Preloved.my

Sell on Consignment

You provide us with the items you wish to sell, and we take care of everything else—from final inspection and pricing to professional photography and listing your items on our platform. When your item sells, we handle the transaction, and you receive your earnings minus a consignment fee. This process allows you to effortlessly make money from your preloved items while contributing to a more sustainable future.

Consignment Fees

At Preloved.my, our consignment fees are straightforward and transparent:

  • Commission Rate: 8% of the final sale value.
  • Minimum Fee: RM100 per item.

Note: The consignment fee is the greater of RM100 or 8% of the final sale value.

How to Sell on Consignment?

1 Submit Your Items Online

  • Submit “Consignment Request“: Start adding your item details.
  • Provide Item Information:
    • Fill up the consignment form with as much details as possible.
    • Highlight features and any defects.
  • Upload Photos:
    • Include clear photos from different angles.

2 Await Preliminary Approval

  • Review Process: Our team will review your submission.
  • Notification: You’ll receive an email within 3-5 business days.
  • Next Steps:
    • Approved Items: Proceed to shipping.
    • Not Approved: We’ll provide feedback.

3 Send Your Items to Us

Packing Tips:

  • Use sturdy boxes and bubble wrap.
  • Include your seller information inside the package.

4 Final Inspection and Consignment Agreement

Final Inspection:

Upon receiving your items, our team will conduct a thorough inspection to verify their condition and authenticity.

Consignment Agreement:

We will create a consignment agreement outlining the terms, including pricing, commission rates, and consignment period.

Review and Sign:

We’ll send you the agreement for your review.
Sign and return the agreement to proceed.

5 We Create Your Listing

  • Professional Photography: We take high-quality photos.
  • Compelling Descriptions: Our team writes engaging descriptions.
  • Pricing Strategy: We help price your item competitively.

6 Item Goes Live

  • Your Item is Listed: Available for buyers to purchase.
  • Marketing Efforts:
    • Featured on our website.
    • Promoted on social media and newsletters.

7 Sale and Payment

  • Item Sells: We handle payment processing and notify you.
  • Receive Payment:
    • Payments issued after the return period (usually within 7-14 days).
    • Funds transferred to your bank account.

8 Unsold Items

  • Options:
    • Extend Listing: Keep your item listed longer.
    • Adjust Price: Lower the price to attract buyers.
    • Retrieve Item: Have it returned to you (shipping fees may apply).