How much do you make from Depop?

And for some, selling on Depop is a lucrative hobby. Swidenbank said that some users pull in as much as $300,000 a year selling on the app.

Is it hard to sell on Depop?

While there are many online marketplaces, Depop is probably one of the easiest to use, making it simple to start selling items right away without any long-form verification.

How long does it take to get money from Depop?

You will typically receive the payment within 21 days of receipt (the funds may not be released until later in the day).

Why did Depop take half of my money?

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 before the remainder of the money you have made is paid to you.

Can you get scammed on Depop?

Most scammers seem to follow the same MO: they hack a legitimate Depop user’s account without the original user realising; usually, the person being hacked is a young woman with positive seller reviews who hasn’t used their account for a while.

Who is the top seller on Depop?

Chiara Ferragni. Chiara Ferragni, otherwise known as The Blonde Salad , is one of the biggest Depop users. She has over 1.7 million followers and often sells the likes of J Brand jeans and seasonal pieces.

How often should I post on Depop?

The general consensus is at least ONCE a day. You should be refreshing ALL your items on depop at least once a day.

Why can’t I sell anything on Depop?

Make sure you have only used 5 or less hashtags in your item description. Double check you’re not using any offensive, abusive, or prohibited terms in your description. The item information. You’ll need to select a location, category and condition to be able to post a listing – make sure that info is added.

Who pays for shipping on Depop?

Buyer pays for shipping. When a buyer purchases your item, we immediately deposit the money (item price and additional shipping cost) into your PayPal account, then take out the shipping cost and our usual 10% selling fee in one transaction. Click “Save”, continue setting up your listing and publish.

Can you sell anything on Depop?

You may only sell items in your possession and you may not buy or sell items that are legally prohibited in the country you live in. That goes for items that are listed as allowed in our list. At Depop, we reserve the right to decide what items are or aren’t allowed on our app at any time.

Why is my money still on hold PayPal?

Why are my funds inaccessible or on hold? PayPal may place a hold or restrict your account activity if a little more information about a transaction, your business or your account activity is needed (you can read more about them in our User Agreement).

Why is Depop fee so high?

Why do Depop charge 10%? Depop charges a 10% selling fee for sales on the platform. Our 10% fee is in place to keep the app up and running, release new features, provide Buyer and Seller Protection and pay our employees.

Do you make more money on Depop or poshmark?

The 10% fee: Depop’s commission from a seller’s sold item is at 10%. Regardless of your listing price, that percentage will be taken out by the platform after the item is sold. This makes Depop stand out when it comes to the commission fee compared to Poshmark who charges 20% on items priced above $15.

Why is Depop bad?

Recently, many Depop sellers have come under fire for a pattern of unethical buying and selling practices. Sellers who appear to be wealthier individuals are being accused of raiding thrift stores to buy tons of product for a cheap price and re–selling on the platform for a signifigant mark–up.

Does Depop show your address?

Contact Details and Proof of Identity When you open your account you will provide us with contact information like your name, email address, telephone number and address. We use this contact information so we can get in touch with you: About the products you buy and sell through the Service.

Will Depop refund me if I get scammed?

All purchases made in-app and/or on the Depop website, are covered by Buyer Protection and you’ll receive a full refund if your item doesn’t arrive or if it’s significantly not as described.

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