What it does:
Pricetack enables online sellers to offer items with scheduled price reductions. Sellers specify an initial price which is scheduled to decrease over time until the item is sold. Buyers can purchase immediately or wait for a discount. However waiting risks losing the item to another buyer.

How it beats the competition:
Pricetack is the web’s only “automatic markdown” service. This format enables price discovery like auctions but without the downside of low reserves or requiring buyers to wait for completion. This format organizes best offer negotiation without requiring buyer/seller interaction. This format lends itself well to customer engagement since prices are constantly changing.

Site:
http://pricetack.com

Twitter:
http://twitter.com/#!/pricetack

Facebook:
http://pricetack.com/pricetack

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What it does:
Sellmoo is an auction site with a twist, you pay per bid and every time you bid the price of an auction only goes up a penny.

How it beats the competition:
Compared to normal online shopping and auctions, we add an entertaining and competitive twist along with a great customer experience.

Site:
http://Sellmoo.com

Twitter:
http://twitter.com/#!/Sellmoo

Facebook:
http://www.facebook.com/Sellmoo

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BigDeal lets users purchase virtual bids $0.75 each which can then be used to bid on goods ranging from video games to high-end televisions. Whenever you bid on an item, its price increases by $0.15 and an extra 30 seconds are tacked on to the duration of the auction. With this model, items end up selling substantially below their market value. But one of the main criticisms of Swoopo was the risk of losing your money spent on bids (regardless of whether you win or not) when the auction concludes. BigDeal takes a couple of steps to mitigate this risk.

With BigDeal’s model, any users who get outbid get a full credit of the money uses for bids to buy the item via a “Buy Item Now” option (which Swoopo also has, called “Swoop-it-now”). So if you spent $10 on bids, your Buy It Now price will be dropped by $10. Of course, the Buy It Now price will frequently be higher than the price of item sold for in the auction but at least users aren’t necessarily losing money all together. And the Buy It Now price is set at the same price that Amazon lists for the same product.

That’s not all. BigDeal provides an added incentive for bids by letting all users trade in the money they spent on bids for gift cards. All users get $1 gift card discount for every $1 spent on bids. So if you buy $25 in bids, BigDeal will give you a $100 gift card for $75.

[Via TechCrunch]

Site: http://www.bigdeal.com/

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