The idea for uSell.com came in 2006 when Feirstein tried to sell items on
eBay and found it extremely difficult with the
peer-to-peer model marketplace. The Usell.com marketplace was launched in 2010. It was originally operated under the name Upstream Worldwide, Inc, (with publicly traded symbol UPST) but in 2012 changed names to uSell.com, Inc. In 2012, uSell.com acquired EcoSquid, Inc., a website co-founded and led by Benjamin Gordon that compared and displayed ranks and options for trading in or recycling old electronics. As of September 2013, the company has facilitated the purchase of more than 200,000 devices and paid out more than $10 million to customers through the Usell.com marketplace. in 2018, the company raised $4.8 million. They also incorporated a new entity, PhoneX Holdings Inc. and transferred to this new subsidiary all of its technology assets related to the online, wholesale distribution of used smartphones.
Investors uSell.com is traded publicly on the
OTC market in the
United States. Investors include billionaire
Phillip Frost and several millionaires from his Frost Group. ==Website overview==