{"id":4649,"date":"2021-12-30T23:40:37","date_gmt":"2021-12-30T23:40:37","guid":{"rendered":"https:\/\/staging.selleraider.com\/?p=4649"},"modified":"2021-12-31T00:38:10","modified_gmt":"2021-12-31T00:38:10","slug":"depop-payments","status":"publish","type":"post","link":"https:\/\/staging.selleraider.com\/depop-payments\/","title":{"rendered":"Depop Payments – Ultimate Guide"},"content":{"rendered":"\n
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Depop is a marketplace that is growing very fast since it was founded. Its growth shows now signs of slowing and has been accelerated even more since its aquisition by the marketplace etsy. 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. <\/p>\n\n\n\n
Depop started out using paypal to process virtually all transactions, so every sale you made would be sent instantly into your paypal account. Depop has now made a move to their own payment processing sytem powered by Stripe Connect. Your sales will now be deposited in your bank account rather than you having to go through paypal. <\/p>\n\n\n\n
This move means that depop and their users (buyers\/sellers) have a lot more flexibility in how payments work. 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. We’ve even seen eBay make a move to do something similar with eBay managed payments<\/a> for very similar reasons. <\/p>\n\n\n\n <\/p>\n\n\n\n If you were hoping for a large reduction in fees as a result we are sorry to dissapoint you! <\/p>\n\n\n\n Depop payments fees are relatively similar to paypal but it is somewhat easier to reason about. The standard depop fee remains the same at 10%<\/strong> and they will charge processing\/transaction fees, that’s it. Although there isn’t 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. Here is the fee table gotten from the depop website<\/a>: <\/p>\n\n\n\nPros of depop payments<\/strong><\/h3>\n\n\n\n
Cons of depop payments<\/strong><\/h3>\n\n\n\n
What are depop payments fees ?<\/strong><\/h2>\n\n\n\n