Users of GreenZap can send and receive money online globally using email. GreenZap is similar to eBays payment processor PayPal, but touts lower transactions fees and superior customer service. GreenZap also unveils today its interactive, community tracking system, the ZapMap. The ZapMap enables users to dynamically view their friends and family that have opened accounts. GreenZap rewards account holders for telling their friends and family about GreenZap. Account holders are rewarded anywhere from $5 to $30 and receive their earnings as a combination of cash and WebCash. GreenZaps WebCash can be used virtually anywhere online to purchase goods and services from hundreds of retail outlets offering thousands of brand names -- from hotels, restaurants and travel to toys, electronics and attire. GreenZap launched its pre-registration website and marketing campaign on April 2, 2005, and within one week GreenZap was attracting over 3,000 pre-registrants each day. GreenZap anticipates capturing a large percentage of the existing online spending community, but sees its brand and messaging appealing to a new generation of online spenders. GreenZap offers two types of accounts, a basic GreenZap account and an upgraded Gold account. The Gold account offers reduced transaction fees, increased rewards, and a GreenZap Stored Value MasterCard or Visa for off-line spending.
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