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LimeExchange Reaches 50,000 User Milestone
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Friday, September 04, 2009:
LimeExchange today announced that it has registered more than 50,000 users since launching globally on July 30, 2008. One of the fastest growing service marketplaces, LimeExchange has doubled its user base since April 2009.
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All of the core services on LimeExchange are free of charge to both buyers and providers, giving users a chance to participate in the exchange without the need for an upfront investment. Instead, payments are entirely success based: only after a provider has completed a project or milestone and collected payment is a small commission (5% to 8%, inclusive of payment processing fee) deducted from their net proceeds. To date, over $2 million worth of projects have been posted on LimeExchange.
The LimeExchange service provider community features freelance professionals & small businesses in over 160 countries, specializing in areas such as graphic design, web development, software programming, and writing and translation services. Businesses and individuals who are looking for resources on demand and an extended outsourced workforce can register and post a project free of charge, and receive proposals from talented professionals and small businesses that meet their criteria. Buyers can then choose the best proposal, negotiate terms of service, track and manage milestones and flexible payment schedules via a secure escrow account – all within the LimeExchange interface.
"LimeExchange is the most cost effective way to get projects done quickly and securely over the Internet," said John Enright, VP of Marketing & Business Development for LimeExchange. "Giving buyers and providers the ability to register and connect for free, combined with our low-cost success-based transaction model, has fueled both the growth of our user base and the high volume of project activity on the exchange."
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