Hello everyone! Casey Cosgrove here, C.O.O. of chest-net.com. I’m thrilled to announce that ChestNet Transactions (http://chest-net.com) is officially up and running. After years of development and testing we’re confident that ChestNet Transactions will eliminate online fraud as we know it. Our mission is to give both buyers and sellers the opportunity to send and receive money without the fear of being ripped off. We’ve tested the system on our own live classifieds for the past year with real buyers and sellers and have successfully prevented various forms of scams and blocked thieves world-wide in their tracks.
ChestNet Transactions was created because we were tired as buyers and sellers of not having a way to control our transactions. Other payment services and methods would take someones hard earned money and give it directly to the stranger without any way of checking if the transaction is legit. That’s why there’s over $183 million reported internet fraud to the Internet Crime Complaint Center (IC3). In 2005 according to a Gartner Group report, they found that only 1% of people actually report the fraud. 1%! How much is that other 99%? We estimate in the billions and it’s our job to make sure that number goes down.
At ChestNet Transactions, we feel it’s smarter to verify the buyer and their money on behalf of the seller and provide the buyer a way to approve the item before the seller receives the payment. So next time you win an auction on eBay or find a great deal on Craigslist, use ChestNet Transactions to pay and you can control the transaction.
Safe Buying and Selling everyone!
./Casey
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