PayPal has merchant fees that you'll incur, further cutting into your profits. Depop will then conduct an evaluation to see whether your item is significantly not as described. 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. Before you price an item, you can guarantee that Poshmark takes $2.95 of the profit. 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 . Check out our Depop payments blog for further details. Join. When you sell clothes online, youre earning a little money back from what youve spent. Ensure to ship orders to the address on the Depop receipt. Messaging sellers and shipping vary depending on if youre using Depop vs Poshmark. Offering free shipping is a plus, too, if you want to sell your item faster. One of the easiest ways to save on costs is by saving on your shipping cost. However, sometimes tiny details get missed, which is understandable as long as you are willing to correct the mistake and make amends. As you use Depop, the app understands what you like and curates your My DNA and Explore pages. Ive sold on both and also browse the two to buy stuff so I can show you the ins and outs of what works. I miss those simple PayPal instant payments I can't trust Depop withholding money for an uncertain amount of time. It will show up on your bank statement when the seller fees are debited from your account. We offer a 14-day free trial to let you experience the difference of what our app can make. Remember that the competition on marketplaces like Depop is tough. 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. No matter what your reason is We have been selling online for over a decade and want to bring you some of the best information and reviews to help with your business. That's a big change from instant isn't it ? 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. Find it on Depop. This content may be old or outdated. Hi guys! Depop Payments vs. PayPal 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. Your sales will now be deposited in your bank account rather than you having to go through paypal. You have to wait with Poshmark, but you wont pay fees to access your own money. Lets go over it. After you make money selling items on Poshmark, you can keep the money in the app and use it to shop for yourself. Vintage. Shop around by looking for the item, or something similar, on both apps before finalizing a purchase. According to the Social Commerce Report, over 60 million Poshmark users buy and sell through their platform. link to Yes, USPS Regional Boxes Are Discontinued, link to How To Pack & Ship An Xbox (With Pictures). And second, you can use it as proof when issues against your item arise. Theres no harm in listing the same items on both sites. Please note that transaction fees may vary based on your location and PayPal account setup. 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. I love these features because they often show me things that would make a killer outfit with my previous purchases! Here are a few to start: 1. Buyers and sellers live around the world. This app is especially popular in countries like Australia, New Zealand, the United Kingdom, and of course, the United States. Work-flow can help the Cash-Flow. 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. Hey my sweets!! However, these offers arent always something you want. Ensure that the item is well lit and the details are clearly captured. If y'all remember I posted how I got banned for hashtags that were FINE. For a business to succeed, having a fully equipped and knowledgeable seller is a must. 26 days ago. Why don't you give this a go for me by following these steps? 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. There are different marketplaces on the internet nowadays. You can cross-list some of your items, but each platform has a specific audience. 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. * have frontal try on in another listing, All purchases through Depop are covered by Buyer Protection. But online platforms like Poshmark and Depop arent selling items themselves. 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. When a dispute like this arises, you must do the following: Being obedient to Depop's policies is important. Do you know where to find money that is pending before being put into your account? 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. Poshmark sells contemporary, name-brand clothes at good deals. Theres an app for that and if youve set up your Depop account, youre already on it. While the framework of both sites is similar, you may wonder which is better in terms of Depop vs Poshmark. Depop A major plus for Depop payments is that you get the money as soon as your item sells. yea i prefer PayPal because depop payments still hasn't paid out to my credit card & i made my first sale january 8th . All UK sellers will need to sign up by 8th December 2021 to continue listing. Are you sure that email was from paypal and not a spoof? It can also handle contactless pay, a feature PayPal lacks. Buyers canbrowse the app, search for specific items and find your shop. You want to choose the platform with the best built-in audience so you can rack up sales. Lets face it most online shopping isnt always the most deliberate/thought through process, so any uneccessary friction will result in buyers leaving. 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. Tap Checkout, then review your shipping address to make sure its correct. Once you've sent a refund, you can't cancel it. 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. If youre a Poshmark seller or want to become one, you need to consider how much selling on the platform will cost. This applies more so if they do not already have a paypal account. On Poshmark, Ive gotten a lot more negotiations. Any growing business will come with big changes, for depop this change is being made in how it handles its transactions with the introduction of depop payments. Tap the Search tab at the bottom of the app to search for items and find exactly what youre looking for. 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. There is also a standard PayPal transaction fee of 2.9% + 0.30 in the UK and 2.9% + $0.30 in the US. Select the payment you want to refund and click Issue a refund. Sell safely with Depops Seller Protection Policy and ship as soon as the sale has gone through. But, take note that not all buyers are the same. But what about getting your hands on the money youve earned? Depop payment via paypal. If you still have any questions at all please feel free to comment and i will be happy to answer. To access the items youve liked or saved, go to Profile > Likes or Profile > Saved. PayPal also sometimes withholds your funds if you havent made a sale in a while. I get alot of questions when it comes to depop and paypal fees. While you can do many things to avoid receiving a buyer return request from your sold items, here are some of the key points that you should remember when listing on Depop. When you want to cash out, Depop pays through your PayPal account or Stripe. Poshmark fees are set. Its free to list your items in your shop and youll only be charged once an item is sold. Even then, Poshmark has up to three days after delivery to release the funds. Interested in selling on Depop? When you're selling an item on Depop, the seller is always responsible for shipping to a buyer. 4. That also gives you a huge audience of potential customers who want to shop your closet. Heres our easy guide to the ins and outs of selling on Depop. You can issue a full or partial refund within 180 days of the original payment date. Listing on Depop is simple and easy. Banking services provided by Piermont Bank, Member FDIC. W for me today after 10 incompetent depop support representatives finally got someone to review my account suspension. The business itself is expanding and now has offices in Milan, New York City, and Manchester. A 10% Depop fee is charged on the total transaction amount (including shipping costs). PayPal features and capabilities Like Payment Depot, PayPal can handle a variety of transactions, both in person and online. Here is how joining Depop works, step by step. Click Continue. You can do so on the app, or depop.com. https://www.paypal.com/uk/smarthelp/article/how-do-i-verify-my-paypal-account-faq444?app=searchAutoC 1999-2023 PayPal, Inc. All rights reserved. Items sold via PayPal follow a different way of solving the dispute. Its easy to sign up for Depop Payments. Depop, based in London, began in 2011. Depop payments will be around for a long while whether you prefer it as a seller or not. A 10% Depop fee is charged on the total transaction amount (including shipping costs). Its growth shows now signs of slowing and has been accelerated even more since its aquisition by the marketplace etsy. To process a refund for a transaction paid using Depop Payments: If you issued a full refund on a whole transaction using the app's refund button, the shipping label would also be automatically refunded to you. - Ship With Depop: Ship through Depop with USPS (mainland USA only). If you want to keep them for later on, you can like or save them. When you want to cash out, Depop pays through your PayPal account or Stripe. However, you have to look more into what youll actually make from Depop. Slightly stretchy too! Improved payment experience the payment will typically be available to you within 21 days after receipt (the funds may not be released until later in the day). If the item is brand new, check the retail price or similar brand new listings as yours and take it from there. Click the Settings icon at the top of the page. Go to www.paypal.com/uk and log in to your account. If branching out does not seem like something you want to do at the moment then youll need to accept the new system and set up depop payments. Sure, Depop pays out immediately, but they take additional fees so youre not getting as much. A sub for discussing all things Depop. It must've been cuz I mentioned the BBB.. If youre debating Poshmark vs Depop, then check out this overview. However, pricing your item right doesn't mean that you should compromise your earnings. 98. r/Depop. Signed up already? But you'll only be charged for the items that get sold on Depop. Sellers set their shipping on Depop, which means you might find some that offer free shipping. We are compensated for referring traffic and business to Amazon and other companies linked to on this site. But they might integrate the price of shipping into the item itself. 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. 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. While there are honest ones, you may encounter some who would like to take advantage, so you have to be wise while keeping it professional. Leave the Archive. Privacy Policy. Its hard to choose a winner when it comes to payment with Depop vs Poshmark. NO PAYPAL. 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. Note: Before you can refund your buyer who paid through Depop Payments, you'll have to add a top-up card (debit or credit card) to your account. Also, there's a PayPal transaction fee of 2.9% + $0.30 in the USA and 2.9% + 0.30 in the UK. Preloved. Preloved. Lets compare the two fees based on the sales price. In this post, we'll cover what Depop payments is, what sellers can expect from Depop Payments, how to sign up and how to set up Depop payments. Why should I get a PayPal account? Selling your clothes and shoes online is easy, like using an online consignment store. thats a major concern. Then, youll be able to plan ahead and come up with a fair price for every item you list in your closet. People are more likely to buy and sell gently used clothing online through a clothing resale app. If you sell on depop the only other option is to branch out to other marketplaces. 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. Review the information and click Issue Refund. You also don't have to worry about signing up and paying straight away to test our bot. So what do you need to know as a buyer and seller on Depop? Aside from dodging copyright issues, posting the actual photos of your item also help set your buyers' expectation. Get paid directly into their bank account. I one hundred percent agree and hate Depop payments because of the withholding process. To have appealing photos, ensure that you only use clear and high-quality ones to stand out from other competitors. Depop started out using paypal to process virtually all transactions, so every sale you made would be sent instantly into your paypal account. After this, Depop will mediate a resolution between yourself and the buyer. 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. - Next youll choose your username and a strong password, to keep your account safe. But for a partial refund, you will have to get in touch with Support so they can process a shipping label refund for you. 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. Here are some vital facts and figures about how Depop works today. Poshmark vs Mercari: Which is best for Sellers. Here well break down how shipping works in the UK and the US. Once shipped, keep your buyer updated. Poshmark has customer protections in place that make it a trustworthy company but can be frustrating if you need cash now. i have $97 in there. Cookie Notice Or view our blog on making money at Depop for broader tips and information. Its flat-out fun to browse on this app, and youll most likely find at least one item you cant live without. If you're smart about how you ship things, then you'll make more money selling on Depop because of the lower fee. The standard depop fee remains the same at 10% and they will charge processing/transaction fees, thats it. Rag houses, outdoor markets, vintage shops, car boot/garage sales, charity and thrift stores are great sources of stock for your Depop shop. Heres how you will add Depop payments to your account. Scroll down and tap Edit My DNA to add the styles, brands and sizes you want to see. When youre considering Depop vs Poshmark, look at your items with a critical eye. 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. Depop does not have subscription or listing fees but they charge a 10% flat rate on every item sold. If the buyer chooses to pay with Depop payments instead, the fees will be 2.9% + $0.30. You don't have to worry about getting paid after shipping the item or ensuring it's delivered. You can source stock to sell on Depop from a lot of different places. A major plus for Depop payments is that you get the money as soon as your item sells. UPDATE: Updated depop payments shipping tutorial! I'm not sure if that's still applicable or if paypal was just weird and would allow that. Poshmark only has these two commission fees. Poshmark, based in California, began in 2011. 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. Feb-22-2020 01:57 AM. This move means that depop and their users (buyers/sellers) have a lot more flexibility in how payments work. Read on and learn how to save your Depop listing and your earnings. Or maybe you want to have a look around and see whats trending first? What is that? In my experience, Ive gotten more sales through Depop just because people buy what they want and thats it. For more information on shipping, check out our shipping guide. I miss those simple PayPal instant payments I cant trust Depop withholding money for an uncertain amount of time. You can submit items to Posh Parties, but its also great when people like or comment on your items. Physical stores make money when people buy their products. Each PayPal transaction currently costs 3.49% + $0.49. Thats all there is to it. You dont have to worry about getting paid after shipping the item or ensuring its delivered. You know what theyre going to take, so you can price your items accordingly. You should do this within the allocated time frame to show that you are an honest and responsible seller. As a buyer, you can now pay through Apple Pay, Google Pay, and your credit or debit cards. Super fkn cute Japanese gyaru brand D.I.A low rise pleated black miniskirt with the coolest gold chain and zipper details. You will also be charged a standard transaction fee by either of PayPal or Depop Payments of around 2.9% + /0.30. Preloved. When a buyer has made a purchase, the seller then receives payment and must ship the item to their buyer. If you choose to cash out, the money transfers to your linked bank account with no additional fees incurred. To send a partial refund, choose the Partial refund tab instead and type in the amount you'd like to refund. It is intelligent software that can help you list items across platforms easily. Tap Buy, then the shopping bag icon in the top right corner. In that case, the buyer will be advised to return the item using tracked postage before you can issue a refund of the full sale price, excluding the shipping fee. You can use Apple Pay, Google Pay, Paypal, credit and debit cards. Depop Payments will empower sellers to increase their chances of selling by giving buyers more ways to pay. Aside from checking the prices of the same item in the market to get a reference, you can price your listing correctly by matching its price to its condition. Sorry, this post was deleted by the person who originally posted it. It may be worth investing into an authentication service for higher priced or luxury items. Many customers might make a cheap offer just to see what they can get. Items like health and wellness products, home goods, or collectors items arent listed on Poshmarkits for fashion only. Depop's commission fees are a low 10%, regardless of the listing price, which is partly why the platform is such an attractive option to sellers. Or, message the seller of the item youre eyeing if you have any questions. Streetwear. Our biggest sale of 2020! If youre specifically looking for vintage, you might have better luck on Depop. Poshmark has an option for people to make offers for your items, similar to bidding on eBay. Shopping on Depop is like scrolling through Instagram. Stripe has similar fees, so youre not really making as much from Depop as you initially think. Streetwear. Hi does anyone know how to verify your PayPal account for selling items on depop? They dont take money for the shipping label, transaction processing fee, sales tax, or customer support. If you need to ship your Xbox, whether because you're selling online, moving, or gifting, you may be wondering how you can ship it and what is the cheapest way to do it. Its easy to say that its more fun to buy clothes and accessories, regardless of Depop vs Poshmark. Create an account to follow your favorite communities and start taking part in conversations. From the Home icon, tap My DNA. This is a place to explore unique fashion and be part of a community-driven zeitgeist thats shaping culture for the better. Join our list at the bottom of this page!) Always ensure that your item is authentic before claiming that it is. There are no surprises when youre getting paid out. 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) You can read our depop fee guide here to learn more about depop fees. The focus on Depop is for vintage items instead of upscale current fashions. Ill go in-depth into how to sell and buy through each company, whether youre using the website or the mobile app. But if youre trying to browse, you might feel overwhelmed with this visual. Shipping is a crucial part of finalizing your sale. All you have to do is link your Depop, Poshmark, and Mercari accounts to the app. However, unlike Poshmark, Depop charges you additional fees. While some have a specific budget to follow, some would also consider buying an item if it is reasonably priced. Depop has now made a move to their own payment processing sytem powered by Stripe Connect. Please read rules before posting. 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). - 30M+ registered users in over 150 countries, - 32M+ items are available for sale on Depop, - $1 Billion made by the Depop community to date. Super fkn cute Japanese gyaru brand D.I.A low rise pleated black miniskirt with the coolest gold chain and zipper details. For example, if you are in the US, the standard Paypal fee is around 3.49% + $0.49. This tactic can be a great way to maximize sales by interacting with potential customers. 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 . Has it gotten fixed for you yet? As the platform grew to 26 million users, it expanded to a resale platform. Once you sign up to use the platform, you can start uploading items to your shop. For any item that sells for less than $15, they take $2.95. 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. I read the FAQ on shipping with Depop and while it explains the cost deductions, I'm still unsure if we have access to the label cost that the buyer paid or if I would have to pay for the label out of pocket and then receive the full payment. My depop payments is also suspended in limbo for the past week or so. I am dealing with the same thing $116 stuck in my Depop Balance with no estimated payout date. 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. Once a dispute is opened against your sold item, be sure to provide all the necessary proof of the item's condition, authenticity, or size to Depop. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Poshmark Selling Fees Poshmark also levies standard selling fees. 2019-2023 All rights reserved. Find out more about Depop Payments byheading over to our Help Centre. Believe it or not, theres also a difference when youre buying on each site. Or maybe youre looking for styles that are 100% you? 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. It started as a social network, like an innovative magazine. You can buy clothes for men, women, and kids on Poshmark. When it comes to shopping ease, Depop is the clear winner. 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. Enter the amount you want to refund. Answer: Depop fees / Why have I been charged? As a buyer using Depop, you can find items to purchase by browsing the app or searching for specific products or styles. Founded on the tenets of social commerce, Depop is a P2P eCommerce platform. However, the site maximizes this option by giving you the ability to offer your item in return. So whether youre buying, selling or doing a little of both, using Depop is a straightforward - and enjoyable - experience. 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. If people like your listings as they might like an image on Instagram, you can offer it to them. Depop is about celebrating creativity by wearing it. Whether you want to buy or sell on Depop (or both), the first thing youll need to do is set up an account. Depop is a marketplace that is growing very fast since it was founded. I think I have done all the steps to verify it but I haven't had anything to confirm this. The way Depop works is simple. If you have added and confirmed a card then you should be verified. Were introducing Depop Payments a new payment method powered by Stripe Connect to make it easier to buy and sell on Depop. No matter your reason for joining the platform, making more money is definitely a driving force. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Choose the transaction you'd like to refund, then tap Refund, For a full refund, select the Full refund tab. if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,250],'fulfilledmerchant_com-box-4','ezslot_4',124,'0','0'])};__ez_fad_position('div-gpt-ad-fulfilledmerchant_com-box-4-0'); So how much is the savings? You must mention essential details such as: Your item photos are vital when listing as it gives your potential buyer a visual experience. Suppose both parties did not arrive at a resolution. Your shops page should now have a red banner where you will be able to enter your bank details. All youll need to do is to enter your name, address, phone number and date of birth. It will take longer for your money to reach your bank account with depop payments. Many sellers register on both Poshmark and Depop. That covers everything you need to know about how Depop works. Theyre only providing an outlet for individuals to use. 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. As a seller, you will now be able to get the money straight from Depop to your bank account (after a few business days). They allow users to shop through their website or mobile app. Maybe youve got some questions about how selling works for Depop users. All US sellers will need to sign up by 10 January 2022. I also like to use filters so I see only what items will fit me. This way, if the refund gets delayed, it can be processed for them as long as they can provide proof of return. - 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. All zippers fully functional. When you save your size, the algorithm only shows you that size. You can use a crosslisting app here to automatically list from depop to other marketplaces like vinted, ebay, poshmark and more! Depop Selling Fees For each item sold, Depop automatically charges a standard 10% fee on the total transaction amount including the cost of shipping. 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 American sellers, they take an additional 2.9% fee plus $0.30.