The phrase indicates the act of exchanging used or unwanted electronic devices for monetary compensation from entities located in proximity to the individual initiating the transaction. As an example, an individual seeking to dispose of a used smartphone might search online for local businesses that offer cash in exchange for such devices.
This practice provides several advantages. It allows individuals to recoup some of the initial cost of their electronics, contributes to the reduction of e-waste, and supports local businesses. Historically, such transactions were limited to pawn shops or classified ads. The advent of the internet and location-based services has streamlined the process, making it easier and more efficient to connect sellers with potential buyers in their immediate area.
