When you make a sale on Poshmark, the buyer’s payment is processed through the app and held securely until the item is delivered and accepted by the buyer. Once the buyer confirms receipt of the item, the funds are released to you, the seller. You can then withdraw your earnings to your bank account or PayPal account. The withdrawal process typically takes 1-3 business days, and you will receive an email notification when the funds are available in your account. Poshmark also offers instant withdrawal for a small fee, which allows you to access your earnings immediately.
Direct Deposit
The easiest way to receive your Poshmark earnings is through direct deposit. To set up direct deposit, follow these steps:
- Tap on the “My Sales” tab in the Poshmark app.
- Select the “Earnings” option.
- Tap on the “Direct Deposit” button.
- Enter your bank account information.
- Tap on the “Save” button.
Once you have set up direct deposit, your earnings will be automatically deposited into your bank account every Monday.
How to Get Your Money from Poshmark
Once you’ve made a sale on Poshmark, you’ll need to withdraw your earnings. Here’s how to do it:
PayPal
PayPal is the default payout method for Poshmark sellers. To set up your PayPal account, you’ll need to provide your email address and create a password. Once your account is set up, you can connect it to your Poshmark account by following these steps:
- Tap the “Account” tab on the Poshmark app.
- Tap “Payouts.”
- Tap “Add a payout method.”
- Select “PayPal.”
- Enter your PayPal email address and password.
- Tap “Connect.”
Once your PayPal account is connected, your earnings will automatically be deposited into your account after the sale has been completed and processed by Poshmark.
Note: Poshmark charges a 20% commission on all sales, which will be deducted from your earnings before they are deposited into your PayPal account.
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How to Get Your Money from Poshmark
Once you’ve made a sale on Poshmark, you’ll need to withdraw your earnings. Here’s how to do it:
Direct Deposit
- Log in to your Poshmark account.
- Click on “My Balance” in the top menu.
- Click on “Withdraw Earnings.”
- Enter the amount you want to withdraw.
- Click on “Withdraw.”
Your funds will be deposited into your bank account within 2-3 business days.
Check (for donations)
If you’re donating your earnings to charity, you can request a check from Poshmark. Here’s how:
- Log in to your Poshmark account.
- Click on “My Balance” in the top menu.
- Click on “Withdraw Earnings.”
- Select “Check” as your withdrawal method.
- Enter the charity’s name and address.
- Click on “Withdraw.”
Your check will be mailed to the charity within 2-3 weeks.
Withdrawal Fees
Poshmark charges a withdrawal fee of $2.95 per withdrawal. This fee is waived for the first withdrawal of each month.
Withdrawal Limits
The maximum amount you can withdraw from Poshmark in a single transaction is $5,000. If you need to withdraw more than $5,000, you’ll need to make multiple withdrawals.
Withdrawal Schedule
Poshmark processes withdrawals on a daily basis. Withdrawals made before 11:00 AM PT will be processed the same day. Withdrawals made after 11:00 AM PT will be processed the next business day.
| Withdrawal Method | Processing Time | Fees |
|---|---|---|
| Direct Deposit | 2-3 business days | $2.95 per withdrawal |
| Check (for donations) | 2-3 weeks | No fees |
Thanks so much for reading! I hope this article has given you all the information you need to know about how to get your money from Poshmark. If you have any other questions, feel free to leave a comment below.
Be sure to check back later for more Poshmark tips and tricks. I’m always updating my blog with the latest news and information, so you don’t want to miss out!