Online resale platform Mercari announced today that it will no longer take a cut of sales, Hope writes.
Why it matters: The pressure is on for peers, including Poshmark, ThredUp and The RealReal, to follow suit as competition for sellers and inventory grows.
By the numbers: Mercari previously grabbed a 10% commission.
ThredUp and The RealReal have tiered payouts based on what's sold.
Poshmark takes about $3 for items under $15 and a 20% commission for items that are $15 or more.
