Auctionbytes-NewsFlash, Number 58 - April 09, 2001 - ISSN 1539-5065
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eBay Invests in ReturnBuy Inc.
By Ina Steiner
AuctionBytes.com
ReturnBuy closed a $15 million second round of funding, with eBay taking a strategic minority investment in the company. ReturnBuy allows retailers, distributors and manufacturers to reduce processing costs and increase resale revenue on the growing volume of returned merchandise. It uses channels such as eBay to auction returned goods to consumers. ReturnBuy's online auction channels increase resale revenue from returns, enabling ReturnBuy to recoup three to five times more value for its clients than through traditional liquidation.
http://www.returnbuy.com/consumer
http://www.returnbuy.com/business
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