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. You dont get paid until the item ships to the customer and they accept delivery. While it is still new and people may run into hiccups, the most positive part of the new Depop payments is the lesser fees. Your item was as described, but the buyer changed their mind. 2. Always ensure that your item is authentic before claiming that it is. 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. You should find ways to have an advantage over other sellers with the same item. https://www.paypal.com/uk/smarthelp/article/how-do-i-verify-my-paypal-account-faq444?app=searchAutoC 1999-2023 PayPal, Inc. All rights reserved. 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 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. All youll need to do is to enter your name, address, phone number and date of birth. You must also include a return address if your item is requested to be sent back to you. Be on top of this by keeping an eye on your email for any letter coming from PayPal. Ready to get started and try it for yourself? And second, you can use it as proof when issues against your item arise. If the item was sold and paid using Depop Payments, you could settle any issues with your transaction through Depop. If you sell on depop the only other option is to branch out to other marketplaces. This will ensure that you can always refund buyers when necessary. Within this blog post, we break down exactly how Depop works: covering who we are, and how buying, selling and shipping on Depop work. Depop payments is required for eligible sellers however you can still use paypal! 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. Find out more about Depop Payments byheading over to our Help Centre. But there are still some benefits to choosing one platform over the other. Your sales will now be deposited in your bank account rather than you having to go through paypal. This tactic can be a great way to maximize sales by interacting with potential customers. 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. Press J to jump to the feed. Of course, the more satisfied your buyer is, and the better experience they get from your shop means more returning buyers in the future. Buying and selling all happens within the app - buyers can message sellers before making a purchase, but it isnt necessary to do this to make a sale. While some use stock photos, it is always a good practice to use yours. If you want to keep them for later on, you can like or save them. When a buyer has made a purchase, the seller then receives payment and must ship the item to their buyer. All you have to do is create a draft once, and you can effortlessly cross-list to any platform that our team has integrated. For example, if you are in the US, the standard Paypal fee is around 3.49% + $0.49. Here are a few to start: 1. So whether youre buying, selling or doing a little of both, using Depop is a straightforward - and enjoyable - experience. Shop around by looking for the item, or something similar, on both apps before finalizing a purchase. Press question mark to learn the rest of the keyboard shortcuts. If youre looking for those types of things, youre better off shopping on eBay, which is more like a general online thrift store. 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. This cut is a lot smaller than Poshmark, whether youre looking at the 20% commission or the $2.95 flat fee. Its flat-out fun to browse on this app, and youll most likely find at least one item you cant live without. Privacy Policy. Sold through Depop Payments If the item was sold and paid using Depop Payments, you could settle any issues with your transaction through Depop. Trainers. You can source stock to sell on Depop from a lot of different places. - Ship With Depop Dropoff': Ship through Depop with Hermes, dropping off your parcel at one of their dropoff points (Mainland UK only - England, Wales, Isle of Wight, Isle of Man, Scotland excluding the Scottish Highlands). If the buyer chooses to pay with Depop payments instead, the fees will be 2.9% + $0.30. Depop will send you an email with a link where you can sign up.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[728,90],'fulfilledmerchant_com-medrectangle-3','ezslot_3',119,'0','0'])};__ez_fad_position('div-gpt-ad-fulfilledmerchant_com-medrectangle-3-0'); You will be redirected to the Depop app if you have it downloaded. Tap Buy, then the shopping bag icon in the top right corner. But if youre trying to browse, you might feel overwhelmed with this visual. If you're smart about how you ship things, then you'll make more money selling on Depop because of the lower fee. 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. Payment Depot credit card processing works for mobile, terminal, ecommerce, and POS transactions. I also like to use filters so I see only what items will fit me. Theres nothing worse than seeing the perfect clothing on your home page, only to realize its too small for you. yea i prefer PayPal because depop payments still hasn't paid out to my credit card & i made my first sale january 8th . 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! Or maybe youre looking for styles that are 100% you? Or maybe you want to have a look around and see whats trending first? 2019-2023 All rights reserved. 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. This app is especially popular in countries like Australia, New Zealand, the United Kingdom, and of course, the United States. Stripe has similar fees, so youre not really making as much from Depop as you initially think. 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. There are no surprises when youre getting paid out. Any growing business will come with big changes, for depop this change is being made in how it handles its transactions with the introduction of depop payments. Let us know in the comments if you have tried Depop or any other platforms as well as Poshmark! You have a general idea about how much you can actually make per sale, based on the Poshmark vs Depop commissions. Depop payments fees are relatively similar to paypal but it is somewhat easier to reason about. You can submit items to Posh Parties, but its also great when people like or comment on your items. From the Home icon, tap My DNA. As a seller, will Depop payments really be better than using PayPal? 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? Youre set. and you should because it increases your options. For American sellers, they take an additional 2.9% fee plus $0.30. You can save money on the clothes and even with shipping costs. If youre specifically looking for vintage, you might have better luck on Depop. But, take note that not all buyers are the same. It is finally here! How much of a fee does Depop take? 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. UPDATE: Updated depop payments shipping tutorial! So what do you need to know as a buyer and seller on Depop? - Next youll choose your username and a strong password, to keep your account safe. Buyers canbrowse the app, search for specific items and find your shop. Join our list at the bottom of this page!) If youre selling an item on Poshmark for more than $15, the company takes a 20% commission fee. 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. For more information on making the seller process smooth for your buyers, visitour top customer service tips article. Once shipped, keep your buyer updated. You should: One of the most valuable characteristics of a trustworthy seller is being honest. Click Continue. Even without a PayPal account, you are still covered by PayPal Buyer Protection if you use PayPal checkout. 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. You dont have to worry about getting paid after shipping the item or ensuring its delivered. Buying on Depop is not complicated. All you have to do is ask your buyer to return the item with tracked shipping. If the item is brand new, check the retail price or similar brand new listings as yours and take it from there. 233. DEPOP PAYMENTS ONLY. For example, I remember being able to use the pending deposit from a sale on Paypal towards paying for the shipping label. When you save your size, the algorithm only shows you that size. Want to discover your next favorite thing? you know we love to give you great discounts and special events throughout the year, but were totally upping, Read More Reseller Assistants Black Friday Event 2020Continue, Once upon a time, Poshmark was a clothing site for women. Depop is all about community - its the buyers and sellers who use Depop who make it such a great place. When it comes to shopping ease, Depop is the clear winner. - Youll need a phone number and an email address - its important that you enter a real email address, because this is how well send you notifications and other communications. Depop payment: Get paid via PayPal or through Stripe using Depop Payments. Ensure that the item is well lit and the details are clearly captured. Depop A major plus for Depop payments is that you get the money as soon as your item sells. Etsy vs Depop: How Much Can You Earn Improved payment experience Depop doesnt have an option for people to make offers on your items. Depop Payments will empower sellers to increase their chances of selling by giving buyers more ways to pay. Now that Depop partnered with Stripe, which is PayPals competitor, it opens more options for both sellers and buyers. * have frontal try on in another listing, All purchases through Depop are covered by Buyer Protection. However, these offers arent always something you want. Here are some vital facts and figures about how Depop works today. All you have to do is link your Depop, Poshmark, and Mercari accounts to the app. Thanks for any help, Thank you. In my experience, Ive gotten more sales through Depop just because people buy what they want and thats it. Its hard to choose a winner when it comes to payment with Depop vs Poshmark. Reddit and its partners use cookies and similar technologies to provide you with a better experience. It will show up on your bank statement when the seller fees are debited from your account. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Heres our easy guide to the ins and outs of selling on Depop. Fees on Depop are very straightforward. Ensure to ship orders to the address on the Depop receipt. Your honesty as a seller can make a huge impact on your business. It simply means that in a $100 item sold, $10 goes to Depop. Poshmark has customer protections in place that make it a trustworthy company but can be frustrating if you need cash now. Connect your Depop account to the Paypal account you will be using. welcome to. 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. When you sell clothes online, youre earning a little money back from what youve spent. You can do so on the app, or depop.com. OneShop is a financial technology company, not a bank. Choices like this keep the circular economy going its kinder to people and the planet. You will also be charged a standard transaction fee by either of PayPal or Depop Payments of around 2.9% + /0.30. My depop payments is also suspended in limbo for the past week or so. 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. - Select a photo to represent your account - thisll be how other buyers and sellers see you around Depop. If you were hoping for a large reduction in fees as a result we are sorry to dissapoint you! Its free to list your items in your shop and youll only be charged once an item is sold. If you have added and confirmed a card then you should be verified. Many poshers out there are clamoring for such an invitation. From discovering unique items to new looks youll love consider the apps Explore tab as your launching point to doing it all. Preloved. More payment options mean even more potential customers for your shop. Some sellers will offer international shipping and some wont - buyers can message them to ask for more info. Rule of Thumb for Depop and Paypal While any payment issue as a seller can be extremely frustrating, there are some steps that you can follow to ensure that you are getting your money on time. Check out our Depop payments blog for further details. As a buyer, you can now pay through Apple Pay, Google Pay, and your credit or debit cards. 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. If you choose to cash out, the money transfers to your linked bank account with no additional fees incurred. We will exclude shipping costs since that is variable based on the item youre shipping. 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. A sub for discussing all things Depop. This is really simple and only takes a few minutes. When will I know if I am going to receive the payment? Promptly answer Depop's emails in the given timeframe. This move means that depop and their users (buyers/sellers) have a lot more flexibility in how payments work. Before posting and pricing your items, you must also consider other Depop selling fees and PayPal transaction costs. Vintage. It can also handle contactless pay, a feature PayPal lacks. You can read our depop fee guide here to learn more about depop fees. Designer. PayPal features and capabilities Like Payment Depot, PayPal can handle a variety of transactions, both in person and online. Whatever your style. Again, this might seem steep, but you can do the math before you list an item and get a general idea of your profit. There is also a standard PayPal transaction fee of 2.9% + 0.30 in the UK and 2.9% + $0.30 in the US. The 10% fee is not a listing fee nor a subscription fee from Depop. On Poshmark, Ive gotten a lot more negotiations. Many customers might make a cheap offer just to see what they can get. You should do this within the allocated time frame to show that you are an honest and responsible seller. Sell your old clothes and replace them with new-to-you, secondhand finds. Find it on Depop. Your payout will then be sent to your linked bank account 10 working days after the sale date. You made the transaction outside of the platform. Thats a huge community, so if youre looking for the perfect item, you have a great chance of finding it. Hi does anyone know how to verify your PayPal account for selling items on depop? Poshmark vs Mercari: Which is best for Sellers. Depop has unique, vintage, and rare clothes like youd find at a cool thrift store. Choose the transaction you'd like to refund, then tap Refund, For a full refund, select the Full refund tab. There are a couple of different ways to browse Depop, whatever youre looking for. The chains have DIA charms on them Price is high and FIRM as I don't mind keeping might take down later Marked a size M but see . 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. Heres how you will add Depop payments to your account. Click the Settings icon at the top of the page. !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 !! Physical stores make money when people buy their products. For those who are already on our newsletter list (wait, you arent? Here is how joining Depop works, step by step. There are different marketplaces on the internet nowadays. You are viewing the PayPal Community Archives. 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 the platform grew to 26 million users, it expanded to a resale platform. Be sure to read through its description and check the sizing to be sure its what youre looking for. Its easy to list items on both Poshmark and Depop. Instead, they have to DM you directly. Items sold via PayPal follow a different way of solving the dispute. In any business, including online selling, creating a seamless and good buyer experience is an essential part. This applies more so if they do not already have a paypal account. Theres no harm in listing the same items on both sites. 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. 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. Please note that transaction fees may vary based on your location and PayPal account setup. Hey my sweets!! Hi does anyone know how to verify your PayPal account for selling items on depop? 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. 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). If youre selling a bundle, both PayPal and Depop payments will charge the $0.49 and $0.30 once. Depop shipping: Arrange your own, and set your own shipping rate, or Ship With Depop for a prepaid USPS shipping label between $3.50 and $14. Commission usually includes a percentage of the shipping charge and transaction fee. Its a win-win. Here well break down how shipping works in the UK and the US. 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!! 2. Streetwear. Take a picture using a square format to ensure that it is sized correctly. Also, there's a PayPal transaction fee of 2.9% + $0.30 in the USA and 2.9% + 0.30 in the UK. On this blog, we will share some tips on how you can avoid disputes in your Depop listing, which may result in buyer return requests, and how you can also process a refund for them. Learning about both Poshmark and Depop will help you understand each site. Make sure you stay on top of your inventory and take down the sold listing from the other platform. Reworked items - upcycled, handmade and repaired items are all great. To avoid falling into the dreaded sales slump, the informative article below explores many strategies on how to get more sales on Poshmark, grow your brand, and, Read More How to Increase Poshmark Sales (Ultimate Guide 2022)Continue, Being invited to host a Poshmark party is most definitely something to be proud of. Marked a size M but see measurements below Otherwise, you will have to log in on a browser. Work-flow can help the Cash-Flow. Streetwear. Leave the Archive. W for me today after 10 incompetent depop support representatives finally got someone to review my account suspension. 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). You can even find bags, purses, make-up, and other accessories on Poshmark. You know what theyre going to take, so you can price your items accordingly. 4. Aside from claiming that an item is authentic when it's not, Depop's guidelines prohibit selling fake or counterfeit items. The standard depop fee remains the same at 10% and they will charge processing/transaction fees, thats it. For more information, please see our 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. Strictly keep all your transactions in-app while using Depop Payments. Answer: Depop fees / Why have I been charged? No action needed well take care of the rest. To do this, it is your responsibility to ensure that they don't encounter any issues with the item they ordered from you. 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. Shoot your item on a clear background to keep your buyer's attention on the item. We offer both PayPal and Depop Payments to give our users more flexibility while buying and selling on Depop. But you'll only be charged for the items that get sold on Depop. Rag houses, outdoor markets, vintage shops, car boot/garage sales, charity and thrift stores are great sources of stock for your Depop shop. Has it gotten fixed for you yet? Now you know to price your item for more than $5 so you make more money. Your own wardrobe - old, new, clothes you no longer wear, or items you want to give a new home to make space. Depop payment via paypal. To send a partial refund, choose the Partial refund tab instead and type in the amount you'd like to refund. Poshmark, based in California, began in 2011. For more information on shipping, check out our shipping guide. A major plus for Depop payments is that you get the money as soon as your item sells. Its growth shows now signs of slowing and has been accelerated even more since its aquisition by the marketplace etsy. It doesn't appear in any feeds, and anyone with a direct link to it will see a message like this one. welcome to another Depop video!! All US sellers will need to sign up by 10 January 2022. You can learn more about how Depop fees work in our help centre article. Theyre only providing an outlet for individuals to use. For sellers in the United Kingdom, that fee increases to 3.4% and an additional 0.30. But how does this marketplace of buying and selling work? Each site takes a different commission and has ways of promoting your items. For any item that sells for less than $15, they take $2.95. Are you sure that email was from paypal and not a spoof? Depop is the fashion marketplace app where the next generation comes to discover unique items. You have to wait with Poshmark, but you wont pay fees to access your own money. 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. Depop payments will be around for a long while whether you prefer it as a seller or not. How you do this varies by where youre located. If you can, try to settle the issue with the buyer first to prevent an issue from being raised with PayPal. DEPOP & DEPOP PAYMENTS SHIPPING VIDEO: https://youtu.be/jKjUcMXcKk. That's a big change from instant isn't it ? and now one of our new services is also live we present to you: eBay Cross-Listing! Depop does not have subscription or listing fees but they charge a 10% flat rate on every item sold. Sellers list unique clothes, usually vintage but still trendy. It started as a social network, like an innovative magazine. When youre considering Depop vs Poshmark, look at your items with a critical eye. Depop Limited is simply the formal legal name of the Depop company. Explore is a great place to start looking for unique fashion on Depop. If youre going to shop a lot on either app, its worth saving some filters so youll only see items that fit you. 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! Hi guys! We offer a 14-day free trial to let you experience the difference of what our app can make. You also don't have to worry about signing up and paying straight away to test our bot. I'm not sure if that's still applicable or if paypal was just weird and would allow that. Even then, Poshmark has up to three days after delivery to release the funds. A 10% Depop fee is charged on the total transaction amount (including shipping costs). 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! If you love shopping at thrift stores, youll love browsing Poshmark and Depop online. Being fast in sending orders is a good thing. 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!) However, you have to look more into what youll actually make from Depop. Note: Be aware that any sale of confirmed counterfeit items, PayPal and Depop may not be able to arrange or facilitate a return. Ive sold my clothes on both Poshmark and Depop. Tap Continue to review the details, then click on Confirm refund. One of the practical tricks to do this is by cross-listing. EVERYTHING YOU NEED TO KNOW ABOUT DEPOP AND PAYPAL FEES || WHAT IS DEPOP LIMITED 31,331 views Oct 9, 2020 989 Dislike Share Save Stephanie Vargas 4.11K subscribers Hey my sweets!! 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. Arranging a return is easy. The focus on Depop is for vintage items instead of upscale current fashions. We walk you through how to ship on your own step-by-step in the next article. Poshmark has a set shipping fee of $7.45. Some sellers offer discounted shipping if you order more than one item from their shop. 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. Enter the amount you want to refund. Signed up already? 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. 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. Review the information and click Issue Refund. Depop Payments will become a requirement for selling on Depop. Were introducing Depop Payments a new payment method powered by Stripe Connect to make it easier to buy and sell on Depop. Founded on the tenets of social commerce, Depop is a P2P eCommerce platform. But what about getting your hands on the money youve earned? Any online platform that allows individuals to sell items is going to take a commission; theres no way around it. You will also be charged a standard transaction fee by either of PayPal or Depop Payments of around 2.9% + /0.30. Trainers. As a seller, will Depop payments really be better than using PayPal? A responsible seller is very unlikely to receive any disputes.