Definition - What does Recommerce is a general term for a
practice in which a seller of goods allows for a certain kind of
exchange between customers. In recommerce situations, those who
have bought products can “sell back” obsolete or otherwise
undesirable products, either for a cash payout or in exchange
for a different product. These scenarios generally involve pre-
approved contracts designating a value for something that the
customer would like to sell back to the original vendor.
Recommerce is now a prominent part of modern retail; many
consider recommerce to be loosely related to other innovations
like e-commerce in that recommerce is congruent with the
emerging value of transience that has come with new technologies
like the Internet. In recommerce, the customer and the seller
realize the value of "right-sizing" a physical cache of both
large and small assets. Recommerce is also seen as a resource-
saving phenomenon. Recommerce programs often involve a
responsibility on the part of the seller or the thi