Worthy Reviews
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Worthy Customer’s Q&A
Worthy Features and Benefits
Worthy.com is an online jewelry auction site that offers several key features and benefits:
- User-friendly: The platform is designed to be easy to navigate, making it simple for sellers to understand and use.
- Auction-based system: This allows sellers to potentially get a high bid due to the competitive nature of the auction platform.
- Complimentary services: Worthy offers complimentary cleaning and photography of your jewelry.
- Excellent customer service: Available through phone or chat to assist users.
- Transparent process: The selling process is straightforward and transparent, providing sellers with an initial estimate of their item's potential value.
These features make Worthy.com an excellent option for those looking to sell their fine jewelry or diamonds. It's important to note that while the platform aims to simplify the selling process, it can take approximately two weeks to sell your jewelry with Worthy. So, it may not be the best option for those in need of fast cash. Always ensure to understand the platform's fee structure before proceeding. Happy selling!
Worthy Pricing
Worthy Pricing Structure
Worthy's pricing is primarily based on a commission model, which varies according to the final sale price of the jewelry. Here are the key details:
Commission Rates
- Up to $5,000: 18% commission
- $5,001 - $15,000: 14% commission
- $15,001 - $30,000: 12% commission
- Above $30,000: 10% commission
Additional Information
- There are no upfront costs for sellers; fees are only applicable upon a successful auction.
- Worthy also provides a recommended reserve price, which is the minimum amount a seller is willing to accept during the auction.
This pricing structure ensures that sellers are only charged when their items sell, aligning Worthy's interests with those of the sellers.
Payment Method
Worthy Payment Methods
Worthy offers a variety of payment methods for sellers to receive funds after auction sales. The available options include:
Payment Options
- Bank Transfer (ACH)
- Check
- PayPal
Important Payment Details
- PayPal is not available for transactions exceeding $5,000.
- Payment processing times vary by method:
- PayPal: Same-day processing
- Bank Transfer: 1-3 business days
- Check: 1-10 business days
These methods ensure that sellers have flexibility and security when receiving their payments from successful auctions.
Worthy FAQs
Worthy Return Policy?
Worthy Return Policy Overview
Worthy's return policy is structured to prioritize customer satisfaction while ensuring security and efficiency in the process. Here are the key points regarding returns:
Return Processing Time
- The standard processing time for returns is 7-10 U.S. business days.
Eligible Return Territory
- Returns are only accepted from the 50 U.S. states and the District of Columbia. Worthy does not ship to P.O. boxes, U.S. territories, or international locations.
Shipping Costs
- Worthy covers all shipping costs related to returns, ensuring that sellers do not incur any fees.
Return Conditions
- Items must be shipped back within 14 days of receiving the return label.
- Items can be returned if they do not meet the seller's reserve price after an auction.
Return Process
- Sellers can request a return at any point before the auction begins.
- If an item does not sell, it will be returned fully insured and free of charge.
For any further inquiries or specific situations regarding returns, contacting Worthy's support team is recommended.
How To Open A Worthy Account?
To open an account on worthy.com, follow these steps:
- Visit the worthy.com website.
- Click on the Get Started button.
- Enter your personal information on the next screen.
- Connect your bank account to fund your bond purchases.
Remember, it's important to review and agree to the terms and conditions of the site before creating an account. Always ensure your personal information is accurate and up-to-date. Happy investing!
Worthy Alternatives
Here are some alternatives to worthy.com:
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louped.com: A leading preowned online diamond & jewelry marketplace where buyers can purchase items for more than 80% off retail prices and sellers can expect to receive the strongest possible pricing for their diamonds and jewelry.
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circajewels.com: Buys fine, signed, and estate jewelry, diamonds, and watches. Sellers can expect the best value and immediate payment.
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whitepinediamonds.com: Offers recycled diamond & jewelry services. Buyers and sellers can expect transparent pricing, fast delivery, and expert advice.
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chronohunter.com: Allows users to submit buy or sell requests for new or pre-owned watches. Offers comparison of offers from national and local trusted retailers.
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stonealgo.com: The world's largest diamond marketplace. Provides recommendations for the best diamonds by comparing over one million diamonds from top online jewelers and ranks them on quality and price.
Please note that these alternatives were selected based on their similarity to worthy.com in terms of keyword traffic, audience targeting, and market overlap. Always research and choose the platform that best suits your needs.
About Worthy.com Prices and Cost?
Worthy.com operates as a luxury auction marketplace for jewelry, where sellers can receive a price estimate for their items after an in-house evaluation and third-party grading. The company provides a recommended reserve price, which is the minimum amount a seller is willing to accept. If the auction bid meets or exceeds this reserve, the sale is binding. The pricing of pre-owned diamond jewelry considers factors like depreciation and the metal weight value of the setting. Worthy.com's service fees, which are essential for sellers to consider, typically range from 14% to 22% of the final sale price, depending on the transaction specifics. These fees are competitive compared to traditional auction houses and are deemed reasonable by many users.
About Worthy.com Popular Products and Services?
Worthy.com is primarily recognized for its online auction marketplace that specializes in reselling jewelry. It offers a convenient and safe platform for users to sell their pre-owned jewels, which are cleaned, vetted, and marketed to ensure authenticity and fair transactions. The service is likened to the Poshmark of reselling jewelry, providing a no-hassle experience for resellers by taking care of the entire process until an offer is made. For buyers, Worthy.com presents a large selection of authenticated jewelry, including necklaces and rings. The platform is designed to prevent low-balling, supported by a team of professional jewelers, and offers free overnight shipping for transactions. It's a go-to option for those looking to buy or sell high-quality, pre-owned jewelry.
About Worthy.com Payment Method?
Worthy.com offers sellers various payment methods for the convenience of receiving funds from the sale of their items. Once the auction concludes successfully and the seller provides payment details, the options available are bank transfer (ACH), check, or PayPal. It is important to note that PayPal is not available for transactions over $5,000. The time it takes to receive payment after it has been issued varies by method: PayPal transactions are completed the same day, bank transfers may take 1-3 business days, and mailed checks can take anywhere from 1-10 business days. The process ensures that sellers receive their payment promptly and securely.
Worthy.com Return Policy?
Worthy.com offers a 30-day return policy which allows customers to request a return within 30 days after receiving their item. To be eligible for a return, the item must be in the same condition that it was received, unworn or unused, with tags, and in its original packaging. Additionally, a receipt or proof of purchase is required. As for the shipping policy, Worthy provides a prepaid shipping label and packing instructions. Customers can schedule a free FedEx pickup at a convenient time, or drop off the package at a staffed FedEx location, free of charge. Shipping costs are covered by Worthy, so customers do not pay anything for shipping. If an auction's reserve price is not met, customers can have their piece sent back to them, fully insured and free of charge. However, once the reserve price is set and the auction begins, a return cannot be requested. It is important to note that return services are only available within the 50 U.S. states and the District of Columbia, and Worthy does not ship or return items to P.O. boxes, U.S. territories, or international locations. Costs related to returning unsold, rejected, or unclaimed items to sellers outside the eligible return territory are the responsibility of the seller.
How does Worthy.com determine the reserve price?
Worthy.com determines the reserve price based on an evaluation and grading of the jewelry by expert gemologists and a third-party grading lab. Once the jewelry arrives at Worthy's offices, it undergoes this process, and a recommended reserve price is provided to the seller. This price is the minimum amount the seller is willing to accept for the piece at auction. If a bid meets or exceeds this reserve price during the auction, it is considered binding. The seller has the freedom to set the reserve price at a level they are comfortable with, ensuring they are satisfied with the potential sale amount.
What types of jewelry can be auctioned on Worthy.com?
Worthy.com is an online luxury auction marketplace that specializes in a variety of jewelry items. The platform accepts earrings, loose diamonds, rings, watches, necklaces, and bracelets for auction. Specifically, they focus on pieces that will interest professional buyers, such as diamond jewelry made from gold or platinum, including rings, bracelets, necklaces, and earrings. Additionally, designer jewelry from brands like Tacori, Tiffany & Co, Cartier, Harry Winston, and Bvlgari are also accepted. The site caters to those looking to sell high-quality, valuable items and provides a service that includes cleaning, evaluating, and photographing each piece with advanced imaging equipment to ensure it looks its best at auction.
Are there any success stories from sellers using Worthy.com?
There are numerous success stories from sellers who have used Worthy.com. Many have praised the platform for its professionalism and ease of use, with sellers reporting satisfactory sales of items such as a pear cut bridal set. Clients have expressed appreciation for the transparent and honest business practices of Worthy.com, highlighting the fair prices received for their jewelry. The testimonials reflect a range of positive experiences, with sellers finding the process simple, convenient, and trustworthy. The platform's commitment to customer satisfaction is evident in the A+ rating from the Better Business Bureau, which many sellers mention as a testament to the company's reliability and integrity.