Poshmark’s cut of each purchase is roughly 20%, or a flat rate of about $3 for sales of less than $15, and buyers pay a flat rate of around $7.50 for expedited shipping.
As other members shop and “like” these items, either party can “offer” a discounted price: Sellers use the feature to move their inventory faster, while diligent buyers can haggle for even lower prices on designer goods.
To list an item for sale, post at least one photo along with information about sizing and brand-as well as your asking price. Members follow one another’s virtual closets, sharing, liking, and commenting on items they find interesting or noteworthy. Not long ago, OfferUp merged with letgo, a competitor in the online marketplace space: Now, sellers can reach more users than ever before, and buyers can see more listings in the same place-a win-win when it comes to making a quick sale at a fair price.įor used and new clothing, more than 80 million members in the United States, Canada, and Australia turn to Poshmark, a California-based selling app and social network. (The buyer can only initiate a return if the item has undisclosed damage, is not as described, or is incorrect or missing.) OfferUp takes a service fee on these long-distance transactions-about 12.9% or $2 minimum-and payment is deposited into the seller’s account as soon as the item is delivered and the buyer confirms that they are satisfied. Once the seller accepts an offer, the buyer’s account is charged, and OfferUp prepares a trackable, prepaid shipping label.
On sales that require shipping, OfferUp oversees the communication, payment, and shipping process entirely within the app. While the app is not involved in the payment process for in-person transactions, OfferUp recommends that users exchange cash rather than using checks, cards, or payment apps, and all parties are encouraged to report any suspicious behavior. Within the app, OfferUp has a number of designated “Community Meetup Spots.” These are brightly lit areas with video cameras, offering additional peace of mind for any concerned seller or buyer. Local sales on the app are completely free: Use OfferUp to message back and forth with potential buyers, and then meet up to make the exchange in person. The Spruce Home Improvement Review Boardįounded by Nick Huzar and Arean van Veelen in 2011 as an easier, more mobile-friendly alternative to online classifieds, OfferUp stands out among selling apps for its versatility, large user base, and intuitive interface.
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