When it comes to buying and selling fashion on Depop, understanding the fee structure is key to a successful and transparent experience for both sellers and buyers. Let’s delve into the world of Depop fees from two perspectives: sellers and buyers.
For Sellers:
As a seller on Depop, here’s what you need to know about fees:
- Selling Fee: Depop charges a 10% fee on the total transaction amount, including shipping costs.
- Transaction Fees: Sellers using Depop Payments face a 3.3% + $0.45 fee, while those using PayPal incur a 3.49% + $0.49 fee.
- Boosted Listings: Opting for Boosted Listings incurs an additional 8% fee, offering increased visibility for your items.
- Calculating Earnings: It’s essential to factor in all fees when pricing your items to ensure you account for Depop’s charges.
For Buyers:
Buyers should be aware of the following fee considerations:
- Depop Fee Inclusion: The 10% Depop fee is added to the total price, including shipping, impacting the final cost of items.
- Transaction Fees: Buyers using PayPal or Depop Payments should note the slight variations in transaction fees based on location.
- State Sales Tax: Certain US locations require state sales tax, affecting the overall price of items for buyers.
- Budgeting Wisely: Understanding all costs involved, including fees, helps buyers make informed purchasing decisions.