How much does The RealReal give you?
How much can consigners earn? As far as commissions are concerned, The RealReal uses a tiered structure where commissions vary based on the type of items being sold, and the dollar amount of net sales. For items $1,500 or less, The RealReal offers a 55% commission, for example, while it pays up to 85% on fine watches.
Does The RealReal guarantee authenticity?
we get it right an extraordinarily high percentage of the time and we have an authenticity guarantee, allowing our customers to buy with confidence we make it right, as we did in this case by issuing a full refund to the buyer.” After receiving that statement, I asked The RealReal how the number of authentications …
What is The RealReal company?
The RealReal, Inc. is an online and brick-and-mortar marketplace for authenticated luxury consignment. Based on the circular economy, The RealReal sells consigned clothing, fine jewelry, watches, fine art and home decor.
Is The RealReal used?
The RealReal is an online luxury consignment store that used to differentiate itself by saying everything is 100% real. The CEO has said there are “no fakes on our site” and “every single item [is] authenticated.”
Does The RealReal pay you right away?
You can receive payment by direct deposit, site credit (+5%) or check after your item sells. Commission payments are issued on the 15th of each month, following the month in which items were sold. For example, for items sold in January you would be paid on February 15th.
What percentage does FASHIONPHILE take?
What are FASHIONPHILE’s consignment fees? Our base fee is only 30% of the selling price (you keep 70%), but for bags selling for over $3,000 the tiered fee structure drops to only 15% (you keep 85% of the portion of the selling price above $3,000). Consignments are a minimum term of 90 days.
How does The RealReal verify authenticity?
About The RealReal Inc. With a rigorous authentication process overseen by experts, The RealReal provides a safe and reliable platform for consumers to buy and sell their luxury items. We have 100+ in-house gemologists, horologists and brand authenticators who inspect thousands of items each day.
Do you have to pay duties on The RealReal?
I know that TheRealReal does not cover any duties outside the US, and my friend had to pay high fees when she shipped them to Canada direct. To my fellow Canadians, I would highly recommend sending them to a US location if you can.
Who owns RealReal?
As founder and chief executive of The RealReal , Julie Wainwright has created one of the most successful online luxury consignment sites. With $288 million in funding raised, Wainwright believes The RealReal will become a billion dollar business in the next few years.
Where is The RealReal based?
The RealReal, a San Francisco-based online luxury consignment retailer, just opened its first brick-and-mortar store in the city on Wednesday. The company focuses on the resale of items from luxury brands like Louis Vuitton, Supreme, and Gucci. The RealReal was the first resale company to go public in July 2019.
How does The RealReal authenticate?
The members of The RealReal’s authentication team receive authentication training from experts as well as daily training updates to stay ahead of the latest developments of brands and counterfeiters.
How long does The RealReal take to sell?
Sign up to receive a one-time code and drop-off items to sell with The RealReal at your convenience. Once we receive your items, they will be authenticated, photographed, priced and included in your profile under My Sales. This process usually takes between 10-15 days.
How quickly do items sell on The RealReal?
Pricing. Skoda explains, “We aim to be fully transparent regarding the item’s resale value. It is in both of our interests to sell at the highest possible price within 30 days to ensure the consignors are getting paid as soon as possible. Our pricings are based on algorithms, item type, age, condition.”
Is it worth it to sell on FASHIONPHILE?
If you have designer items to sell and don’t want to take the time to negotiate with individual consumers, Fashionphile is a good bet. However, if you’re willing to take your time with the sale, you’re likely to do better with Poshmark.
Does FASHIONPHILE pay you right away?
Once your item(s) have completed processing you will receive an “It’s PayDay” email with your payment details. The “It’s Payday!” email signals that FASHIONPHILE has processed your payment. It is typical for items to be paid individually, even if shipped together.
Who owns The RealReal?
Where is the real real headquarters?
San Francisco, CAThe RealReal / Headquarters
Who is CEO of the real real?
Julie WainwrightThe RealReal / CEO