How Do You Get Paid On Poshmark Paypal
How Do You Get Paid on Poshmark with PayPal?
Poshmark is an online clothing and accessories marketplace where individuals or businesses can buy or sell items. It allows customers to make payments through PayPal, which is a convenient and secure way to pay. For sellers on Poshmark, it is important to understand how to get paid on Poshmark with PayPal, so that they can maximize their profits.
Steps to Setting Up PayPal on Poshmark
The first step to setting up PayPal on Poshmark is to connect your PayPal account. To do this, you will need to log into your Poshmark account and go to the “Payment Settings” section. Once there, you will be prompted to enter your PayPal account information. After this, you will need to confirm your PayPal account by following the prompts.
Once your PayPal account is connected, you will need to enter your credit card information. This will allow Poshmark to verify your account and process payments. You will then be ready to accept payments and receive payments from buyers on Poshmark.
How to Get Paid with PayPal on Poshmark
Once your PayPal account is connected, you will be able to receive payments from buyers on Poshmark. When a buyer purchases an item from you, they will be prompted to enter their credit card information. Once they do this, Poshmark will process the payment and deposit the funds into your PayPal account.
It is important to note that payments are not released immediately. Poshmark holds all payments for 3 days to ensure that the buyer is satisfied with their purchase. After the 3 day period has passed, Poshmark will release the funds to your PayPal account. This process typically takes 1-2 business days.
Fees for Using PayPal on Poshmark
When using PayPal on Poshmark, you will be charged a fee for each transaction. This fee is 2.9% of the total sale price plus a flat fee of $0.30. This fee is in addition to the Poshmark commission, which is 20%.
It is important to note that PayPal fees on Poshmark are non-negotiable. This means that all sellers must pay the same fees. However, you can use PayPal’s “Pay After Delivery” option to reduce the fees. This option allows buyers to pay for their purchase within 14 days, which reduces the fees to 1.9% plus a flat fee of $0.30.
Conclusion
Understanding how to get paid on Poshmark with PayPal is an important part of being a successful seller. By connecting your PayPal account and understanding the fees associated with each transaction, you can maximize your profits and ensure that you are getting paid in a timely manner.
