10 Best Online Consignment Shops of 2020

If your goal is to save more money then you’re probably looking for ways to cut your monthly budget wherever you can. Obviously, there are some monthly expenses that are non-negotiable, like rent or food. But with other areas, like clothing, it’s easy to find ways to cut your spending.

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One of the easiest ways to cut down on your monthly clothing budget is by taking advantage of online consignment shops. These stores give you access to a variety of clothes at a fraction of the cost you’d pay to buy it brand-new.

And consignment stores aren’t just a great way to save money on clothes. It’s always an excellent way for you to earn some extra cash by selling items you don’t need anymore. They are truly a win-win all around.

The 10 Best Online Consignment Shops

If you’re just getting started using consignment stores then there is no shortage of options available to you. Here are the top 10 online consignment shops you can try.

1. ThredUp

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ThredUp is a great option for anyone who wants to buy gently used clothing from brands like Lululemon, Gap, and J Crew. The site offers some of the best deals out there and you can find clothes for up to 90% off the retail price.

And the company employs a highly-trained staff to authenticate all name brand clothing and sift out any fake designer items. Items that aren’t used are donated. If you’re interested in selling items on ThredUp, you can use the payout calculator to estimate how much money you can expect to receive.

If you send the items in and find that you’re not happy with the payment ThredUp offers you, then you can request to have those items returned. But you will have to pay a small fee to do so.

2. LetGo

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LetGo is an app for buying and selling used items locally. You can buy or sell a variety of items on the site, including clothing. You’ll start by taking photos of the clothing you want to sell and upload them onto the site. From there, you can begin talking to prospective buyers.

3. Poshmark

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Poshmark is another site that is designed for anyone who wants to buy or sell designer clothing. It is a bit different from traditional consignment shops because sellers are in charge of managing their own listings.

If you’re interested in selling items on Poshmark, you’ll take the photos, upload the descriptions, and choose your own pricing. This often ends up being a better deal for sellers because they get to keep more of the proceeds.

If you’re interested in getting started with Poshmark, you can download the company’s free mobile app and create your account.

4. TheRealReal

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TheRealReal is a great option for anyone who wants to buy high-end clothing at a discount. You can find clothing, jewelry, and handbags from designers like Gucci, Chanel, Louis Vuitton, and more.

If you’re interested in being a seller, you can start by viewing the company’s designer list. From there, you can ship your items directly via UPS. Sellers get paid by direct deposit, check, or site credit.

5. Worthy

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If you’re looking to sell high-end jewelry online then Worthy is going to be your best bet. It’s an online auction site for fine jewelry and watches.

You’ll get started by having your items authenticated. You can ship your items for free via FedEx, and they’re insured for up to $100,000. From there, the company will clean, photograph, and grade the items.

Once the item has been valued, you can schedule your online auction. You can get paid via PayPal, bank transfer, or check.

6. OfferUp

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OfferUp is a great option for anyone who wants to buy or sell items locally. You simply download the app and then post your item on the site. Local buyers will then use the app to search for products and contact you if they’re interested.

Local sales mean that sellers won’t have to deal with shipping fees, and buyers can find gently used items for up to 90% off the retail price.

7. Vestiaire Collective

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Vestiaire Collective focuses on reselling luxury men’s and women’s items. The site caters to a global audience and gives sellers a couple of different options.

If you’re interested in selling items on Vestiaire Collective, you’ll start by sending photos and a description to the site. Once your items have been approved, the company will list the items on their site.

Once a sale is finalized, you’ll send the item to the company for authentication. From there, the item is shipped to the buyer.

8. Mercari

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Mercari is the go-to website for buying and selling all sorts of used items, including clothing. Buyers can find great deals up to 70% off, and over 150,000 new items are added to the site on a daily basis.

One benefit to sellers is that the site makes it easy to share your postings on social media. And you can list your clothing on the site for free.

9. Kidizen

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All parents know how quickly kids outgrow their old clothes. Online consignment shops like Kidizen are a great option for selling old clothes and finding new clothes as rock-bottom prices.

However, Kidizen isn’t your typical consignment shop. Instead, it operates more like a marketplace for used children’s clothing. As a seller, you’ll set up your own virtual shop and upload the photos and clothing descriptions yourself. This gives you more options for you much money you can earn.

10. eBay

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Anytime you’re discussing the best places to buy or sell used items online, eBay is going to be part of the discussion. To this day it’s still one of the best options available for selling or buying used clothes.

Obviously, eBay isn’t a consignment store in the traditional sense. But buyers can find tons of discounted clothing on the site. And as a seller, it’s hard to find a better option than eBay since it’s still the number one place many people turn to for discounts.

And the eBay app makes it easy for new sellers to get started. You’ll simply upload the photos of the clothing and item descriptions, then wait for potential buyers to start bidding.

Bottom Line

Utilizing online consignment stores is a great way to save money on your monthly clothing budget. It’s also a way to clear out some space in your closet and earn a little extra money in the process.

Whether you’re looking to connect with local buyers or find a site that will do the heavy lifting for you, there’s an option for everyone. If you’re not sure where to start, don’t forget about local options as well. There are likely several local consignment shops in your area that will walk you through the process of selling your used clothing.

Jamie Johnson
Meet the author

Jamie Johnson is a freelance writer who has been featured in publications like InvestorPlace and GOBankingRates. She writes about a variety of personal finance topics including student loans, credit cards, investing, building credit, and more.