Trading on Poshmark has gotten really popular over the years. And whether you agree or not with trading on Poshmark it can be helpful to know how to do it in the event that you need to put it into good use. In this blog, we’ll discuss what you need to know about doing your first trade on Poshmark and how to mitigate the risks associated with it.
What is Poshmark Trade
Poshmark has many of the best brands available on their site from the personal coset of many poshers. Having such a wide array of items and wholesale brands available, it is not at all uncommon that many people have considered trading to be able to acquire an item without paying for the listing price of your item.
Trading on Poshmark is exactly what it sounds like, basically, you trade one of your items (it is also possible for bundles) like an nwt for one that you want from a seller, typically of the same value but it doesn’t have to be.
However, the Poshmark website and app do not formally support trades. So if you are a new seller and you want to trade, you will need to arrange all of the details with the seller. Trading on the platform is allowed, however, unlike other Amazon that is another social marketplace, trading on Poshmark this is not covered by the Posh Protect policy, as the policy does not oversee trades within the system and the buyer must pay the standard shipping fee for such trades.
So although it is possible to trade on the platform it is not secure as Poshmark cannot guarantee that both parties (seller and buyer) will ship their items to each other as agreed or promised.
Are Poshmark Trades Allowed
Trading is essentially based on an honor system and this makes it difficult for other platforms not only Poshmark to support. So for this reason it’s not part of Poshmark’s secrets that the platform discourages posher to engage in trading on Poshmark as they are not protected.
How to trade items on Poshmark
To begin your first trade is to start with one of the interesting facts in trading which is that you do not ask sellers to trade for items. Both parties that agree to trade will lower the item’s listed price to the lowest price (or lowest fee tier) of $3. Then both parties would buy one another’s items and pay the shipping on top, this would bring the total to $9.79.
Trading is not as easy as purchasing so f you want to ensure that you have the right to return items, get a refund, authentication for an expensive item, or was never shipped then best to stick to good old shopping and spare yourself the back and forth that comes with trading.
Consequences of doing Poshmark Trades
As mentioned, trading is done at your own risk and if the item is worth trading then the buyer has to go to the seller with a trade inquiry. Both have to mutually agree to follow through on the trade solely based on their word. However, there are two main reasons why most buyers avoid trading:
- No seller protection
There are other social commerce platforms that support trading, unfortunately, Poshmark is not one of them. The act of trading is possible, however, there is no seller protection to guarantee against fraudulent actions. So it is recommended to manage your expectations on the accuracy of the information about the items that you are interested to trade for.
- Potential ban or suspension by Poshmark
Engaging in trading especially for malicious and fraudulent intentions can result in a potential ban and even permanent suspension once proven by Poshmark. As trading is solely based on the retailer’s honor so there is a high chance to engage with people that have a bad reputation for not shipping items to the other party as promised. So one of the best Poshmark tips is to avoid trading as much as possible.
As a seller, you should be focusing on selling inventory rather than trading
With these consequences in mind as active sellers, it is by far more beneficial to focus on boosting your Poshmark sales by improving your item listing and selling your inventory to active buyers instead of partaking in trading on Poshmark.
As a seller, the last thing you want is to get your account suspended so instead of trading turn your attention to how you can improve your sales like a top seller does. The best investment advice is to optimize your operation by first minimizing your manual processes such as listing (and re-listing items) across multiple platforms like Poshmark and eBay by using automation software to do all this and more to grow your business.
OneShop is a great software to get you started with its easy-to-use interface and readily customizable tools so without worry you can leave the manual and time-consuming tasks behind so you can focus on more important things to grow your business. OneShop also functions as your virtual assistant that works 24/7 to improve your reach by automating shares, follows, and more!