If you’re diving into the world of online selling, Poshmark is a platform that offers a unique marketplace for fashion and lifestyle items. It’s popular among younger demographics and those looking to offload unique or second-hand pieces. But before you get too excited about making some quick sales, it’s crucial to understand the associated selling fees. Here’s a breakdown of what you need to know about Poshmark’s selling fees to help you maximize your profits and avoid surprises.

New Fee Policy Starting October 3, 2024:

Poshmark removed the 20% fee in the US and replacing it with a new 1-2-3 low fee structure. The Poshmark seller fee is $1, $2 or $3 based on the order price plus 5.99% of the order total. The order total includes order price, shipping and taxes (where applicable).

Old Fee Policy Prior To October 3, 2024:

1. For Sales Under $15:

   • Flat Fee: Poshmark takes a flat fee of $2.95. This means if you sell an item for $10, you’ll keep $7.05 after the fee is deducted.

2. For Sales of $15 or More:

   • Percentage Fee: Poshmark charges a 20% fee on sales of $15 or more. For instance, if you sell an item for $50, you’ll receive $40 after the fee is deducted.

It’s useful to compare Poshmark’s fees with other selling platforms to understand if you’re getting a good deal. For instance:

• eBay: eBay charges a final value fee that ranges from 10% to 12%, depending on the category and seller status.

• Depop: As of July 2024. Depop DOES NOT have seller fees. See more here.

• Mercari: Mercari also removed selling fees for sellers, which can be more favorable for high-ticket items compared to Poshmark.

When setting your prices, remember to factor in these fees. If you want to make $50 from a sale, you should price your item higher to cover the fees. For example, if you want to net $50 after fees, you’ll need to set a price of approximately $62.50 to account for Poshmarks 20% selling fee. Use Poshmark’s fee calculator or a similar tool to help you determine the optimal pricing.

Shipping is an essential consideration when selling on Poshmark. You can offer free shipping, provide discounts, or have the buyer pay the full shipping cost. The discounted shipping options are either $4.99 or $5.95. Additionally, you need to manage your shipping costs carefully to ensure they don’t eat into your profits.

When a return case is opened, the Buyer must upload photos and provide any additional details describing the issue as requested by Poshmark support. Poshmark will review the case, and if the request is approved, Poshmark will provide the Buyer with a label to return the item to the Seller. Once the return has been delivered to the Seller, the Buyer will receive a full refund.

• Set Competitive Prices: Factor in all fees and your desired profit margin when setting prices.

• Consider Bundling Items: Offer discounts for bundled purchases to increase sales while managing fees effectively.

• Optimize Shipping Costs: Use efficient shipping methods to reduce costs and make your listings more attractive.

• Stay Informed: Keep up with Poshmark’s fee structure and any changes to ensure you’re always aware of how it impacts your sales.

Understanding Poshmark’s selling fees is crucial for anyone looking to succeed on the platform. By being aware of the 20% selling fee, and shipping fees costs, you can better manage your pricing strategy and maximize your profits. Keep these factors in mind as you list your items and handle transactions, and you’ll be well on your way to a successful Poshmark selling experience.

Happy selling!

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Welcome to our blog!

Hello! We are Meghan and Ryan; we have been resellers for over 25 years. Our tips guarantee you will learn from our experience as sellers. We share our knowledge of building a full-time business throughout our blog post.

In 2019, we started Closet Assistant, which offers a series of automated tools for Poshmark sellers and resellers. The main components of Closet Assistant are its auto-sharer Poshmark Bot and Cross lister. The Poshmark share bot will share your closet and other Poshmark users’ closets with a single click. With our Poshmark bot, you will no longer need to spend countless hours a day sharing your closet. Spend more time where it counts in your Poshmark business! Unlike other services, Closet Assistant is run by a husband and wife team who are actually resellers on Poshmark. Try our auto closet sharer today for a free 7-day trial!