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Etsy’s Depop Marketplaces Raises Seller Payment-Processing Fees

Etsy's Depop Marketplaces Raises Seller Payment-Processing Fees

It will cost more to sell on Etsy’s Depop fashion resale marketplace in January when it raises payment-processing fees. Depop blamed it on credit card companies increasing the fees they charge Depop to process transactions.

Beginning January 5, 2023, the Depop Payments transaction fee for US-based sellers will increase to 3.3% + 45 cents. Currently sellers pay 2.9% plus 30 cents per transaction. (See the Depop help page hosted on Zendesk.)

Depop said the transaction fee for PayPal transactions remains 3.49% + 49 cents.

Depop also charges sellers a 10% commission on sold items. Last month, it introduced promoted listings called Boosted Listings – sellers pay 8% whenever their boosted listings sell.

Etsy acquired Depop last year for $1.6 billion, and in September, Etsy’s Chief Product Officer Kruti Patel Goyal became CEO of Depop.

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Ina Steiner
Ina Steiner
Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). She is a member of the Online News Association (Sep 2005 - present) and Investigative Reporters and Editors (Mar 2006 - present). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com. See disclosure at EcommerceBytes.com/disclosure/.