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9 Places to Sell Designer Bags
Tradesy
Tradesy Summary
- Make money online
- Set your own prices
- Reach buyers interested in designer items
- Free to sign up and list
Tradesy is an online marketplace for fashion items, like bags, shoes, and clothing. Considering that, it’s one of the places you can find buyers for your luxury pre-owned designer handbag.
Its website offers three simple steps to start selling. You can create a listing by adding details, photos, and your asking price. Tradesy also has a mobile app that lets you snap photos and list your handbags in minutes.
After your item sells, Tradesy will send you a prepaid shipping label so you can send the bag to your buyer. When the sale is complete, you have three ways to get your earnings: PayPal, direct debit, or checking account.
Note that Tradesy takes a $7.50 flat commission for items sold at $50 or less. Otherwise, its commission rate is 19.8%.
Depop
Depop Summary
- Receive payments via PayPal
- Ability to chat with the buyers
- No limit to the type of products you can sell
- 100% secure
Depop is a shopping app that lets you sell designer handbags for cash. It has over 30 million users and operates as a subsidiary of the popular eCommerce site, Etsy.
To start selling on Depop, you’ll need to download its app to your smartphone. You can get the app from the Apple App Store or Google Play Store.
From there, you can create a listing for free by:
- Uploading clear and high-quality photos
- Writing an accurate item description
- Choosing the right price
In case you’re not sure how much you can sell your designer bags, you can check similar listings on Depop.
What’s good about listing on Depop is that you don’t have to pay any listing fees. When your product sells, Depop will only take its 10% selling fee.
eBay
eBay Summary
- High user traffic – over 187 million users
- No listing fees for small scale sellers
- Promote your listing from as little as 1%
- Quick processing time for payouts
When it comes to online marketplaces, eBay is quite possibly one of the most popular. This platform with over 180 million users caters mainly to small-scale sellers. As such, it’s one of the places to sell handbags online.
When it comes to that, you can sell all kinds, including luxury pre-owned designer handbags. There’s a market for these specific bags on eBay so you need not worry about finding potential buyers.
Selling on eBay only takes a few steps, including:
- Creating an account and listing your product
- Providing some details about your designer bags
- Uploading photos to entice buyers
eBay lets you set the price and select payment and shipping options. If you’re listing more than 250 items, you’ll need to pay a $0.35 listing fee for each item.
| Number of Products | Listing Fee |
|---|---|
| 200 or less | $0 |
| More than 200 | $0.35 |
After completing the order fulfillment, eBay will send your payment within 2 business days.
The RealReal
The RealReal Summary
- Easy selling process
- Make money online
- Sell items quickly
- Free shipping
The RealReal is a website that caters to consumers of luxury items, such as clothes, handbags, art, and home items. It offers easy ways for you to sell designer handbags from home.
Through its website, you can schedule for them to pick up your handbags if you’re selling at least 10 pieces. Another is by using a prepaid shipping label they will provide. You can also visit a retail location to drop off your items there.
Then, The RealReal will proceed to sell your bag and once it’s sold, you’ll receive your commissions on the 15th of the month. In some cases, you might be eligible to use the Get Paid feature. This lest you get your money even if your bag is not yet sold.
Commission rates depend on your handbag’s value. But, in general, selling them can get you up to 80% commission.
StockX
StockX Summary
- Buy and sell collectibles
- Offers fixed price and auction listing
- Stock authentication process
- Both sellers and buyers are anonymous
StockX is a popular platform for sneakers collectors and sellers. However, it’s also one of the places where you can sell handbags online.
There are 2 ways for you to sell designer bags with StockX:
- The first is by auctioning your handbags. To do this, you’ll need to select the option “Ask” when you create a listing. This allows you to ask for a price you prefer to sell your handbags and let buyers match it or go over it.
- Another option is through “Sell Now”. This feature lets you sell your handbags to the highest bidder. If you’re looking to sell your items ASAP, this option is preferable.
For both options, Stock X charges a 3% payment processing fee when you sell your handbags. There’s also a transaction fee of 10% at most, depending on how much your handbag sells.
Fashionphile
Fashionphile is another online luxury resale platform where you can sell designer handbags for cash.
Fashionphile offers several ways to sell your designer bags:
- Get an online quote
- Schedule an online appointment
- Request pickup if you’re from Southern California
- Drop by one of their stores
For all these options, Fashionphile will make an offer and send you payment after authenticating your bag. However, how soon you get the payment depends on the selling option you choose.
For example, getting a quote through the online form can take up to 3 business days. After that, you’ll need to wait for another 2 to 4 days for the payment.
Meanwhile, choosing the drop-off option at one of their stores lets you sell and receive a payment within the same day.
There are 5 payment options you can choose from:
- Store Credit
- PayPal
- ACH or Direct Deposit
- Wire Transfer
- Neiman Marcus gift card
Rebag
Rebag is one of the places where you can sell designer handbags online. It specifically caters to collectible brands, such as Chanel, Hermes, and Loius Vuitton.
Unlike with Depop where you need to create a product listing, Rebag will buy your bag. To get started, just head to their website and click on the Sell Your Item button.
You’ll need to upload a photo of your bag, making sure to follow the format Rebag needs. Then, Clair, Rebag’s web AI, will make you an offer within three to four days.
By accepting the offer, Rebag will email you a prepaid shipping label.
Suppose you want to sell your designer handbags ASAP. In that case, you can take it to the closest Rebag store in your area. You’ll need to present your ID and within one hour, you’ll get a quote and sell right away.
Vestiaire Collective
Vestiaire Collective is an online resale store, specializing in luxury brands. Like The Luxury Closet, you can sell handbags online by filling out a listing form on the website or app.
You’ll need to provide details and photos of your handbag. Then, Vestiaire Collective will create the listing for you. When it sells, they will provide a prepaid shipping label so you can send the handbags to them.
Vestiaire Collective will check and determine your bag’s authenticity before shipping it to the buyer.
Once the order is fulfilled, you’ll receive the payment within 24 hours through PayPal, and 5 days through bank transfer.
As for fees, Vestiaire Collective charges depending on how much your product is sold. For $80 to $16,500 sales, the selling fee is 12%, with a 3% processing fee.
According to its website, you can get up to 80% back of your handbag’s purchase price.
The Luxury Closet
The Luxury Closet is a Dubai-based online platform that buys and sells new and pre-loved luxury products. How it works for sellers is quite similar to The RealReal.
You’ll need to start by filling out an online form through the website or app. Then, the Luxury Closet will send you a quote within 3 to 5 business. When you accept the offer, they’ll arrange to collect your handbags.
Once The Luxury Closet checks and confirms its authenticity, they’ll list it to their website where buyers can easily purchase it. At that point, you only have to wait for your bags to sell, which can take up to 90 days.
Once your item sells, you can request payment via PayPal or bank transfer. Commissions at The Luxury Closet can get up to 85% if you sell more than $2,000 worth of items.
Do Designer Bags Gain Value?
You can invest in designer bags as these gain value over the years. Like other luxury items, these are about exclusivity. Considering that, having more people afford these items can drive suppliers to increase prices.
Designer bags also gain value for their rarity and timeless designs. Bag collectors are willing to let go of sizable amounts to add new items to their collection.
Which Luxury Bags Have the Best Resale Value?
Luxury bags from Hermès have the best resale value, as you can usually get nearly 85% of their retail prices. The Hermès Birkin handbag, which has a long waiting list, can even sell higher than its purchase price.
Other brands to consider if you’re looking to get the best resale price are Louis Vuitton and Chanel. Louis Vuitton designer bags, like its classic carryall, can get you 80% of its retail value.
Meanwhile, Chanel’s signature handbags prices increase to over 11% last year, due to a surge in demand.
