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Funds converted to gift card without my knowledge. Their follow-up on clean out bags is terrible. They were worn twice so replacement value would be exactly what I paid for them. I bet they keep the good stuff for themselves of sell them on. I feel they grew too large to handle the amount of clothes coming in and their customer service definitely got worse. Your orders were canceled because you filed a dispute on order 6K1UFSTEV3EZ, which goes against our Terms of Use. Its a pittance to be precise. Return # 5043206 What you can do if your thredUP coupon code does not work. Somehow, my bag slipped through the cracks even though thredUP had a record of it arriving August 12. If you want to get in touch, please send an email to mleighton@insider.com, or send a DM on twitter to @maraleighton. For example, when you hire a writer through UpWork or an artist through Fiverr, you pay the service, and the service pays the freelancer. Orders shipped within the 48 contiguous United States: They are the self-proclaimed largest fashion resale marketplace with over 35,000 brands. Final sale items are not returnabl 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. Learn about thredUP , including insurance benefits, retirement benefits, and vacation policy. Now as to WHO the beneficiary is of my charity, I cant tell so for that reason I wontsell on ThredUp again. Like many clothing retailers, ThredUp saves some of its biggest deals of the year for Thanksgiving weekend (Black Friday to Cyber Monday). My comment didnt come through. They should be investigated for cheating so many people out of their money. The Donation Clean-Out Kit is what it sounds like. You then choose whether to pass on your unsold items to charity or have them returned to you for a small postage charge. Now Im out $230+. It was never delivered nor did a FedEx truck come to the house.. We have cameras. 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. 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. A 1099 is an "information filing form," used to report non-salary income to the IRS for federal tax purposes. A 1099 for independent contractors has no employee benefits or employer contributions. [protected]@verizon.net. thredUP keeps track of all incoming clothing to sell through their $10 Clean Out Kits. I will say that thredUP is pretty transparent about the status of the clothes they keep and list online. I never received any emails from them as they stated they sent emails letting me know my money was being converted. It was only 30 days past the year so I asked them to convert back and they said it's not possible. Your return has been processed. 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. I saw 2 items posted. There are 20 variants of 1099s, but the most popular is the 1099-NEC. The only outcome I would want is full refund in it's entirety. 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. Did you rake in the cash or walk away from the experience feeling completely deflated? Unlike other apps like OfferUp and Facebook Marketplace, there's no heavy lifting on your part with thredUP. Desired outcome: Customer Support" 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. This is the third time I've had this happen too.They just ignore your emails too easily. So frustrating! I want to complain about this company and their poor judgment of selling stuff in bad condition and the smelled nasty. Im going to report them to BBB. Return Processed by Thred up May 31, 2022. If you have more than just clothes that you are looking to clear out or you want a more complete list of options to turn your gently used items into cash, this blog post about the money hiding in your closet may be just for you! Compare. This experience makes me distrust Thred up with what they do with your clothes. Thank you for following up with us. 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. I've given this site three chances to prove themselves, but I've come to the conclusion they're just a money laundering site at the customers' expense. 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? I finally decided it was best to just lay all the information out there and let you decide for yourself whether or not thredUP is the best route for your gently used clothes. Push Continue. 2. 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. The IRS penalty for failing to issue a 1099 is now $250 per form. Payors of 1099s need to know when they are required to file a 1099 and when they are not. And no you cant add your own description like Ebay or Vestiaire Collective. 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. 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! In general, ThredUp collects a higher commission on lower-priced items than it does on more premium items. According to the thredUP website, it takes 1-3 weeks for your Clean Out bag to be processed and have your items listed online. FedEx cant get in touch with ThreadUp to confirm the order either. They are VERY rude and dismissive when you try to ask about anything. Verify or enter missing email addresses for your contractors so that we can send access to view their 1099 forms online. We highlight products and services you might find interesting. I found this experience to be stress-producing, not reducing The cool, trendy & good quality denim shorts pictured under the thredUP bag . [protected]; [protected]@aol.com The first year she used Mercari, Heltke didn't know that, and she received a 1099 on which she owed taxes. to report gains or losses from your transactions in the preceding year. I would like my money sent via the paypal I have set up through their website. The remaining 60% is dealt with in . I have contacted customer service and no one has been able to help me, or locate the bag, and my request for the issue to be escalated to a supervisor hasn't received a response. Id stick with Ebay for anything I sell in the future; Ive never gone wrong with them. 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. Now can't get a response at all. However, THEY ARE Like most of the complaints before me , I also never received a refund for a dress I purchased. I wouldnt recommend it Anne. Then, since I sent in some relatively high-end items using the Standard option, I waited to see if ThredUp would list or responsibly recycle them (I chose not to have them sent back if they weren't sold). Benefits information above is provided anonymously by current and former thredUP employees, and may include a summary provided by the employer. But it's easier to remember what it's for if you use the other name it's often known by"non-employee compensation.". Although the fact they do makes buying from them a completely different experience. Sellers send clothes directly to thredUP by the bagful, and buyers shop quality-checked items from over 35,000 brands at steep discounts. A 1099-NEC lists how much money an independent contractor earned so they can pay taxes on that income. For a failure to issue a 1099-NEC or 1099-MISC, the IRS penalty varies from $50 to $270 per form. You must issue a 1099 when you pay a vendor more than $600 for the year. Items were unclean or stained Saw your post on #iwillwearwhatilike Filed Under: Money Tagged With: clothes, money. Currently, there is no expiration date. There are businesses that don't require a 1099. One new rule in 2022 is that companies like Zelle and Venmo will send you a 1099-K if you receive more than $600 through the platform for the year. These updated FAQs were released to the public in Fact Sheet 2022-41 PDF, December 28, 2022. reports information to the IRS when companies pay dividends or interest. The thredUP app puts a thrift store in your pocket by letting you sell women's and children's clothing and accessories to declutter your space while making money all without much effort. When the business reports other income, such as rents, royalties, prizes, or awards paid to third parties, it uses Form 1099-MISC. Coinbase began submitting 1099 forms to the IRS and to individuals users in 2017. Good luck! The Goody Boxes had the advantage of delivering free shipping and a bundle of clothes to kickstart a capsule or seasonal wardrobe. In general, you do not issue a 1099 to a builder. For instance, if your item's selling price is from $5 to $19.99, your payout would be 5% to 15%, if it's within $20 to $49.99, the payout would be 15% to 30%, and the list goes on. Form 1099-MISC and Form 1099-NEC are similar but have one main difference. Desired outcome: One month later, on September 12, the bag still wasnt processed and I was made awarethat it could take an additional 3-4 weeks for my bag to be processed because they were backlogged at the time. Shipping 610. As one of the most popular online consignment shops . And its funny they don't accept some items that are new while they send me stuff that has been torn or cut with sizors. Items matched an overstocked category. The only option for the men's clothing box was 10 lb at $50. ..wait for itlets have a drum roll please.. To clarify Everything I included in my bag was either a popular brand, high-end high street like Whistles or low-end designer like Antik Batik. Oh well lesson learned I guess? But, the IRS counts that amount as income to you, and the lender will send you a Form 1099-C with the amount of debt cancelation. So what to do? Helpful (1) Vicki B. on 9/26/15. When eligible items sell, cash out or get shopping credit. We operate independently from our advertising sales team. 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. 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. In the past, ThredUp has given discounts of as high as 55% off. Not even $10 worth. Grab a coffee and stay a while. 2.) When I asked them to provide me the email they sent - they went quiet. Five items were sold on consignment ($24.95), and the remaining eight were purchased outright ($9.99) for a total of $34.94. You also don't have to deal with the legwork that platforms such as Poshmark and eBay require. I have been stashing away some of my better brand, lightly worn clothing for resale and was considering ThreadUp. The stuff they rejected. Although the skeptic in me has to wonder, if you know what I mean? Well, its basically an online consignment shop. Filing Form 1099-K. If you paid an independent contractor more than $600 in a financial year, you'll need to complete a 1099-NEC. I resold all of my Stitch Fix clothes on my sale Instagram account: @MariaSellsThings, pulled a stack of non-Stitch Fix clothes that were in top-notch condition to sell on thredUPand donated the rest to the Salvation Army (you can see photos of what we donated in this blog post. I really just want to know out of curiosity and for this post but I never received a reply. $10. One shirt had scrapes another had outright tares. If you plan to use a vendor and pay them more than $600 in the year, the best business practice is to have them fill out a W-9 before doing any business with them. Yes. Source: thredUp. It is too long by 1/2 inch at least. I reckon they could be reselling elsewhere and I cannot believe that your AB dress was rejected????? They were able to track the order but there is no refund or return record.. I sent emails and was told I would have to wait 7-10 days for a response. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. No it aint quick. A two-way e-commerce for smart and sustainable shopping. YES cut as in by a person. In any case if you know your stuff and do your research, you shouldnt get ripped off. Someone is making something somewhere. DO NOT SELL TO THREDUP. Our first baby is due to arrive in July and our 950 square foot house has very limited closet space, which means that all of the things weve been tucking into the extra bedroom need to find a new home. Total scam. Never the less wherever this beautiful maxi is hanging now I have no doubt someone is loving it. However, you can choose to pay $10.99 for a return if you want the unsold items back. ThredUp takes care of the rest Get free shipping on orders $79+ using the promo code on our. Verrrrry interesting. Email us at reviews@businessinsider.com. As I mentioned earlier, I emailed them questions. A large plastic bag with the return address already on it will arrive in your post within a couple of weeks. So angry that I am being treated this way, after being a long-time seller and shopper with thredup. Crypto.com may be required to issue to you a Form 1099-MISC, Miscellaneous Income, if you are a U.S. person who has earned USD $600 or more in rewards from Crypto.com during the previous calendar year from Staking, Earn, Referrals, or certain other activities. They refer to their earnings as nominal but thats kind of a vague word, dont you think? If youre like me and find yourself with more clothes in your closet and dresser than you actually need, you might be looking to cash in some of those higher-value items and thredUPmight be one way to go. Your return is complete and your refund of $67.53 has been processed. DROWNING NOT WAVING IN SINGLE-USE PLASTIC, CRADLE TO CRADLE DESIGN MATTERS TO THE CIRCULAR ECONOMY. I have no gift card and cannot get them to answer where that gift card is. I have used ThredUp for several years and had good experiences when they first got up and running. We frequently receive products free of charge from manufacturers to test. Often they must spend their money on your behalf while doing work for you. WAIT FOR AN INCREDIBLY LONG TIME.It took ThredUp two months to process my bag. Well, I assume. They do all the heavy lifting by listing photographing, marketing, and handled the commerce of your items. That sucks big time Marie! Then the company must file Form 1099-NEC with the IRS since your payment is above the IRS $600 threshold. Boxes aren't needed. Items had no sizing information Claim it and get a lot of features. But you still need to report the income on your self-employed tax return. In that case, you must determine if they are employees or independent contractors. These boots were worn only twice and were in pristine condition. Interesting that most of the bags that are missing are the very ones that had new items in them or really expensive items. 2. Funny how I can receive an email asking for my feedback on how a customer service rep assisted me when I never received any contact from anyone to address my issues. Desired outcome: How much does the men's rescue box cost? You actually have to pay the site to accept your clothes. Employers can be subject to an IRS fine of $50 or higher for failure to give you a 1099. They were accepted and then instantly cancelled. Which means that they take unused clothes, and sell them for a profit. Have you tried to sell clothes onThredUP? Despite these occasional fuck ups on pricing, overall ThredUp is a bargain hunters dream. Suppose you are in business for yourself and provide services to other companies or people. You never know the bad policies of a site until something goes wrong. I purchased a pair of slides made in China and they were described as "44-45=12US women". Ive found some extraordinary bargains like these Escada baby cord velvet flares below. 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 A. Form 1099-INT reports information to the IRS when companies pay dividends or interest. Merchandise Return # 4516062 Each garment in the list is linked so you can track its sale on the site. To qualify for a refund, all items must be in the same condition in which you received them When you reimburse them for those expenses, it is not income, and you are not required to file a 1099. Send us your stuff Place the shipping label on the box or bag and drop it off with FedEx or USPS. -Packages may be delivered by USPS. Quality 575. I would list them on ebay or Poshmark before I'd send them to thredUP. You can check out my Poshmark closet to see what Ive sold and the price Ive received for each item. To be required to issue a 1099, the purpose of the payment must be for business or trade. To keep this short, Thredup Inc at www.thredup.com is basically one the largest online resale platforms for women's and kids apparel, shoes, and accessories. As a Coinbase.com customer, you'll receive a 1099 form if you pay US taxes and earn crypto income over $600. Youll get no argument from me about the virtues of shopping on ThredUp. Depending on what your local upcycling options are, you may earn more by bringing relatively high-end items to a Buffalo Exchange. Inbox Weird. According to the company, item payouts range from 5% to 80% of the listing price, and higher-end brands get you a higher percentage of the payout. It's sort of like Poshmark or eBay except you can send all of it off at once, and they take care of the actual selling: inspecting them, professionally photographing them, listing them, and shipping them. How do I resolve this other than to turn to you? It also reports your employer contributions to things like the Social Security tax. Reporting. And one pair of pants had a cut at the bottom of the leg. For example, Give Back Box will email you a free shipping label to slap on any box you have in the house to send your donations to charities for free.