SQUAMISH, British Columbia (BRAIN) — OneUp Components is launching an online marketplace for selling certified pre-owned OneUp products.
"Buyers and sellers benefit from a protected buying and payment experience: get the item that was promised in the condition it was promised in, or receive a full refund," the company said of its program, called ReRide.
Unlike the used-gear programs run by some apparel brands, or some used-bike programs like Trek's, OneUp will not be buying or examining the used components, but it will promote the program in its website, process payments and manage a refund policy.
Sellers provide a short description of the item along with a few photos and receive a pre-paod shipping label when the item is sold. OneUp processes the payment and sellers can opt to receive 80% of the sale price in cash or 100% in OneUp store credit.
Buyer have 72 hours after delivery to inspect the item and file a claim if it is not in the condition described by the seller. The funds are released to the seller after the 72-hour period.
The program is at reride.oneupcomponents.com.
The program is currently available in the U.S. and Canada but the company hopes to expand to other regions.
