The phrase signifies the act of exchanging used or undesirable digital gadgets for financial compensation from entities positioned in proximity to the person initiating the transaction. For instance, a person looking for to get rid of a used smartphone may search on-line for native companies that provide money in change for such gadgets.
This apply supplies a number of benefits. It permits people to recoup a number of the preliminary price of their electronics, contributes to the discount of e-waste, and helps native companies. Traditionally, such transactions have been restricted to pawn outlets or categorized adverts. The arrival of the web and location-based providers has streamlined the method, making it simpler and extra environment friendly to attach sellers with potential patrons of their instant space.
