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Cashify (formerly known as ReGlobe) is a recommerce company with headquarters in Gurgaon, India.It was founded in 2009. It operates as an online marketplace where users can sell their used electronic gadgets like mobile phones, tablets, smartwatches, laptops and video game consoles to professional buyers.
In electronics, refurbishment is the practice of restoring and testing a pre-owned electronic device so that it can be re-sold. Refurbished electronics are therefore pre-owned electronic devices (usually smartphones, tablets, or laptops), that have been tested by a reseller to confirm that they are fully working.
The market has a lot of different types of electrical products. To categorize these products, it is necessary to group them into sensible and practical categories. Classification of the products may even help to determine the process to be used for disposal of the product. Making the classifications, in general, is helping to describe e-waste.
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The whole product is refurbished and critical modules are overhauled, upgraded or replaced. Any defects in the original design are eliminated. This is the case for customized remanufacturing of machine tools, airplanes , computer mainframes , large medical equipment and other capital goods.
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One way to address this is to increase product longevity; either by extending a product's first life or addressing issues of repair, reuse and recycling. [2] Reusing products, and therefore extending the use of that item beyond the point where it is discarded by its first user is preferable to recycling or disposal, [3] as this is the least energy intensive solution, although it is often ...
Moreover, when this product exceeds local demand, recommercers sometimes turn to foreign markets to sell the products they have purchased. Thus, the recommercer sells some of these used functional products in emerging markets where access to technology and accelerating economic development are reserved for some part of the population.