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In the early development stage from 1995 to 2000, comparison shopping agents included not only price comparison but also rating and review services for online vendors and products. Altogether, there were three broad categories of comparison shopping services. [9] Later, through mergers and acquisitions, many services were consolidated.
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StreetPrices was founded in October 1997, [1] [2] making it the third price comparison service website, behind PriceWatch (1995) and ComputerESP/uVision (1996). StreetPrices was the first site to offer price graphs and price alerts (both released by December 1998), [3] and was listed in the Consumer Reports Buying Guide every year in which they listed price comparison services by name. [4]
Shopping.com began as Papricom (DealTime.com), [1] which was founded in Israel in 1998 by Dr. Nahum Sharfman and Amir Ashkenazi, [2] the original business model was to create a downloadable client that would monitor changes in prices of products the user seeks to buy over time, notifying the user when the product price reached a predetermined level (hence the site's original name, DealTime).
Some providers offer merchant account services priced on an "interchange plus" basis. These accounts are based on the "interchange" tables published by both Visa [3] and MasterCard [4] MasterCard. This type of pricing creates a discount rate by adding interchange rates plus a percentage and authorization fees.
Google Shopping, [2] formerly Google Product Search, Google Products and Froogle, is a Google service created by Craig Nevill-Manning which allows users to search for products on online shopping websites and compare prices between different vendors.
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