Difference Between Similar Terms and Objects

Difference Between Depop and Poshmark

So, you’ve done your research and shortlisted some of the most valuable pieces of yours to sell. Now it’s time to cash in. The market for used or secondhand clothing grows day by day. And thrifting has already become the new trend in the modern day shopping culture. In fact, thrifts are one of the most underutilized resources we have. One of the best ways to find used products these days is to go online. People spend a lot of their time on their phones, so, while on it, why not make a few bucks out of it? There are many fashion apps and sites specially dedicated to used stuffs and sometimes, they are the best way to go. Two of the most popular social shopping apps which also double as social media platforms are Depop and Poshmark.

What is Depop?

Depop is a part ebay and part Instagram like social shopping platform that function as mini digital storefronts, where anyone can buy and sell secondhand stuffs. It is like a do-it-yourself website which makes it easy for you to look specifically for what you want, plus you can sell your unwanted stuffs on there too. Founded in 2010, Depop is one of the most reputed companies on the mobile shopping ecosystem, with more than 20 million users worldwide, and offices in London, Milan, Los Angeles, and New York City. Depop is a one-stop fashion marketplace for luxury, designer, and vintage clothing. With an easy to use interface, the app lets you take pictures and list your items from your smartphone in no time. Depop is a London based mobile shopping app founded by Simon Beckerman in 2011.

What is Poshmark?

Poshmark is yet another leading online marketplace to buy and sell new or secondhand clothing, shoes and apparels in the United States. It is a fashion marketplace for high-end labels and designer clothing, but it is more than just a fashion destination. Poshmark is a vibrant community of millions of sellers who sell their personal and curated styles for the shoppers to browse and choose from. It aims to make shopping effortless and fun by connecting people from all over the world, while encouraging entrepreneurs to become the future of online thrifting. Visitors can also like and comment other people’s closets, and from its mobile app, Poshmark hosts Posh Parties focused around specific trends. It offers items from over five thousand clothing brands. Unlike Depop, Poshmark is more focused on modern, luxury fashion than vintage, unique collections.

Difference between Depop and Poshmark

Fees 

– The London-based Depop charges a commission of 10% on the total amount of the listing including the shipping costs, as well as a 2.9% PayPal transaction fee and a 0.3% transaction fee in the United States. Poshmark, on the other hand, takes double of what Depop charges as commission fee on the total amount. Buyers pay a 20% service fee on the final sale price of over $15. For example, if you sell a shirt for $30 with an $8 shipping fee, you’d get $24 on Poshmark and $26.20 on Depop. Depop is also reliable in terms of processing payments.

Payments

 – Depop is super fast when it comes to processing payments, which means payments are cleared almost instantly and automatically. So, as soon as you make a sale on Depop, the payment automatically goes straight to your PayPal account, and then PayPal and Depop take their share of fees off the amount you got from your sale. So, you can either choose to keep your money in your PayPal account or have it transferred to your bank account. With Poshmark, you have to wait till the product is shipped to the customer and the delivery is acknowledged by the customer.

Shipping

 – At Depop, buying and selling happens solely on the app and pictures are the most important factor in that. Another important factor is shipping, which is basically the same in both the platforms. The shipping charge depends on the weight or size of the product. For a small package of up to 0.5lb, the shipping charge is $4.75 and for extra large package of max 20lb, it’s $17. On Poshmark, the shipping charge is set to $7.11 flat for anything up to 2lbs.

Target Market

 – Depop is more like an online thrift store for vintage and street style fashion collections but it equally caters to the trendier generation. In fact, Depop combines the aesthetics of both ebay and Instagram to target both the millennial and Gen Z consumers. You can also find all kinds of unique items, vintage stuffs for every generation. Poshmark, on the other hand is more like the millennial kind of thing with a real community feel. Also, Poshmark focuses more on the marketing of the products than the products themselves.

Depop vs. Poshmark: Comparison Chart

Summary

If you are just starting out on online thrifting, Poshmark is a great way to start your endeavors because it is super easy and effortless. You just have to print the label and stick it on and you are good to go. Depop is a bit more complicated but they charge a lot less than what Poshmark takes. Depop takes a $10 commission against the Poshmark’s $20 on the total amount. With Depop, you handle all your shipping and payments are almost instantaneous and automatic which is great. Both the platforms allow people to see your stuff if you already have the pictures, and both have their fair share of pros and cons.


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References :


[0]Seferian, Stephanie M. Sustainable Minimalism: Embrace Zero Waste, Build Sustainability Habits That Last, and Become a Minimalist without Sacrificing the Planet. London, United Kingdom: Mango Publishing, 2021. Print

[1]Muthu, Subramanian S. and Miguel A. Gardetti. Sustainability in the Textile and Apparel Industries: Sustainable Textiles, Clothing Design and Repurposing. Berlin, Germany: Springer: 2020. Print

[2]Olivia, Madeliene. Minimal: How to Simplify Your Life and Live Sustainably. New York, United States: Random House, 2020. Print

[3]Cline, Elizabeth L. The Conscious Closet: The Revolutionary Guide to Looking Good While Doing Good. New York, United States: Penguin Random House, 2019. Print

[4]Image credit: https://commons.wikimedia.org/wiki/File:Depop_logo.svg

[5]Image credit: https://d2gjrq7hs8he14.cloudfront.net/webpack4/img-PMlogoH-RGB-b363a8485df11d149b72c5610de37c5b.png

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