Sydney Trindle asked, updated on January 1st, 2023; Topic:
how to sell on depop
👁 410👍 8★★★★☆4.1
Once an item sells, Depop will automatically charge a 10% fee on the sale price (including the shipping costs). The fee will be taken from your connected PayPal account or the card you are using on your Depop account. Also, there's a PayPal transaction fee of 2.9% + $0.30 in the USA and 2.9% + £0.30 in the UK.
How much will I be charged? Standard transaction fee of around 2.9% + £/€0.30 across Paypal and Depop Payments. If you are in the US, the standard Paypal fee is 3.49% + $0.49.
In all cases, why is Depop charging me so much? If for any reason you have a negative balance in your PayPal account when you buy or sell something on Depop, you get charged the sum due to Depop for that transaction plus the pending negative balance you owe to PayPal (which might or might not be related to Depop).
Finally, does Depop take more than 10%?
When you sell an item, Depop will automatically charge the 10% fee on the total transaction amount, including shipping costs. This charge will be taken directly from your PayPal account or the card you are using for payments.
Does Depop charge if you mark an item as sold?
You've sold an item. How does Depop charge fees? Depop charges a 10% flat rate fee on every item sold.
No PayPal account? No problem. We do suggest creating an account so you can view any purchases you made through PayPal more easily. If you are considering selling on Depop in future, you will need a PayPal account.
Example, If you spend $10 on an item and sell it for $15 and you finally made $11 (after deducting paypal and depop fees). You made $1 in profit. So your Profit Margin in the $11 is 9.09%. Meaning, 9.09% of your revenue contains profit!
When you sell an item, Depop will charge you a 10% fee on the total amount of your listing, which includes shipping costs. The charge will be taken from your PayPal account or the card you are using for payments on your Depop account.
PayPal's basic fee is 2.9% plus $0.30 USD per sale. This rate is the foundation of all PayPal seller fees that PayPal charges from within the US for nearly all transactions....What Percentage Does PayPal Take?
According to Depop, it's safe to buy from their marketplace if you adhere to their guidelines. To minimize the likelihood of being scammed, you should only make a transaction through the app or website and make sure to click the “BUY” button.
the payment will typically be available to you within 21 days after receipt (the funds may not be released until later in the day). 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.
Payments are primarily transacted via Paypal, but buyers can now use Apple Pay, Google Pay and debit/credit card to pay for an item if a seller uses 'Depop Payments', by connecting their bank account to the app.
Even if you don't have ANY activity (sending or receiving money,) simply making the account before you turn 18 will have you banned for the rest of your life. They also may ban anyone that lives at the same address as you such as a mom or dad. You should watch your child activities.
Order can only be cancelled before confirm received. The “Cancel Order” option will be unavailable after confirm received. If you still have an issue, please contact your seller/buyer personally to handle it if necessary.
Grailed Seller Commission Fee: 9% The Grailed Commission fee is applicable to Domestic and International transactions. The Grailed Commission fee is 9% for listings created after August 12 at 12:00 p.m. ET.
Verifying your phone number helps us confirm your identity and secure your account. We want to provide a safe and secure platform for our Depop community and this step helps us to know you're a real person who won't commit fraud or harm other users in our marketplace.
Generally, you never have to charge more than $11 shipping unless you're shipping a bundle (more than one item). Always triple check that you're mailing the right item to the right person, and verify that the buyer's address on Depop is the same as the one listed on their Paypal.
You do not need a PayPal account to purchase items on Depop. If the seller sells through PayPal you should be able to check out as a guest if you do not have a PayPal account. Sometimes PayPal at checkout PayPal may require a user to create a Paypal account.