Believe it or not, theres also a difference when youre buying on each site. I hope you love this video and it helps you lots. Furthermore, the OneShop app gives you access to a helpful and fun community when you sign-up. You fail to respond to Depop's emails within the timeframe. DEPOP & DEPOP PAYMENTS SHIPPING VIDEO: https://youtu.be/jKjUcMXcKk. 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. Select the payment you want to refund and click Issue a refund. Shipping is a crucial part of finalizing your sale. Both are straightforward and simple to do. Payment Depot offers 24/7 customer support via phone and email. You can source stock to sell on Depop from a lot of different places. Trainers. 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! If you were hoping for a large reduction in fees as a result we are sorry to dissapoint you! Be on top of this by keeping an eye on your email for any letter coming from PayPal. I one hundred percent agree and hate Depop payments because of the withholding process. LOVE YOU LOTS! 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. Enter your routing (nine numbers) and checking number to complete. Ive sold my clothes on both Poshmark and Depop. Hey my sweets!! Whatever your style. Length 10 - 'Ship With Depop Courier collect': Ship through Depop with Hermes collecting your parcel from your address (Mainland UK only - England, Wales, Isle of Wight, Isle of Man, Scotland excluding the Scottish Highlands) For more information check out our help centre. However, unlike Poshmark, Depop charges you additional fees. Its easy to list items on both Poshmark and Depop. I one hundred percent agree and hate Depop payments because of the withholding process. However, pricing your item right doesn't mean that you should compromise your earnings. Are you sure that email was from paypal and not a spoof? Poshmark vs Mercari: Which is best for Sellers. Ive sold on both and also browse the two to buy stuff so I can show you the ins and outs of what works. Most of the clothes are new and gently used, though some are vintage. You dont need to select buyer or seller when you set up - every user is able to do both from the moment theyve registered. Your shops page should now have a red banner where you will be able to enter your bank details. Please note that transaction fees may vary based on your location and PayPal account setup. Lets face it most online shopping isnt always the most deliberate/thought through process, so any uneccessary friction will result in buyers leaving. - First, download the Depop app in the App Store or Google Play. But don't worry, How To Pack & Ship An Xbox (With Pictures). If the buyer chooses to pay with Depop payments instead, the fees will be 2.9% + $0.30. One of the practical tricks to do this is by cross-listing. The business itself is expanding and now has offices in Milan, New York City, and Manchester. Thanks for any help, Thank you. The introduction of depop payments is not surprising as a large marketplace cannot rely on an external payment service like paypal forever, many popular marketplaces handle their own payment processing or are at least more involved in the process. It may be worth investing into an authentication service for higher priced or luxury items. All you have to do is ask your buyer to return the item with tracked shipping. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 2019-2023 All rights reserved. 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. 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. The OneShop Money Mastercard Debit Card is issued by Piermont Bank, Member FDIC. Poshmark is the thrift store where people are selling brand name items that you can get for a deal. Being familiar with the know-how of your business can save you from tons of problems that could arise when you don't do well in selling and dealing with customers. You must also include a return address if your item is requested to be sent back to you. It can be frustrating to check your messages and get excited about an offer on an item, only to see the customer wants it for an incredibly low price! What you should care about as a depop seller is if depop payments will increase your sales! 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 . Follow these steps when youre ready to checkout: 1. Why don't you give this a go for me by following these steps? Its the platform for individuals to resell their clothes, shoes, and accessories. Poshmark has an option for people to make offers for your items, similar to bidding on eBay. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. However, the site maximizes this option by giving you the ability to offer your item in return. 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? Vintage. Youll benefit from taking better pictures, having a title that shares a lot of information, and a competitive listing price. You will need to have a valid PayPal account linked to your Depop account in order to buy or sell items . Also read: Poshmark vs Mercari: Which is best for Sellers? When you save your size, the algorithm only shows you that size. Depop Payments will empower sellers to increase their chances of selling by giving buyers more ways to pay. Listings that feature things for your home have grown exponentially since the platform, Read More What Poshmark Home Items Should I Sell?Continue, Poshmark is an excellent online marketplace to sell your unique clothing items. The standard depop fee remains the same at 10% and they will charge processing/transaction fees, thats it. To do this, it is your responsibility to ensure that they don't encounter any issues with the item they ordered from you. https://www.paypal.com/uk/smarthelp/article/how-do-i-verify-my-paypal-account-faq444?app=searchAutoC 1999-2023 PayPal, Inc. All rights reserved. Each site takes a different commission and has ways of promoting your items. 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. Shoot your item on a clear background to keep your buyer's attention on the item. Theres an app for that and if youve set up your Depop account, youre already on it. Here youll find a curated selection of items we think youll love. 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. Enter the amount you want to refund. PayPal also sometimes withholds your funds if you havent made a sale in a while. Many customers might make a cheap offer just to see what they can get. The 10% fee is not a listing fee nor a subscription fee from Depop. It is finally here! Both sites charge more for shipping internationally, but domestic purchases usually have a flat shipping rate. 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. The price of an item is another factor that dramatically affects your potential buyer's purchase decision. Price is high and FIRM as I dont mind keeping might take down later When it comes to commission taken, Poshmark is the winner. Our global community buys, sells and connects to make fashion more inclusive, diverse and less wasteful. More payment options mean even more potential customers for your shop. Very upsetting. It will show up on your bank statement when the seller fees are debited from your account. Tap the Search tab at the bottom of the app to search for items and find exactly what youre looking for. Poshmark has customer protections in place that make it a trustworthy company but can be frustrating if you need cash now. Designer. 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. A sub for discussing all things Depop. 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. 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!! We will also assume that it is individual listings, rather than bundles. 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). 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. Depop fees: No listing fee, 10% seller fee to Depop, PayPal transaction fee of 2.9% + $0.30. 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. 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. Sneakers. I also like to use filters so I see only what items will fit me. Youre set. Ill go in-depth into how to sell and buy through each company, whether youre using the website or the mobile app. The focus on Depop is for vintage items instead of upscale current fashions. Now you have the know-how on how selling at Depop works, and youre ready to get listing and start selling for yourself. Answer: Depop fees / Why have I been charged? 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. If youre debating Poshmark vs Depop, then check out this overview. While the framework of both sites is similar, you may wonder which is better in terms of Depop vs Poshmark. Your own wardrobe - old, new, clothes you no longer wear, or items you want to give a new home to make space. But for a partial refund, you will have to get in touch with Support so they can process a shipping label refund for you. Any online platform that allows individuals to sell items is going to take a commission; theres no way around it. Sellers set their shipping on Depop, which means you might find some that offer free shipping. Buying on Depop is not complicated. You can issue a full or partial refund within 180 days of the original payment date. Marked a size M but see measurements below Find it on Depop. Depop, on the other hand, takes 10% on everything sold. Even without a PayPal account, you are still covered by PayPal Buyer Protection if you use PayPal checkout. Your sales will now be deposited in your bank account rather than you having to go through paypal. Sell your old clothes and replace them with new-to-you, secondhand finds. 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. All youll need to do is to enter your name, address, phone number and date of birth. Its better to curate your collections to ensure youre delivering what each group will want to buy. 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. There are no surprises when youre getting paid out. Streetwear. 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. On Poshmark, Ive gotten a lot more negotiations. For American sellers, they take an additional 2.9% fee plus $0.30. 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.