I have been getting IPSY bags for about a year now, but I heard about the Sephora Play bag from my cousin and decided to try it out. This was my first month getting it, so I wanted to spend a post comparing the two.
As far as the actual bag, they are both supposed to come with collectable bags, but I definitely prefer the IPSY bag (at least this month). I use the IPSY bags to separate all the different colors of lipstick I have, and I prefer having a zipper to a drawstring bag.
Both of the bags are $10, and they come monthly. The IPSY bag gives you the chance to see your products the second week of the month, and they show you the theme and bag on the first of every month. Sephora Play does not show the theme or the products you are getting until around the time you actually get the bag. This is just a matter of preference, but I prefer the way IPSY does it.
With IPSY, you get your bag around the end of the second week of the month. Sephora Play delivers the bag around the third week of the month. IPSY sends the bag in a metallic pink bubble wrap package, and Sephora Play sends theirs in black and white striped box. Even though I have never received any damaged products from IPSY, I feel like the box protects the samples better, and the box is really cute.
As for the products themselves, it seems like you get more deluxe samples from IPSY (at least this month). However, Sephora Play definitely gives you higher end samples. This month I got samples from Beauty Blender, Too Faced, Clinique, and Glam Glow. IPSY, on the other hand, is more drugstore makeup even though they usually do send at least one sample of higher end makeup with each bag.
Overall, I think that both bags are definitely worth it. Choosing between the two comes down to a matter of preference and the samples that you are looking to try.