How do i transfer money from poshmark to my bank

Q: How do you get money out of your Poshmark account?

You can withdraw your earnings anytime youd like directly from the app! Head over to the Account Tab > My Balance. Tap Redeemable and select an option to redeem your funds.

Thinking of selling on Poshmark but doing some research before moving forward? Good for you!

Table of Contents Show

Step 1: Make a Sale
Step 2: Wait for the customer to review the item or for 3 days to pass after the order has been delivered
Step 3: Redeem your money in the Poshmark app
Do you have any questions about how to get your money after making sales on Poshmark?
How do you get money out of your Poshmark account?
How do I add my bank account to Poshmark?
How long does a bank deposit from Poshmark take?

I’ve had a great experience selling on Poshmark and have lots of Poshmark selling tips out there for you if you’re interested in that, but let’s talk about how to get your money after selling on Poshmark. It’s super simple and I’ll just show you how it works.

Here are the steps:

Make a sale and ship the item.
Wait for the customer to review their purchase OR for three days after delivery, whichever happens first.
Redeem your money from your Poshmark account. You can get a check mailed or direct deposit.

Step 1: Make a Sale

Bit easier said than done but once you make a sale, ship the item to the customer quickly to get your money faster. You’ll get access to the cash from anything sold on Poshmark after the customer receives their item. The customer pays as soon as they order from you, so you don’t have to worry about getting scammed.

The only way that you won’t get that money is if you end up having to issue them a refund if the customer isn’t happy with the item. Poshmark has some pretty great seller protection rules, so as long as you’ve accurately described and photographed the item, you should be good in terms of returns. Buyers can’t start a return for no good reason.

Step 2: Wait for the customer to review the item or for 3 days to pass after the order has been delivered

Your money from Poshmark sales becomes redeemable after your customer reviews the item you sold them. If they take longer than three days, the money will automatically be eligible for you to redeem. That’s it! Not bad at all.

Step 3: Redeem your money in the Poshmark app

Head into your Poshmark app to redeem your money from any sales you make on Poshmark. You can request a check for the money you’re owed or you can choose to set up direct deposit with your bank account.

I do direct deposit and it’s super simple to cash out.

Here’s exactly where to go to get your money from Poshmark sales.

Open the app and look for your user profile in the bottom right corner of the screen. Tap the profile icon.

Now, you’ll see your profile settings. Look for the money symbol at the top right of the screen and hit that button.

Next, you’ll see information about your current redeemable funds as well as past redemptions and ways to request your money. From here, you can request a payout directly to your bank account or as a check. Depending on your bank, payouts process within a couple of days. Super easy!

Do you have any questions about how to get your money after making sales on Poshmark?

Let me know in the comments! Poshmark is such a simple way to sell clothes without having to meet up with random people or put yourself in potential danger. They do take a bit more in fees (20%) compared to other platforms (Mercari, eBay) but I think that their simpler process makes it worth that fee. I find that you can sell the right things for a higher price on Poshmark anyway, making that higher fee negligible.

Here’s a few links to some of my other posts about selling on Poshmark:

Supplies for Selling on Poshmark
How to Clean Thrift Store Shoes Before Listing them for Sale
How to Start Selling Clothes on Poshmark
Intermediate Poshmark Tips to Get More Sales
Best Printer for Selling on Poshmark/eBay

Poshmark is rolling out faster payout options using Hyperwallet. Instant transfers will be available to PayPal and Venmo for a $0.35 fee and to a debit card for a $2.00 fee.

Get faster than ever with our newest payout options. 💸 Instant Transfer, PayPal, and Venmo payout options are now available!

Head to My Balance to get started, and learn more at the link below. https://t.co/jQB1YIKyjW pic.twitter.com/GeQSSL7NlE
— Poshmark (@Poshmarkapp) October 26, 2022

How Do I Get Paid? - Poshmark

How Do I Get Paid?
You can withdraw your earnings anytime you'd like directly from the app!
STEP 1
Head over to the Account Tab > My Balance.
STEP 2
Tap 'Redeemable' and select an option to redeem your funds.
STEP 3
From 'Select Transfer Method' you can choose how to get paid from the options below.
Payout Options
Direct Deposit
Enter your bank information and we will deposit your money directly in your account, typically within 2-3 business days.
Check
Enter your address and we will mail you a check.

Instant Transfer*
Add a participating debit card and for a transfer fee, send your money directly to your account, typically within 30 minutes.
PayPal*
Log in and for a transfer fee, send money to your PayPal account. Use your funds directly via PayPal or transfer them to your bank account.
Upon withdrawal from PayPal, funds will be deposited into your bank in 1-3 business days.
Venmo*
Log in and for a transfer fee, send money to your Venmo account. Use your funds directly via Venmo or transfer them to your bank account.
Upon withdrawal from Venmo, funds are deposited into your bank in 1-3 business days.
*Poshmark uses Hyperwallet payment services to deliver Instant Transfer, PayPal, and Venmo. Instant Transfer funds usually appear in bank accounts within minutes, and may take up to 30 minutes. Actual times will vary by bank. Eligible with most Visa and Mastercard debit cards. Prepaid and expired debit cards are not accepted.

Instant Transfer To Debit Card

How to redeem your earnings via Instant Transfer
Instant Transfer allows you to quickly redeem your earnings via eligible Visa and Mastercard debit cards, typically within 30 minutes or less. A $2 transfer fee will be deducted from your total redemption amount for each transfer.

Redeem via Instant Transfer
To redeem your earnings via Instant Transfer:
In the app
Select your Account Tab (@username).
Select My Balance.
Select Redeemable.
Select Instant Transfer to receive a verification code.
Once you have reviewed transfer details, select Got It.
Enter your Debit Card Number, Expiration Date, and CVV.
Select Next.
Confirm the amount you’d like to redeem, and select Redeem.
On the web
Select your profile picture at the top-right of the page.
Select Order Activity.
Select My Balance.
Select Redeem Your Balance.
Select Instant Transfer to receive a verification code.
Enter the verification code on the verification screen.
Once you have reviewed transfer details, select Got It.
Enter your Debit Card Number, Expiration Date, and CVV.
Select Next.
Confirm the amount you’d like to redeem, and select Redeem.
Update Debit Card
You can only change your debit card information when you have a redeemable balance.
To edit your debit card information:
In the app
Select your Account Tab (@username).
Select My Balance.
Select Redeemable.
Select Instant Transfer.
On the Confirm Redeem page, next to Instant Transfer, select Edit.
Update your Instant Transfer information and select Done.
Confirm your redemption details and select Redeem.
On the web
Select your profile picture at the top-right of the page.
Select Order Activity.
Select My Balance.
Select Redeem Your Balance.
Select Instant Transfer.
On the Confirm Redeem page, next to Instant Transfer, select Edit.
Update your Instant Transfer information and select Done.
Confirm your redemption details and select Redeem.
You can redeem up to $1000 per day.
Only one debit card can be used at one time.

Prepaid and expired debit cards are not accepted.
Your debit card number cannot be deleted, but it can be edited.

Transfer to PayPal or Venmo

A $0.35 transfer fee will be deducted from your total redemption amount for each Venmo transfer.
To redeem your earnings via Venmo:
In the app
Select your Account Tab (@username).
Select My Balance.
Select Redeemable.
Select Venmo to receive a verification code.
Select Connect your Venmo and enter the phone number connected to your Venmo account.
Select Next to receive a verification code.
Confirm the amount you’d like to redeem and select Redeem.
On the web
Select your profile picture at the top-right of the page.
Select Order Activity.
Select My Balance.
Select Redeem Your Balance.
Select Venmo to receive a verification code.
Enter the verification code on the verification screen.
Select Connect your Venmo and enter the phone number connected to your Venmo account.
Select Next to receive a verification code.

Confirm the amount you’d like to redeem and select Redeem.
Only one Venmo account can be connected to your Poshmark account.
You must use your own Venmo account for redemptions.
Redeem via PayPal
A $0.35 transfer fee will be deducted from your total redemption amount for each PayPal transfer.
If you already have PayPal connected as a payment method, it will also be connected for redemptions.
To redeem your earnings via PayPal:
In the app
Select your Account Tab (@username).
Select My Balance.
Select Redeemable.
Select PayPal to receive a verification code.
Select Connect your PayPal.
If you already have a PayPal account, enter the email address or phone number connected to your PayPal account. If you do not have a PayPal account, select Create an Account.
Confirm the amount you’d like to redeem and select Redeem.
On the web
Select your profile picture at the top-right of the page.
Select Order Activity.
Select My Balance.
Select Redeem Your Balance.
Select PayPal to receive a verification code.
Enter the verification code on the verification screen.
Select Connect your PayPal.
If you already have a PayPal account, enter the email address or phone number connected to your PayPal account. If you do not have a PayPal account, select Create an Account.
Confirm the amount you’d like to redeem and select Redeem.
Only one PayPal account can be connected to your Poshmark account.
You must use your own PayPal account for redemptions.

PoshmarkFees & Payments

How do you get money out of your Poshmark account?

You can withdraw your earnings anytime you'd like directly from the app! Head over to the Account Tab > My Balance. Tap 'Redeemable' and select an option to redeem your funds.

How do I add my bank account to Poshmark?

In app.

Go to your Account Tab..

Select My Balance..

Select Redeemable..

Select Bank Direct Deposit..

Tap Edit to receive a verification code..

Enter your verification code on the verification screen..

Enter your updated bank account information..

Select Done..

How long does a bank deposit from Poshmark take?

Direct deposit requests normally take anywhere from 2-3 business days as long as there are no errors with your account information. If the account or routing number is incorrect, it takes 5 business days for the bank to reject the request.