What percentage does The RealReal take?
The site’s “terms and conditions” stipulate that Real Real can discount anything placed for sale on the site by 20% — immediately. Thus, if you’re selling a product that’s, say, worth $200, that cuts your take by $40. They take another 50% commission on the remaining $160 sales price.
Is there tax on The RealReal?
SALES TAX. The RealReal has a fiduciary responsibility and is obligated by law to collect sales tax on orders shipped to U.S. jurisdictions that charge sales tax.
How do I get my stuff back from the real?
HOW TO REQUEST A RETURN ONLINE
- Go to your My Purchases page and click the order number that contains the item(s) you would like to return.
- In your selected Order Summary, click Return next to all items you would like to return.
Do you have to pay duties on The RealReal?
Some things to note before shopping your little heart out: the RealReal applies a shipping fee of approximately $45 CAD to Canadian orders and duties are paid upon arrival (which can be a lot).
How much commission does The RealReal pay?
For items $1,500 or less, The RealReal offers a 55% commission, for example, while it pays up to 80% on fine watches. ThredUp’s overall commission structure is also tiered, but in smaller increments with different prices for women’s and children’s clothing.
Is The RealReal worth it?
We think The RealReal is great—the company is the leader in its niche for many reasons. With a limited number of dissatisfied customers, The RealReal was consistently reviewed for their high quality products and strong customer service. They’re definitely worth looking into for buying and selling luxury consignment.
Does The RealReal send 1099?
You need to send 1099’s to the people whose work you sold IF you sold more than $600.00 for that person in the year. It would be a 1099-Misc. If you did not sell more than $600 for that person, then you do not need to send a 1099-Misc.
How does The RealReal pay you?
You can receive payment by direct deposit, site credit (+5%) or check after your item sells. Commission payments are issued on the 15th of each month, following the month in which items were sold. When you choose Get Paid Now, you receive payment by direct deposit within two weeks.
What currency is The RealReal?
Your store credits will be issued in USD. However, if you choose to purchase your order in an International currency and would like to use your site credit, we will convert your USD store credit to the currency you choose, applying that day’s exchange rate.
Does The RealReal pay upfront?
Our sell upfront program allows you to sell select watches, fine jewelry, handbags and sneakers, and get paid upfront, without waiting for your items to sell. You can choose payment in cash or site credit (+10%), which you will receive within two weeks.
