SNKR|VLT

Terms and Conditions

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Protect, Store, Ship - The Ultimate Space for your Collectible Assets

Website Terms and Conditions

Effective Date: October 1, 2024

1. Acceptance of Terms

By accessing or using this website www.mysnkrvlt.com ("Site"), you confirm that you have read, understood, and agree to be legally bound by these Terms and any related policies or guidelines available on the Site. If you do not agree, please discontinue use immediately.

2. Permitted Use

The Site may only be used for lawful purposes. Users agree not to use the Site in ways that could damage, disable, overburden, or impair it, or interfere with other users' enjoyment of the Site. Unauthorized access, data mining, or reverse engineering of the Site is strictly prohibited.

3. User Accounts

To access certain features of the SNKR VLT Site and Services, you may be required to create an account. Creating an account requires using an email address and password or other account creation tools available on the Services, such as a social media account. To list items for sale (“Ask”) or place offers to purchase items (“Bid”), you must create an account and maintain a valid credit card or other approved payment method on file with our third-party payment processors.

By creating an account, you agree that SNKR VLT may charge your credit card or other payment method for any amounts you owe as described in these Terms, including any costs or losses resulting from your violation of the Terms. When registering for an account, you must provide accurate and truthful information and must not register under a false name, age, or unauthorized payment method.

If you use any of SNKR VLT's Services, you are responsible for maintaining the confidentiality of your account and password and for restricting access to your devices. You accept responsibility for all activities that occur under your account or password. You agree to notify SNKR VLT immediately if you become aware of unauthorized use of your account or password, or any other unauthorized access or breach of security. However, you may be held liable for losses incurred by SNKR VLT or any other party due to unauthorized use of your account or password.

You may not use another user's account or password without the explicit permission of the account holder. Additionally, account transfers or assignments are prohibited.

You are responsible for keeping your contact information up to date with SNKR VLT. From time to time, regulatory requirements may obligate you to provide, or SNKR VLT or its partners to verify, your contact information. Failure to provide timely and accurate contact information may result in the suspension of your account.

4. Intellectual Property

All content, including text, images, graphics, logos, and code, is the exclusive property of SNKR VLT or its licensors. Unauthorized use, reproduction, or distribution of any content is prohibited without prior written consent.

5. User-Generated Content

By submitting content (e.g., comments, reviews) on the Site, you grant SNKR VLT a non-exclusive, royalty-free, and worldwide license to use, modify, and publish such content as deemed necessary for the operation of the Site.

6. Prohibited Activities

Users may not post or transmit content that is defamatory, obscene, fraudulent, or otherwise objectionable. Use of the Site for illegal purposes or unauthorized access is strictly prohibited.

7. Privacy Policy

The use of personal data is governed by our Privacy Policy, which explains how we collect, store, and process your information. By using the Site, you agree to the terms of the Privacy Policy.

8. Third-Party Links

The Site may contain links to third-party websites for convenience. SNKR VLT does not endorse or control these external sites and assumes no responsibility for their content, policies, or practices.

9. Limitation of Liability

To the extent permitted by law, SNKR VLT shall not be liable for any indirect, incidental, or consequential damages resulting from your use or inability to use the Site.

10. Disclaimer of Warranties

The Site is provided on an “as is” and “as available” basis. We disclaim all warranties, express or implied, including but not limited to fitness for a particular purpose, merchantability, or non-infringement.

11. Indemnification

You agree to indemnify and hold harmless SNKR VLT, its affiliates, and employees from any claims, liabilities, or expenses arising from your use of the Site or violation of these Terms.

12. Governing Law and Jurisdiction

These Terms shall be governed by and interpreted in accordance with the laws of Washington State, without regard to its conflict of law principles. Any legal actions must be filed within the jurisdiction of Washington State courts.

13. Amendments

SNKR VLT reserves the right to modify or update these Terms at any time without prior notice. Changes will become effective immediately upon posting. Your continued use of the Site constitutes acceptance of the revised Terms.

14. Termination

SNKR VLT may suspend or terminate access to the Site at its sole discretion, with or without notice, for violations of these Terms or other conduct deemed harmful to the Site or its users.

15. Contact Information

For questions or concerns regarding these Terms, please Contact Us.

16. Miscellaneous

These Terms constitute the entire agreement between you and SNKR VLT regarding your use of the Site. If any provision is found to be invalid or unenforceable, the remaining provisions will remain in full force and effect.

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Condition of Sneaker Box

All sneakers accepted by SNKR VLT must also include the correct brand issued box with the lid, the proper label that reflects the corresponding shoe size and style code. Sneaker boxes that will pass our requirements should be in good condition although may be accepted with minor dents, tears, or wrinkles on the box lid that may have occurred from the manufacturer, shipping, and storage. Boxes for sneakers that are four years or older may be accepted if they have slight discoloration or minimal damage that can naturally occur from sitting in storage. Please make sure any QR codes or RFID chips on the box are not removed, tampered with, obstructed, or obscured in any way.

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Return Policy

SNKR VLT is committed to providing VLT users with the best buying and trading experience. All sales and trades are final. However, if an error occurs on our end (such as receiving the wrong order), we will make it right. Once we receive the item back in its original condition that it left SNKR VLT, we'll refund the cost of the sneakers, including fees and shipping. Returns must be initiated within 14 days of the customer receiving the item.

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Fees and Taxes

The fees for SNKR VLT Services, including any applicable shipping fees, are detailed on our Pricing Page.

  • Sellers: As a seller, you are solely responsible for collecting, reporting, paying, and remitting any and all local, state, or federal sales taxes that may apply to your sales transactions.
  • Buyers: As a buyer, you are responsible for paying any local, state, or federal taxes (including sales taxes) associated with your purchase transactions.

SNKR VLT is not responsible for the reporting, collection, or payment of taxes on your behalf, except in jurisdictions where SNKR VLT is obligated to act as a marketplace facilitator.

In accordance with our Privacy Policy, and as necessary to complete a transaction, you agree to provide SNKR VLT with all relevant tax information. This information may be shared with the appropriate tax authorities in connection with payments you receive through our platform. Where applicable, you further authorize SNKR VLT to provide this information to any tax authority or other competent government agency.

Failure to provide the required tax information necessary to support filings with the appropriate tax authorities may result in the suspension of your SNKR VLT account.

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Counterfeits, Fraud, and Market Manipulation

SNKR VLT takes counterfeiting, fraud, and market manipulation very seriously. If a seller provides a counterfeit item or attempts to defraud any buyer or SNKR VLT, the platform reserves the right to take any or all of the following actions, at its sole discretion:

  • Remove any or all of the seller's listings from the services.
  • Cancel any or all of the seller's pending orders.
  • Withhold any payments due to the seller.
  • Restrict the seller's buying and selling privileges.
  • Charge the seller's payment method for costs, expenses, and fees incurred by SNKR VLT as a result of the seller's actions or inactions. These may include the cost of replacement items, the value of coupons and gift certificates provided to buyers, reprinting fees, rerouting charges imposed by carriers, and refunds to buyers.
  • Ship the counterfeit item back to the seller at the seller's expense.
  • Provide counterfeit items to law enforcement or destroy them.
  • Temporarily or permanently suspend the seller's account.
  • Charge the seller's payment method a minimum of $15.00 USD or up to 15% of the transaction amount as a service fee, at SNKR VLT's discretion.

Sellers agree that these remedies are reasonable and justified upon SNKR VLT's discovery of counterfeit items or fraudulent actions, even if the seller was unaware of the counterfeit or fraudulent nature of the items (e.g., negligent fraud). If counterfeit items are turned over to law enforcement, the seller's communications and property claims must be directed to the law enforcement agency and not to SNKR VLT.

SNKR VLT employs fraud protection measures, including algorithms and automated systems, to monitor for fraud. These measures may result in the cancellation of listings or sales, or the suspension of accounts. Sellers affected in error should contact SNKR VLT at Contact Us. SNKR VLT may also require additional identification for high-value transactions or accounts with high payment volumes.

Market Integrity and Manipulation

SNKR VLT monitors the integrity of its marketplace to prevent market manipulation or fraud. If SNKR VLT determines that a user (seller or buyer) is engaging in fraudulent behavior, including creating false accounts, interfering with fair market operations, or providing misleading information about pricing or demand, it may take any or all of the following actions:

  • Remove the user's listings.
  • Cancel the user's pending orders.
  • Withhold payments due to the user.
  • Restrict the user's buying and selling privileges.
  • Charge the user's payment method for costs, expenses, and fees incurred by SNKR VLT.
  • Notify law enforcement of fraudulent activity.
  • Temporarily or permanently suspend the user's account.
  • Charge the user's payment method an additional service fee of up to $1,000 to cover investigation and related costs.

These measures are intended to protect the fairness and integrity of the SNKR VLT marketplace. Users engaging in suspicious activity are encouraged to contact SNKR VLT if they believe their actions were flagged in error.