10/3/24 NEW FEE STRUCTURE ON POSH
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Poshmark implementing new fee structure 10/3/24.
See slides and link in comments to read more.
Let's see how this rolls.
*source
https://blog.poshmark.com/2024/10/02/poshmarks-new-fee-structure/
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vintage_cb
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19 Comments
lasmada
https://blog.poshmark.com/2024/10/02/poshmarks-new-fee-structure/
Oct 02Reply
jadet4
Hmmm….. a buyer’s fee? Interesting. 3 level Fee structure? Okay…. Total sale to include sale tax in the calculation of the percentage fee? What? lol! Sigh….
Oct 03Reply
lasmada
@jadet4 ugh i know.
Oct 03Reply
maarleshop
@jadet4 I thought I read it somewhere, you can't charge fees on taxes
Oct 03Reply
jadet4
@maarleshop I don’t know…. In their formula example, it shows the fee is based on the TOTAL sale. That includes order, tax & shipping fee. On both the buyer & the seller!!!
Oct 03Reply
maarleshop
@jadet4 i sold a couple bundle today and the 5.99% fee is taken out from overall total (price of item, tax and shipping)
Oct 03Reply
maarleshop
@jadet4 I guess a lot of buyers are intrigued about this new fee structure because I notice more likes today than any other days in the past
Oct 03Reply
maarleshop
@jadet4 nevermind, I looked up and it says it is perfectly legal to charge fees on tax as well
Oct 03Reply
saucyandsassy
@maarleshop That's a WOW. Guess PM staff need raises.
Oct 03Reply
lisasdeals337
@lasmada wow, how did u first hear of this? do u get emails, or just read the blogs...awesome...wonder what shipping fees will look like beginning next year.
Oct 04Reply
lisasdeals337
@maarleshop interesting observation...
Oct 04Reply
lisasdeals337
@jadet4 so should I put all my listing to no discount shipping fee, since it doesn't matter anyways?
Oct 04Reply
lasmada
@lisasdeals337 I read whatever discount is best takes precedence. So up to you. I got email early Thursday or late Wednesday forget.
Oct 04Reply
jadet4
@lisasdeals337 Um…yeah. That would work as long as you’re a ambassador. Then at the end of the year, they are going to charge us for it. Watch ….
Oct 04Reply
lasmada
@jadet4 Exactly what I was thinking... the word "pass"=purchase! ha 😂 @lisasdeals337
Oct 04Reply
jadet4
@lasmada Yup… just like that promoted closet. They offer a ship discount for the low low price of 30$ a day for all your buyers to enjoy while supplies last. 😂😒
Oct 04Reply
lasmada
https://www.retaildive.com/news/poshmark-slashes-seller-fees/728923/
https://www.ecommercebytes.com/2024/10/05/poshmark-cuts-seller-fees-adds-buyer-fees/
https://www.reddit.com/r/BehindTheClosetDoor/comments/1fv1j11/poshmarks_fee_increase_beginning_of_the_end/
Oct 06Reply
hamptonfabmama
Thanks for sharing this
Hard to believe I missed the details 😳
Oct 19Reply
lasmada
@hamptonfabmama ❤️
Oct 19Reply
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