They were accepted and then instantly cancelled. Please note: Shipping for Hawaii, Alaska, APO/FPO/DPO, Puerto Rico, US Virgin Islands, and Guam take up to six weeks in . And it was impossible to see this in any pictures by the way. What does thredUP do with unaccepted clothes? Promotions and discounts will not be reimbursed You never know the bad policies of a site until something goes wrong. Heres the full stack of clothes designated for thredUP. ThredUp takes care of the photos, the selling, and the shipping. i would like to talk to the customer service representative, Read full review of thredUP and 1 comment, I would like to be able to use the store credit or have the money returned to my account. Hi Indulekha Theres only one way that the company can legitimately afford to knock 40% off their listed prices on a regular basis: bypurchasing their merchandise at a very low rate. Using their clean-out service means that you will be given a kit by ThredUp where you can fill it with gently used items that you do not need or use. To use the service, I ordered a Clean-Out kit from the site, picked it up from my mailbox, filled it with clothes, and scheduled a USPS pickup at USPS.com online. On top of the fact that thredUPis a business and needs turn a profit somehow, theres another major factor that will impede your ability to make bank on the clothes you send their way: discounts. It is minimal to the extreme. See insights on thredUP including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. I would like to be able to use the store credit or have the money returned to my account. But it is your responsibility to verify the information. I guess pricing depends on the individual sorting through the bag? I sent emails and was told I would have to wait 7-10 days for a response. It also wouldnt hurt for you to consider listing your gently used clothing on Poshmark or Ebay. Which means that they take unused clothes, and sell them for a profit. S-corporations and C-corporations do not need 1099s. You also may have to pay taxes on canceled debt, even if you fail to receive a 1099-C. What to do with it. She would have bought these from me, but she already has them. https://www.michelle-tyler.com/wp-content/uploads/2019/01/VID_23280413_191610_685.mp4, HOW TO RESTYLE YOUR SEQUINS AFTER NEW YEARS EVE. thredUP handbags, which are known for their high quality, are considered as non-returnable. If your total payments are less than $600 for the year, no 1099 is required. I added up the value of the five garments that had sold and thredUP earned $99.95 for those items (with one dress yet to sell). [protected]; [protected]@aol.com Return # 5043206 thredUPencourages everyone with a Clean Out Kit to send timely and seasonal clothes their way. You then choose whether to pass on your unsold items to charity or have them returned to you for a small postage charge. I created the Blog to inspire women to invest time in their personal style. Sellers send clothes directly to thredUP by the bagful, and buyers shop quality-checked items from over 35,000 brands at steep discounts. DON'T SELL ON THREDUP IF YOU WANT TO MAKE MONEY The clue is in the title. Is this your company? Desired outcome: Seriously, worse than selling used books, and these . The site is clear about which items appear like-new and which may have minor fading, piling, or other slight imperfections. thredUP keeps track of all incoming clothing to sell through their $10Clean Out Kits. My acct was w/CHASE bank, I disputed one item but the bank returned all of the money for that order to my acct. How hilarious is that? The penalty amount depends on how long past the deadline the business issues the form. Items were considered off-trend I never received any emails from them as they stated they sent emails letting me know my money was being converted. Sign up for our newsletter to get the latest on the culture & business of sustainability delivered weekly to your inbox. When a company hires an employee, it files a W-2 with the IRS and shows. Separate Shipping. When you pay a corporation, you are not required to send it a 1099. Depending on what your local upcycling options are, you may earn more by bringing relatively high-end items to a Buffalo Exchange. You can purchase syndication rights to this story here. Form 1099 indicates that you are self-employed / independent contractor. Items were unclean or stained I know, bear with me Heres how it works step by step. I want the remainder of my items back that they have- they even charged me 9.95 to send stuff back but will not answer emails or return items - no disclosures no phone number, ThredUp terminated my account out of the blue for an order that I disputed in a prior bank account. I reckon they could be reselling elsewhere and I cannot believe that your AB dress was rejected????? I want my items returned or paid the equivalent of what I lost because of their inability to handle incoming merchandise. I actually had these photos taken last July while we were still living in the condo because I wanted to feature thredUPas a unique website that helps you earn a little unexpected cash (the thought of which greatly appealed to my personal finances). If you, as an individual, are paying for non-business services or goods, you do not have to issue a 1099. Which I received, however, although they are stamped on the bottom of the shoe as a Size 5 and it was listed as 5 in your on-line and on the bottom of the shoe. We highlight products and services you might find interesting. All returns must be postmarked within 14 days from the date of delivery of an item. As I mentioned earlier, I emailed them questions. Fill your bag with your carefully selected items. Required fields are marked *. 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. Banks and other financial institutions report dividends and other distributions to their clients on Form 1099-DIV. Well, I assume. ThredUP does a great job of sorting through items received from sellers to only resell those items in good or great condition. Or just give the clothes to colleagues, friends, neighbours. i would like to talk to the customer service representative. If you use a barter network, you should receive one from them, also. Also, corporations (S Corps and C corps) don't require a 1099. Kind regards, If thredUPopts to sell your item, you get a cut of the sale. The best thing about selling on ThredUp is also the worst thing about ThredUp. Since items can be significantly higher on thredup due to the very low payouts for sellers it actually has everything to do with your question. Return Processed by Thred up May 31, 2022. They were able to track the order but there is no refund or return record.. In my experience, it can sometimes take even longer. Click here to get notifications about new complaints of thredUP. The only outcome I would want is full refund in it's entirety. Shop the ThredUp Black Friday and Cyber Monday sales. Here is another idea for you Michelle why dont you organize a clothes swap in your neighbourhood? That sucks big time Marie! I would like my money back. This complaint was posted by a verified customer. They paid me $37.40 (less than half of the money they earned) and they donated three of my items that were not high-quality enough to sell online. Items had no sizing information Theres one more thing you need to be aware of before you attempt to sell your clothes on thredUP. While I dont doubt they donate to charity, it does seem rather suspect that they wont define the charity or at least whom it benefits. Theres no doubt Ebay is still hands down the best for making a profit but you have to do all the hard work which is no good for the time poor. If you plan to send your clothes to thredUP, my best advice is to send the clothes at the very beginning of the appropriate season (right when they start to appear in stores). There are 20 variants of 1099s, but the most popular is the 1099-NEC. When a lender cancels your debt, you no longer owe any money to the lender. According to the thredUP website, it takes 1-3 weeks for your Clean Out bag to be processed and have your items listed online. But they take well over ten days to respond to my queries and complaints such as Why have you cancelled my orders and now they are blaming ME for it tho they know I never cancelled the orders, and I explained that I only disputed about $12 on the order with my old Chase account. Desired outcome: 40%. Please note that we are unable to create prepaid labels for Alaska, Hawaii, Puerto Rico. When the business reports other income, such as rents, royalties, prizes, or awards paid to third parties, it uses Form 1099-MISC. -Only available for orders with items from multiple warehouses. In late 2021, ThredUP discontinued its Goody Boxes. Thank you for following up with us. ThredUP currently ships to the United States and Canada, with no current plans to expand to additional countries at this time. I mailed a bag filled with many items including brand new clothes with tags still on them. When I contacted support, after MUCH searching and run around to do so, I was told "I see that your return was refunded as thredUP credits because whoever created the return, selected thredUP credits as the preferred refund method." Your return has been processed. The items that didnt pass ThredUps rigorous inspection would be donated to charity. Hi, So after all of that information, the question remains whether or not thredUPis the best way to get the most value out of your old clothes, shoes and accessories. You can send in women's, men's, and kids' items. While I was able to work with the Thred Up customer service to stop the sale and shipment of goods, I was NEVER refunded the money. "I blew it; I made too much money," she said. xx, Its so weird isnt it? "Hi Chanel, Those are offered at a cheaper price per pound because you buy more at once. Only customers shipping to the 48 contiguous US states will have access to the pre-paid, pre-addressed shipping return label. Desired outcome: The first year she used Mercari, Heltke didn't know that, and she received a 1099 on which she owed taxes. Seeing as that's not what they do, never shopping with them again hurts them more than me. Best Overall: ThredUP. And there are three different deadlines for each form, namely the. Uber files the necessary information returns to the IRS. I am out a measly $20, but for me it's the principle. Although the skeptic in me has to wonder, if you know what I mean? I really dont want to believe anything underhand is going on but its seriously odd how they determine whats worth selling. Filing Form 1099-K. If youre like me and find yourself with a surplus of clothes from Stitch Fix that no longer suit your style, I highly recommend selling those items yourself in the Stitch Fix B/S/T Facebook groupthat has 50,000 members and is completely devoted to the buying, selling, and trading of Stitch Fix clothes. x, Julie | thismainlinelife.com, Yep Ebay is better for making money theres no doubt about it , Dang! A complete refund and no more run around! Here are a few lessonsIve learned from my own experience selling my clothes on thredUP. You can check out my Poshmark closet to see what Ive sold and the price Ive received for each item. FedEx cant get in touch with ThreadUp to confirm the order either. You do not need to issue a 1099-NEC or 1099-MISC for credit card payments as listed below. When you hire a freelancer through a third-party service, you are not required to send a 1099. The key is that these must be personal payments and not business payments. ComplaintsBoard.com is a leading complaint resolution website on the Internet. We are so glad you stopped by. I bet they dont give to charity, perhaps they sell these pieces on, just not on their site? When I finally got one well after 10 days, then another, they were rather generic, none explained why my new orders were cancelled. When it's famed polkadot bag arrives on your doorstep, you simply have to fill it with your unused clothes and send it back to thredUP for free. Lisa Katz They probably will tell you they don't accept them and you won't get anything or if they do accept them you will get a few dollars. Although its fair to say if this is the grand sum I make from my huge bag of clothes then its more for charity than profit. If, like me you tend to give away most of your unwanted clothes then this is a nice little gift for doing so. What I dont like about ThredUp is the incredibly poor customer service. A large plastic bag with the return address already on it will arrive in your post within a couple of weeks. It was never delivered nor did a FedEx truck come to the house.. We have cameras. Consumers satisfied with thredUP most frequently mention great condition, good quality and polka dot.thredUP ranks 3rd among Used Clothing sites. I returned merchandise, it was in bad shape, thredup is stealing clothing & money from consumers, My bag of clothes, purses and shoes Bag#: B2BAC-KG637, 16 years' experience in successful complaint resolution, Each complaint is handled individually by highly qualified experts, Last but not least, all our services are absolutely free. Shipping 610. I need to up date my email @phone number I have been lock out, I want the remainder of my items back that they have- they even charged me 9.95 to send stuff back but will not answer emails or return items - no disclosures no phone number. thredUP store credits will be refunded back to your account 5-7 days after thredUP has received your return order, while credit card refunds can take an additional 3-5 business days to be refunded. Merchandise Return # 4516062 Go to ThredUp and click CLEAN OUT in the top menu bar. However, you must issue a 1099-NEC or 1099-MISC if you pay your contractor or freelancer with cash or by check. Learn about thredUP , including insurance benefits, retirement benefits, and vacation policy. Since there are many different types of payments, the IRS has various 1099 forms. We frequently receive products free of charge from manufacturers to test. Even worse, your clothes will not automatically be returned to you if ThredUP does not accept them. MANY of you have asked what I'm sending in to ThredUP - here it is! If you use a barter network, you should receive one from them, also. But, the IRS counts that amount as income to you, and the lender will send you a, When corporations undergo substantial change or ownership control, sometimes, they send the stockholders cash, stock, or other property as part of the restructuring. Your return is complete and your refund of $67.53 has been processed. General. Crew & Ann Taylor LOFT, and send it back. I purchased this box on July 5th. This experience makes me distrust Thred up with what they do with your clothes. A clothes swap is a terrific idea too! That's the name of the actual box on the 1099 form where you will officially fill in the amount you are claiming. Please try again. Buying secondhand clothes and shoes is a brilliant way to keep your fashion sustainable and reduce your carbon footprint. Im also going to address the elephant in the room and point out that I am most definitely not pregnant in these photos. Sign up for Insider Reviews' weekly newsletter for more buying advice and great deals, A handful of companies will actually reward you for getting rid of stuff you no longer use, learn more here about selling luxury items, scheduled a USPS pickup at USPS.com online, for luxury items which fetch as much as 80% commission of the sale, Order a thredUPClean-Out bag online to donate clothes now. [protected]@verizon.net. Often they must spend their money on your behalf while doing work for you. Relax! However, the IRS does require backup withholding for some types of payments at the current rate of 24%. Im sure I wouldve gotten more by just throwing everything in the trash. For me this often includes clothes Ive purchased from Stitch Fix, items that still have a tag, or popular brands like Kate Spade, J Crew, Gap, or Kendra Scott. Here is why. So angry that I am being treated this way, after being a long-time seller and shopper with thredup. And you could get your unlisted items back from thredUP, but that service costs an additional $11 and you have to pay it when you order your CleanOutKit, which makes the added cost even more of a gamble. I second your complaint, I would like to talk with a customer service person. determining whether someone is an employee or an independent contractor. #B2Q4W-GGE79 could not be accepted by our processors. As mentioned, thredUP only accepts around 40% of the clothing received in its clean up kits. As you can probably guess I posted some Instagram Stories before I sent my bag to ThredUp. (See attached photo) Like many clothing retailers, ThredUp saves some of its biggest deals of the year for Thanksgiving weekend (Black Friday to Cyber Monday). When a 1099 form does not match a W-2 filed by the IRS, the IRS uses it to track payments. Now check your email to confirm your subscription. 1099s are information returns, and often the person or company filing them does not withhold taxes from these types of payments. Weird. This post contains affiliate links. I emailed them asking for specific reasons why they werent good enough to sell. I smell a giant rat. Chanel Silva A builder is generally considered to be a contractor, and payments to contractors are not reportable on a 1099 (with a few exceptions). Grab a coffee and stay a while. I have had success selling tops and dresses for about $20 each (sometimes more, sometimes less) and have loved how easy Poshmark makes it to ship any items I have sold. But what if you do handyman work for your neighbors business, Main Street Realty, LLC, and the business pays you $5,000? You can find them in the tax documents section of your Robinhood account. It seems INSANE that that much clothing got you so little money. freelancer or independent contractor less than a total of $600 for the year, you are not required to send them a 1099. Unemployment compensation is taxable income and must be reported each year even if you have repaid some or all of the benefits received. thredUP's Return Policy Final sale items are not returnabl Nope. I hope this clarifies it. You might sell stocks at a profit, earn interest from an account, get dividends from a company, receive distributions from a retirement account, and more. A 1099-NEC lists how much money an independent contractor earned so they can pay taxes on that income. But it's easier to remember what it's for if you use the other name it's often known by"non-employee compensation.". If you search around and shop total price you can probably find some really good prices even with the $7 shipping factored in compared to thredup Flaky-Somewhere1 2 yr. ago Basically, you send ThredUP your gently used, brand-name clothes. For instance I filled my bag with clothes Ive worn so much I was simply bored of them. xxx, I am with you Lisa. My Hunter boots were not even listed, they were stolen the minute they arrived. I will never send in another kit and have alerted friends and family to do the same. Obviously the reasonit took so long for me to publish this post is because of the ridiculous amount of time it took ThredUp to do their thing. Desired outcome: When the business reports other income, such as rents, royalties, prizes, or awards paid to third parties, it uses, If you are self-employed and provide services of at least $600 to a business during the year, you should receive. I want a a refund or my shoes! So if you are paying your babysitter, gardener, or painter, you do not have to file a 1099. Now Im out $230+. Verify or enter missing email addresses for your contractors so that we can send access to view their 1099 forms online. My fabulous Antik Batik boho maxi dress is bang on trend with not a single sequins missing! Consider the wellbeing of who made our clothes & say no to fast fashion. For me, since my focus is largely on low-maintenance recycling, earning a few bucks here or there is just a bonus. So as you are sorting through your clothes, youll want to make sure they are seasonally appropriate. Which means that they have to make a profit from the $50 blouse you send their way and the only way to do that is by offering you less money for your blouse than its actually worth so that they can resell it at a higher price, pay their bills, and earna few bucks for themselves. My Clean Out experience wasnt quite what I expected, so I sat on these photos for a very long time while I considered how best to share this information with you. I bet they keep the good stuff for themselves of sell them on. to report gains or losses from your transactions in the preceding year. I usually get about $40 a box and I then treat myself to something special like a nbtand name jacket or dress. The Goody Boxes had the advantage of delivering free shipping and a bundle of clothes to kickstart a capsule or seasonal wardrobe. O.K so they do all the heavy lifting. Can an employer get in trouble for not sending a 1099? Please DO NOT add attachments that contain your or other peoples personal information, if you dont want it to be visible to the public.