LOVE YOU LOTS! When it comes to commission taken, Poshmark is the winner. Depop payments will be around for a long while whether you prefer it as a seller or not. Now you have the know-how on how selling at Depop works, and youre ready to get listing and start selling for yourself. Whether you want to buy or sell on Depop (or both), the first thing youll need to do is set up an account. Youre set. Shoot your item on a clear background to keep your buyer's attention on the item. But for a partial refund, you will have to get in touch with Support so they can process a shipping label refund for you. You can use a crosslisting app here to automatically list from depop to other marketplaces like vinted, ebay, poshmark and more! Ive sold my clothes on both Poshmark and Depop. Lets compare the two fees based on the sales price. Sell your old clothes and replace them with new-to-you, secondhand finds. When you receive a dispute, always resolve it with the buyer before involving Depop. Weve even seen eBay make a move to do something similar with eBay managed payments for very similar reasons. Offering free shipping is a plus, too, if you want to sell your item faster. You can save money on the clothes and even with shipping costs. - 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. 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. Or maybe you want to have a look around and see whats trending first? 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. 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. - Add the correct category, location, condition and item price. 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. You can search by different criteria, such as the following: - Different styles, such as vintage or Y2K, - Your favorite brands, such as Nike or Carhartt, - Your favorite Depop seller just search their username. If you have added and confirmed a card then you should be verified. Now that Depop partnered with Stripe, which is PayPals competitor, it opens more options for both sellers and buyers. Heres what you need to do to list on the app: - Write an accurate item description (learn more about how to write a description below). Leave the Archive. Go to www.paypal.com/uk and log in to your account. Marked a size M but see measurements below Reworked items - upcycled, handmade and repaired items are all great. I one hundred percent agree and hate Depop payments because of the withholding process. I decide to make this video in hopes that it will clear up some questions for you. Its hard to choose a winner when it comes to payment with Depop vs Poshmark. When you first open Poshmark, you might not enjoy browsing. - Ship With Depop: Ship through Depop with USPS (mainland USA only). Your item was as described, but the buyer changed their mind. Check out our Depop payments blog for further details. Privacy Policy. You might see a 2-3 day difference in processing times depending on your bank. It will take longer for your money to reach your bank account with depop payments. Its easy to sign up for Depop Payments. 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. Its the platform for individuals to resell their clothes, shoes, and accessories. If youre going to shop a lot on either app, its worth saving some filters so youll only see items that fit you. Always keep your proof of shipping and delivery. It is finally here! 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. Were introducing Depop Payments a new payment method powered by Stripe Connect to make it easier to buy and sell on Depop. 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. If youre a Poshmark seller or want to become one, you need to consider how much selling on the platform will cost. I am dealing with the same thing $116 stuck in my Depop Balance with no estimated payout date. I love these features because they often show me things that would make a killer outfit with my previous purchases! If you sell on depop the only other option is to branch out to other marketplaces. Get paid directly into their bank account. Tap Continue to review the details, then click on Confirm refund. 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 youre debating Poshmark vs Depop, then check out this overview. It must've been cuz I mentioned the BBB.. You can issue a full or partial refund within 180 days of the original payment date. Find it on Depop. Designer. For a business to succeed, having a fully equipped and knowledgeable seller is a must. Most of the clothes are new and gently used, though some are vintage. Be sure to read through its description and check the sizing to be sure its what youre looking for. One of the easiest ways to save on costs is by saving on your shipping cost. Here well break down how shipping works in the UK and the US. You have a general idea about how much you can actually make per sale, based on the Poshmark vs Depop commissions. When it comes to buying, Poshmark wins for having such a variety available. Depop is the fashion marketplace app where the next generation comes to discover unique items. You also want to consider each sites selling fees. Or, message the seller of the item youre eyeing if you have any questions. You have a home feed that shows you items similar to what youve previously liked or bought. 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. First, it qualifies you to Depop seller protection. But they might integrate the price of shipping into the item itself. The business itself is expanding and now has offices in Milan, New York City, and Manchester. Once you sign up to use the platform, you can start uploading items to your shop. Poshmark is the thrift store where people are selling brand name items that you can get for a deal. Depop fees: No listing fee, 10% seller fee to Depop, PayPal transaction fee of 2.9% + $0.30. Poshmark sells contemporary, name-brand clothes at good deals. Your sales will now be deposited in your bank account rather than you having to go through paypal. Here youll find a curated selection of items we think youll love. Lets face it most online shopping isnt always the most deliberate/thought through process, so any uneccessary friction will result in buyers leaving. Depop has a way to show you items tailored to your tastes and needs, too. In any business, including online selling, creating a seamless and good buyer experience is an essential part. For example, I remember being able to use the pending deposit from a sale on Paypal towards paying for the shipping label. Depop, on the other hand, takes 10% on everything sold. 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. As a seller, fees can really dig into whats left for you. As of January 22, 2023, USPS Regional Boxes were discontinued. To solve this, you should just need to add and confirm the correct email address to your PayPal account. Vintage. But, take note that not all buyers are the same. What you should care about as a depop seller is if depop payments will increase your sales! You can buy clothes for men, women, and kids on Poshmark. 3. No action needed well take care of the rest. If youre selling a bundle, both PayPal and Depop payments will charge the $0.49 and $0.30 once. 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) Thank you so much for watching! 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! Also read: Poshmark vs Mercari: Which is best for Sellers? 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. They have to pay Depop for the shipping label, so you might end up with that cost. Then, youll be able to plan ahead and come up with a fair price for every item you list in your closet. 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. You made the transaction outside of the platform. If you find a lot of great things from the same seller, this type of discount can save you a lot in terms of shipping cost. 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? As a buyer using Depop, you can find items to purchase by browsing the app or searching for specific products or styles. Always ensure that your item is authentic before claiming that it is. We offer both PayPal and Depop Payments to give our users more flexibility while buying and selling on Depop. You will also be charged a standard transaction fee by either of PayPal or Depop Payments of around 2.9% + /0.30. I think I have done all the steps to verify it but I haven't had anything to confirm this. Being fast in sending orders is a good thing. Each has a seller guideline to follow along with Poshmark, Mercari, Tradesy, and many others like Depop. Join. The way Depop works is simple. We are compensated for referring traffic and business to Amazon and other companies linked to on this site. Connect your Depop account to the Paypal account you will be using. You can source stock to sell on Depop from a lot of different places. Suppose both parties did not arrive at a resolution. Select the payment you want to refund and click Issue a refund. When you sell an item, Depop will automatically charge the 10% fee on the total transaction amount (including shipping costs). There are three ways shipping works on Depop if youre located in the UK: - Arrange your own shipping: Arrange worldwide shipping yourself (go down to your local post office or purchase a shipping label through a third party etc). Depop payments fees are relatively similar to paypal but it is somewhat easier to reason about. Paying for shipping labels depop payments vs paypal 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. 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. One of the practical tricks to do this is by cross-listing. When it comes to shopping ease, Depop is the clear winner. This cut is a lot smaller than Poshmark, whether youre looking at the 20% commission or the $2.95 flat fee. Commission usually includes a percentage of the shipping charge and transaction fee. Etsy vs Depop: How Much Can You Earn You can provide any pictures of your item's condition to establish what the problem is about, and you can go from there. You dont need to select buyer or seller when you set up - every user is able to do both from the moment theyve registered. Here is how joining Depop works, step by step. Whatever your style. When a buyer has made a purchase, the seller then receives payment and must ship the item to their buyer. However, the site maximizes this option by giving you the ability to offer your item in return. You have to wait with Poshmark, but you wont pay fees to access your own money. Poshmark has an option for people to make offers for your items, similar to bidding on eBay. Both offer different things so its up to your personal preference. Each PayPal transaction currently costs 3.49% + $0.49. Youll benefit from taking better pictures, having a title that shares a lot of information, and a competitive listing price. All you have to do is ask your buyer to return the item with tracked shipping. Avoid disputes on your items and get your Depop account in trouble. 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. 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). By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Buyers and sellers live around the world. 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. The fashion industry produces a lot of clothing waste every year. However, you have to look more into what youll actually make from 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. 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! Please note that transaction fees may vary based on your location and PayPal account setup. That's a big change from instant isn't it ? Even without a PayPal account, you are still covered by PayPal Buyer Protection if you use PayPal checkout. Or view our blog on making money at Depop for broader tips and information. Its a new feature which is required for selling now, but you can put a disclaimer that you prefer PayPal in your listings/bio. However, unlike Poshmark, Depop charges you additional fees. Many customers might make a cheap offer just to see what they can get. 98. r/Depop. Lets start by introducing what Depop is. Buying and selling clothes online reduces the amount of clothing going into landfills. NO PAYPAL. Very upsetting. I miss those simple PayPal instant payments I cant trust Depop withholding money for an uncertain amount of time. Poshmark has customer protections in place that make it a trustworthy company but can be frustrating if you need cash now. Fees on Depop are very straightforward. The focus on Depop is for vintage items instead of upscale current fashions. Use natural lighting to avoid over-exposur or soft light boxes to find the perfect level of lighting. Payments that are sent to paypal will typically be instant and you can often use your money as soon as it arrives. How much of a fee does Depop take? Lets go over it. Depop payments takes about 2 working days to process your payment before it is sent to your bank account. We will also assume that it is individual listings, rather than bundles. OneShop is a financial technology company, not a bank. 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. For more information on shipping, check out our shipping guide. From discovering unique items to new looks youll love consider the apps Explore tab as your launching point to doing it all. As a buyer, you can now pay through Apple Pay, Google Pay, and your credit or debit cards. Choices like this keep the circular economy going its kinder to people and the planet. If you can, try to settle the issue with the buyer first to prevent an issue from being raised with PayPal. Depop has been working on a new payment method for what seems like years and years. Your payout will then be sent to your linked bank account 10 working days after the sale date. It is intelligent software that can help you list items across platforms easily. If you sell it for $15 or more, then Poshmark takes 20% commission. Theyre transparent about their fees and dont take portions of the shipping cost. Shipping is a crucial part of finalizing your sale. You can do so on the app, or depop.com. It started as a social network, like an innovative magazine. Heres our easy guide to the ins and outs of selling on Depop. You will click on Get started. Cookie Notice All US sellers will need to sign up by 10 January 2022. You will also be charged for the Paypal fee which is 2.9% + $0.30 in the USA plus the applicable shipping fee. This way, if the refund gets delayed, it can be processed for them as long as they can provide proof of return. Depop is about celebrating creativity by wearing it. This is really simple and only takes a few minutes. Tap Checkout, then review your shipping address to make sure its correct. Are you sure that email was from paypal and not a spoof? the payment will typically be available to you within 21 days after receipt (the funds may not be released until later in the day). 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. 3. Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. All you have to do is link your Depop, Poshmark, and Mercari accounts to the app. 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. If people like your listings as they might like an image on Instagram, you can offer it to them. According to the Social Commerce Report, over 60 million Poshmark users buy and sell through their platform. Find out more about Depop Payments byheading over to our Help Centre. Using a tracked shipping method is the ideal way of sending your orders. Sell safely with Depops Seller Protection Policy and ship as soon as the sale has gone through. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Streetwear. Then I sent them this. A 10% Depop fee is charged on the total transaction amount (including shipping costs). Vintage. Selling your clothes and shoes online is easy, like using an online consignment store. You should respond within 24 hours to resolve it quickly before asking for Depop's help should you unsuccessfully find a resolution with the buyer. 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. Simply head in-app, go to the Selling hub and tap the banner. Thats all there is to it. Whatever your style. Its not a bad way to do it, because you wont get notices about offers; the potential customer has to interact with you. 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. Note: Be aware that any sale of confirmed counterfeit items, PayPal and Depop may not be able to arrange or facilitate a return. 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. Your own wardrobe - old, new, clothes you no longer wear, or items you want to give a new home to make space. To send a partial refund, choose the Partial refund tab instead and type in the amount you'd like to refund. 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. Ensure to ship orders to the address on the Depop receipt. i have $97 in there. As a seller, will Depop payments really be better than using PayPal? This content may be old or outdated. Depop started out using paypal to process virtually all transactions, so every sale you made would be sent instantly into your paypal account. It may be worth investing into an authentication service for higher priced or luxury items. 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. It seems like buyers prefer to haggle more on Poshmark. Review the information and click Issue Refund. Banking services provided by Piermont Bank, Member FDIC. I'm not sure if depop only send the money once the buyer has received their item. Click the Settings icon at the top of the page. Here are some vital facts and figures about how Depop works today. The price of an item is another factor that dramatically affects your potential buyer's purchase decision. Listing on Depop is simple and easy. Your item is listed on Depop's prohibited items list. More payment options mean even more potential customers for your shop. Its better to curate your collections to ensure youre delivering what each group will want to buy. DEPOP PAYMENTS ONLY. 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. #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 Tap the Search tab at the bottom of the app to search for items and find exactly what youre looking for. Its more like a social media platform, where buyers see things because they liked them or if they follow you. Depop doesnt promote items as Poshmark does. Please read rules before posting. Designer. Find it on Depop. Depop payments is required for eligible sellers however you can still use paypal! For those who are already on our newsletter list (wait, you arent? Depop Selling Fees For each item sold, Depop automatically charges a standard 10% fee on the total transaction amount including the cost of shipping. Only you should NEVER send an item before the funds are showing in your paypal account balance. Youre set well email you a receipt with details about your purchase, and your seller will ship your new item to your address. 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. Many Depop sellers do this to reach more audiences, making their chances of coming across the right buyer for their item higher. UPDATE: Updated depop payments shipping tutorial! This move means that depop and their users (buyers/sellers) have a lot more flexibility in how payments work. 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. Even then, Poshmark has up to three days after delivery to release the funds. 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. 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. PayPal has merchant fees that you'll incur, further cutting into your profits. Payment Depot offers 24/7 customer support via phone and email. If you love shopping at thrift stores, youll love browsing Poshmark and Depop online. For any item that sells for less than $15, they take $2.95. All youll need to do is to enter your name, address, phone number and date of birth. I have already shipped the item to the buyer but haven't had any money through. Its easy to list items on both Poshmark and Depop. For American sellers, they take an additional 2.9% fee plus $0.30. But if youre trying to browse, you might feel overwhelmed with this visual. Signed up already? We walk you through how to ship on your own step-by-step in the next article. When you buy online, youre supporting people instead of companies with poor working conditions. Poshmark fees are set. You know what theyre going to take, so you can price your items accordingly. Streetwear. As a seller, will Depop payments really be better than using PayPal? You can even find bags, purses, make-up, and other accessories on Poshmark. But there are still some benefits to choosing one platform over the other. If the buyer chooses to pay with Depop payments instead, the fees will be 2.9% + $0.30. 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 Selling Fees Poshmark also levies standard selling fees. 2. Therefore, taking commission is how these companies make money. Trainers. What is that? No matter your reason for joining the platform, making more money is definitely a driving force. But you'll only be charged for the items that get sold on Depop. Length 10 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.