Launch of New Online Shopping Company

Jet.com is the latest online shopping company that promises to beat every price on every product out there.
1:29 | 07/22/15

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Transcript for Launch of New Online Shopping Company
Next tonight, American consumers with a new website to find a cheaper deal. Paula Faris puts it to the test. In the battle for your business, there is a new player online. Jet, which is a cross between costcoco costco and Amazon launching today. Club price from TVs to toiletries. We looked up some of the most popular items on Amazon. Jet listed Amazon's price next to theirs. They beat it. They said they can make it cheaper, waving the option for free returns. And depending on what you buy, the more you buy, the more you save. The company says its profits are not coming from products. They are making their money on a $50 membership fee. He said that he told digers.com and he said they will under cut everyone on price. Now, Amazon has massive warehouses. Jet is working with retailers close to your zip code, cutting down on the shipping. And the savings passed to you. A new study with women and memory. Also, a moment a driver's engine is shut down by someone else. A warning about hackers after the break. Here.

This transcript has been automatically generated and may not be 100% accurate.

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