How does PoshMark's pricing structure work?

PoshMark's pricing structure is designed to be straightforward, allowing sellers to easily set prices for their items while providing buyers with a clear understanding of final costs. When a seller lists an item on PoshMark, they can choose their own price based on what they believe is fair, taking into consideration factors such as brand, condition, and market demand. Once an item is sold, PoshMark takes a commission based on the sale price. For items sold for less than twenty dollars, PoshMark retains a flat commission of two dollars and ninety-eight cents. For items priced at twenty dollars or more, PoshMark takes a commission of twenty percent of the sale price. This commission structure incentivizes sellers to price their items competitively while ensuring that PoshMark remains sustainable and continues to support the marketplace. Buyers should also be aware that shipping costs may be added to the item price. PoshMark provides a standard shipping rate which is often incorporated into the overall transaction cost. In most cases, the seller is also provided with a prepaid shipping label, simplifying the process of sending items to buyers. It is important for both buyers and sellers to review the specific pricing details and policies on the PoshMark website, as this will ensure they have the latest information about any updates or changes. Overall, PoshMark offers a user-friendly experience for both parties involved in transactions, making it accessible for a wide range of users.