BargainAndHaggle.com and Citibank`s c2it Set Payment Provider Agreement
Top Negotiated Commerce Marketplace Signs Agreement to Promote
c2it Payment System
GRAND RAPIDS, Mich., Dec. 20 -- The leading alternative to
online consumer auctions, BargainAndHaggle.com (http://www.bargainandhaggle.com),
today announced an agreement with Citibank`s c2it (SM) service to feature and
actively promote its online payment system.
c2it is a person-to-person online funds transfer system by which virtually
anyone in the U.S. with an email address can send and receive money online
within the U.S. for free. It also features an international money transfer
service that allows payments to be sent to more than 80 countries around the
world.
Grand Rapids, Mich.-based mindpepper(TM), LLC, the Internet product
development company that operates BargainAndHaggle.com, said the agreement
will allow users of the negotiated commerce website to make payments using
c2it when buying and selling. BargainAndHaggle.com will promote c2it through
banner ads, text links and other channels.
"The addition of c2it reflects BargainAndHaggle.com`s commitment to
providing the most efficient and effective tools for buying and selling
online," said Catherine Ettinger, CEO of mindpepper. "A key advantage of
BargainAndHaggle.com is the ability to complete a deal in moments instead of
days. c2it gives our users an important new currency for conducting efficient
and secure negotiated transactions. Also, since c2it customers now can send
money for free within the U.S., this would add even more value to
BargainAndHaggle`s user base."
Unlike auctions and other marketplaces, BargainAndHaggle.com lets the
seller and buyer work one-to-one. Once the seller posts an item with an
asking price, the buyer makes an offer. Then they negotiate, during which
time either side can accept the terms of sale, make a counter offer, or walk
away.
After less than a year of operation, BargainAndHaggle.com now has over
600,000 registered users, is generally ranked second only to eBay in consumer-
to-consumer sites, and expects to be profitable in 2002.
BargainAndHaggle.com`s patent pending process allows buyers and sellers to
negotiate one-to-one for everything from real estate and automobiles to
consumer electronics, collectibles and sports memorabilia.
About Citibank
Citibank is part of Citigroup (NYSE: C), the preeminent global financial
services company with some 190 million customer accounts in more than
100 countries, providing consumers, corporations, governments and institutions
with a broad range of financial products and services, including consumer
banking and credit, corporate and investment banking, insurance, securities
brokerage and asset management. Major brand names under Citigroup`s trademark
red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney,
Banamex, and Travelers. Additional information may be found at:
http://www.citigroup.com.
About BargainAndHaggle.com
BargainAndHaggle.com was conceived and developed by mindpepper, LLC, an
Internet and technology development company established from the IT e-services
division of national consulting firm BDO Seidman LLP. mindpepper
(http://www.mindpepper.com) develops and markets practical technology products,
including dynamic pricing and transaction models for e-commerce applications.
For more information, please visit http://www.mindpepper.com/pressroom.asp
CONTACT:
For BargainAndHaggle.com:
Don Hunt or Ryan McGrath
Lambert, Edwards & Associates, Inc.
1-616-233-0500
dhunt@lambert-edwards.com
Catherine Ettinger, CEO, mindpepper LLC
1-616-458-1228
cettinger@mindpepper.com
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