Currently, the fast fashion industry is a major contributor to landfills, generating 25 billion pounds of waste annually in the United States alone. Not to mention, in general, it accounts for 8% to 10% of global carbon emissions. One way to counteract this is through sustainable shopping – i.e. second-hand stores, which is why second-hand e-commerce platforms such as Poshmark, Vinted, Macari and Depop have risen in recent years.
You might want to consider the pros and cons of Poshmark vs Depop. While these platforms share the same core function – reselling fashion items – they have different shipping rates, profit cutting, selling expenses, and community-focused features. Which platform is better to do?Let's talk about it today.
Poshmark: Poshmark is a marketplace for those who want modern clothing and accessories, often second-hand. It has over 60 million users and approximately 100 million items for sale in North America, and it also has social features.
Depop: Headquartered in London, England, Depop is a fashion-forward resale marketplace. Some have described it as "a bit eBay and a bit Instagram" because of its direct market model and high focus on trends and aesthetics. This youth-focused app is aimed at millennials and Gen Z, with a third of 16 to 24-year-olds in the UK using the app.
Vinted: Vinted is a popular second-hand trading platform in Europe and the United States in the past two years, especially in France, with more than 22 million users worldwide.
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Poshmark is more geared towards millennials. Sellers have had a lot of luck when it comes to launching brands like Madewell, Zara, Coach, and Banana Republic. On Poshmark, you can earn a premium by selling brand new items, but shoppers don't care about vintage items that are worth a lot.
Depop is aimed at Gen Z. In addition, Depop also acts as a kind of thrift store, where people are willing to pay for items that are considered high-quality or particularly fashionable, such as DOC Martins, Levis Jeans, or Urban Outfitters.
The audience on the Vinted platform is relatively broad, and the types of products that are popular for resale include: men's and women's bags and clothing, children's or baby products, household products, books, beauty and skin care products, etc.
Poshmark & Vinted are very strict and involved in returns and disputes between customers and dealers. The platform's support team oversees and judges all returns, which means that if there is a dispute over oversize or the quality of the item (all the common reasons for ecommerce returns), it cannot be resolved between the merchant and the customer. Rather, it is decided by a third party who has limited knowledge of the situation and is biased.
In Vinted, if the seller returns the problem, the platform will generally supervise it, and there is a high probability that there is no reason to return the product, and the seller complains more troublesomely.
The features of Depop are different. On the platform, resellers are essentially e-commerce merchants who set their own return policies and rules. Disputes and returns are not automatically submitted to the support team.
All of these allow payments to be made with the click of a button, and they all offer more than one option.
Poshmark offers more options than Depop. Poshmark buyers can make purchases through PayPal, Venmo, or a bank card. Depop uses PayPal or Stripe to pay sellers.
Depop: For each item sold, Depop automatically charges a standard fee of 10% of the total transaction amount – including shipping. The standard PayPal transaction fee in the UK is 29% +0.£30, the standard PayPal transaction fee in the US is 29% +0.$30.
Poshmark: Poshmark also levies a standard selling fee. For items under $15, the flat fee is 2$95. Over $15, the fee is 20% of the total amount.
Poshmark: The buyer is responsible for shipping – and the deadlines are tight. The item must be shipped within one week (although the recommended timeframe is two weeks) before the customer can request a refund. The platform has a flat rate of 7$11, $5 for buyers shipping less than 7 pounds$11.
Depop: Depop merchants in the United States have two options. When shipping internationally, they can do it themselves internationally, or when shipping in the United States, they can partner with Depop and USPS to ship. Either the buyer or the seller can pay for shipping, the seller specifies, and all fees are charged through PayPal.
Vinted: The postage of Vinted is borne by the buyer, and the actual payment of the buyer includes the shipping fee, and you can choose the courier you can mail in your personal settings, such as EVRI, Youdel, Royal Mail, etc.
All in all, these three platforms are relatively recognizable, if your product is suitable or you have second-hand sales needs, then they are all worth investing in, their alternatives include Mercari, The Real Real, Tradesy, Thredup and Rebag, and there will be a chance to introduce it to you in detail in the future!Cross-border e-commerce