There are also now image recognition tools that can pretty accurately determine a bag's style and condition. It made pricing transparency a central part of its offer when it launched Clair (Comprehensive Luxury Appraisal Index for Resale), a digital tool anyone can use to instantly check the current and historic resale value of a specific luxury handbag. If you do not accept Rebags offer, the specific transaction expires. Never miss the latest fashion industry news. We operate independently from our advertising sales team. Rebag founder and CEO Charles Gorra has made it his mission to make secondary behavior (aka resale) the new standard for luxury goods. If we are able to offer more than, we will. That's where things get complicated. The sales tax applied to your purchase will be calculated prior to checkout. To redeem in store, present the email containing your code to an associate at checkout. Rebag buys its product based on a list of accepted designer brands. Rebag, which lets customers buy and sell used, high-end handbags, introduced Clair last month. . Any funds in your Rebag Wallet Seller Funds account represent unsecured claims against Rebag. 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. A Paris Fashion Week attendee carrying a Balenciaga City Bag in October 2021. CLICK TO SHOP . Risk-Of-Loss. Rebag reserves the right, at its sole discretion and at any point in time, to cancel any Offer. In particular, any abuse, manipulation or "gaming" of the Program or its rules (as determined by Rebag), failure to follow any terms of the Program, Membership inactivity for more than 12 months, any misrepresentation or any conduct detrimental to the interests of Rebag not otherwise protected by law may subject members to Membership revocation or deduction of Rebag Rewards Points obtained through these abusive or manipulative activities and will affect eligibility for further participation in the Program. This can be avoided by answering questions about details and condition accurately and by providing detailed photos of all the signs of wear. Best of all, you get to keep 100% of the quoted price once you send the bag in to be resold. What factors go into setting and adjusting these prices? Items that are not claimed will be forfeited. Offer revisions may occur due to condition, change in size, material, or slight model variation. Take photos of your items following our tutorial for the best results. It is based on the total amount of the item including shipping. Packing and shipping recommendations provided to you by Rebag should be followed in order to avoid possible damage to or loss of the Product in transit. Rebag Infinity is available on our website, www.rebag.com, mobile app or in person at one of our store locations. Simply download the Rebag App from App Store / Google Play. For customers, we will follow local regulations in regards to masks and other protective measures. Every item is thoroughly vetted for condition, and Rebag-approved for authenticity by our team of in-house experts. People love luxury handbags, but for many, the price is a huge obstacle. We also may allow certain analytic services and providers of applications used on the Services (e.g. Find your forever favorite, or embark on a handbag honeymoon with the intention of bringing it back to Rebag within 6 months for store credit. Our third-party advertising networks and servers will also provide us reports that will tell us how many ads were presented and clicked upon on Rebag in a manner that does not identify personally any individual. In the event that your Rebag account is terminated, all accrued seller funds, site credit and rewards in your account are void. IF YOUR PRODUCT IS DEEMED UNAUTHENTIC, AND AS PER THE REQUIREMENTS OF THE LAWS OF THE UNITED STATES, WE CANNOT AND WILL NOT ACCOMMODATE ANY RETURN, EVEN AGAINST A FEE. Items that you send in for the trade will be returned to you. These terms govern any offer that you receive to sell your Product to or through Rebag. 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. '../imgs/USA.png' ?> //= $_COOKIE['currency'] == 'CAD . To summarise: AUCTION FEES 1 Day: $1.00 3 Day: $1.00 5 - 7 Day Free every month, with a restricted number. 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. What it means. 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 also accept payment through PayPal, Affirm, and with Rebag Credit. We may use third-party analytics services to collect, monitor and analyze the information collected as described above. In that case items that were bought will be refunded and relisted for sale by Rebag. Then, Rebag's Clair tool will reveal the price the company will pay to buy it. We may use pixel tags, either provided by us or by our third party advertisers and ad networks, to collect information about your visit, including the pages you view, the links you click and other actions taken in connection with our sites and Services and use them in combination with our cookies to provide offers and information of interest to you. We are unable to make changes to a purchase once it has been placed. If we make any updates or changes to this Privacy Policy, all modifications will be posted to this Site, and will be effective immediately upon our posting and, where appropriate, notified to you by post or email. Every item undergoes a multilayered evaluation by authentication experts before we proceed with payment. If they're luxury items, expect a 90% payout instead. This may include particular accessories. 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 has the right to cancel any trade-in offer in its sole discretion at any time before the payment is issued. She brings up 2017's Louis Vuitton x Supreme collaboration. Louis Vuitton's infamous monogram key pouch. sharing buttons) to collect Non-Personally Identifiable information by placing cookies on the Services that will track certain performance of our Services, such as, web traffic, click-throughs, etc., in order to assist us and our service providers in better understanding the interests of our users and to better serve those interests. Once you send Rebag your Product, Rebag cannot and does not guarantee that it will be able to honor any request for return of the Product. 2. All sellers' Payout Currency is the US dollar. Rebag is independent from any brand affiliation. Once your items have been Rebag-approved, we will proceed with payment. You will not have the opportunity to opt-out of receiving such notices. You can purchase syndication rights to this story here. Our courier can pick-up from your home, office, or doorman. They take another 50% commission on the remaining $160 sales price. 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. We use real-time advanced pricing algorithms for intelligent pricing that is derived from internal data and external market trends. Rebag Infinity only applies if the item was purchased on www.rebag.com, on the Rebag mobile app or in a Rebag store location. Promotional programs have explicitly defined terms, including but not limited to, expiration, usage per person and per transaction, and other limitations and restrictions. However, if the new offer is neither affirmatively accepted nor rejected by you during the New Offer Period, the new offer will be deemed to have been accepted by you and you will be paid the new offer price in the normal course and in accordance with these service terms. Of course, these costs vary depending on the tax rate where you live and the value of your home. If you have any questions, concerns, or suggestions regarding the above Agreement, please feel free to email [emailprotected]. All Offers from Rebag to purchase submitted Products are non-binding and indicative only. Say hello at rrosmarin@businessinsider.com. 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. You can reset your browser to refuse all cookies or to indicate when a cookie is being sent; however if you reject cookies, you will not be able to sign in to the Services or take full advantage of our Services. Please refer to our Terms of Service. If you interact with us through a social media platform, plug-in etc. darian kinnard knoxville; ginger and caffeine interaction; oklahoma state university college of education faculty; british airways flight 9 documentary 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. 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. Rebag reserves the right to cancel the Refer-a-Friend Program or to change these Terms & Conditions at any time in its sole discretion. Companies like Rebag and Fashionphile use a combination of artificial and human intelligence to price items in a category that's always changing. From time to time, and at Rebag's sole discretion, Rebag may offer promotional programs as an incentive to customers. Since joining the team in 2018, Remi has reviewed hundreds of products and interviewed founders of industry disruptors, such as direct-to-consumer startups. If you are on a tight budget, you can start with less than $500 and work your way upwards. You agree to comply fully with all import and export laws, regulations, rules and orders of the United States, or any foreign government agency or authority, and that you will not directly or indirectly transfer your Product without proper authorization from the U.S. and/or foreign government. If it does, the typical agent commission is 6% of the price of your home (which is typically . 'active' : 'js-change-currency' ?> //= plugin_dir_url( __FILE__ ) . International shipping will take approximately 6-9 business days to arrive once shipped. That said, scarcity is not always in the brand's control: Covid-19, for instance, has caused unprecedented supply chain issues that have contributed to that as well. They must not sell many items. Bags that are not claimed will be forfeited. Product Inspection; Offer Recalculation. 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. 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. 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. You can sell via online consignment stores, or you can sell it on your own directly to the buyer. In that case items that were bought will be refunded and relisted for sale by Rebag. Processing may take up to 1 business day. Rebag will also remind you of the outstanding new offer one or more times during the New Offer Period. If you're questioning the authenticity of the bags on the site, Rebag outlines the methods its team uses to spot a fake. We view protection of users' privacy as a very important community principle. How much listing agents get paid. We use this information to understand and improve the quality of Rebag's search technology. 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. 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]. If you reject the new offer, Rebag will return the Product to you, against a $10 fee, at the address from which it was originally sent. For more information about each such third party, please refer to the third party's privacy policy. The leather is softer, the structure sturdier, and many of the designs iconic. How do they get away with pricing certain items well above retail even when they're used? That's why it's important to have a team who's able to use historical data and say, 'This is how similar pouches have gone in the past.'". 1. As an Advocate, you are responsible for any and all tax liability resulting from Referral Rewards. You can browse the Services Website without telling Rebag who you are or revealing any personal information about yourself. The seller pays this from the proceeds of the sale. After that, some items go to I:CO, a leading global solutions provider for the collection, sorting, reuse and recycling of unwanted clothing, shoes, and textile-related accessories . These cookies, web beacons and pixel tags do not collect any personal information from your computer, such as your e-mail address. If you shipped your item to us, it will be returned to the address on file with UPS and signature confirmation required. This represents the minimum amount you will receive in Rebag Credit if you exchange this item within the given time period if you item qualifies for Rebag Infinity. Fashionphile's algorithmlooks at a bag's price evolution over time, the quantity listed on the site (or ready to be listed in that moment) and"velocity of sale," as in the number of days a style tends to last on the site before it's sold. 85% of the portion of the selling price above $3,000 will be paid to you. BY SETTING UP AN ACCOUNT, OR BY USING REBAG'S WEBSITE, YOU SIGNIFY THAT YOU AGREE TO THE FOLLOWING TERMS AND CONDITIONS, WHICH MAY BE AMENDED AT ANY TIME BY POSTING THE AMENDED TERMS ON THE REBAG WEBSITE. All our items are one of a kind and sell quickly.
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