Your payout for a successful sale is a percentage of an item’s sale proceeds.
For the first £30 of every sale you receive 40%, and for the portion of the price over £30 you get 70%. Minus a £1 per item selling fee.
Sale proceeds represents the price net of 3rd party transactions costs, i.e the amount you would receive if selling yourself on an online marketplace like eBay. This charge is 11%+£0.30 (+VAT). Sale proceeds is used as the basis of the payout calculation as It allows you to see the true incremental cost of using our selling service.
Item sells for a headline price of £120
- 3rd party selling fee (£17.50)
= Item has sale proceeds of £102.50
Your cash payout is £61.75 (60% of sale proceeds)
(You receive 40% of the first £30 and 70% of the remaining £72.50. Minus £1 selling fee).
Item sells for £30
- 3rd party selling fee (£4.64)
= Item net selling price of £25.36
Your cash payout is £9.14 (36% of sale proceeds)
(You receive 40% of the £25.36, minus £1 selling fee)
Charity fundraising? We’ll boost donations by 10%
Make a donation to a charity of your choice from your ReThread payout and we’ll top it up by 10%. See our FAQs page for details.
How we set our payouts
We are fully committed to transparency in how we set our payout structure. The payout levels reflect the cost of the time to process each item (inspect, professionally photograph, list, P&P) and hence higher value items can command higher percentages and vice versa. We also use the funds to invest in our business, including:
- Paying our hard-working staff fairly
- Building a quality online resale platform
- Handling logistics & inventory for 000s of unique items
- Building buzz about ReThread and #preloved