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Reebonz Scam: What You Need To Know?

reebonz scam
What you need to know about the Reebonz scam

Reebonz is an online platform that claims to sell authentic luxury goods at discounted prices.

It offers a service called White Glove, where users sell their luxury items to Reebonz and receive a payout once the item is sold.

However, in recent years, Reebonz has been accused of being a scam by many buyers and sellers who have had negative experiences with the company.
Continue reading more about the Reebonz scam.

What Is Reebonz?

Reebonz was founded in 2009 in Singapore and expanded to other countries in Asia, Australia, and the US.

The company operates an online platform that allows users to buy and sell new and pre-owned luxury items.

Reebonz also offers services such as authentication, valuation, cleaning, and repair of luxury goods.

User interface design of Reebonz website.

They claim to have over 5 million members and over 1,000 brand partners and provide secure and convenient shopping.

However, the company has also been accused of various malpractices, such as selling counterfeit or defective products.

Similarly, failing to deliver orders or pay sellers, providing poor customer service, and violating consumer rights.

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Is Reebonz A Scam?

Despite its claims of being a trusted platform, Reebonz has been facing a lot of complaints and criticisms from its customers.

According to the Consumers Association of Singapore (CASE), it has received 37 consumer complaints against Reebonz.

The main issues reported by the customers are:

1. Receiving Counterfeit Or Poor-Quality Products

Some buyers have alleged that the items they bought from Reebonz were fake, damaged, or not as described.

They also claimed that Reebonz did not provide any proof of authenticity or certification for the items.

2. Not Receiving Payment For The Items Sold

Some sellers have claimed that Reebonz did not pay them for the items they sold through the White Glove service.

They also said that Reebonz did not respond to their queries or complaints.

Furthermore, they also had no way of tracking the status of their items or payments.

Users complaining
Users not receiving payment for the items sold.

3. Experiencing Shipment Delays And Poor Customer Service

Some customers have complained that Reebonz took a long time to ship their orders, or that their orders were damaged.

They also said that Reebonz did not provide any updates or communication about their orders.

These complaints have raised doubts about Reebonz’s credibility and reliability, and have damaged its reputation.

Some customers have warned others to avoid Reebonz or to deal with it at their own risk.

Some have also taken legal action against Reebonz or reported it to the authorities.

Reebonz has denied the allegations of being a scam and has blamed the pandemic and the supply chain disruptions.

It has also said that it is working to resolve the issues and to pay its sellers.

However, many customers remain unsatisfied and skeptical of Reebonz’s explanations and promises.

How To Avoid Reebonz Scam?

Online scams are becoming more prevalent and sophisticated, especially in the e-commerce sector.

Scammers often use fake websites, social media accounts, or emails to lure unsuspecting customers into buying products.

They may also ask for personal or financial information, such as credit card details, passwords, or OTPs, to steal money.

To avoid falling victim to such online scams, here are some tips to follow:

1. Do Your Research

Before buying anything online, check the credibility and reputation of the seller or website.

Similarly, look for reviews, ratings, feedback, or complaints from other customers.

Likewise, verify the contact details, address, and registration of the business.

Beware of sellers or websites that have no or negative reviews, or that use generic or free email domains.

2. Use Secure Payment Methods

When paying online, use secure and reliable payment methods, such as credit cards, PayPal, or PayNow.

Avoid using cash, bank transfers, or wire transfers, as these are difficult to trace or recover.

Also, never share your personal or financial information, such as passwords, OTPs, or PINs, with anyone.

If you receive any suspicious or unsolicited requests for such information, ignore or report them.

3. Seek Help If Necessary

If you encounter any problems or issues with your online purchase or payment, contact the seller or website immediately.

If they are unresponsive or unhelpful, you can take the matter to the relevant authorities, such as the police, or your bank.

Furthermore, you can also seek legal advice or assistance from a lawyer or a consumer protection agency.

The Bottom Line

Reebonz is a luxury marketplace that has been accused of being a scam, as it has failed to deliver orders or refund customers.

The company has appointed a provisional liquidator to wind up the business, leaving many customers and sellers in the dark.

To avoid falling prey to online scams, consumers should do their research, use secure payment methods, etc.

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