The phrase signifies the act of exchanging used or undesirable digital units for financial compensation from entities situated in proximity to the person initiating the transaction. For example, a person in search of to get rid of a used smartphone may search on-line for native companies that provide money in change for such units.
This follow supplies a number of benefits. It permits people to recoup a number of the preliminary value of their electronics, contributes to the discount of e-waste, and helps native companies. Traditionally, such transactions have been restricted to pawn retailers or labeled advertisements. The appearance of the web and location-based companies has streamlined the method, making it simpler and extra environment friendly to attach sellers with potential patrons of their quick space.
