After viewing an item, a customer places a bid by entering their bid amount and a valid credit card number. Winning bids are displayed as the item is auctioned.
Merchandise is shipped to the winning customer's address.
Two-thirds of all sales are generated by repeat customers and about 1000 new customers register per day. 1995 InsWeb helps simplify the process of researching, evaluating and choosing auto, life and health insurance. InsWeb's online customers fill out a single form specifying their needs and receive price quotes from multiple insurance companies based on the information on that single form. Founded in 1995, this 100 person company is an unbiased, comprehensive insurance resource maintaining over 5000 pages of information including information on the financial strength of about 6,000 insurance carriers. InsWeb sends consumer requests to over 25 different insurers who are part of its network.