New shopping site Jet.com takes on Amazon & Costco

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Jet.com, which officially launched Tuesday, is a new membership shopping site that’s being described as Amazon meets Costco.

Read more: Secret pricing hacks at Costco, Sam’s Club & BJs

It’s $50 per year to join and the site offers a wide range of products — from groceries to furniture to gadgets. Jet allows individual retailers to sell items through its platform, and when users search for particular products, the site will find you the best price.

‘We have an assortment that’s vast like Amazon’s, and pricing that’s similar to a wholesale store and membership,’ Jet CEO Marc Lore told CNNMoney.

Read more: 9 items that will pay for your Costco membership

Here’s a closer look at what Jet has to offer.

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