Maclear Secondary Market : How It Works
- Written by
- Just P2P
- •
- Updated June 4, 2026
Maclear‘s Secondary Market lets investors resell their claims before maturity and buy claims in projects that are already funded, sometimes with a discount. This article explains how it works, its fees, the impact on returns, and the effects on the loyalty program.
Table des matières
What is the secondary market ?
Maclear is an investment platform that allows investors to take positions in business loan financing, with durations between 9 and 14 months. These durations, considered somewhat long, led the platform to develop a secondary market as early as May 2024, in order to offer investors an early-exit solution.
It is a marketplace where Maclear investors can buy and/or resell claims before maturity, in projects that have already been funded and were initially listed on the primary market. It allows some to access a wider selection of investments, and others to recover part of their liquidity.
Such a secondary market remains relatively rare among business crowdlending platforms. The majority of Maclear’s competitors, such as Debitum Investments, do not (yet) offer one. This marketplace is therefore a notable feature, offering investors more opportunities and more control over their exit.
Secondary market fees
Maclear applies transaction fees, but only to sellers. Indeed, the sale of claims comes with a 2.5% fee, deducted directly from the selling price. But these fees are only due if the transaction is completed: if the investment does not find a buyer within 14 days, the offer is removed and no fee is charged.
In general, very few platforms charge fees on their secondary market. Robocash and Swaper charge none, while Mintos charges a 0.85% fee, but to the buyer. And although PeerBerry charges no fees, its secondary market remains illiquid due to transaction restrictions.
These fees limit the liquidity of Maclear’s secondary market, but it should be noted that they help fund one of its investor protection mechanisms. Indeed, the commissions collected feed directly into its provision fund, which is also supplied by a 2% fee charged on each funded project.
How to use Maclear secondary market
Selling on the secondary market
To sell on the secondary market, the investor simply goes to the “My Investments” menu and selects the investment to sell. A window opens where the investor sets the selling price, with a possible discount on the original price of 0% to 50% (no premium can be charged).
Maclear automatically calculates the selling fee, which is 2.5% of the asking price, and shows the investor the net amount he will receive. Then the investor agrees to the General Terms and clicks the “Sell” button. The investment is then listed on the secondary market.
The offer can be canceled at any time as long as the investment has not yet been bought: go to the “Secondary Market” section, select the investment to cancel, and click “Yes.” Additionally, if the investment is not bought within 14 days, the offer is automatically removed from the secondary market.
Buying on the secondary market
On the buyer side, investors can filter and sort the offers. They can show only loans with a discount, and sort or filter by country, project type, remaining duration, or discount level. In practice, observed discounts range from 2% to 7.5% (well below the 50% cap).
Impact on returns
When a transaction takes place on the secondary market, interest is split pro-rata based on the number of days each party held the claim. The seller therefore receives the interest corresponding to their holding period before the sale, and the buyer the interest for the holding period after the purchase. Once the sale is completed, the seller has no further rights to the claim.
In addition, if the purchase is made with a discount, this mechanically improves the buyer’s return. Example with Crypton : a 500 € investment earns 66.67 € over 10 months, which is an annualized return of 16%. With a 7% discount (465 € instead of 500 €), the gain rises to 101.67 €, bringing the annualized return to 26.2%.
Trading rules
- Every claim bought on the secondary market is subject to the same conditions as on the primary market (rate, duration, guarantees).
- A claim acquired on the primary market can be resold immediately after funding.
- The sale always covers the entire position: partial sale is not possible.
- A claim bought on the secondary market cannot be resold for 30 days.
Market liquidity
A secondary market is only useful if sellers can resell within reasonable timeframes and buyers can find offers that complement the primary market. It is therefore important that investors keep in mind that a secondary market is a feature, not a bank account.
On Maclear’s Secondary Market, there is thus no guarantee that a claim put up for sale will find a buyer. The market’s liquidity depends largely on the interest of other investors. It is therefore preferable to commit only capital that will not be needed before the loan matures, as any urgent exit may require a significant discount to find a buyer.
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Effect on loyalty status
Amounts bought and sold on the secondary market are counted toward the loyalty level at their nominal price. A claim purchase, even with a discount, can help reach the minimum amount required to access the next loyalty tier. Conversely, a sale can push the investor down to the lower tier.
It should be added that the loyalty bonus rate (between +1.5% and +3%) applies to investments on both the primary and the secondary market. For an investor who has invested 12,000 € (Beta level, +1.5%), a 3,000 € purchase on the secondary market will give access to the Beta plus level (+2%).
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About the Author
Silvère is an economist and IT engineer with numerous years of experience in business management, FinTech investment and digital marketing. He invests mainly in crowdlending especially P2P lending, P2B lending, and real estate crowdfunding.
Article sources
1. Secondary Market Release
2. What Is the Secondary Market
3. Using the Secondary Market
4. How Returns Are Divided
5. Secondary Market Obligations
6. Secondary Market Fees
7. Secondary Market Liquidity
8. How AROI Is Calculated
9. The Discount Field
10. Canceling a Bid
11. Loyalty Tier Changes
12. Loyalty Bonus on Purchases