The Realreal Temporary Closure (2024)

FAQs

Does the real real pay you upfront? ›

When you trade your items, you will receive payment upfront (within two weeks) in the form of The RealReal site credit. When you sell your items, you will receive payment upfront (within two weeks) by direct deposit.

The RealReal. Commission payments are issued on the 15th of each month.

Commissions and fees

The site imposes a staggered commission schedule, paying sellers between 20% and 85% of the sales price. In other words, to sell here, you'll pay The Real Real between 80% and 15% of your item's value simply to sell it on your behalf.

The RealReal was founded in 2011 by Julie Wainwright, an e-commerce entrepreneur.

(iii) If an Accepted Item has not been Sold by the end of the Consignment Period, We will contact You and, at Your option and Our expense: (A) return the Accepted Item to You, in accordance with the terms of the Return Policy, or (B) re-purpose or donate the item to a charity of Our choice.

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 hundreds of in-house gemologists, horologists and brand authenticators who inspect thousands of items each day.

Like many of its competitors in the luxury online consignment sector, the California-based market leader has been struggling since 2020. To help make ends meet, The RealReal has put part of its Los Angeles offices up for sale.

Yes. Once an Affiliate hits $600 in earnings for a calendar year, we are required by the IRS to report that income via a 1099 form. We will collect your tax information before making your first payment.

Pay for your next purchase at The RealReal in 4 installments over 6 weeks when you check out with Zip.

The RealReal (“TRR”) is committed to the highest standards of social and environmental responsibility and ethical conduct.

What is the best resale website? ›

To return eligible items, you must request a return within 14 days of in-store purchase or original shipment date, and return the item(s) within 21 days of in-store purchase or original shipment date. Items received after 21 days may be eligible for consignment (excluding beauty).

In April 2020, luxury consignment retailer The RealReal announced significant workforce adjustments in response to the COVID-19 pandemic. The company, which has been public for just under a year, laid off 10% of its workforce and furloughed 15% of employees across various departments.

Wainwright said the company was making progress on its path to profitability and she felt it was the right time to find the next generation of leadership for the company.

The RealReal is a luxury fashion reseller, meaning that all of the products are considered second-hand, having been owned by another consumer before arriving at The RealReal.

The average The RealReal salary ranges from approximately $26,000 per year for Barista to $181,000 per year for Director. Average The RealReal hourly pay ranges from approximately $20.95 per hour for Retail Sales Associate to $27.95 per hour for Order Picker.

The RealReal Pay in 4: A New Era of Finance For You

Sezzle ushers in a new era of finance, merging convenience, flexibility, and financial control. Opting for The RealReal pay in 4 or installment payments means embracing a modern financial management approach tailored to today's digital shopper's needs.

Customer Trust: Overall, Fashionphile is perceived as more trustworthy due to fewer issues with counterfeit items. Authentication Process: Fashionphile's authentication is deemed stricter compared to The RealReal, which has faced scrutiny and complaints over lax practices.

We allow you to hold items in your cart for 20 minutes so you can consider your purchase and continue shopping.