NEW YORK–(BUSINESS WIRE)–Prizeout Corp. (Prizeout), a performance-based ad-tech company that connects customers withdrawing money with brands looking to capture their spend, announced today their partnership with SidelineSwap, the largest online direct-to-consumer resale marketplace for new and used sporting goods.
Through this partnership, SidelineSwap sellers can use Prizeout’s platform to withdraw the money they’ve earned from selling their gear. Sellers can choose from a variety of digital gift cards to national, big-name chains as well as small, up-and-coming ecommerce businesses, many of which offer added value on top of the gift card amount. This means that a seller accessing $100 of their earned funds could, for example, receive $120 to use on select retailers and restaurants.
“Resale marketplaces are an amazing place to give people more value on something they’ve purchased; and following our mission of giving people more for their money, it was a no-brainer for us to work with SidelineSwap,” said Prizeout CEO, David Metz. “If we can give sellers even more incentive to make sports more sustainable and accessible, that’s a win-win for us.”
To-date, SidelineSwap has helped over 1 million athletes resell their used gear and is part of the larger global resale movement, led by fashion resale marketplaces such as ThredUp, The RealReal, and Poshmark. As a part of this partnership with Prizeout, not only will SidelineSwap provide sellers with the opportunity to cash out with added value to their favorite brands, but SidelineSwap will also be featured as a gift card offering across Prizeout’s partner platforms, creating a new channel for their customer acquisition.
“We are excited to partner with Prizeout to offer our sellers more options and more value for reselling their sports gear on our platform. We have always prided ourselves on giving athletes an easy way to maximize the return on the resale value of their used sports gear, and our partnership with Prizeout further enhances the value they receive selling on SidelineSwap,” said Doug Smith, VP of Partnerships, SidelineSwap.
Prizeout is redefining the status quo of cash out options and financial flexibility by ensuring customers can turn digital funds into a diverse portfolio of branded currency. By way of partnerships like this one with SidelineSwap, Prizeout is bolstering its mission to increase purchasing power for consumers everywhere, while providing seamless integration and secure transaction processes.
Prizeout is a first-in-class ad-tech company that works within the gaming, gig-economy, payroll & finance industries to turn withdrawals into a growth solution for ecommerce & retail businesses. Operating as a digital cashout marketplace, Prizeout connects brands that are looking to acquire and retain customers with platforms that have users who are looking to withdraw funds. Through its exclusive partnerships, Prizeout offers users unprecedented access to bonus offers on popular and emerging brand favorites, while providing them with a fast, secure and curated experience.
The company was founded in 2019 and is headquartered in New York City.
SidelineSwap, the world’s largest online sporting goods marketplace, makes it easy for athletes and fans to buy and sell new and used gear. Since founding the company in 2015, more than 1,000,000 athletes and fans have joined the SidelineSwap community. Sellers can easily list gear for sale in seconds on our website or mobile app, and buyers can shop a huge selection of new and used gear from top brands while saving up to 70% off the retail price. SidelineSwap is the resale partner of choice in sports — working with leading retailers, brands, software platforms, and leagues to deliver marketplace experiences to their customers. In 2020, SidelineSwap was recognized for the second consecutive year as one of the fastest growing marketplaces on Andreessen Horowitz’s A16z Top 100 marketplace list.