"[2] Goozex used an internal point system as currency and worked as a middleman matching buyers and traders instead of handling the actual movies and games.

[6][7] The idea for the site began late 2005 as founder Jon Dugan was annoyed by the low prices he received when trading games in to a local used-video-game store.

[2] Dugan teamed up with two other graduates from the Robert H. Smith School of Business at University of Maryland and incorporated the company in March 2006.

[10] On November 16, 2012, Goozex was privately acquired by a holding company, Bay Acquisition Corp. for an undisclosed amount.

Buyers requested games and movies with varying conditions and were then matched to sellers through a queue system.

[14] Points were traded between users in exchange for movies and games or bought directly from Goozex.