You're referring to Undercovers, the consignment bookstore (not Underground, the photocopy/printing place). It's in the basement of the Student Centre.
It is that simple, you sign an agreement to keep you books there for at least 2 months. You price your books however you want and they'll put them in the store for other people to buy. When a book is sold, they'll notify you via e-mail and you come in with your debit card and they'll refund the price of the book into your debit account. Undercovers charges 20% of the selling price of the book for this service.
You could also try selling books on the
Titles Used Book Classifieds, I've bought and sold books on there.