Facebook; Twitter; LinkedIn; Was this article helpful? If an item is not approved after our vetting process, we will contact you with additional information. As of January 1, 2023, the TAF is $0.000145 per share (equity sells) and $0.00244 per contract (options sells). If we have acted with reasonable precautions and/or in accordance with our legal obligations, we are not liable for any unauthorized, incorrectly, unexecuted, or delayed payment transactions when such issues were caused by abnormal and unforeseeable circumstances beyond our control. For even faster service, bring your items to a Rebag store, and we will complete the quoting, vetting and payment process in less than 60 minutes. Thus, if you're selling a product that's, say, worth $200, that cuts your take by $40. Typically very quick and friendly. If you accept the Cash Offer for your sell order, your payout will be deposited into your Rebag Wallet Seller Funds balance. As a Refer-a-Friend member (an "Advocate"), you are subject to Rebag's Terms of Use and Rebags Privacy Policy, as well as the following additional Terms & Conditions for Rebags Refer-a-Friend program: A Qualified Referral is defined as a purchase made at www.rebag.com by a person (a "Referred Customer") who arrives to our website by clicking your Refer-a-Friend program link. 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. We provide four free options for sending your items to Rebag after accepting your online quote: We can schedule a free pick-up in Manhattan below 125th Street from Monday to Friday, between 9am to 7pm, and within a four-hour window. Open any offer you would like to review and click/tap Accept. If Rebag rejects the Product for any of these reasons, the original offer automatically expires and is rescinded. Conversely, a brand could suddenly decide to actually meet demand and produce large quantities of a popular item, which would force the resale value back down. Our pricing strategy is dynamic and based on current market trends. However, you will not be able to exchange it for Rebag Infinity pricing beyond 12 months after purchase date. If you do not want the social network to collect the information about you described above, or to share it with Rebag and other third parties, please review the privacy policy of the relevant social network and/or log out of the relevant social network before you visit Rebags site. If you're questioning the authenticity of the bags on the site, Rebag outlines the methods its team uses to spot a fake. If you chose to click on one of these buttons or links, your browser connects directly to the servers of the relevant social network. Condition definitions are subject to change at Rebag's discretion. Listing agents don't receive a dime unless your home gets sold. Advertisers or other companies do not have access to Rebag's cookies. If we are still able to purchase your item despite the incremental wear, we will provide a quote reflecting the current condition. We offer payment by ACH electronic transfer (similar to direct deposit), check, and Rebag Credit. You can shop the site by collection, price, brand, color, and more. The seller pays this from the proceeds of the sale. Upon approval, we will proceed with payment. Selling with us is easy. Rebag may, in its sole discretion, suspend, cancel or combine Rebag accounts that appear to be duplicative. then you may be permitting us to have on-going access to some limited information from your social network profile (such as name, email address, photo, gender, location, the people/sites you follow etc.). Rebag authentication is an integral part of our vetting process. It is your responsibility to check or review these Terms from time to time to keep informed of any changes. If you have received an email confirming your submission, but have not received an offer in 1-2 business days, please contact Rebag Client Services by email at [emailprotected] or by phone at 1-844-373-7723 with your reference number. (Though, new ones are going for much closer to retail.) Indemnity. 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. All unredeemed Rebag Rewards Points will expire when a program member has not engaged in a transaction associated with that membership account for 12 months or more.In addition, Rebag Rewards Points will automatically expire if your Membership is revoked or otherwise cancelled. Once the shipping label is attached, youre ready to ship. As for what's driving the demand,the style hasn't been discontinued, and Bella Hadid wasn't photographed showing one off on the streets of Soho causing a shopping frenzy; it just sells out a lot on the Louis Vuitton website and is likely popular because of its entry-level price point. We will send a confirmation email as soon as we receive and identify your order. Offer revisions may occur due to condition, change in size, material, or slight model variation. If we cant provide you an instant offer, you can always submit images and we'll provide an offer in 1-2 business days. The Products and the sale and shipment of such items to Rebag: (a) must comply with all applicable laws, statutes, ordinances, including without limitation all import and export laws, (b) may not infringe on third party intellectual property rights (including copyrights, trademarks, patents, trade secrets or other proprietary rights), and (c) shall not be counterfeit, stolen, or fraudulent. If they're luxury items, expect a 90% payout instead. This is expected in the world of sneaker reselling, where releases are limited-edition and the inventory is typically pristine, without so much as a speck of dust on the box. If you are not registered with the social network or you are logged out before you visit Rebags website, there is the possibility that at least your IP address will be submitted to and stored by the social network. You can review your current offers by logging into your Rebag account and going to View My Offers. 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. Acceptance indicates you are willing to provide your Product to Rebag at the offered price. One of those places is Rebag, a slightly newer platform that also focuses on designer accessories. 10. Cancelation requests by customers can only be made within one hour of the order being placed. Purchases placed on Saturdays and Sundays will be processed the next Monday (barring a federal holiday). 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. Passing of Title. Rebag will use its discretion to determine the Product value, weighing factors that may include the Product's model, functionality and condition and whether necessary Product accessories have been provided by you. Please note that there is a flat $10 fee for shipping back a refused bag. Rebag makes every effort to ensure the accuracy of all information you receive in relation to your Product. That's a piece of data that's gonna help us next time." And with numerous platforms Rebag, Fashionphile, Vestiaire, The Real Real (and, increasingly, the brands themselves) competing for our business, ensuring that the price is right has never been more important. Rebag reserves the right to modify this Agreement at any time. In order to receive payments for any Products we purchase from you, you must provide us with information including a valid email address at which you are able to receive email, a valid postal address at which you are able to receive mail, and your first and last name. By continuing, . --. If you bought these pieces from Gucci in 2016 and are thinking about selling them to The RealReal today, you'll be happy to know they held a fair amount of value: The sneakers are now selling . In certain instances, your transaction may be declined, frozen, or held for any reason including but not limited to, suspected fraud, high risk or potential violation of any regulation, compliance with economic or trade sanctions, Rebag policies, or a policy of one of our third-party payments services providers. If your order has not yet been paid, you may edit your payment details directly in your account. Never miss the latest fashion industry news. If we are unable to settle the transfer of proceeds, then, depending on the reason why we are unable to settle the proceeds, we may return your item, proceed with a different method of payout or otherwise process these funds in accordance with applicable law, including abandoned property laws, such as by escheating funds to a governmental body after the passage of an applicable period of time, or our policies. Membership in the Program ("Membership") is limited to individuals only and is limited to one account per individual. This may include particular accessories. Yet, for many, the appeal of luxury handbags is undeniable. Rebag's 2021 Clair Report shows new Bottega Veneta styles retaining much of their retail value. Rebag backs this up with a real offer to pay you the quoted amount then and there, if you decide to sell. Any changes or modifications will be effective immediately and may be posted to www.rebag.com, so please check back from time to time. Rebag authentication is an integral part of our vetting process. The Real Real has a series of timed discounts that they put on your items. 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. You may not offer or provide to Rebag for sale, any Products that would violate the provisions of this Section. You may add one additional form of payment to complete your purchase. The Realreal has several tiers of commission levels when it comes to how much percentage they will take. Our store locations can be found here. Of course you are more than welcome to sell it back to Rebag at any point in time. Rebag brings together an expertly vetted selection of more than 75 of the world's most coveted labels, such as Chanel, Herms, Rolex, and Cartier, by and for discerning collectors of best-in-class fashion and accessories including handbags, shoes, jewelry, watches, and apparel. We do all the heavy lifting for you. 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. By clicking Sign up, you agree to receive marketing emails from Insider You will have the opportunity to opt out of any further mailings at any time; provided, however, that we reserve the right to send you certain communications relating to the Services, such as (a) communications related to fulfilling a transaction, (b) service announcements, (c) notices regarding Rebags legal terms and this Privacy Policy; and (d) administrative messages, which are considered part of your Rebag account. All shipments and pick-ups facilitated by Rebag are tracked and insured. The Company seeks to lower the technical barriers to accessibility on our website for persons with disabilities. Our goal is to sell your items at the highest price the market will demand. All amended terms automatically take effect 30 days after they are initially posted on the Services, unless that amendment states otherwise. Non-Transferable. For in store submissions, receive both your offer and payment in less than 60 minutes. We also may allow certain analytic services and providers of applications used on the Services (e.g. If you do not accept Rebags offer, the specific transaction expires. At least 3 security guards inside monitoring as you look. Rebag sells authentic second-hand bags from the most sought-after brands. There should be no noticeable flaw, no functional nor physical problem. Sellers may elect to use this incentive on a Rebag purchase or transfer the balance along with their initial Seller Funds payouts. Rebag founder and CEO Charles Gorra has made it his mission to make secondary behavior (aka resale) the new standard for luxury goods. All shipments are tracked and insured. These terms, the terms that govern your use of Rebags website ("Rebag Website"), the Rebag Services and any and all applications included therein, the terms of Rebags privacy disclosures and any supplemental terms or policies that accompany a specific transaction, feature or application collectively make up an agreement between you and Rebag (the "Agreement"). The Referred Customer and the Advocate cannot be the same person (for example, by using a different email address). Of course, if Rebag rejects the Product or you do not accept any new offer for the Product (the "Return Circumstance"), your Product will be returned to you as set forth in the previous sections, against a $10 fee. Rebags selling process is fully transparent. In your Rebag web and app account, on the Purchases page, simply find your order and click Exchange on the bag you would like to exchange. You can use several Rebag Credit codes in the same purchase. How to Use Clair by Rebag: Get a Price Offer for Your Bags & Accessories Watch on It's as easy as 1-2-3. You can use thredUP's . In the event Rebag recalculates the offer it provided for the Product after it has been received and inspected, as described above, you shall have the option of accepting or rejecting the new offer. We may also collect additional information about you when you engage in certain activities on the Services, such as: (a) provide transactional information when you sell, ship, or purchase an item ; (b) when you sign up for special offers; (c) when you visit the Services Website or the pages of certain Rebag partners ; (d) when you interact with offers and advertisements; (e) when you contact us for help or customer support; (f) when you log into the Services with your account; (g) when you complete a survey; (h) when you post content or provide us with feedback; or (i) when you enter promotions or sweepstakes. 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. By accessing or using the Services, you agree to be bound by all of our terms and conditions. Please note checks do not have tracking numbers. Please allow 2-6 business days for the materials to arrive. Any return or refund of an Outlet - Final Sale' item purchased from Rebag website or mobile application is made at Rebag's absolute and sole discretion, subject to applicable laws. But how? FF Logo Stamp Flap Bag Zucca Coated Canvas and Leather Medium. The prices presented by Rebag's Clair tool or Fashionphile's Luxury Pricing Index (a similar pricing tool that just isn't public-facing) are based on data culled from its years in business, as well as the overall market, which these companies use to build and improve their proprietary algorithms. Items that are not claimed will be forfeited. Our courier can pick-up from your home, office, or doorman. As a buyer, Rebag makes the process easier for you, too. Rebag therefore reserves the right to correct any errors, inaccuracies or omissions and to change or update the Content at any time without prior notice. Rebag Buying from Rebag Purchasing Will I be charged sales tax? Take photos of your items following our tutorial for the best results. If the condition of the item has changed since it was purchased, we will not be able to honor Rebag Infinity. Rebag's 2021 Clair Report shows how brands like Louis Vuitton, Chanel and Bottega Veneta are retaining more of their retail value now, as compared to previous years. We can only honor returns through the following return process: Rebag cannot accept international returns. You agree that all information you provide about the Item for trade-in, as well as information you have or will provide about yourself, is true, accurate, and complete. Rebag contact info: Phone number: (844) 373-7723 Website: www.rebag.com What does Rebag do? The upside of . We use real-time advanced pricing algorithms for intelligent pricing that is derived from internal data and external market trends. "It's the smart, trend-driven investor [who could do it]," she says. 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. We limit access to personal information about you to our employees and agents who we believe reasonably need to come into contact with that information to provide products or services to you or in order to do their jobs. The Purchase Price is the original price you paid at checkout for the item including discounts and promotions, but excluding shipping and taxes. Upon receiving an offer, you have the option of accepting or rejecting that offer. California law provides that you have the right to submit a request to us at the designated address and receive the following information: the categories of information we disclosed to third parties for the third parties direct marketing purposes during the preceding calendar year, the names and addresses of third parties that received such information, and if the nature of a third party's business cannot be reasonably determined from the third party's name, examples of the products or services marketed. Rebag reserves the right at any time to temporarily or permanently remove accounts. These Program Terms and Conditions apply to the Rebag Rewards Membership program. Yes. For example, we may offer an incentive to sellers who elect to hold a Seller Funds balance whereby we will increase their Seller Funds balance periodically by a pre-disclosed amount. Terms and conditions modifying the Agreement are effective immediately upon posting. Of course, there's more to a bag's resale value than its most obvious features. Our model gets smarter over time as more people share salaries on Glassdoor. Sign up for the Fashionista daily newsletter. 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. This does not drive our decision as to whether or not a product is featured or recommended. International shipping will take approximately 6-9 business days to arrive once shipped. You can also go on the Sell Now page and select from PREVIOUS PURCHASES to find any item that qualifies from your list of previous Rebag purchases. Items made of exotic materials cannot be shipped outside the US. People love luxury handbags, but for many, the price is a huge obstacle. Online through Clair, you can get an instant offer in minutes. Every item is thoroughly vetted for condition, and Rebag-approved for authenticity by our team of in-house experts. If our current pricing in Rebag Credit for that item is greater than the Exchange Value from Rebag Infinity, we will upgrade your Exchange Value so you always get the most favorable pricing option. Fashionphile and Yoogi's aren't much better. Rebag ("The Company") offers services (the "Rebag Services") through which you can sell certain luxury items (the "Products") after receiving an "offer" from Rebag by identifying your Product or completing check-out on the Rebag Website. It takes 1 business day for a purchase to be processed before shipment. Rebag may, in its sole discretion, allow Rebag Rewards Points to be redeemed for other benefits or items of merchandise from time to time. If you are on a tight budget, you can start with less than $500 and work your way upwards. 2. Rebag only accepts items in excellent condition. and/or any Product damaged or lost in transit. Here is an in-depth overview of the 3 major US-based luxury resellers that can make selling . darian kinnard knoxville; ginger and caffeine interaction; oklahoma state university college of education faculty; british airways flight 9 documentary Electronic Notices and Transactions. If you have not received a confirmation email, there may have been an error in your submission. And yes, machines have ways of assessing that as well, by monitoring behavior and patterns on e-commerce: Upticks in "searching, buying, favoriting and adding to cart" signal that an item's demand is increasing and should be priced accordingly, according to Layne. If you choose Rebag Credit, an additional 15% will be added to your quoted price. 5% for any portion of Sales Proceeds greater than $5,000. As this phenomenon happens more and more, the algorithms get smarter and the prices shoot up faster, meaning you'd practically have to be clairvoyant to get in on the ground floor, so to speak. Dwolla. how much does rebag charge to sell . Any funds in your Rebag Wallet Seller Funds account represent unsecured claims against Rebag. FAN-FAVORITE TABBY BAGS ARE BACK. All items are unique, and we hold only one of each listing, so we recommend that you purchase them while they are available. Not only do they retain their value, but they also go up in value every year. At the end of the day, the bags you'll find on Rebag are by no means cheap they're still very expensive. to protect your personal information against unauthorized access and disclosure. All of our items are white-glove inspected and Rebag-approved, with new arrivals added every week. Rebag, which lets customers buy and sell used, high-end handbags, introduced Clair last month. You agree that the final trade-in value of your item is subject to Rebags inspection of the item and that all final determinations are made at Rebag's sole discretion. They take another 50% commission on the remaining $160 sales price. "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. If it does, the typical agent commission is 6% of the price of your home (which is typically . Hundreds of new items are released on Rebag.com each week. It is your duty to keep your email address accurate and up to date and to maintain a valid email address and to ensure that emails we send you are not filtered or stopped by spam filters or other types of email blocking functionalities. 15.1 miles away from Rebag. If you are uncertain about your Products condition, please seek guidance by contacting Rebags customer care. Privacy. 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 may, in its sole discretion, alter, limit, or modify the Program rules, regulations, benefits, Rewards, eligibility for Membership, or any other feature of the Program (including assigning any of its obligations to customers under the Program at any time to another person or entity, without recourse) or may terminate the Program any time at its sole discretion, by posting any such changes on the Rebag website.
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