Gazelle Pays Out $200 Million for Consumers' Old Devices

BOSTON, MA--(Marketwired - Nov 18, 2014) - Gazelle, Inc., the pioneer in reCommerce and leading consumer electronics trade-in site, today announced it has paid $200 million to consumers for used devices. This milestone is a resounding signal of growing mass consumer awareness that old devices are worth cash -- even if the gadgets are used, unwanted, or even broken.

In 2008, Gazelle pioneered the reCommerce market, giving people the option to trade old gadgets for cash. To date, Gazelle has accepted more than two million devices, from a Motorola RAZR to an iPhone 6 Plus, from more than one million customers. Through its global market, Gazelle brings innovative consumer technology to people who would otherwise be unable to afford state-of-the-art technology.

Gazelle strives to offer the best consumer experience possible and recently unveiled reCommerce's next step. Buy.gazelle.com is a new service allowing people to buy Gazelle Certified pre-owned smartphones and tablets for less than they would pay for new devices. The Gazelle certification includes a rigorous 30-point inspection to ensure devices are fully functional. Unlike the hassles of purchasing tablets and smartphones, like navigating contract restrictions or making a major investment for a new device, Gazelle Certified pre-owned is a flexible, "no-strings-attached" solution.

"Paying $200 million for used mobile devices is a big win for American consumers, but it's also an amazing achievement for the entire Gazelle team," said Gazelle CEO, Chris Sullivan. "Gazelle built its business on establishing trust with our customers and this milestone is a testament to that. Now, we're taking the next step by expanding our services and giving people a reliable, flexible option to buy affordable devices. We're excited to see how our business continues to grow and expand as more and more consumers join in the reCommerce movement."

For more information on how you can trade-in your used devices, or purchase a certified pre-owned device, visit www.gazelle.com.

About Gazelle
Gazelle (www.gazelle.com) is the nation's leading consumer electronics reCommerce site, providing an easy, fast and safe way for consumers to get cash for their used electronics or buy Certified pre-owned devices. Gazelle reduces the risk and effort of buying and selling pre-owned electronic gadgets online with benefits such as comprehensive data removal and a reputation for very strong customer service, recognized by an A+ Better Business Bureau rating and a 9.5/10 Reseller Ratings review average. To date, Gazelle has paid out more than $200 million and bought and resold more than 2 million devices, helping consumers upgrade to the latest technology. Based in Boston, Gazelle is privately owned and is backed by premier venture capital firms Venrock Associates, RockPort Capital Partners and Physic Ventures.

Gazelle is a trademark of Gazelle, Inc., registered in the U.S. iPhone 6 Plus and iPad are trademarks of Apple Inc., and Motorola RAZR is a trademark of Motorola, Inc., registered in the U.S. and other countries. Gazelle is not affiliated with Apple or Motorola.