The Exchange Program
The “Exchange” (the 'Program') is a program that can helps you earn money by having your no longer needed items (each an “Item” and collectively, “Items”) sold on FFPEG.com or by utilizing all of FFPEG’s marketing resources. FFPEG.com is your resource to purchase high end furniture and accessories. As our client, we agree to “re-sell” your high end items for you, utilizing our global buyer-based system. We use third party processors (each referred to in this Agreement as a 'partners') will assist in obtaining your Items by providing you a shipping label or shipping carriers to pick up your items. Alternatively, we can arrange to have your items picked up at your location to our facilities. The “Exchange” will then list and attempt to sell your Items on FFPEG.com or other internet based platforms on a consignment basis.
Liability for Loss or Damage
Items will be insured by FFPEG during transport and storage at the exchange's facility while the Item is in exchange's possession. You will be reimbursed for any Item that is lost, damaged or stolen while in the exchange's possession. While items are stored at a retail drop-off center, the retailer is responsible for any loss or damage of your Items.
The exchange shall not be responsible for any loss or damage to Items resulting from the following:
- a. Caused by or resulting from inherent vice, wear and tear, rust, corrosion, decay, deterioration, hidden or latent defect;
- b. Caused by or resulting from fungus or mold (unless such fungus or mold is in the exchange's property)
- c. Caused by or resulting from the seizure or destruction of property by order of governmental authority
- d. Caused by or resulting from war, military action, rebellion or revolution.
- e. Mechanical or electrical derangement of Items unless evidenced by external damage to such Items.
It is your responsibility to package the Items you mail in properly. Once the package is scanned into the shipping carrier's system, your Items are covered up to $300 through the shipping carrier's standard claims procedure. You may be able to purchase additional insurance from the shipping carrier. If there is no scan showing the shipping carrier received the package, then the exchange and the shipping carrier are not liable for any lost, damaged or stolen boxes. The exchange only accepts responsibility for the Items it receives. If you believe your item was lost, damaged or stolen then please contact FFPEG, Inc. at 888.692.0225.
What determines How Much Your Items Sell For
Items will be listed on FFPEG.com, where they will be exposed to FFPEG.com's global buyer base. The exchange will determine, in its sole discretion, whether your Item will be most likely to sell successfully via auction-style or fixed price format. If the Item is listed in auction-style format, the price it sells for will be determined by the market. If the Item is listed via fixed price, the price will be determined based on the asking price set by the exchange. The exchange will use its expertise and other comparable items on FFPEG.com.com to set the asking price for a fixed price listing.
What happens if Your Items Sell?
If your Items sell, the exchange will send a payment to you for between 60% of the sale proceeds (excludes tax and shipping) of your sold Items, depending on the final sale price of each Item, no later than 2 business days after each item is sold and paid for by the buyer. Or you can elect for a larger payment of 80% of the sale price, if you pay the shipping cost to ship item to our facilities.
The exchange will be responsible for shipping your Items to the buyer. If the buyer returns an Item, that Item will be the property of the exchange and the exchange will decide what to do with the Item. You will generally not be asked to return any payment in case of the return of an Item by a buyer, except in cases of your breach of the representations and warranties above (including, without limitation, if your Item was counterfeit, stolen or non-functional).