Resale Marketplace Responds to Seller Frustrations

  • Poshmark reduces seller fees
  • New fee structure based on order total
  • Posh Pass program for qualified sellers
  • No fees for Posh Pass in US until Dec. 31
  • Fees have been a source of frustration for marketplace sellers

Poshmark, a leading digital fashion resale platform, has recently reduced seller fees in the US. The new fee structure replaces its previous 20% take with a system based on order total, charging sellers 5.99% plus $1 for orders under $15, $2 for orders between $15 and $50, and $3 for orders over $50. This change also includes the introduction of Posh Pass, a program available to highly engaged and quick-shipping sellers in the US, offering discounted shipping at $5.95 until December 31st with potential fees after that date unconfirmed. The move follows rival Mercari’s elimination of seller fees earlier this year. Amazon has seen changes in its own seller fees, while Etsy sellers previously went on strike over transaction fee increases.

Factuality Level: 8
Factuality Justification: The article provides accurate and objective information about Poshmark’s changes to its seller fees and the introduction of the ‘Posh Pass’ program. It also compares these changes with similar events in other marketplaces like Mercari and Etsy. However, it lacks some details on the exact percentage-based fee structure before the change and doesn’t mention any potential negative impacts on sellers due to the new fees.
Noise Level: 4
Noise Justification: The article provides relevant information about Poshmark’s changes to its seller fees and the introduction of the Posh Pass program. It also compares these changes with other marketplaces like Mercari and Etsy. However, it could benefit from more in-depth analysis or discussion on the potential impact of these changes on sellers and the resale industry.
Financial Relevance: Yes
Financial Markets Impacted: No
Financial Rating Justification: The article discusses changes to seller fees on the Poshmark platform, which is a peer-to-peer marketplace for buying and selling fashion items. These changes may impact sellers’ earnings and potentially affect their decision to use the platform. It also mentions acquisitions like Naver acquiring Poshmark for $1.2 billion.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.

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