'ByeBuy' is a new retail subscription service that allows customers to rent any product. Many consumers have begun moving away from the need for total ownership of products with different types of streaming services such as Netflix, Pandora and Spotify. ByeBuy is looking to extend this model to a whole new range of products by offering customers unlimited rentals of products such as smartphones, game consoles and even wearable tech.
ByeBuy operates as an all-subscription retailer and charges customers a flexible subscription fee in order to use its service. The service allows users to rent any product or device for a fraction of what it would cost to actually own the item. The customers can then keep the device for as long as they want and return it when they no longer need it.
The service allows users to not only test out the latest products, but it also prevents them from getting stuck with older technology.