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September 23, 2019

The Pros and Cons of Selling on Poshmark vs. eBay

I've been selling on eBay since 2010 and on Poshmark since 2012, but lately, I've been using both platforms much more frequently to sell jewelry, clothing, and footwear. While there are many benefits to both platforms, I thought I'd share the pros and cons of each. Let's get started with the advantages of selling on Poshmark. 

If you're not familiar, Poshmark is one of the most popular apps for selling fashion, home goods, makeup, and clothing for the whole family. 

The pros of selling on Poshmark are:

It's easy and fast to create an account and add new listings to your closet.
They use flat rate shipping with USPS so all you have to do when you sell an item is print your labels and ship your items in non-flat rate boxes. (No weighing things, no worrying about calculating the shipping cost like on eBay.)
They take their 20% fee out of your balance so unlike eBay, you never owe them money at the end of each month or billing cycle.
It's a very interactive and social platform that allows you to connect with other Poshmark users. 
They host great events (Posh Parties and Posh Fest) and they support their large network of users with enthusiasm.
Their customer service is fast, knowledgeable, and efficient.
Buyers are charged immediately when they make a purchase or when their offer is accepted. (No unpaid item issues arise like with eBay.)

The cons of selling Poshmark are:

Buyers are sometimes more social and less serious about buying. They like items with no intention of buying them. 
Most buyers ignore the offers that sellers send to them once they like a listing.
Buyers almost never use the "Buy Now" button and make offers instead. (Lowball offers tend to prevail.)
Poshmark takes 20% of each sale over $15 and $2.95 for each sale under $15. 
Designer and luxury items don't sell well on Poshmark because in my experience, the average shopper spends about $30.
As a seller, you can't rate or leave feedback for your buyers.
If you add listings to your closet on the weekend, you'll be inundated with spam bot messages of fake users leaving e-mail addresses and asking you to e-mail them because they or their mom/daughter etc. want to buy your item. Block and report these losers immediately. 
For now, Poshmark only covers the U.S. and Canada.

Moving on to eBay. It's the old school place to buy and sell just about anything. While there are many other apps to do so, eBay still stands as one of the largest marketplaces for new and secondhand merchandise. As such, it attracts an older demographic but also a worldwide one. 

The pros of selling on eBay are:

Access to a large amount of potential buyers all over the world.
Their final value fees for most categories are less than the 20% that Poshmark takes. 
If you have under 50 listings, you don't incur any listing insertion fees.

The cons of selling on eBay are:

They have lots of fees: listing insertion fees, fees for listing in multiple categories, PayPal processing fees, credit card processing fees, final value fees, etc.
Most buyers ignore the offers that sellers send to them once they watch an item.
Listing items can be tedious due to the slow and constantly changing eBay interface.
Buyers tend to buy more frequently at the beginning of the month.
There's a lot of competition, so this drives prices down.
When buyers don't pay, you can't leave negative feedback to warn other sellers. 
Buyers tend to ignore the "best offer" option when items are priced higher than the competition.
Sellers can't leave negative or neutral feedback for buyers, but buyers can leave neutral or negative feedback for sellers. This renders the feedback system completely useless if you are a seller. If you get a buyer who is abusive, doesn't pay, lowballs you, or constantly messages you with questions that have been answered, you have no way of warning other eBay users. An imbecile such as this could have "100% positive feedback" when in fact they are a nightmare to deal with. 

This is by no means a comprehensive list, but hopefully you'll find it helpful when deciding where to sell your merchandise. 

Happy selling and happy shopping! 

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This post contains affiliate links and I may be compensated if purchases are made by clicking links.

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