This is a place to explore unique fashion and be part of a community-driven zeitgeist thats shaping culture for the better. Messaging sellers and shipping vary depending on if youre using Depop vs Poshmark. But how does this marketplace of buying and selling work? Sellers list unique clothes, usually vintage but still trendy. Depop Selling Fees For each item sold, Depop automatically charges a standard 10% fee on the total transaction amount including the cost of shipping. 233. I decide to make this video in hopes that it will clear up some questions for you. This pushes the algorithm to share your listings with more people on the app. 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. You will also be charged a standard transaction fee by either of PayPal or Depop Payments of around 2.9% + /0.30. Tap the Search tab at the bottom of the app to search for items and find exactly what youre looking for. Designer. Some sellers will offer international shipping and some wont - buyers can message them to ask for more info. 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. Promptly answer Depop's emails in the given timeframe. Our biggest sale of 2020! Suppose both parties did not arrive at a resolution. 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. 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. Here, you will enter your address. 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. 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. 3. Here youll find a curated selection of items we think youll love. 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. Depop will then conduct an evaluation to see whether your item is significantly not as described. You can read our depop fee guide here to learn more about depop fees. While it is still new and people may run into hiccups, the most positive part of the new Depop payments is the lesser fees. While some use stock photos, it is always a good practice to use yours. But theres a good chance you can find those items on Poshmark, too, so its an ideal first stop. But if youre trying to browse, you might feel overwhelmed with this visual. PayPal has merchant fees that youll incur, further cutting into your profits. Remember that the competition on marketplaces like Depop is tough. Buyers canbrowse the app, search for specific items and find your shop. Ill still make sales, but its rarely at my set price. 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. Go to www.paypal.com/uk and log in to your account. For example, if you are in the US, the standard Paypal fee is around 3.49% + $0.49. Depop doesnt promote items as Poshmark does. Whatever your style. Designer. 3. Depop does not have subscription or listing fees but they charge a 10% flat rate on every item sold. Only you should NEVER send an item before the funds are showing in your paypal account balance. Enter your routing (nine numbers) and checking number to complete. the payment will typically be available to you within 21 days after receipt (the funds may not be released until later in the day). - Select a photo to represent your account - thisll be how other buyers and sellers see you around Depop. 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. Hey my sweets!! All zippers fully functional. Heres our easy guide to the ins and outs of selling on Depop. 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 . 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!) Even then, Poshmark has up to three days after delivery to release the funds. Otherwise, you will have to log in on a browser. On Poshmark, Ive gotten a lot more negotiations. Has it gotten fixed for you yet? Work-flow can help the Cash-Flow. Depop payment: Get paid via PayPal or through Stripe using Depop Payments. 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. If you sell something less than $15 on Poshmark, they take a $2.95 fee. Depop has been working on a new payment method for what seems like years and years. That way, the payment should come through as normal once this action is completed. 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. 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. Ill go in-depth into how to sell and buy through each company, whether youre using the website or the mobile app. Follow these steps when youre ready to checkout: 1. 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. 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. Offering free shipping is a plus, too, if you want to sell your item faster. Always keep your proof of shipping and delivery. It is finally here! You can learn more about how Depop fees work in our help centre article. Review the information and click Issue Refund. You can set filters to certain sizes, categories, conditions, colors, brands, and, of course, prices. This move means that depop and their users (buyers/sellers) have a lot more flexibility in how payments work. You can like items, comment on listing, and follow certain sellers so you see more of them. Vintage. 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. Depending on which methods your seller accepts, you can check out using either of these options. If youre going to shop a lot on either app, its worth saving some filters so youll only see items that fit you. Slightly stretchy too! Or view our blog on making money at Depop for broader tips and information. Depop started out using paypal to process virtually all transactions, so every sale you made would be sent instantly into your paypal account. Lets face it most online shopping isnt always the most deliberate/thought through process, so any uneccessary friction will result in buyers leaving. Strictly keep all your transactions in-app while using Depop Payments. Each PayPal transaction currently costs 3.49% + $0.49. 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. Now you know to price your item for more than $5 so you make more money. Poshmark, based in California, began in 2011. 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. As a buyer, you can now pay through Apple Pay, Google Pay, and your credit or debit cards. For more information, please see our 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. Press question mark to learn the rest of the keyboard shortcuts. and you should because it increases your options. Depop is like that hip thrift store in your city. The fee will be taken from your connected PayPal account or the card you are using on your Depop account. Sold through Depop Payments If the item was sold and paid using Depop Payments, you could settle any issues with your transaction through Depop. Trainers. Depop payments will be around for a long while whether you prefer it as a seller or not. 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 . It can also handle contactless pay, a feature PayPal lacks. That also gives you a huge audience of potential customers who want to shop your closet. 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. Before you price an item, you can guarantee that Poshmark takes $2.95 of the profit. Here are a few to start: 1. 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. If the item is brand new, check the retail price or similar brand new listings as yours and take it from there. To do this, it is your responsibility to ensure that they don't encounter any issues with the item they ordered from you. 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. Read Next: How to Ship on Your Own on Depop, Yes, USPS Regional Boxes Are Discontinued. 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. As a seller, will Depop payments really be better than using PayPal? Overall, I cant say theres a set pro or con with this feature on Poshmark. It doesn't appear in any feeds, and anyone with a direct link to it will see a message like this one. Depop, based in London, began in 2011. Super fkn cute Japanese gyaru brand D.I.A low rise pleated black miniskirt with the coolest gold chain and zipper details. 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. If the buyer chooses to pay with Depop payments instead, the fees will be 2.9% + $0.30. 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. Depop Payments will empower sellers to increase their chances of selling by giving buyers more ways to pay. Please read rules before posting. All US sellers will need to sign up by 10 January 2022. Your item is listed on Depop's prohibited items list. Weve even seen eBay make a move to do something similar with eBay managed payments for very similar reasons. The 10% fee is not a listing fee nor a subscription fee from Depop. You are viewing the PayPal Community Archives. If you sell it for $15 or more, then Poshmark takes 20% commission. You can use Apple Pay, Google Pay, Paypal, credit and debit cards. That covers everything you need to know about how Depop works. Its hard to choose a winner when it comes to payment with Depop vs Poshmark. Streetwear. Its more like a social media platform, where buyers see things because they liked them or if they follow you. You can do so on the app, or depop.com. Youre set well email you a receipt with details about your purchase, and your seller will ship your new item to your address. yea i prefer PayPal because depop payments still hasn't paid out to my credit card & i made my first sale january 8th . There is also a standard PayPal transaction fee of 2.9% + 0.30 in the UK and 2.9% + $0.30 in the US. Arranging a return is easy. Or, message the seller of the item youre eyeing if you have any questions. 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. LOVE YOU LOTS! Read on.. Well, as you know our virtual assistants are amazing at, Read More eBay Cross-Listing Service LaunchContinue. There are a couple of different ways to browse Depop, whatever youre looking for. Its free to list your items in your shop and youll only be charged once an item is sold. 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. If people like your listings as they might like an image on Instagram, you can offer it to them. For American sellers, they take an additional 2.9% fee plus $0.30. When it comes to shopping ease, Depop is the clear winner. One of the easiest ways to save on costs is by saving on your shipping cost. 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. You might see a 2-3 day difference in processing times depending on your bank. Designer. Items sold via PayPal follow a different way of solving the dispute. If youre selling a bundle, both PayPal and Depop payments will charge the $0.49 and $0.30 once. You might feel like youre getting a deal on clothes, but dont forget shipping costs. 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. Theyre transparent about their fees and dont take portions of the shipping cost. Your sales will now be deposited in your bank account rather than you having to go through paypal. 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!! When a dispute like this arises, you must do the following: Being obedient to Depop's policies is important. Instead, they have to DM you directly. However, pricing your item right doesn't mean that you should compromise your earnings. Once youve got some items ready, its time to list them. Most sellers get excited when they see the Depop selling fees are just 10%, regardless of how much the item sells for. And thats it - youre now all ready to start buying, selling or doing both on Depop. For more information on making the seller process smooth for your buyers, visitour top customer service tips article. DEPOP PAYMENTS ONLY. Streetwear. Ship your item using tracked postage that can show confirmation of delivery to the buyers' address. Leave the Archive. Sell safely with Depops Seller Protection Policy and ship as soon as the sale has gone through. If you choose to cash out, the money transfers to your linked bank account with no additional fees incurred. Click the Settings icon at the top of the page. 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! For a business to succeed, having a fully equipped and knowledgeable seller is a must. Read on and learn how to save your Depop listing and your earnings. Whether you want to buy or sell on Depop (or both), the first thing youll need to do is set up an account. 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. 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. Depop is the fashion marketplace app where the next generation comes to discover unique items. 98. r/Depop. Its a new feature which is required for selling now, but you can put a disclaimer that you prefer PayPal in your listings/bio. Ready to get started and try it for yourself? When you sell clothes online, youre earning a little money back from what youve spent. When it comes to commission taken, Poshmark is the winner. 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. - 30M+ registered users in over 150 countries, - 32M+ items are available for sale on Depop, - $1 Billion made by the Depop community to date. This applies more so if they do not already have a paypal account. You have a home feed that shows you items similar to what youve previously liked or bought. Payments that are sent to paypal will typically be instant and you can often use your money as soon as it arrives. - Add the correct category, location, condition and item price. Once shipped, keep your buyer updated. I one hundred percent agree and hate Depop payments because of the withholding process. While some have a specific budget to follow, some would also consider buying an item if it is reasonably priced. Improved payment experience Payment Depot offers 24/7 customer support via phone and email. But there are still some benefits to choosing one platform over the other. Since that time, Poshmark has even branched out into non-clothing and accessory items to include products for pets as well as home items. However, sometimes tiny details get missed, which is understandable as long as you are willing to correct the mistake and make amends. 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!! From discovering unique items to new looks youll love consider the apps Explore tab as your launching point to doing it all. You can issue a full or partial refund within 180 days of the original payment date. You can submit items to Posh Parties, but its also great when people like or comment on your items. I'm not sure if depop only send the money once the buyer has received their item. If y'all remember I posted how I got banned for hashtags that were FINE. For sellers in the United Kingdom, that fee increases to 3.4% and an additional 0.30. DEPOP PAYMENTS ONLY. Rather than shipping with Depop, choose to ship the item yourself and buy discounted postage. Depop is about celebrating creativity by wearing it. If youre specifically looking for vintage, you might have better luck on Depop. Thank you so much for watching! Explore is a great place to start looking for unique fashion on Depop. Etsy vs Depop: How Much Can You Earn Preloved. Select your Payment Type. 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. Signed up already? If you're looking to ship using USPS Regional boxes, you will no longer have the option to send them at Regional Rates. Poshmark offers sellers tools to help your listings reach the right audience. You will need to have a valid PayPal account linked to your Depop account in order to buy or sell items . Our global community buys, sells and connects to make fashion more inclusive, diverse and less wasteful. Lets compare the two fees based on the sales price. All you have to do is sign up here, and we will text you the link to the app. Depop payments fees are relatively similar to paypal but it is somewhat easier to reason about. Youre set. It started as a social network, like an innovative magazine. You will click on Get started. This is because it reduces the chances of a user abandoning their cart because they find it to be too much of a hassle to go through paypal. 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. When it comes to the types of fashion listed, theres no clear winner in Depop vs Poshmark. To provide a good customer experience, remember to ensure that the item is clean before you pack it. 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. Some sellers offer discounted shipping if you order more than one item from their shop. If you're smart about how you ship things, then you'll make more money selling on Depop because of the lower fee. Hi does anyone know how to verify your PayPal account for selling items on depop? But, take note that not all buyers are the same. Furthermore, the OneShop app gives you access to a helpful and fun community when you sign-up. You can buy clothes for men, women, and kids on Poshmark. 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. Each PayPal transaction currently costs 3.49% + $0.49. OneShop is a financial technology company, not a bank. This app is especially popular in countries like Australia, New Zealand, the United Kingdom, and of course, the United States. 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. All you have to do is ask your buyer to return the item with tracked shipping. 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. Depop is all about community - its the buyers and sellers who use Depop who make it such a great place. Here are some vital facts and figures about how Depop works today. Sell your old clothes and replace them with new-to-you, secondhand finds. 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. Both are straightforward and simple to do. Depop has unique, vintage, and rare clothes like youd find at a cool thrift store. welcome to. 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. To send a partial refund, choose the Partial refund tab instead and type in the amount you'd like to refund. Vintage. Join our list at the bottom of this page!) Connect your Depop account to the Paypal account you will be using. If the buyer chooses to pay with Depop payments instead, the fees will be 2.9% + $0.30. Very upsetting. Depop payment via paypal. welcome to another Depop video!! You know what theyre going to take, so you can price your items accordingly. We did touch on this a bit previously but depop payments can increase your sales because you will be giving your potential buyers more options to pay. This will ensure that you can always refund buyers when necessary. Be sure to read through its description and check the sizing to be sure its what youre looking for. As a buyer using Depop, you can find items to purchase by browsing the app or searching for specific products or styles. The business itself is expanding and now has offices in Milan, New York City, and Manchester. In addition to this, you can decide on a reasonable price but let your buyers know that you accept offers. Depop doesnt have an option for people to make offers on your items. Shoot your item on a clear background to keep your buyer's attention on the item. But what about getting your hands on the money youve earned? When you receive a dispute, always resolve it with the buyer before involving Depop. and our Scroll down and tap Edit My DNA to add the styles, brands and sizes you want to see. Stripe has similar fees, so youre not really making as much from Depop as you initially think. Rag houses, outdoor markets, vintage shops, car boot/garage sales, charity and thrift stores are great sources of stock for your Depop shop. After this, Depop will mediate a resolution between yourself and the buyer. 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. Posh Parties revolve around themes, like certain styles or accessories, and you can see new sellers and items that way. We will also assume that it is individual listings, rather than bundles. Buying on Depop is not complicated. You can save money on the clothes and even with shipping costs. It will take longer for your money to reach your bank account with depop payments. Poshmark has customer protections in place that make it a trustworthy company but can be frustrating if you need cash now. I miss those simple PayPal instant payments I can't trust Depop withholding money for an uncertain amount of time. Answer: Depop fees / Why have I been charged? You have to wait with Poshmark, but you wont pay fees to access your own money. Many customers might make a cheap offer just to see what they can get. Shipping is a crucial part of finalizing your sale. Or maybe you want to have a look around and see whats trending first? 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. All zippers fully functional. Thanks for any help, Thank you. All you have to do is link your Depop, Poshmark, and Mercari accounts to the app. - 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. By browsing this website, you consent to the use of cookies. Payment Depot credit card processing works for mobile, terminal, ecommerce, and POS transactions. 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. 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. For any item that sells for less than $15, they take $2.95. 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. Depop is a global marketplace, and we want to be the worlds most progressive and diverse home for fashion. Scan this QR code to download the app now. If you sell on depop the only other option is to branch out to other marketplaces. 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. You can even find bags, purses, make-up, and other accessories on Poshmark. Create an account to follow your favorite communities and start taking part in conversations. Its better to curate your collections to ensure youre delivering what each group will want to buy. Buyers and sellers live around the world. Also read: Poshmark vs Mercari: Which is best for Sellers? 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. Join. How you do this varies by where youre located. More payment options mean even more potential customers for your shop. 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. Both offer different things so its up to your personal preference. * have frontal try on in another listing, All purchases through Depop are covered by Buyer Protection.