“Cashless” commerce and teen investing site MainXchange.com and iCanBuy.com, an Internet shopping and
money management site for teens and kids, signed a partnership
agreement.
MainXChange will provide a direct link
to a co-branded, private-label network built and maintained by
iCanBuy.com, allowing teens to create an iCanBuy account.
In addition to offering MainXChange teens the opportunity to participate
in traditional e-commerce, the partnership will also allow them to save
money at iCanBuy’s banking
partner, Security First Network Bank.
Financial arrangements were not
disclosed.
“We’re pleased to enable MainXChange members to shop safely and under
parental supervision with iCanBuy.com,” said MainXChange CEO Clay
Stobaugh.
“iCanBuy.com’s system gives young people great experience handling real
money, which is a natural complement to MainXChange’s approach of
enabling teens to earn and invest with virtual currency that can be used
to purchase real products.”
iCanBuy was founded in May 1998, to create an online tool for young
people to manage their money wisely in a safe and parent-approved
environment.
iCanBuy.com enables young people to shop at top Internet
retailers, build a WishList of gift items, bank and donate online — with
a parental approval system to promote learning and safety
MainXchange.com markets to financially savvy 13 to 24 year-olds now
coming of age on the Internet.
MainXChange teens gain valuable experience with money earning it, investing it and spending it — within
a fun, safe and rewarding environment where virtual currency buys real,
brand-name products.