A leading luxury resale retailer is giving consumers added reasons to trade, sell and buy on its site and in its stores.
Rebag, which recently completed a $33M in a Series E funding round, is launching a multi-tiered loyalty program that offers various incentives at different levels. The rewards — Bronze, Silver, Gold and Diamond — are based on the amount that a customer trades, sells and/or buys over time. Additionally, members will earn points that can be redeemed toward future purchases.
Members earn one point for every dollar transacted. Points can be redeemed at checkout. Every 1,000 points provide $20 of value towards purchases. Rewards members must have a minimum points balance of 1,000 to redeem. At launch, Rebag will give all customers that qualify for Rebag Rewards 2,500 points or $50 USD to introduce them to the program.
A Rebag Rewards member’s tier and perks are based on lifetime transactions with Rebag and will remain active for members who transact (trade, buy, or sell) at least once in the preceding 12 months.
“We are excited to introduce our first loyalty program which allows us to give back to our customers who have supported Rebag from the start,” said Rebag CEO and Founder Charles Gorra. “Since we began, our vision has been to fuel the circular economy and facilitate a sustainable cycle for luxury goods — our new program is built to support that by rewarding existing and incentivising new resale buyers, sellers, and traders alike.”
