I would only want to take store credit if I would realistically buy something off the BBOS private sale site (basically their retail site vs. their borrowing site) but it doesn't seem like they have much listed - at least not yet. I found just one thing that I would maybe want so I contacted live CS with a bunch of questions.
Here's the info I received:
- they can't hold anything for you even if you're pending a merchandise credit
- you can't purchase something and apply the pending merchandise credit retroactively once it goes through (even if the item is in their hands or you have an offer from them)
- they can't tell you anything about the actual condition of an item except that it has gone through a "rigorous inspection process"
- you can only get a store credit for a return (even if you paid with a credit card)
- most items are put up for sale only after they have gone through the borrowing rotation and enough time has passed where they are in less demand, among other reasons
This information deters me from taking the store credit even though the credit offer is so much more reasonable. I'm afraid to take the store credit only to have the bag I want go out of stock by the time they've processed it. Also, I would have to order the bag without knowing what kind of condition it's in even though the bags they sell are mostly, if not all, previously borrowed (and therefore much used) bags.
I think they should at least retroactively apply credit if you have
pending credit that clears within a certain period of time - say 30 days after purchase - to encourage store credit transactions and increase sales. Doesn't make the best business sense to me.
All this doesn't mean I won't sell to them though - I have and if it goes well, will probably continue to do so. I'll probably just stick to cash and take my chances on Ebay/Bonz for items that got lowball offers.
An update on my pending sale - I got an email saying that my items were received and are being reviewed. So I guess they do send confirmation emails - it just takes some time for them to put it in the system and process it. Hoping to get my check soon!