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Sell/Pawn/Consign Frequently Asked Questions

Before completing our Sell/Pawn/Consign application form please make sure to review our Frequently Asked Questions for the program you wish to utilize. Simply CLICK on question for the answer! For our General site and Classified Advertising FAQ, please CLICK here

 

The Vape Trader direct buying program

-What is The Vape Trader Direct Buying Program?

-How does The Vape Trader Direct Buying Program work?

-How much does The Vape Trader typically pay for new and used Vape items?

-Why would I want to sell my Vape items directly to The Vape Trader, rather than try to sell myself?

-When do I get paid for items I sell directly to The Vape Trader?

-How do I get paid for items I sell directly to The Vape Trader?

-How do I ship the items I want to sell to The Vape Trader?

-Who pays for shipping the items I want to sell to The Vape Trader?

-What does The Vape Trader do with the Vape Items they buy?

-What are the risks of using The Vape Trader direct buying program?

-What are the terms of The Vape Trader Direct buying program?

 

The Vape Trader Pawn Loan program *DISCONTINUED

-What is The Vape Trader Pawn Loan Program?

-How does The Vape Trader Pawn Loan Program work?

-How much will The Vape Trader loan for new and used Vape items?

-Why would I want to get a Pawn Loan for my Vape items rather than try to sell myself?

-How do I ship the items I want to pawn?

-Who pays for shipping the Pawned items?

-When do I get paid the Pawn loan?

-How do I get paid for the Pawn loan?

-How long is the Pawn Loan term?

-What is the interest rate for the Pawn loan?

-What does The Vape Trader do with pawned Vape Items?

-What happens if I do not pay the Pawn loan back?

-What are the risks of using The Vape Trader pawn loan program?

-What are the terms of The Vape Trader pawn loan program?

 

The Vape Trader Consignment program

-What is The Vape Trader Consignment Program?

-How does The Vape Trader Consignment Program work?

-How much will The Vape Trader sell my items for?

-How much commission does The Vape Trader take for successfully sold items?

-Why would I want to consign my Vape items to The Vape Trader rather than try to sell myself?

-How do I ship my items that I want to consign to The Vape Trader?

-Who pays for shipping the items I want to consign to The Vape Trader?

-When do I get paid for items I consign to The Vape Trader?

-How do I get paid for items I consign to The Vape Trader?

-If my items do sell, how do I know exactly how much they sold for?

-What happens if the consigned items do not sell?

-What does The Vape Trader do with consigned items?

-What are the risks of using The Vape Trader consignment program?

-What are the terms of The Vape Trader consignment program?

 

The Vape Trader direct buying program

What is The Vape Trader’s Direct Buying Program?

The Vape Trader now offers a direct buying program (for users from the United States only) where we will offer to buy New and Lightly used Authentic Vape equipment directly from users who complete this application form to sell their items to us. We decided to offer this program (as well as our pawn loan and consignment programs) after receiving many requests to offer such programs, in addition to our DIY classified Advertising service. This program is ideal for anyone looking to sell their Vape items ASAP and does not want to pawn, consign their items, or try to sell their items themselves with our Classified advertising service.
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How does The Vape Trader Direct Buying Program work?

If you are interested in Selling your Vape items to us you must first complete our sell/pawn/consign form to provide us information on the items you are looking to sell. After that (typically within 24 hours) we will respond (via email) with whether or not we are interested in your items, and if so how much we are willing to pay. If you decide to accept our offer then you simply need to mail your items to the address we provide and email us the tracking number (so we know they have been shipped and can track them, in case any shipping issues arise). It is up to you whether or not you want to insure your items or not. Once we receive the items, we will inspect them and make sure everything works and is in the condition described (typically within 24 hours of receipt). After condition and authenticity is confirmed we will pay the amount agreed upon via the payment method you selected, plus up to $5.00 in shipping reimbursement. If the item/s shipped are not in working condition or in the condition as described we will return the item/s to you. We typically make payment within 48 hours after receiving the items.
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How much does The Vape Trader typically pay for new and used Vape items?

For used equipment we typically pay 30-60% of new retail value depending on the condition, brand, and current demand for Vape equipment you are trying to sell. For new (in box, never used) Vape items we typically offer 10-20% below wholesale value. If we do not have access to wholesale pricing for the new Vape equipment you want to sell then we typically offer 60-70% of new retail value. You can get a good idea of average retail value by visiting and comparing prices at reputable online Vape shops like VaporDNA.com, DirectVapor.com, or MtBakerVapor.com. Please keep in mind that we we have access to wholesale prices ourselves, which is why we will not pay more than wholesale. Also please do not be offended by our offers. The price provided is the highest price we can offer and still turn a small profit by reselling your items. Each item bought and sold via our direct buying program takes requires a significant amount of time to resale, in hopes of making a small profit – which is not guaranteed.
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Why would I want to sell my Vape items directly to The Vape Trader, rather than try to sell myself?

We encourage all users to try to sell their Vape items themselves in order to get the most value out of them. You can get started listing your item/s via our Classified advertising service HERE. Our direct buying program is for users that do not have the time or do not want to try to sell themselves for whatever reason. This program provides an easy solution for Vape equipment owners to sell their vape item/s very quickly and with little effort. It is also for dealers or manufactures that need to liquidate inventory (for whatever reasons) and are willing to do so at below cost. For those that are not necessarily in need of quick cash and would just like us to sell your items on your behalf please consider our Vape Consignment Program. For those that are in need some quick cash but still want to have the opportunity to ‘buy back’ their Vape items, please consider our Vape Pawn Loan Program.
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When do I get paid for items I sell directly to The Vape Trader?

You will get paid within 48 hours after we have received your items (if you selected Paypal or other electronic payment delivery method). If you selected check or money order as your payment method, these will be mailed to you via standard USPS mail, so please expect standard shipping times for these payment methods.
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How do I get paid for items I sell directly to The Vape Trader?

When completing our sell/pawn/consign form you are given the option to choose your preferred payment method (Paypal, Google Wallet, Check, or Money Order). Please select which payment method you prefer on this form and make sure to input the correct payment information as far as who and where payment is to be sent to (i.e. Name, Paypal email address, and shipping address). Please note that all Paypal payments will be made via the ‘Goods and Services’ selection and that you are responsible for Paypal’s payment processing fees. Additionally, for Money Orders, a $2.00 payment processing fee will be deducted from payment.
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How do I ship the items I want to sell to The Vape Trader?

We request all shipments be made via first class USPS (to the address we provide). This will ensure that the shipped items are tracked. It is up to you whether you want to insure your items or not. We do request that after you ship your items to us, that you email us (sell2@thevapetrader.com) the tracking number so we have it in case any shipping issues should arise.
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Who pays for shipping the items I want to sell to The Vape Trader?

You pay for the initial shipping cost for items you want to sell to us. However, we will reimburse your shipping cost (up to $5.00) when we pay you for your items. If the items shipped are not Authentic, in the condition as described, or in working order we will return them to you, but there will be no reimbursement for you shipping costs.
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What does The Vape Trader do with the Vape Items they buy?

Typically, we will attempt to resell them on our online platform, at our local retail shop, or use them for promotion on our Giveaways page.
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What are the risks of using The Vape Trader direct buying program?

The only real risks involved when selling to The Vape Trader is if items get lost or damaged during shipment and you did not purchase shipping insurance OR the items shipped are not Authentic, as described or in working order (in which case, the items would be returned to you and you would be out the shipping cost).
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What are the terms of The Vape Trader Direct buying program?

The above questions and answers outline the Terms of using The Vape Trader direct buying program. Additionally, any electronic communication and acknowledgement of such, between you and us shall serve as a legally binding written agreement. Please read our Terms of Use page if you are interested in the legal verbiage. The Terms for this program are subject to change, if necessary and as permitted.
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The Vape Trader Pawn Loan program

What is The Vape Trader Pawn Loan Program?

The Vape Trader Pawn Loan Program is a 1 month pawn loan service with a 20% finance fee, offered to our users residing in the United States. This program is similar to traditional local Pawn Shop loans, allowing you to use your Vape equipment as collateral on a short term loan. The primary difference being that you will have to ship your Vape items to us before receiving the loan. We decided to offer this program (as well as our direct buying and consignment programs) after receiving many requests to offer such programs, in addition to our DIY classified Advertising service. Our Pawn Loan program is ideal for anyone in need of quick cash and wants to use their Vape items as collateral, in expectation that they will be able to pay the loan back (plus the 20% finance fee) within 1 month. If you are not in need of quick cash or would prefer selling your Vape items outright, please consider our direct buying, consignment programs, or attempting to sell your items yourself via a classified ad. You will typically be able to get more value out of your Vape equipment going any of these alternative routes.
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How does The Vape Trader Pawn Loan Program work?

If you are interested in Pawning your Vape items to us you must first complete our sell/pawn/consign form to provide us the information we need about the items you are looking to Pawn. After that (typically within 24 hours) we will respond (via email) with whether or not we are able to offer a pawn loan for your items, and if so how much we are willing to pay. If you decide to accept our offer then you simply need to mail your items to the address we provide and email us the tracking number (so we know they have been shipped and can track them, in case any shipping issues arise). It is up to you whether or not you want to insure your items or not. Once we receive the items, we will inspect them and make sure everything works and is in the condition described (typically within 24 hours of receipt). After condition and authenticity is confirmed we will loan the amount agreed upon via the payment method you selected. However, you will not reimbursed for shipping. If the item/s shipped are not in working condition or in the condition as described we will return the item/s to you. We typically make complete the loan payment within 48 hours after receiving the items.
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How much will The Vape Trader loan for new or used Vape items?

For used equipment we typically can usually loan between 20-50% of new retail value depending on the condition, brand, and current demand for Vape equipment you are using for collateral. For new (in box, never used) Vape items we typically offer slightly higher amount between 30-60% of new retail value. Please note that new retail value is not necessarily what you paid for it new, but rather what the current retail value is. Retail value on Vape Equipment tends to decline quite a bit, especially with older models after a newer model has been released. You can get a good idea of average current retail value by visiting and comparing prices at reputable online Vape shops like VaporDNA.com, DirectVapor.com, or MtBakerVapor.com.
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Why would I want to get a Pawn Loan for my Vape items rather than try to sell myself?

We encourage all users to utilize our Classified Advertising platform to try sell their Vape items themselves in order to get the most value out of them. You can get started listing your item/s via our Classified advertising service HERE. Our Pawn Loan program is a service we decided to offer our users, after getting countless request to do so. This program is designed specifically for anyone in need of quick cash that wants to use their Vape items as collateral, in expectation that they will be able to pay the loan back (plus the 20% finance fee) within 1 month. If you are not in need of quick cash or would prefer selling your Vape items outright, please consider our Direct Buying or Consignment Programs, and/or attempting to sell your items yourself via a classified ad. You will typically be able to get more value out of your Vape equipment going any of these alternative routes.
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How do I ship the items I want to pawn?

We request all shipments be made via first class USPS (to the address we provide). This will ensure that the shipped items are tracked. It is up to you whether you want to insure your items or not. We do request that after you ship your items to us, that you email us (pawn@thevapetrader.com) the tracking number so we have it in case any shipping issues should arise. Tracking numbers serve as proof to the us (the loaner) that the items were indeed shipped and to you (the loanee) that the items were indeed received. Without tracking neither party can be held liable should any shipping or other issue/dispute arise.
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Who pays for shipping the Pawned items?

Pawn loan applicants are responsible for paying for shipping their items to us, in order to receive the pawn loan. Similar to a traditional local pawn loan, you are responsible for getting your items to the Pawn shop and any cost involved in doing that. However, if you repay the pawn loan, we cover the shipping costs to the return the items to you.
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When do I get paid the Pawn Loan?

You will get paid within 48 hours after we have received your items (if you selected Paypal or other electronic payment delivery method). If you selected check or money order as your payment method, these will be mailed to you via standard USPS mail, so please expect standard shipping times for these payment methods.
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How do I get paid for the Pawn loan?

When completing our sell/pawn/consign form you are given the option to choose your preferred payment method (Paypal, Google Wallet, Check, or Money Order). Please select which payment method you prefer on this form and make sure to input the correct payment information as far as who and where payment is to be sent to (i.e. Name, Paypal email address, and shipping address). Please note that all Paypal payments will be made via the ‘Goods and Services’ selection and that you are responsible for Paypal’s payment processing fees. Additionally, for Money Orders, a $2.00 payment processing fee will be deducted from payment.
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How long is the Pawn Loan term?

Currently, we only offer a 1 month (30 day) pawn loan term. After the 30 day pawn loan has expired and if we have not received repayment yet, we will send a notification (via email). From the date of this notification we offer a 7 day grace period for repayment of the loan, after which if the loan has not been repaid, then the loan is defaulted and your ownership rights for the items pawned are transferred to us.
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What is the interest rate/finance fee for the Pawn loan?

Our interest rate/finance fee for pawn loans is 25% of the pawn loan. Therefore, if the loanee wishes to pay off the pawn loan and have their items shipped back to them they must pay the original loan amount in entirety plus 25% of the loaned amount. For example, a pawn loan of $100, would require a payment of $125.00, to pay off the loan and have their pawned items returned to them. This fee covers our shipping cost to return the items and payment processing fees. So in reality the interest rate/finance fee for the loan is much lower than .
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What does The Vape Trader do with pawned Vape Items?

All pawned items, after receipt and inspection (to confirm the item is in working order and in the condition described), are inventoried and stored in a safe environment at room temperature. If the pawn lawn (plus finance fee) is repaid, they are shipped back to the original owner in the condition they were received. If the pawn loan is not paid, they are listed for sale locally and on TheVapeTrader or used in one of our promotional Giveaway programs.
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What happens if I do not pay the Pawn loan back?

After 1 month, you will receive a notification (via email) asking if you wish to repay the loan or not. After that notification you have 7 days to make payment (via Paypal). If payment is not made, you are simply defaulting your right to ownership of the items you pawned and we will attempt to sell the item/s ourselves to make the money we loaned back. So essentially, if you do not pay the Pawn loan back nothing negative happens, aside from you defaulting your ownership rights.
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What are the risks of using The Vape Trader pawn loan program?

The only real risks involved when utilizing The Vape Trader pawn loan program is if items get lost or damaged during shipment and you did not purchase shipping insurance OR the items shipped are not Authentic, as described or in working order (in which case, the items would be returned to you, you would not receive a loan, and you would be out the shipping cost). The other risk of course is that you are unable to repay the pawn (plus finance fee) loan within a months time and you lose ownership of some Vape equipment that you really like!
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What are the terms of The Vape Trader pawn loan program?

The above questions and answers outline the Terms of using The Vape Trader Pawn loan program. Additionally, any electronic communication and acknowledgement of such, between you and us shall serve as a legally binding written agreement. Please read our Terms of Use page if you are interested in the legal verbiage. The Terms for this program are subject to change, if necessary and as permitted.

 

The Vape Trader Consignment program

What is The Vape Trader Consignment Program?

The Vape Trader Consignment Program is a 90 day consignment service with a 35% (us) 65% (you) commission split, offered to our users residing in the United States. This program is similar to consignment services offered by local consignment shops, which allow you consign items for them to sell on your behalf. The primary difference being that you have to ship your Vape items to us, rather than drop them off at a local store. We decided to offer this program (as well as our Direct Buying and Pawn Loan programs) after receiving many requests to offer such programs, in addition to our DIY classified Advertising service. Our Consignment service is ideal anyone that does not have the time to sell their Vape item/s themselves (for whatever reason) and would prefer The Vape Trader to attempt to do so on their behalf. Consigned items (listed for sale on The Vape Trader, within our Consignment shop) tend to have a much higher success rate and sell for more than private party listings on the site. This is primarily because buyers are able to purchase items from our Consignment shop directly on the site and they generally feel more comfortable purchasing inspected items from us rather than private parties they are not familiar with. For these reasons and others our Consignment Program may be the best option for those looking to get the most value out of the sale of their Vape item/s and are not necessarily in a rush to do so. For those that would prefer quick cash, please consider our Direct buying or Pawn Loan programs.
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How does The Vape Trader Consignment Program work?

If you are interested in Consigning your Vape items to us you must first complete our sell/pawn/consign form to provide us information on the items you are looking to sell. After that (typically within 24 hours) we will respond (via email) with whether or not we are interested in consigning your items, and if so provide a defined estimated range for how much we think we could sell your items for. If you decide to go ahead and consign your Vape items to us, then you simply mail your items to the address we provide and email us the tracking number (so we know they have been shipped and can track them, in case any shipping issues arise). It is up to you whether or not you want to insure your items or not. Once we receive the items, we will inspect them and make sure everything works and is in the condition described, and then feature them for sale on The Vape Trader, our local shop, and other selling platforms (if we feel necessary). If the item/s sell within the 90 day consignment period, you will be paid (within 3 business) for the amount they sold for, minus our 35% commission fee. If they do not sell within 90 days and with the defined price range estimate provided we will return the items you in the same condition we received them in.
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How much will The Vape Trader sell my items for?

Obviously, we can not provide an exact answer here as it all depends on what type of Vape equipment we are talking about, the condition, and the current demand for it. Fortunately, we do have access to a lot of sales data at our fingertips, as far as how much similar equipment has sold for in the past (on our platform). As such, after you complete the consignment submission form, we should be able to provide you a defined range estimate as far as how much you can expect us to sell your items for. As a general rule of thumb, gently used vape equipment typically sells anywhere from 40-70% of new retail value and new (never used) vape items from 60-90% of new retail value. Keep in mind that current retail value, is in most cases not you paid for it. Vape equipment value tends to decline fairly sharply once newer models come out or if the market becomes flooded with a popular model. Additionally, online Vape stores typically have much lower prices than local Vape shops and we that is often where we base our prices off of.
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How much commission does The Vape Trader take for successfully sold items?

For successfully sold items we take a 35% commission cut. The average commission for most consignment businesses is 40%, so we feel our number to be fair. If your items sell, we will deduct our 35% commission fee from the total amount recieved from the sell of your items and then pay you the remaining amount.
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Why would I want to consign my Vape items to The Vape Trader rather than try to sell myself?

We encourage all users to try to sell their Vape items themselves in order to get the most value out of them. You can get started listing your item/s via our Classified advertising service HERE. Our consignment program is designed for users that do not have the time or do not want to attempt to sell their Vape item/s themselves (for whatever reason) and would prefer The Vape Trader to attempt to do on their behalf. Consigned items (listed for sale on The Vape Trader, within our Consignment shop) tend to have a much higher success rate and sell for more than private party listings. This is primarily because buyers are able to purchase items from our Consignment shop directly on the site and they generally feel more comfortable purchasing directly from us rather than private parties they are not familiar with. For these reasons and others our consignment program may be the best option for those looking to get the most value out of the sale of their vape items and are not necessarily in a rush to do so. For those that would prefer quick cash, please consider our Direct buying or Pawn Loan programs.
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How do I ship my items that I want to consign to The Vape Trader?

We request all shipments be made via first class USPS (to the address we provide). This will ensure that the shipped items are tracked. It is up to you whether you want to insure your items or not. We do request that after you ship your items to us, that you email us (consign@thevapetrader.com) the tracking number so we have it in case any shipping issues should arise. Tracking numbers serve as proof to the us (the consignee) that the items were indeed shipped and to you (the consignor) that the items were indeed received. Without tracking neither party can be held liable should any shipping or other issues/disputes arise.
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Who pays for shipping the items I want to consign to The Vape Trader?

Consignors are responsible for paying for shipping their items to us, for us to sell on their behalf. Similar to local consignment shops, you are responsible for getting your items to the consignment shop and any cost involved in doing that. However, if your items do not sell, we will pay for return shipping costs and take the loss there.
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When do I get paid for items I consign to The Vape Trader?

If your consigned Vape item/s do end up selling, you will get paid within 3 business days, after we have received payment from the buyer. If you selected check or money order as your payment method, these will be mailed to you via standard USPS mail, so please expect standard shipping times for these payment methods. We will notify you (via email) if/when if your items sell and let you know that payment is on the way.
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How do I get paid for items I consign to The Vape Trader?

When completing our sell/pawn/consign form you are given the option to choose your preferred payment method (Paypal, Google Wallet, Check, or Money Order). Please select which payment method you prefer on this form and make sure to input the correct payment information as far as who and where payment is to be sent to (i.e. Name, Paypal email address, and shipping address). Please note that all Paypal payments will be made via the ‘Goods and Services’ selection and that you are responsible for Paypal’s payment processing fees. Additionally, for Money Orders, a $2.00 payment processing fee will be deducted from payment.
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If my items do sell, how do I know exactly how much they sold for?

We understand that some consignees may want proof of how much their items sold for, instead of just taking our word for it. If requested, we are happy provide screenshots of electronic payments for their items (i.e Paypal, Google wallet). Unfortunately, if the sale is local or if payment is made non-electronically we may not able to provide this proof.
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What happens if the consigned items do not sell?

If the consigned items do not sale during the 90 day consignment period and within the defined price range, then the owner will be contacted (via email) to see if they would like to extend the consignment period and lower the defined price range or have the items shipped back to them. The Vape Trader will pay for all return shipping costs.
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What does The Vape Trader do with consigned items?

All consigned items, after receipt and inspection (to confirm the item is in working order and in the condition described), are inventoried and stored in a safe environment at room temperature. Consigned items that do not sale during the 90 day consignment period and within the defined price range, are shipped back to the owner in the condition they were originally received.
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What are the risks of using The Vape Trader consignment program?

The only real risks involved when utilizing The Vape Trader Consignment program is if items get lost or damaged during shipment and you did not purchase shipping insurance OR the items shipped are not Authentic, as described or in working order (in which case, the items would be returned to you, and you would be out the shipping cost). The other risk of course is that items are not able to sell within the price range agreed upon during the consignment period (90 days) and they are returned to you.
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What are the terms of The Vape Trader consignment program?

The above questions and answers outline the Terms of using The Vape Trader Consignment program. Additionally, any electronic communication and acknowledgement of such, between you (the consignor) and us (the consignee) shall serve as a legally binding written agreement. Please read our Terms of Use page if you are interested in the legal verbiage. The Terms for this program are subject to change, if necessary and as permitted.
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If you have any further questions, not answered here, please feel free to contact us at any time and we will get back to you ASAP.

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