Tech Plays Santa: Rent Toys This Christmas

Sites such as Toygaroo hope to take the sting out of holiday shopping.

Not everyone is running away from Netflix. At least one company is striving to be like the company -- just for kids.

As the holiday gift-giving season approaches, one company is hoping to take the sting out of holiday toy-shopping.

Toygaroo, the self-proclaimed Netflix of toys, allows parents to sign up for a monthly account and check out toys for their children.

For as little as $24.99, parents can check out toys for all ages for up to 60 days. When your child is done playing with the toys, simply put them back in a Fed Ex box and ship them back.

If four toys a month are not enough for your child, you can sign up for the boomer package, which allows you to check out eight toys a month for $52.99.

While the prices are higher than the Netflix subscription rates -- that caused thousands to cancel their membership -- in some instances it can be a cheaper alternative than buying several toys for your child.

There are also cheaper alternatives out there, such as Baby Plays, which allows you to rent any toy for $4.99 a month, or pay as you go plans for as little as $19.99 a month.

To help ease fears, the company also offers a 14 day risk free trial and it allows you to pick toys by your child's age -- up to five and up -- or by type of toy, brand or activity.

Toygaroo also has some serious financial backing. In March, Dallas Mavericks' owner Mark Cuban invested $250,000 in the company.

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