Selling on thredUP – How Much Money Can You Make?

Growing up, my family was on a tight budget. To help make ends meet, my sister and I would wear hand-me-downs from family and friends, and my mom would sell our old clothes at garage sales and consignment shops. Being brought up this way — I guess it was only natural for me to resell my old clothes for money too.

How much does thredup payThe first time I resold my clothing was in college, at a Buffalo Exchange. I sold a few pairs of jeans and some shoes. I didn’t earn a lot of money – but with the money, I did make, I was able to buy myself a couple of new-to-me clothing items.

From there, I started selling directly person-to-person via online want ads, Craigslist, and Facebook Groups. When you take out the middle man — your profits are much higher, but, you have to invest more of your time (writing your ad, taking photos, responding to potential buyers, and eventually meeting them in-person to make the transaction).

So, when thredUP came onto the scene, I was excited to try them out.

How Does thredUP Work?

thredUP is an online consignment and thrift store where you can buy and sell gently-used clothing, shoes, handbags, accessories, and jewelry.

I’ve been selling clothes on thredUP since 2015, and their process is ALWAYS changing. When I first started using thredUP, there were no fees to start selling, you just ordered a cleanout kit and shipped it back. Now, they have some optional fees which I’ll explain below.

To start selling on thredUp — goto their website and click on green CLEAN OUT tab. From there you’ll click on the ORDER A FREE KIT button. When choosing your kit, you can either pick to donate your clothing or earn money from it. The next option you have is processing — which you can select expedited processing for $16.00 (which means they’ll process your clothing within one week of arrival) or you can choose the free standard processing.

From there, you’ll decide what to do with the clothing that isn’t accepted for resale (thredUP only accepts about 40% of the items on average). If you want your items returned to you — add on a $10.99 fee; otherwise, you can choose to donate what’s left. Your last decision is if you’d like them to ship you a bag with a pre-paid return shipping label (costs $1.99) or you can choose the free option, which is to print the label out yourself and use an old box to ship the items to them — I prefer to use the free options.

Once you have your kit, all you need to do is fill it with your gently-used items and ship it off to them.

Be sure to follow these guidelines for the best reselling results:

  • Clean, freshly washed
  • Name brands (they accept 35,000 brands)
  • On trend and less than five years old
  • Free of tears, stains, or rips
  • Excellent condition

One thing I like about the thredUP process is they keep you in the loop, letting you know when they receive your bag and when they’re done processing it. Now if you choose the standard processing option — it can take a LONG time (anywhere from 2 – 8 weeks has been my experience) for them to process your bag. When your items are processed — they’ll let you know which items were accepted outright and which items are on consignment. Payments are distributed by thredUP shopping credit, VISA prepaid card, or cash via PayPal.

How Much Can Your Earn Using thredUP?

Now the question that everybody wants to know — how much can you really earn with thredUP? According to their website, approximately 40% of your items will be accepted, and from that, you’ll make 5%-80% of what an item sells for based on its listing price (this is for up-front payouts). For consignment items, you’ll make 20%-95% of what an item sells for based on its listing price. If you have luxury items (think Gucci, Kate Spade, or Christian Louboutin) you’ll earn an additional 10% on things that are listed for more than $100.00.

How much does thredup pay

Clear as mud?

To give you an idea of what you can really earn, I’m sharing the contents of one of my bags and the actual payout numbers. Side note: I always choose the free options.

Women’s Clothing

  • White House Black Market leggings
  • Merona ballet flats
  • Embroidered denim jacket > 5 years
  • Banana Republic trouser jeans > 5 years
  • Juicy Couture jeans > 5 years
  • Loft sweater > 5 years
  • Merona sweater
  • J Crew blouse
  • Cache tank top
  • Loft blouse
  • Banana Republic sweater > 5 years
  • Old Navy jeans > 5 years
  • Cabi hooded sweatshirt > 5 years
  • Express skirt > 5 years
  • Gap skirt > 5 years
  • Gap skirt > 5 years
  • Banana Republic pants > 5 years
  • Kut from the Kloth jeans > 5 years
  • Banana Republic pants > 5 years
  • Citizen of Humanity jeans
  • Banana Republic skinny jeans

Girls Clothing

  • Old Navy denim shorts
  • Miss Me denim shorts
  • Old Navy printed denim shorts
  • Austin Trading Co cowboy boots (faux leather)
  • Old Navy leggings
  • Cherokee long sleeve tee
  • DKNY long sleeve tee
  • Arizona Jeans denim shorts
  • Cherokee tank top
  • Miss Me jeans
  • Gap jumper
  • Hello Kitty jacket
  • Xhilaration swim coverup
  • Xhilaration dress
  • Jessica Simpson jumper
  • Jayne Copeland cape > 5 years
  • GB Girls dress
  • Cherokee vest
  • Matilda Jane sweater
  • Faded Glory leggings
  • Nickelodeon shirt
  • Faded Glory T-shirt
  • Circo T-shirt

From this haul, they accepted 13 items which is only 30% of the bag. I guess if you took out my outdated items, it would be more on target (43% accepted) with their average acceptance. Five items were sold on consignment ($24.95), and the remaining eight were purchased outright ($9.99) for a total of $34.94.

How much does thredup pay

Is thredUP Worth It?

As I said, I’ve been selling on thredUP since 2015, and over the years I’ve earned a grand total of $412.93.

Another thredUP user, Alicia Woodard, has earned $540.00 so far using thredUP.

While it’s not a lot of money, it’s been helpful. I actually don’t take the cash payout — instead, I let my daughter use the thredUP shopping credit to buy new-to-me clothing items. Their clothes are in excellent condition, in fact, many items are new with the tags still on, and they are incredibly affordable. You can purchase luxury brands for a fraction that you’d normally pay.

So, would I suggest using thredUP to sell your clothes?

It depends.

I use it because it’s easy and I would have either donated these items to Goodwill or given them to a friend – so I’m earning more than I would have if I’d given them away. Now, if I have something of greater value (think a Micheal Kors handbag or a North Face jacket) I would sell it individually on an online site like Poshmark, Craigslist, VarageSale, or Facebook Marketplace — because I know I can earn a great deal more, and the extra time and effort that goes into the listing would be worth my time.

Also, I tend to keep my clothes for a really LONG time, so many of the items that I submit to thredUP are over the 5-year mark — but I figure, why not give it a try.

Some other variables to consider …

I’ve personally found that thredUP accepts more items for children than they do for adults (probably because I keep my clothes for so long and they’re out of style). So, if you tend to update your wardrobe every season and you have current styles to send in — you’ll likely earn more money.

It’s also better if you can send in seasonally appropriate clothing which means you may have to save your items for a few months before you can send them (which is what I typically do).

Conclusion

Overall, I enjoy using thredUP both for buying and selling clothing. The process is simple, and they do the hard work of listing, taking photos, and handling the transaction. I think you just need to have a realistic idea of what you’re going to earn, how long the process will take, and how much time you’ll save using them vs. selling outright.

Read more  Girls Halloween Costume Ideas for 2022

If you’re interested in trying thredUP — be sure to use my referral link here and you’ll receive $10 to spend on your first order.

Have you sold clothing on thredUP? What was your experience? Drop us a note; we’d love to hear from you! If you enjoyed this post — please share it on your favorite social media site.


— Update: 03-01-2023 — cohaitungchi.com found an additional article Make Money Selling on Thredup: A Guide (2021) from the website financialpupil.com for the keyword how much does thredup pay.

Do you have used clothing lying around that you haven’t worn in a while? Would you like to get rid of the clothing, but don’t want to donate to somewhere like Goodwill (because you want to make some money)? If so, you might want to consider selling on Thredup.

The market for resale of apparel is larger than it’s ever been before and still growing. Why not take advantage of this and sell with one of the largest consignment stores in the world? Not only will you clear out some space from your closet, but you’ll also make some money in the process.

This post will cover exactly how selling on Thredup works, what to sell on Thredup, and how much money you can expect to make. Ready to turn your gently used clothes in cold hard cash? Let’s get right into it.

What is Thredup?

Before getting into the specifics of topics like online consignment, postage, and designer brands, it’s important to first understand what Thredup is.

Put simply, Thredup is an online thrift store (or consignment store) where users can buy used clothing online at a discounted price. One quick look at Thredup and you’ll see that all sorts of things are available, including handbags, sneakers, sweaters and more.

Of course, Thredup doesn’t get their clothing and accessories for free. That’s where you come in! As a seller, you’ll be on the other end of the transaction and sell used clothes to Thredup. Like any other online consignment shop, Thredup will take your clothes, handle them, then resell them for a profit.

In the end, you get to get rid of your clothes for cash, someone else will receive a garment for cheap, and Thredup will make some money in the process too. Everybody wins.

How Does Selling on Thredup Work?

Once you decide that you want to sell your clothes on Thredup, you’ll want to request a Thredup clean-out bag. This is just a large bag where you’ll put all your unwanted clothes and textiles. If you don’t want to use their bag, you can also fill up your own box and request a free mailing label from them. You can ship them up to 15 lbs worth of used items in one package.

Keep in mind that not everything you clear out from your wardrobe will be accepted. Thredup has very strict requirements on your clothes being in good condition and won’t accept anything if it has a stain on it, if it has any tears, or if it smells. In fact, Thredup states that with their Quality Clothing Standard, they only accept about 40% of the clothing they get. This means if you send them 10 pieces of gently used clothing, they’ll likely only accept about 4 or 5. Make sure you only send them gently used items to have the best chance of being accepted.

All of the clothing that they don’t accept either gets donated or given to textile recycling partners (if you want the clothing back, you can pay Thredup a small fee).

The clothing that IS accepted is consigned. What that means is that it’s put on consignment (on the market) for 60 days. If you happen to have submitted a piece of designer clothing (like Louis Vuitton or Prada), your item will stay on consignment for 90 days. If it hasn’t sold after this time period, you can either choose to reclaim your pieces of clothing, or choose for Thredup to keep it.

What to Sell on Thredup?

When it comes to selling on Thredup, almost anything goes. That being said, as of right now, Thredup is only accepting and selling women’s clothing. Also, luxury brands and name-brand clothing tend to get accepted more often than regular brands.

Here are some of the best things to sell on Thredup right now:

  • Bags and purses – In 2020, bags were shown to have the highest resale value. If you have a handbag you haven’t used in a while, consider selling it to Thredup.
  • Coats and jackets – If you have fashionable outerwear lying around, you could sell them to Thredup and make some cash.
  • Denim – Trendy denim jeans, denim jackets, and Old Navy jeans also tend to do well on Thredup.
  • Tees – Instead of sending your old shirt to the landfill, why not sell it for some money.
  • Shorts – When it comes to garments, shorts will almost never go out of style (especially if you live in a warmer climate).
  • Dresses – Some dresses on Thredup are listed as high as $200! If you have some formalwear to get rid of, consider Thredup as an option.
  • Shoes – Footwear is another category that tends to do really well on Thredup.

As with reselling to any second hand shop, make sure that your clothing is wearable and just lightly worn. Also make sure to check out Thredup’s website for their criteria on what they accept and reject. The last thing you want to do is to send them a bag of clothes and have it all sent back to you.

How Much Money Can You Make From Selling on Thredup?

Before you dive in to selling on Thredup, you’ll want to know exactly how much money you can expect to make. The thing with Thredup is that because it’s so easy to send your stuff in (and you really don’t need to do any work), you’re going to be paid less than somewhere like Poshmark. Generally speaking, when it comes to Thredup vs Poshmark , Poshmark requires more work, but also pays more, and Thredup is the opposite.

Here’s a table of Thredup’s payout percentages:

$5.00-$19.993%-15%
$20.00-$49.9915%-30%
$50.00-$99.9930%-60%
$100.00-$199.9960%-80%
$200 or more80%

What this means is that if your Gap tee shirt sells for $12, you can expect to get 3% – 15% of that (around 10 cents… yikes!) BUT, if you have a Gucci handbag that sells for $350, you get to keep 80% of that (aka around $280).

When one of your items is purchased, the buyer has a 14-day window to return it. You earn cash on your sale after the window has passed.

Pros and Cons of Selling on Thredup

Your clothes are important to you so it’s crucial that you carefully weigh the advantages and disadvantages of selling on Thredup before diving right in. Here are some of the pros and cons of using Thredup to sell your clothes.

Pros:

  • Convenience – If you’re looking for a quick and easy way to get rid of your clothes, Thredup is the way to go. Unlike other consignment shops, Thredup makes it extremely easy for you to send in the clothes you want to sell or donate. Just take your unwanted items, plop them in a bag, send them to the right address, and get some money for it a few weeks down the line.
  • It’s free – Signing up for Thredup is completely free. You don’t even need to spend money on gasoline driving your clothes to a drop-off location. Just mail your clothes and you’re done.
  • Eco friendly – According to Thredup, over 1 billion lbs of CO2 emissions have been displaced because of their efforts. How? Because when your clothes are recycled through Thredup, they are effectively creating a circular economy that limits the negative environmental impacts of fashion.

Cons:

  • Uncertainty – When selling on Thredup, you run the risk of having your old-clothes (even designer clothing) not get accepted. When you use a platform like eBay or Facebook Marketplace, you can list whatever you want, but with Thredup, you need to be a little more selective. If you send them duds, you’ll need to pay to get them back.
  • Low profit – If you’re looking for ways to make money that can supplement your income, selling on Thredup is probably not the way to go. Thredup is much better for people who want to donate clothes (and not actually earn any profit on them).
  • Less marketing opportunity – Another downside to having Thredup do everything is that you have less opportunity to market the product. When you work with consignment shops like Thredup, you’re basically giving up all control of the process. Have a friend that would suddenly be willing to pay you a LOT of money for the item you just sent away? Too bad, unfortunately you won’t be able to sell it to them.

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FAQ About ThredUp

Here are the answers to some of the most frequently asked questions regarding ThredUp:

  • Are there any fees associated with selling on ThredUp?

There is no fee associated with selling on ThredUp, however, when you cash out your earnings, you may need to pay a small percentage of it to the company. If you choose to use stripe direct deposit, a 1.5% transfer fee, as well as $0.25, will be applied to whatever earnings you had. PayPal payouts arrive in your account immediately but come with a 2% transfer fee.

  • Will it help my earnings if I’m good at social media?

With certain other online selling platforms (like Etsy or eBay), you can market your stuff on Instagram, Pinterest, Twitter, and other social media platforms to drive more traffic. Unfortunately, because ThredUp is an online consignment store, it won’t increase your earnings if you’re good at social media.

  • How much exactly can I expect to get paid if I use ThredUp?

Though you can make some cash with ThredUp, there are plenty of other ways to make extra money. You probably want to know exactly how much you can make with ThredUp to see if it’ll be worth your time. Luckily, there is a ThredUp payout estimator designed just for that purpose. It will require you to sign up for an account with them and will then give you clear estimates on what you can expect to earn with ThredUp.

  • What is bidding and does it affect me as a seller?

When your items first hit the site, there will be a 12-hour bidding window in which you can’t adjust the price of your item. Though this may sound bad, the prices with bidding are potentially higher than those you’d get if you sold the item normally. Since you’re paid on a percentage basis, this means a higher payout for you!

Recap: Everything You Need to Know About Selling on ThredUp

So there you have it: everything you need to know about selling on Thredup. If you’re thinking about donating your clothing away and would like to make a little bit of money on it in the process, consider using Thredup instead.

Though you don’t get paid very much, Thredup DOES allow you to easily clean out your closets and will assist with your decluttering efforts (you no longer need to drive around town looking for thrift shops and thrift stores that will accept your clothing).

All in all, Thredup is NOT some kind of upscale reselling shop where you’ll be able to make a living off your earnings, but it IS a nice way to get rid of some old clothes you don’t want and potentially make a bit of spending money.

If you’ve ever used ThredUp and have some thoughts on it, let us know in the comments!


— Update: 03-01-2023 — cohaitungchi.com found an additional article ThredUP Review 2022: Make Money Selling Clothes Online from the website www.frugalforless.com for the keyword how much does thredup pay.

ThredUP is one of the largest closets for second hand clothes and accessories on the internet. In this Thredup review, we’re going to show you how to make money selling clothes online.

On ThredUP you can save up to 90% on like-new styles from brands like J.Crew, Anthropologie, Mini Boden, Crewcuts, and more. Plus, you can make a pretty penny.

In this review we’ll take an in-depth look at ThredUP, including pros and cons and tricks and tips.

You’ll be able to decide if ThredUP is the right online community for you to buy and/or sell clothing. Let’s dive right into this massive closet…

  • Direct Link to Site

What Is ThredUP?

ThredUP is the world’s largest online marketplaces for used and new women’s and children’s clothing and accessories.

It prides itself on transforming the way people think about and interact with second hand goods.

It’s part of a larger Collaborative Consumption movement, which encourages consumers to live in a more collective, sharing economy.

Founded in Cambridge, Massachusetts in 2009 by James Reinhart, Oliver Lubin and Chris Homer, this ground-breaking, privately-owned, start-up’s headquarters are located in downtown San Francisco with distribution centers all over the United States.

They also have two retail locations, one in California and one in Texas.

Signing Up For ThredUP

It’s really easy to sign up for a ThredUP account.  You can use your email, Facebook or Google account to do so.  Once you sign up, you’ll be asked if you want a little help setting up your “closet.”

If you select “Yes,” you’ll be asked your sizes for tops, dresses, waist, shoes and how much you typically spend on a pair of jeans? (less than $50, $50 – $100 or more than $100).

After answering these questions, you’ll be given a “closet” of appropriate items to shop from.  Here are some examples of what ThredUP chose for me:

  • hobo style bag from Express for $36.99 ($80 new)
  • Michael Kors faux fur vest for $64.99 ($248 new)
  • pair of Lululemon Athletica yoga pants for $50.99 ($98 new)
  • pair of Dansko clogs for $34.99 ($119 new).

What Can I Buy on ThredUP?

You can buy quite a bit on ThredUP. For women, clothing categories are: regular, premium and designer dresses, tops, sweaters, coats and jackets, jeans, pants, skirts, shorts and active wear.

There’s also categories for shoes, accessories (belts, sunglasses, tights, hats, gloves, scarfs, watches, makeup bags and card holders), handbags (wallets, laptop bags, weekenders, coin purses, makeup bags, diaper bags and backpacks) and costume jewelry (necklaces, rings, earrings, bracelets and brooches).

Within the women’s area you’ll also find separate categories specific for maternity, plus sizes and juniors.

You can also buy kids clothes, accessories and shoes on ThredUP.  Sizes range from preemie to 20 for clothes.

Although men’s clothes, accessories and shoes are NOT for sale on ThredUP, boys are.

For girls, categories are:  dresses, tops, sweaters, coats and jackets, jumpsuits, jeans, pants, shorts, skirts, active wear, swimwear, costumes and accessories.

For boys, categories are:  shirts, sweaters, coats and jackets, jumpsuits, jeans, pants, shorts, skirts, active wear, swimwear, costumes and accessories.

Be on the lookout for ThredUP coupon codes in your email or on the homepage.  They often have great promotions, like 40% off your purchase.

As far as tax, ThredUP is required by law to collect sales tax on orders shipped to the following states: California, Georgia, Hawaii, Illinois, New York (some items), Pennsylvania and Texas.

How Much is Shipping for Buyers?

There’s a flat rate shipping fee of $5.99 for regular USPS mail (3 to 8 business days once the item(s) is shipped) or $11.99 for expedited shipping (2 days once the item(s) is shipped).

Shipping is always free for purchases $79 and over (too high if you want my opinion). You can earn unlimited free shipping (for the next month) if you spend $150 or more in any one calendar month.

One cool promotion ThredUP is currently running is free shipping in exchange for allowing push notifications on your smart phone (those text like messages that randomly pop up with breaking or exciting news).

To do this, download ThredUP’s mobile app for Apple or Android.  If you enable push notifications, you’ll get free standard shipping on any mobile app order.

Currently, ThredUP ships orders to the 50 U.S. states, Washington, D.C., Guam, Puerto Rico, APO/FPO/DPO addresses, as well as over twenty countries outside the U.S, including Great Britain.

All orders shipping to APO/FPO/DPO, Hawaii, Alaska, Guam, Puerto Rico and Guam will arrive via USPS (but some may initiate shipping with FedEx). All other orders shipped outside the U.S. will be delivered through Borderlinx.

What are Goody Boxes?

There’s a really fun new, limited edition product you can buy on ThredUP called “Goody Boxes.” Goody Boxes were launched in fall 2017.  They’re filled with unique finds curated by ThredUP and customized based on your preferences.

Goody Boxes have free shipping, free returns and free at-home-try-on.  This is not a subscription service.  Each box is unique and customized to your style and budget. There’s a $20 deposit (applied toward purchase) and you only pay for what you keep.

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How Does Selling Work?

Once you join ThredUP and see the wonderful array of items to buy, you’ll probably want to consider selling your unwanted items to finance your new habit!  Although savings on ThredUP items are usually around 90% off retail pricing, you can still make money selling items here.

First, you’ll need to order a kit (also known as a bag). Unfortunately, ThredUP has become so popular it’s not always easy to order a kit.  In fact, for several months in the fall of 2017, the site has had a hold on new kit orders.

It’s pretty annoying, especially for regular sellers like myself.  When you are able to order a new kit you have two choices (if you want to make money, there’s a third choice we will talk about later if you don’t want to make money).

Choice 1:  A FREE Standard Bag

If you chose this option, ThredUP will mail you a huge, pretty, polka dot heavy weight envelope.  You’ll fill it with all the things you want to sell and return it back to ThredUP (the shipping is already paid for and the label is already on, you just take it to the post office or arrange a free pickup from your postal carrier – easy peasey).

This option is a great choice for those that don’t need to make a quick penny.  It’ll take a long time for ThredUP to process your bag once it arrives in California filled with the items you want to sell.

The ThredUP website says it takes about 7 weeks to process, but I’ve had my bags take up to three months to process.  Once the bag is processed, you’ll be paid for your accepted items and NO FEE will be deducted for your earnings.

Choice 2:  A $16 Expedited Bag

If you chose this option, ThredUP will mail you a huge, pretty, polka dot heavy weight envelope.  You’ll fill it with all the things you want to sell and return it back to ThredUP.

This option is a great choice for those that want to make money faster than the free standard bag option.  It’ll only take a week or so for  ThredUP to process your bag once it arrives in California filled with the items you want to sell.

This is a HUGE time difference than the first option.  Once the bag is processed, you will be paid for your accepted items and a fee of about $16 will be deducted for your earnings (ThredUP says: “Expedited fee may vary depending on demand. We will always let you know the current expedited fee at the time you order a kit.”)

Choice 3: A Free Donation Bag

The third choice makes you no money, but you’re doing a good deed. This choice – called “FREE Donation Bag” – allows you to donate all the items you return to ThredUP in your free bag to charity. You’ll receive a tax receipt via email.

Something else neat about this option is that men’s items are accepted in these free donation bags.

For any of the bag choices, if you’re curious about where your bag is in the ThredUP process, sign into your account and click on “My Selling History” in the drop down menu. Here, you can check on the status of your bag.  This is a great feature!

What Sells?

Now, just because you send something to ThredUP in your bag doesn’t mean they’ll accept it. I’m a regular seller and they take about 50% of each bag I send in.  This is actually higher than their average (40% of each bag sent in).

ThredUP has professional buyers who carefully evaluate each item the company receives and determines its quality and ThredUP’s ability to resell it.

Unaccepted items are donated to third-party sellers or textile recycling partners who turn them into things like rugs. It’s possible to get your unaccepted items sent back for a fee. If you’d like to have the unaccepted items we returned to you, select Return Assurance when you order your bag.

Here are some tips on what the ThredUP evaluators are looking for:
  • Obviously, clothing and items that fit into one of the categories mentioned above.
  • Items in excellent condition. Items with stains, holes, pilling, or signs of wear won’t be accepted.
  • Clothing, shoes, etc. should be on-trend (ex. “in style,” fashionable, hip, hot).
  • Over 35,000 brands are accepted by ThredUP (there is no list of unaccepted brands). Within those 35,000 brands, here are few they note as favorites:   Baby Gap, Crewcuts,
H&M, Lilly Pulitzer, rue21, Vera Bradley, White House Black Market, and Zara.
  • Don’t send unaccepted items! It costs ThredUP money to deal with disposing these items and is not cool. Unaccepted items are: Non-clothing items (toys, books, sports gear, etc.), kids clothing without a brand (women’s ok to send without brand), sleepwear, undergarments/slips, slippers, used tights (new tights are OK), pajamas, robes, prom dresses, bridesmaids dresses, wedding dresses, men’s clothing, items obtained illegally (or containing sensors), homemade or altered items, counterfeit items or accessories, local or niche clothing, clothing with graphics or reference to hometown teams and places that do not have a broad national audience, items that contain language or content that is deemed inappropriate for a family-friendly audience, fanny packs, tablet and phone cases, real fur, toe rings, hair accessories, items without sizes, maternity bands and work uniforms.

How Much Does ThredUP pay?

Is it worth it to sell on ThredUP as opposed to other websites?  Let’s look at this example to answer:  If you have a pair of Lululemon Athletica casual pants to sell, ThredUP will pay you about $7 if they accept them.  If you sell them on eBay or Poshmark, you’ll probably make closer to $25 – $30.  However, there’s a lot more work involved using those sites.

The beauty of ThredUP is that the company has made it very easy for you to sell your used clothes with very little effort and, possibly, no money on your part.  So, if you value your time and energy like currency, the lower payout for your items on ThredUP may be worth it to you.

Definitely take a look and play around with Payout Estimator on ThredUP before you send your first bag in. If the payout makes you squirm because it’s too low, this is not the right online marketplace for you to sell your used GAP cardigan (estimated payout to you 65 cents).

How Do I Get My Money?

You’re paid in one or two ways on ThredUP:  upfront or consignment. You don’t get to choose, ThredUP does and it could be different for each item (not bag).

If they choose upfront, you’ll receive a payout as soon as these items are processed. You have a better chance of upfront payment if the item is on-trend, in-season, in great condition and likely to sell quickly.

If your item is chosen for consignment, you’ll be paid for it upon sale. This can take a while. The amount you’re paid depends on the original price, brand, and category of each item.

Consignment items are typically in great condition, but unique and not necessarily in-season or on-trend at the moment. Consignment items are listed for 84 days. They can be reclaimed 7 days after they’re first listed, up until 14 days after their listing window ends.

To actually *get* your money once it’s deposited into your ThredUP account, you can transfer the cash to PayPal, get a Visa® Prepaid Card or use your balance as store credit for your own purchases. You also have the option of donating it to charity.  The Visa® Prepaid Card will be mailed to your home address.

There is a 14-day delay in place for when you can cash your money out via PayPal or a ThredUP Visa Prepaid Card.

Another Way To Make Money on ThredUP

Currently ThredUP has a great incentive where friends you refer to the site get $10 to spend and you get $10 to shop after they place their first order on ThredUP. You can invite friends (via email or Facebook) on their invite page.

Wrapping It Up

We hope you have found this introduction to ThredUP helpful and easy to understand. If it has peaked your interest in the site, sign up and give it a try. You really have nothing to lose and your bank account and/or closet just might grow in the process.

We hope you enjoyed our full ThredUP review. If you have anything you’d like to add, please let us know in the comments below. Thanks for reading and happy frugaling!

References

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About the Author: Tung Chi