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Technology Stocks : eBay - Superb Internet Business Model -- Ignore unavailable to you. Want to Upgrade?

To: John Liu who wrote (120)	9/21/1998 7:45:00 PM
From: clutterer	Read Replies (2) \| Respond to of 7772

check out MALL, spinning off UBID soon after e-bay IPO

To: John Liu who wrote (120)	9/21/1998 7:49:00 PM
From: lloyd bashaw	Respond to of 7772

i-Escrow Inc. Introduces New Transaction Management Service to Boost Confidence and Convenience in Web Commerce Between Individuals PR Newswire - September 21, 1998 07:14 Active Users of Online Auctions Now Have Management Tool to Track Sales Volume And Provide Better Service SAN MATEO, Calif., Sept. 21 /PRNewswire/ -- i-Escrow Inc., the leading automated facilitator of e-commerce transactions between individuals, today announced new services designed to streamline the online trading process and to let online buyers and sellers more easily manage their transactions. Online shoppers who are very active users of Web auctions, online classifieds and newsgroups can now easily monitor their trading activity by reviewing past transactions, pending sales and action items in one easy-to-read chart. This feature, called QuikTrack, is especially useful for sellers who are simultaneously serving several buyers and thus need to track shipping deadlines and payment schedules for multiple transactions. In addition, i-Escrow's new QuikLog registration procedure confirms an email address and password that can be used for all transactions. This means repeat customers who regularly prefer the security of a third-party facilitator now only need to register once rather than during the course of every subsequent sale. Shoppers want security regardless of the size of the transaction "Online shoppers and auction sites are increasingly relying on outside sources to provide an extra layer of security for transactions of all sizes," said Sherman Kwok, president and CEO of i-Escrow. "Our zero-tolerance policy against fraud is a key part of our pledge to provide that trust. With initiatives like transaction management and others we have planned, we are redefining the role of the intermediary and expanding the focus to make the online shopping experience even more enjoyable." E-commerce between individuals, or i-commerce, is expected to continue its rapid growth with the proliferation of Web auctions, online classifieds and newsgroups. Since buyers and sellers are often strangers, i-Escrow serves as an intermediary by holding funds from the agreed-upon sale price until the buyer deems the merchandise acceptable within a specified inspection period. i-Escrow is the transaction facilitator of choice among more than a dozen i- commerce leaders including eBay and Onsale. Ensuring trust, improving shopping experience key to growth of i-commerce "As the Web matures into a more secure environment to transact business, there will still be a need for a supplemental safety net for shoppers looking for additional peace of mind," said Jeff Skoll, vice president of strategic planning and analysis at eBay. "i-Escrow's innovations, such as transaction management and full automation, will play a key role in improving the shopping experience and furthering the growth of i-commerce." Clay Monroe, a stay-at-home father in Seattle and a regular user of i-Escrow's service, spends up to 20 hours a week online selling computer components. He first used i-Escrow service about nine months ago to close a sale quickly and to avoid losing a buyer's payment through the postal service, as had happened before. "i-Escrow's service is fast, secure and convenient, especially for my buyers who want the ease of paying with a credit card," said Monroe. About i-Escrow Inc. i-Escrow is the leading automated i-commerce facilitator. The privately owned company, based in San Mateo, Calif., serves as a trusted third party to facilitate transactions between individuals in online classifieds, Web auctions and newsgroups on the Internet. i-Escrow can be reached via the Internet at iescrow.com. SOURCE i-Escrow Inc. /CONTACT: Johnny Wong of i-Escrow, 650-638-7888/ /Web site: iescrow.com Headlines Previous Story Next Story