// OnBuy to introduce dedicated department for refurbished electronics for the first time
// The new focus is in response to growing demand for second-hand electronics and sustainability
OnBuy is set to introduce a dedicated department for refurbished electronics for the first time, following a significant increase in demand.
The move comes as consumers are increasingly buy refurbished products with both sustainability and cost being key motivators.
OnBuy said the new section, called Refurbished Electronics, on its online marketplace would provide customers with access to top branded products at more affordable prices.
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OnBuy said products in the new section will be in full working order with a warranty and will span everything from second-hand and refurbished headphones, laptops and TVs, household appliances such as vacuum cleaners and toasters, as well as toys, drones and scooters.
The British retailer said all sellers within Refurbished Electronics have been “carefully handpicked and vetted by OnBuy”, and that five refurbished grades are available.
“This additional focus on refurbished products is part of our ongoing evolution and underpins our commitment to creating a fairer, more transparent marketplace that puts its buyers and sellers first,” OnBuy founder Cas Paton said.
“We recognised that our sellers have hidden gems and will be offering refurbished products from top brands for incredible prices.
“This will benefit both our sellers and buyers and further fuel the exponential growth which has seen us become one of the fastest-growing marketplaces in the world.”
OnBuy recently announced it was seeking a second round of investment funding to capitalise on immediate growth opportunities, topping up their previous funding round of £2.7 million.