"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. Please note it is required to present a valid form of government-issued identification. (Insert metaphor about life here. 85% of the portion of the selling price above $3,000 will be paid to you. 5.37%. 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 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 . These trusted partners include companies with which Rebag may operate co-branded websites or web-pages to expand their services using Rebags Services. Is it safe to sell to Rebag? Any incentive payout is not insured by the Federal Deposit Insurance Corporation (FDIC). Access your favorite topics in a personalized feed while you're on the go. What designers does Rebag accept? WE MAKE NO REPRESENTATIONS THAT YOUR TRANSACTIONS WITH REBAG WILL MEET YOUR REQUIREMENTS. "We call Hermes the unicorn, it projects over 80% of the resale value," Charles Gorra, the founder of Rebag . Listing agents don't receive a dime unless your home gets sold. However, you will not be able to exchange it for Rebag Infinity pricing beyond 12 months after purchase date. It is your responsibility to check or review these Terms from time to time to keep informed of any changes. After multiple years of operation, we have accumulated an extensive proprietary database that enables us to provide competitive offers. 3. eBay. As Daniel Lee's designs began hitting the market, it lifted the resale value of all of Bottega Veneta bags, old and new. Indemnity. If returns are your goal, you also want to sell at the right time trends don't last forever. You must comply with all up-to-date "SPAM" laws. Rebag founder and CEO Charles Gorra shares the best styles to invest in right now. Rebag only accepts fully authentic Products. Final Value Fees: Final value fees are charged only once an item sells. --. These other sites may place their own cookies on your computer, collect data or solicit personal information. After graduating from Colgate University with a degree in Creative Writing and Political Science, Remi joined Business Insider to help readers find the best products worth buying. If it does, the typical agent commission is 6% of the price of your home (which is typically . June 16, 2022; Posted by usa volleyball national qualifiers 2022; 16 . That means if you had one in decent condition, you could actually sell it at a profit. 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. Once your Rebag Credit is issued, we will email you a unique code. In case of cancellation by Rebag, return assurance fees of $10 per Order still apply. The Product will be retained by Rebag and destroyed within one month. Any unclaimed referral rewards will be forfeited at that time. On the sold product listing, click on Set Back in Stock Alert ,. Rebag also has an app, which you can download on your smartphone to speed up the buying or selling process or to just browse the beautifully curated selection whenever. The 2000s resurgence has carried the Dior Saddle Bag, Fendi Baguette, Louis Vuitton Pochette, Prada Tessuto and Balenciaga City bag out of obscurity and back into the zeitgeist. We will perform routine, regular sanitation throughout our stores. $640. If there is a Return Circumstance, title shall not pass and shall remain with you. Shop Louis Vuitton handbags, jewelry & accessories online at rebag.com. When you use the Rebag Web Sites and the Rebag Services, we collect information about you. Rebag Gift Cards must be obtained from Rebag and you are responsible for safeguarding your Rebag Gift Card from unauthorized use. You can keep it for as long as you want, its yours! If you request a prepaid shipping box, a shipping box including a label, invoice, and packing supplies will be shipped to the mailing address associated with your account. If we cant provide you an instant offer, you can always submit images and we'll provide an offer in 1-2 business days. You are limited to one Qualified Referral for each Referred Customer; in other words, additional/repeat purchases made by a Referred Customer are not counted as additional Qualified Referrals. Any Product deemed not authentic by Rebag or with condition that has been misportrayed will only be returned to you against a $10 fee. Rebag, the authority on buying, selling and trading luxury goods, is currently one of the fastest growing retailers in the US and has established itself as a leader in the luxury re-commerce space. So when someone enters information like brand, style, size, color, material and condition, a price is automatically generated. Rebag may present links in a format that enables us to understand whether they have been followed. Jun 18, 2017. We accept major credit and debit cards: Only one credit card may be used per purchase. Offsite Ads. 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. There are pros and cons to each method. Our model gets smarter over time as more people share salaries on Glassdoor. Our vetting process must be completed before payment can be issued. "With the Balenciaga City, it's probably still okay to be buying it now. We understand that individuals with varying disabilities may seek information on our website, and it is our goal to provide such individuals access to the content, features and functionality available through our website. Yet, for many, the appeal of luxury handbags is undeniable. 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. You can delete your Rebag registered account by requesting an account deletion via email to [emailprotected]. Risk-Of-Loss. Every item undergoes a multilayered evaluation by authentication experts before we proceed with payment. FAN-FAVORITE TABBY BAGS ARE BACK. Product Valuation. Details of the current tiers and program can be found at rebag.com/rewards. This policy does not apply to the practices of companies that Rebag does not own or control or to people that Rebag does not employ or manage. All of our store staff will be equipped with mandatory PPE. Items made of exotic materials cannot be shipped outside the US. Please note: U.S. trade sanctions administered by the Office of Foreign Assets Control (OFAC) generally prohibit the importation into the United States (including U.S. territories), either directly or indirectly, of most goods, technology, or services (except information and informational materials) from, or which originated from Cuba, Iran, Iraq, Libya, North Korea, Serbia, or Sudan; from foreign persons designated by the Secretary of State as having promoted the proliferation of weapons of mass destruction; named Foreign Terrorist Organizations; designated terrorists and narcotics traffickers. All shipments are tracked, insured, and require signature confirmation upon delivery. We are open 7 days a week including most holidays, with the exception of December 25 and January 1. The maximum Qualified Referrals earned per calendar year may be no more than 50 Qualified Referrals. The first and most popular route is to submit your item for a quote, online. If you do not pay the $10 return fee, the Product will remain the property of Rebag. International shipping will take approximately 6-9 business days to arrive once shipped. NEW IN: 125+ RECYCLED & REIMAGINED STYLES. If it is not in your account, please submit your photos again and confirm your email address is correct. Terms and conditions modifying the Agreement are effective immediately upon posting. People love luxury handbags, but for many, the price is a huge obstacle. The leather is softer, the structure sturdier, and many of the designs iconic. Certificates of authenticity are provided solely by Rebag. You get 70% of the sale price for handbags priced over $3,000. Where to sell your pre-owned designer handbag. There are ten-day auctions with a price of 40 cents. Rebag will inspect all Products that are received. 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"). Thus, if you're selling a product that's, say, worth $200, that cuts your take by $40. We also accept payment through PayPal, Affirm, and Rebag Credit. You can shop the site by collection, price, brand, color, and more. 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. These Program Terms and Conditions apply to the Rebag Rewards Membership program. Every item undergoes an multilayered evaluation by authentication experts before it is Rebag-approved and listed for sale. Our experts have multi year experience in luxury fashion and in the brands carried by Rebag. The above definitions are broad guidelines. The various tiers of membership in the Program are explained on Rebag.com. If you do not agree to the changes, you may discontinue using the Rebag Websites and/or the Rebag Services. This tool calculates its exact value The resale market is valued at $24 billionmore than the entire fast-fashion sectorand resale startups are. This product will be added to your favorites and you will receive an email the next time a similar item becomes available. 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. Otherwise, the changed offer will be re-issued, which you may accept or reject. About These Terms. Price also has to reflect an individual item's condition. If you purchase an item and it is proven to be inauthentic by a verified authenticator, Rebag will honor a full refund upon return of the bag. By continuing to use the Services, or using the Rebag Website, after updates are posted and effective you are confirming that you have read and understood the latest version of the Privacy Policy. 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. 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. No waiver by Rebag of any breach or default hereunder shall be deemed to be a waiver of any preceding or subsequent breach or default. They are extremely knowledgeable and will find out counterfeits. All domestic packages are shipped with UPS and signature confirmation is required. 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. You may request for us to remove signature tracking, but Rebag cannot be held responsible for the package if it is not successfully delivered. All our items are one of a kind and sell quickly. Rebag Infinity is available on our website, www.rebag.com, mobile app or in person at one of our store locations. Of course, there's more to a bag's resale value than its most obvious features. Rebag's Refer-a-Friend Program cannot be used by businesses for affiliate lead generation as determined in Rebags sole discretion. In particular they need to be located in the US at the time of the exchange. -The Offsite Ad fee will never exceed $100 for an order, regardless of the order total. "Our customers are very sophisticated," explains Sarah Davis, founder and president of Fashionphile, which focuses on accessories from big luxury houses. Email us at reviews@businessinsider.com. Correction of Errors and Inaccuracies. For more information about each such third party, please refer to the third party's privacy policy. If we are unable to purchase your items , we will notify you by email, and you can pick them up at your earliest convenience. darian kinnard knoxville; ginger and caffeine interaction; oklahoma state university college of education faculty; british airways flight 9 documentary 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.'". Title to the applicable Product passes to Rebag upon Rebags acceptance of the Product for the original offer or the new offer, as applicable. Bring your item to one of our stores, and we will provide an offer, complete our vetting process, and issue payment in under an hour. 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. You are responsible for ensuring that you can receive emails from Rebag, and Rebag is not responsible for any emails that were not received by you because they were blocked or filtered as spam. All of this contributes to the prices you see on resale sites, and the very different prices you might see just a few months later. Rebag was featured in Fast Company, Vogue, WWD, Harper's Bazaar and the New York Times. 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). Rebag Gift Cards can only be redeemed on the Rebag website and apps. Open any offer you would like to review and click/tap Accept. I would imagine in three-to-six months it will be a lot more expensive, but if you were looking a year ago, you would've gotten a steal.". When one thousand dollars can pay your rent and then some, it can seem excessive to drop that money on a single purse. That does not include the cost of labor in most cases. If you do not accept Rebags offer, the specific transaction expires. All amended terms automatically take effect 30 days after they are initially posted on the Services, unless that amendment states otherwise. If you choose Rebag Credit, an additional 15% will be added to your quoted price. Rebag, which lets customers buy and sell used, high-end handbags, introduced Clair last month. Therefore, although we work very hard to protect your privacy, we do not promise, and you should not expect, that your personal information or private communications will always remain private. 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. When you stumble upon a bag you love, you'll a great deal of information on everything from the model to the condition it's in, so you won't be surprised by any unexpected scratches or wear and tear. If you have Rebag Credit, provide your code to a store associate at checkout and the amount will be deducted from your total. After we have confirmed your request via email, we will remove access to your personal information from our user database. You may add one additional form of payment to complete your purchase. This $10 return assurance fee will be netted from any payment due by Rebag to the seller. 2.35% on the portion of the sale over $7,500. Good. How to Use Clair by Rebag: Get a Price Offer for Your Bags & Accessories Watch on It's as easy as 1-2-3. She brings up 2017's Louis Vuitton x Supreme collaboration. 1. In this event, Rebag will post a notice on its website before information about you is transferred and becomes subject to a different privacy policy. 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. You are here: Home. but you can also get them consigned at a percentage, from 5% for cheap items to as much as 80% for goods that cost more than $300. The current national average for total commission is 5.37%. The single biggest cost to sell your house is agent commissions, which tend to be between 5-6% of the sale price. As such, Rebag reserves the right, at any time prior to payment, to: (a) Correct an error. Once you have agreed to our offers and we received your items, we are unable to send them back to you. You must provide us with the email address of the registered account. After we receive your items , our vetting process takes 2-3 business days. It takes 1 business day for a purchase to be processed before shipment. Condition definitions are subject to change at Rebag's discretion. You can use several Rebag Credit codes in the same purchase. 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]. You are responsible for any damages that may occur to your Product while in transit. As that number trends downward, the computer knows to automatically raise the price meaning the offer to sellers goes up, as does the listing price, which is typically around 30% higher. $ 0 to $1,500 in sales, the realreal takes 45%. If the Product was already sent to Rebag, Rebag will be deemed to have rejected the Product resulting in a Return Circumstance. Courtesy of Brand. Unless already accepted by the customer, all offers by Rebag automatically expire five (5) days following the date that they were issued. 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 If you object to your information being transferred or used in this way please do not use our Website or services. 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. Once you submit information about yourself to us, you are not anonymous to us. Rebags designer page offers a complete list of luxury brands that we buy and sell. All you have to do is take pictures of the bag from all angles, uploading them to the site and making note of any spots, scratches, stains etc. * Start a trade The website offers a wide selection of coupons, promo codes, and discount deals that are updated regularly, just visit the website to find the perfect one for you. Accessibility Policy. Payment is usually reflected in your account the next business day. If they're luxury items, expect a 90% payout instead. They take another 50% commission on the remaining $160 sales price. 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. Rebag reserves the right at any time to temporarily or permanently remove accounts. The stakes are particularly high for sites like Fashionphile and Rebag thatpay sellers upfront, as opposed to those operating on a consignment or peer-to-peer model. When you use the Services, you provide information to us. 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. Companies like Rebag and Fashionphile use a combination of artificial and human intelligence to price items in a category that's always changing. Rebag may, in its sole discretion, alter, limit, or modify the tier rules, regulations, benefits, eligibility for membership, or any other feature of a particular tier or may terminate a particular tier at any time in its sole discretion, without prior notice except as expressly set out in these Terms or required by applicable law. If the items are not dropped off or in-transit within 7 days of placing your Trade order, Rebag has the right to cancel the full Trade order. Each web site can send its own cookie to your browser. In that case items that were bought will be refunded and relisted for sale by Rebag. Rebag Gift Card purchased on Rebag cannot be purchased using existing Rebag Credit, cannot be purchased at a discount, and cannot be paid with payment methods other than approved Credit Cards and PayPal. Rebag will give you a period of five (5) days after Rebag presents you with are calculated offer via email at the address you provided to accept or reject the new offer (the "New Offer Period"). We may amend this Privacy Policy at any time by posting the amended terms on this site. Rebag may, in its sole discretion, suspend, cancel or combine Rebag accounts that appear to be duplicative. If you like Rebag you might find our coupon codes for Scrapbook, Village Wax Melts and Nuts.com useful. All shipments and pick-ups facilitated by Rebag are tracked and insured. So you get $80 for your $200 product. 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 . Shop thousands of one-of-a-kind items from 50+ designer brands, such as Chanel, Gucci, Hermes, Louis Vuitton and more through our mobile app, online at Rebag.com, or in store. 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. You can easily do that by going to your account and finding your purchase or by going to Sell Now and then clicking Previous Purchases. Processing may take up to 1 business day. For the avoidance of doubt, in such event, risk of loss will be transferred to you once Rebag delivers the package to the carrier for return to you and you will bear the risk-of-loss while the Product is in transit. Rebag will return the goods to the customer should they have already been shipped. Only one credit card may be used per purchase. Rebag Infinity. So, start collecting your infinite closet now with Rebag, and refresh it when you need to. Complaints andFeedbackaboutRebag Does Rebag sell authentic bags? Rebag's 2021 Clair Report shows new Bottega Veneta styles retaining much of their retail value. To learn more about this behavioral advertising practice in general and the options that you have, including your option or to opt-out of this type of advertising, you can visit www.networkadvertising.org. Social media plug-ins of social networks such as Facebook, Twitter, LinkedIn, Yahoo, Windows and Google plus (among others) are integrated on Rebags website. You can also sign up for our newsletter to be the first to know about new products and receive exclusive email offers, product alerts, handbag inspiration and more. If there is a dispute between you and Rebag, Rebag will have no obligation to pay any payout or other amounts due to you, including without limitation, amounts unrelated to the dispute, unless and until the dispute is resolved.