SQUAMISH, British Columbia (BRAIN) — OneUp Components is launching an online marketplace for selling certified pre-owned OneUp products.
"Buyers and sellers benefit from a protected buying and payment experience: get the item that was promised in the condition it was promised in, or receive a full refund," the company said of its program, called ReRide.
Unlike the used-gear programs run by some apparel brands, or some used-bike programs like Trek's, OneUp will not be buying or examining the used components, but it will promote the program in its website, process payments and manage a refund policy.
Sellers provide a short description of the item along with a few photos and receive a pre-paid shipping label when the item is sold. OneUp processes the payment and sellers can opt to receive 80% of the sale price in cash or 100% in OneUp store credit.
Buyers have 72 hours after delivery to inspect the item and file a claim if it is not in the condition described by the seller. If not opposed by the buyer, OneUp releases the funds to the seller after the 72-hour period.
The program is currently available in the U.S. and Canada but the company hopes to expand to other regions. The program is at reride.oneupcomponents.com.
OneUp was founded in 2013 by three former Race Face engineers. In 2022, it was acquired by Pon.Bike, the Dutch parent of Cervélo, Cannondale, Santa Cruz, Gazelle and other brands.
