Now The Real Real Can Pay You in Neiman Marcus Credit

July 22, 2015

By Kris­ten Philipkoski

Lux­ury online and mobile reseller The Real Realannounced today that it has part­nered with Neiman Mar­cus: Now when you sell that once-​​loved Celine bag, you can turn around and use Neiman Mar­cus credit to buy one that’s cur­rently loved. And when you choose the credit option, you get an extra 10% added onto your amount.

The Real Real spe­cial­izes in authen­ti­cat­ing lux­ury goods, then pho­tograph­ing the items and putting them up for sale on their web­site. When an item sells, the seller keeps between 60% and 70% of the sale price.

We learned that over 40% of our consignor-​​base was inter­ested in receiv­ing their pay­ment in the form of gift cards to their favorite lux­ury retail­ers. We’re thrilled that our first lux­ury retail part­ner for this pro­gram is Neiman Mar­cus who enabled us to imme­di­ately offer this ser­vice to our con­signors,” said The Real­Real founder and CEO Julie Wain­wright in a statement.

To read the full arti­cle, visit Forbes.