Listing on Depop is simple and easy. The standard depop fee remains the same at 10% and they will charge processing/transaction fees, thats it. Maybe youve got some questions about how selling works for Depop users. Or, message the seller of the item youre eyeing if you have any questions. But for a partial refund, you will have to get in touch with Support so they can process a shipping label refund for you. Selling your clothes and shoes online is easy, like using an online consignment store. When will I know if I am going to receive the payment? If the item was sold and paid using Depop Payments, you could settle any issues with your transaction through Depop. Always ensure that your item is authentic before claiming that it is. You fail to respond to Depop's emails within the timeframe. Once you sign up to use the platform, you can start uploading items to your shop. Items belonging to your friends and family - again, items can be gently used or like new to make cash and create space in their wardrobes. Weve even seen eBay make a move to do something similar with eBay managed payments for very similar reasons. Then I sent them this. Work-flow can help the Cash-Flow. Depop payments is required for eligible sellers however you can still use paypal! Length 10 Scroll down and tap Edit My DNA to add the styles, brands and sizes you want to see. However, you have to look more into what youll actually make from Depop. Many sellers register on both Poshmark and Depop. Rather than shipping with Depop, choose to ship the item yourself and buy discounted postage. a 10% Once an item sells, Depop will automatically charge a 10% fee on the sale price (including the shipping costs). Ill still make sales, but its rarely at my set price. link to Yes, USPS Regional Boxes Are Discontinued, link to How To Pack & Ship An Xbox (With Pictures). What is that? PayPal has merchant fees that you'll incur, further cutting into your profits. You can save money on the clothes and even with shipping costs. To have appealing photos, ensure that you only use clear and high-quality ones to stand out from other competitors. Waist flat 13 can stretch to 15 Streetwear. - Add the correct category, location, condition and item price. I love these features because they often show me things that would make a killer outfit with my previous purchases! However, these offers arent always something you want. For example, if you are in the US, the standard Paypal fee is around 3.49% + $0.49. 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. Depop fees: No listing fee, 10% seller fee to Depop, PayPal transaction fee of 2.9% + $0.30. Prior to this rollout, PayPal did all the processing for your purchases or sales. Connect your Depop account to the Paypal account you will be using. Lets compare the two fees based on the sales price. Vintage. You should find ways to have an advantage over other sellers with the same item. When you're selling an item on Depop, the seller is always responsible for shipping to a buyer. For more information, please see our I'm not sure if depop only send the money once the buyer has received their item. 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. For more information on shipping, check out our shipping guide. I one hundred percent agree and hate Depop payments because of the withholding process. What you should care about as a depop seller is if depop payments will increase your sales! Let us know in the comments if you have tried Depop or any other platforms as well as Poshmark! Make sure you stay on top of your inventory and take down the sold listing from the other platform. All youll need to do is to enter your name, address, phone number and date of birth. There are different marketplaces on the internet nowadays. PayPal has merchant fees that youll incur, further cutting into your profits. 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. To do this, it is your responsibility to ensure that they don't encounter any issues with the item they ordered from you. You will also be charged a standard transaction fee by either of PayPal or Depop Payments of around 2.9% + /0.30. When youre considering Depop vs Poshmark, look at your items with a critical eye. It is intelligent software that can help you list items across platforms easily. I miss those simple PayPal instant payments I cant trust Depop withholding money for an uncertain amount of time. Banking services provided by Piermont Bank, Member FDIC. Poshmark has customer protections in place that make it a trustworthy company but can be frustrating if you need cash now. Want to discover your next favorite thing? 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. If y'all remember I posted how I got banned for hashtags that were FINE. Poshmark is the thrift store where people are selling brand name items that you can get for a deal. Here well break down how shipping works in the UK and the US. thats a major concern. Even then, Poshmark has up to three days after delivery to release the funds. First, it qualifies you to Depop seller protection. Whatever your style. Here, you will enter your address. From discovering unique items to new looks youll love consider the apps Explore tab as your launching point to doing it all. Lets start by introducing what Depop is. But they might integrate the price of shipping into the item itself. That's a big change from instant isn't it ? You must also include a return address if your item is requested to be sent back to you. When it comes to buying, Poshmark wins for having such a variety available. Poshmark has a set shipping fee of $7.45. All you have to do is create a draft once, and you can effortlessly cross-list to any platform that our team has integrated. How much of a fee does Depop take? Trainers. PayPal also sometimes withholds your funds if you havent made a sale in a while. If you sell something less than $15 on Poshmark, they take a $2.95 fee. welcome to. 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) 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. The focus on Depop is for vintage items instead of upscale current fashions. 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. Depop payment via paypal. Now you know to price your item for more than $5 so you make more money. Payment Depot offers 24/7 customer support via phone and email. A 10% Depop fee is charged on the total transaction amount (including shipping costs). Your sales will now be deposited in your bank account rather than you having to go through paypal. One of the easiest ways to save on costs is by saving on your shipping cost. 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. Find it on Depop. Its the platform for individuals to resell their clothes, shoes, and accessories. Tap the Search tab at the bottom of the app to search for items and find exactly what youre looking for. For a business to succeed, having a fully equipped and knowledgeable seller is a must. They dont take money for the shipping label, transaction processing fee, sales tax, or customer support. Also, there's a PayPal transaction fee of 2.9% + $0.30 in the USA and 2.9% + 0.30 in the UK. Our global community buys, sells and connects to make fashion more inclusive, diverse and less wasteful. 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. We will exclude shipping costs since that is variable based on the item youre shipping. Many customers might make a cheap offer just to see what they can get. Tap Checkout, then review your shipping address to make sure its correct. Price is high and FIRM as I dont mind keeping might take down later 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. Its more like a social media platform, where buyers see things because they liked them or if they follow you. Poshmark has an option for people to make offers for your items, similar to bidding on eBay. Depop will then conduct an evaluation to see whether your item is significantly not as described. For sellers in the United Kingdom, that fee increases to 3.4% and an additional 0.30. 2. You can issue a full or partial refund within 180 days of the original payment date. There are a couple of different ways to browse Depop, whatever youre looking for. Always keep your proof of shipping and delivery. The page looks cluttered because the company sorts listings into parties and showrooms. This is a great feature for sellers because they get extra eyes on their items. Even without a PayPal account, you are still covered by PayPal Buyer Protection if you use PayPal checkout. One of the practical tricks to do this is by cross-listing. It will take longer for your money to reach your bank account with depop payments. 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. Sold through Depop Payments If the item was sold and paid using Depop Payments, you could settle any issues with your transaction through Depop. Its free to list your items in your shop and youll only be charged once an item is sold. For any item that sells for less than $15, they take $2.95. Scan this QR code to download the app now. That covers everything you need to know about how Depop works. The business itself is expanding and now has offices in Milan, New York City, and Manchester. Sure, Depop pays out immediately, but they take additional fees so youre not getting as much. The price of an item is another factor that dramatically affects your potential buyer's purchase decision. Now that Depop partnered with Stripe, which is PayPals competitor, it opens more options for both sellers and buyers. Both platforms have search bars so you can enter terms and find exactly what youre looking for. 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). After you make money selling items on Poshmark, you can keep the money in the app and use it to shop for yourself. 2019-2023 All rights reserved. Consider this as your official one-stop guide for everything you need to know about what Depop is all about and how the Depop businessworks. There are no surprises when youre getting paid out. and you should because it increases your options. Strictly keep all your transactions in-app while using Depop Payments. 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 will click on Get started. When you sell an item, Depop will automatically charge the 10% fee on the total transaction amount (including shipping costs). As a seller, will Depop payments really be better than using PayPal? After this, Depop will mediate a resolution between yourself and the buyer. Shipping is a crucial part of finalizing your sale. When you receive a dispute, always resolve it with the buyer before involving Depop. Sell safely with Depops Seller Protection Policy and ship as soon as the sale has gone through. I miss those simple PayPal instant payments I can't trust Depop withholding money for an uncertain amount of time. That also gives you a huge audience of potential customers who want to shop your closet. 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!! Whatever your style. You have to wait with Poshmark, but you wont pay fees to access your own money. Take a picture using a square format to ensure that it is sized correctly. Suppose both parties did not arrive at a resolution. Ensure that the item is well lit and the details are clearly captured. Many Depop sellers do this to reach more audiences, making their chances of coming across the right buyer for their item higher. Being fast in sending orders is a good thing. Designer. Stripe has similar fees, so youre not really making as much from Depop as you initially think. Simply head in-app, go to the Selling hub and tap the banner. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Depop Fees . Aside from claiming that an item is authentic when it's not, Depop's guidelines prohibit selling fake or counterfeit items. I also like to use filters so I see only what items will fit me. Physical stores make money when people buy their products. More payment options mean even more potential customers for your shop. - '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. - Next youll choose your username and a strong password, to keep your account safe. Hey my sweets!! DEPOP PAYMENTS ONLY. Depop Payments vs. PayPal 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. Most sellers get excited when they see the Depop selling fees are just 10%, regardless of how much the item sells for. Paypal is popular but not everyone wants to go through them, you still have to log in and if you do not have a paypal account you need to get your card out and fill out a form, sometimes you may even be required to signup for paypal which a few buyers may not want to do. Click the Settings icon at the top of the page. 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. yea i prefer PayPal because depop payments still hasn't paid out to my credit card & i made my first sale january 8th . 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. Most of the clothes are new and gently used, though some are vintage. Ive sold on both and also browse the two to buy stuff so I can show you the ins and outs of what works. This tactic can be a great way to maximize sales by interacting with potential customers. Leave the Archive. Thats a huge community, so if youre looking for the perfect item, you have a great chance of finding it. I'm not sure if that's still applicable or if paypal was just weird and would allow that. It will show up on your bank statement when the seller fees are debited from your account. and now one of our new services is also live we present to you: eBay Cross-Listing! Please note that transaction fees may vary based on your location and PayPal account setup. You might feel like youre getting a deal on clothes, but dont forget shipping costs. Aside from dodging copyright issues, posting the actual photos of your item also help set your buyers' expectation. You want to choose the platform with the best built-in audience so you can rack up sales. 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. Items sold via PayPal follow a different way of solving the dispute. Ready to get started and try it for yourself? Review the information and click Issue Refund. You know what theyre going to take, so you can price your items accordingly. As a seller, will Depop payments really be better than using PayPal? When you buy online, youre supporting people instead of companies with poor working conditions. Why don't you give this a go for me by following these steps? When a dispute like this arises, you must do the following: Being obedient to Depop's policies is important. Designer. You dont have to worry about getting paid after shipping the item or ensuring its delivered. Then, youll be able to plan ahead and come up with a fair price for every item you list in your closet. If you want to keep them for later on, you can like or save them.