You can now sell your pre-owned clothes on eBay without any fees. Making money from your wardrobe is now easier and more profitable!
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eBay has changed its terms and conditions, and selling pre-owned clothes is now completely free for private sellers based in the UK.
This means you won’t have to pay a penny in final value fees or regulatory operating fees when your clothing items sell.
Starting from 8 April 2024, if you’ve got clothes you no longer wear, whether they no longer fit, are unwanted gifts, or vintage finds that deserve a new home, you can sell them on eBay without worrying about the usual fees.
With so many other places offering to sell online for free, eBay is now catching up when it comes to clothing.
This is great for anyone looking to declutter and make some extra cash without the hassle of fees eating into profits.
If you already have items listed on eBay but not yet sold, the pricing change will apply to them automatically.
How much can you save
You currently get to list 1,000 items for free each month.
When you sell an item, you’d usually have to pay both a final value fee of 12.8% of the total amount of the sale, plus 30p, and a 0.42% regulatory operating fee.
For clothing, this is now free, so you’ll save around £1.50 on each £10 sale.
Remember, though, that selling for free is only if you’ve not used all your listing allocations.
It also doesn’t cover optional upgrades, business sellers, international sales, or using eBay’s Promoted Listings feature. So, if you’re planning to add some extra visibility to your listings or sell abroad, there’ll still be some costs involved.
One thing to be aware of is that the free listings don’t include the trainer’s category.
What about “side hustle tax” and HMRC?
There has been a fair amount of scaremongering since the announcement that HMRC wants new reporting for online sellers.
But, the reporting doesn’t really change how much money you can earn from selling before paying tax (particularly if you are selling your own personal, pre-loved items, not buying and selling for profit).
The change is purely about how online platforms, like eBay, need to share and report information to HMRC.
If you sell a couple of items per month of unwanted stuff from your wardrobe, attic, garage, or anywhere else in your home, you won’t pay tax on this or be impacted at all.
However, if you sell more than 30 items a year or earn over £1,700 from selling your stuff, your details will be reported to HMRC.
Even if your details are shared, it doesn’t change how you should pay tax to HMRC, and you can carry on as usual.
Steve says
How about shoes not trainers ?