Rebag launches incentivized digital payment tool 'Rebag Wallet'

By

Jennifer Braun

Published
Dec 8, 2022

Rebag, the digital-first resale platform for designer handbags and accessories, introduced on Wednesday a new incentivized payment tool that centralizes seller payouts, as well as all additional Rebag proceeds. 

The feature is accessible via a new section of a user's online account called 'Wallet'. By looking in their Wallet, clients can determine their total spending power at Rebag, i.e. the dollar amount that can be put towards a purchase.

Accompanying this launch is 'Premium Payouts', a new system that rewards sellers who keep their 'Seller Funds' in their Wallets for one or more months. As part of the rewards system, Seller Funds will automatically increase by 1% per month for up to 12 months. 

Moreover, as an additional incentive, any time a client puts their Seller Funds towards a Rebag purchase they enjoy a 10% spending bonus. These features will allow clients to maximize their spending power at Rebag.  

"We heard the requests from our seller community to find innovative ways to maximize their payouts, especially in the current macroeconomic environment," said CEO and founder, Charles Gorra. 

"We are so excited to pioneer the launch of these ground-breaking tools that not only incentivize our sellers but also promote a more circular economy. In addition to Rebag Wallet, both Premium Payouts and Spending Bonus will enhance brand loyalty by significantly rewarding clients who remain within the Rebag ecosystem long term and reinvest their payouts. We continue to be at the forefront of the intersection of tech and resale, and we hope these new features emphasize to our customers just how much we value them.”

Rebag was founded by Gorra in 2014 and is currently one of the fastest growing retailers in the US. The digitally native company most recently opened a new retail concept at Sawgrass Mills shopping center in Sunrise, Florida. It equally operates retail locations in New York, Los Angeles, and Greenwich.