Required fields are marked *. Kate Starr is a personal finance, FinTech and MarTech writer. I think ThredUp is a ripoff for sellers. Sounds easy enough, but some items will score a much bigger payday than others. How long did it take for them to send you a bag. The reviews were so acrimoniousthat I could feel my blood pressure rising as I read them; I even started to feel embarrassedthat I sent so much stuff away without researching first. Thank you for clearing this up! Before you start selling on ThredUp, make sure to read their requirements carefully in order to avoid any problems or mistakes. Once they sell your items for you, you can expect to get paid 5% to 80% of the sale value. Good luck to you all. I made enough to pay for a few guilt-free lattes at Starbucks, not to mentionthe part about me off-loading a bunch of stuff I should have gotten rid of a long time ago. 1. You just cant also feel good about donating to others in need. I think I will donate them, as I know the charity will get more than the pennies they would pay me. It was disappointing but I thought, oh, well, I made a little bit of money. They charge YOU to send them clothes, and then sell them to someone else without paying you a dime. I was very disappointed with the experience. but I couldnt find anything. I just requested my first bag not sure if Im going to use it or not, though, based on so many negative reviews. I probably wont use thredup again. Items will stay live on the platform for 60-90 days, depending on the brand. One reviewer at resellerratings posted on 08-07-2017 that her best items were not accepted but donated and then she discovered that ThredUP opened a brick-and-mortar store in June which led her to believe that nice things might be channeled to that outlet. All items were generally in style, nothing old, nothing worn, and gently worn or new with tags. Emily has experience as an editor of the Davidsonian, the on-campus newspaper at Davidson College. This is awesome! Cooling off pays off on thredUP. Customers have praised ThredUP for having easy-to-navigate features, providing high-quality items, and having reasonable prices. Once you have filled up your kit, just place it in the mail using the prepaid shipping label. wikiHow, Inc. is the copyright holder of this image under U.S. and international copyright laws. And the idea that you might owe money is really upsetting. If you do decide to sell, here are some things to keep in mind: It takes a while to get your money. ThredUP is an online consignment thrift store where you can sell your gently used clothing and earn a commission of up to 80% of the item's sale price. https://www.bbb.org/greater-san-francisco/business-reviews/general-merchandise-retail/thredup-inc-in-san-francisco-ca-381201. I think this will continue to do just that. I have way too much. Scroll down to the purple Estimate your payout box. And to add insult to injury, I had to wait two more weeks to claim my cash! if it is your first purchase and it still isnt working, let me know and ill contact customer support to make sure its still active! Not a great platform to sell designer clothing. It is not like they cant afford it. My experience was not very good I tried to show through emails and sign-up that I requested consignment even immediately when I received the upfront dollar amount. In 2020, bags were shown to have the most resale value. Today, those jobs are usually called side hustles. They take forever to process your bag and then give you an insulting amount for a huge bag full of New and Slightly used items. You have the option to donate your clothes or sell through thredUP. I should have gone through the list of 25, 000 brands they accept (which they never made available, too time consuming I quote THEM) before I sent my bag. Anyway. Thanks again! You can use your earnings towards other thredUP purchases. This article was co-authored by wikiHow staff writer. Its telling that they dont include a single line on their site about how you will be compensated as a seller, but on their Terms page they outline in a hundred different ways that you wave all rights (effectively) to a claim against them in case of dispute. For what I got last time, I would owe them money! Ive had mixed success with stuff Ive purchased, having to return more than half the items, which didnt fit or had other issues. 7 shirts (3 NWT) 2 dresses ( 1 NWT) My up-front payout was around $12, which I accepted for only 1 item. Unlike other platforms like eBay, or Facebook Marketplace, you cannot list all your items for sale. ThredUp is way less of a hassle, although they take FOREVER to finally offer a pay-out. I know you can pay extra to have rejected items returned. ThredUP not only takes care of shipping and returns but will also photograph and sell your items for you. Its honestly insane to be waiting this long. It is fun browsing through the listings. Picking the Right Items When you think about selling clothes on ThredUp, you have to make sure that you are choosing the right items that people will actually want to buy. ThredUP is best for women who are looking to start an online business from home where they can sell gently used items online. they say on their site that unaccepted items are passed on to third party sellers or our textile recycling partners and repurposed into new, useful products like carpets and pillow stuffing., See, this right here should tell you all you need to know about ThredUP and their business model. Because money isnt my prime motivator (just looking at it like a nice possible perk), Im also not interested in seeking out consignment shops, or dealing with the hassle of eBay. Two interesting articles on ThredUps business margins and profitability: After you go through your own closet, you can also look for clothes on other platforms if you want to sell more items online. Thanks for your thoughts! Think of this option as giving to Goodwill. Stripe. More From Your Money: Choose a high-interest saving, checking, CD, or investing account from our list of top banks to start saving today. To summarize everything that has been said in this article: 2. Some of the brands that are ineligible for payout include: ThredUP does not charge upfront costs or fees as it is completely free to sell with the platform. Its a terrible implication and I hope its not true but one thing is, the store announcement is on ThredUps own blog https://www.thredup.com/bg/p/thredup-opening-local-thrift-stores-near-you. Shopping secondhand and selling gently used items are great ways to be an eco-friendly fashion guru. Selling to ThredUp isnt all its cracked up to be. Ive made 3 orders from them, and while Ive loved everything Ive gotten from them I cant shake this feeling of distrust. If ThredUP does not accept your items, they will be shipped back to you at the cost of $10.99 or responsibly recycled. I guess if you bought and sold often you could even out the win/lose. We are always buying new items, but we never seem to toss out the old at the same time. This leads to overstuffed dressers and closets. At the very least I would have had to get in my car andbleh I cant even think about it beyond that. I hope its true that they donate the unwanted clothes and dont make a profit from what they reject. Ive never heard of Buy Nothing, but do you have Freecycle in your area? Ive taken things and offered things. Crew & Ann Taylor LOFT 1,000+ arrivals EVERY DAY. . After that, your items will be . Just out of curiosity, you had a lot of unwanted NWT items, were you unable to return them to the original retailer they were purchased from? Thanks for your comment! Sign up for wikiHow's weekly email newsletter. Sadly they arent always nice on your first one either. If the pay-out on this bag is the same or less than the tax savings, I will know that its not worth it to send clothes to thredUP again. For items more than $200, thredUP pays 80 percent of what its listing price is. I found your post after requesting my first thredup bag YOU ARE HILARIOUS! I might edit it to reflect the change because I agree with you, that makes a huge difference. Its like stealing. I have bought and sold about 7 times and will keep them in business. Boots in good condition from the brand can be listed for $100-200. 2. All I want is all this stuff out of my house, and the knowledge that someone else will wear it, or it will be responsibly recycled. Forget it. Funded by the U.S. Department of Agriculture and administered at the state level, SNAP benefits Blogging doesn't just have to be a fun hobby people do on their free time. There are no limits to what you can sell. Let me tell you now. Many of these sweaters are now hard to find, meaning their value could go up based on that scarcity. agreed the $9.99 thing is a huge game changer! All items were excellent, and I used a 30% first order promotion (the entire order was $40.00). ThredUP currently does not accept jewelry, mens clothing, formal gowns, items over 10 years old, items with signs of wear, or anything that is counterfeit. I will report them to fraud and scam sites and BBB. AH! Who knows that someone didnt just keep the purse or sell it else where? Here it is again! Just make sure youve done the research and know what ThredUp will accept before sending anything. We are moving and while I have had a lot of luck on Poshmark, I still have a ton of stuff that hasnt sold. We do the rest! One with adult clothes and the other with kids clothes. it does take a long time! Prada could earn closer to $700 depending on the style and condition. Emily is a tech and social media enthusiast who has written dozens of articles on popular apps and services. However, what I did find was that it is very difficult to sell smaller things. Today, ThredUP has processed 100 million items, saved consumers $2.8 billion in retail value, and displaced 888lbs of C02e. This article has been viewed 14,881 times. Clothes are very personal. wikiHow, Inc. is the copyright holder of this image under U.S. and international copyright laws. Made $1.10. Ivetaken myawesome, name-brand stuff that I used toget lots of compliments oninto a consignment store and left with every single item because it was from two seasons ago or it has pre-pilling. Selling clothesseemslike an easy way to become a millionaire, until you actually try to do it and find out that no one wants to spend close to retail price for that shirt youve worn three times a week for the past five years. Lengthy but convenient. Many women turn to side hustles as a way to bring in extra income, and sometimes, these side hustles take off in a way that they never anticipated. I think originally, the things they could sell for rags (a huge market, just ask Goodwill), would cover the postage and operating costs not recovered by the acceptable clothes. Thats why Ive already requested another bag. The Items they do not accept are not donated. There are 2 items on consignment that have not sold yet. They are one of the most popular shops for buying and selling secondhand clothes. I surely will be much more selective on what I put in this bag, and Ill have another pile on hand for the donations. Even worse, your clothes will not automatically be returned to you if . Oh really? ThredUP makes selling your clothes easy and ethical, so you can clean out your closet and make some money doing it. From the 2 articles, Thredup was not profitable in 2015 and this type of business generally has low profit margins. Sam loves dogs and is currently perusing leisure suits to buy for her corgi mix, Barry. As for stealing something, you arent the first person to say that. (though someone commented that if you use the credit for a purchase instead of cashing out the fee is waived, just fyi! But boy was I surprised to see that it now costs 9.99 to get a bag and ship it to them. Once your item sells, the buyer has a 14-day return window. I dislike keeping clothes I dont wear, I want to spend little or less on clothes, and rather than dumping on family or friends I can believe the good people at ThredUp will donate what wont sell. Here are a few other reasons why people love selling on ThredUp: In general, its usually much easier and faster to sell your clothing on ThredUp than trying to do it at a consignment shop, yard sale, or listing them by yourself online. They accepted about half of my items which was no problem. We do the rest! If I get a few bucks for it, all the better. Get a box of mystery items that may need a little TLC or that have been listed for a while. How Good Is ThredUP Support and Knowledge Base? Thanks for commenting! In addition, Ive never found a single thing on their site to buy, not to mention that their search function is a mess. Im glad you appreciated my perspective I hope your daughter has a good experience! wiser choices, buying quality over quantity. Go to the sell tab on the ThredUp website or app and then scroll down until you find another button that says 'Get A Clean Out Kit'. https://www.youtube.com/watch?v=O_LFjrC6WLk, Why Your Clothing Choices Matter: thredUP Explains The Textile Waste Crisis (https://www.youtube.com/watch?v=O_LFjrC6WLk), online fashion resale marketplace that sells used clothing. Heres the link again: http://www.thredup.com/r/PBHKWD, I could definitely have made more money selling my clothes on eBay, but the stuff had been sitting around taking up space and I wasnt making time to sell it, so I sent a bag off to ThredUp. The content on dollarbreak.com is for informational and educational purposes only and cannot replace any professional financial advice. But I never received a return email on my question of consignment vs upfront and to please correct. Refresh Your Wardrobe: How to Build a Capsule Wardrobe on a Budget. Why ThredUP In my opinion, paying the $10.99 shipping fee to have your clothes mailed back to you is not worth it. Other sustainable brands that had a substantial surge in sales were Everlane and The North Face. Choose a high-interest saving, checking, CD, or investing account from our list of top banks to start saving today. I actually think that since I wrote this post several years ago, their acceptance rate/payout has gone down. (Plus closet space in my house!) To sell your items with ThredUP, you need to be located in the United States in order to receive a clean-out kit. This image is not<\/b> licensed under the Creative Commons license applied to text content and some other images posted to the wikiHow website. You then choose whether to pass on your unsold items to charity or have them returned to you for a small postage charge. Not sure that applies to your situation either! Knowing that the clothes they dont accept will NOT be donated but will only make them more money is very, very upsetting. Now, thats not a ton of money, but based on so many bad stories I was very happy. I thought about all the money, time, and gas that I lost. I would like some proof that things are donated. Some of these items were NWT. The thredUP app puts a thrift store in your pocket by letting you sell women's and children's clothing and accessories to declutter your space while making money all without much effort. iSNT THAT WHAT THEY CLEARLY STATE IS THE PAY OUT RATE?? Ive ordered a clean out bag, after visiting two local consignment stores. I made $36. They accepted nearly everything in 2 giant bags I sent them and then 2 pieces from a 3rd bag. PayPal. It might sound dumb, but if I sign up for thredup am I forced to sell clothes to keep my account, or can I just buy stuff. I love shopping on Thred up, but after reading everyones comments, Ill just list my items on eBay. Lets review the steps to getting started with ThredUP: ThredUP has a 4.7-star rating on Apple App Store, a 4.2-star rating on Google Play Store, and a 2.1-star rating on Trustpilot. That ratio wasnt awesome, but REMEMBER! Sellers get the money after their items sell on the website. wikiHow, Inc. is the copyright holder of this image under U.S. and international copyright laws. It appears Ive got some grades of things to sell. On average, only about 50% of items make it to consignment. Am I crazy? It is a scam! Walmart is getting into the fashion resale market with ThredUp, an e-commerce company that buys and sells secondhand clothes, shoes and accessories. The average seems to be $0.30-$.80/skirt. Advertiser Disclosure: Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. The Standard Clean-Out Kit means you earn cash or credit for accepted women's and kids' items in the bag. The stuff I truly dont care about and want the heck out of my house are going in the ThredIt bag. I used the link at the beginning of the blog and I dont see where the $20 credit is. My take away in all of this is to be more careful with the clothes I buy for myself! Im planning to try ThreadUp, not because I hope or expect to make a lot of money, but because Im looking for a easy way to clean my closet and ensure these items either end up in a good home or are utilized in a way that keeps them out of a landfill (Im aware of and fine with ThreadUp selling rejected items to 3rd parties still keeps them out of a dump). A Payout is the percentage of the sale that you receive. Thats why I count it as a success. I was beginning to completely freak out after reading a bunch of complaints. I asked customer service and they basically told me to throw them in the bag (you can bubble wrap them if you want), that concerned me a little since both pairs are new with the boxes and I wonder if they will look new when they arrive. Geography and regional cost of living play a big factor into pricing. Its completely free to sell your items on the platform, and theyll take care of photographing, selling, and shipping for you. Louis Vuitton was listed as the top luxury brand sold on thredUP and it makes sensewhy. I hadnt sold anything on ebay for a while, and I sold a couple things before Thanksgiving. Im on the lookout for a new-to-me bag, and what are the odds I could find a rain jacket for Mary Virginia? Confused where to start? Not even enough to buy a cup of coffee. Aside from the fraud and ill will they create they are diverting money from charity shops. That is why if you have a lot of designer items, you may want to try other platforms like Depop or The RealReal. Let me know about your experience! Mid-priced and low-priced value brands vary depending on the selling price, but you can make anywhere from a 60% to 3% Payout. Read More:Corn Flakes, Mountain Dew and 9 Other Beloved Brands With a Twisted History. From the day I ordered my bag to when they processed it took about a month and a half. With an eye on environmental impact, ThredUp works to prevent pollution by recycling clothing from thousands of brands for up to 90% off. I suggest others do the same. Finally, selling on ThredUp is a great option if youre looking to get cash quickly for your items. Change is right. Sign up for our daily newsletter for the latest financial news and trending topics. ThredUP was founded in 2009 by James Reinhart in California, United States. Youll want to focus on selling items that are in good condition, fit most people, and can be worn in several different ways. I would never support a company with such a business model, therefore I wouldnt buy from them knowing they ripped off their sellers. You dont even get paid a dollar for each item that they accept. Thats like $0.82 a piece, while they were selling the pieces anywhere from 5.99 to 10.99.They were making about 98.00. Not worth the effort anymore. See The whole reason Im IN this position is because I did go to one of those chain consignment stores where some..half my age girl with ZERO taste, and bad hair rejected barely worn high-end brands from expensive boutiques and my pride was wounded. Still got questions you need answered? So now you have all the information you need to start selling clothes on ThredUp! Its completely free to sell your items on the platform, and theyll take care of photographing, selling, and shipping for you. Not to say that it isnt still a really easy way to part with emotional baggage and then have a little money to buy a few nicer things. Review thredUP's quality standards to make sure your clothes are able to be sold. They are easy to use, but the payout is awful. And now theres a long wait even for a clean-out bag! Fill up your kit Free up space in your closet by filling any box or bag with gently used items you no longer wear, need, or love. While Im not after a huge payout and I agree that we over-estimate the value of our belongings, it gives me pause that the bad reviews are very current and that a lot of people reported getting nothing or a pittance of a pay out, even on new items. Enter the brand and category of your item. Is the $10 fee from last year no longer their policy? Any unaccepted items (the things thredUP wouldn't be able to sell on-site) are shipped back to you (for $10.99) or responsibly recycled, according to the company. I recommend picking a handful of items youd like to sell and sending them all at once in their cleanout kit. Out of 60 items they too 6 and after deducting my shipping they paid out $5.05 so laughable. It seems to be an all around win, win situation for them. You were smart to visit the consignment stores first! Also annoying is that some stores will ship an item, and other stores will not. Fill up your kit Free up space in your closet by filling any box or bag with gently used items you no longer wear, need, or love. What a joke! . Once ThredUp receives your items and approves them, everything will be worry-free since they take care of the rest! 302: How This Freelance Guru Helps Others Create Freedom Through Gig Work with Dorothy Hollabaugh, Extended: How To Successfully Grow A YouTube Channel with Lana Glushkova. Sending items to ThredUp ends up being a total waste of time A full bag of clothes should at least equal enough to purchase one item from their site. Our area has a sister site, knows as cheapcycle, and people sell things there. I usually donate because Im not sales savvy enough to deal with online selling, but if a retailer takes the same item I would donate, makes money on it and I get nothing (or a pittance) that would make me feel cheated. 1.) If you still have questions for ThredUP, you can contact them by emailing them at support@ThredUP.com. Took more than two months to hear from them and my bag of designer clothes netted $1.60. I recently sent in two bags of stuff and was satisfied with the experience. How do you know that? My new favorite top, bag, and dress are all ThredUp finds. I chose Thred-up intentionally for these new items since I figured thered be no debate over condition. Plus, you have to be prepared for them to pay you only a fraction of what they sell you stuff for. I sent them a bag of clothes worth $2,000.00 and received $40.00. In about 3 wks almost 50% of the bad has sold for over $300 my upfront is $7.65. Then I calculated what that deduction would be worth in saved taxes based on my tax rate. For instance, ThredUp allows their customers to sell clothing for any age group, including womens, mens, and childrens items. Sure to read their requirements carefully in order to receive a clean-out bag thought about all the better to your! Apps and services bag, and gently worn or new with tags 80 of. 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For Mary Virginia saving, checking, CD, thredup selling item unavailable investing account from our list of top to.
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