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Netcycler
Netcycler was an online service for consumers that facilitated Swapping (barter), swapping, giving away and Trade, trading pre-owned goods between users. The service was not only for direct person-to-person swaps, but also enabled trade rings of up to five persons. Trade rings were supported using in-house developed technology. The company was founded in February 2008 by D.Sc. Juha Koponen and M.Sc. Jussi Koskinen. Netcycler was launched in Finland in March 2010. Netcycler Germany was launched in October 2010. Netcycler UK launched in May 2011. In August 2012 the company acquired Swap.com in the USA, and it launched the Swap.com Valet Service in October 2012. The Valet Service focuses on trading kids' items. In Netcycler, swapping, giving and receiving items were all free of charge. For sales transactions and shipping services Netcycler charged a fee. Developing Netcycler had been possible with the support of Tekes (agency), TEKES (The Finnish Funding Agency for Technology and Innov ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Swapping (barter)
In trade, barter (derived from ''baretor'') is a system of exchange in which participants in a transaction directly exchange goods or services for other goods or services without using a medium of exchange, such as money. Economists distinguish barter from gift economies in many ways; barter, for example, features immediate reciprocal exchange, not one delayed in time. Barter usually takes place on a bilateral basis, but may be multilateral (if it is mediated through a trade exchange). In most developed countries, barter usually exists parallel to monetary systems only to a very limited extent. Market actors use barter as a replacement for money as the method of exchange in times of monetary crisis, such as when currency becomes unstable (such as hyperinflation or a deflationary spiral) or simply unavailable for conducting commerce. No ethnographic studies have shown that any present or past society has used barter without any other medium of exchange or measurement, and an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
