Reselling all those old designer handbags that are taking up space in your closet is about to get a lot easier.
Rebagg.com, a new platform that buys luxury handbags, is breaking the traditional re-commerce cycle by purchasing items outright, giving sellers cash for their goods immediately instead of waiting until they resell (which can take days, weeks or even months).
"There is currently a lot of waste as too many amazing handbags just sit in closets, idle or unused. Only a fraction of owners currently are in a reselling behavior. Rebagg was created to make it seamless for them to execute a sale and therefore increase the available pool of high-end, pre-owned luxury handbags," Rebagg CEO Charles Gorra told us.
All a seller has to do is visit Rebagg.com and select the brand, model, style and size of the handbag they want to sell. From there, they will be given a price quote. Rebagg accepts most luxury handbag brands (Chanel, Louis Vuitton, etc.) that are in good condition.
"It is very important if possible to keep all the tags, accessories, authenticity cards, dustbags as they will increase the resale value," Gorra told us.
"Some of our favorite items include Chanel Classic Flap and Boy bags, Céline Phantom, Trapeze and Luggage, Louis Vuitton Speedy, Alma and Neverfull and Hermès Birkin and Kelly."
Rebagg offers free valet pickup for sellers in New York City and a complimentary prepaid shipping box to those elsewhere in the U.S.
"Online marketplaces are moving towards end-to-end experiences, where the site provides a full-service, turnkey experience. Rebagg is a great example of that new philosophy. Sellers don't do any work — Rebagg does everything for them. Why would you not use it: it's hassle-free, quick and you earn money," investor Fabrice Grinda told us.
Rebagg is a sell-only platform, so you won't be able to buy anything on the site because it instead resells everything through a deep proprietary network of partners. The site also has a unique partnership program in which it commissions third parties on a freelance basis in order to source merchandise.
Check out Rebagg for yourself and let us know what you think of it in the comment section below.