A leading luxury resale retailer is making it easier for sellers on its platform to collect and track payments.
Rebag is introducing Rebag Wallet, a tool that centralizes seller payouts, known as Seller Funds, as well as any additional Rebag proceeds. The company is also launching Premium Payouts, a new offering designed to reward sellers who keep Seller Funds in their Rebag Wallets for one or more months.
Once Rebag fully processes a seller transaction, Seller Funds, along with any available credit or rewards points will be stored in a new section of a user’s online account called Wallet. By looking in their Wallet, users can determine the dollar amount available to be put towards a purchase.
“We heard the requests from our seller community to find innovative ways to maximise their payouts, especially in the current macroeconomic environment,” said Rebag CEO & Founder Charles Gorra. “We are so excited to pioneer the launch of these ground-breaking tools that not only incentivise 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 emphasise to our customers just how much we value them.”
