Refil,Inc.

What Refil,Inc. does

ReFit, Inc. (dba ReFit, ReFitBeta; shoprefit.com) is a private US-domiciled company that operates a direct-to-consumer online platform for selling used smartphones for cash. The company issues an instant, server-side HMAC-signed quote based on live wholesale pricing, ships devices for free via prepaid UPS or FedEx labels with declared-value insurance, inspects devices within 24 hours, and pays the seller the same day via Venmo, PayPal, or USDT with zero seller fees. ReFit monetizes the spread between its quoted price to the seller and the wholesale resale value of the device.

The platform is built natively on Solana. Settlement uses USDT at a per-transaction cost of $0.00025 and 400ms block finality, and a 15-instruction on-chain smart contract escrow locks funds in program-derived accounts that the company cannot access, freeze, or reverse. Privy provides embedded wallet auto-creation so email-only customers can transact in USDT without awareness of the underlying blockchain. AI is used in the pricing engine and, on the roadmap, in dispute resolution.

ReFit's commercial model is currently one-sided buyback with hardware-resale margin. A two-sided P2P marketplace (planned 1% buyer / 2% seller fees), a governance/rewards SPL token (RFT), a community arbitration layer, and expansion into laptops, watches, and consoles are announced as later phases. Customers are predominantly individual phone sellers in the US, with crypto-native users and protocol builders identified as secondary cohorts. No outside venture capital, no parent company, and no management roster are disclosed in the source material; contact points point to a founder-led operation.

Name

Refil,Inc.

Website

https://shoprefit.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

ReFit, Inc. operates shoprefit.com, a Solana-based direct-to-consumer platform that buys used smartphones for cash via instant quotes, free insured shipping, and same-day payouts in Venmo, PayPal, or USDT with zero seller fees.

Ownership category

akta.pro rank

Product category

Mobile Device Trade-in and Resale

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Wholesale-Computers & Peripheral Equipment & Software (5045)

akta.pro primary industry

Managed Consignment & Authentication-led Resale (CRAFAGAN)

akta.pro secondary industries

Payments, Remittances & Merchant Acceptance (checkout, invoicing, payroll) (FSAPAEAE), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)

Keywords

• Phone trade-in platform
• Device buyback service
• Pre-owned phone marketplace
• Crypto payment settlement
• Mobile resale platform

Headquarters

HQ city

Boca Raton

HQ country

United States

HQ region

North America

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Technology or R&D, Operations, Marketing or Sales, Personnel, Infrastructure

Revenue model

1. Phone Buyback: ReFit purchases phones directly from sellers at quoted prices. Revenue generated from the margin between wholesale value and quoted price to sellers. Currently the primary revenue stream.
2. P2P Marketplace (Planned): Future peer-to-peer marketplace with 1% buyer fee + 2% seller fee. USDT settles in 400ms with on-chain escrow. In development, hidden until buyback has sufficient volume.
3. USDT Transaction Settlement: Solana blockchain settlement costs $0.00025 per transaction vs. traditional 3% payment processing. This enables zero seller fees while maintaining profitability through operational efficiency.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

ReFit operates a direct-to-consumer phone trade-in and resale platform. Consumers receive an instant 30-second quote for their device, ship it for free via prepaid UPS or FedEx labels with carrier insurance, and get paid the same day via Venmo, PayPal, or USDT on the Solana blockchain. The platform generates revenue from the spread between quoted seller prices and wholesale resale value, and operates a Shop for selling certified pre-owned phones. The architecture uses on-chain smart contract escrow, AI-powered dispute resolution, and is positioning for a future peer-to-peer marketplace with a planned RFT governance token.

Product overview

ReFit is a Web3-powered phone trade-in and marketplace platform built on Solana. The core offering consists of a direct buyback service (Trade-in) where users sell phones to ReFit for instant cash via Venmo/PayPal/USDT, and a Shop marketplace for certified pre-owned phones. The platform uses on-chain smart contract escrow for transaction protection and AI for dispute resolution. The architecture follows a phased roadmap: Phase 1 (live) covers trade-in and shop; Phase 2 (RFT Token) introduces governance tokens; Phase 3 (P2P Marketplace) enables peer-to-peer sales; Phase 4 (AI Disputes) adds automated dispute resolution; Phase 5 (Exchange) expands to laptops, watches, and other physical goods with device swaps and international commerce.

Differentiator

Problem solved

Functional benefit

Products and services

• Trade-in / Buyback
• Shop (Certified Pre-Owned Phone Marketplace)
• P2P Marketplace (Planned)
• RFT Token (Planned)
• AI-Powered Disputes (Planned)

Quantifiable outcome

• Prices 30-50% higher than Apple Trade-In and carrier offers
• +4 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability3 records

Feature6 records

Partnerships

Three partnerships are on record, tiered core and supporting.

• SolanacoreTechnology or IntegrationSolana blockchain provides the infrastructure for all ReFit transactions. Features include $0.00025 transaction cost, 400ms settlement time, and 65,000 TPS capacity. USDT is native to the chain, enabling borderless commerce.
• PrivycoreTechnology or IntegrationPrivy provides embedded wallet creation for email-only customers. Users can access crypto functionality (USDT payments, Solana wallets) without knowing they are using blockchain technology.
• ShipposupportingTechnology or IntegrationShippo integration provides prepaid UPS and FedEx shipping label generation. Includes carrier-native declared-value insurance auto-applied over $150. ReFit has hard fail policy - if Shippo is misconfigured, they 503 instead of generating mock tracking.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Back Market: Largest refurbished electronics marketplace globally, including smartphones. Operates a certified refurbisher model and is the scale incumbent ReFit's planned P2P marketplace will effectively be measured against.
• Apple Trade-In: Apple's official device trade-in program offering store credit at a 40-60% discount to market value. The incumbent ReFit publicly benchmarks against and claims to beat by 30-50%.

Direct peers

• Decluttr: Buyback platform for phones, tablets, and other electronics with instant quotes and free shipping. Operates the same core trade-in flow as ReFit but at much larger scale and broader category scope.
• Gazelle: Long-standing direct phone and device buyback company. Closest direct competitor in the 'sell your phone for cash' category, with the same instant-quote, ship-and-get-paid flow that ReFit targets.
• ecoATM: Automated phone buyback kiosks operated in retail locations. Direct competitor for the same consumer intent ('get cash for my old phone') via a different distribution channel — physical kiosks versus ReFit's online flow.
• Swappa: P2P phone marketplace with seller fees and PayPal-based payouts. ReFit explicitly positions against Swappa's 6.5% effective fee and 21-day PayPal holds, making it the most directly named competitor in the comparison content.
• ItsWorthMore: Online phone and device buyback with instant quotes, free shipping, and PayPal payouts. Closely comparable D2C phone buyback flow, payment methods, and target customer.
• uSell: Aggregator and direct buyer for used phones, tablets, and other electronics. Direct competitor in the same device trade-in category, with comparison-style consumer marketing.
• SellCell: Phone buyback comparison engine that routes sellers to the highest-paying buyer. Direct competitor for consumer acquisition in the same instant-quote category, with similar price-comparison marketing.

Emerging players

• Helio: Solana-based payments and commerce platform. Comparable as a fellow Solana-native commerce infrastructure builder with adjacent use cases in on-chain checkout and merchant payments.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/ReFit_SOL
• LinkedInlinkedin.com/company/refit-corporation

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Refil,Inc.