How do prices work on Back Market’s marketplace?
We’re answering questions from you, about us. It looks like you’re dying to know about how prices work on Back Market’s marketplace.
TL;DR — Prices on Back Market can be up to 70% off the list price of a brand-new device — Prices on Back Market fluctuate based on market supply and demand — How refurbished tech looks is up to you: you can pick between Fair, Good, and Excellent appearance but they’re all in perfect working condition (100% fully functional) — Refurbished tech is a solid option if you want to pay for the tech and not the brand label — Chocolate chip cookies forever
THE LONG VERSION: Prices on Back Market are up to 70% off the MSRP price (list price) of a device. So if a brand new device is listed at $100 MSRP, a refurbished one on Back Market can cost as little as $30 (or 70% off). But since Back Market is a marketplace, the prices (or percentage discount) fluctuate based on the demand for a device and how much of it exists. (Yep, we’re talking about supply and demand).
Economics aside, we always thought it was a little funny that brand-new tech is priced for more than just the tech itself. What does this mean? When it comes to brand-new tech, costs are inflated because you’re paying for the brand label. It’s kind of like with designer handbags — it might cost $50 to make the bag, but you buy it at $1000 because that’s what the brand name costs.
P.S. We ate all the cookies.
Writing about tech, sustainability, and all things Back Market.
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