Depop No Billing Agreement

Depop No Billing Agreement: What It Means for Sellers

If you`re an online seller using Depop, you may have noticed a recent change in the platform`s billing system. Depop is no longer requiring sellers to provide a billing agreement before they can start selling on the platform. In this article, we will explain what this change means for sellers and why it matters.

What is a Billing Agreement?

A billing agreement is a document that allows a company to collect payments from a seller or buyer on an ongoing basis. Typically, a billing agreement is a formal contract between a seller and a payment provider (such as PayPal or Stripe) that outlines the terms of the agreement, including the amount of fees that will be charged and the frequency of payments.

Until recently, Depop required all sellers to sign a billing agreement with PayPal or Stripe in order to start selling on the platform. However, this has changed.

Depop No Billing Agreement

Depop recently announced that it will no longer require sellers to sign a billing agreement before they can start selling. Instead, sellers can now choose to connect their PayPal or Stripe account to enable payments on their listings.

This change means that sellers no longer have to sign a formal contract with PayPal or Stripe. Instead, they can simply connect their account and start selling.

Why Is This Important for Sellers?

The change in Depop`s billing system is significant for several reasons. First and foremost, it makes it easier for new sellers to start selling on the platform. For many, signing a formal contract with a payment provider can be intimidating, especially if they are new to online selling.

Second, the change makes it easier for sellers to manage their payments. Instead of having multiple billing agreements with different payment providers, sellers can simply connect their PayPal or Stripe account to Depop and manage all of their payments from one place.

Finally, the change may help to reduce the fees that sellers have to pay. By removing the requirement for a formal billing agreement, Depop may be able to negotiate lower fees from PayPal and Stripe, which could lead to lower fees for sellers.

In conclusion, the recent change in Depop`s billing system is good news for sellers. It makes it easier to start selling on the platform, simplifies payment management, and may lead to lower fees. As a seller, it`s important to stay up-to-date with changes like this to ensure you are getting the most out of your online selling experience.