Poshmark reverses decision to lower selling fees after sellers experience a drop in sales
Shortly after the social marketplace Poshmark announced it would lower selling fees and increase fees for buyers, the company decided to revert to its Shortly after Poshmark lowered selling fees and increased fees for buyers, it reverted back to the original fee structure following outrage among sellers.
Shortly after the social marketplace Poshmark announced it would lower selling fees and increase fees for buyers, the company decided to revert to its original fee structure following outrage among sellers.
In an email to sellers sent on Monday (and viewed by TechCrunch), founder and CEO Manish Chandra wrote an apology about the fee change, saying it resulted in shoppers spending less on purchases, “leaving our sellers with less cash in their pockets—despite the seller fee reduction.”
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