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Do you have a second-hand luxury bag and are thinking of selling it on Farfetch? Before making a decision, it’s important to understand how the payment works on this platform and why Kewaybags might be a better option if you prefer to get cash.
Farfetch offers a program called Second Life, which allows you to sell second-hand luxury bags. But how do they pay? Here’s the key: Farfetch does not pay in cash. Instead, you receive Farfetch credit or internal currency, which can only be spent on their platform.
When you sell your bag, Farfetch compensates you with credit that you can use for future purchases. However, it’s important to note that Farfetch prices are usually higher than the second-hand market average. This means that if you choose to use your credit on the platform, you’ll be paying a significant markup. So, consider carefully if this option truly suits you.
Depending on your membership level, you may receive an additional 10% or 15% in credit. However, it is still an exclusive currency for the platform, which limits its use and forces you to make purchases at higher-than-usual prices in the second-hand market.
If you’re in Spain, Italy, or any other European country, Farfetch does not offer cash payments for second-hand luxury bags. So, if you’re looking for liquidity, this platform might not be the best option.
At Kewaybags, we understand that sometimes you prefer to receive money directly and spend it however you want. That’s why when you sell a luxury bag with us, we pay you in cash or via bank transfer. This is an ideal option if:
With cash, you decide when and where to spend.
At Kewaybags, we offer a fair and no-commitment appraisal so you always get the real value of your bag.
Invest in second-hand bags at prices more aligned with the market, without Farfetch’s markup. We invite you to compare our prices with theirs, and you’ll see the difference, especially when it comes to luxury bags, which is our specialty.
At Kewaybags, we also offer the option to assist you in person at our physical locations in Barcelona, Madrid, Puerto Banús, and Rome. This gives you the opportunity to receive in-person appraisal and advice from luxury bag experts who will be happy to help you. And soon, we’ll be in more locations to be even closer to you!
Both platforms have their advantages, but if your goal is to sell a second-hand luxury bag and get money that you can use immediately, Kewaybags is the more flexible and convenient option. Additionally, at Kewaybags, you can find great opportunities to buy bags from brands like Louis Vuitton, Chanel, Hermès, and more, with the assurance that each piece has been authenticated and reviewed.
In summary, if you prefer to receive credit on a fashion platform to continue shopping for luxury items, Farfetch could be an option, though with higher prices in the second-hand market. But if you’re looking for liquidity and the freedom to use your money as you wish, at fairer prices, we invite you to explore Kewaybags.
Kewaybags is here to offer you the flexibility and transparency you need when selling your second-hand luxury bags. Ready to sell or buy? Visit us at kewaybags.com and discover the difference.
Do you have any questions? Are you interested in any of our second-hand designer bags? Do you want to sell us your bag? Contact us without obligation, we will assist you as soon as possible.
