C2it is going out of business

[sckao]

 

Received this in the email:

 

Another casualty in the Auction war....

 

Dear c2it(sm) Member,

 

Effective November 9, 2003, the c2it service will be discontinued and

financial transactions using the www.c2it.com website will no longer

be available. At this time, your c2it account will also be closed,

however you may continue to log on to the website until February 22,

2004 to manage your membership information and view your statements.

 

You currently do not have a balance in your c2it account. As of

November 9, 2003, your c2it account will simply be closed.

 

If for any reason you have funds in your c2it account upon closure on

November 9, 2003, a check will be sent to the address we have on file

for you. Checks will be mailed on or around November 18, 2003.

Please allow 7-10 business days after November 18, 2003 to receive

your check.

 

If you also have a c2it Debit Card, it will be cancelled on November

9, 2003 and you will no longer be able to use it for transactions,

including purchases and cash withdrawals.

 

For more information about the discontinuance of c2it service and

answers to many questions you may have, please visit www.c2it.com and

click the link to view "Important Details and FAQs".

 

We appreciate your business with c2it and apologize for any

inconvenience this may cause.

 

Sincerely,

 

c2it Customer Service

 

 

 

 

[Rickdogg]

Yup, saw that earlier today in the cooler. Looks like paypal (ebay) is going to take over the world!

[joe_collector]

Yup, saw that earlier today in the cooler. Looks like paypal (ebay) is going to take over the world!

 

When I read their user contract, my first thought was "these guys are DOA". No protection, buyer tariffs, no integration, etc.

 

Paypal has it right from a business standpoint, let buyers use it for free, and sellers will pay the fees to get the higher dollars. If you back-end the fee srtucture, buyers stay away in droves.

[murph0]

It hasn't worked for me in about a month now. Must've just been a precursor to their official shutdown.

 

Brian