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presently after the societal marketplace Poshmarkannouncedit would glower sell fee and increase fees for purchaser , the party decide to revert to its original fee structure following scandal among sellers .
In an email to sellers send on Monday ( and viewed by TechCrunch ) , founder and CEO Manish Chandra write an apology about the fee modification , tell it result in shoppers spending less on purchases , “ leaving our sellers with less immediate payment in their pockets — despite the seller fee reduction . ”
Chandra added , “ The outcome of the alteration did not meet our expectations , and I sincerely apologize for the disruption and shock that this has had on you . ”
in the beginning this month , Poshmark introduced a Modern fee structure to supersede the original 20 % seller fee . The new structure included a 5.99 % fee for trafficker and a 5.99 % “ tribute fee ” for buyers . Additionally , both emptor and vender were required to pay up an surplus $ 1 , $ 2 , or $ 3 base on the full purchase order amount . For example , orders under $ 15 incur a $ 1 fee , orders between $ 15 and $ 50 incur a $ 2 fee , and orders over $ 50 incur a $ 3 fee . purchaser are still responsible for covering cargo ships costs .
Many sellers expressed their disappointment onRedditabout the new system , express that their sales had importantly decreased , perhaps due to customers give up purchases after seeing the unexampled fee . One Redditor mentioned that they used to make “ 12 - 15 sales ” per workweek but were now make few than than five .
Poshmark is not the first resale platform to look this sort of recoil . In March , Mercaribegan get rid of marketer fees totally and charging buyers a service fee for “ hassle - free reappearance . ” Not surprisingly , masses were infelicitous , and Mercarireversedpart of its policy after just two months .
Poshmark ’s original fee structure will become effective this Thursday , October 24 . It ’s also issue sellers a rebate for the difference of opinion in seller fees on list make or edited during the fee change menstruum ( October 3 to October 23 ) and sell from October 24 through October 27 .
