{{Short description|Online marketplace}} {{notability|Companies|date=June 2020}} {{Lowercase title}} {{Infobox company | name = uSell | logo = File:Usell logo.png | logo_caption = | image = | image_caption = | trading_name = <!-- d/b/a/, doing business as - if different from legal name above --> | native_name = <!-- Company's name in home country language --> | native_name_lang = <!-- Use ISO 639-1 code, e.g. "fr" for French. If there is more than one native name, in different languages, enter those names using {{tl|lang}}, instead. --> | romanized_name = | former_name = Upstream Worldwide<ref>{{cite news|title=Upstream Worldwide Appoints New Chief Operating Officer|url=http://seekingalpha.com/instablog/200555-qualitystocks/94320-upstream-worldwide-inc-mfgd-ob-appoints-new-chief-operating-officer|accessdate=19 April 2014|newspaper=Seeking Alpha|date=17 September 2014}}</ref> | former type = | type = Public | traded_as = {{OTC Pink|type=current|PXHI}} | industry = Recommerce<ref name=UNSews2ndchance>{{cite news|last=Handley|first=Meg|title=Old iPhones Get Second Chance With Resale Sites|url=https://www.usnews.com/news/articles/2012/09/20/old-iphones-get-second-chance-with-resale-sites|accessdate=19 April 2014|newspaper=US News|date=20 September 2012}}</ref> | genre = <!-- Only used with media and publishing companies --> | fate = | predecessor = | successor = | foundation = 2008 | founder = Doug Feirstein<ref>{{cite news|last=Lagorio-Chafkin|first=Christine|title=Nice to Meet You, I'm the Guy Who Hacked Your Site|url=http://www.inc.com/christine-lagorio/hired-hacking-and-serendipity.html|accessdate=22 April 2014|newspaper=Inc.|date=15 November 2013}}</ref><br>Dan Brauser<ref>{{cite news|last=Mathis|first=Joel|title=With iPad mini launch, what to do with your old iPad?|url=http://www.macworld.com/article/2013379/with-ipad-mini-launch-what-to-do-with-your-old-ipad.html|accessdate=22 April 2014|newspaper=Macworld|date=1 November 2012}}</ref><br>Nik Raman<br>Christian Croft | defunct = <!-- {{End date|YYYY|MM|DD}} --> | location_city = New York City, NY | location_country = United States | locations = <!-- Number of locations, stores, offices, etc. --> | area_served = | key_people = Dan Brauser, CEO<ref>{{cite news|last=Parker|first=Christine|title=Thar's gold in them thar used iPhones|url=https://nypost.com/2012/10/21/thars-gold-in-them-thar-used-iphones/|accessdate=22 April 2014|newspaper=New York Post|date=21 October 2012}}</ref><br>Nik Raman, COO<ref>{{cite news|last=Hunt|first=Kevin|title=Kevin Hunt: Sell Your iPhone Now!|url=https://www.courant.com/2013/08/26/kevin-hunt-sell-your-iphone-now-why-its-a-smart-strategy-2/|access-date=19 April 2014|newspaper=The Courant|date=26 August 2013}}</ref><br>Christian Croft, CPO<ref name=ExperimentIRetail>{{cite news|last=Dusto|first=Amy|title=Experiments help e-marketplace uSell find new sources of revenue|url=https://www.internetretailer.com/mobile/2013/07/02/experiments-help-e-marketplace-usell-find-new-sources-revenue|accessdate=22 April 2014|newspaper=Internet Retailer|date=2 July 2013}}</ref><br>Vijay Ganapathy, CTO<br>Colin Casey, CRO | products = | brands = | production = | services = | revenue = | operating_income = | net_income = | aum = <!-- Only used with financial services companies --> | assets = | equity = | owner = | num_employees = | parent = | divisions = | subsid = | homepage = {{URL|http://www.usell.com/}} | footnotes = | intl = | bodystyle = }}
'''uSell''' (operating under PhoneX Holdings, Inc, {{OTC Pink|type=current|PXHI}}) is a publicly traded recommerce company with headquarters in New York City. It operates as an online marketplace where people can sell used cell phones, tablets, video games, textbooks and gift cards to professional buyers.<ref name=fbuspaid>{{cite news|last=Hynek|first=Ann|title=Get Green Goods Delivered and Get Paid to Recycle|url=http://www.foxbusiness.com/personal-finance/2013/02/20/get-green-goods-delivered-and-get-paid-to-recycle/|accessdate=19 April 2014|newspaper=Fox Business|date=20 February 2013}}</ref><ref name=YahooUsell>{{cite news|last=Tynan|first=Dan|title=The 3 Rs of Retiring Your Old Gadgets: Reuse, Resell, or Recycle|url=https://www.yahoo.com/tech/the-3-rs-of-retiring-your-old-gadgets-reuse-resell-81927460154.html|accessdate=19 April 2014|newspaper=Yahoo!|date=7 April 2014}}</ref>
==History== The idea for uSell.com came in 2006 when Feirstein tried to sell items on eBay and found it extremely difficult with the peer-to-peer model marketplace.<ref name=BinterviewSulliven>{{cite news|last=Sullivan|first=Mike|title=Interview with uSell CEO and Co-Founder|url=http://www.businessinterviews.com/doug-feirstein-usell/|accessdate=19 April 2014|newspaper=Business Interviews|date=15 June 2011}}</ref> The Usell.com marketplace was launched in 2010.<ref>{{cite news|title=Featured Company Pitch: uSell-A new secondary marketplace for high-end electronics|url=http://startupbeat.com/2011/05/27/featured-company-pitch-usell-a-new-secondary-marketplace-for-high-end-electronics/|accessdate=25 May 2014|newspaper=Startup Beat|date=27 May 2011|archive-date=9 November 2013|archive-url=https://web.archive.org/web/20131109075753/http://startupbeat.com/2011/05/27/featured-company-pitch-usell-a-new-secondary-marketplace-for-high-end-electronics/|url-status=dead}}</ref>
It was originally operated under the name Upstream Worldwide, Inc, (with publicly traded symbol UPST) but in 2012 changed names to uSell.com, Inc.<ref>{{Cite web|date=2012-07-30|title=Upstream Worldwide, Inc. Changes Name To uSell.com, Inc., And Now Trades Under New Ticker Symbol USEL|url=https://www.businesswire.com/news/home/20120730005364/en/Upstream-Worldwide-Inc.-Changes-Name-To-uSell.com-Inc.-And-Now-Trades-Under-New-Ticker-Symbol-USEL|access-date=2020-12-03|website=www.businesswire.com|language=en}}</ref>
In 2012, uSell.com acquired EcoSquid, Inc., a website co-founded and led by Benjamin Gordon that compared and displayed ranks and options for trading in or recycling old electronics.{{fact|date=March 2021}} As of September 2013, the company has facilitated the purchase of more than 200,000 devices and paid out more than $10 million to customers through the Usell.com marketplace.<ref>{{cite news|last=Hamilton|first=Ian|title=Got a New iPhone? Get Some Cash for That Used One|url=http://www.highbeam.com/doc/1P2-35239249.html|archive-url=https://web.archive.org/web/20150329175607/http://www.highbeam.com/doc/1P2-35239249.html|url-status=dead|archive-date=29 March 2015|accessdate=19 April 2014|newspaper=The Buffalo News |date=30 September 2014}}</ref>
in 2018, the company raised $4.8 million. They also incorporated a new entity, PhoneX Holdings Inc. and transferred to this new subsidiary all of its technology assets related to the online, wholesale distribution of used smartphones.<ref>{{Cite web|date=2018-12-10|title=uSell.com Raises $4.8 Million and Signs Contract to License Technology to Major Wireless Distributor|url=https://apnews.com/press-release/ACCESSWIRE/75ee230aba45d2f5ffb095afa091754e|access-date=2020-12-03|website=AP NEWS}}</ref>
===Investors=== uSell.com is traded publicly on the OTC market in the United States. Investors include billionaire Phillip Frost and several millionaires from his Frost Group.{{fact|date=March 2021}}
==Website overview== uSell.com users search on the website and enter the information about the item that they want to sell. The website then aggregates and displays bids from a list of more than 40 professional buyers, allowing users to select which buyer they want to sell to.<ref name=fbuspaid/> Once the user selects a buyer, they are sent a prepaid envelope to ship the product with no fees being charged to the seller.<ref name=fbuspaid/><ref>{{cite news|last=Harper|first=Elizabeth|title=How to Sell Your Phone for the Most Money|url=http://www.techlicious.com/tip/how-to-sell-your-phone-for-the-most-money/|accessdate=19 April 2014|newspaper=Techlicious|date=23 September 2013}}</ref> Upon receipt of the item, a buyer pays the seller via PayPal or cash within five business days of receiving the item. uSell.com has been described as an intermediary to connect users with its network of buyers.<ref>{{cite news|last=Stenovec|first=Timothy|title=How To Sell Your Old iPhone: 6 Ways To Trade In Your Phone|url=http://www.huffingtonpost.com/2013/09/20/how-to-sell-iphone_n_3957791.html|accessdate=19 April 2014|newspaper=Huffington Post|date=20 September 2013}}</ref>
==See also== * Online marketplace * Electronic waste * Recycling
==References== {{reflist}}
==External links== *[http://www.usell.com/ Official Website]
Category:Retail companies established in 2008 Category:Internet properties established in 2008 Category:Online marketplaces of the United States Category:Companies based in New York City