Frequently Asked Questions
How do fees work on MyHoodExchange?
Joining and starting a shop on MyHoodExchange is free. It also costs no money to publish a listing to the marketplace. A listing lasts for four months or until the item is sold.
Once an item sells, there is a 2.9% + $.50 per transaction fee, and a 5.1% processing fee.
What do I need to do to create a shop?
It’s easy to set up a shop on MyHoodExchange. Create a MyHoodExchange vendor account (if you don’t already have one), choose a shop name, create a listing, connect your deposit account (how you want to be paid), and finally add your store banner and thumbnail.
In what areas does My Hood Exchange operate?
My Hood Exchange currently operates in the following zip codes:
70125, 70119, 70118, 70117, 70112, 70115, 70116, 70113, 70130, 70445, 70433, 70448, 70471, 70447, 70437, 70458, 70460
We currently do not pickup or deliver to zip codes not listed above. If you’re zip code is not listed please contact us.
How do I get paid?
Money from your sales on MyHoodExchange are deposited directly into your bank account within 2 days. To receive your money, just link your bank account securely using Stripe Connect.
Do I need a credit or debit card to create a shop?
No, a credit or debit card is not required to create a shop. To be verified as a vendor, you must connect your bank account and provide a little background info on you and your business.
What can I sell on MyHoodExchange?
MyHoodExchange provides a marketplace for entrepreneurs, manufacturers, mom and pop shops, crafters, artists and collectors of both handmade and non-handmade goods.