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Mercari's main product is the Mercari marketplace app, which allows users to buy and sell items quickly from their smartphones. In Japan, the app is known for its ease of use and unique shipping system, which allows users to ship items anonymously from local convenience stores through agreements with Yamato Transport and Japan Post.
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The company raised US$100 million in 2015, [6] one of the five largest first rounds of venture capital financing since 2008. [15] Following a merger in May 2016 with Wallapop, a competitor with a reported valuation of about $570 million, the company raised an additional $100 million. [10]
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Multiple methods are used to trick the carrier into misdelivering the package. Usually, the scammer will edit the label. Various edits are possible, for example, changing the shipping address, removing barcodes, removing any indication that the package is a return, or printing certain parts of the label in disappearing ink.
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The service displays a map of the merchandise pickup and delivery locations, and attempts to use the nearest available outlet, [17] [18] although not always successfully. [ 21 ] [ 23 ] In October 2017, merchant partners included Walmart , [ 24 ] Target , [ 25 ] Costco , and Fry's Electronics .