Name Your Price for Gadgets on New 'Priceline for Tech' Site

Samantha Murphy

Want to buy a specific camera for someone for the holidays, but can't find it in your budget range? A new website called Greentoe is bringing price negotiation to the consumer electronics world -- think Priceline for gadgets.

[More from Mashable: Top 25 Tech of 2012]

The website, which launched in October, allows shoppers to name their price on anything from brand name TVs to camera lenses.

Here's how it works: After finding a product, users can submit an offer for what they would pay. Greentoe then notifies its network of retail partners to see if a merchant will accept. If a deal is made, the item ships to consumers directly from the retailer, which can be anything from a small to big-box company.

[More from Mashable: 10 Ambitious iPhone Apps, Accessories for Your Workout]

"When you walk into a Best Buy, you can't haggle with employees for the price you want," Joe Marrapodi, CEO and co-founder Greentoe, told Mashable. "There wasn't a way to ask for a lower price, so we wanted to develop a way to do it digitally."

One example highlighted on the e-commerce site is that a shopper recently shaved $50 off a Fujifilm camera, bringing the price from $263 to $213. Not a bad deal.

So could this be the new Priceline for the tech world? Maybe. What do you think? Let us know in the comments below.

Image via SevenWafflz

1. Triforce Lamp

Know a Zelda fan in need of some power, wisdom and courage? This beautiful wood and acrylic lamp can be hung or shelved. The pixelated carvings on each side warm the room with dappled light. Price: $95.00

Click here to view this gallery.

Photo via Flickr, CameliaTWU.

This story originally published on Mashable here.