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© 2026 ReFit

How it works

Phone trading,
fixed.

Lower fees. Higher payouts.
More money in your pocket.

We use AI and smart contracts to cut out the middlemen — and pass the savings back to you. Phones are just the start.

What we solve

Selling a phone costs more and takes longer than it needs to.

Every existing option has a tradeoff. Solana gives us new tools — sub-cent settlement, on-chain escrow, trustless finality — that let us strip out the middleman cost without losing the trust.

eBay
The pain

13%+ final value fee, optional promoted listing ~4%. 3–21 days to get paid. Chargeback window up to 180 days.

What we do

3% total on our marketplace (1% buyer + 2% seller). USDC settles in 400ms. No chargebacks once delivery confirms on-chain.

Apple Trade-In
The pain

Store credit only — can't use it outside Apple. Typical offer is 40–60% of market value.

What we do

Cash in your Venmo, PayPal, or USDC wallet. You can spend it anywhere. Our prices beat Apple by 30–50% on most models.

Swappa
The pain

3% seller fee plus 3.49% + $0.49 PayPal processing. PayPal holds funds 21 days. Account freezes are common.

What we do

Flat 2% seller fee on our marketplace. USDC can't be held or frozen by a payment processor — it moves on-chain when escrow releases.

The common pattern: trust is held by middlemen who can freeze funds, reverse transactions, or set the price. Solana + on-chain escrow lets us replace the middleman with code.

Today

We buy your phone. One transaction, three steps.

Every quote is HMAC-signed server-side — no price manipulation possible between browser and submit. Every shipment carries carrier-insured declared value. Every payout flows through Venmo, PayPal, or USDC at the customer's choice.

01

Quote

Pick your phone, condition, carrier. Our pricing engine reads live wholesale data and returns a signed quote in 30 seconds. Quote is locked for 30 minutes server-side.

02

Ship

Free prepaid UPS or FedEx label with carrier-native declared-value insurance auto-applied over $150. Signature-on-delivery required over $500.

03

Paid

We inspect within 24 hours. Payout sent the same day via your chosen method. On-chain receipts for USDC, reference IDs logged for Venmo/PayPal.

The moat

On-chain escrow. Full dispute lifecycle. Built on Solana.

The next phase is peer-to-peer: any user lists a phone, any buyer purchases it, and our escrow contract holds USDC until delivery is confirmed. 15 instructions cover every state transition — funding, shipment, delivery, timeouts, disputes, and arbitrated resolution.

1
Buyer funds
USDC locked on-chain
2
Seller ships
Tracking confirmed
3
In transit
Timeout if no scan
4
Delivered
72h inspection window
5
Paid
Auto-release to seller

Happy path

  • create_escrow
    Buyer initiates, locks metadata hash on-chain
  • fund_escrow
    Buyer deposits USDC into the PDA
  • confirm_shipment
    Seller marks in-transit with tracking
  • confirm_delivery
    Buyer confirms receipt, releases USDC
  • auto_release
    Falls through after inspection window
  • close_escrow
    Account closed, rent refunded

Escape hatches

  • cancel_escrow
    Buyer cancels before seller ships
  • expire_funding
    Refund if buyer doesn't fund in time
  • expire_shipping
    Refund if seller doesn't ship in time
  • open_dispute
    Either party raises disagreement
  • resolve_dispute
    Arbitrator splits funds (basis points)
  • initialize_arbitration
    Admin sets dispute fee + window
Funds are locked, not held

USDC sits in a program-derived account — not our treasury, not PayPal's balance sheet. We can't freeze it, reverse it, or access it.

Time-bounded outcomes

Every state has a deadline. Funding, shipping, and inspection each have their own expiry — no indefinite holds, no silent freezing.

AI arbitration, humans on appeal

Most disputes are clear from tracking + photos. AI pre-screens and resolves the obvious ones in minutes. Edge cases escalate to human review. Both parties can appeal.

Why Solana

The only chain where this works for everyday commerce.

400ms
Block finality

Confirmations in the time it takes to blink. No "is it settled yet?" anxiety.

$0.00025
Avg transaction cost

Sending USDC costs a fraction of a cent. Profitable even on a $50 phone.

65,000
TPS capacity

Room to grow from 100 orders/day to 100,000 without a fork.

USDC is native to the chain. Privy auto-creates embedded Solana wallets for email-only customers — they use crypto without knowing it. A buyer in Brazil can pay a seller in Texas in under a second for under a penny. That's not possible on any other chain at this maturity.

Season 1

The first 100 sellers build the protocol.

Early participation earns weighted loyalty points. Tier is locked when your trade-in is paid out — no slot is burned by abandoned orders. Points may be relevant to future protocol ownership when we launch our governance token. They're not redeemable for money and not transferable between accounts.

Orders 1–25
Founders5x

The earliest supporters. Outsized weighting.

Orders 26–50
Early3x

Believers who showed up in the second wave.

Orders 51–100
Season 12x

Finishing the opening cohort.

Orders 101+
Post1x

Season 2 will take a new shape.

Referrers earn at the same tier multiplier as the order they referred. If you bring in a Founder, your referrer share is also 5x. This is on purpose — it rewards the people who spread the word when it mattered most.

Where this goes

Phones are the wedge. The exchange is the destination.

01Live

Buyback

We buy phones directly. Venmo, PayPal, or USDC. Free insured shipping. This is what's live today.

02Next

P2P Marketplace

Users sell to users with on-chain escrow. 1% buyer fee + 2% seller fee. Built. Hidden until buyback has volume.

03Planned

RFT Token

Reward early sellers retroactively. Stake for fee discounts. Governance. Community-owned protocol.

04Vision

RWA Exchange

Laptops. Consoles. Watches. Any physical good that benefits from escrowed P2P trading. The protocol generalizes.

Full roadmap

Operating principles

The things we won't compromise on.

Signed quotes, enforced server-side

Every quote carries an HMAC-SHA256 signature. Tampered prices are rejected at submit. No race conditions, no last-minute switcheroo.

Insurance on every shipment

Carrier-native declared value auto-applied over $150. Signature required over $500. Transparent, documented, uniform.

Hard fails over silent fallbacks

If Shippo is misconfigured, we 503 instead of generating mock tracking numbers. Fail loud, never mislead.

Mandatory reference on manual payouts

Admin can't record a Venmo/PayPal payment without logging a transaction reference. Every dollar has a paper trail.

Try it, or come build it with us.

Get a quote in 30 seconds to see the experience. Or reach out if you're interested in what we're building.

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