It seems online resale platforms are on the rise and the recommerce industry is set to double in a couple of years. As the attention for pre-owned grows, more and more e-commerce platforms are offering such goods along with brand new products.
What is Recommerce?
According to the Internet definition, ‘Recommerce is referred to as Reverse commerce or Re-eCommerce. It is defined as the process of selling previously owned, new or used products, through physical or online distribution channels to companies or consumer willing to repair, if necessary, and reuse, recycle or resell them afterwards’. In simple terms, it is the platform for selling re-used products in good condition.