CERCLE PRIVÉ

Terms of Service

Last updated: 25 August 2026 These Terms reflect how Cercle Privé actually operates. Where a figure appears here — a fee, a deadline, a threshold — it is the figure the platform applies. Questions: contact@cercleprive.io —————————————————————————————— 1. WHO WE ARE Cercle Privé ("Cercle Privé", "we", "us") is operated by Cercle Privé CLA LTD, a company registered in England and Wales under company number 17373008, with its registered office at 124 City Road, London EC1V 2NX, United Kingdom. You can contact us at contact@cercleprive.io. For legal notices: contact@cercleprive.io. 2. WHAT CERCLE PRIVÉ IS Cercle Privé is a private, verification-only marketplace where approved members buy and sell pre-owned and new luxury goods from one another. We are a marketplace, not the seller. Except where expressly stated, we do not own, sell, or take title to the items listed. The contract of sale is between the buyer and the seller. We provide the platform, hold the payment in escrow, arrange carriage, and resolve disputes under these Terms. 3. WHO CAN JOIN Membership is open to professional resellers, personal shoppers and dealers who are verified by us. You must be at least 18 and have the legal capacity to contract. We may decline or withdraw membership at our discretion. 4. VERIFICATION (KYC) Before you can browse, buy or sell you must complete: 1. Presence verification — confirming your professional resale presence, normally through a business or trading account. 2. Identity verification (KYC) — an identity document and liveness check carried out by our verification provider. We may re-verify you at any time, and may suspend access while a check is outstanding. 5. YOUR ACCOUNT You are responsible for your login credentials and for all activity on your account. Tell us immediately at contact@cercleprive.io if you suspect unauthorised access. Accounts are personal to the member and may not be shared, sold or transferred. 6. MEMBERSHIP Membership of Cercle Privé is free. There is no subscription, no listing fee and no listing allowance — verified members may list without a paid plan. We earn a fee on each completed sale, set out in §8. If paid membership plans are introduced in future, we will tell existing members before any charge applies, and no charge will be made without your agreement. 7. LISTING ITEMS (SELLERS) When you list an item you confirm that: - you own the item and have the right to sell it; - the item is authentic — genuine, and correctly attributed to the brand stated. Counterfeit, replica or "inspired by" items are strictly forbidden; - your description, photographs, condition grading and provenance information are accurate and not misleading; - the photographs are of the actual item, taken by you or used with permission; - the item is lawful to sell and to ship to the buyer's country, including any restrictions on materials (for example protected species/CITES). Listings are published immediately and are not reviewed by us in advance. We may reject, edit, re-categorise or remove any listing at our discretion. Publication is not a guarantee of authenticity, quality, legality or accuracy, and does not transfer responsibility for the item to us. 8. BUYING AND PAYMENT When you buy an item, you pay: - the item price set by the seller; - a buyer commission, always shown to you in full before you pay; - the delivery charge (§11), and transit cover where it applies (§11); - an authentication fee of €29, if you choose authentication (§10). The commission is charged in bands, and each band applies only to the part of the price that falls inside it — in the same way as income tax. On a euro sale: - 6% on the first €5,000; - 3.5% on the part between €5,000 and €15,000; - 2% on the part between €15,000 and €25,000; - 3.5% on anything above €25,000. So a €20,000 item is charged 6% on the first €5,000, 3.5% on the next €10,000 and 2% on the last €5,000 — not 2% on the whole amount. Equivalent bands apply in each other currency we support, and the exact amount is always displayed before you confirm. The seller receives the full item price they listed. The commission is paid by the buyer and is in addition to that price. Your payment is authorised and held. It is not released to the seller at that moment. Placing an order creates a binding contract of sale between you and the seller, subject to these Terms. 9. ESCROW — HOW AND WHEN THE SELLER GETS PAID 1. Your payment is held after purchase. 2. The seller ships the item and provides a tracking number. 3. On delivery, an inspection window opens — 48 hours unless a longer window is shown on the order. 4. During the window you must either confirm that the item matches its listing, or report a problem. 5. If you confirm — or if the window closes without you reporting a problem — the payment is released to the seller and the order completes. This release happens automatically when the window expires. If the seller does not ship. If the seller has not shipped within 5 days of purchase, we cancel the order automatically and release your payment in full. You are not charged, and the item returns to sale. Once released, funds cannot be recalled through the platform. Please inspect promptly. 10. AUTHENTICATION SERVICE (OPTIONAL) Authentication is optional and costs €29. If you select it at checkout: - the seller has the item authenticated by LegitApp before despatch; - the outcome is recorded on the order and visible to you; - if it passes, the seller ships it directly to you. The item does not travel to us or to any third party, and authentication does not delay despatch; - if it does not pass, the order is cancelled and you are refunded in full — the item price, the commission, the €29 authentication fee, the delivery charge and any transit cover. You pay nothing. A failed authentication is treated as a misrepresented listing and is dealt with under §16. Authentication is an opinion formed by LegitApp, an independent authentication service, from photographs of the item. It combines review by their expert authenticators with AI analysis. It is not a guarantee by us or by them, and we do not ourselves verify, inspect or handle the item. An authentication may also be returned as inconclusive, meaning the authenticator could not reach a decision. Where that happens you may complete the purchase or cancel it for a full refund, on the same terms as a failed authentication. 11. DELIVERY, RISK AND TRANSIT COVER We arrange and pay for the carriage. We book the shipment with our carrier on our own account. The seller packs the item, hands it to the carrier and provides the tracking number; the seller does not contract with the carrier. The delivery charge shown at checkout is our charge for arranging carriage. It is not a pass-through of the carrier's price, and it may be more or less than what we pay. It is calculated from the destination you choose, and from the weight and size of the packed parcel — carriers charge on volume as well as weight, so a large light parcel can cost more than a small heavy one. Until you choose a delivery address, no delivery price is quoted. Transit cover Where the item is worth more than €500 we offer transit cover, priced and shown separately before you pay. It is 1.5% of the item value, with a minimum of €14. - If you take cover, and the item is lost or damaged in transit, you are refunded in full. - If you decline cover, risk of loss and damage in transit passes to you when the item is handed to the carrier. In that case our liability is limited to whatever compensation we actually recover from the carrier, which is set by the carrier's own terms and calculated by weight — typically a very small fraction of the value of the item. You should assume that declining cover means bearing the loss yourself. - Where the item is worth more than €5,000, cover is required and is included in the delivery charge. You cannot decline it. Customs and import charges On cross-border sales the buyer may be liable for import duties, taxes and customs handling charges. These are set by the destination country, are not included in the price you pay us, and are payable by you on delivery. 12. DISPUTES If an item does not match its listing, report it through the app before the inspection window closes. We will review the evidence from both members and may: - release the payment to the seller; - refund the buyer in whole or in part; and/or - require the item's return as a condition of a refund. Where a return is required, the cost of return carriage is borne by the seller if the item was misdescribed, and by the buyer if it was not. Our decision on a dispute is final for the purposes of the platform's escrow process. It does not affect either member's legal rights against the other. 13. YOUR BALANCE When an item you sold is confirmed by the buyer, the sale proceeds are credited to your Cercle Privé balance. You may withdraw your available balance at any time, or spend it on the platform. - A credit is pending until the buyer confirms the item or the inspection window closes, and available afterwards. - If an order is refunded or cancelled, the corresponding credit is reversed. Where it had already become available, this may take your balance below zero, and the shortfall is recovered from your next sale. - We do not pay interest on a balance, and a balance is not a deposit. - A balance is held for you so that you can transact on the platform. It is not a payment account and may not be used to send money to other people except as payment for an item. 14. PAYOUTS You may withdraw your available balance by: - bank transfer to an account you register with us; - our payment provider's own payout process, if you complete their onboarding, including their identity and bank verification; or - USDC to a wallet address you register, where that option is enabled. Where you register bank details with us directly, we store them encrypted, we show you only the last four digits, and a member of our team can see the full details only when there is a payout to send — every such access is logged. We are not responsible for delays caused by a payment provider, a bank or a blockchain network, or for currency conversion applied by them. Cryptocurrency transfers cannot be reversed; you are responsible for the address you give us. 15. FEES, TAXES AND INVOICES Our fees are those set out in §8, §10 and §11 and as displayed at the time of the transaction. The total amount payable is always shown before you confirm, and includes any VAT we are required to charge on our own fees. You are solely responsible for determining, charging, collecting and remitting any taxes (including VAT) arising on your own sales, and for your own accounting and reporting obligations. We may be required to report information about your transactions to tax authorities, and will do so where the law requires it. 16. AUTHENTICITY POLICY AND STRIKES We operate an authenticity strike system. Confirmed misrepresentation of an item may result in a strike, withheld funds, removal of listings, and suspension or permanent termination of membership. Repeat or serious breaches may be reported to the relevant authorities and to the brand owner. 17. PROHIBITED CONDUCT You must not: - list or sell counterfeit, replica, stolen or illegally obtained goods; - misrepresent an item's authenticity, condition, provenance or specification; - take a transaction off-platform to avoid our fees, or solicit others to; - share contact or payment details in order to transact outside the platform; - use another member's identity, or create accounts to evade suspension; - use the platform's messaging for spam, harassment, or anything unlawful; - scrape, copy or reuse listings, photographs or member data; - attempt to interfere with the security or operation of the platform. 18. MESSAGING Messaging is available only in the context of a specific listing or order — there are no open direct messages. Messages, including photographs and files you attach, are stored by us and may be reviewed for safety, fraud prevention and dispute resolution. Messages containing telephone numbers, email addresses or social media handles are blocked automatically. This is not only to protect our fee: a sale arranged off-platform has no escrow, no inspection window, no dispute process and no transit cover, and we cannot help either member if it goes wrong. 19. RATINGS AND REVIEWS After an order completes, the buyer and the seller may each rate and review the other. Reviews are visible to other members and form part of a member's public reputation on the platform. When you leave a review you must: - base it on a genuine, completed transaction you were party to; - be honest and factual, and not misleading; - not include abusive, discriminatory or unlawful content, another person's personal data, or contact details. You must not offer or accept anything of value in exchange for a review, leave reviews about yourself, or use reviews to threaten or coerce another member. Where an order completes without a dispute and neither party leaves a review, we record that the order completed without issue. These records are shown separately from member-written reviews and are not counted in a member's rating. We may remove a review that breaches these Terms, and we may reinstate or adjust ratings affected by abuse. We do not edit reviews to make a member look better. A review reflects the opinion of the member who wrote it, not ours. 20. PROMOTING YOUR LISTINGS You may pay to have your listings ranked above unpromoted listings for a fixed period ("Boost" for a single listing, "Vitrine" for all of them). Promotions are labelled to other members. - Promotion affects where your listing appears, never whether it appears. Every listing is still reviewed on the same basis. - We promise placement for the period you paid for. We do not promise views, offers or sales, and no refund is due because a promoted listing did not sell. - If we fail to deliver the placement you paid for, we will refund it. 21. REFERRALS Members may refer other members and may receive a reward as described in the app at the time. A referral is only rewarded once the referred member completes a genuine transaction. We may vary or withdraw the referral programme, and may withhold or reclaim rewards obtained through fraud or abuse. 22. CONTENT YOU UPLOAD You keep ownership of the photographs and content you upload. You grant us a non-exclusive, worldwide, royalty-free licence to host, store, reproduce, adapt (for example, resizing) and display that content for the purposes of operating and promoting the platform. This licence ends when you remove the content, except for copies we must keep for legal, dispute or accounting purposes. You confirm you have the rights necessary to grant this. 23. SUSPENSION AND TERMINATION You may close your account at any time. Any transactions already in progress must be completed first, and any balance remains withdrawable. We may suspend or terminate your membership, remove content, or withhold a payout where we reasonably believe you have breached these Terms, where required by law, or where necessary to protect other members from fraud or loss. Where we do so we will tell you the reason unless we are legally prevented from doing so, and you may respond to us at contact@cercleprive.io. 24. OUR RESPONSIBILITY TO YOU We provide the platform with reasonable care and skill. However: - we are not the seller and we do not guarantee the authenticity, quality, legality, description or safety of items listed by members; - we do not guarantee that the platform will be uninterrupted or error-free; - we are not responsible for the acts or omissions of members, or of our payment or verification providers. Nothing in these Terms limits liability for death or personal injury caused by negligence, for fraud or fraudulent misrepresentation, or for any other liability that cannot lawfully be limited. Subject to that, our total liability to you in connection with any transaction is limited to the greater of (a) the fees we received from you on that transaction and (b) where transit cover applied, the amount payable under that cover. We are not liable for loss of profit, loss of business or indirect loss. Our responsibility for items in transit is set out in §11 and is not extended by this section. 25. INDEMNITY You agree to indemnify us against claims, losses and reasonable costs arising from items you list or sell, your breach of these Terms, or your infringement of another party's rights. This does not apply to the extent the claim arises from our own breach or negligence. 26. CHANGES TO THESE TERMS We may change these Terms. We will give 30 days' notice of material changes by email or in-app. If you do not accept a change you may close your account before it takes effect. Changes do not affect an order already placed. 27. GOVERNING LAW AND JURISDICTION These Terms are governed by the laws of England and Wales, and the courts of England and Wales have exclusive jurisdiction. Nothing in this section removes any protection available to you under the mandatory law of the country in which you live. 28. GENERAL If any provision is found unenforceable, the rest continues in force. Our failure to enforce a provision is not a waiver of it. These Terms are the entire agreement between us in relation to the platform. Contact: contact@cercleprive.io · Cercle Privé CLA LTD, 124 City Road, London EC1V 2NX, United Kingdom

Questions? Contact contact@cercleprive.io