Market watch dealer?

Gray Market watches are authentic products that are sold through an unauthorized source. Watches purchased from a gray market source will not include a factory warranty and resale values will be lower than a watch purchased from an authorized retailer.

How much can you sell without paying taxes?

Effective next year, sellers on certain online platforms like Etsy and eBay will receive a 1099-K if their sales are at least $600, down from the current threshold of $20,000 with a minimum of 200 transactions. Not all online sales are taxable, whether you receive tax form or not.

How much can you sell on eBay before paying taxes 2021?

Your sales on online marketplaces like eBay are considered reportable income once they are over a certain amount. Because eBay processes payments for these sales, IRS regulations require us to issue a 1099-K for US sellers who sell $20,000 or more in 2021 and $600 or more in 2022.

Is Chrono24 an authorized dealer?

We are Authorized Dealers for Hublot, Franck Muller, Ulysse Nardin, Bell & Ross, Tag Heuer, Baume & Mercier, Montblanc, Perrelet, Zenith, Michele, Frederique Constant, Corum, Carl F.

How can I send an expensive watch?

Who is the biggest watch dealer in the world?

The Bucherer store in Paris is the world's largest watch and jewelry store.

Why are gray market watches so cheap?

With sales falling at authorized dealers, more unsold timepieces are finding their way from the Swiss-dominated watch industry's controlled official retail networks to grey market watch dealers, where they are often sold at significant discounts.