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? That way, the payment should come through as normal once this action is completed. Now that you have equipped yourself with the tips on avoiding receiving return requests and processing a refund for your buyers, you can now focus on growing your business and boosting your sales. The fee will be taken from your connected PayPal account or the card you are using on your Depop account. 2. You dont have to worry about getting paid after shipping the item or ensuring its delivered. Depop has now made a move to their own payment processing sytem powered by Stripe Connect. 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. If the buyer chooses to pay with Depop payments instead, the fees will be 2.9% + $0.30. The focus on Depop is for vintage items instead of upscale current fashions. Check out our Depop payments blog for further details. Depop is about celebrating creativity by wearing it. 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. 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). Suppose both parties did not arrive at a resolution. Depending on the buyer's dispute, you may give them a partial or a full refund in your app or with the help of Depop Support. Super fkn cute Japanese gyaru brand D.I.A low rise pleated black miniskirt with the coolest gold chain and zipper details. Preloved. If you love shopping at thrift stores, youll love browsing Poshmark and Depop online. Each has a seller guideline to follow along with Poshmark, Mercari, Tradesy, and many others like Depop. Now you have the know-how on how selling at Depop works, and youre ready to get listing and start selling for yourself. Depop Payments lets buyers use Apple Pay, Google Pay, credit and debit cards, as well as Paypal to shop on Depop. For sellers in the United Kingdom, that fee increases to 3.4% and an additional 0.30. Posh Parties revolve around themes, like certain styles or accessories, and you can see new sellers and items that way. Here youll find a curated selection of items we think youll love. Choose the transaction you'd like to refund, then tap Refund, For a full refund, select the Full refund tab. Do you know where to find money that is pending before being put into your account? So whether youre buying, selling or doing a little of both, using Depop is a straightforward - and enjoyable - experience. However, sometimes tiny details get missed, which is understandable as long as you are willing to correct the mistake and make amends. All UK sellers will need to sign up by 8th December 2021 to continue listing. Even though Depop doesn't have a listing fee, they do charge a transaction fee of 10% which is twice as much as what Etsy is charging. https://www.paypal.com/uk/smarthelp/article/how-do-i-verify-my-paypal-account-faq444?app=searchAutoC 1999-2023 PayPal, Inc. All rights reserved. You will also be charged a standard transaction fee by either of PayPal or Depop Payments of around 2.9% + /0.30. Take a picture using a square format to ensure that it is sized correctly. Reworked items - upcycled, handmade and repaired items are all great. Shop around by looking for the item, or something similar, on both apps before finalizing a purchase. Poshmark only has these two commission fees. You must mention essential details such as: Your item photos are vital when listing as it gives your potential buyer a visual experience. If people like your listings as they might like an image on Instagram, you can offer it to them. Privacy Policy. Buyers canbrowse the app, search for specific items and find your shop. Click Continue. That covers everything you need to know about how Depop works. All you have to do is create a draft once, and you can effortlessly cross-list to any platform that our team has integrated. I also like to use filters so I see only what items will fit me. Designer. While it is still new and people may run into hiccups, the most positive part of the new Depop payments is the lesser fees. 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! All you have to do is sign up here, and we will text you the link to the app. Whatever your style. Depop fees: No listing fee, 10% seller fee to Depop, PayPal transaction fee of 2.9% + $0.30. So what do you need to know as a buyer and seller on Depop? I hope you love this video and it helps you lots. 2019-2023 All rights reserved. You can even find bags, purses, make-up, and other accessories on Poshmark. But don't worry, How To Pack & Ship An Xbox (With Pictures). 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 . Payment Depot credit card processing works for mobile, terminal, ecommerce, and POS transactions. Your item is listed on Depop's prohibited items list. Selling your clothes and shoes online is easy, like using an online consignment store. When you want to cash out, Depop pays through your PayPal account or Stripe. You know what theyre going to take, so you can price your items accordingly. Were introducing Depop Payments a new payment method powered by Stripe Connect to make it easier to buy and sell on Depop. Depop payments fees are relatively similar to paypal but it is somewhat easier to reason about. The email was actually from depop so I think it is real, they also messaged me on the app to say the same thing. For those who are already on our newsletter list (wait, you arent? You should find ways to have an advantage over other sellers with the same item. Price is high and FIRM as I dont mind keeping might take down later Now that Depop partnered with Stripe, which is PayPals competitor, it opens more options for both sellers and buyers. Now you know to price your item for more than $5 so you make more money. Why should I get a PayPal account? Before posting and pricing your items, you must also consider other Depop selling fees and PayPal transaction costs. 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. Select your Payment Type. Sell your old clothes and replace them with new-to-you, secondhand finds. 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. You are viewing the PayPal Community Archives. Many sellers register on both Poshmark and Depop. It simply means that in a $100 item sold, $10 goes to Depop. 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. It may be worth investing into an authentication service for higher priced or luxury items. You must also include a return address if your item is requested to be sent back to you. Buyers and sellers live around the world. and our From the Home icon, tap My DNA. * have frontal try on in another listing, All purchases through Depop are covered by Buyer Protection. We are compensated for referring traffic and business to Amazon and other companies linked to on this site. If you sell on depop the only other option is to branch out to other marketplaces. You should: One of the most valuable characteristics of a trustworthy seller is being honest. You can follow sellers on Poshmark to ensure they show up in your feed, but Ive found that its easier to select a category and browse that way. While the framework of both sites is similar, you may wonder which is better in terms of Depop vs Poshmark. #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 Poshmark fees are set. Here are some vital facts and figures about how Depop works today. You can source stock to sell on Depop from a lot of different places. Find it on Depop. 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. Payment Depot offers 24/7 customer support via phone and email. Create an account to follow your favorite communities and start taking part in conversations. What is that? 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 youll need to do is to enter your name, address, phone number and date of birth. Reddit and its partners use cookies and similar technologies to provide you with a better experience. You can buy clothes for men, women, and kids on Poshmark. 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. PayPal has merchant fees that you'll incur, further cutting into your profits. Tap the Search tab at the bottom of the app to search for items and find exactly what youre looking for.