Depop's fee structure has changed — here's how Australian sellers should record fees and payments correctly.
Depop's fee structure for Australian sellers consists of two main components. The selling fee is 10% of the total transaction amount (including any shipping the buyer pays through the app). On top of this, there's a payment processing fee charged by Depop Payments (or PayPal, for legacy sellers), which is typically around 2.9% plus a fixed amount per transaction.
Combined, these fees mean Depop takes approximately 12-13% of every sale. On a $50 sale, you can expect to lose about $6-6.50 in fees. This is comparable to eBay's fee structure, though the breakdown is different.
Depop provides a transaction history that you can download from your seller settings. This export shows each sale with the gross amount, the selling fee, and the payment processing fee. However, the export format has limitations — it doesn't always include shipping costs paid by the buyer separately, and refund adjustments can be hard to match.
The export also doesn't include your expenses (COGS, packaging, postage), so it's only half the picture. You need to supplement it with your own records to get a complete view of profitability.
When Depop pays out to your bank account, the amount is your gross sales minus all fees. To reconcile properly, you need to match each bank deposit to the underlying sales. Depop Payments typically pays out regularly, and each payout may cover multiple sales. Your accounting records should show: gross sale amount, selling fee deducted, payment processing fee deducted, and net amount received.
You might wonder why it matters whether you track fees individually rather than just recording the net amount that hits your bank. There are two reasons. First, the ATO expects you to declare gross income and claim fees as separate deductions. Second, tracking fees separately lets you analyse your true cost per platform — if eBay fees are lower than Depop fees for similar items, that should influence your listing strategy.
For the full picture on Depop tax obligations, see our Depop tax guide. For broader bookkeeping advice, visit our reseller bookkeeping guide.
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