Once a buyer purchases from you via Depop Payments the money goes straight to your balance, which you can see in the Payments section of your Selling Hub in app. There are different marketplaces on the internet nowadays. Read on and learn how to save your Depop listing and your earnings. Poshmark is a trademark of Poshmark, Inc. Reseller Assistant is not endorsed, affiliated or certified by Poshmark Inc. Best Poshmark Pricing and Selling Fees Guide, Reseller Assistants Black Friday Event 2020, How to Increase Poshmark Sales (Ultimate Guide 2022), How To Host a Poshmark Party: A Step-By-Step Guide. When it comes to the types of fashion listed, theres no clear winner in Depop vs Poshmark. While some use stock photos, it is always a good practice to use yours. You don't have to worry about getting paid after shipping the item or ensuring it's delivered. * have frontal try on in another listing, All purchases through Depop are covered by Buyer Protection. 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. Has it gotten fixed for you yet? They dont take money for the shipping label, transaction processing fee, sales tax, or customer support. There are two ways shipping works on Depop if youre located in the US: - Arrange your own shipping: Arrange domestic or worldwide shipping yourself (go down to your local post office or purchase a shipping label through a third party). As of January 22, 2023, USPS Regional Boxes were discontinued. Depop payments fees are relatively similar to paypal but it is somewhat easier to reason about. Heres our easy guide to the ins and outs of selling on Depop. Buyers and sellers live around the world. We are compensated for referring traffic and business to Amazon and other companies linked to on this site. Poshmark offers sellers tools to help your listings reach the right audience. Depop does not have subscription or listing fees but they charge a 10% flat rate on every item sold. Streetwear. All you have to do is ask your buyer to return the item with tracked shipping. Sure, Depop pays out immediately, but they take additional fees so youre not getting as much. Super fkn cute Japanese gyaru brand D.I.A low rise pleated black miniskirt with the coolest gold chain and zipper details. Here well break down how shipping works in the UK and the US. Lets be real, you probably dont care what method is used to get you your money as long as it lands in your hands as soon as possible. Find it on Depop. and you should because it increases your options. Payment Depot credit card processing works for mobile, terminal, ecommerce, and POS transactions. Poshmark has customer protections in place that make it a trustworthy company but can be frustrating if you need cash now. Shop around by looking for the item, or something similar, on both apps before finalizing a purchase. But how does this marketplace of buying and selling work? And second, you can use it as proof when issues against your item arise. Here is the fee table gotten from the depop website: Depop states that you may also be charged an additional 1.29% seller service fee for UK-EU transactions which is worth considering in your fee calculations. Find out more about Depop Payments byheading over to our Help Centre. 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. This charge will be taken directly from your PayPal account or the card you are using for payments before the remainder of . a 10% Once an item sells, Depop will automatically charge a 10% fee on the sale price (including the shipping costs). Find it on Depop. Again, this might seem steep, but you can do the math before you list an item and get a general idea of your profit. Using a tracked shipping method is the ideal way of sending your orders. To access the items youve liked or saved, go to Profile > Likes or Profile > Saved. Here is how joining Depop works, step by step. Ill go in-depth into how to sell and buy through each company, whether youre using the website or the mobile app. Note that counterfeit items must be automatically be refunded without the need for the buyer to return the item as shipping any counterfeit goods is illegal. You can buy clothes for men, women, and kids on Poshmark. To avoid falling into the dreaded sales slump, the informative article below explores many strategies on how to get more sales on Poshmark, grow your brand, and, Read More How to Increase Poshmark Sales (Ultimate Guide 2022)Continue, Being invited to host a Poshmark party is most definitely something to be proud of. Or, message the seller of the item youre eyeing if you have any questions. Scroll down and tap Edit My DNA to add the styles, brands and sizes you want to see. When it comes to commission taken, Poshmark is the winner. Remember that the competition on marketplaces like Depop is tough. Aside from making your item appear on buyer searches accurately, a clear and complete description is what helps push your buyer to finalize their purchase decision. You might feel like youre getting a deal on clothes, but dont forget shipping costs. Before posting and pricing your items, you must also consider other Depop selling fees and PayPal transaction costs. Designer. Its hard to choose a winner when it comes to payment with Depop vs Poshmark. Lets go over it. You also want to consider each sites selling fees. For more information on shipping, check out our shipping guide. Here, you will enter your address. Now you have the know-how on how selling at Depop works, and youre ready to get listing and start selling for yourself. It may be worth investing into an authentication service for higher priced or luxury items. DEPOP PAYMENTS ONLY. You fail to respond to Depop's emails within the timeframe. Depop Payments lets buyers use Apple Pay, Google Pay, credit and debit cards, as well as Paypal to shop on Depop. - Select a photo to represent your account - thisll be how other buyers and sellers see you around Depop. But there are still some benefits to choosing one platform over the other. A major plus for Depop payments is that you get the money as soon as your item sells. If you were hoping for a large reduction in fees as a result we are sorry to dissapoint you! 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 . We offer a 14-day free trial to let you experience the difference of what our app can make. So what do you need to know as a buyer and seller on Depop? Ive sold on both and also browse the two to buy stuff so I can show you the ins and outs of what works. PayPal has merchant fees that youll incur, further cutting into your profits. You can submit items to Posh Parties, but its also great when people like or comment on your items. Its easy to list items on both Poshmark and Depop. Do thorough research on your item if you are unsure of its authenticity. Be sure to read through its description and check the sizing to be sure its what youre looking for. Depending on the buyer's dispute, you may give them a partial or a full refund in your app or with the help of Depop Support. It seems like buyers prefer to haggle more on Poshmark. Even then, Poshmark has up to three days after delivery to release the funds. How much of a fee does Depop take? Depop fees: No listing fee, 10% seller fee to Depop, PayPal transaction fee of 2.9% + $0.30. Depop doesnt promote items as Poshmark does. I have already shipped the item to the buyer but haven't had any money through. We walk you through how to ship on your own step-by-step in the next article. Poshmark is the thrift store where people are selling brand name items that you can get for a deal. That's a big change from instant isn't it ? While one sale may not make too much of a difference, the fees can add up if you sell regularly. welcome to another Depop video!! Were introducing Depop Payments a new payment method powered by Stripe Connect to make it easier to buy and sell on Depop. - First, download the Depop app in the App Store or Google Play. 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. Lets start by introducing what Depop is. One of the practical tricks to do this is by cross-listing. Hey my sweets!! Depop payment fees include 3.4% + 0.30 for all its UK and EU sellers, whereas the US sellers are charged 2.9% + $0.30 on each payment. If you can, try to settle the issue with the buyer first to prevent an issue from being raised with PayPal. You can use Apple Pay, Google Pay, Paypal, credit and debit cards. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Aside from dodging copyright issues, posting the actual photos of your item also help set your buyers' expectation. Its easy to say that its more fun to buy clothes and accessories, regardless of Depop vs Poshmark. If you sell on depop the only other option is to branch out to other marketplaces. Otherwise, you will have to log in on a browser. Rule of Thumb for Depop and Paypal While any payment issue as a seller can be extremely frustrating, there are some steps that you can follow to ensure that you are getting your money on time. if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[250,250],'fulfilledmerchant_com-banner-1','ezslot_15',125,'0','0'])};__ez_fad_position('div-gpt-ad-fulfilledmerchant_com-banner-1-0'); You will need a shipping scale and a measuring tape but theyre inexpensive and you will save money in the long run. A responsible seller is very unlikely to receive any disputes. Interested in selling on Depop? The standard depop fee remains the same at 10% and they will charge processing/transaction fees, thats it. NO PAYPAL. Furthermore, the OneShop app gives you access to a helpful and fun community when you sign-up. Depending on which methods your seller accepts, you can check out using either of these options. Explore is a great place to start looking for unique fashion on Depop. It must've been cuz I mentioned the BBB.. 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!! Items sold via PayPal follow a different way of solving the dispute. So this new payment system will mean quicker access to your money. Depop Payments will empower sellers to increase their chances of selling by giving buyers more ways to pay. Super fkn cute Japanese gyaru brand D.I.A low rise pleated black miniskirt with the coolest gold chain and zipper details. If y'all remember I posted how I got banned for hashtags that were FINE. Buyers canbrowse the app, search for specific items and find your shop. thats a major concern. Thank you so much for watching! As a seller, will Depop payments really be better than using PayPal? OneShop is a financial technology company, not a bank. Streetwear. For example, I remember being able to use the pending deposit from a sale on Paypal towards paying for the shipping label. If youre looking for those types of things, youre better off shopping on eBay, which is more like a general online thrift store. If you sell it for $15 or more, then Poshmark takes 20% commission. Designer. Its easy to sign up for Depop Payments. 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. I hope you love this video and it helps you lots. Vintage. Its better to curate your collections to ensure youre delivering what each group will want to buy. 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. This will ensure that you can always refund buyers when necessary. Slightly stretchy too! 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. You can cross-list some of your items, but each platform has a specific audience. All US sellers will need to sign up by 10 January 2022. DEPOP & DEPOP PAYMENTS SHIPPING VIDEO: https://youtu.be/jKjUcMXcKk. Each PayPal transaction currently costs 3.49% + $0.49. Depop has been working on a new payment method for what seems like years and years. Buying on Depop is not complicated. Price is high and FIRM as I dont mind keeping might take down later Hi guys! Are you sure that email was from paypal and not a spoof? Depop is all about community - its the buyers and sellers who use Depop who make it such a great place. Slightly stretchy too! Depop is integrated with PayPal, which means that all payments made on the platform are processed through PayPal. 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. Some sellers offer discounted shipping if you order more than one item from their shop. Whether you want to buy or sell on Depop (or both), the first thing youll need to do is set up an account. Click the Settings icon at the top of the page. Or view our blog on making money at Depop for broader tips and information. Heroine is a trademark of Grailed, Inc. eBay is a trademark of eBay, Inc. Facebook is a trademark of Facebook, Inc. Facebook Marketplace is a trademark of Facebook, Inc. OneShop is not endorsed, certified, or affiliated by List Perfectly, Vendoo, mercariBOT, ResellKit, SellerInsight, PrimeLister, Cross List It, Hammoq, ListingJoy, Crosslist, Poshmark, Tradesy, Mercari, Depop, Grailed, Facebook Marketplace, eBay, Kidizen, or Etsy. If you're smart about how you ship things, then you'll make more money selling on Depop because of the lower fee. The price of an item is another factor that dramatically affects your potential buyer's purchase decision. If you love shopping at thrift stores, youll love browsing Poshmark and Depop online. Take a picture using a square format to ensure that it is sized correctly. Many sellers register on both Poshmark and Depop. Sold through Depop Payments If the item was sold and paid using Depop Payments, you could settle any issues with your transaction through Depop. Payments that are sent to paypal will typically be instant and you can often use your money as soon as it arrives. - Next youll choose your username and a strong password, to keep your account safe. 2. There are so many sites available, but they all have their pros and cons. 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. I one hundred percent agree and hate Depop payments because of the withholding process. 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. Although there isnt much of a difference regardless of how your buyers decide to pay, the fee may be slightly cheaper depending on where you are located, so you would have to check what the paypal fees for your country are and compare. The OneShop Money Mastercard Debit Card is issued by Piermont Bank, Member FDIC. We offer both PayPal and Depop Payments to give our users more flexibility while buying and selling on Depop. Depop will send you an email with a link where you can sign up.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[728,90],'fulfilledmerchant_com-medrectangle-3','ezslot_3',119,'0','0'])};__ez_fad_position('div-gpt-ad-fulfilledmerchant_com-medrectangle-3-0'); You will be redirected to the Depop app if you have it downloaded. Poshmark only has these two commission fees. 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. Depop is a marketplace that is growing very fast since it was founded. You will click on Get started. Its growth shows now signs of slowing and has been accelerated even more since its aquisition by the marketplace etsy. Ill still make sales, but its rarely at my set price. Etsy vs Depop: How Much Can You Earn 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. However, unlike Poshmark, Depop charges you additional fees. Depop is the fashion marketplace app where the next generation comes to discover unique items. Fees on Depop are very straightforward. I decide to make this video in hopes that it will clear up some questions for you. From discovering unique items to new looks youll love consider the apps Explore tab as your launching point to doing it all. Connect your Depop account to the Paypal account you will be using. Whatever your style. - Add the correct category, location, condition and item price. Your own wardrobe - old, new, clothes you no longer wear, or items you want to give a new home to make space. You should find ways to have an advantage over other sellers with the same item. To send a partial refund, choose the Partial refund tab instead and type in the amount you'd like to refund. As the platform grew to 26 million users, it expanded to a resale platform. The email was actually from depop so I think it is real, they also messaged me on the app to say the same thing. Press question mark to learn the rest of the keyboard shortcuts. W for me today after 10 incompetent depop support representatives finally got someone to review my account suspension. 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. In this post, well cover what Depop payments is, what sellers can expect from Depop Payments, how to sign up and how to set up Depop payments. 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. Its flat-out fun to browse on this app, and youll most likely find at least one item you cant live without. Review the information and click Issue Refund. This site is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. Here youll find a curated selection of items we think youll love. Preloved. As a buyer using Depop, you can find items to purchase by browsing the app or searching for specific products or styles. Want to discover your next favorite thing? Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. Preloved. That also gives you a huge audience of potential customers who want to shop your closet. Vintage. Go to www.paypal.com/uk and log in to your account. If youre a Poshmark seller or want to become one, you need to consider how much selling on the platform will cost. you know we love to give you great discounts and special events throughout the year, but were totally upping, Read More Reseller Assistants Black Friday Event 2020Continue, Once upon a time, Poshmark was a clothing site for women. Its more like a social media platform, where buyers see things because they liked them or if they follow you. Depop payment via paypal. Youre set well email you a receipt with details about your purchase, and your seller will ship your new item to your address. The page looks cluttered because the company sorts listings into parties and showrooms. This is a great feature for sellers because they get extra eyes on their items. Most sellers get excited when they see the Depop selling fees are just 10%, regardless of how much the item sells for. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. My depop payments is also suspended in limbo for the past week or so. Always keep your proof of shipping and delivery. You are viewing the PayPal Community Archives. Sell safely with Depops Seller Protection Policy and ship as soon as the sale has gone through. Read Next: How to Ship on Your Own on Depop, Yes, USPS Regional Boxes Are Discontinued. Simply head in-app, go to the Selling hub and tap the banner. Within this blog post, we break down exactly how Depop works: covering who we are, and how buying, selling and shipping on Depop work. That way, the payment should come through as normal once this action is completed. 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! Tap Buy, then the shopping bag icon in the top right corner. Thats all there is to it. When will I know if I am going to receive the payment? For more information, please see our If youre selling an item on Poshmark for more than $15, the company takes a 20% commission fee. Shipping is a crucial part of finalizing your sale. First, it qualifies you to Depop seller protection. In addition to this, you can decide on a reasonable price but let your buyers know that you accept offers. 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. I also like to use filters so I see only what items will fit me. Your honesty as a seller can make a huge impact on your business. Therefore, taking commission is how these companies make money. To provide a good customer experience, remember to ensure that the item is clean before you pack it. Learn More. Please note that transaction fees may vary based on your location and PayPal account setup. 2. This might seem like a hefty fee if youre selling something for $5, but knowing this set fee can help you in the long run. Banking services provided by Piermont Bank, Member FDIC. The names List Perfectly, Vendoo, Crosslist, Poshmark, Tradesy, Mercari, Depop, Grailed, Facebook Marketplace, eBay, Kidizen, and Etsy, as well as related names, marks, emblems and images are registered trademarks of their respective owners. Ready to get started and try it for yourself? Streetwear. Many customers might make a cheap offer just to see what they can get. 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) Weve even seen eBay make a move to do something similar with eBay managed payments for very similar reasons. In any business, including online selling, creating a seamless and good buyer experience is an essential part. Lets compare the two fees based on the sales price. Also, there's a PayPal transaction fee of 2.9% + $0.30 in the USA and 2.9% + 0.30 in the UK. But they might integrate the price of shipping into the item itself. Choices like this keep the circular economy going its kinder to people and the planet. LOVE YOU LOTS! Why don't you give this a go for me by following these steps? If you're looking to ship using USPS Regional boxes, you will no longer have the option to send them at Regional Rates. Depop has now made a move to their own payment processing sytem powered by Stripe Connect. You will also be charged a standard transaction fee by either of PayPal or Depop Payments of around 2.9% + /0.30. the payment will typically be available to you within 21 days after receipt (the funds may not be released until later in the day). For example, if you are in the US, the standard Paypal fee is around 3.49% + $0.49. Choose the transaction you'd like to refund, then tap Refund, For a full refund, select the Full refund tab. Even without a PayPal account, you are still covered by PayPal Buyer Protection if you use PayPal checkout.