For example, I remember being able to use the pending deposit from a sale on Paypal towards paying for the shipping label. Depop Limited is simply the formal legal name of the Depop company. Join our list at the bottom of this page!) 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. That's a big change from instant isn't it ? As a seller, will Depop payments really be better than using PayPal? In addition to this, you can decide on a reasonable price but let your buyers know that you accept offers. 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. Buyers canbrowse the app, search for specific items and find your shop. This is a place to explore unique fashion and be part of a community-driven zeitgeist thats shaping culture for the better. Review the information and click Issue Refund. Trainers. 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. They have to pay Depop for the shipping label, so you might end up with that cost. Poshmark fees are set. Once you sign up to use the platform, you can start uploading items to your shop. Interested in selling on Depop? By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. You can use a crosslisting app here to automatically list from depop to other marketplaces like vinted, ebay, poshmark and more! Find it on Depop. Designer. Depop Payments will empower sellers to increase their chances of selling by giving buyers more ways to pay. Sold through Depop Payments If the item was sold and paid using Depop Payments, you could settle any issues with your transaction through Depop. In other words: the easier it is for people to pay you, the more likely it is that youll get paid. Choose the transaction you'd like to refund, then tap Refund, For a full refund, select the Full refund tab. Depop A major plus for Depop payments is that you get the money as soon as your item sells. If you sell on depop the only other option is to branch out to other marketplaces. Instead, they have to DM you directly. Fees on Depop are very straightforward. Depop is like that hip thrift store in your city. If you were hoping for a large reduction in fees as a result we are sorry to dissapoint you! Some sellers will offer international shipping and some wont - buyers can message them to ask for more info. Select your Payment Type. 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. 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 dont need to select buyer or seller when you set up - every user is able to do both from the moment theyve registered. 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. Messaging sellers and shipping vary depending on if youre using Depop vs Poshmark. That covers everything you need to know about how Depop works. Please read rules before posting. A sub for discussing all things Depop. 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. Always keep your proof of shipping and delivery. To do this, it is your responsibility to ensure that they don't encounter any issues with the item they ordered from you. 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. 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! 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. This pushes the algorithm to share your listings with more people on the app. When you want to cash out, Depop pays through your PayPal account or Stripe. Hi does anyone know how to verify your PayPal account for selling items on depop? Check out our Depop payments blog for further details. 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? Whatever your style. Each PayPal transaction currently costs 3.49% + $0.49. 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. You should: One of the most valuable characteristics of a trustworthy seller is being honest. Ive sold on both and also browse the two to buy stuff so I can show you the ins and outs of what works. However, the site maximizes this option by giving you the ability to offer your item in return. If people like your listings as they might like an image on Instagram, you can offer it to them. - Next youll choose your username and a strong password, to keep your account safe. When it comes to buying, Poshmark wins for having such a variety available. Payments that are sent to paypal will typically be instant and you can often use your money as soon as it arrives. 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. Overall, I cant say theres a set pro or con with this feature on Poshmark. 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!) * have frontal try on in another listing, All purchases through Depop are covered by Buyer Protection. All youll need to do is to enter your name, address, phone number and date of birth. You are viewing the PayPal Community Archives. You should find ways to have an advantage over other sellers with the same item. While it is still new and people may run into hiccups, the most positive part of the new Depop payments is the lesser fees. Depop fees: No listing fee, 10% seller fee to Depop, PayPal transaction fee of 2.9% + $0.30. Both offer different things so its up to your personal preference. Youll benefit from taking better pictures, having a title that shares a lot of information, and a competitive listing price. NO PAYPAL. But don't worry, How To Pack & Ship An Xbox (With Pictures). Signed up already? However, sometimes tiny details get missed, which is understandable as long as you are willing to correct the mistake and make amends. Streetwear. When you sell an item, Depop will automatically charge the 10% fee on the total transaction amount (including shipping costs). 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. You know what theyre going to take, so you can price your items accordingly. When you want to cash out, Depop pays through your PayPal account or Stripe. Tap Buy, then the shopping bag icon in the top right corner. We will exclude shipping costs since that is variable based on the item youre shipping. It simply means that in a $100 item sold, $10 goes to Depop. 2019-2023 All rights reserved. But there are still some benefits to choosing one platform over the other. 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. Posh Parties revolve around themes, like certain styles or accessories, and you can see new sellers and items that way. Depop is a global marketplace, and we want to be the worlds most progressive and diverse home for fashion. 4. The standard depop fee remains the same at 10% and they will charge processing/transaction fees, thats it. Shopping on Depop is like scrolling through Instagram. Or maybe you want to have a look around and see whats trending first? I also like to use filters so I see only what items will fit me. You can do so on the app, or depop.com. As a seller, will Depop payments really be better than using PayPal? Items like health and wellness products, home goods, or collectors items arent listed on Poshmarkits for fashion only. If you sell it for $15 or more, then Poshmark takes 20% commission. Payment Depot offers 24/7 customer support via phone and email. 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. From the Home icon, tap My DNA. The fashion industry produces a lot of clothing waste every year. Stripe has similar fees, so youre not really making as much from Depop as you initially think. That way, the payment should come through as normal once this action is completed. welcome to. What you should care about as a depop seller is if depop payments will increase your sales! 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. While some use stock photos, it is always a good practice to use yours. Only you should NEVER send an item before the funds are showing in your paypal account balance. Vintage. This tactic can be a great way to maximize sales by interacting with potential customers. You can buy clothes for men, women, and kids on Poshmark. A 10% Depop fee is charged on the total transaction amount (including shipping costs). For those who are already on our newsletter list (wait, you arent? Thanks for any help, Thank you. All you have to do is ask your buyer to return the item with tracked shipping. 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. Sellers set their shipping on Depop, which means you might find some that offer free shipping. Enter the amount you want to refund. Now that Depop partnered with Stripe, which is PayPals competitor, it opens more options for both sellers and buyers. 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. If youre looking for those types of things, youre better off shopping on eBay, which is more like a general online thrift store. 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. Using a tracked shipping method is the ideal way of sending your orders. You will also be charged a standard transaction fee by either of PayPal or Depop Payments of around 2.9% + /0.30. The focus on Depop is for vintage items instead of upscale current fashions. It seems like buyers prefer to haggle more on Poshmark. You have a general idea about how much you can actually make per sale, based on the Poshmark vs Depop commissions. Sellers list unique clothes, usually vintage but still trendy. 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. Since depop is commonly used via a mobile app the addition of mobile payment options like Apple Pay is going to be very good for business. 233. 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. Hey my sweets!! And second, you can use it as proof when issues against your item arise. 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). 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. Then, youll be able to plan ahead and come up with a fair price for every item you list in your closet. Poshmark has a set shipping fee of $7.45. link to Yes, USPS Regional Boxes Are Discontinued, link to How To Pack & Ship An Xbox (With Pictures). Its free to list your items in your shop and youll only be charged once an item is sold. 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. Depop, on the other hand, takes 10% on everything sold. Poshmark vs Mercari: Which is best for Sellers. When you first open Poshmark, you might not enjoy browsing. I think I have done all the steps to verify it but I haven't had anything to confirm this. Do thorough research on your item if you are unsure of its authenticity. Find it on Depop. Thank you so much for watching! 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 . Super fkn cute Japanese gyaru brand D.I.A low rise pleated black miniskirt with the coolest gold chain and zipper details. 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. According to the Social Commerce Report, over 60 million Poshmark users buy and sell through their platform. Even then, Poshmark has up to three days after delivery to release the funds. Or, message the seller of the item youre eyeing if you have any questions. Depop payments fees are relatively similar to paypal but it is somewhat easier to reason about. 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. On Poshmark, Ive gotten a lot more negotiations. That is why, before you venture into something, it is crucial to know the process of vending, what could cause problems, and how you could solve them.