depop payments vs paypal depop payments vs paypal

I think I have done all the steps to verify it but I haven't had anything to confirm this. Sold through Depop Payments If the item was sold and paid using Depop Payments, you could settle any issues with your transaction through Depop. What is that? You can use Apple Pay, Google Pay, Paypal, credit and debit cards. 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). When it comes to shopping ease, Depop is the clear winner. When will I know if I am going to receive the payment? Depop Payments lets buyers use Apple Pay, Google Pay, credit and debit cards, as well as Paypal to shop on Depop. Depop started out using paypal to process virtually all transactions, so every sale you made would be sent instantly into your paypal account. Ill still make sales, but its rarely at my set price. Many Depop sellers do this to reach more audiences, making their chances of coming across the right buyer for their item higher. Answer: Depop fees / Why have I been charged? When you first open Poshmark, you might not enjoy browsing. All UK sellers will need to sign up by 8th December 2021 to continue listing. Price is high and FIRM as I dont mind keeping might take down later A 10% Depop fee is charged on the total transaction amount (including shipping costs). 2019-2023 All rights reserved. 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. Theyre only providing an outlet for individuals to use. On Poshmark, Ive gotten a lot more negotiations. For those who are already on our newsletter list (wait, you arent? Poshmark, based in California, began in 2011. 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. As a buyer, you can now pay through Apple Pay, Google Pay, and your credit or debit cards. Depop has been working on a new payment method for what seems like years and years. Now you have the know-how on how selling at Depop works, and youre ready to get listing and start selling for yourself. 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. !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 !! If you sell it for $15 or more, then Poshmark takes 20% commission. However, sometimes tiny details get missed, which is understandable as long as you are willing to correct the mistake and make amends. Payment Depot credit card processing works for mobile, terminal, ecommerce, and POS transactions. Your sales will now be deposited in your bank account rather than you having to go through paypal. You will click on Get started. Heres how you will add Depop payments to your account. The business itself is expanding and now has offices in Milan, New York City, and Manchester. Select the payment you want to refund and click Issue a refund. You will also be charged a standard transaction fee by either of PayPal or Depop Payments of around 2.9% + /0.30. Choices like this keep the circular economy going its kinder to people and the planet. Why should I get a PayPal account? If you choose to cash out, the money transfers to your linked bank account with no additional fees incurred. 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. Tap Checkout, then review your shipping address to make sure its correct. The fashion industry produces a lot of clothing waste every year. Of course, the more satisfied your buyer is, and the better experience they get from your shop means more returning buyers in the future. Check out our Depop payments blog for further details. 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. Find it on Depop. Preloved. Whatever your style. So whether youre buying, selling or doing a little of both, using Depop is a straightforward - and enjoyable - experience. They dont take money for the shipping label, transaction processing fee, sales tax, or customer support. Tap Continue to review the details, then click on Confirm refund. First, it qualifies you to Depop seller protection. A sub for discussing all things Depop. Or maybe youre looking for styles that are 100% you? Offering free shipping is a plus, too, if you want to sell your item faster. 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. Depop payments fees are relatively similar to paypal but it is somewhat easier to reason about. It simply means that in a $100 item sold, $10 goes to Depop. Heres our easy guide to the ins and outs of selling on Depop. Super fkn cute Japanese gyaru brand D.I.A low rise pleated black miniskirt with the coolest gold chain and zipper details. If you love shopping at thrift stores, youll love browsing Poshmark and Depop online. 2. Choose the transaction you'd like to refund, then tap Refund, For a full refund, select the Full refund tab. Listing on Depop is simple and easy. Strictly keep all your transactions in-app while using Depop Payments. This applies more so if they do not already have a paypal account. Our global community buys, sells and connects to make fashion more inclusive, diverse and less wasteful. Its hard to choose a winner when it comes to payment with Depop vs Poshmark. Length 10 To send a partial refund, choose the Partial refund tab instead and type in the amount you'd like to refund. Hi does anyone know how to verify your PayPal account for selling items on depop? We offer both PayPal and Depop Payments to give our users more flexibility while buying and selling on Depop. Improved payment experience There are so many sites available, but they all have their pros and cons. Use natural lighting to avoid over-exposur or soft light boxes to find the perfect level of lighting. Signed up already? I'm not sure if that's still applicable or if paypal was just weird and would allow that. 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. Thank you so much for watching! While some have a specific budget to follow, some would also consider buying an item if it is reasonably priced. Both sites charge more for shipping internationally, but domestic purchases usually have a flat shipping rate. Youre set. Etsy vs Depop: How Much Can You Earn * have frontal try on in another listing, All purchases through Depop are covered by Buyer Protection. Theres no harm in listing the same items on both sites. - Add the correct category, location, condition and item price. Ensure to ship orders to the address on the Depop receipt. You dont get paid until the item ships to the customer and they accept delivery. 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. Enter your routing (nine numbers) and checking number to complete. One of the easiest ways to save on costs is by saving on your shipping cost. Founded on the tenets of social commerce, Depop is a P2P eCommerce platform. Poshmark fees are set. Physical stores make money when people buy their products. Promptly answer Depop's emails in the given timeframe. All you have to do is sign up here, and we will text you the link to the app. Depop payment: Get paid via PayPal or through Stripe using Depop Payments. 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. Streetwear. They allow users to shop through their website or mobile app. Even then, Poshmark has up to three days after delivery to release the funds. Depop will then conduct an evaluation to see whether your item is significantly not as described. All you have to do is create a draft once, and you can effortlessly cross-list to any platform that our team has integrated. 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. Its flat-out fun to browse on this app, and youll most likely find at least one item you cant live without. Join. Hey my sweets!! Click Continue. Theres an app for that and if youve set up your Depop account, youre already on it. Vintage. Its growth shows now signs of slowing and has been accelerated even more since its aquisition by the marketplace etsy. Are you sure that email was from paypal and not a spoof? You should do this within the allocated time frame to show that you are an honest and responsible seller. 2. Then, youll be able to plan ahead and come up with a fair price for every item you list in your closet. The way Depop works is simple. 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. Here are some vital facts and figures about how Depop works today. 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. PayPal has merchant fees that you'll incur, further cutting into your profits. 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. You fail to respond to Depop's emails within the timeframe. i have $97 in there. Now you know to price your item for more than $5 so you make more money. Follow these steps when youre ready to checkout: 1. While the framework of both sites is similar, you may wonder which is better in terms of Depop vs Poshmark. For a business to succeed, having a fully equipped and knowledgeable seller is a must. Poshmark has customer protections in place that make it a trustworthy company but can be frustrating if you need cash now. Depop is integrated with PayPal, which means that all payments made on the platform are processed through PayPal. Your honesty as a seller can make a huge impact on your business. Being fast in sending orders is a good thing. To have appealing photos, ensure that you only use clear and high-quality ones to stand out from other competitors. If you sell on depop the only other option is to branch out to other marketplaces. 98. r/Depop. Be on top of this by keeping an eye on your email for any letter coming from PayPal. Here are a few to start: 1. Want to discover your next favorite thing? 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. 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. Before posting and pricing your items, you must also consider other Depop selling fees and PayPal transaction costs. So this new payment system will mean quicker access to your money. For American sellers, they take an additional 2.9% fee plus $0.30. But if youre trying to browse, you might feel overwhelmed with this visual. Arranging a return is easy. Verify your information with Paypal (banks, cards, email, etc). Once shipped, keep your buyer updated. Suppose both parties did not arrive at a resolution. Once you sign up to use the platform, you can start uploading items to your shop. If you still have any questions at all please feel free to comment and i will be happy to answer. I one hundred percent agree and hate Depop payments because of the withholding process. Streetwear. Read on and learn how to save your Depop listing and your earnings. DEPOP PAYMENTS ONLY. Both are straightforward and simple to do. When you sell clothes online, youre earning a little money back from what youve spent. Stripe has similar fees, so youre not really making as much from Depop as you initially think. This charge will be taken directly from your PayPal account or the card you are using for payments before the remainder of . As a seller, fees can really dig into whats left for you. link to Yes, USPS Regional Boxes Are Discontinued, link to How To Pack & Ship An Xbox (With Pictures). - Ship With Depop: Ship through Depop with USPS (mainland USA only). 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. 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. For more information on shipping, check out our shipping guide. 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. - Select a photo to represent your account - thisll be how other buyers and sellers see you around Depop. I miss those simple PayPal instant payments I cant trust Depop withholding money for an uncertain amount of time. Poshmark is a trademark of Poshmark, Inc. Reseller Assistant is not endorsed, affiliated or certified by Poshmark Inc. Best Poshmark Pricing and Selling Fees Guide, Reseller Assistants Black Friday Event 2020, How to Increase Poshmark Sales (Ultimate Guide 2022), How To Host a Poshmark Party: A Step-By-Step Guide. If people like your listings as they might like an image on Instagram, you can offer it to them. Review the information and click Issue Refund. As the platform grew to 26 million users, it expanded to a resale platform. And thats it - youre now all ready to start buying, selling or doing both on Depop. Trainers. DEPOP & DEPOP PAYMENTS SHIPPING VIDEO: https://youtu.be/jKjUcMXcKk. You dont need to select buyer or seller when you set up - every user is able to do both from the moment theyve registered. You can use a crosslisting app here to automatically list from depop to other marketplaces like vinted, ebay, poshmark and more! Then I sent them this. 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) Reddit and its partners use cookies and similar technologies to provide you with a better experience. A 10% Depop fee is charged on the total transaction amount (including shipping costs). Depop, based in London, began in 2011. 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. Press J to jump to the feed. PayPal features and capabilities Like Payment Depot, PayPal can handle a variety of transactions, both in person and online. That covers everything you need to know about how Depop works. You will also be charged for the Paypal fee which is 2.9% + $0.30 in the USA plus the applicable shipping fee. For example, I remember being able to use the pending deposit from a sale on Paypal towards paying for the shipping label. 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! Weve even seen eBay make a move to do something similar with eBay managed payments for very similar reasons. All youll need to do is to enter your name, address, phone number and date of birth. thats a major concern. If the buyer chooses to pay with Depop payments instead, the fees will be 2.9% + $0.30. Its the platform for individuals to resell their clothes, shoes, and accessories. Connect your Depop account to the Paypal account you will be using. We walk you through how to ship on your own step-by-step in the next article. 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. if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[250,250],'fulfilledmerchant_com-banner-1','ezslot_15',125,'0','0'])};__ez_fad_position('div-gpt-ad-fulfilledmerchant_com-banner-1-0'); You will need a shipping scale and a measuring tape but theyre inexpensive and you will save money in the long run. 4. Reworked items - upcycled, handmade and repaired items are all great. Read Next: How to Ship on Your Own on Depop, Yes, USPS Regional Boxes Are Discontinued. If you want to keep them for later on, you can like or save them. Learning about both Poshmark and Depop will help you understand each site. Tap Buy, then the shopping bag icon in the top right corner. Enter the amount you want to refund. 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? Tap the Search tab at the bottom of the app to search for items and find exactly what youre looking for. How much of a fee does Depop take? All you have to do is ask your buyer to return the item with tracked shipping. Using a tracked shipping method is the ideal way of sending your orders. That also gives you a huge audience of potential customers who want to shop your closet. You can learn more about how Depop fees work in our help centre article. Press question mark to learn the rest of the keyboard shortcuts. LOVE YOU LOTS! https://www.paypal.com/uk/smarthelp/article/how-do-i-verify-my-paypal-account-faq444?app=searchAutoC 1999-2023 PayPal, Inc. All rights reserved. In other words: the easier it is for people to pay you, the more likely it is that youll get paid. Ive sold on both and also browse the two to buy stuff so I can show you the ins and outs of what works. 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. Note: Be aware that any sale of confirmed counterfeit items, PayPal and Depop may not be able to arrange or facilitate a return. Be sure to read through its description and check the sizing to be sure its what youre looking for. Do you know where to find money that is pending before being put into your account? Depop is like that hip thrift store in your city. PayPal has merchant fees that youll incur, further cutting into your profits. welcome to. Theyre transparent about their fees and dont take portions of the shipping cost. Depending on which methods your seller accepts, you can check out using either of these options. Scroll down and tap Edit My DNA to add the styles, brands and sizes you want to see. Lets go over it. Theres nothing worse than seeing the perfect clothing on your home page, only to realize its too small for you. Sneakers. 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). Poshmark is the thrift store where people are selling brand name items that you can get for a deal. Designer. Aside from dodging copyright issues, posting the actual photos of your item also help set your buyers' expectation. 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. Fees on Depop are very straightforward. Messaging sellers and shipping vary depending on if youre using Depop vs Poshmark. Why don't you give this a go for me by following these steps? The standard depop fee remains the same at 10% and they will charge processing/transaction fees, thats it. 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. Were introducing Depop Payments a new payment method powered by Stripe Connect to make it easier to buy and sell on Depop. Lets face it most online shopping isnt always the most deliberate/thought through process, so any uneccessary friction will result in buyers leaving. Sellers list unique clothes, usually vintage but still trendy. However, you have to look more into what youll actually make from Depop. But theres a good chance you can find those items on Poshmark, too, so its an ideal first stop. Vintage. Join our list at the bottom of this page!) A responsible seller is very unlikely to receive any disputes. It will show up on your bank statement when the seller fees are debited from your account. 3. You might feel like youre getting a deal on clothes, but dont forget shipping costs. Poshmark offers sellers tools to help your listings reach the right audience. and you should because it increases your options. Do thorough research on your item if you are unsure of its authenticity. I decide to make this video in hopes that it will clear up some questions for you. If branching out does not seem like something you want to do at the moment then youll need to accept the new system and set up depop payments. It will take longer for your money to reach your bank account with depop payments. Only you should NEVER send an item before the funds are showing in your paypal account balance. Depop has now made a move to their own payment processing sytem powered by Stripe Connect. 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. Items like health and wellness products, home goods, or collectors items arent listed on Poshmarkits for fashion only. Vintage. If y'all remember I posted how I got banned for hashtags that were FINE. But they might integrate the price of shipping into the item itself. In any business, including online selling, creating a seamless and good buyer experience is an essential part. Learn More. 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. But don't worry, How To Pack & Ship An Xbox (With Pictures). Thanks for any help, Thank you. - First, download the Depop app in the App Store or Google Play. Also read: Poshmark vs Mercari: Which is best for Sellers? Here, you will enter your address. Whatever your style. While it is still new and people may run into hiccups, the most positive part of the new Depop payments is the lesser fees. When you sell an item, Depop will automatically charge the 10% fee on the total transaction amount (including shipping costs). Some sellers offer discounted shipping if you order more than one item from their shop. Heroine is a trademark of Grailed, Inc. eBay is a trademark of eBay, Inc. Facebook is a trademark of Facebook, Inc. Facebook Marketplace is a trademark of Facebook, Inc. OneShop is not endorsed, certified, or affiliated by List Perfectly, Vendoo, mercariBOT, ResellKit, SellerInsight, PrimeLister, Cross List It, Hammoq, ListingJoy, Crosslist, Poshmark, Tradesy, Mercari, Depop, Grailed, Facebook Marketplace, eBay, Kidizen, or Etsy. 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. the payment will typically be available to you within 21 days after receipt (the funds may not be released until later in the day). You will need to have a valid PayPal account linked to your Depop account in order to buy or sell items . When you're selling an item on Depop, the seller is always responsible for shipping to a buyer. Your item was as described, but the buyer changed their mind. Ship your item using tracked postage that can show confirmation of delivery to the buyers' address. Preloved. Many customers might make a cheap offer just to see what they can get. Instead, they have to DM you directly. yea i prefer PayPal because depop payments still hasn't paid out to my credit card & i made my first sale january 8th . For any item that sells for less than $15, they take $2.95. Depop Payments lets buyers use Apple Pay, Google Pay, credit and debit cards, as well as Paypal to shop on Depop. Its easy to list items on both Poshmark and Depop. You dont have to worry about getting paid after shipping the item or ensuring its delivered. 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. While one sale may not make too much of a difference, the fees can add up if you sell regularly. Feb-22-2020 01:57 AM. Here well break down how shipping works in the UK and the US. While it is still new and people may run into hiccups, the most positive part of the new Depop payments is the lesser fees. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. To solve this, you should just need to add and confirm the correct email address to your PayPal account. The price of an item is another factor that dramatically affects your potential buyer's purchase decision. You are viewing the PayPal Community Archives. 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 . If you sell something less than $15 on Poshmark, they take a $2.95 fee. After this, Depop will mediate a resolution between yourself and the buyer. To provide a good customer experience, remember to ensure that the item is clean before you pack it. Sorry, this post was deleted by the person who originally posted it. Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. Its better to curate your collections to ensure youre delivering what each group will want to buy. Here is how joining Depop works, step by step. Its easy to say that its more fun to buy clothes and accessories, regardless of Depop vs Poshmark. Sell your old clothes and replace them with new-to-you, secondhand finds. Each PayPal transaction currently costs 3.49% + $0.49. Rag houses, outdoor markets, vintage shops, car boot/garage sales, charity and thrift stores are great sources of stock for your Depop shop. Buying and selling clothes online reduces the amount of clothing going into landfills. Buying on Depop is not complicated. Think of it like browsing a thrift store from the comfort of your own home. Answer (1 of 3): No, it is not possible to use Depop without a PayPal account. 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. Please note that transaction fees may vary based on your location and PayPal account setup. I also like to use filters so I see only what items will fit me. 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. 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. Depop doesnt have an option for people to make offers on your items. To do this, it is your responsibility to ensure that they don't encounter any issues with the item they ordered from you. Before you price an item, you can guarantee that Poshmark takes $2.95 of the profit. Has it gotten fixed for you yet? Therefore, taking commission is how these companies make money.