{"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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What is depop payments ?<\/strong><\/h2>\n\n\n\n

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

How does depop payments work ?<\/strong><\/h3>\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

Pros of depop payments<\/strong><\/h3>\n\n\n\n