FastTech Only Selling Items Which Are In Inventory Now

[Kilz]

I hope they refunded people as well. But what FT did over the last month doesnt leave me with much hope they did. The staff pretty much vanished the last two weeks, only posting that fasttech's journey had come to an end.
I also question the wisdom of leaving money in gift certificates on sites in another country. The gift certificates were really pushed as a way around paypal restrictions. I used them for that. I bought them and then used them right away. There may have been a penny or two left on them depending on how the extra 3% you got was figured out, but nothing more. In todays world pennies buy you nothing so not a big loss.

Still to me its the end of an era for vaping. The era of cheap vape products in the mail. I have been vaping a long time and now have a decent amount of gear. Im just glad this day didnt happen a few years ago. I was able to stock up each month knowing things were not looking good in the US where I am at.

 

[tp72]

I hope that they have refunded the amounts that many people had left in gift cards.
I think I read that there were quite a few of them in the FT forum.

No they did not and no reply to my emails

 

[RadiusNick]

the site is down.
i have some small change from an excess of a gift certificate;
i opened a ticket while it was still possible,
and now just opened a case with Paypal since i got no reply from them.

i'm glad i received last week my latest order from them,since they disappeared so quickly without decently making sure to leave not loose ends.

 

[Tor R]

No they did not and no reply to my emails

Did they close the support & contact mail system too?

 

[tp72]

Did they close the support & contact mail system too?

I sent them and email and opened a ticket over a week ago and no response from them. I have always heard back with in 24 hours but not this time.

 

[FlamingoTutu]

Truly an end to an era. They sold a lot more than just ecigs though so I wonder why they shut the whole thing down.

 

[Kilz]

Vaping products were likely a huge part of FT sales. A 47% added tax and restrictions to where vaping products could be sent were likely the biggest blow. The law restricts what can be shipped based on the laws of the country the buyer is in. That would take out selling to the USA, a huge market.
Whats puzzling is that other vape focused sites in china are still in business. Im sure if they tried they would still be there. It might have required some changes, sadly nothing was tried.

 

[Nailz]

Whats puzzling is that other vape focused sites in china are still in business.

They are using 'Bonded Warehouse', not sure why fasttech didn't go this route as well.

 

[FlamingoTutu]

Vaping products were likely a huge part of FT sales. A 47% added tax and restrictions to where vaping products could be sent were likely the biggest blow. The law restricts what can be shipped based on the laws of the country the buyer is in. That would take out selling to the USA, a huge market.
Whats puzzling is that other vape focused sites in china are still in business. Im sure if they tried they would still be there. It might have required some changes, sadly nothing was tried.

Thanks, that pretty much straightens out my confusion.

 

[Tor R]

They are using 'Bonded Warehouse', not sure why fasttech didn't go this route as well.

What I think, they didn't have the finances to outsource vape gadgets. It is not done in one two three.
And, if you look a bit market-wise, there are many who are at the start or have already introduced taxes and duties on what goes under nicotine and juice.

So that's my two cents why they chose to close permanently.

 

[Technonut]

According to this article, the days may well be numbered for the other Chinese retailers:

Fasttech Is Dead The End Of Cheap Vape Gear

FASTTECH has confirmed it will no longer be selling vape products. Is the end for cheap vaping supplies?

vapebeat.com

We reached out to well known Chinese based retailers and the outlook was grim, with most of them seeing no positive outcome. “I’m on the lookout for a new job, things are looking bad and we’re losing suppliers left and right. The Government will not listen and this is will get worse from here” said the sales manager of another large online retailer on condition of anonymity

If you don’t know how to use a rebuildable or DIY your flavour, now is the time to learn.................

 

[Tor R]

It does not come as a surprise to me, the Chinese leadership does not tend to do anything half way.
Just look at how they have dealt with covid, a couple of cases of infection and shutdown of cities.
Think about those sums, those who think the vape industry matters to China, forget it, it's peanuts

 

[Kilz]

I hope that people in another asian country see an opportunity and open up sites to fill the vacuum.

If you don’t know how to use a rebuildable or DIY your flavour, now is the time to learn.................

I started vaping when the choice was a rebuildable or a ego tank. RTA's won and now its second nature. More important is to get a rebuildable now while you can if you dont have one. The vape mail ban in the US pushed me into diy juice. I took some of the $600 stimulus money we got in the same bill and bought close to a gallon of 100ml nicotine base. Its now in boston bottles with good caps in my freezer. I now wonder why it took me so long to start making juice. Its easy and there are a lot of resources to help you if you look for them.

 

[Tor R]

I hope that people in another asian country see an opportunity and open up sites to fill the vacuum.

It doesn't happen, there are quite a few Asian countries where vape products have been illegal all along.

And as far as I know, China has never outsourced anything, manufactured in China, stored in China, and shipped from China.

It is us in Europe or US who have traditions for outsourcing industry.

 

[T0mmy1977]

FastTech website is down. I wonder if it is for good.

 

[DPLongo22]

Sadly amazing.

Nannies everywhere are smiling somewhere today.

 

[Kilz]

I wonder if it is for good.

More than likely, at least till the domain is avilable again. Someone buys it thinking they can sell it for a profit. Then park one of those link pages on it.

 

[Katdarling]

So while I don't really NEED anything per say, I will definitely miss having them around for late night browsing, or the times that I might want some different colored o-rings for my SubTank Mini lol.

Post of the day, at least MY day!