Daily Archives: August 29, 2014

Poshmark versus thredUP Review

Shopping

After several years of trying to sell clothes I no longer want via Poshmark I decided that I wanted to try another online service: thredUP. I figured now is the perfect time to start getting my closet ready for fall (and, let’s be honest, hopefully make some money to buy some new fall clothes pay off my credit card).

poshmark-vs-thredup

I requested a free bag from thredUP in which I placed the clothing I wanted to sell and then loaded it up with the following items:

  • 4 dresses (Gap, Maggy London, Ann Taylor)
  • 3 pairs of shoes (Steve Madden, Anne Klein, and Eric Michael)
  • 1 vest (CAbi)
  • 2 skirts (The Limited)
  • 5 tops (J. Crew Factory, The Limited, Express, C&C California, NY Collection)
  • 1 blazer (Eyelash Couture)

Total items: 16

ThredUP is different from Poshmark in that instead of you selling the items on your own using someone else’s platform, you send your items to thredUP for evaluation and immediate pay-out. For the items they accept they pay between 10 and 40% commission and in most cases you don’t have to wait for your items to sell to get your money.

However, if your items are evaluated and thredUP determines they don’t think they can re-sell them, you don’t get your items back unless you pay $12.95 up front to have them shipped back to you.

Of the 16 items I sent here’s how it broke down:

Accepted:

  • Gap Casual Dress
  • Anne Klein Heels/Pumps
  • CAbi Vest
  • The Limited Casual Skirt
  • Steve Madden Flats
  • C&C California Short Sleeve Blousethredup_bag
  • NY Collection Long Sleeve Blouse
  • Express Long Sleeve Button Down
  • Maggy London Silk Dress
  • Ann Taylor Summer Dress

Not Accepted:

  • J. Crew Factory Store Long Sleeve Button Down
  • Ann Taylor Summer Dress
  • Eric Michael Flats
  • The Limited Skirt
  • Eyelash Couture Blazer
  • The Limited Sleeveless Blousethredup_dress

The total payout for the 10 accepted items? $54.52 or an average of $5.45 per item. ThredUP shows you the list of items they’ve accepted with a link to each of them in their store so you can see what they’ve priced them at. Doing the addition myself I found that my payout is 32% of the total of what they are charging for all 10 items. So, it definitely falls into the 10-40% range.

I admit I was surprised that they also didn’t list the items they didn’t accept and why until I emailed them to ask. And even then the only information I got about why they weren’t accepted was that they were either “Un-clean/stained” or “Off-Trend Item”. The un-clean/stained one makes me curious since I take really good care of my clothes and looked over everything I sent. One of the items they marked with that was a pair of $100+ shoes that I only wore three times!

I also wasn’t a huge fan of the fact that you have to decide in advance if you want to pay the $12.95 to get your unaccepted items back. If your bag didn’t even end up being worth that much you could easily lose money on sending items to thredUP! And what do they do with the items they don’t accept? According to their FAQ: “garments that are not purchased by thredUP are distributed to various organizations and a portion of the proceeds are donated to Teach for America and other charities or partners.” And, no, you cannot claim them as donations on your own tax return. 

So, what are the main differences between Poshmark and thredUP?

ThredUp

threduplogo

 

  • Currently no cost to send items to thredUP
  • Can send both women’s and kid’s clothes
  • thredUP takes care of listing, selling, and shipping
  • No waiting for an item to sell before you get your money (for the most part)
  • Must wait 14 days to cash out
  • Have to pay $12.95 to get unaccepted items returned
  • Payout amount varies by item (mine averaged to $5.45 per item accepted or 32% of the total of what they want to sell the items for.)

Poshmark

poshmarklogo

  • Women’s clothes only (although people list kid’s clothes they’re not supposed to)
  • You control the price and you know in advance what you’ll get if it sells at that price
  • You can decide if you no longer want to sell something since it never leaves your own closet
  • Requires you to take photos, list and manage your items
  • Requires some community interaction and marketing of your items to  get them to sell quickly
  • Some items languish in your Poshmark closet without ever selling
  • Items under $15 Poshmark takes a flat $2.95 fee. Above $15 they charge 20% of the sale price
  • Poshmark provides shipping label but you’re in charge of shipping the item once it sells

So, would I use thredUP again? Honestly, I’d probably use it as a second step between going to a brick and mortar consignment or resale store. I’d take my clothes to the brick and mortar store, see what I got for them, and whatever wasn’t accepted there I’d send to thredUP since I was probably going to donate it anyway. Yes, I’d probably make more money trying to sell items on Poshmark and yes, I could keep it local and get a tax write-off (although I’ve yet to have enough donations of any kind in one year to be more than the standard deduction). But, if I’m really busy and want the convenience of putting items in the mail and getting a check thredUP is out there.

What do you do with clothes you no longer want? Have you used thredUP or Poshmark?