Rebag, Newegg Join Growing List of Retailers Launching Membership Programs
Membership programs are quickly becoming 2024’s hottest accessory, whether you’re a luxury resale platform or an electronics ecommerce site. Online marketplaces Rebag and Newegg have joined the growing roster of retailers launching membership programs.
This year alone, the list of retailers that have launched or beefed up their loyalty and membership programs includes Albertsons, Carter’s, PetSmart, Target, Sunglass Hut, Staples, Lowe’s, Ulta Beauty and CVS.
Rebag+ Membership Operates as Installment Purchase Plan
The new Rebag+ membership program offers a unique approach to luxury resale, allowing customers to use their membership contributions toward a purchase in what the company described as a “fund now, buy later” scheme.
To join, members must contribute a minimum of $50 per month or $500 per year, but all of those contributions are fully converted to R+ Credit, which can be used to buy products at Rebag. Whether a user chooses to contribute monthly or yearly, Rebag adds a 2% monthly R+ Bonus to member contributions, generating up to 27% more to spend at Rebag within 12 months.
Rebag+ members also receive 10% lower prices on all items, access to weekly new arrivals and sales, free shipping and returns and up to 5% higher payouts when selling products. Members can also skip their monthly contribution whenever they need to, as well as cancel or request a refund of their R+ Credit at any time.
“We are thrilled to introduce Rebag+ as a testament to our commitment to providing the ultimate luxury resale experience,” said Charles Gorra, CEO and Founder of Rebag in a statement. “By allowing our customers to fund now, buy later, we continue to invest in customer relationships and set new standards in the industry.”
Newegg+ Offers an Enhanced Shopping Experience for Free
Computer and consumer electronics marketplace Newegg has launched its new free membership program, Newegg+, and is kicking it off with a members-only sale through April 28, 2024.
To join Newegg+, customers need to create an account or sign in to their Newegg account and then choose to enroll in Newegg+. Members will then receive free shipping on over 1 million products, early access to new products, members-only deals on top of regular promotions, discounts on product warranties, advanced processing on qualifying returns and dedicated customer service.
“Joining most retail membership clubs requires a large financial commitment that really detracts from the excitement of joining the program and the potential savings,” said Kidd Liu, Senior Director of Business Systems Development at Newegg in a statement. “Newegg+ is designed to help customers shop Newegg easier from day one with outstanding free benefits.”
