|My Bag to thredUP!|
- Your Work: thredUP is less work than Poshmark, period. You send them your items, and they photograph, create listings, and sell. You get paid upfront or on consignment.
- The Payout: Poshmark earns you more, but requires your effort. Because you can set your own prices with Poshmark, and they only take 20% of the total sale price, you have more control over earnings. With thredUP, they give you up to 80% (but usually 10-40% it seems) of what they feel it will sell for. Please use their calculator to give you realistic expectations.
- Bottom Line: If you want more control over what you earn, and you are willing to do the work, use Poshmark to sell. If you want convenience and the payout matters less, (i.e. you just want it out of your closet) use thredUP.
- Quality of Items: I have only kept and used ONE of the six items I have purchased on Poshmark. I felt disappointed in the quality of items I received, and there were never true guarantees of the authenticity of items. thredUP feels like less risk, because they disclose flaws and do not accept any knock-offs. But there is less selection on thredUP; it's more carefully curated, if you want to look at it that way.
- Price You Pay: thredUP has some great deals, but with Poshmark you have the opportunity to negotiate with sellers, and even bundle items for a discount. There also aren't wholesalers trying to turn profits on thredUP; it's just one seller vs. a bunch. It's a toss-up to me.
- Bottom Line: thredUP seems more shopper-friendly, because the photo quality of items is excellent, flaws are disclosed, and it's guaranteed to be an authentic item in good shape.
UPDATE 12/3/14: I sent another bag to thredUP, and I've decided it will be my last. I sent 8 brand-name tops and 1 pair of shoes that yielded only $22 (that's less than $3/item) and a dress they have on consignment for a MAX payout of under $12. I just don't see the point in waiting for weeks to hear back from them with a payout, on top of not getting what I could probably make selling on my own via Poshmark.
Have you used thredUP? How do you like it?