Type Private Website swap.com Parent organization Netcycler | Industry Consignment Founded 2004 | |
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Key people Juha Koponen (Co-founder & CEO)
Jussi Koskinen (Co-Founder)
Kelly Norris (SVP Operations)
Justin Knechtel (VP Marketing) Products Pre-owned Baby, Kids’, Maternity and Women’s Clothing and accessories Headquarters Bolingbrook, Illinois, United States Founders Jussi Koskinen, Juha Koponen Profiles | ||
7 recent sales on swap com online consignment
Swap.com is an online consignment store offering pre-owned baby, kid's, maternity, and women's apparel and accessories. The company operates out of the Chicago suburb of Bolingbrook, Illinois., and is the U.S. subsidiary of Netcycler Inc., an international company based in Helsinki, Finland.
Contents
- 7 recent sales on swap com online consignment
- Swap com simplifying consignment for american moms
- Company
- References
Sellers price their own items and Swap.com handles the fulfillment and returns process for items sold. Users can also trade or swap items on the site for free, which can be initiated when at least two users agree to swap items they have. Three-way trades are created when at least one user has something to trade, but wants something other than what their trade partner has to give.
Swap com simplifying consignment for american moms
Company
Swap.com is a platform for buying and selling pre-owned items. Sellers send their items to the Swap.com fulfillment center in Bolingbrook, IL, and then Swap.com checks the items for quality, individually packages the items and holds the item(s) in their warehouse for sale to a shopper on the platform. Swap.com charges a service fee of $1.50 + 25% of the selling price of each item, as well as a $8.90 valet service fee for processing and listing items that are sent to its logistics center.
The service started in late 2012 when Netcycler Inc. acquired Swaptree, operating on the Swap.com domain. The company closed Swaptree and launched what is now Swap.com in 2013 in 12,000 square foot facility in Addison, IL and relocated to a 67,000 square foot facility in Bolingbrook, IL in 2014.
In March, 2014, Swap.com launched a women's apparel service with 25,000 women's apparel and accessory items. The service is now the largest online consignment retailer with more than 380,000 items available for purchase.
In September, 2015, Swap.com will relocate again to a 360,000 square foot facility in Bolingbrook, IL and employ more than 200 people.