Terms and Conditions Compared: Rebagg vs Cash In My Bag
Posted on January 09 2017
When you’re selling hundreds, or even thousands of dollars’ worth of designer handbags, you want to get the best possible price. While Rebagg and Cash In My Bag may offer similar payments on many items, it’s important to take a close look at the terms and conditions associated with each.
Note: this is not a legal analysis, and should not be interpreted as legal advice. If you have specific questions about the wording of Terms and Conditions from Rebagg or Cash In My Bag, we recommend you speak with an attorney.
Terms and Conditions Common to Both Companies
Here are some of the similarities you’ll find between the terms and conditions of the two companies:
- Both companies will attempt to offer a fair market value for your used designer handbag. A brief comparison of prices on the sites shows a slightly higher valuation at Cash In My Bag, but your individual results may vary.
- Both sites ask you to comply with all relevant state and federal laws.
- Both companies forbid sending in counterfeit handbags.
- Both companies require you to be of legal age to conduct a financial transaction, although Cash In My Bag asks to work with customers of 21 years of age or older.
- Both companies may ask for verification of personal information, such as identity and address.
- Both companies will provide you with an initial offer based on the pictures and description you send to them.
- Both companies may revise the initial offer once the product is in hand, and their experts have had the opportunity to examine the merchandise.
- The offers from both companies are non-binding; if you do not wish to complete the transaction after receiving the final offer, you are not required to do so and your bag may be returned to you.
Important Differences in Terms and Conditions
You’ve undoubtedly heard the saying, “always read the fine print.” Well, that’s what Terms and Conditions statements are all about: fine print.
Here are some of the differences you’ll see between the two companies:
- Insurance during shipping is a major concern. You might be sending in a bag potentially worth several thousand dollars. Rebagg doesn’t insure inbound packages, and their Terms and Conditions don’t address returned items directly either. If you work with Cash In My Bag, you have the peace of mind knowing that your bag’s value is covered if it’s lost or damaged in transit – in either direction.
- If you decide not to sell the bag after receiving the revised quote, you may be charged a return fee. Rebagg charges a $10 fee to the customer in order to return the bag. Cash In My Bag charges no such fee.
- There may be risks in sending your bag in. Should you decide you don’t want to pay the $10 return fee, or if you don’t pay the return fee within 5 days, ownership of the product defaults to Rebagg. Here again, there is no such risk with Cash In My Bag.
- You may need to make a fast decision. With Cash In My Bag, you have all the time you need to decide whether to accept a revised offer. With Rebagg, if you don’t reply to the revised quote (sent by email) you have automatically accepted the revised quote and will be sent that amount. Acceptance at that point is final, and you can’t rescind or contest it.
- If the company decides the bag is fake, you may not be able to have it returned to you. Rebagg will keep any product it deems to be unauthentic. They will not return any product they believe is a fake under any circumstance. The product will be kept and then destroyed within one month. Cash In My Bag realizes that sometimes consumers may be tricked into buying a fake bag, and allows for the bag’s return. If the preliminary quote was below $1,000, the return fee is $20. If the preliminary quote was over $1,000, the return fee is $50.
- Wear and tear on the item may be an issue. Rebagg states that you should not send any item that has any visible signs of wear. Those signs of wear are, of course, entirely up to the eyes of the inspector. If the inspector decides there are signs of wear, you’ll be required to pay a fee to have the item returned. Cash In My Bag may deal with items that have a certain amount of normal wear, and will not charge a return fee for any item after inspection (except in the case of inauthentic items, as noted above.).
While the Terms and Conditions are similar overall, you can easily see that there are a number of potential risks when using Rebagg over Cash In My Bag. While it doesn’t hurt to send pictures and information to both sites to see what kinds of quotes you might get, do keep in mind that the fine print may come back to haunt you in the end if you choose to deal with someone other than Cash In My Bag.