Secondhand may be sustainable but its also cool. As of today, Vinted is available in 15 countries. [10] In June 2021, Etsy announced it would acquire Depop for $1.6 billion in cash, making it Etsy's most expensive acquisition, but that Depop would continue operate as a standalone brand independent from Etsy. As covered, Vinted connects 21 million users worldwide, operating in 15 countries. When we do drops, its really hard to kind of nail down an aesthetic.. We see significant opportunities for shared expertise and growth synergies across what will now be a tremendous 'house of brands' portfolio of individually distinct, and very special, ecommerce brands.". Community Affiliates Manager, Depop Socialfixt Founded in the U.K. in 2011, Depop lets people buy and sell used clothes through. Depop was founded in 2011 by entrepreneur Simon BeckermanDepop is a buy and sell app that allows you to sell items. Depop profit calculator - Math Index [9], In 2020, Depop's gross merchandise sales and revenue both more than doubled to $650 million and $70 million respectively. Ebay has a working international search so sellers aren't forced to do it, on depop you have to change your location manually to see listings from other countries. Depop's CEO Maria Raga said, "We're on an incredible journey building Depop into a place where the next generation comes to explore unique fashion and be part of a community that's changing the way we shop. Conduct your own research and seek the advice of a licensed financial advisor. Therefore, as a seller on Vinted, the buyers will expect you to offer a lower price for your products, as they are the ones covering all the fees. Resale has emerged as a popular side-hustle; Depop and social media allow Gen Z to cultivate their businesses in a non-traditional and deeply personal way. however, despite it being 3-4 days since delivery (on the transaction info it actually says i should have gotten the money within 1 day of delivery), it still says my payment is on hold. Generation Z, which spans consumers aged 7 to 25, will make up 40 per cent of the luxury market by 2035, according to consultancy Bain & Company, which has collaborated with Depop on the report. By Lisa Lacy. It must've been cuz I mentioned the BBB. She has about 40,000 followers, and selling clothes online has become a full-time job for her. Selling on Poshmark vs. Selling on Depop - Vendoo Whatever you're into, find the item and the seller for you on Depop. While Decluttr focuses on selling media stuff such as used tech and media such as CDs, DVDs, and Blu-rays, Depops primary focus is selling clothing, shoes, and other items. Sellers and users weigh in on the debate", "Everyone's Favorite Thrifting App Favors Thin White Models", https://en.wikipedia.org/w/index.php?title=Depop&oldid=1141140101, Online marketplaces of the United Kingdom, Articles lacking reliable references from September 2021, Articles with unsourced statements from August 2022, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 23 February 2023, at 15:28. Depop is primarily known for its vintage, streetwear, one-of-a-kind and Y2K (late 1990s/early 2000s) fashion. The stock was up about 6.7% Wednesday afternoon. [5] In 2015, Depop secured another investment of $8 million from Balderton Capital and Holtzbrinck Ventures. To receive packages from the United States, youre going to need to have an address based there. 26M+ registered users over 150 countries. Etsy has sufficient available liquidity to fund the acquisition. These are called 'Shop Policies,' stating whether you accept returns as a seller. The company, founded by Simon Beckerman in 2011, is headquartered in London, with offices in Manchester, New York, Los Angeles and Sydney, with approximately 400 employees dedicated to its mission of building the world's most diverse progressive home of fashion, that's kinder on the planet and kinder to people. Get paid fast when your item sells. r/Depop W for me today after 10 incompetent depop support representatives finally got someone to review my account suspension. The site . Over 3 million products sold in 12 months with a year limited warranty, Sell smartphones, tablets, laptops books, watches, video games and Lego, Get a free instant item valuation, ship your item for free and get paid, No fees for sellers buyers pay no fees up $50 items. Instead, the app uses an escrow service that holds the money in your Vinted wallet until the buyer gets and accepts the item. These companies provide addresses for this specific use case, and theyll even help ship your packages directly to you. Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. Depop profit calculator - Calculate your Depop and Paypal fees, shipping amount, taxes, revenue and profits for every product you sell on your Depop store. And forget all about contacting their support. Vinted is more transactional. At Etsy, we promise to treat your data with respect and will not share your information with any third party. An overwhelming 90 per cent of its active users are under the age of 25. Depop is a place for anyone to discover and celebrate their style on their own terms, and to feel good about their fashion choices by extending the lives of millions of garments. Founded in 2011, Depop has its headquarters in London and offices in Manchester, New York, Los Angeles and Sydney with 400 employees dedicated to helping build a new fashion system that's kinder. Depop, on the other hand, while having a user base of over 26 million, is only available in 6 countries. Today, Depop is a place where millions of users come to celebrate their style and discover culture. How to sell. Depop is a peer-to-peer social e-commerce company based in London, with additional offices in Manchester, Milan and New York City. You can unsubscribe at any time. Sky warns: "Don't let your photo be more distracting than the product you're selling.". Register in seconds and access exclusive features. For Semple, physical events remain hugely relevant. Etsy CEO Josh Silverman said the company was "thrilled" to be adding what it believes to bethe"resale home for Gen Z consumers" to Etsy. Depop, for example, charges its sellers 10% of each sale plus the possible PayPal fee for one's country. Please create an employee account to be able to mark statistics as favorites. . The app is also meant for buyers looking for items they can buy. i just wanted to ask if depop is not available in all countries Posting and selling using the platform are completely free, and the buyer pays the fees associated with the sale. Does the Depop online store ship items overseas to Europe? Depop has evolved to become the community-powered fashion marketplace to buy and sell unique fashion, with approximately 30 million registered users in more than 150 countries. eBay is one of the most popular platforms that allows you to buy and sell goods and services like electronics, clothing, and more. Others also described the platform as an easy-to-use selling platform. Now imagine if someone came through and bought a pair of pants for $12 . The vintage items are also great since fashion often brings back past trends from time to time. Generation Z, which spans consumers aged 7 to 25, will make up 40 per cent of the luxury market by 2035, according to consultancy Bain & Company, which has collaborated with Depop on the report. Gen Z, the next wave of luxury consumers, are a fluid generation who crave flexibility and think secondhand clothes are cool, according to new research by Depop, produced in collaboration with consultancy Bain. Depop is a reliable website that allows you to buy and sell items. Depop does not offer other ways to make money apart from selling items such as clothes, shoes, and other items. . Shares our two-sided marketplace business model: Depop is a peer-to-peer marketplace with similar capital-light operating model and financial characteristics. People want the opportunity to buy and sell, but also they want this inspirational layer and entertainment through their experiences.. As soon as this statistic is updated, you will immediately be notified via e-mail. The freight forwarder accepts the package on your behalf. Following the close of this transaction, Etsy Inc. will operate three highly differentiated, non-commoditized and loved ecommerce brands: Etsy, Reverb, and Depop. However, we have a pretty simple solution that gets around this restriction. Type Subsidiary . Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. Bahrain. As said, when selling at Vinted, a buyer covers all transaction-related fees, including shipping costs. Depop is a reliable website that allows you to buy and sell items. Why do we think MyUS is the best? As a mobile app, it is available on iOS and Android platforms. It provides a mobile marketplace that enables individuals to buy and sell their items on iOS and Android platforms. The marketplaces will operate independently, while benefiting from shared expertise in areas such as product, marketing, technology, and customer support. As a Premium user you get access to background information and details about the release of this statistic. Enter your email to receive editorial updates, special offers and breaking news alerts from Vogue Business. Depop, which first emerged from an Italian tech incubator in 2011, then established its headquarters in London, is a dark horse in the fashion ecom wars. Best Depop Alternatives & Competitors - SourceForge "Depop is a vibrant, two-sided marketplace with a passionate community, a highly-differentiated offering of unique items, and we believe significant potential to further scale," Silverman said in a statement Wednesday. Weve talked about fluidity as much more than gender for some time at Depop, says chief brand officer Peter Semple. Depop also requires sellers to make their offers look more professional, which is why it's better suited for small businesses. Depop | Buy & Sell Clothing on the App Store r/Depop - What countries outside UK is Depop popular in? How is it (November 8, 2021). . [5] Depop expanded and opened additional offices in Milan and New York City. ", Depop's CEOMaria Ragasaid in a statement that Depop is "where the next generation comes to explore unique fashion and be part of a community that's changing the way we shop. Like Depop, eBay charges a commission of 10% on all the items sold. What distinguishes Depop from Vinted is its emphasis on social features, working as a social network app in addition to being a reselling marketplace. Please read rules before posting. This is a fluid generation defying categorisation in every sense, Levato says. Both apps also target slightly different audiences. Our company was founded in 2005 and is headquartered in Brooklyn, New York. Barney Willis on LinkedIn: #etsy #depop #amazon #pinterest #fiver i sold a pair of shoes on depop about ten days ago, and they were delivered on wednesday, 1/15/2021. Depop's mission statement is "to change the way people buy, sell and think about fashion." Is Depop second hand? Otherwise, all transactions made in the app are protected, so it should be safe to sell on Depop. Depop is all about community - it's the buyers and sellers who use Depop who make it such a great place. Click here to view 60+ Websites to Sell Stuff. Access to this and all other statistics on 80,000 topics from, Show sources information Shop now Sell your way Use Ask Statista Research Service. Following the closing of the transaction, currently anticipated to occur during the third quarter of 2021, Depop will continue to be headquartered in London, England and operate as a standalone marketplace run by its existing leadership team. The Company's primary marketplace, Etsy . Learn more about how Statista can support your business. Does Depop Ship to Europe?[2023] (Answered) - uniexpress GT How to Sell on Depop - Becoming a Power Seller | Wirecutter As for Vinted, they have a buyer's protection feature. Founded in the U.K. in 2011, Depop lets people buy and sell used clothes through its online marketplace. Depop was founded in 2011 and has over 26 million registered users in more than 150 countries. The transaction is currently expected to close during the third quarter of 2021, subject to satisfaction of customary closing conditions, including antitrust review in the United States and the United Kingdom. However, it soon started to spread across other markets, eventually becoming a worldwide marketplace for second-hand clothing. The first difference is the market available. Business Summary. To use individual functions (e.g., mark statistics as favourites, set Get paid for the item and start the shipping process. BROOKLYN, N.Y., June 2, 2021 /PRNewswire/ --Etsy, Inc. (NASDAQ: ETSY), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, has signed a definitive agreement to acquire Depop, a privately-held, community-led, and purpose-driven marketplace for unique fashion for $1.625 billion consisting primarily of cash, subject to certain adjustments for Depop's working capital, transaction expenses, cash and indebtedness, and certain deferred and unvested equity for Depop management and employees.