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Section Title
LPH Terms & Conditions
For Partners & Small Biz Partners
Renewal Policy:
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LPH does not discourage a second week, however we have the right to deny a third week if seller’s closet does not make at least the cost of the closet rental for both weeks in a row. There are pros and cons to additional weeks.
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Small Biz Partners are booked 4 weeks consecutively
LPH Discretion:
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LPH reserves the right to remove seller’s items from their closet for any reason. If this happens we will let you know and discuss why.
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LPH cannot and will not authenticate items.
Lost, Stolen or Damaged Items:
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LPH commits to ensuring that inventory is secure at our store. We have policies and procedures in place to ensure inventory makes its way back to it’s closet when not purchased.
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LPH is not financially responsible for lost, stolen or damaged items.
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LPH does have liability insurance for the business, but encourages you to have your own insurance on high value items.
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Commission Payout:
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Payouts will be sent Wednesday after break down
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All payouts will be sent via Venmo, a paper check is a option for Small Biz Partners
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Sellers will not receive their payout until all items have been picked up from LPH
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Commission Split:
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LPH keeps â…“ or 33.3% of total revenue made on the sale of an item.
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The seller keeps â…” or 66.7% of total revenue made on the sale of an item.
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High value items of $300+ will be on a different commission split. 1/4 or 25% to LPH and 3/4 or 75% to seller.
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Credit card fees and other fee associated will follow the same split structure.
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Supplies Fee:
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A $4 supplies fee per closet is taken out of the seller’s final payout total. This fee is to continue to provide great quality of tags, barb guns, barbs, bins, stickers, pens, hooks, hangers etc.​