Poshmark, based in California, began in 2011. Posh Parties revolve around themes, like certain styles or accessories, and you can see new sellers and items that way. While it is still new and people may run into hiccups, the most positive part of the new Depop payments is the lesser fees. It can also handle contactless pay, a feature PayPal lacks. Or maybe youre looking for styles that are 100% you? Depop is all about community - its the buyers and sellers who use Depop who make it such a great place. You can do so on the app, or depop.com. That is why, before you venture into something, it is crucial to know the process of vending, what could cause problems, and how you could solve them. Poshmark vs Mercari: Which is best for Sellers. Depop Payments lets buyers use Apple Pay, Google Pay, credit and debit cards, as well as Paypal to shop on Depop. Press question mark to learn the rest of the keyboard shortcuts. Depop doesnt promote items as Poshmark does. If the buyer chooses to pay with Depop payments instead, the fees will be 2.9% + $0.30. Ive sold on both and also browse the two to buy stuff so I can show you the ins and outs of what works. Depop has now made a move to their own payment processing sytem powered by Stripe Connect. PayPal also sometimes withholds your funds if you havent made a sale in a while. Its more like a social media platform, where buyers see things because they liked them or if they follow you. All zippers fully functional. Scan this QR code to download the app now. There are no surprises when youre getting paid out. Tap Buy, then the shopping bag icon in the top right corner. Some sellers offer discounted shipping if you order more than one item from their shop. But you'll only be charged for the items that get sold on Depop. If youre selling an item on Poshmark for more than $15, the company takes a 20% commission fee. You made the transaction outside of the platform. You will then be able to confirm it on the next page, enter your name, and then select Activate Depop Balance to complete the set up. NO PAYPAL. It doesn't appear in any feeds, and anyone with a direct link to it will see a message like this one. No action needed well take care of the rest. When you want to cash out, Depop pays through your PayPal account or Stripe. If you sell it for $15 or more, then Poshmark takes 20% commission. I'm not sure if that's still applicable or if paypal was just weird and would allow that. Both are straightforward and simple to do. Use natural lighting to avoid over-exposur or soft light boxes to find the perfect level of lighting. Depop doesnt have an option for people to make offers on your items. Depop fees are pretty straight forward you pay 10% of the sale price (not including shipping) for domestic sales and then you have the PayPal fee which is 2.9% + .30. Designer. When you buy online, youre supporting people instead of companies with poor working conditions. Overall, I cant say theres a set pro or con with this feature on Poshmark. and you should because it increases your options. Rather than shipping with Depop, choose to ship the item yourself and buy discounted postage. To copy one of your existing listings, tap the copy icon at the top right of the listing screen and select the listing you want to copy. Believe it or not, theres also a difference when youre buying on each site. First, it qualifies you to Depop seller protection. Poshmark has customer protections in place that make it a trustworthy company but can be frustrating if you need cash now. After you make money selling items on Poshmark, you can keep the money in the app and use it to shop for yourself. I sold an item and then got an email from depop to say my PayPal wasn't verified, I've followed the links and updated my card etc but haven't received confirmation that it's now verified. PayPal has merchant fees that you'll incur, further cutting into your profits. Or, message the seller of the item youre eyeing if you have any questions. Depop fees: No listing fee, 10% seller fee to Depop, PayPal transaction fee of 2.9% + $0.30. EVERYTHING YOU NEED TO KNOW ABOUT DEPOP AND PAYPAL FEES || WHAT IS DEPOP LIMITED 31,331 views Oct 9, 2020 989 Dislike Share Save Stephanie Vargas 4.11K subscribers Hey my sweets!! Its growth shows now signs of slowing and has been accelerated even more since its aquisition by the marketplace etsy. It's a new feature which is required for selling now, but you can put a disclaimer that you prefer PayPal in your listings/bio. Only you should NEVER send an item before the funds are showing in your paypal account balance. In other words: the easier it is for people to pay you, the more likely it is that youll get paid. One of the easiest ways to save on costs is by saving on your shipping cost. Buying and selling clothes online reduces the amount of clothing going into landfills. If you can, try to settle the issue with the buyer first to prevent an issue from being raised with PayPal. Sure, Depop pays out immediately, but they take additional fees so youre not getting as much. What is that? Lets compare the two fees based on the sales price. Depop is the fashion marketplace app where the next generation comes to discover unique items. 3. Depop payment: Get paid via PayPal or through Stripe using Depop Payments. To get covered by the Seller Protection, you must: When you receive a dispute, it is important to identify whether the transaction was paid using Depop payment or PayPal, as your steps in resolving them would vary. Suppose both parties did not arrive at a resolution. Apple pay for example is just 2 button clicks and a face ID away from a purchase, compared to entering multiple login details and card details. Poshmark sells contemporary, name-brand clothes at good deals. Whatever your style. Tap Continue to review the details, then click on Confirm refund. Its free to list your items in your shop and youll only be charged once an item is sold. The introduction of depop payments is not surprising as a large marketplace cannot rely on an external payment service like paypal forever, many popular marketplaces handle their own payment processing or are at least more involved in the process. Super fkn cute Japanese gyaru brand D.I.A low rise pleated black miniskirt with the coolest gold chain and zipper details. Find it on Depop. Of course, the more satisfied your buyer is, and the better experience they get from your shop means more returning buyers in the future. - Ship With Depop: Ship through Depop with USPS (mainland USA only). Let us know in the comments if you have tried Depop or any other platforms as well as Poshmark! It seems like buyers prefer to haggle more on Poshmark. Your honesty as a seller can make a huge impact on your business. The chains have DIA charms on them Price is high and FIRM as I don't mind keeping might take down later Marked a size M but see . 2. Depop is a global marketplace, and we want to be the worlds most progressive and diverse home for fashion. - Youll need a phone number and an email address - its important that you enter a real email address, because this is how well send you notifications and other communications. It will take longer for your money to reach your bank account with depop payments. To get your payments released sooner, use trackable delivery with any of our approved delivery companies and enter the tracking details on your Activities page. For more information on shipping, check out our shipping guide. But if you cannot establish a resolution between you and the buyer, you will have to resolve the issue by directly dealing with PayPal and providing them with proof to help your case. If you sell something less than $15 on Poshmark, they take a $2.95 fee. Avoid disputes on your items and get your Depop account in trouble. You can source stock to sell on Depop from a lot of different places. We will exclude shipping costs since that is variable based on the item youre shipping. List Perfectly is a trademark of ListPerfectly, Inc. Vendoo is a trademark of Vendoo, Inc. Poshmark is a trademark of Poshmark, Inc. Mercari is a trademark of Mercari, Inc. Tradesy is a trademark of Tradesy, Inc. Depop is a trademark of Depop Ltd. Etsy is a trademark of Etsy, Inc. Kidizen is a trademark of Kidizen, Inc. Grailed is a trademark of Grailed, Inc. Here is the Depop fee breakdown: DEPOP FEE BREAKDOWN The Depop fees are 10% + Paypal fees Paypal fees are 2.9% + $0.30 per transaction (US) The 10% fee is not a listing fee nor a subscription fee from Depop. If you find a seller youre interested in, click the Follow button and theyll show up on your Feed tab, so you dont miss new items as they list them. Find out more about Depop Payments byheading over to our Help Centre. A certain percentage of the selling price might come off, and some outlets charge a listing fee before the item even goes live and has a chance to sell. Theres an app for that and if youve set up your Depop account, youre already on it. While some use stock photos, it is always a good practice to use yours. Sellers list unique clothes, usually vintage but still trendy. Do you know where to find money that is pending before being put into your account? What does it mean to be invited to host a Poshmark partyBasically, it means that your closet is getting noticed, you have your stuff together, and you are on your, Read More How To Host a Poshmark Party: A Step-By-Step GuideContinue, A couple of months ago we ran a survey and we have already rolled out some changes (new subscriptions and billing system firstly!) The item is significantly not as described (Incorrect sizes, colors, counterfeit, has severe damage, significant wear or flaws, incorrect item/s, missing items in bundles). We will also assume that it is individual listings, rather than bundles. It can be frustrating to check your messages and get excited about an offer on an item, only to see the customer wants it for an incredibly low price! Depop payments takes about 2 working days to process your payment before it is sent to your bank account. All you have to do is create a draft once, and you can effortlessly cross-list to any platform that our team has integrated. This applies more so if they do not already have a paypal account. They allow users to shop through their website or mobile app. Thats a huge community, so if youre looking for the perfect item, you have a great chance of finding it. Signed up already? This way, if the refund gets delayed, it can be processed for them as long as they can provide proof of return. Both sites charge more for shipping internationally, but domestic purchases usually have a flat shipping rate. Youll benefit from taking better pictures, having a title that shares a lot of information, and a competitive listing price. You can learn more about how Depop fees work in our help centre article. Trainers. Even though Depop doesn't have a listing fee, they do charge a transaction fee of 10% which is twice as much as what Etsy is charging. Remember to hit the Like button on any items you love, too - not only will this bookmark them in your likes, itll also help the app learn more about what kind of items youre interested in seeing. You normally have to log in to your PayPal, transfer the money, and then wait a few days for the funds from PayPal to hit your bank. Whatever your style. Many customers might make a cheap offer just to see what they can get. While it is still new and people may run into hiccups, the most positive part of the new Depop payments is the lesser fees. They don't actually sell anything on their own; rather, they act as a middleman between Depop sellers and customers, enabling people to set the retail price of their goods and locate potential customers, all while providing a reliable and secure platform that lowers the risk of being duped or overcharged for . If you love shopping at thrift stores, youll love browsing Poshmark and Depop online. Buying on Depop is not complicated. But they might integrate the price of shipping into the item itself. Each PayPal transaction currently costs 3.49% + $0.49. For example, I remember being able to use the pending deposit from a sale on Paypal towards paying for the shipping label. I think I have done all the steps to verify it but I haven't had anything to confirm this. You don't have to worry about getting paid after shipping the item or ensuring it's delivered. You also want to consider each sites selling fees. But online platforms like Poshmark and Depop arent selling items themselves. Thank you so much for watching! But there are still some benefits to choosing one platform over the other. Sneakers. Review the information and click Issue Refund. Were introducing Depop Payments a new payment method powered by Stripe Connect to make it easier to buy and sell on Depop. Lets face it most online shopping isnt always the most deliberate/thought through process, so any uneccessary friction will result in buyers leaving. Your sales will now be deposited in your bank account rather than you having to go through paypal. Therefore, taking commission is how these companies make money. You can save money on the clothes and even with shipping costs. Always ensure that your item is authentic before claiming that it is. Learning about both Poshmark and Depop will help you understand each site. If you're smart about how you ship things, then you'll make more money selling on Depop because of the lower fee. Depop A major plus for Depop payments is that you get the money as soon as your item sells. The price of an item is another factor that dramatically affects your potential buyer's purchase decision. If you were hoping for a large reduction in fees as a result we are sorry to dissapoint you! You can submit items to Posh Parties, but its also great when people like or comment on your items. Items like health and wellness products, home goods, or collectors items arent listed on Poshmarkits for fashion only. I miss those simple PayPal instant payments I cant trust Depop withholding money for an uncertain amount of time. 26 days ago. Streetwear. So what do you need to know as a buyer and seller on Depop? I've seen many accounts saying they don't accept paypal payments anymore, and I'm not sure if that's related to this or not. The fashion industry produces a lot of clothing waste every year. 3. This content may be old or outdated. Theres no harm in listing the same items on both sites. There are different marketplaces on the internet nowadays. I have already shipped the item to the buyer but haven't had any money through. This is a place to explore unique fashion and be part of a community-driven zeitgeist thats shaping culture for the better. As a seller, fees can really dig into whats left for you. #StephanieVargas #depopfeesAlso dont forget to follow me on INSTAGRAM: @vargassssss_https://www.instagram.com/vargassssss_/ TKTOK: vargassssss_ https://www.tiktok.com/@vargassssss_?PINTEREST:https://www.pinterest.com/Vargasss_/DEPOP: https://depop.com/peasantthreads Follow David : https://www.instagram.com/venua__/************************************************************Intro Song Music Credit: Artificial.MusicTrack Name: \"And So It Begins\"Music By: Artificial Music @ https://soundcloud.com/artificial-music YT Channel HERE: https://www.youtube.com/user/SmartToa upload HERE - https://soundcloud.com/artificial-mus for commercial use: Creative Commons Attribution 3.0 Unported (CC BY 3.0) License.Full License HERE - https://creativecommons.org/licenses/ promoted by NCM https://goo.gl/fh3rEJ The standard depop fee remains the same at 10% and they will charge processing/transaction fees, thats it. - 30M+ registered users in over 150 countries, - 32M+ items are available for sale on Depop, - $1 Billion made by the Depop community to date. Poshmark has a set shipping fee of $7.45. But don't worry, How To Pack & Ship An Xbox (With Pictures). - Next youll choose your username and a strong password, to keep your account safe. My depop payments is also suspended in limbo for the past week or so. Depop, based in London, began in 2011. Read Next: How to Ship on Your Own on Depop, Yes, USPS Regional Boxes Are Discontinued. For example, I remember being able to use the pending deposit from a sale on Paypal towards paying for the shipping label. Join. Enter your routing (nine numbers) and checking number to complete. Depop Fees . Its a new feature which is required for selling now, but you can put a disclaimer that you prefer PayPal in your listings/bio. If youre going to shop a lot on either app, its worth saving some filters so youll only see items that fit you. All zippers fully functional. When it comes to commission taken, Poshmark is the winner. Depop, on the other hand, takes 10% on everything sold. But not many people make the effort to DM; they just want to browse and buy with little interaction, which is the whole point of the platform! Many poshers out there are clamoring for such an invitation. 98. r/Depop. Its not a bad way to do it, because you wont get notices about offers; the potential customer has to interact with you. Theyre only providing an outlet for individuals to use. Heres our easy guide to the ins and outs of selling on Depop. Founded on the tenets of social commerce, Depop is a P2P eCommerce platform. i loved depop payments until a couple of weeks ago when i noticed my balance was far lower than it should be, and when i talked to some other sellers they'd had the same issue!! If the item was sold and paid using Depop Payments, you could settle any issues with your transaction through Depop. For American sellers, they take an additional 2.9% fee plus $0.30. To access the items youve liked or saved, go to Profile > Likes or Profile > Saved. Depop shipping: Arrange your own, and set your own shipping rate, or Ship With Depop for a prepaid USPS shipping label between $3.50 and $14. Make sure you stay on top of your inventory and take down the sold listing from the other platform. As a buyer using Depop, you can find items to purchase by browsing the app or searching for specific products or styles. Then, youll be able to plan ahead and come up with a fair price for every item you list in your closet. Check out our Depop payments blog for further details. Note: Be aware that any sale of confirmed counterfeit items, PayPal and Depop may not be able to arrange or facilitate a return. A major plus for Depop payments is that you get the money as soon as your item sells. Think of it like browsing a thrift store from the comfort of your own home. Selling your clothes and shoes online is easy, like using an online consignment store. Find it on Depop. Maybe youve got some questions about how selling works for Depop users. You must mention essential details such as: Your item photos are vital when listing as it gives your potential buyer a visual experience. Items belonging to your friends and family - again, items can be gently used or like new to make cash and create space in their wardrobes. Sell your old clothes and replace them with new-to-you, secondhand finds. But you can do some math on the front end and decide which site in the battle of Depop vs Poshmark will help you make more money. This charge will be taken directly from your PayPal account or the card you are using for payments before the remainder of . Found an item you like? Also read: Poshmark vs Mercari: Which is best for Sellers? I am dealing with the same thing $116 stuck in my Depop Balance with no estimated payout date. Some sellers will offer international shipping and some wont - buyers can message them to ask for more info. Each PayPal transaction currently costs 3.49% + $0.49. A good description outline of your item is what sets a buyer's expectations, and it matters that they get what they expected when they placed their order. Buying and selling all happens within the app - buyers can message sellers before making a purchase, but it isnt necessary to do this to make a sale. yea i prefer PayPal because depop payments still hasn't paid out to my credit card & i made my first sale january 8th . Each site takes a different commission and has ways of promoting your items. Commission usually includes a percentage of the shipping charge and transaction fee. Depop Payments lets buyers use Apple Pay, Google Pay, credit and debit cards, as well as Paypal to shop on Depop. On this blog, we will share some tips on how you can avoid disputes in your Depop listing, which may result in buyer return requests, and how you can also process a refund for them. You should do this within the allocated time frame to show that you are an honest and responsible seller. I also like to use filters so I see only what items will fit me. You have a general idea about how much you can actually make per sale, based on the Poshmark vs Depop commissions. You can use Apple Pay, Google Pay, Paypal, credit and debit cards. Its flat-out fun to browse on this app, and youll most likely find at least one item you cant live without. Here youll find a curated selection of items we think youll love. It started as a social network, like an innovative magazine. link to Yes, USPS Regional Boxes Are Discontinued, link to How To Pack & Ship An Xbox (With Pictures). Promptly answer Depop's emails in the given timeframe. While the framework of both sites is similar, you may wonder which is better in terms of Depop vs Poshmark. If you choose to cash out, the money transfers to your linked bank account with no additional fees incurred. Payment Depot credit card processing works for mobile, terminal, ecommerce, and POS transactions. Your payout will then be sent to your linked bank account 10 working days after the sale date. However, unlike Poshmark, Depop charges you additional fees. Sorry, this post was deleted by the person who originally posted it. Or view our blog on making money at Depop for broader tips and information. But what about getting your hands on the money youve earned? They have finally rolled out Depop payments to give buyers more options while allowing sellers to have the money in their bank account rather than having to transfer their funds from PayPal. https://www.paypal.com/uk/smarthelp/article/how-do-i-verify-my-paypal-account-faq444?app=searchAutoC 1999-2023 PayPal, Inc. All rights reserved. Ship your item using tracked postage that can show confirmation of delivery to the buyers' address. Create an account to follow your favorite communities and start taking part in conversations. You might see a 2-3 day difference in processing times depending on your bank. You can follow sellers on Poshmark to ensure they show up in your feed, but Ive found that its easier to select a category and browse that way. Waist flat 13 can stretch to 15 All you have to do is sign up here, and we will text you the link to the app. Whether you started selling recently or a long time ago, the, Read More Best Poshmark Pricing and Selling Fees GuideContinue, Over $10,000 in prizes available! Now that you have equipped yourself with the tips on avoiding receiving return requests and processing a refund for your buyers, you can now focus on growing your business and boosting your sales. Join our list at the bottom of this page!) Depop is like that hip thrift store in your city. If youre specifically looking for vintage, you might have better luck on Depop. Its easy to list items on both Poshmark and Depop. You can like items, comment on listing, and follow certain sellers so you see more of them. a 10% Once an item sells, Depop will automatically charge a 10% fee on the sale price (including the shipping costs). Rag houses, outdoor markets, vintage shops, car boot/garage sales, charity and thrift stores are great sources of stock for your Depop shop. Many Depop sellers do this to reach more audiences, making their chances of coming across the right buyer for their item higher. It pays to know that you should ensure that you and your buyer can keep track of the status so they would know when to expect their order or if there will be a delay in the delivery. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. If you want to keep them for later on, you can like or save them. All UK sellers will need to sign up by 8th December 2021 to continue listing. There are so many sites available, but they all have their pros and cons. To help you seamlessly and conveniently cross-list across other platforms like Poshmark and Mercari, automation bots are created, and one of them is OneShop. Connect your Depop account to the Paypal account you will be using. Consider this as your official one-stop guide for everything you need to know about what Depop is all about and how the Depop businessworks. Youll also love the chance to make some money from selling items you dont want anymore, instead of letting them end up in a landfill. What you should care about as a depop seller is if depop payments will increase your sales! This will ensure that you can always refund buyers when necessary. Privacy Policy. Before posting and pricing your items, you must also consider other Depop selling fees and PayPal transaction costs. By browsing this website, you consent to the use of cookies. Youre set. I decide to make this video in hopes that it will clear up some questions for you. I haven't sold on Depop in a bit so I wanted to ask with all the new updates if you're able to use the money from a sale to pay for the shipping label. Depop is a marketplace that is growing very fast since it was founded. To do this, it is your responsibility to ensure that they don't encounter any issues with the item they ordered from you. This app is especially popular in countries like Australia, New Zealand, the United Kingdom, and of course, the United States. After this, Depop will mediate a resolution between yourself and the buyer. Slightly stretchy too! Depop will then conduct an evaluation to see whether your item is significantly not as described. Preloved. You can set filters to certain sizes, categories, conditions, colors, brands, and, of course, prices. Depop payments is required for eligible sellers however you can still use paypal! This is a place where anyone should feel safe to show up as their full selves and feel good about the style choices they make. Lets go over it. I miss those simple PayPal instant payments I can't trust Depop withholding money for an uncertain amount of time. Poshmark Selling Fees Poshmark also levies standard selling fees. As of January 22, 2023, USPS Regional Boxes were discontinued. But, take note that not all buyers are the same. Answer: Depop fees / Why have I been charged? Physical stores make money when people buy their products. Both offer different things so its up to your personal preference. Sold through Depop Payments If the item was sold and paid using Depop Payments, you could settle any issues with your transaction through Depop.