Peer-to-Peer Returns Services
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Frate Initiates Cost and Eco-Conscious Peer-to-Peer Returns
Jana Pijak — February 7, 2023Founded in Toronto, Canada, Frate is a peer-to-peer returns startup that aims to “reinvent returns for the betterment of the planet.”
In recent years, a growing demand for e-commerce products has resulted in increased financial losses for retailers, a higher volume of returns and an overall increased impact on our planet. Frate aims to change this by improving traditional returns with a more cost and eco-conscious business approach.
The company helps retailers initiate returns by shipping them directly from one consumer to the next, eliminating the need for shipping to a warehouse or fulfillment center in between transactions. "Rather than the customer shipping back products direct to the retailer, they hold the return at home and the retailer re-lists the item for sale. When that re-listed item is purchased by another customer, the initial customer is able to mail it directly to that person." Consumers are also given access to pre-made shipping labels for added convenience.