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Buyers and sellers live around the world. You can learn more about how Depop fees work in our help centre article. 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. Scan this QR code to download the app now. - '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. Tap Checkout, then review your shipping address to make sure its correct. 4. Do thorough research on your item if you are unsure of its authenticity. All youll need to do is to enter your name, address, phone number and date of birth. Shop around by looking for the item, or something similar, on both apps before finalizing a purchase. 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. 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. You know what theyre going to take, so you can price your items accordingly. We will exclude shipping costs since that is variable based on the item youre shipping. You are viewing the PayPal Community Archives. Weve even seen eBay make a move to do something similar with eBay managed payments for very similar reasons. You will also be charged a standard transaction fee by either of PayPal or Depop Payments of around 2.9% + /0.30. 2. Depop A major plus for Depop payments is that you get the money as soon as your item sells. Want to discover your next favorite thing? Be sure to read through its description and check the sizing to be sure its what youre looking for. 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. Poshmark is the thrift store where people are selling brand name items that you can get for a deal. Here's how to refund a payment: Go to your Activity. They allow users to shop through their website or mobile app. When a buyer has made a purchase, the seller then receives payment and must ship the item to their buyer. When will I know if I am going to receive the payment? It started as a social network, like an innovative magazine. Here youll find a curated selection of items we think youll love. 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. Ill still make sales, but its rarely at my set price. Privacy Policy. 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. There is also a standard PayPal transaction fee of 2.9% + 0.30 in the UK and 2.9% + $0.30 in the US. But for a partial refund, you will have to get in touch with Support so they can process a shipping label refund for you. Sell safely with Depops Seller Protection Policy and ship as soon as the sale has gone through. Or maybe you want to have a look around and see whats trending first? Your item was as described, but the buyer changed their mind. Simply head in-app, go to the Selling hub and tap the banner. They have to pay Depop for the shipping label, so you might end up with that cost. Both platforms have search bars so you can enter terms and find exactly what youre looking for. Note: Before you can refund your buyer who paid through Depop Payments, you'll have to add a top-up card (debit or credit card) to your account. It may be worth investing into an authentication service for higher priced or luxury items. I'm not sure if depop only send the money once the buyer has received their item. Depop Payments will become a requirement for selling on Depop. One of the easiest ways to save on costs is by saving on your shipping cost. 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. You should do this within the allocated time frame to show that you are an honest and responsible seller. To access the items youve liked or saved, go to Profile > Likes or Profile > Saved. Length 10 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. Now that Depop partnered with Stripe, which is PayPals competitor, it opens more options for both sellers and buyers. Depop, based in London, began in 2011. Read Next: How to Ship on Your Own on Depop, Yes, USPS Regional Boxes Are Discontinued. However, you have to look more into what youll actually make from Depop. 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. To get your payments released sooner, use trackable delivery with any of our approved delivery companies and enter the tracking details on your Activities page. You can issue a full or partial refund within 180 days of the original payment date. 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! Listing on Depop is simple and easy. You must also include a return address if your item is requested to be sent back to you. If you were hoping for a large reduction in fees as a result we are sorry to dissapoint you! Follow these steps when youre ready to checkout: 1. - 30M+ registered users in over 150 countries, - 32M+ items are available for sale on Depop, - $1 Billion made by the Depop community to date. 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. yea i prefer PayPal because depop payments still hasn't paid out to my credit card & i made my first sale january 8th . 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. Even without a PayPal account, you are still covered by PayPal Buyer Protection if you use PayPal checkout. Ive sold on both and also browse the two to buy stuff so I can show you the ins and outs of what works. 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. Poshmark vs Mercari: Which is best for Sellers. Your own wardrobe - old, new, clothes you no longer wear, or items you want to give a new home to make space. Lets start by introducing what Depop is. When youre considering Depop vs Poshmark, look at your items with a critical eye. You also want to consider each sites selling fees. welcome to another Depop video!! I also like to use filters so I see only what items will fit me. If people like your listings as they might like an image on Instagram, you can offer it to them. Instead, they have to DM you directly. Theres nothing worse than seeing the perfect clothing on your home page, only to realize its too small for you. If you can, try to settle the issue with the buyer first to prevent an issue from being raised with PayPal. Select your Payment Type. You have a home feed that shows you items similar to what youve previously liked or bought. Whatever your style. Apple pay for example is just 2 button clicks and a face ID away from a purchase, compared to entering multiple login details and card details. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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). For a business to succeed, having a fully equipped and knowledgeable seller is a must. And thats it - youre now all ready to start buying, selling or doing both on Depop. Get paid directly into their bank account. Your sales will now be deposited in your bank account rather than you having to go through paypal. That's a big change from instant isn't it ? Learn More. When a dispute like this arises, you must do the following: Being obedient to Depop's policies is important. Depop Payments lets buyers use Apple Pay, Google Pay, credit and debit cards, as well as Paypal to shop on Depop. You can save money on the clothes and even with shipping costs. If youre selling an item on Poshmark for more than $15, the company takes a 20% commission fee. Your item is listed on Depop's prohibited items list. For example, I remember being able to use the pending deposit from a sale on Paypal towards paying for the shipping label. 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. 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. When you're selling an item on Depop, the seller is always responsible for shipping to a buyer. All zippers fully functional. 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? Since depop is commonly used via a mobile app the addition of mobile payment options like Apple Pay is going to be very good for business. It will show up on your bank statement when the seller fees are debited from your account. Designer. Its better to curate your collections to ensure youre delivering what each group will want to buy. Find it on Depop. Using a tracked shipping method is the ideal way of sending your orders. You should: One of the most valuable characteristics of a trustworthy seller is being honest. When you want to cash out, Depop pays through your PayPal account or Stripe. You want to choose the platform with the best built-in audience so you can rack up sales. 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. To provide a good customer experience, remember to ensure that the item is clean before you pack it. Here, you will enter your address. Of course, the more satisfied your buyer is, and the better experience they get from your shop means more returning buyers in the future. When you sell an item, Depop will automatically charge the 10% fee on the total transaction amount (including shipping costs). Both are straightforward and simple to do. 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. Check out our Depop payments blog for further details. Depop doesnt promote items as Poshmark does. Its more like a social media platform, where buyers see things because they liked them or if they follow you. Just as with listing items, its worth knowing what youre going to get on each platform. For more information, please see our 3. There are no surprises when youre getting paid out. Arranging a return is easy. Remember to hit the Like button on any items you love, too - not only will this bookmark them in your likes, itll also help the app learn more about what kind of items youre interested in seeing. How much of a fee does Depop take? Note: Be aware that any sale of confirmed counterfeit items, PayPal and Depop may not be able to arrange or facilitate a return. But you'll only be charged for the items that get sold on Depop. Sure, Depop pays out immediately, but they take additional fees so youre not getting as much. OneShop is a financial technology company, not a bank. While it is still new and people may run into hiccups, the most positive part of the new Depop payments is the lesser fees. Buyers canbrowse the app, search for specific items and find your shop. a 10% Once an item sells, Depop will automatically charge a 10% fee on the sale price (including the shipping costs). If y'all remember I posted how I got banned for hashtags that were FINE. Thanks for any help, Thank you. Interested in selling on Depop? This way, if the refund gets delayed, it can be processed for them as long as they can provide proof of return. If youre a Poshmark seller or want to become one, you need to consider how much selling on the platform will cost. If you're smart about how you ship things, then you'll make more money selling on Depop because of the lower fee. Poshmark fees are set. Items sold via PayPal follow a different way of solving the dispute. Select the payment you want to refund and click Issue a refund. Reddit and its partners use cookies and similar technologies to provide you with a better experience. You have a general idea about how much you can actually make per sale, based on the Poshmark vs Depop commissions. 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. Its a new feature which is required for selling now, but you can put a disclaimer that you prefer PayPal in your listings/bio. 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. Please note that transaction fees may vary based on your location and PayPal account setup. Once youve got some items ready, its time to list them. Found an item you like? Depop payments will be around for a long while whether you prefer it as a seller or not. It is intelligent software that can help you list items across platforms easily. DEPOP PAYMENTS ONLY. Founded on the tenets of social commerce, Depop is a P2P eCommerce platform. 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). Aside from dodging copyright issues, posting the actual photos of your item also help set your buyers' expectation. Then I sent them this. Your shops page should now have a red banner where you will be able to enter your bank details. The chains have DIA charms on them Vintage. Theyre transparent about their fees and dont take portions of the shipping cost. Our biggest sale of 2020! Depop has unique, vintage, and rare clothes like youd find at a cool thrift store. When it comes to the types of fashion listed, theres no clear winner in Depop vs Poshmark. Read on and learn how to save your Depop listing and your earnings. Vintage. 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. As a buyer, you can now pay through Apple Pay, Google Pay, and your credit or debit cards. welcome to. 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. 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!! 233. While one sale may not make too much of a difference, the fees can add up if you sell regularly. 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. Depop started out using paypal to process virtually all transactions, so every sale you made would be sent instantly into your paypal account. Paying for shipping labels depop payments vs paypal 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. !SHOP VENUA PRINTS : https://www.venuaphotography.com/AMAZON STORE FRONT https://www.amazon.com/shop/vargassssss_?isVisitor=truePlease don't forget to LIKE , COMMENT AND SUBSCRIBE !! But theres a good chance you can find those items on Poshmark, too, so its an ideal first stop. As the platform grew to 26 million users, it expanded to a resale platform. If you are looking for more ways to increase your sales on depop, look no further: Mobile Phone Depop Bot (iOS and Android), You can increase your sales like 2k+ sellers do on depop with a depop automation tool. Some sellers offer discounted shipping if you order more than one item from their shop. To do this, it is your responsibility to ensure that they don't encounter any issues with the item they ordered from you. When you sell clothes online, youre earning a little money back from what youve spent. If you sell it for $15 or more, then Poshmark takes 20% commission. But if youre trying to browse, you might feel overwhelmed with this visual. The email was actually from depop so I think it is real, they also messaged me on the app to say the same thing. A 10% Depop fee is charged on the total transaction amount (including shipping costs). Depop is about celebrating creativity by wearing it. Shopping on Depop is like scrolling through Instagram. Make sure you stay on top of your inventory and take down the sold listing from the other platform. Remember that the competition on marketplaces like Depop is tough. In any business, including online selling, creating a seamless and good buyer experience is an essential part. Work-flow can help the Cash-Flow. It doesn't appear in any feeds, and anyone with a direct link to it will see a message like this one. Whatever your style. There are so many sites available, but they all have their pros and cons. Depop will then conduct an evaluation to see whether your item is significantly not as described. It seems like buyers prefer to haggle more on Poshmark. 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. This content may be old or outdated. Ship your item using tracked postage that can show confirmation of delivery to the buyers' address. Now you have the know-how on how selling at Depop works, and youre ready to get listing and start selling for yourself. Selling your clothes and shoes online is easy, like using an online consignment store. Within this blog post, we break down exactly how Depop works: covering who we are, and how buying, selling and shipping on Depop work. It will take longer for your money to reach your bank account with depop payments. You can like items, comment on listing, and follow certain sellers so you see more of them. PayPal also sometimes withholds your funds if you havent made a sale in a while. Choices like this keep the circular economy going its kinder to people and the planet. Depop is the fashion marketplace app where the next generation comes to discover unique items. As a buyer using Depop, you can find items to purchase by browsing the app or searching for specific products or styles. If you have added and confirmed a card then you should be verified. Depop is a global marketplace, and we want to be the worlds most progressive and diverse home for fashion. You might feel like youre getting a deal on clothes, but dont forget shipping costs. Its the platform for individuals to resell their clothes, shoes, and accessories. Always keep your proof of shipping and delivery. To process a refund for a transaction paid using Depop Payments: If you issued a full refund on a whole transaction using the app's refund button, the shipping label would also be automatically refunded to you. Depop fees: No listing fee, 10% seller fee to Depop, PayPal transaction fee of 2.9% + $0.30. When you first open Poshmark, you might not enjoy browsing. 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'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.