Peerflix is a movie trading service where you sign up and trade DVD's with other users rather than renting them from a central service. There's no monthly fee so you can use it as often or as little as you like, just pay $1 per trade. Each DVD in the system is assigned a Peerbux value, when you ship one of your DVD's you get Peerbux and when you receive one they cost Peerbux. Almost all movies are worth two Peerbux, some of the newer ones are worth three and older ones are often only worth one.
I've been a member for almost two months now and I have to say it's a very cool service, depending on how you plan on using it. I am using it to trade DVD's I don't want anymore rather than using it as an alternative to renting. I've gotten rid of Made and Rocky and a couple of other movies I should've never bought in the first place. I even traded that damn fullscreen version of American Wedding that I accidentally bought and got the widescreen version.
Trading movies can sometimes be difficult. If you've got a DVD that's not a new release it can be a struggle to get rid of it. When someone requests your DVD they send you an email with a link to click to committ to send it, but they also send that email to everyone else trying to get rid of that same DVD. There's been at least four times where I clicked the link in about thirty minutes and it was already too late. Yesterday I clicked the link five minutes after I got the email, but someone else had already beat me to it.
The service has a lot of potential, and since there's no monthly fees there's really no negatives. If you want to use it sort of like a Netflix and trade a lot of movies or just to let someone else have movies that you don't think you'll ever watch again, you should get some value out of Peerflix. Sometimes it requires a little patience and it's not really going to replace Netflix or BlockBuster, but I can definitely recommend it to the movie lovers out there.