December 22nd, 2009
First barter site to require verification for user security
NEW YORK, December 22, 2009 – BarterQuest (www.barterquest.com), a platform that supports the cashless exchange of goods, services and the use of real estate, today announced that all users will be required to verify their accounts in order to actively trade on the site. While you will be able to browse the site, search for items, and post items you have to trade, you will not be able to initiate or respond to trade offers until you are verified. Users who are already registered have until March 1, 2010 to verify, and will be able to continue to trade in the same manner as before.
Verification is intended to provide users with greater security when they trade. By verifying potential trading partners, this feature is will increase the confidence of users that they are trading with legitimate counterparties and that they will get what they bargained for. There is a one time verification fee of $1.99, the payment of which will be used in the account verification process.
“Trust can be earned and, over time, the reliable trader on our site will be rewarded with a superior user’s rating,” stated Bianca Han, Executive Vice President of BarterQuest. “Nevertheless, anything that can add to the trading comfort of our users and make it more difficult for the ‘bad guys’ is something that we should provide. We believe that verification will be increasingly demanded in the Internet-based consumer market, and this is another opportunity for BarterQuest to lead the way in e-barter.”
BarterQuest supports the cashless exchange of all types of goods, services, and real estate. BarterQuest provides a trading platform based on proprietary technology (patents filed) that instantly matches the haves and wants of users for two party and multi-party trades. Barter is facilitated by a user friendly Web design that is unique in its combination of features that support trading. BarterQuest is headquartered in New York, NY and is owned and operated by JPM Global, Inc., a Delaware corporation. For more information, visit www.BarterQuest.com.