I understand what you mean, but I would not be suspicious. it’s all upfront, and they are very reputable. It might not be the right thing for all who want to sell their bags, but a great proposition to some, just a matter of choice.
Farfetch is a very reliable company, that’s why I was pleased to see the announcement. I’m happy with my current resale method but would be glad to have this one too! I’ve made dozens of purchases and had good deals and excellent customer service from Farfetch, with no quibbles about any returns for any reasons. I use it as one of my main trusted shops along with Net-a-Porter, Matches and MyTheresa. Purchase prices can vary because of the individual boutique pricing involved, meaning that sometimes you can get really good deals, and on the other hand a boutique will sometimes ask a higher price for the last piece of a currently coveted item, but as long as you’re aware of that, which is all open on their site, and which most people who shop there know, it’s all good.
Getting into the resale market has to be a good business proposition for them after all, and given the growing pressure on the fashion industry to become more sustainable, no doubt this will be one of the earliest of many business expanding this way for business, image and possibly even genuine ethical considerations (whether it will truly be good for the planet is another question altogether and one for the global analysts!).
Credit with Farfetch works for me if the rest is good. I like to resell online, and don’t want to bother with local physical stores or anything like that. If they make fair valuations, quote upfront before collecting a bag from me, if they have good authentication control and fair processes if an item gets rejected at the quality control process (both of which I’d expect from my experience of their culture of customer service), if the credit doesn’t expire, and if you are like me and purchase a lot at Farfetch, it’s looking like a nice alternative option
. All subject to how it turns out to work in practice.
I don’t have any bags I want to sell right now and they are not taking other items so far, so I can’t test the water, unfortunately. I’ll post my experience here if I do. Will be watching this thread and elsewhere to see if anyone else tries it out, hope they post!