Theres no harm in listing the same items on both sites. I get alot of questions when it comes to depop and paypal fees. You will also be charged a standard transaction fee by either of PayPal or Depop Payments of around 2.9% + /0.30. All UK sellers will need to sign up by 8th December 2021 to continue listing. You can read our depop fee guide here to learn more about depop fees. The email was actually from depop so I think it is real, they also messaged me on the app to say the same thing. NO PAYPAL. This pushes the algorithm to share your listings with more people on the app. 2019-2023 All rights reserved. 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). Depop transfer to PayPal - PayPal Community 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. Once shipped, keep your buyer updated. Depop fees: No listing fee, 10% seller fee to Depop, PayPal transaction fee of 2.9% + $0.30. welcome to another Depop video!! 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. 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. Poshmark has a set shipping fee of $7.45. While the framework of both sites is similar, you may wonder which is better in terms of Depop vs Poshmark. Lets compare the two fees based on the sales price. 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. Join our list at the bottom of this page!) I hope you love this video and it helps you lots. Banking services provided by Piermont Bank, Member FDIC. Feb-22-2020 01:57 AM. Verify your information with Paypal (banks, cards, email, etc). Sellers set their shipping on Depop, which means you might find some that offer free shipping. 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. Trainers. 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) Once you sign up to use the platform, you can start uploading items to your shop. There are no surprises when youre getting paid out. Overall, I cant say theres a set pro or con with this feature on Poshmark. Depop Payments vs Paypal : r/Depop - reddit W for me today after 10 incompetent depop support representatives finally got someone to review my account suspension. 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. PayPal has merchant fees that you'll incur, further cutting into your profits. All you have to do is create a draft once, and you can effortlessly cross-list to any platform that our team has integrated. The fee will be taken from your connected PayPal account or the card you are using on your Depop account. In addition to this, you can decide on a reasonable price but let your buyers know that you accept offers. You can save money on the clothes and even with shipping costs. 98. r/Depop. As a seller, you will now be able to get the money straight from Depop to your bank account (after a few business days). You can set filters to certain sizes, categories, conditions, colors, brands, and, of course, prices. Designer. Find out more about Depop Payments byheading over to our Help Centre. Thats a huge community, so if youre looking for the perfect item, you have a great chance of finding it. Whether you want to buy or sell on Depop (or both), the first thing youll need to do is set up an account. Poshmark is a trademark of Poshmark, Inc. Reseller Assistant is not endorsed, affiliated or certified by Poshmark Inc. Best Poshmark Pricing and Selling Fees Guide, Reseller Assistants Black Friday Event 2020, How to Increase Poshmark Sales (Ultimate Guide 2022), How To Host a Poshmark Party: A Step-By-Step Guide. Super fkn cute Japanese gyaru brand D.I.A low rise pleated black miniskirt with the coolest gold chain and zipper details. Whatever your style. Ive sold on both and also browse the two to buy stuff so I can show you the ins and outs of what works. While some use stock photos, it is always a good practice to use yours. When will I know if I am going to receive the payment? To access the items youve liked or saved, go to Profile > Likes or Profile > Saved. Depop payments takes about 2 working days to process your payment before it is sent to your bank 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. Both offer different things so its up to your personal preference. Rag houses, outdoor markets, vintage shops, car boot/garage sales, charity and thrift stores are great sources of stock for your Depop shop. When a buyer has made a purchase, the seller then receives payment and must ship the item to their buyer. But they might integrate the price of shipping into the item itself. I have already shipped the item to the buyer but haven't had any money through. When it comes to commission taken, Poshmark is the winner. You made the transaction outside of the platform. Buyers canbrowse the app, search for specific items and find your shop. While it is still new and people may run into hiccups, the most positive part of the new Depop payments is the lesser fees. - Ship With Depop: Ship through Depop with USPS (mainland USA only). PayPal features and capabilities Like Payment Depot, PayPal can handle a variety of transactions, both in person and online. But online platforms like Poshmark and Depop arent selling items themselves. Ill go in-depth into how to sell and buy through each company, whether youre using the website or the mobile app. You fail to respond to Depop's emails within the timeframe. For example, I remember being able to use the pending deposit from a sale on Paypal towards paying for the shipping label. Depending on which methods your seller accepts, you can check out using either of these options. Lets start by introducing what Depop is. Always keep your proof of shipping and delivery. When you want to cash out, Depop pays through your PayPal account or Stripe. Depop Payments lets buyers use Apple Pay, Google Pay, credit and debit cards, as well as Paypal to shop on Depop. If you still have any questions at all please feel free to comment and i will be happy to answer. This content may be old or outdated. If youre going to shop a lot on either app, its worth saving some filters so youll only see items that fit you. Your Depop and Paypal Payment Issues Solved - Fulfilled Merchant Read on and learn how to save your Depop listing and your earnings. Depop Payments will become a requirement for selling on Depop. The chains have DIA charms on them 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). They later expanded into childrens and mens clothes. I'm not sure if depop only send the money once the buyer has received their item. Poshmark sells contemporary, name-brand clothes at good deals. Here's how to refund a payment: Go to your Activity. Depop A major plus for Depop payments is that you get the money as soon as your item sells. Or maybe youre looking for styles that are 100% you? Find it on Depop. For any item that sells for less than $15, they take $2.95. If you sell it for $15 or more, then Poshmark takes 20% commission. 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. You know what theyre going to take, so you can price your items accordingly. Depop doesnt promote items as Poshmark does. - 30M+ registered users in over 150 countries, - 32M+ items are available for sale on Depop, - $1 Billion made by the Depop community to date. 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. DEPOP & DEPOP PAYMENTS SHIPPING VIDEO: https://youtu.be/jKjUcMXcKk. 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. How you do this varies by where youre located. You have a general idea about how much you can actually make per sale, based on the Poshmark vs Depop commissions. Here is how joining Depop works, step by step. Depop Payments - Ultimate Guide - SellerAider The focus on Depop is for vintage items instead of upscale current fashions. Preloved. Depop payment via paypal. 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!! Depop Fees . First, it qualifies you to Depop seller protection. Not only does it keep your account safe, but it also protects you from disputes and chargebacks. How do I issue a refund? - PayPal Instead, they have to DM you directly. If you sell something less than $15 on Poshmark, they take a $2.95 fee. It can also handle contactless pay, a feature PayPal lacks. Designer. 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. Theyre only providing an outlet for individuals to use. For American sellers, they take an additional 2.9% fee plus $0.30. But don't worry, How To Pack & Ship An Xbox (With Pictures). If you can, try to settle the issue with the buyer first to prevent an issue from being raised with PayPal. All zippers fully functional. If youre looking for those types of things, youre better off shopping on eBay, which is more like a general online thrift store. 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. If youre selling an item on Poshmark for more than $15, the company takes a 20% commission fee. We walk you through how to ship on your own step-by-step in the next article. This tactic can be a great way to maximize sales by interacting with potential customers. - Ship With Depop Dropoff': Ship through Depop with Hermes, dropping off your parcel at one of their dropoff points (Mainland UK only - England, Wales, Isle of Wight, Isle of Man, Scotland excluding the Scottish Highlands). If youre selling a bundle, both PayPal and Depop payments will charge the $0.49 and $0.30 once. 3. I one hundred percent agree and hate Depop payments because of the withholding process. 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. Your sales will now be deposited in your bank account rather than you having to go through paypal. There are so many sites available, but they all have their pros and cons. Shipping is a crucial part of finalizing your sale. Youre set well email you a receipt with details about your purchase, and your seller will ship your new item to your address. Depop, based in London, began in 2011. 2. Be sure to read through its description and check the sizing to be sure its what youre looking for. However, you have to look more into what youll actually make from Depop. For a business to succeed, having a fully equipped and knowledgeable seller is a must. Promptly answer Depop's emails in the given timeframe. How does Depop work? - Depop Blog Here youll find a curated selection of items we think youll love. yea i prefer PayPal because depop payments still hasn't paid out to my credit card & i made my first sale january 8th . This move means that depop and their users (buyers/sellers) have a lot more flexibility in how payments work. Its growth shows now signs of slowing and has been accelerated even more since its aquisition by the marketplace etsy. Messaging sellers and shipping vary depending on if youre using Depop vs Poshmark. 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!! The fashion industry produces a lot of clothing waste every year. This will ensure that you can always refund buyers when necessary. Depop Payments: More ways to get paid - Depop Blog Find it on Depop. Now that Depop partnered with Stripe, which is PayPals competitor, it opens more options for both sellers and buyers. Trainers. 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. You can learn more about how Depop fees work in our help centre article. Tap Buy, then the shopping bag icon in the top right corner. 26 days ago. Here well break down how shipping works in the UK and the US. Hey my sweets!! That also gives you a huge audience of potential customers who want to shop your closet. But what about getting your hands on the money youve earned? Hi does anyone know how to verify your PayPal account for selling items on depop? However, unlike Poshmark, Depop charges you additional fees. You have a home feed that shows you items similar to what youve previously liked or bought. In any business, including online selling, creating a seamless and good buyer experience is an essential part. Theres an app for that and if youve set up your Depop account, youre already on it. A 10% Depop fee is charged on the total transaction amount (including shipping costs). You can do so on the app, or depop.com. thats a major concern. The Simple Guide to Depop Shipping your Sales - OneShop For more information on shipping, check out our shipping guide. Depop has unique, vintage, and rare clothes like youd find at a cool thrift store. For sellers in the United Kingdom, that fee increases to 3.4% and an additional 0.30. Streetwear. When you sell clothes online, youre earning a little money back from what youve spent. Select your Payment Type. When it comes to buying, Poshmark wins for having such a variety available. Only you should NEVER send an item before the funds are showing in your paypal account balance. Again, this might seem steep, but you can do the math before you list an item and get a general idea of your profit. Want to discover your next favorite thing? 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. 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). There are different marketplaces on the internet nowadays. Just as with listing items, its worth knowing what youre going to get on each platform.