QUOTE: we are excited to offer the gaming world this long-overdue service that allows players to trade away their old games to acquire the games they want to play." long overdue. dont think so! www.itradevideogames.com has been around for well over a year. can you say Knock off. itrades press release Itradevideogames.com looking to lead the used video game market www.Itradevideogames.com helps cut out the middleman in the buying and selling of used video games TORONTO, ONTARIO--(CCNMatthews - Dec. 23, 2005) - www.Itradevideogames.com is a state of the art online service that creates a user-friendly environment for video game enthusiasts to network with each other to buy and sell their used video games. Using the itradevideogames database members can easily list the video games they want to sell, search for and buy video games from other members, keep a record of all their transactions, and make a list of friends they wish to continue trading with.Platforms of games are Xbox360,Xbox,Psp,Ps2,Gba,Ds,and Game cube The website encourages members to sell their video games in order to generate funds to buy video games. All financial transactions on itradevideogames.com are conducted using the website's internal currency known as iBucks. All games on the website are priced at current market value (the price you'd probably expect to pay at a used video game retailer) and listed for sale on the website in iBuck currency. As a member you'll be assigned an individual account where you can amass iBucks to buy the video games you want. You can generate iBucks by selling your games or purchasing them for $1USD each. There is no fee for selling your games and only a small transaction fee (in the form of iTrades) for buying games. One iTrade is purchased on the website for $1USD each. As an example, lets say you notice a hot new game listed for sale on the website for 40 iBucks that you wish to buy. You happen to have two games you want to sell valued on the website for 20 iBucks each. By selling those games and purchasing one iTrade you are now able to buy the 40 iBuck game you wanted. Since all games are bought and sold for their current market value sellers can expect to get the best possible value for their used video games ( without a middleman taking a large cut ). Lee Babin, the website's administrator, explains the advantages this way: "Up until now if you wanted to trade in your video games towards the purchase of a new or used game you'd go down to your local video game store and take whatever they offered. Most times you'd be lucky to get even a third of a video game's original value. The retailer on the other hand will turn around and sell that same game for near the original retail price. With itradevideogames.com, when a game is listed for 40 iBucks that full value will go to the seller. With the full value of the game(s) you sell going into your iBucks account you can then purchase video games on the site with little or no money coming out of your pocket. As well iBuck dollars are completely transferable between members and can even be sold amongst members if they so wish. There are even future plans in the works to allow members to use their iBucks at sister trade sites, to buy goods other than video games." Buying video games on the website is virtually stress-free. Once a game is sold iBuck dollars are instantly withdrawn from the purchaser's iBuck account and kept in escrow until the purchaser receive the game. Once the purchaser acknowledges that they have received the game in good order, the iBucks are then taken out of holding and transferred to the seller's account. Of course with any online business transaction there is a certain amount of inherent trust that must be given. The site is encouraging good trading practices by giving buyers and sellers a chance to rate and leave feedback on fellow members, much in the way it is currently done on well-known and respected "auction" web-sites. Members with positive feedback and high ratings will be able to continue using the website to great benefit while members who choose to abuse the system will soon find themselves out in the cold. The used video game market generates well over a billion dollars a year globally in sales, the bulk of which goes into the hands of retail stores. Itradevideogames.com by design helps keep the money in the pockets of the video game consumer. A breakdown of many of the website's features include: -Internal e-mail system between traders -Buddy list -Internal game portfolio, with current retail pricing for each game -Top ten most popular traded games list -Top ten requested games list -Internal rating system for traders -Feedback messaging system -At-a-glance account status -Game condition rating -Trading history -My request list (displays your requested games once they become available) -A "Pending trades" listing (displays games that are en route to you