You can like items, comment on listing, and follow certain sellers so you see more of them. Here's how to refund a payment: Go to your Activity. As a seller, will Depop payments really be better than using PayPal? Sure, Depop pays out immediately, but they take additional fees so youre not getting as much. The 10% fee is not a listing fee nor a subscription fee from Depop. Just as with listing items, its worth knowing what youre going to get on each platform. While the framework of both sites is similar, you may wonder which is better in terms of Depop vs Poshmark. People are more likely to buy and sell gently used clothing online through a clothing resale app. Thank you so much for watching! Feb-22-2020 01:57 AM. Your shops page should now have a red banner where you will be able to enter your bank details. Depop has now made a move to their own payment processing sytem powered by Stripe Connect. This way, if the refund gets delayed, it can be processed for them as long as they can provide proof of return. Here are a few to start: 1. You might see a 2-3 day difference in processing times depending on your bank. Designer. If the item was sold and paid using Depop Payments, you could settle any issues with your transaction through Depop. You will also be charged a standard transaction fee by either of PayPal or Depop Payments of around 2.9% + /0.30. If you can, try to settle the issue with the buyer first to prevent an issue from being raised with PayPal. Shop around by looking for the item, or something similar, on both apps before finalizing a purchase. The price of an item is another factor that dramatically affects your potential buyer's purchase decision. It seems like buyers prefer to haggle more on Poshmark. Find it on Depop. This will ensure that you can always refund buyers when necessary. Explore is a great place to start looking for unique fashion on Depop. 233. You know what theyre going to take, so you can price your items accordingly. You can learn more about how Depop fees work in our help centre article. Enter your routing (nine numbers) and checking number to complete. 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 . You will click on Get started. We offer both PayPal and Depop Payments to give our users more flexibility while buying and selling on Depop. The focus on Depop is for vintage items instead of upscale current fashions. I'm not sure if that's still applicable or if paypal was just weird and would allow that. To access the items youve liked or saved, go to Profile > Likes or Profile > Saved. 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. Lets face it most online shopping isnt always the most deliberate/thought through process, so any uneccessary friction will result in buyers leaving. What is that? Therefore, taking commission is how these companies make money. I decide to make this video in hopes that it will clear up some questions for you. Youll benefit from taking better pictures, having a title that shares a lot of information, and a competitive listing price. Ready to get started and try it for yourself? PayPal has merchant fees that you'll incur, further cutting into your profits. However, unlike Poshmark, Depop charges you additional fees. Tap the Search tab at the bottom of the app to search for items and find exactly what youre looking for. You can even find bags, purses, make-up, and other accessories on Poshmark. If youre selling a bundle, both PayPal and Depop payments will charge the $0.49 and $0.30 once. If you were hoping for a large reduction in fees as a result we are sorry to dissapoint you! Poshmark fees are set. You can source stock to sell on Depop from a lot of different places. 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. Here is how joining Depop works, step by step. While some have a specific budget to follow, some would also consider buying an item if it is reasonably priced. Even without a PayPal account, you are still covered by PayPal Buyer Protection if you use PayPal checkout. This is really simple and only takes a few minutes. Poshmark has an option for people to make offers for your items, similar to bidding on eBay. Shopping on Depop is like scrolling through Instagram. If youre going to shop a lot on either app, its worth saving some filters so youll only see items that fit you. Trainers. Payment Depot credit card processing works for mobile, terminal, ecommerce, and POS transactions. Lets go over it. Whatever your style. 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. Rag houses, outdoor markets, vintage shops, car boot/garage sales, charity and thrift stores are great sources of stock for your Depop shop. That's a big change from instant isn't it ? Please read rules before posting. Answer: Depop fees / Why have I been charged? 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. 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. But, take note that not all buyers are the same. You don't have to worry about getting paid after shipping the item or ensuring it's delivered. But for a partial refund, you will have to get in touch with Support so they can process a shipping label refund for you. DEPOP PAYMENTS ONLY. 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. Physical stores make money when people buy their products. What you should care about as a depop seller is if depop payments will increase your sales! 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. Improved payment experience When you sell an item, Depop will automatically charge the 10% fee on the total transaction amount (including shipping costs). Within this blog post, we break down exactly how Depop works: covering who we are, and how buying, selling and shipping on Depop work. When you first open Poshmark, you might not enjoy browsing. Be on top of this by keeping an eye on your email for any letter coming from PayPal. 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!) Waist flat 13 can stretch to 15 Some sellers offer discounted shipping if you order more than one item from their shop. Hey my sweets!! If youre looking for those types of things, youre better off shopping on eBay, which is more like a general online thrift store. Even then, Poshmark has up to three days after delivery to release the funds. Depop is a marketplace that is growing very fast since it was founded. When a dispute like this arises, you must do the following: Being obedient to Depop's policies is important. Our global community buys, sells and connects to make fashion more inclusive, diverse and less wasteful. If the buyer chooses to pay with Depop payments instead, the fees will be 2.9% + $0.30. 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. Always keep your proof of shipping and delivery. It is finally here! Its better to curate your collections to ensure youre delivering what each group will want to buy. You should do this within the allocated time frame to show that you are an honest and responsible seller. Banking services provided by Piermont Bank, Member FDIC. Tap Continue to review the details, then click on Confirm refund. If the buyer chooses to pay with Depop payments instead, the fees will be 2.9% + $0.30. To solve this, you should just need to add and confirm the correct email address to your PayPal account. If youre debating Poshmark vs Depop, then check out this overview. But if youre trying to browse, you might feel overwhelmed with this visual. Its free to list your items in your shop and youll only be charged once an item is sold. When it comes to buying, Poshmark wins for having such a variety available. 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. Ive sold my clothes on both Poshmark and Depop. All you have to do is link your Depop, Poshmark, and Mercari accounts to the app. 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. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. If you love shopping at thrift stores, youll love browsing Poshmark and Depop online. 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. Tap Buy, then the shopping bag icon in the top right corner. Again, this might seem steep, but you can do the math before you list an item and get a general idea of your profit. - First, download the Depop app in the App Store or Google Play. Each PayPal transaction currently costs 3.49% + $0.49. Each has a seller guideline to follow along with Poshmark, Mercari, Tradesy, and many others like Depop. I have already shipped the item to the buyer but haven't had any money through. Why don't you give this a go for me by following these steps? Then I sent them this. Poshmark has a set shipping fee of $7.45. You can use Apple Pay, Google Pay, Paypal, credit and debit cards. Hi does anyone know how to verify your PayPal account for selling items on depop? Get paid directly into their bank account. 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. 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. I one hundred percent agree and hate Depop payments because of the withholding process. When you're selling an item on Depop, the seller is always responsible for shipping to a buyer. All zippers fully functional. Scroll down and tap Edit My DNA to add the styles, brands and sizes you want to see. Create an account to follow your favorite communities and start taking part in conversations. Avoid disputes on your items and get your Depop account in trouble. 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). It may be worth investing into an authentication service for higher priced or luxury items. 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 doesnt have an option for people to make offers on your items. You have a home feed that shows you items similar to what youve previously liked or bought. Vintage. First, it qualifies you to Depop seller protection. So this new payment system will mean quicker access to your money. Theres no harm in listing the same items on both sites. By browsing this website, you consent to the use of cookies. Poshmark is the thrift store where people are selling brand name items that you can get for a deal. You also want to consider each sites selling fees. Shipping is a crucial part of finalizing your sale. How much of a fee does Depop take? As you use Depop, the app understands what you like and curates your My DNA and Explore pages. Vintage. Your item is listed on Depop's prohibited items list. Not only does it keep your account safe, but it also protects you from disputes and chargebacks. 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. That covers everything you need to know about how Depop works. If youre selling an item on Poshmark for more than $15, the company takes a 20% commission fee. Ive sold on both and also browse the two to buy stuff so I can show you the ins and outs of what works. Simply head in-app, go to the Selling hub and tap the banner. One of the easiest ways to save on costs is by saving on your shipping cost. However, you have to look more into what youll actually make from Depop. Please note that transaction fees may vary based on your location and PayPal account setup. Sorry, this post was deleted by the person who originally posted it. Also read: Poshmark vs Mercari: Which is best for Sellers? It will show up on your bank statement when the seller fees are debited from your account. When it comes to commission taken, Poshmark is the winner. https://www.paypal.com/uk/smarthelp/article/how-do-i-verify-my-paypal-account-faq444?app=searchAutoC 1999-2023 PayPal, Inc. All rights reserved. Depop Limited is simply the formal legal name of the Depop company. I think I have done all the steps to verify it but I haven't had anything to confirm this. Depop does not have subscription or listing fees but they charge a 10% flat rate on every item sold. - 30M+ registered users in over 150 countries, - 32M+ items are available for sale on Depop, - $1 Billion made by the Depop community to date. Are you sure that email was from paypal and not a spoof? 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!! I am dealing with the same thing $116 stuck in my Depop Balance with no estimated payout date. Depop Fees . The OneShop Money Mastercard Debit Card is issued by Piermont Bank, Member FDIC. Poshmark, based in California, began in 2011. Ill still make sales, but its rarely at my set price. You dont need to select buyer or seller when you set up - every user is able to do both from the moment theyve registered. 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. 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! After you make money selling items on Poshmark, you can keep the money in the app and use it to shop for yourself. Learn More. There are no surprises when youre getting paid out. Press question mark to learn the rest of the keyboard shortcuts. The chains have DIA charms on them 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. Hi does anyone know how to verify your PayPal account for selling items on depop? To do this, it is your responsibility to ensure that they don't encounter any issues with the item they ordered from you. For more information on making the seller process smooth for your buyers, visitour top customer service tips article. A major plus for Depop payments is that you get the money as soon as your item sells. Using a tracked shipping method is the ideal way of sending your orders. In any business, including online selling, creating a seamless and good buyer experience is an essential part. You have a general idea about how much you can actually make per sale, based on the Poshmark vs Depop commissions. Lets start by introducing what Depop is. If you're smart about how you ship things, then you'll make more money selling on Depop because of the lower fee. 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. 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! For example, I remember being able to use the pending deposit from a sale on Paypal towards paying for the shipping label. There are different marketplaces on the internet nowadays. 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. All you have to do is sign up here, and we will text you the link to the app. You can do so on the app, or depop.com. If you sell it for $15 or more, then Poshmark takes 20% commission. All zippers fully functional. If you have added and confirmed a card then you should be verified. For example, if you are in the US, the standard Paypal fee is around 3.49% + $0.49. When a buyer has made a purchase, the seller then receives payment and must ship the item to their buyer. For any item that sells for less than $15, they take $2.95. Length 10 2019-2023 All rights reserved. #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 Otherwise, you will have to log in on a browser. Here, you will enter your address. You might feel like youre getting a deal on clothes, but dont forget shipping costs. Scan this QR code to download the app now. They allow users to shop through their website or mobile app. Want to discover your next favorite thing? It must've been cuz I mentioned the BBB.. Offering free shipping is a plus, too, if you want to sell your item faster. 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. However, these offers arent always something you want. Poshmark offers sellers tools to help your listings reach the right audience. If you sell on depop the only other option is to branch out to other marketplaces. 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. 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. If you choose to cash out, the money transfers to your linked bank account with no additional fees incurred. i have $97 in there. 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. For American sellers, they take an additional 2.9% fee plus $0.30. This pushes the algorithm to share your listings with more people on the app. Price is high and FIRM as I dont mind keeping might take down later Youre set. 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. a 10% Once an item sells, Depop will automatically charge a 10% fee on the sale price (including the shipping costs). This app is especially popular in countries like Australia, New Zealand, the United Kingdom, and of course, the United States. Choices like this keep the circular economy going its kinder to people and the planet. Trainers. Sold through Depop Payments If the item was sold and paid using Depop Payments, you could settle any issues with your transaction through Depop. This tactic can be a great way to maximize sales by interacting with potential customers. Poshmark sells contemporary, name-brand clothes at good deals. If the item is brand new, check the retail price or similar brand new listings as yours and take it from there. When you want to cash out, Depop pays through your PayPal account or Stripe. It will take longer for your money to reach your bank account with depop payments. and our Join. Your own wardrobe - old, new, clothes you no longer wear, or items you want to give a new home to make space. You must mention essential details such as: Your item photos are vital when listing as it gives your potential buyer a visual experience. Slightly stretchy too! 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. A 10% Depop fee is charged on the total transaction amount (including shipping costs). 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. Depop payments takes about 2 working days to process your payment before it is sent to your bank account. 3. Hi guys! Depop payments is required for eligible sellers however you can still use paypal!