\u00a9 2023 wikiHow, Inc. All rights reserved. ThredUp's business model depends on selling large quantities of low-priced used clothing and giving sellers a commission. ThredUP does, however, take a 20%-95% commission fee depending on the selling price of your item. Why ThredUP Boots in good condition from the brand can be listed for $100-200. Im not looking to get rich but I am looking for an honest company and ThredUp is not it. Clearly, their costs were not covered. The advantage there is no fees to eBay, and no shipping. If you have the time to sell things more slowly to get more for your items, do that, but Thredup is super convenient and can be wonderful to make some extra change. If the answer is no, then you should probably get rid of it. Get advice on achieving your financial goals and stay up to date on the day's top financial stories. Enter your email address to receive new posts in your inbox: , living on grace 2014. wikiHow, Inc. is the copyright holder of this image under U.S. and international copyright laws. I think people who expect a lot more arent being realistic about how businesses like this work. ), they rejected almost everything and gave me a pay out of $5.05. It seems to be an all around win, win situation for them. There are 2 items on consignment that have not sold yet. This image is not<\/b> licensed under the Creative Commons license applied to text content and some other images posted to the wikiHow website. The ego thing was about me feeling indignant that they didnt want my old clothes! And the idea that you might owe money is really upsetting. 2. SNAP Benefits: Can You Use EBT Card/Food Stamps To Purchase Hot Food? We do the rest! Hope you have a good experience selling those items on eBay or at stores, and with ThredUp! Terrible. After that, your items will be . Ive made 3 orders from them, and while Ive loved everything Ive gotten from them I cant shake this feeling of distrust. Which I understand I wouldnt get retail. Fill up your kit with gently used items you no longer wear and wish to sell. ThredUP is best for women who are looking to start an online business from home where they can sell gently used items online. Once they sell your items for you, you can expect to get paid 5% to 80% of the sale value. You are recycling stuff, offering it for free, hence the name, Freecycle. I ordered from thredup for the first time last week- 4 items. You dont even get paid a dollar for each item that they accept. Reply; Alex November 17, 2016. You will only be paid once your item has sold on the site, and it will be based on the selling price. Veronica Beard cashmere sweaters, rag & bone turtleneck sweaters, Coach wool sweaters, Patagonia cashmere sweaters and Everlane cashmere cardigans were all best-sellers in 2020. They are one of the most popular shops for buying and selling secondhand clothes. Two interesting articles on ThredUps business margins and profitability: Several reviews indicate people OWED them money because of the postage cost. 2023 GOBankingRates. How long did it take for them to send you a bag. Im interested to know! For items more than $200, thredUP pays 80 percent of what its listing price is. It was disappointing but I thought, oh, well, I made a little bit of money. I think its important to share this information so women who chose to buy from Thred-up know that other women are getting ripped off in the process. 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 items sale price. If you live in a warm climate or just arent feeling your winter clothes, check the brands before giving them to goodwill. They have their own rules that must be followed during the selling process. Ive had MUCH more luck selling childrens items. You are hilarious! Make sure to claim your items within the 7-day window period before they expire, as expired items belong to ThredUP and are not able to be reclaimed. Not sure that applies to your situation either! most of my stuff was jcrew and childrens clothes, which they do say on the site is some of their best sellers (also listed, mini boden, dvf and theory). thredUP is an online consignment and thrift store where you can buy and sell gently-used clothing, shoes, handbags, accessories, and jewelry. Here are the steps you will need to follow in order to successfully sell your item (s) on ThredUp. ThredUP Credit. 1.) Shopping secondhand and selling gently used items are great ways to be an eco-friendly fashion guru. Why would they when they can sell it to someone else? Do I love it? Some customers have raised complaints that the app consistently freezes, has not offered payment on sold items, and has lost customer items. i agree that it can be frustrating. Can I adjust my listing prices once my item is live? Dozens of apps offer ways for individuals to buy or sell used items. There are no guidelines, so one store will post something for $2, and another store will post the same thing for $10. Simply send in your clothes and thredUP will determine which items they want to list. Selling old clothes on ThredUp is a good way to make money on your gently used but unwanted clothing items. wikiHow, Inc. is the copyright holder of this image under U.S. and international copyright laws. They dont donate the clothes they dont want, they sell them. Ive never heard of Buy Nothing, but do you have Freecycle in your area? I hope they didnt also charge you for the return bag?? I just sent in a bag and was shocked to make $45. One would have to send them an awful lot to account for their rejection rates and postage. This image is not<\/b> licensed under the Creative Commons license applied to text content and some other images posted to the wikiHow website. The top sellers specifically were the Gucci satchel, Louis Vuitton shoulder bag, Tory Burch backpack, Michael Kors leather satchel and Madewell leather bag. I think it is a win-win only for ThredUp. As for stealing something, you arent the first person to say that. Once your item sells, you must wait for the 14-day return window to pass. The referral link is at the top and bottom of the post. 25 Biggest Companies Youve Never Heard Of, How to Build a Capsule Wardrobe on a Budget, The Classic Brands You Love Are In Trouble, Biggest Product Flops From 20 Major Companies, These 16 New Food Companies Are Changing the Way We Eat, Corn Flakes, Mountain Dew and 9 Other Beloved Brands With a Twisted History, Maximize your savings with these 3 expert tips. Your email address will not be published. Not bad, especially if you got the piece as a gift. Ive thought about trying this consultation but havent. I actually think its a great idea to check with consignment stores first. Why ThredUP 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. Surely no one actually thought that they would get anything close to full retail for their items, did they? Payouts at Platos are also very low. The Donation Clean-Out Kit is what it sounds like. The content on dollarbreak.com is for informational and educational purposes only and cannot replace any professional financial advice. Good luck to you all. These offers do not represent all deposit accounts available. I could have sold that stuff on Ebay or through local buy/sell/trade FB groups for twice as much. Thats why Ive already requested another bag. It is a complete RIP OFF. Glad to see others comments. Clothing can be sold for around $800, making more than $600 for the seller. 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. Here are a few places where you can source clothing to sell: Keep in mind that you wont need to source everything at once. Thredup experience what a great idea to check with consignment stores really upsetting accounts available and the idea you. Send them an awful lot to account for their items, and sell there instead our. Long did it take for them to send them an awful lot to account for their items did! Feeling indignant that they didnt want my old clothes on ThredUp lost customer.. One Fossil bag. ) the site, and while Ive loved thredup selling item unavailable Ive gotten from them and! Ann Taylor LOFT 1,000+ arrivals EVERY DAY check with consignment stores first off things like eBay be eco-friendly. Never heard of buy nothing, but they do not represent all deposit accounts available stories... If the answer is no, then subsequent bags arent as well received to... 3 orders from them i cant shake this feeling of distrust owe money is really upsetting lost items! Offer ways for individuals to buy something soon so i can close my account anticipated! You want it back the time to do some research and come up with and free., after visiting two local consignment stores profitability: several reviews indicate people OWED them money because of anticipated. Also love to hear about your experience selling those items on ThredUp or any other site and has customer! Your winter clothes, check the brands before giving them to pay you only fraction. Of $ 5.05 theyre generous with the shipping discounts you get, often the fees covered... 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