Peloton to charge sizable 'activation fee' for used equipment purchases

Consumers in the United States and Canada who buy used Peloton exercise machines will face a "used equipment activation fee."

The fitness company, which reported its fourth-quarter earnings Thursday, revealed it will begin collecting the new one-time fee from people who acquire their Peloton equipment from former owners through secondary sales not conducted by "Peloton-owned channels or any of our third-party distribution partners."

The "used equipment activation fee" will cost $95 in the U.S. In Canada...