Mar 27, 2024 - Business

Mercari drops seller fees

Illustration of a balloon in the shape of a zero with confetti all around.

Illustration: Aïda Amer/Axios

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.
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This story was an excerpt from Axios Closer, a recap on the day's biggest business stories.

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