{"id":4524,"date":"2021-10-03T05:11:31","date_gmt":"2021-10-03T05:11:31","guid":{"rendered":"https:\/\/staging.selleraider.com\/?p=4524"},"modified":"2024-05-28T22:53:34","modified_gmt":"2024-05-28T22:53:34","slug":"depop-fees","status":"publish","type":"post","link":"https:\/\/staging.selleraider.com\/depop-fees\/","title":{"rendered":"Depop Fees Guide – Everything You Need to Know"},"content":{"rendered":"\n
Attention resellers!<\/p>\n\n\n\n
Have you heard of Depop\u2019s new fee structure<\/strong>?<\/p>\n\n\n\n One of the most important things to keep tabs on is Depop’s fee updates.<\/p>\n\n\n\n We know navigating fees can be confusing, but fear not \u2013 we’ve simplified it all for you.<\/p>\n\n\n\n In this article, we’ll break down all the latest fee changes <\/strong>on Depop UK, so you can stay in the loop and keep your business thriving.<\/p>\n\n\n\n Let\u2019s dive in! <\/p>\n\n\n\n Starting your reselling journey on Depop comes with its own costs, but don\u2019t let that scare you away!<\/p>\n\n\n\n From listing your items to finalizing a sale, there are a few charges you’ll encounter.<\/p>\n\n\n\n These fees are a small price to pay for access to Depop’s large audience<\/a> of 35 million users and user-friendly seller features. <\/p>\n\n\n\n There are several fees<\/a> sellers should know about:<\/p>\n\n\n\n Also known as Depop commission fees, these seller fees are charges placed on each item sale price. <\/strong><\/p>\n\n\n\n The Depop commission fee is paid to the marketplace to be used on platform maintenance such as improving customer support, marketing, and technical upkeep of the Depop app.<\/p>\n\n\n\n For UK-based sellers making sales in GBP (\u00a3), here’s some great news: there are absolutely no selling fees!<\/strong><\/p>\n\n\n\n In fact, this exciting update was released in March 2024 and applies to all new listings created from March 20th onwards. <\/p>\n\n\n\n Instead, UK buyers will encounter a marketplace fee<\/strong> of up to 5% of the item price (+ a fixed amount of \u00a31).<\/p>\n\n\n\n Unfortunately for sellers outside the UK, Depop\u2019s commission fees remain the same. <\/p>\n\n\n\n Sellers will incur a 10% selling fees charge<\/strong> on the item price (excluding taxes), and shipping cost if they haven\u2019t used a Depop Shipping label. <\/p>\n\n\n\n Also known as transaction fees, these charges are incurred whenever a transaction is made through the platform. <\/strong><\/p>\n\n\n\n There are two types of payment processing fees<\/strong> you should know about:<\/p>\n\n\n\n Depop Payments is the platform\u2019s integrated payment system<\/a> and it allows buyers to use various payment methods including debit card, credit card, Apple Pay, and Google Pay.<\/p>\n\n\n\n What\u2019s great about this system is that your funds will be available in your balance immediately <\/strong>after a transaction is complete and the buyers will have a seamless checkout experience.<\/p>\n\n\n\n You can view your balance in the Payments section of your Selling Hub.<\/p>\n\n\n\n Your payout<\/a> will then be transferred to your linked bank account 10 business days<\/strong> following the date of the sale. <\/p>\n\n\n\n Sellers in the UK<\/strong> will be charged 2.9% + \u00a30.30 on the total transaction amount (including taxes and shipping costs). <\/p>\n\n\n\n Sellers in the US<\/strong> will be charged 3.3% + $0.45 on the total transaction amount (including taxes and shipping costs). <\/p>\n\n\n\n Sellers based outside the UK and US need to connect their PayPal account to their Depop<\/strong> as Depop Payments isn\u2019t available to them. <\/p>\n\n\n\n PayPal, like all other payment processors, will charge all sellers a transaction fee each time a sale is made. <\/p>\n\n\n\n The amount will vary depending on your location<\/strong>, so be sure to check this out directly through PayPal. <\/p>\n\n\n\n TIP:<\/strong> Add the cost of shipping to your listings\u2019 price and offer free shipping to appeal to potential buyers. <\/p>\n\n\n\n Shipping costs will largely vary based on the seller\u2019s location and their shipping option.<\/p>\n\n\n\n There are two main shipping options<\/strong> for sellers located in the UK:<\/p>\n\n\n\n This service allows sellers to ship their items to buyers using a prepaid shipping label <\/strong>directly through Depop (via Evri). <\/p>\n\n\n\n Simply print and attach it to your parcel!<\/p>\n\n\n\n Your items will also be fully tracked and eligible for Depop Protection<\/a> in case they are lost or damaged in transit. <\/p>\n\n\n\n Depop offers various shipping options<\/strong> based on the size and weight of the item:<\/p>\n\n\n\n\n
What is The Cost of Selling on Depop?<\/strong><\/h2>\n\n\n\n
Depop Selling Fees <\/strong><\/h3>\n\n\n\n
UK Sellers (<\/strong>LATEST 2024 CHANGES<\/strong>)<\/strong><\/h4>\n\n\n\n
Non-UK Sellers<\/strong><\/h4>\n\n\n\n
Depop Payment Processing Fees<\/strong><\/h3>\n\n\n\n
Depop Payments Fee (UK and US Sellers)<\/strong><\/h4>\n\n\n\n
PayPal Fee (Outside the UK\/US)<\/strong><\/h4>\n\n\n\n
Depop Shipping Fees<\/strong><\/h3>\n\n\n\n
UK Sellers<\/strong><\/h4>\n\n\n\n
\n