This complaint was posted by a verified customer. To be accepted, they have to show no signs of wear (pilling, fading, shrinkage), damage, or alterations. Despite these occasional fuck ups on pricing, overall ThredUp is a bargain hunters dream. 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. A complete refund and no more run around! I reckon they could be reselling elsewhere and I cannot believe that your AB dress was rejected????? 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. They were able to track the order but there is no refund or return record.. I was wrong, the largest size these would fit is a size 10, my best friend wears a size 9.5 and they fit her perfectly will a hair of room in the back. I have tried messenger, chat, emails, nothing. Thanks to Brian from BTW Photography for the great photos in todays post. information about the income paid to the employee, the amount of taxes withheld, and the benefits provided. Get started with a free trial today! A handful of companies will actually reward you for getting rid of stuff you no longer use. ThredUp reviews 2023: Is ThredUp worth it? - Wealthysinglemommy.com Hi, Next youll receive notification of your items going live on their site. I purchased this box on July 5th. Your kit will be processed typically within one week of being received. So if you are paying your babysitter, gardener, or painter, you do not have to file a 1099. If you wish do donate your clothes without a payout, the kit is free (but FYI, you dont get a receipt for tax purposes). I want to complain about this company and their poor judgment of selling stuff in bad condition and the smelled nasty. ThredUP currently ships to the United States and Canada, with no current plans to expand to additional countries at this time. Step 1: After I registered on the thredUP website, I was mailed a nice large bag to place my gently used clothes in. I mailed a bag filled with many items including brand new clothes with tags still on them. I want my boots back or I want the replacement value reimbursed to me. I smell a giant rat. 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. Fill a bag with women's or kids' clothes from brands like Lululemon, Zara, J. If you paid an independent contractor more than $600 in a financial year, you'll need to complete a 1099-NEC. Especially for those looking to recycle clothing en masse in an urban area (particularly if you do so regularly or without access to a car), it's a great option. Copyright 2023 - Powered by Genesis Framework & Wordpress - Designed by Bellano Web Studio - Log in. I never received any emails from them as they stated they sent emails letting me know my money was being converted. I would love my refund but more I would like to see this company shut down for fraud. A two-way e-commerce for smart and sustainable shopping. Desired outcome: I saw 2 items posted. I dont know because nobody at ThredUp ever replied to my question about it. Sellers send clothes directly to thredUP by the bagful, and buyers shop quality-checked items from over 35,000 brands at steep discounts. Robinhood Crypto Taxes: Complete Guide | Koinly You can log into your account to see them and even adjust the price although only up to the estimated retail price ThredUp has set. I wrote this CS rep back explaining the problem was with the first Chase acct, that I disputed only part of the order and asked her what now - NO REPLY! Download and Submit 1099 Forms "Employer: Copy 1 & Copy C" and "Contractor: Copy B & Copy." If you locate the View forms button, you'll only get Copy A that we sent to the IRS. MANY of you have asked what I'm sending in to ThredUP - here it is! Suppose a business intentionally disregards the requirement of providing a correct payee statement. 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. Please note: Shipping for Hawaii, Alaska, APO/FPO/DPO, Puerto Rico, US Virgin Islands, and Guam take up to six weeks in . Our 1099 filing software makes it simple to create, issue, send and e-file your 1099-NEC, 1099-MISC and more. It helps me purge my clothing. 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. How Does ThredUp Make Money? The ThredUp Business Model - FourWeekMBA Many types of payments are exempt from needing a 1099, including personal payments and total payments to a vendor under $600 for the year. The contractor must be a partnership or individual. When I made a complain on their portal someone apologize and stated that I will get my money back, that was back in Share your photos and videos with others to prove the truth of your words. Yes, I did have my bank investigate and was informed that Thred Up denied any of this happening. Low value items clothes and accessories from less expensive stores (such as Kohls or Old Navy) or obscure brands that other people wont recognize. If you want a guarantee that it will be within one week, you can opt for it by agreeing to $16 being deducted from your earnings. 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. Keep in mind that I had followed all of the instructions that came in my Clean Out Kit and sent summer clothes to thredUP in August. According to their website, thredUP is the easy way to shop and sell secondhand clothes. I honestly cant speak to the shopping experience (I currently have $54.65 in unused thredUP credit that I really need to transferinto my PayPal account),but Ive learned a lot from selling my clothes on the siteand it doesnt always rake in the cash like you might expect. I bet they keep the good stuff for themselves of sell them on. Form 1099-G Tax Information | Georgia Department of Labor Even worse, your clothes will not automatically be returned to you if ThredUP does not accept them. Like many clothing retailers, ThredUp saves some of its biggest deals of the year for Thanksgiving weekend (Black Friday to Cyber Monday). According to the thredUP website, it takes 1-3 weeks for your Clean Out bag to be processed and have your items listed online. And that dread led me down the rabbit hole of fantastic services that will essentially do all the legwork for you. 1099s need to be issued to single-member LLCs, partnerships, sole proprietors, unincorporated contractors, and freelancers if you paid them more than the yearly threshhold. I have tried messenger, chat, emails, nothing. Michelle Tyler blog uses its own and third party cookies. They werent processed until sometime after September 12. So as you are sorting through your clothes, youll want to make sure they are seasonally appropriate. I can see that boots from your bag Coinbase Tax Resource Center. When the business reports other income, such as rents, royalties, prizes, or awards paid to third parties, it uses Form 1099-MISC. They are the self-proclaimed largest fashion resale marketplace with over 35,000 brands. Before you even think of shipping your clothes to thredUP, you need to come to terms with the fact that thredUP is a for-profit business. I have no gift card and cannot get them to answer where that gift card is. ORDER #XHP741U5I5K9 So, if you're a Target shopper, ThredUp won't necessarily save you money, but it could get you better brands, and the satisfaction of buying used vs. new. Your return is complete and your refund of $67.53 has been processed. Basically, you send ThredUP your gently used, brand-name clothes. Awful experience! We do not have access to detailed information, but the reasons provided were: Each garment in the list is linked so you can track its sale on the site. This also includes items that are slightly faded, stretched, or show other signs of wear. Which makes sense, because very few people will be shopping for a new winter coat in July. What Is a 1099 Form, and How Do I Fill It Out? - Bench Out of about 40 pieces only fifteen were chosen to list, the rest went to charity. Desired outcome: thredUP This site states numerous clean out bags that I've sent using their prepaid labels has never been received, and when I follow up with them, they state I should insure them, but the postal clerks tell me that that shouldn't be necessary for these type of prepaid shipping labels. You must issue a 1099 when you pay a vendor more than $600 for the year. However if you take the credit option its actually not bad at all because its a higher payment and the shopping is rather cheap. Back in August 2022 someone hacked my THRED UP account and made purchases in the amount of $1,185.00. Every year, we send a 1099-G to . Thank you for following up with us. Desired outcome: Items were considered off-trend For items priced at $50.00-$99.99, Thredup . this is very frustrating. It may be something silly like the clothing is too old. For example, imagine you are a business that hires others to help provide your services. Yes. Finito. Conscious shopping & collecting quality pieces over quantity is the most sustainable path to timeless outfits & a healthy planet. Answer to what happened to my things. She would have bought these from me, but she already has them. At the end of the day, filing for an LLC solely for tax reasons may not make sense for you the key benefit is on the legal liability front. And they must send you a copy also. An SSA-1099 is a tax form we mail each year in January to people who receive Social Security benefits. Have you tried to sell clothes onThredUP? You can send in women's, men's, and kids' items. Big Thumbs Down to thredUP Online Consignment Site Send us your stuff Place the shipping label on the box or bag and drop it off with FedEx or USPS. [protected]@verizon.net. Currently, there is no expiration date. to me Rob's a self-proclaimed nerd, Maria is a fashion-conscious stay at home mama, Dessa the super-silly big sister and baby Harvey makes us a family of four. (see attached photo) Original order # XHP741U515K9 purchase delivered May 2022 (see attached photo). I have been stashing away some of my better brand, lightly worn clothing for resale and was considering ThreadUp. I would like ThredUP to restore my account, give me my $10 credit and allow me to use my new debit card for new orders. It's not for lack of trying. The good, the bad, and the ugly from my ThredUp order Like most chores that require sweating, rolling suitcases over uneven city concrete, and occasionally pleading with God to speed up time, I started to dread the trek. If thredUPopts to sell your item, you get a cut of the sale. The other thing sorely lacking is the description of the items for sale. Finally almost six months after sending my clean out kit to ThredUp, I received my last credit of $6.23. Thank you for your excellent field work, detective! A 1099 is an "information filing form," used to report non-salary income to the IRS for federal tax purposes. For example, you are a self-employed handyman. 1. My comment didnt come through. If you hire a non-U.S. citizen and they work for you inside the US, you must file a 1099-NEC, assuming the transaction meets the other filing requirements. Learn how your comment data is processed. 60% Off - thredUP Promo Code - March 2023 - CNET Coupons -Only available for orders with items from multiple warehouses. You are required to issue a 1099 when your business makes payments of $600 or more during the tax year to an independent contractor or freelancer. The problem is that Thred up gave me Thred up store credit for the amount instead of returning it to my original payment credit card. Sometimes larger quantities are offered such as 50 lb or 100 lb boxes. However, the IRS does require backup withholding for some types of payments at the current rate of 24%. Your orders were canceled because you filed a dispute on order 6K1UFSTEV3EZ, which goes against our Terms of Use. TDUP Stock Forecast, Price & News (ThredUp) - MarketBeat Subscribe to our newsletter. I really dont want to believe anything underhand is going on but its seriously odd how they determine whats worth selling. I would like my money sent via the paypal I have set up through their website, Refund not issued to my credit card as stated in your policy, refund return amount to my the credit I used for my purchase. You can think of them as an online consignment or thrift store that allows people to buy or sell used clothes. It is too long by 1/2 inch at least. I would like to be able to use the store credit or have the money returned to my account. Also, corporations (S Corps and C corps) don't require a 1099. When I asked them to provide me the email they sent - they went quiet. Merchandise Return # 4516062 Emailed them a second one because they hadn't answered the first. Do Construction Companies Have To Send 1099 Forms To Subcontractors? Click here to get notifications about new complaints of thredUP. Final sale items are not returnabl $10. For our purposes we hit ORDER A FREE KIT. As you can see, the rules can be confusing - and sometimes far from clear cut. Good luck! As required by law, Crypto.com will also provide a copy of your Form 1099-MISC to . 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. I wouldnt recommend it Anne. ThredUp is an online consignment shop that focuses on gently used clothing and accessories for women and children. For a failure to issue a 1099-NEC or 1099-MISC, the IRS penalty varies from $50 to $270 per form. The company is shady at best. You can purchase syndication rights to this story here. Depending on what your local upcycling options are, you may earn more by bringing relatively high-end items to a Buffalo Exchange. Greetje, Oh I agree with you Greetje and I also give away to people I know. They were worn twice so replacement value would be exactly what I paid for them. Here's the final takeaway: LLCs will get 1099-MISC forms as long as they're not taxed as an S corps. Sometimes business owners can be frustrated because they do not have enough information to issue a 1099. There is no one to hold these thieves accountable or get reimbursed for the items they claim would not sell. I went to cash out and was shocked to see my balance of over 1k had disappeared. I would check at least daily if I wanted to get one of the most popular boxes. Tue, May 31, 1:18 PM I just hope a charity does get your clothes because its awfully fishy business. This has been over a week ago so I went through the process of contacting them again and was told that I had to keep waiting to hear from them. The person or company sending you the money is responsible for filing a 1099 with the IRS and sending you a copy to file with your tax return. Source: thredUp. Use the instructions in the link below and when asked if you received a 1099-B, answer NO. Plus they handle postage and packaging to the buyer including any returns that may happen. thredUPencourages everyone with a Clean Out Kit to send timely and seasonal clothes their way. You also may have to pay taxes on canceled debt, even if you fail to receive a 1099-C. What to do with it. O.K so they do all the heavy lifting. Currently, there is no expiration date. That sucks big time Marie! Payment of $600 or more in rent for office space, machines, equipment or. Which means that they take unused clothes, and sell them for a profit. However what I was NOT prepared for was the huge number of items deemed unfit to sell. 3.8 670 Reviews. There are also a few other programs that reward you for cleaning out your closet, and a few that make the process as easy as ordering a bag online, filling it up at home, and scheduling a pickup. How To Start Selling on ThredUp - the offbeat life You just never know if theres a rogue employee or two cherry-picking for themselves or what not, if you get my drift? I don't work with ThredUp on an official basis, but they do give every customer a $10 off referral link to share. Glassdoor is your resource for information about thredUP benefits and perks. Desired outcome: To curate a thoughtful & cohesive wardrobe - where their clothes, shoes & handbags transcend any occasion or season. My Best Tricks for Scoring Deals on ThredUp - Everyday Reading You Have to Pay thredUP to Process Your Clothes There's one more thing you need to be aware of before you attempt to sell your clothes on thredUP. 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." UPDATE: its been close to 2 weeks and they say they have not received them. So there you have it at long last my entire experience selling on ThredUp. If you want to ensure you get all your items back, you have to pay $10.99 for "return assurance coverage." Without this coverage, ThredUP keeps the clothing they don't plan to use, citing that it's too expensive to mail it back to you. Do LLCs Get 1099s? Everything You Need to Know | Keeper SHOP SELL FAVES Everything You Need to Know Before You Sell Your Clothes on thredUP Lo and behold when they finally processed my box after 3-4 months of waiting, the Burberry Have contacted them several times about sending my stuff back How do I report stock sales if I didn't get a 1099b? - Intuit In truth thats thepoint as well as the problem with ThredUp right there,in a nutshell. Their TDUP share price forecasts range from $2.00 to $13.00. The last box I sent in included a Burberry coat. Its beyond me how they have such a huge amount of stock! Out of the fifteen, two didnt sell so they also went to charity. My fabulous Antik Batik boho maxi dress is bang on trend with not a single sequins missing! 3. Thanks for that love xx. I mean what the hell? Value 630. Now you might wanna scroll back to see how full that bag of clothes I sent them was before I shock you with the stats. How Does thredUP Work? ThredUp takes care of the photos, the selling, and the shipping. What does thredUP do with unaccepted clothes? Which payments are exempt from having to issue a 1099. My acct was w/CHASE bank, I disputed one item but the bank returned all of the money for that order to my acct. I guess if you took out my outdated items, it would be more on target (43% accepted) with their average acceptance. 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. Compare. Banks and other financial institutions report dividends and other distributions to their clients on Form 1099-DIV. What to Send to ThredUP: Sell Your Used Clothes Online! Thanks for letting me know your comment didnt go through FT, I think theres a glitch. 30%. I think youre right to view it as a charity, although like you, I smell a bit of a rat. All items are subject to a $1.99 restocking fee The main difference between an employee and an independent contractor is that one is a payroll worker, and the other is a non-payroll worker. You can send items to sell, opt to have them recycledor rerouted back to you if they're not accepted, or have the company donate $5 per bag to a charity if you use just their Donation Kit. Whenever you have an issue with your order, we recommend reaching out to us directly and we will be happy to make it right for you and refund it if necessary. General. Your return is complete and your credit of $144.21 has been processed. Or just give the clothes to colleagues, friends, neighbours. When eligible items sell, cash out or get shopping credit. 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. I want my items returned or paid the equivalent of what I lost because of their inability to handle incoming merchandise. Coinbase began submitting 1099 forms to the IRS and to individuals users in 2017. reports information to the IRS when companies pay dividends or interest. Refund never received. Havent heard of thredUp? Have you tried selling your clothes as a bundle on Ebay? You actually have to pay the site to accept your clothes. They were worn twice so replacement value would be exactly what I paid for them. 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). This set off a red flag in our system which caused it to cancel the orders after they were placed. Fortunately, the IRS always provides the dates in, General Instructions for Certain Information Returns. Who To Send A 1099-MISC Form To? - Forbes The items on ThredUp are in excellent condition and generally priced very low although I have come across the odd item that confused the hell out of me. Then I got this email from them to 'clarify' the situation: DO NOT SELL TO THREDUP : r/FrugalFemaleFashion - reddit Often they must spend their money on your behalf while doing work for you. They paid pennies for them, did not return some of my items when I paid $10.99 to have them returned and now I find out that they gave away my Hunter rain boots when I specified I wanted them back. Payors of 1099s need to know when they are required to file a 1099 and when they are not. I sent numerous emails, and contacted my credit card company and the only reply I received was they could only give me a store credit. I know, bear with me Heres how it works step by step. The clue is in the title. And if every bag is a $5 donation rather than by pound, you could theoretically send in a few bags if your items could fit in two as easily as in one. The Salvation Army will also come pick up donation boxes if you sign up for a slot online, but be prepared to wait weeks because this option is popular. Shipping 610. Other 1099 copies are . Form 1099 indicates that you are self-employed / independent contractor. I bet they dont give to charity, perhaps they sell these pieces on, just not on their site? Send a 1099 for payments to corporations only if the payments are for medical, health care, legal or fishing activities. they closed over the holidays and I couldn't start a return--now they won't let me return my order. Never the less wherever this beautiful maxi is hanging now I have no doubt someone is loving it. ThredUP Men's Clothing Rescue Box Review - From Pennies to Plenty Maybe you have an even better tip to turn your gently used clothes into cold, hard cash. ThredUP Review: How Does the App Work And Should You Use It? - Clark Howard Then they answered the first. x, Julie | thismainlinelife.com, Yep Ebay is better for making money theres no doubt about it , Dang! Giving them away to someone you know is really nice. If you use a broker to sell stocks, bonds, or other securities, they will send you Form 1099-B to report gains or losses from your transactions in the preceding year. Fill your bag with your carefully selected items. This post contains affiliate links. We aredefinitely in tidying mode at the Gavin household especially when it comes to closets and storage space. It is important to know that Canada is limited to purchases from . ThredUP does a great job of sorting through items received from sellers to only resell those items in good or great condition. I just decided to sell to threadup for the first time. Their follow-up on clean out bags is terrible. Seeing as that's not what they do, never shopping with them again hurts them more than me. Here is why. We operate independently from our advertising sales team. I second your complaint, I would like to talk with a customer service person. When I started writing this post on July 20th, the only option for men's clothing was 25 lb at $110. Claim it and get a lot of features. I have no gift card and no money now. I sent a large box inside the bag of jewelry from my store inventory, ladies long cream white wool coat, granddaughter's two prom dresses; all in mint condition and yet they never arrived? All about payouts. How do I file a 1099 to a foreign contractor? - QuickBooks thredUP handbags, which are known for their high quality, are considered as non-returnable. For example, imagine you are a business that hires others to help provide your services. A clothes swap is a terrific idea too! I would like ThredUP to restore my account, give me my $10 credit and allow me to use my new debit card for new orders.