San Bruno, CA , November 4, 2005 — A new online marketplace, TestMart Direct, offers users free protection and other benefits when buying and selling technical equipment to unknown sources.
Users of www.testmartdirect.com have posted thousands of equipment listings to date.
- Sellers get free stores with unlimited listings, guaranteed payment while TestMart Direct manages the transaction.
- Buyers get free money-back guarantee protection, a 5-day right of return and negotiation tools.
- Users retain their privacy in all communications until items are purchased.
Sellers list items for free. Once a buyer orders and makes payment to TestMart Direct, the seller ships the item. Buyer gets 5 business days to verify item meets advertised specifications. TestMart Direct pays the seller only when the right of return expires and charges the seller a fixed 8% transaction fee. If the buyer chooses to return the item, TestMart Direct will refund the buyer once seller receives the return.
“Buyers get what they want or their money back. Sellers get paid or their equipment back,” said Luke Fretwell, TestMart Direct Program Manager.
“The test and measurement community wanted a way to sell pre-owned equipment without upfront costs, confusing hurdles and payment risks. Now they have one.”