23 Recommerce Platforms and Marketplaces #Ecommerce - The Entrepreneurial Way with A.I.

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Tuesday, September 3, 2024

23 Recommerce Platforms and Marketplaces #Ecommerce

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Recommerce is the practice of selling used, refurbished, or overstocked products. Recommerce (“reverse commerce”) can help a business build inventory circularity and provide a secondhand market for customers while enhancing sustainability and lowering the carbon footprint.

Here is a list of recommerce platforms and marketplaces for merchants. There are marketplaces to resell used and excess goods and platforms to build and integrate resale sites, reverse logistics solutions, trade-in programs, and more.

Recommerce Platforms and Marketplaces

Vestiaire Collective is a secondhand platform with a mission to transform the fashion industry for a more sustainable future. Vestiarire says its marketplace hosts over 12,000 brands and 5 million live listings, with more than 35,000 items added daily. Vestiaire has permanently banned fast fashion brands from the platform. There are no selling fees when listing the most popular brands.

Home page of Vestiaire Collective

Vestiaire Collective

Depop, a subsidiary of Etsy, is a peer-to-peer marketplace for secondhand and vintage fashion. Users can shop and follow friends and influencers on trends and styles. Price negotiation is a feature of Depop with its “make offer” option to streamline the process away from direct messaging. A potential buyer submits an offer, and a seller has 24 hours to accept or decline. There is no listing fee for sellers in the U.S. and U.K. Buyers pay a marketplace fee on each purchase.

RealReal, launched in 2011, is a marketplace for authenticated luxury resale and consignment. It has 13 retail locations in the U.S. and an online marketplace with more than 37 million members. RealReal authenticates and prices consigned items; sellers can earn up to 85% of the selling price. The company has launched sustainability partnerships with luxury brands Stella McCartney, Burberry, and Gucci to support biodiversity and reforestation.

Arrive Recommerce offers a comprehensive recommerce solution, including a branded resale experience, warehousing, seamless partner integrations, and partner support. Its mission is to help brands reduce waste and minimize environmental impact by converting returns and excess inventory into profitable, fully-branded resale channels. It also offers operators options for utilizing its warehouse management software and integrating APIs at scale.

Walmart Marketplace is expanding its range of collectibles and pre-owned merchandise by introducing Resold at Walmart, a digital destination for pre-owned items. In the Collector shop, sellers can now enable preorders to build customer anticipation for drops, with pre-owned conditions for collectibles.

Web page for Walmart Marketplace

Walmart Marketplace

Goat, launched in 2015, is a popular marketplace for new and used premium sneakers and luxury apparel and accessories. The platform authenticates products and verifies delivery. Sellers complete a verification process (to prevent fake accounts).

Grailed is a curated fashion marketplace primarily for menswear. With help from its community, Grailed ensures all items are authentic. Every transaction through Grailed with PayPal is eligible for a full refund. Grailed has no listing fee and a 9% commission on sales. It’s owned by Goat Group, owner of the Goat marketplace for premium sneakers.

Vinted is a Lithuania-based marketplace for secondhand items, mainly clothing and accessories. The marketplace operates in 21 countries and has over 65 million registered users. There are no selling fees; buyers pay a protection fee of 3% to 8% of each purchase.

Nok Recommerce is a circular operating system for reverse logistics and multichannel recommerce. Sellers can launch a branded D2C storefront and link to an existing ecommerce store. Nok manages buildout, product fulfillment, and dynamic pricing optimization.

Home page for Nok Recommerce

Nok Recommerce

Reboxed is a marketplace for buying and selling used tech gear. It recently launched ReboxedOS for used consumer electronics. Reboxed is a circularity-as-a-service that allows businesses to integrate resale, trade-in, and recycling programs without investing in infrastructure.

Reverse.supply provides fashion brands and marketplaces with a circular retail solution or their own products. Using its software platform, brands can integrate a secondhand store and trade-in portal into existing sales channels. Reverse.supply provides technical and operational services, such as price management, refurbishment, product data creation, and fulfillment.

Rebag, founded in 2014, is a marketplace for buying, selling, and trading luxury accessories, such as handbags, fine jewelry, watches, and small leather goods. Sellers can consign, trade, or accept a buy-out on items. All items are vetted, and payout amounts are pre-approved. Commission rates start at 8%.

ThredUp is a resale-as-a-service provider that enables brands to run clean-out programs and online resale shops for consumers. Brands can offer customers clean-out kits to turn their gently used clothing and accessories into an on-site shopping credit. ThredUp integrates with ecommerce sites so consumers can easily shop a brand’s secondhand products. ThredUp handles the processing, from inbound inspection and processing to single-SKU pricing and order fulfillment. Brand partners include Gap, J.Crew, Toms, and SoulCycle.

Home page of ThredUp

ThredUp

Fashionphile is a seller of pre-owned luxury handbags and accessories and the exclusive recommerce partner of Neiman Marcus. To sellers, Fashionphile offers full buy-outs on nearly every product, with immediate payments after the item arrives and is authenticated. Fashionphile offers free shipping and free returns. It also provides a reserve luxury layaway to buy in installments.

Treet is a resale solution that helps brands drive revenue and acquire customers while minimizing the carbon footprint. Brands can launch a tailored peer-to-peer or take-back resale experience in less than a week. Treet says it empowers resale for more than 120 D2C brands.

SnapWrite helps brands and retailers create product content from images, providing a digital identity to enable resale. SnapWrite’s image visualization technology creates a proprietary database of processed items, allowing resellers to trace previously owned and vintage products with original data via a permanent link.

Reflaunt is a concierge resale service for luxury brands and retailers. Merchants using Reflaunt can help customers resell items and drive repeat purchases with a branded resale service and an instant-reward take-back program.

Trove provides branded resale at scale with services that include trade-in programs, integrated storefronts, true-to-brand commerce, reverse logistics, dynamic pricing, customer-management integration, customer-experience support and integration, and secondary market insights. Merchants can sell used and new items together on their current ecommerce site. For Shopify-based sellers, Trove offers a quick-launching app to bring resale inventory into the site experience. Trove powers the resale sites for Lululemon, Patagonia, Levi’s, and Nordstrom.

Home page of Trove

Trove

Archive helps brands launch customized resale programs to build circularity into their business models and control their secondhand market. Archive offers custom peer-to-peer storefronts, in-store and mail-in take-back programs, and brand second-life programs for owned inventory (i.e., samples, damaged items, returns). Archive also integrates with repair, upcycling, and recycling partners and nonprofits for clothing donations. Brand partners include The North Face, New Balance, Hanna Andersson, and Oscar de la Renta.

Poshmark is a social peer-to-peer marketplace for new and secondhand goods for women, men, kids, pets, homes, and more. The marketplace has more than 130 million registered users across the U.S. and Canada, with more than 300 million items sold, per Poshmark. For sellers, Poshmark features easy listings, virtual shopping parties, PoshPost for pre-paid and pre-addressed shipping labels, and Posh Protect for buyers. All orders of $500 or more are eligible for Posh Authenticate. Poshmark also features Posh Shows, a live-streaming feature for social shopping.

Mercari is a Japan-based ecommerce company that owns the Mercari marketplace app to buy and sell new or used items. More than 350,000 items are added to Mercari daily, the company says. In the U.S., Mercari collaborates with USPS, UPS, and FedEx to let sellers print shipping labels. Sellers can also use Mercari Local for nearby delivery. There is no charge to sellers for listing or selling an item. Buyers are charged a payment processing fee.

Facebook Marketplace, launched in 2016, has become one of the most popular sites for buying, selling, and trading items locally or far away. As part of the Facebook social network, Marketplace buyers and sellers have profiles with ratings that make them more trustworthy. Messaging is built-in on Facebook, making communication easy. Eligible buyers on Facebook receive purchase protection.

eBay is a marketplace to connect buyers and sellers. Launched in 1995, eBay is now in more than 190 markets globally, with 132 million active buyers and approximately 2.1 billion live listings. eBay’s first sale was a pre-owned laser pointer — recommerce is central to the company’s sustainability goals. eBay continues to invest in recommerce technologies, including authentication tools and AI-based fraud detection. eBay Ventures has invested in Sideline Swap, a marketplace for new and used sports equipment, and The Volte, a peer-to-peer platform for luxury dress sharing.

Web page of eBay

eBay



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Sig Ueland, Khareem Sudlow