. We also accept payment through PayPal, Affirm, and with Rebag Credit. The fees you pay depend on the number of listings you have, the product category of the item you're selling, and whether you have an eBay Store Subscription. You can also use multiple Rebag Credits in a single transaction. Your Rebag Wallet Seller Funds account is not eligible for FDIC pass-through insurance. How much do Rebag employees make? In the event the Product has already been sent to Rebag, the changed offer will become a New Offer subject to the processes set forth in previous sections. This fee is rounded up to the nearest penny, which will be no greater than $7.27 per trade. Humans also make mistakes, just like computers. Rebag will also remind you of the outstanding new offer one or more times during the New Offer Period. We automatically receive and collect Non-personally Identifiable Information on our server logs from your browser, including your IP address, the Uniform Resource Locator ("URL") that you just came from, which URL you next go to, browser type, browser language, date and time of your query, Rebag cookie information, and the pages you request. If you object to your information being transferred or used in this way please do not use our Website or services. $ 0 to $1,500 in sales, the realreal takes 45%. Under the Program, all transactions will earn 1 Rebag Rewards point credited to their Rebag Rewards account for every U.S. dollar transacted (traded, sold, or bought). Final Value Fees: Final value fees are charged only once an item sells. Online through Clair, you can get an instant offer in minutes. Product Valuation. If it does, the typical agent commission is 6% of the price of your home (which is typically . $640. Luxury handbags get big return on their investment Because it's well-organized, well-presented, and well-curated Rebag is sure to make any hangbag aficionado swoon. As an Advocate, you are responsible for any and all tax liability resulting from Referral Rewards. We reserve the right, without notice to you, to void Rebag Gift Cards without a refund, suspend or terminate customer accounts, cancel or limit orders if we suspect that a Rebag Gift Card is obtained, redeemed or used fraudulently, unlawfully, or otherwise in violation of these terms and conditions. Sales tax is charged for online purchases shipped to the following US states: Arizona California Colorado Connecticut Florida Georgia Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Michigan Missouri North Carolina New Jersey Nevada New York Ohio Oklahoma Pennsylvania South Carolina Texas Virginia Washington Wisconsin Sales tax is charged for in store purchases placed in any of our retail locations. Ready to Buy or Sell Resale Luxury Handbags? Find out if Rebag is Legit What happens after accepting the quote? Resale value is also impacted by the availability and price of items on the primary market, over which luxury brands like to have tight control. If we are still able to purchase your item despite the incremental wear, we will provide a quote reflecting the current condition. The maximum Qualified Referrals earned per calendar year may be no more than 50 Qualified Referrals. You may request for us to remove signature tracking, but Rebag cannot be held responsible for the package if it is not successfully delivered. For you to earn a reward as an Advocate, the Referred Customer must complete a purchase order greater than $500 in total value, minus all fees including taxes, discounts, shipping, returns, chargebacks, fraudulent payments, and/or other 3 rd party fees. The same happened after Alessandro Michele's Gucci refresh. If your revised item value is lower than the initial offer, you will have 5 days to accept or decline the updated offer and may be required to pay a trade-in adjustment fee. When you use the Services, you provide information to us. 5.37%. Upon acceptance, you will need to provide additional information, such as shipping address and preferred payment method. For high-end accessories especially, resale price is a moving target based on an increasingly complex web of factors. Will I be charged sales tax? - Rebag We reserve the right to assume the exclusive defense and control of any matter otherwise subject to indemnification by you and, in such case, you agree to cooperate with our defense of such claim. ANY AMENDED TERMS WILL BE AUTOMATICALLY EFFECTIVE IMMEDIATELY AFTER THEY ARE POSTED. Similarly, after a price is determined by Rebag's algorithm, "everything is reviewed and vetted by our team internally," says Layne. Our goal is to sell your items at the highest price the market will demand. Upon approval, we will proceed with payment. You are responsible for any damages that may occur to your Product while in transit. Rebag reserves the right to exclude individuals from the Program or remove Rebag Rewards Points from a member's account in its sole but reasonable discretion. We also accept payment with Rebag Credit. Sellers may elect to use this incentive on a Rebag purchase or transfer the balance along with their initial Seller Funds payouts. "It's the smart, trend-driven investor [who could do it]," she says. 2. Failure to include any items you told us about when the offer was calculated, or sending us a Product which does not match your original description, may impact the final value of your Product and may result in a revised offer. Details of your current offers are available in the Clair summary of offers and your seller orders are available in the "Submission" section of "My Account" accompanied with detailed invoices for your records. For your assurance, please request a receipt as proof to confirm that the package was dropped off and scanned at UPS. FCC rules, etc.) You can use several Rebag Credit codes in the same purchase. Expecting consistently high demand, the site priced everything at three-to-four times above retail, but the hype died down and certain pieces didn't hold that value, so Fashionphile lost money on them. We may use other companies under agreements with us to serve advertisements when you visit and use the Services. However, when you transact with us (e.g., offer to sell a bag) or register to open an account with Rebag, we ask for information about yourself, such as your name, email address, and zip code, which we collect and use as disclosed in this Privacy Policy. About These Terms. Is it done by humans or robots? There should be no noticeable flaw, no functional nor physical problem. Every item undergoes a multilayered evaluation by authentication experts before we proceed with payment. . Membership in the Program ("Membership") is limited to individuals only and is limited to one account per individual. The item being exchanged must be the exact same item in the same condition as when it was purchased from Rebag, and it must be submitted for exchange no later than 12 months after the original purchase date. Rebag reserves the right to cancel the Refer-a-Friend Program or to change these Terms & Conditions at any time in its sole discretion. Rebag Raises $33 Million, With Funds Earmarked To Expand Tech - Forbes "With the Balenciaga City, it's probably still okay to be buying it now. WE DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY, ACCURACY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT AND THE IMPLIED CONDITIONS OF SATISFACTORY QUALITY. Visit this page for How Much Does It Cost to Sell on StubHub. Sign up for the Fashionista daily newsletter. The Company seeks to lower the technical barriers to accessibility on our website for persons with disabilities. We offer several ways to sell, including shipping, at-home pickup, and curbside drop-off at any of our retail locations with a dedicated expert to guide you throughout. Advertisers or other companies do not have access to Rebag's cookies. In the early days of online luxury resale, the big story was authentication: After that quaint era of buying designer handbags off Ebay on a wing and a prayer, resale platforms intervened with sophisticated tools to determine a product's legitimacy. In case of cancellation by Rebag, return assurance fees of $10 per Order still apply. For customers, we will follow local regulations in regards to masks and other protective measures. If you become aware of an unauthorized payment transaction or of a delayed or incorrectly executed transaction, you must notify us immediately by contacting our customer service representative. Learn more. To summarise: AUCTION FEES 1 Day: $1.00 3 Day: $1.00 5 - 7 Day Free every month, with a restricted number. Rebag may present links in a format that enables us to understand whether they have been followed. Your Seller Funds and associated benefits, including but not limited to Premium Payouts incentives and spending bonus incentive, are personal to you and may not be sold, transferred, assigned, or shared with, in whole or in part, with family, friends or any other persons, or used by you, your agents, employees, directors, officers, or assignees, for any commercial purpose. Updated; January 27, 2023 01:16; You are responsible for maintaining the security of all passwords, codes, or other login credentials used to access your Rebag account and the related Payment Services and for any transactions made or actions taken using your Rebag account. . Please refer to our Terms of Service. All of our items are white-glove inspected and Rebag-approved, with new arrivals added every week. All Bags - Rebag Open any offer you would like to review and click/tap Accept. Rebag is responsible for risk-of-loss when it opens the packaging containing your Product and ceases in the event Rebag returns your product to you for any reason. However, the commission levels can be as low as . Off White. In particular in case of patterns of unreasonable number of returns or cancellations, we reserve the right at our sole discretion to restrict or refuse that clients access. If you do not agree to these Terms of Use, you must cash out your Rebag Wallet Seller Funds balance. -If you made less than $10,000 on Etsy in the past 365 days, you'll be charged a 15% fee on the order total. Once the exchange has been completed and payment is issued, you will receive an email with your unique Rebag Credit code. In addition, through regular testing of our website, we will continue to implement commercially reasonable changes to improve accessibility to our website content, features and functionality. The sales tax applied to your purchase will be calculated prior to checkout. This can be avoided by answering questions about details and condition accurately and by providing detailed photos of all the signs of wear. Fees for NFT auctions mean you can lose money. - Slate Magazine For In Store Purchases All stores are cash free. Product Inspection; Offer Recalculation. This may include particular accessories. We use this information to understand and improve the quality of Rebag's search technology. No. How Much Does Rebag Take Commission? In order to complete the sale of your Product to or through Rebag or to complete any other transaction with Rebag, you must: (i) Order a bag or a pickup; (ii) Provide true, up to date and accurate account information about yourself and any Product you submit to us; (iii) Comply with all terms and conditions of this Agreement; (iv) Comply with all applicable laws and regulations, including all import and export laws; and (v) Have the legal capacity to enter into agreements and to convey title and interest in any Product that you submit to us. That's a fair comparison when talking about a bag that's truly rare or special, but what about items that don't seem that remarkable? Terms and conditions modifying the Agreement are effective immediately upon posting. Rebag shall not be responsible for communication errors should your contact information be inaccurate or incomplete. Any offer by Rebag for your Product is non-transferable and not redeemable for any other consideration other than what is offered by Rebag. To redeem your Rebag Credit through the app or online, apply your code at checkout in the field marked Discount or Rebag Credit. All domestic packages are shipped with UPS and signature confirmation is required. -The Offsite Ad fee will never exceed $100 for an order, regardless of the order total. We will have notifications throughout our stores to remind customers and employees of these policies. Rebag is an independent company not affiliated with any designer brand. "We did our previous funding round in early 2020 when the world was a much different place," founder and CEO Charles Gorra told me. Just enter your code into the Discount or Rebag Credit bar and click on Apply to apply the credit to your order. So you get $80 for your $200 product. Customer Accounts. How much does it cost to sell on eBay? A fee-by-fee breakdown We primarily will use Personally Identifiable Information for the following purposes: (a) to provide the Services to you; (b) to customize the advertising and content you see; (c) fulfill any transactions, including, your requests for products and services ; (d) improve our services and offerings to you; (e) conduct research ; (f) provide you with support; (g) provide you with updates and notices about the Services, our Privacy Policy and terms and conditions; (h) contact you under certain circumstances; (i) provide you with offers from us, our affiliates and from third parties that may be of interest to you, (j) provide anonymous reporting for internal and external clients, and (k) to customize the audience targeting of our advertising. For international payments, there is a payment processing fee of 4.99% + .49 USD. Rebag reserves the right, at its sole discretion and at any point in time, to cancel any Offer. how much does rebag charge to sell - goldstockcanada.com We may amend this Privacy Policy at any time by posting the amended terms on this site. People love luxury handbags, but for many, the price is a huge obstacle. Please allow 2-6 business days for the materials to arrive. Rebag reserves the right to revoke the original offer and provide a revised offer for the Product if: (a) the Product and/or materials are not as described,(b) the Product is received by Rebag after the Delivery Period, and/or (c) Rebag receives Product(s) that are different from those identified when your offer was calculated. If you do not agree with the revised offer, we will send your item back to you at no cost. These trusted partners may use your personal information to provide services to you on our behalf, evaluate the effectiveness of the services, and to help Rebag communicate with you about offers from Rebag and our marketing partners. You understand and agree that if you fail to provide us with accurate and up to date information about yourself: (a) we will not be responsible for any misapplied payments or payments sent to a wrong address, and (b) any unclaimed funds may be subject to collection by governmental authorities under applicable unclaimed funds and escheat laws. You acknowledge and agree that the trade-in transaction is final and cannot be cancelled by you unless the quoted value has been revised and declined by you. Of course you are more than welcome to sell it back to Rebag at any point in time. Sell Your Luxury Clothing & Goods With Us | The RealReal Membership is non-transferable and Membership purchases must be made by the member. Do not send items that are non-operative or with physical damage that inhibits use. You will receive a guaranteed quote within 1-2 business days. By purchasing and redeeming a Rebag Gift Card and using Rebag Credit on the Rebag website and app you agree to comply with these terms and conditions, and not to use a Rebag Gift Card in any manner that is misleading, deceptive, unfair, or otherwise harmful to Rebag or its customers. This product will be added to your favorites and you will receive an email the next time a similar item becomes available. Rebag Infinity is the ultimate way to keep your collection fresh. Cancelation requests by customers can only be made within one hour of the order being placed. Hundreds of new items are released on Rebag.com each week. We encourage you to ask questions before you disclose your personal information to others. Buy Authentic, Pre-Owned Louis Vuitton Bags Online - Rebag Then, Rebag's Clair tool will reveal the price the company will pay to buy it. You can purchase syndication rights to this story here. You agree to indemnify, defend, and hold harmless Rebag, its parent, subsidiaries, affiliates, officers, directors, employees, agents, representatives, vendors and distributors from and against any and all claims, liabilities, damages, losses, costs, expenses, or fees (including reasonable attorneys fees) that such parties may incur as a result of or arising from your (or anyone using your accounts) violation or breach of any terms under this Agreement. We will cover eBay store fees in a bit. You get 70% of the sale price for handbags priced over $3,000. You agree to ship your Trade item(s) or drop-them off at a Rebag Store promptly. 1) Find your bag - select you bag's brand and model from your list 2) Tell its history - Tell us some details about your bag 3) Reveal its value - Generate its current resale value in an instant A Complete Guide to Home Selling Costs (2022 Edition) - Clever Real Estate Carry any Rebag item for up to 12 months, and exchange it for credit worth 60-75% of its purchase price. The task can be daunting, especially for those new to recommerce. If you are uncertain about your Products condition, please seek guidance by contacting Rebags customer care. How much can you get for that Gucci bag? Rebag's new tool will tell yo Please visit our Guidelines for more information. If they're luxury items, expect a 90% payout instead. Rebag, which lets customers buy and sell used, high-end handbags, introduced Clair last month. How do I sell using Clair? 2. Eligibility is limited to individuals only. The Real Real Seller Review | How it Works & What To Expect - SideHusl Rebag might also receive information about you from third parties such as social media platforms and public websites and add it to your account information. Selling to Rebag - Rebag Items must have been purchased either in our stores, or on our website/app and shipped within the US. Jun 18, 2017. Your Product must be received by Rebag within fifteen (15) days after you order the prepaid box or a pickup on the Rebag Website or drop your product off at one of our store locations (the "Delivery Period") or the offer shall automatically expire. (c) Void a transaction. If you have not received your chosen method of payment by the end of the timeframe given, please contact Rebag Client Services by phone at 1-844-373-7723 or email [emailprotected]. All of our store staff will be equipped with mandatory PPE. Unlike renting or leasing, you remain the owner of the item as soon as you pay the purchase price until you decide to exchange it. Electronic Notices and Transactions. Please read the following to learn more about our privacy policy, the types of personal information we gather and the steps we take to safeguard it when you use the Website, applications and services provided by us (the "Services"). Any changes or modifications will be effective immediately and may be posted to www.rebag.com, so please check back from time to time. We are unable to make changes to a purchase once it has been placed. You must keep your mailing address, email address and other contact information current in your Rebag profile. She shares this to illustrate the fact that there's no limit to how high above retail a secondhand item might go for if that's what the market is dictating even if it seems absurd. If you do not agree to the changes, you may discontinue using the Rebag Websites and/or the Rebag Services. If so, it will send you a prepaid label to ship your bag (or arrange to pick it up in person if you live in NYC). On November 7, Rebag, the company founded by Charles Gorra a Harvard Business School alum who worked in business development at Rent the Runway will be relaunched as Rebag, an online and. If you no longer desire to transact electronically with us, you may no longer use the Rebag Website. By acting as the middleman between those who want to sell their old luxury bags and those who want to buy new ones. On an average budget, though, luxury bags might be out of the question. We believe it is necessary to share information in order to investigate, prevent, or take action regarding illegal activities, suspected fraud, situations involving potential threats to the physical safety of any person, violations of Rebag's terms of use, or as otherwise required by law. On the sold product listing, click on Set Back in Stock Alert ,. Your Payout Currency is the currency that we will use for settling your Seller Funds proceeds to your Rebag Wallet. From time to time, however, there may be typographical errors, technical inaccuracies, pricing or other errors or omissions. Outlet items may not be returned or refunded. Shipping costs are as follows: Please note that purchases placed after 4pm ET are considered as made the next business day. With the median home price in the U.S. at $217,000, that puts the closing costs range at $17,000-$22,000. Discover over 30,000 Rebag-verified pieces, all of which have undergone an in-person, multi-touch review process . 19 Best Sites and Apps to Sell Clothes Online | Teen Vogue The classic example Davis and Layne both brought it up is the curious case of the Louis Vuitton monogram key pouch, which today can go for anywhere between $300 and $450 on the resale market, despite the brand itself selling brand new ones for only $270. Yet, for many, the appeal of luxury handbags is undeniable. Some states do not allow the exclusion or limitation of liability of consequential or incidental damages, so the above exclusions may not apply to all users; in such states liability is limited to the fullest extent permitted by law. Rebag's 2022 Clair Report reveals which luxury accessories are performing best on the resale market, and which items you should invest in now. Any distribution of your referral link that could constitute unsolicited commercial email or "spam" under any applicable law or regulation is expressly prohibited and will be grounds for immediate termination of your account and exclusion from Rebag's Refer-a-Friend program. For the avoidance of doubt, your acceptance of the original offer and/or any new offer is final and you may not change your mind later about accepting such offer. Outlet Items - Final Sale. "We believe in a combination of human intelligence and artificial intelligence," she says, estimating that 70% of Fashionphile's pricing decisions are based on algorithms and machine learning, and the other 30% on human expertise and research. Not only do they retain their value, but they also go up in value every year. Our vetting process must be completed before payment can be issued. How much could you get for that Prada bag? It is based on the total amount of the item including shipping. Today, perhaps, as resale has gone mainstream, the story is about price and value. It will be treated as a resale and there is no guarantee that we can purchase it and no certainty on the price but well give you our best offer. For in store submissions, receive both your offer and payment in less than 60 minutes. These cookies, web beacons and pixel tags do not collect any personal information from your computer, such as your e-mail address. As part of the Perks of being a member, your Rebag Rewards Points may be redeemed at checkout for discount towards your transaction. Without ACH, we can't electronically transmit your disbursements to your bank account. The Exchange for value is calculated at checkout as 75%, 70% or 60% of the Purchase Price for each item depending on the Infinity Period you are in. In this Agreement, the term "you" or "your" means an individual or entity exercising rights under this Agreement, and the term "Rebag," "we" or "us" means Rebag and its affiliates and subsidiaries. How to Sell Clothes Online and Make Money From Home Someone may have owned their Louis Vuitton Speedy for years, even decades, without being precious about keeping it pristine. Click on Order Details then Edit Order, Click Save and Continue This will bring you to the payment page, where you can add or select new payment details, Shipping is FREE for all orders of or above $500, Shipping is $20 for all orders below $500, A written request must be filed by email to, Item must be shipped back to Rebag no later than 2 business days from when the prepaid return label was provided (as proven by the tracking number), Request a receipt as proof that the package has been scanned when dropping off at UPS. Bring your bags to one of our Rebag stores and we will quote, authenticate, and issue payment in under an hour. You will not have the opportunity to opt-out of receiving such notices. In a way, this approach encourages future sales by creating a loop for customers. Certificates of authenticity are provided solely by Rebag. how much does rebag charge to sell. From time to time, and at Rebag's sole discretion, Rebag may offer promotional programs as an incentive to customers. No Hermes Birkins/Kelly on display - you probably have to ask, they seemed to be kept in the back. Rebag Infinity is available on our website, www.rebag.com, mobile app or in person at one of our store locations. Our courier can pick-up from your home, office, or doorman. If you don't have a Store, the maximum final value fee that you can be charged for any one item that you sell will be $750. As a seller, I prefer eBay (lower fees than fashion sites) or if you have Facebook, Facebook Marketplace is great for local buy/sell (no fees you just have to meet up). This code gives customers 20% off at Rebag. Price also has to reflect an individual item's condition. Uncategorized. Rebag sells authentic second-hand bags from the most sought-after brands. To redeem in store, present the email containing your code to an associate at checkout. ALL DISPUTES MUST BE ADJUDICATED IN THE ENGLISH LANGUAGE. Dwolla. If you dropped off your item at a Rebag store, it will be held for a limited period of time. You remain responsible for the risk-of-loss for the Products until delivery of the same to Rebag. Rebag accepts all major credit and debit cards. All packages with a Rebag-provided shipping label are tracked and insured. Any unclaimed referral rewards will be forfeited at that time. Rebag accepts U.S. returns as long as items comply with our return policy, are in the same condition as described on the product page, and still have the Rebag return tag attached. NOW WATCH: This giant clip makes it easy to carry heavy bags, Millennials contributed to an 85% surge in the sector, Learn more about how our team of experts tests and reviews products at Insider here.