UPDATE! Poshmark Buyer Fee & Shipping Fee Change
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Thanks for visiting my closet! Just an update that I'll be dropping my prices over the next weeks - many thanks for your patience as I update my listings in light of Poshmark's shipping and fee structure change that they announced on Oct 3. This was a surprise to most of us and it will take a little bit to adjust all my listings, so feel free to make offers as I'm accepting most of them right now!
Shipping + Fee Update: Poshmark has had a 20% commission they charged sellers which went up for orders under $15 & $7.97 shipping. As of today, Oct 3, the shipping fee has been reduced to $5.95 until the end of this year for all Posh Ambassadors and is a beta program. So any purchases you make from my closet from 10/3/24-12/31/24 should reflect this!
In addition, Poshmark is now splitting their platform fee between the buyer and the seller as follows:
Both the seller and the buyer will now need to pay a 5.99% fee on each purchases (commission off profit for sellers, buyer protection fee added to order total for buyers). To my understanding this includes the total cost of purchase including taxes and shipping). In addition, both buyers and sellers will be charged an additional $1 if the order is under $15, $2 if between $15-$49, OR $3 for $50+ orders. You can see this cost on the order screen under the"Tax & Buyer Protection Fee" section and you can see the exact amount by clicking on the little "i" button. Again, stay tuned for price drops on most of my items!
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