Reported 11 months ago
Postmates founder Bastian Lehmann introduces Tiptop, a new payment method allowing consumers to trade in unwanted items at checkout, reducing the cost of their new purchases. The business model involves charging a fee to participating merchants, hoping to generate profit from margins on purchased goods. Tiptop aims to tap into an estimated $280 billion worth of trade-inable items in US households, offering customers access to a hidden 'bank account' of goods they can trade in. With a focus on enhancing customer experience and potential scaling, the small team behind Tiptop is prepared for the growth phase ahead.
Source: YAHOO