Bitcoin Forum

Economy => Service Announcements => Topic started by: Giftcoins on March 22, 2013, 03:45:20 PM



Title: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 22, 2013, 03:45:20 PM
hello,

here are some images :)

http://d.pr/i/aaNv

http://d.pr/i/H0Xo

http://d.pr/i/vPVP

Comments please :)

I see it's confusing why it is USD denominated and not BTC

if we put BTC value on cards, there wouldn't be any resellers willing to take risk selling those cards.

Imagine you buy 10 cards each valued 1BTC, you would pay them $70 each...

What is BTC goes down to $60 or even less and you are selling them for USD, you are loosing $10 as no one will pay you original price you paid because of BTC lower value.


Title: Re: 1st Bitcoin Gift card :)
Post by: wormbog on March 22, 2013, 03:47:55 PM
Design looks nice, but the card value should be denominated in BTC, not dollars.


Title: Re: 1st Bitcoin Gift card :)
Post by: enygma on March 22, 2013, 03:49:17 PM
I notice these have dollar denominations on them. Does this mean that the cards are for gifting fiat currency as opposed to bitcoin, or is this more of a novelty? I would imagine that a gift card would have a private key and/QR code on the back for the amount of bitcoins noted on the front.


Title: Re: 1st Bitcoin Gift card :)
Post by: John (John K.) on March 22, 2013, 03:52:48 PM
Design looks nice, but the card value should be denominated in BTC, not dollars.
+1. Design is beautiful, but unless you're preparing a system where the cards are essentially prepaid cards to deposit money in an exchange, denominating in BTC is much easier for the end user.

Whitelisted to post elsewhere. *hint - Project Dev / Marketplace / Bitcoin Discussion depending on what kind of thread you want to make*


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 22, 2013, 04:00:18 PM
Design looks nice, but the card value should be denominated in BTC, not dollars.

it's not possible to have BTC on them due to resellers risk involved.



Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 22, 2013, 04:04:06 PM
Design looks nice, but the card value should be denominated in BTC, not dollars.
+1. Design is beautiful, but unless you're preparing a system where the cards are essentially prepaid cards to deposit money in an exchange, denominating in BTC is much easier for the end user.

Whitelisted to post elsewhere. *hint - Project Dev / Marketplace / Bitcoin Discussion depending on what kind of thread you want to make*


that's a scratch-off card, code is at the back... card can be redeemed for bitcoins at giftcoins.me

if you have $200 card for example it will always worth $200, bitcoins value depends on the day you decide to redeem it

First reseller will start selling codes online today, I'll keep you posted

Payment with credit cards :)

And this will be the fastest way to get bitcoins, 15sec to make card purchase and then 2-3min for bitcoins to show up in your wallet


Title: Re: 1st Bitcoin Gift card :)
Post by: John (John K.) on March 22, 2013, 04:16:00 PM
Design looks nice, but the card value should be denominated in BTC, not dollars.
+1. Design is beautiful, but unless you're preparing a system where the cards are essentially prepaid cards to deposit money in an exchange, denominating in BTC is much easier for the end user.

Whitelisted to post elsewhere. *hint - Project Dev / Marketplace / Bitcoin Discussion depending on what kind of thread you want to make*


that's a scratch-off card, code is at the back... card can be redeemed for bitcoins at giftcoins.me

if you have $200 card for example it will always worth $200, bitcoins value depends on the day you decide to redeem it

First reseller will start selling codes online today, I'll keep you posted

Payment with credit cards :)

And this will be the fastest way to get bitcoins, 15sec to make card purchase and then 2-3min for bitcoins to show up in your wallet
Figured - quite an innovative method here.  :D


Title: Re: 1st Bitcoin Gift card :)
Post by: Dacm4n on March 22, 2013, 04:31:08 PM
hello,

here are some images :)

http://d.pr/i/aaNv

http://d.pr/i/H0Xo

http://d.pr/i/vPVP

Comments please :)

I see it's confusing why it is USD denominated and not BTC

if we put BTC value on cards, there wouldn't be any resellers willing to take risk selling those cards.

Imagine you buy 10 cards each valued 1BTC, you would pay them $70 each...

What is BTC goes down to $60 or even less and you are selling them for USD, you are loosing $10 as no one will pay you original price you paid because of BTC lower value.

Great idea and they look good.


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 22, 2013, 04:33:04 PM
I'm willing to "sacrifice" 2 $15 Giftcoins cards in return for your experience redeeming those cards for bitcoins

Admins/moderators only

PM me please for codes



Title: Re: 1st Bitcoin Gift card :)
Post by: wormbog on March 22, 2013, 04:43:24 PM
Design looks nice, but the card value should be denominated in BTC, not dollars.
+1. Design is beautiful, but unless you're preparing a system where the cards are essentially prepaid cards to deposit money in an exchange, denominating in BTC is much easier for the end user.

Whitelisted to post elsewhere. *hint - Project Dev / Marketplace / Bitcoin Discussion depending on what kind of thread you want to make*

I didn't realize there was a website for redeeming the codes - thought maybe there was a private key on the card or something.

Now I'm totally loving your concept!

So - does the card buyer pay a premium to buy the card ($105 to buy a $100 card), or do you take a cut when the user exchanges their code for bitcoins?


Title: Re: 1st Bitcoin Gift card :)
Post by: John (John K.) on March 22, 2013, 04:49:26 PM
I'm willing to "sacrifice" 2 $15 Giftcoins cards in return for your experience redeeming those cards for bitcoins

Admins/moderators only

PM me please for codes


Pm'ed  :)


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 22, 2013, 04:54:51 PM


I didn't realize there was a website for redeeming the codes - thought maybe there was a private key on the card or something.

Now I'm totally loving your concept!

So - does the card buyer pay a premium to buy the card ($105 to buy a $100 card), or do you take a cut when the user exchanges their code for bitcoins?
[/quote]

In order for this to work everyone has to take a cut :)

It's up to resellers for how much they will sell cards, my guess that this will vary 5-20%, smallest card will have highest fees due to processing fees etc.

This is far from ideal when it comes to pricing and it can't compare to direct bank transfers.

But again if you need 2BTC in 5-10min instead of waiting days and paying wire transfer fees this is good alternative.

As always getting something fastest will cost you a bit more :)

All we want it bring this closer to common people that want to learn more and use bitcoin and exchanges are too much hassle for them


Title: Re: 1st Bitcoin Gift card :)
Post by: John (John K.) on March 22, 2013, 05:24:10 PM
My review on the experience using a gift code:

I received the gift code via PM (unfortunately not via those neat-looking cards  :P) and proceeded to redeem it at https://www.giftcoins.me/ . The site is straightforward, clean and pretty much self-explanatory. I even ticked the 'I want to receive an email confirmation of this transaction' part just to see the receipt, and a sleek email came in with the details of my TX. Everything is indeed as speedy as OP promised, with the coins hitting the blockchain in less then a minute after the confirmation.

Quote
THANK YOU AND ENJOY SPENDING
Redeemed amount: $15
Bitcoin amount: 0.18138083
Wallet ID: 1NB1KFnFqnP3WSDZQrWV3pfmph5fWRyadz
22.03.2013. 18:03

That works out to about $82.6989 per BTC when the Bitstamp price was around $71.19, so the cut for the site should be around 15% if I'm not wrong. The site had a hiccup initially when I used it, but giftcoins assured me it's a problem with Bitstamp and proceeded to clear the problem up a few minutes later. I suspect that it's only due to the API permissions and it's an one off problem - so no worries there.

In a nutshell, this is a quick way to buy BTC, especially in a hurry.


Title: Re: 1st Bitcoin Gift card :)
Post by: SgtSpike on March 22, 2013, 05:27:39 PM
Awesome!  I've wanted someone to create exactly this for quite some time now, not having the know-how or connections to do it myself.

I hope you can get these cards into drug/department stores on their gift card racks...!  Any plans to do so?


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 22, 2013, 05:31:55 PM
Awesome!  I've wanted someone to create exactly this for quite some time now, not having the know-how or connections to do it myself.

I hope you can get these cards into drug/department stores on their gift card racks...!  Any plans to do so?

well this is the plan as well :)

anyone who want's to sell them is welcome


Title: Re: 1st Bitcoin Gift card :)
Post by: bbit on March 22, 2013, 05:34:22 PM
Awesome!  I've wanted someone to create exactly this for quite some time now, not having the know-how or connections to do it myself.

I hope you can get these cards into drug/department stores on their gift card racks...!  Any plans to do so?

well this is the plan as well :)

anyone who want's to sell them is welcome

Can you PM me to let me know how we do ? Thanks!


Title: Re: 1st Bitcoin Gift card :)
Post by: siggy on March 22, 2013, 05:40:07 PM
I just pulled up your site from work... FYI, its very formatting unfriendly to IE7.

The hand graphic holding the card moves up to the top and covers the redeem box.

Also..  not everyone who gets a giftcoin card is gonna have a clue what bitcoins are..  a link to a "bitcoin for beginners" section should be prominantly displayed on the landing page. 

Otherwise.. AWSOME service.

Sigg


Title: Re: 1st Bitcoin Gift card :)
Post by: mccorvic on March 22, 2013, 05:45:47 PM
This is so swag.


Title: Re: 1st Bitcoin Gift card :)
Post by: bitcoiner32 on March 22, 2013, 05:58:40 PM
These look absolutely perfect for what I was wanting to do, pay my employees small bonuses in bitcoin.

I didn't see an order link, are they available for purchase yet?


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 22, 2013, 06:16:25 PM
I just pulled up your site from work... FYI, its very formatting unfriendly to IE7.

The hand graphic holding the card moves up to the top and covers the redeem box.

Also..  not everyone who gets a giftcoin card is gonna have a clue what bitcoins are..  a link to a "bitcoin for beginners" section should be prominantly displayed on the landing page.  

Otherwise.. AWSOME service.

Sigg

IE7 IE8 users, it's time to move on :)

not really sure why would someone who doesn't know what bitcoins are buy such a card? What are chances for that happening? :)


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 22, 2013, 06:19:22 PM
These look absolutely perfect for what I was wanting to do, pay my employees small bonuses in bitcoin.

I didn't see an order link, are they available for purchase yet?

They will be available for purchase today, credit card payments. But you can pay them with bitcoins now and get some discount :)


Title: Re: 1st Bitcoin Gift card :)
Post by: bitlizard on March 23, 2013, 05:28:34 AM
Design looks nice, but the card value should be denominated in BTC, not dollars.
+1. Design is beautiful, but unless you're preparing a system where the cards are essentially prepaid cards to deposit money in an exchange, denominating in BTC is much easier for the end user.

Whitelisted to post elsewhere. *hint - Project Dev / Marketplace / Bitcoin Discussion depending on what kind of thread you want to make*


that's a scratch-off card, code is at the back... card can be redeemed for bitcoins at giftcoins.me

if you have $200 card for example it will always worth $200, bitcoins value depends on the day you decide to redeem it

First reseller will start selling codes online today, I'll keep you posted

Payment with credit cards :)

And this will be the fastest way to get bitcoins, 15sec to make card purchase and then 2-3min for bitcoins to show up in your wallet

looks completely awesome. what is the margin for the seller? will they be available in canada?


Title: Re: 1st Bitcoin Gift card :)
Post by: slothbag on March 23, 2013, 06:15:24 AM
So if a supermarket sells these and a customer does a credit card chargeback who wears the loss?? Supermarket I guess


Title: Re: 1st Bitcoin Gift card :)
Post by: Cryptoman on March 23, 2013, 06:27:03 AM

not really sure why would someone who doesn't know what bitcoins are buy such a card? What are chances for that happening? :)


Maybe someone wants to introduce someone else to bitcoins by sending them a gift card in the mail?


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 23, 2013, 07:07:00 AM
Design looks nice, but the card value should be denominated in BTC, not dollars.
+1. Design is beautiful, but unless you're preparing a system where the cards are essentially prepaid cards to deposit money in an exchange, denominating in BTC is much easier for the end user.

Whitelisted to post elsewhere. *hint - Project Dev / Marketplace / Bitcoin Discussion depending on what kind of thread you want to make*


that's a scratch-off card, code is at the back... card can be redeemed for bitcoins at giftcoins.me

if you have $200 card for example it will always worth $200, bitcoins value depends on the day you decide to redeem it

First reseller will start selling codes online today, I'll keep you posted

Payment with credit cards :)

And this will be the fastest way to get bitcoins, 15sec to make card purchase and then 2-3min for bitcoins to show up in your wallet

looks completely awesome. what is the margin for the seller? will they be available in canada?

discounts we are able to give resellers are 2-6%, depends on volume and on top of that we advise resellers to be free to add few % on top
I believe you can easily make 8% profit easily

I sure hope they will be available worldwide, already after just one day we have few potential offline resellers in US. Soon we will post all resellers on our site.


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 23, 2013, 07:29:12 AM
So if a supermarket sells these and a customer does a credit card chargeback who wears the loss?? Supermarket I guess

I see that great number of people doesn't understand how processing works and how merchants can protect themselves.

If a chargeback occurs seller will loose money, this is obvious, in your case supermarket.

here is short explanation, basic stuff how things work and what's happening in real life

70% of chargebacks (85% of those come from US) are purposely made ones, people claim that they did not buy the stuff, that they dont recognize transactions...they are mostly made fraudulently by CC owners just to get stuff for free. All blame is then put to merchant/seller which will have direct loss, here it makes no difference what you are selling, bitcoins or socks, merchants almost never fight back as the process is too long and complicated...

VISA and Mastercard then came up with 3D Secure for online purchases (card not present), once online store has 3D secure integrated in their system all fraud blame is shifted only to Credit Card issuing bank, it's simple as that. It doesn't matter if customers card is 3D secure or not, result is the same, bank which issued that card is responsible for all fraud or loss that happen by using this card. No exceptions.

Here is real live example, you have 3D secure VISA card (90% of all cards are enrolled), you went to site selling giftcoins cards, once you enter all usual CC info you will be redirected to your bank site to confirm your purchase with password only you know. If all checks out transaction is approved and you get your giftcoins card. Later if you decide to do false claim bank has info that you approved this and won't even consider trying to do chargeback.
If the card is stolen and 3D secure enabled, person will try to make a charge but it will not know 3D secure pass and transaction will be declined.
If the card is not 3D secure or it has it but customer didn't activate it. This is again bank fault for not educating customer about it and again bank has to cover the cost of fraud.

Paying for giftcoins cards with credit card in real live, you have to sign the slip or authorize by PIN, but here is no difference what you bought, once you take any goods and leave that store door it's over.

you can easily google more info about 3D secure, verified by VISA or Mastercard secure code


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 23, 2013, 06:35:47 PM
finally first reseller :)

http://jagoo.net/card/7

You can pay for the cards with credit cards, Giftcoins card code is instantly delivered to you

Tell me if I'm wrong but this is fastest way to get some bitcoins :)



Title: Re: 1st Bitcoin Gift card :)
Post by: SgtSpike on March 23, 2013, 06:38:14 PM
finally first reseller :)

http://jagoo.net/card/7

You can pay for the cards with credit cards, Giftcoins card code is instantly delivered to you

Tell me if I'm wrong but this is fastest way to get some bitcoins :)


Hmmm... wouldn't chargebacks be a problem if the code is instantly delivered to you?


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 23, 2013, 06:42:00 PM
finally first reseller :)

http://jagoo.net/card/7

You can pay for the cards with credit cards, Giftcoins card code is instantly delivered to you

Tell me if I'm wrong but this is fastest way to get some bitcoins :)


Hmmm... wouldn't chargebacks be a problem if the code is instantly delivered to you?

no if you know what you are doing when selling, I wrote nice post above explaining how things work.

I have lot of experience in processing business and I'll gladly help anyone seeking help or information.



Title: Re: 1st Bitcoin Gift card :)
Post by: bbit on March 23, 2013, 06:45:17 PM
finally first reseller :)

http://jagoo.net/card/7

You can pay for the cards with credit cards, Giftcoins card code is instantly delivered to you

Tell me if I'm wrong but this is fastest way to get some bitcoins :)


Hmmm... wouldn't chargebacks be a problem if the code is instantly delivered to you?

no if you know what you are doing when selling, I wrote nice post above explaining how things work.

I have lot of experience in processing business and I'll gladly help anyone seeking help or information.



Essentially, the risk falls on your lap.  There is noway to prevent chargebacks for this system. You can have all the experience in the world of processing but  at the end of the day you aren't the one taking the risk :P


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 23, 2013, 07:04:38 PM
finally first reseller :)

http://jagoo.net/card/7

You can pay for the cards with credit cards, Giftcoins card code is instantly delivered to you

Tell me if I'm wrong but this is fastest way to get some bitcoins :)


Hmmm... wouldn't chargebacks be a problem if the code is instantly delivered to you?

no if you know what you are doing when selling, I wrote nice post above explaining how things work.

I have lot of experience in processing business and I'll gladly help anyone seeking help or information.



Essentially, the risk falls on your lap.  There is noway to prevent chargebacks for this system. You can have all the experience in the world of processing but  at the end of the day you aren't the one taking the risk :P

you are going too far with this one :)

They you can also say that someone can sell cards for cash, you meet up in person with someone and they kick your ass and steal this from you lol
there are million scenarios that can happen all this only because of minority of people that like to steal and get something for nothing.


Title: Re: 1st Bitcoin Gift card :)
Post by: bbit on March 23, 2013, 08:43:13 PM
Quote
there are million scenarios that can happen all this only because of minority of people that like to steal and get something for nothing.

I see you are noob to Bitcoin then ;). Those type of scenarios thrive in this petri dish we call Bitcoin. I'm not here to rain on anyone's parade and will probably be buying a few of these from you but  Sgt. Spike and I have been in this game for awhile and have seen many,many people come through claiming things that just aren't true. The person selling these giftcards are liable for chargebacks when someone purchases them. That isn't going to far! that is just being honest!


Title: Re: 1st Bitcoin Gift card :)
Post by: veteranBtc on March 23, 2013, 09:27:59 PM
The card idea is great! Imagine if you can buy cards like that from everywhere  :D


Title: Re: 1st Bitcoin Gift card :)
Post by: teknetz on March 23, 2013, 09:36:43 PM
Awesome man good for you... I had this idea a year ago, but never knew how to put it together... I envisioned these being sold next to the other giftcards in target and walgreens..


Title: Re: 1st Bitcoin Gift card :)
Post by: logicbomb666 on March 23, 2013, 09:47:35 PM
I purchased a $100 card from Jagoo (which costs $109.90).  The website made me use that special password OP was talking about that VISA does.  Btw I hate that special password thing because I only have to use it like once a year I have to reset the password every time.

Anyways, Once I made payment I instantly received the email with the confirmation code.

This step needs improvement - at no point in time was I ever told from jagoo, or in the email, or in item description, what website I needed to go to to redeem my code.

Since im smart, and I was reading this thread, I was able to figure it out.

I redeemed my code at giftcoins.me using the email confirmation option.  Here is the error that I received at your website.
http://www.seriallogic.com/pictures/error.jpg


Even though I received an error, I still received my email confirmation instantly, and then 2 to 3 minutes later I got the pop up from my bitcoin wallet that there was an incoming transaction. I am in the middle of receiving 1.3556116 for $109.90 paid.  Mtgox last price shows $64.1647, so looks like everyone involved is getting a nice percentage.

This is by far the fastest and easiest way to buy BTC that I have seen.


Title: Re: 1st Bitcoin Gift card :)
Post by: veteranBtc on March 23, 2013, 09:48:18 PM
Awesome man good for you... I had this idea a year ago, but never knew how to put it together... I envisioned these being sold next to the other giftcards in target and walgreens..

That's nice.

Think about how many people will buy bitcoins from the street shops.


Title: Re: 1st Bitcoin Gift card :)
Post by: veteranBtc on March 23, 2013, 09:49:56 PM
I purchased a $100 card from Jagoo (which costs $109.90).  The website made me use that special password OP was talking about that VISA does.  Btw I hate that special password thing because I only have to use it like once a year I have to reset the password every time.

Anyways, Once I made payment I instantly received the email with the confirmation code.

This step needs improvement - at no point in time was I ever told from jagoo, or in the email, or in item description, what website I needed to go to to redeem my code.

Since im smart, and I was reading this thread, I was able to figure it out.

I redeemed my code at giftcoins.me using the email confirmation option.  Here is the error that I received at your website.
http://www.seriallogic.com/pictures/error.jpg


Even though I received an error, I still received my email confirmation instantly, and then 2 to 3 minutes later I got the pop up from my bitcoin wallet that there was an incoming transaction. I am in the middle of receiving 1.3556116 for $109.90 paid.  Mtgox last price shows $64.1647, so looks like everyone involved is getting a nice percentage.

This is by far the fastest and easiest way to buy BTC that I have seen.
Isn't that weird? I purchased a gift card with 100$ wich cost 109$

Wow!


Title: Re: 1st Bitcoin Gift card :)
Post by: bitcoiner32 on March 23, 2013, 09:58:18 PM
Ok I think I misunderstood. I was thinking I could order physical gift cards with bitcoin codes/redemption instructions embedded in them to give as gifts. Is this possible?


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 23, 2013, 10:02:18 PM
Ok I think I misunderstood. I was thinking I could order physical gift cards with bitcoin codes/redemption instructions embedded in them to give as gifts. Is this possible?

this info can be found on the cards back :)


Title: Re: 1st Bitcoin Gift card :)
Post by: yokosan on March 23, 2013, 10:06:18 PM
Love the idea. Good luck with this.

I hope to see these in supermarkets within the next year.


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 23, 2013, 10:13:49 PM
Let me say couple words about prices :)

This is unique service and as you could read so far nothing beats it in terms of speed.

As more resellers join they will offer lower prices for sure, one more reseller is on board and expect to start offering cards within 10 days.

You must understand that no one would sell this if they make only 2-3% by selling this, resellers need to be motivated somehow :)

We plan to list all resellers on giftcoins.me and from there you can choose who has the best deal, cheapest price and payment options...this should help lowering the price a bit.

As I understand majority of people hates waiting and are willing to spend that extra buck to get something NOW and not in few days :)


Title: Re: 1st Bitcoin Gift card :)
Post by: btcbug on March 23, 2013, 10:18:20 PM
These look amazing! Excellent job  :)


Title: Re: 1st Bitcoin Gift card :)
Post by: franky1 on March 23, 2013, 10:21:47 PM
the cards in the picture are great for use in retail stores, and retail stores have their own methods of preventing charge backs. eg use of pin numbers in store.

obviously if you have fully set up the legal paperwork involved with becoming a company to then offer products to businesses then although im not endorsing the expansion of the black market side. there are many shops in towns that dont sell drugs but they sell paraphernalia related to drugs, which you can start looking into as places that would offer bitcoins.

other independent stores
EG  
independent geek shops that sell custom computers parts and repairs. where people can buy bitcoins to then get web hosting without credit cards, simply by paying cash instore.

and then expand to walmarts 7-11 once you can show there is a demand for the retail giants to also have them on their racks alongside facebook credits.

just be careful that the cards can be activated, validated and deactivated live as retailers in some countries do have to offer a refund of some form within a reasonable time. so retailers would need to be trained and have a simple system to ensure that people dont just steal the cards off the shelves (as they need activating). They aren't used instantly then requesting a refund (validating) and if a refund is processed (deactivated). Purely to ensure that there are no losses by the retailer or yourselves.

places like walmart wont even meet you for a consultation about using you as a supplier unless you can show honest transaction volumes which would in their eyes be deemed as enough demand to use their valuable shelving space. They know a 7 inch area/rack can net them X amount of dollars a week offering itunes cards or facebook cards so to be accepted to be on one of their racks you have to show you can net them a reasonable profit.

so i would start with the small independent stores


Title: Re: 1st Bitcoin Gift card :)
Post by: bitcoiner32 on March 23, 2013, 10:29:31 PM
Ok I think I misunderstood. I was thinking I could order physical gift cards with bitcoin codes/redemption instructions embedded in them to give as gifts. Is this possible?

this info can be found on the cards back :)

Ok I just bought 4 cards. I was emailed the 4 codes, will the 4 cards be coming in the mail as well? I think I'm still not fully understanding. If/when they do come, where do my employees go to redeem the codes?
Thanks



Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 23, 2013, 10:32:25 PM
Ok I think I misunderstood. I was thinking I could order physical gift cards with bitcoin codes/redemption instructions embedded in them to give as gifts. Is this possible?

this info can be found on the cards back :)

Ok I just bought 4 cards. I was emailed the 4 codes, will the 4 cards be coming in the mail as well? I think I'm still not fully understanding. If/when they do come, where do my employees go to redeem the codes?
Thanks



once you get those code you have to go to www.giftcoins.me site, from there it's easy

just enter card code and bitcoins wallet ID and that's it..wait for bitcoins to show up in your wallet, takes 2-3min total


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 23, 2013, 10:42:26 PM
I purchased a $100 card from Jagoo (which costs $109.90).  The website made me use that special password OP was talking about that VISA does.  Btw I hate that special password thing because I only have to use it like once a year I have to reset the password every time.

Anyways, Once I made payment I instantly received the email with the confirmation code.

This step needs improvement - at no point in time was I ever told from jagoo, or in the email, or in item description, what website I needed to go to to redeem my code.

Since im smart, and I was reading this thread, I was able to figure it out.

I redeemed my code at giftcoins.me using the email confirmation option.  Here is the error that I received at your website.
http://www.seriallogic.com/pictures/error.jpg


Even though I received an error, I still received my email confirmation instantly, and then 2 to 3 minutes later I got the pop up from my bitcoin wallet that there was an incoming transaction. I am in the middle of receiving 1.3556116 for $109.90 paid.  Mtgox last price shows $64.1647, so looks like everyone involved is getting a nice percentage.

This is by far the fastest and easiest way to buy BTC that I have seen.

this error was found and fixed, it won't happen again :)


Title: Re: 1st Bitcoin Gift card :)
Post by: bitcoiner32 on March 23, 2013, 10:49:59 PM
Ok I think I misunderstood. I was thinking I could order physical gift cards with bitcoin codes/redemption instructions embedded in them to give as gifts. Is this possible?

this info can be found on the cards back :)

Ok I just bought 4 cards. I was emailed the 4 codes, will the 4 cards be coming in the mail as well? I think I'm still not fully understanding. If/when they do come, where do my employees go to redeem the codes?
Thanks



once you get those code you have to go to www.giftcoins.me site, from there it's easy

just enter card code and bitcoins wallet ID and that's it..wait for bitcoins to show up in your wallet, takes 2-3min total

Ok, so there isn't a physical card available. No problem, that's still a quick way to buy bitcoins.
Thanks again



Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 23, 2013, 10:53:51 PM
Ok I think I misunderstood. I was thinking I could order physical gift cards with bitcoin codes/redemption instructions embedded in them to give as gifts. Is this possible?

this info can be found on the cards back :)

Ok I just bought 4 cards. I was emailed the 4 codes, will the 4 cards be coming in the mail as well? I think I'm still not fully understanding. If/when they do come, where do my employees go to redeem the codes?
Thanks



once you get those code you have to go to www.giftcoins.me site, from there it's easy

just enter card code and bitcoins wallet ID and that's it..wait for bitcoins to show up in your wallet, takes 2-3min total

Ok, so there isn't a physical card available. No problem, that's still a quick way to buy bitcoins.
Thanks again



sure there is physical one as well, just jagoo doesn't sell those :) I can send them to anyone just shipping will take some time, not fast option at all


Title: Re: 1st Bitcoin Gift card :)
Post by: boonies4u on March 23, 2013, 11:13:31 PM
A lot of places that sell "gift cards" only accept cash (and sometimes debit). I hope and assume that stores selling physical versions of these will be taking such precautions. Especially early resellers/venders.

sure there is physical one as well, just jagoo doesn't sell those :) I can send them to anyone just shipping will take some time, not fast option at all

So, the physical ones don't have the security measures in place like the similar "gift cards" you see at walmart and such? They're just a redeem code on a card?


Title: Re: 1st Bitcoin Gift card :)
Post by: bitcoiner32 on March 23, 2013, 11:21:27 PM
Ok I think I misunderstood. I was thinking I could order physical gift cards with bitcoin codes/redemption instructions embedded in them to give as gifts. Is this possible?

this info can be found on the cards back :)

Ok I just bought 4 cards. I was emailed the 4 codes, will the 4 cards be coming in the mail as well? I think I'm still not fully understanding. If/when they do come, where do my employees go to redeem the codes?
Thanks



once you get those code you have to go to www.giftcoins.me site, from there it's easy

just enter card code and bitcoins wallet ID and that's it..wait for bitcoins to show up in your wallet, takes 2-3min total

Ok, so there isn't a physical card available. No problem, that's still a quick way to buy bitcoins.
Thanks again



sure there is physical one as well, just jagoo doesn't sell those :) I can send them to anyone just shipping will take some time, not fast option at all


Got a website I can order from? :)


Title: Re: 1st Bitcoin Gift card :)
Post by: adamstgBit on March 24, 2013, 12:23:55 AM
question...


1) how do you plan on dealing with fraud, i see you pass on that problem to your re-sellers, is it something they are aware of?

2) if i buy the 100$ card today, and redeem it 10 days from now ( lets say bitcoin droped to 50$ by then ) would i get 2 bitcoin - some FEE??


Title: Re: 1st Bitcoin Gift card :)
Post by: boonies4u on March 24, 2013, 01:16:28 AM
question...


1) how do you plan on dealing with fraud, i see you pass on that problem to your re-sellers, is it something they are aware of?

2) if i buy the 100$ card today, and redeem it 10 days from now ( lets say bitcoin droped to 50$ by then ) would i get 2 bitcoin - some FEE??

I hope that resellers are aware that they are selling a stored-value card that once redeemed cannot be revoked.

I would also like to know if there is a conversion fee upon redeeming the card. The 2.99 fee is actually competitive to doing moneypak trades with individuals, so i'm hoping that there is no other fees.


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 24, 2013, 01:51:13 AM
A lot of places that sell "gift cards" only accept cash (and sometimes debit). I hope and assume that stores selling physical versions of these will be taking such precautions. Especially early resellers/venders.

sure there is physical one as well, just jagoo doesn't sell those :) I can send them to anyone just shipping will take some time, not fast option at all

So, the physical ones don't have the security measures in place like the similar "gift cards" you see at walmart and such? They're just a redeem code on a card?


security measures, well code on the back is protected by the scratch off foil and those cards have to be activated first, otherwise if you "get" cards that are not activated they will be just nice cards without any value, not possible to redeem


Title: Re: 1st Bitcoin Gift card :)
Post by: AlexNeto on March 24, 2013, 01:53:15 AM
And what about VAT?


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 24, 2013, 01:55:40 AM
question...


1) how do you plan on dealing with fraud, i see you pass on that problem to your re-sellers, is it something they are aware of?

2) if i buy the 100$ card today, and redeem it 10 days from now ( lets say bitcoin droped to 50$ by then ) would i get 2 bitcoin - some FEE??


resellers are aware of the risk, there is always a risk when selling something

card is always worth $100 at the time of redeeming, redeem today and you wil get 1.4BTC, redeem in a 2 months if bitcoin is worth$200 and you would get 0.5BTC.. % of card value is always deducted so same profit is always paid to resellers and us providing this service


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 24, 2013, 01:58:03 AM
And what about VAT?

what about it? Please be more specific


Title: Re: 1st Bitcoin Gift card :)
Post by: bbit on March 24, 2013, 04:28:03 AM
question...


1) how do you plan on dealing with fraud, i see you pass on that problem to your re-sellers, is it something they are aware of?

2) if i buy the 100$ card today, and redeem it 10 days from now ( lets say bitcoin droped to 50$ by then ) would i get 2 bitcoin - some FEE??

I hope that resellers are aware that they are selling a stored-value card that once redeemed cannot be revoked.

I would also like to know if there is a conversion fee upon redeeming the card. The 2.99 fee is actually competitive to doing moneypak trades with individuals, so i'm hoping that there is no other fees.

^^ In other words, don't sell for $$ and send/sell Bitcoins in exchange. We are back to square one when it comes to buying bitcoins! as clearly this won't work :( ^^

I mean don't get me wrong this is great for scammers and the fraudsters! they will rape you for everything you got! ;D


Title: Re: 1st Bitcoin Gift card :)
Post by: mccorvic on March 24, 2013, 04:42:26 AM
question...


1) how do you plan on dealing with fraud, i see you pass on that problem to your re-sellers, is it something they are aware of?

2) if i buy the 100$ card today, and redeem it 10 days from now ( lets say bitcoin droped to 50$ by then ) would i get 2 bitcoin - some FEE??

I hope that resellers are aware that they are selling a stored-value card that once redeemed cannot be revoked.

I would also like to know if there is a conversion fee upon redeeming the card. The 2.99 fee is actually competitive to doing moneypak trades with individuals, so i'm hoping that there is no other fees.

^^ In other words, don't sell for $$ and send/sell Bitcoins in exchange. We are back to square one when it comes to buying bitcoin! as clearly this won't work :( ^^

Well, I thought this would be a more of a gift to friends/family then buy from a**holes on the Internet sort of thing


Title: Re: 1st Bitcoin Gift card :)
Post by: Dabs on March 24, 2013, 05:44:02 AM
What rate or exchange do you use at the time of redemption? Mt Gox? BitFloor? Also, what exact parameters? Is it like, ask price, bid price, spot price, last price, volume weighted?

Who are the current resellers now?

I think this is one way to buy bitcoins using credit cards world wide.


Title: Re: 1st Bitcoin Gift card :)
Post by: bbit on March 24, 2013, 05:50:22 AM
question...


1) how do you plan on dealing with fraud, i see you pass on that problem to your re-sellers, is it something they are aware of?

2) if i buy the 100$ card today, and redeem it 10 days from now ( lets say bitcoin droped to 50$ by then ) would i get 2 bitcoin - some FEE??

I hope that resellers are aware that they are selling a stored-value card that once redeemed cannot be revoked.

I would also like to know if there is a conversion fee upon redeeming the card. The 2.99 fee is actually competitive to doing moneypak trades with individuals, so i'm hoping that there is no other fees.

^^ In other words, don't sell for $$ and send/sell Bitcoins in exchange. We are back to square one when it comes to buying bitcoin! as clearly this won't work :( ^^

Well, I thought this would be a more of a gift to friends/family then buy from a**holes on the Internet sort of thing
Lol ...yes, lets hope so. I just want to make sure the OP is clear to the people who are looking to re-sell this or be a "re-seller" for this service know the risks that are involved. He seems pretty nonchalant about it saying "All sellers have risks with any items" and it shouldn't be a big deal ... he hasn't experienced Bitcoin yet then .  Since I can only go by his newb count posts I'm assuming he is a newb in this respect. Let's hope the "resellers" are bigger places who can afford to get raped by scammers here.


Title: Re: 1st Bitcoin Gift card :)
Post by: bbit on March 24, 2013, 05:53:32 AM
Quote
Who are the current resellers now?
Nobody accept the company mentioned in the post. Anyone who doesn't have a ton of money to compensate for chargebacks ( or is taking bitcoin only orders) will take this up.
Quote
I think this is one way to buy bitcoins using credit cards world wide.
Read above.


Title: Re: 1st Bitcoin Gift card :)
Post by: TheButterZone on March 24, 2013, 05:55:59 AM
ABC News is reporting WalMart's already selling Bitcoin cards (http://abcnews.go.com/Business/cyprus-crisis-boosting-unique-currency-bitcoin/story?id=18792763). WTF? Are these them?


Title: Re: 1st Bitcoin Gift card :)
Post by: bbit on March 24, 2013, 05:59:04 AM
ABC News is reporting WalMart's already selling Bitcoin cards (http://abcnews.go.com/Business/cyprus-crisis-boosting-unique-currency-bitcoin/story?id=18792763). WTF? Are these them?

Strange stuff lol


Title: Re: 1st Bitcoin Gift card :)
Post by: Dabs on March 24, 2013, 06:02:50 AM
I want to resell them. But I will only accept cash, locally. But my volume is going to be small. And I will have a computer station on standby with internet access so that people can redeem their bitcoins on the spot (or I do it for them.)

They pay me cash, they get bitcoins, plus I get all the fees in between. I can even do this part time. I sent an email, hopefully they don't disregard small time resellers.


Title: Re: 1st Bitcoin Gift card :)
Post by: bbit on March 24, 2013, 06:11:25 AM
I want to resell them. But I will only accept cash, locally. But my volume is going to be small. And I will have a computer station on standby with internet access so that people can redeem their bitcoins on the spot (or I do it for them.)

They pay me cash, they get bitcoins, plus I get all the fees in between. I can even do this part time. I sent an email, hopefully they don't disregard small time resellers.

Works perfect for a local transactions and accepting cash def.   I was just pointing out some poor soul is going to set up a website and have people buy these in exchange/scammed for bitcoin over the internet and the OP sounds perfectly fine with it because they say the "seller" knows the risks.  And don't worry they will reply to your PM they did with mine.


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 24, 2013, 06:49:11 AM
What rate or exchange do you use at the time of redemption? Mt Gox? BitFloor? Also, what exact parameters? Is it like, ask price, bid price, spot price, last price, volume weighted?

Who are the current resellers now?

I think this is one way to buy bitcoins using credit cards world wide.

we are using bitstamp, we looked at mtgox but bitstamp is simple better for as as a whole package. We use last price at the time of redeem minus fees that apply.


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 24, 2013, 06:50:51 AM
I want to resell them. But I will only accept cash, locally. But my volume is going to be small. And I will have a computer station on standby with internet access so that people can redeem their bitcoins on the spot (or I do it for them.)

They pay me cash, they get bitcoins, plus I get all the fees in between. I can even do this part time. I sent an email, hopefully they don't disregard small time resellers.

Works perfect for a local transactions and accepting cash def.   I was just pointing out some poor soul is going to set up a website and have people buy these in exchange/scammed for bitcoin over the internet and the OP sounds perfectly fine with it because they say the "seller" knows the risks.  And don't worry they will reply to your PM they did with mine.

Have some faith, dont be so pessimistic  :)


Title: Re: 1st Bitcoin Gift card :)
Post by: SgtSpike on March 24, 2013, 07:40:01 AM
question...


1) how do you plan on dealing with fraud, i see you pass on that problem to your re-sellers, is it something they are aware of?

2) if i buy the 100$ card today, and redeem it 10 days from now ( lets say bitcoin droped to 50$ by then ) would i get 2 bitcoin - some FEE??

I hope that resellers are aware that they are selling a stored-value card that once redeemed cannot be revoked.

I would also like to know if there is a conversion fee upon redeeming the card. The 2.99 fee is actually competitive to doing moneypak trades with individuals, so i'm hoping that there is no other fees.

^^ In other words, don't sell for $$ and send/sell Bitcoins in exchange. We are back to square one when it comes to buying bitcoins! as clearly this won't work :( ^^

I mean don't get me wrong this is great for scammers and the fraudsters! they will rape you for everything you got! ;D
The cards would be fine as long as they are physically purchased... i.e., inside a Walmart where they can be activated.  I would never attempt to sell them online without physically shipping something though.


ABC News is reporting WalMart's already selling Bitcoin cards (http://abcnews.go.com/Business/cyprus-crisis-boosting-unique-currency-bitcoin/story?id=18792763). WTF? Are these them?
LOL, more than likely the reporter just got BitInstant's method of buying Bitcoins mixed up with

But seriously, they should consider it.  All one would have to do is point to the thousands (perhaps tens of thousands) of users still waiting to buy Bitcoins through BitInstant, MtGox, Coinbase, etc.  It is almost impossible to buy Bitcoins right now for someone just now getting in...


Title: Re: 1st Bitcoin Gift card :)
Post by: TheButterZone on March 24, 2013, 08:33:02 AM
question...


1) how do you plan on dealing with fraud, i see you pass on that problem to your re-sellers, is it something they are aware of?

2) if i buy the 100$ card today, and redeem it 10 days from now ( lets say bitcoin droped to 50$ by then ) would i get 2 bitcoin - some FEE??

I hope that resellers are aware that they are selling a stored-value card that once redeemed cannot be revoked.

I would also like to know if there is a conversion fee upon redeeming the card. The 2.99 fee is actually competitive to doing moneypak trades with individuals, so i'm hoping that there is no other fees.

^^ In other words, don't sell for $$ and send/sell Bitcoins in exchange. We are back to square one when it comes to buying bitcoins! as clearly this won't work :( ^^

I mean don't get me wrong this is great for scammers and the fraudsters! they will rape you for everything you got! ;D
The cards would be fine as long as they are physically purchased... i.e., inside a Walmart where they can be activated.  I would never attempt to sell them online without physically shipping something though.


ABC News is reporting WalMart's already selling Bitcoin cards (http://abcnews.go.com/Business/cyprus-crisis-boosting-unique-currency-bitcoin/story?id=18792763). WTF? Are these them?
LOL, more than likely the reporter just got BitInstant's method of buying Bitcoins mixed up with

But seriously, they should consider it.  All one would have to do is point to the thousands (perhaps tens of thousands) of users still waiting to buy Bitcoins through BitInstant, MtGox, Coinbase, etc.  It is almost impossible to buy Bitcoins right now for someone just now getting in...

Anybody not on Localbitcoins already needs to get listed, pronto. There should be at least 1 user within 1 hour driving distance, everywhere.


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 24, 2013, 08:40:28 AM
question...


1) how do you plan on dealing with fraud, i see you pass on that problem to your re-sellers, is it something they are aware of?

2) if i buy the 100$ card today, and redeem it 10 days from now ( lets say bitcoin droped to 50$ by then ) would i get 2 bitcoin - some FEE??

I hope that resellers are aware that they are selling a stored-value card that once redeemed cannot be revoked.

I would also like to know if there is a conversion fee upon redeeming the card. The 2.99 fee is actually competitive to doing moneypak trades with individuals, so i'm hoping that there is no other fees.

^^ In other words, don't sell for $$ and send/sell Bitcoins in exchange. We are back to square one when it comes to buying bitcoins! as clearly this won't work :( ^^

I mean don't get me wrong this is great for scammers and the fraudsters! they will rape you for everything you got! ;D
The cards would be fine as long as they are physically purchased... i.e., inside a Walmart where they can be activated.  I would never attempt to sell them online without physically shipping something though.


ABC News is reporting WalMart's already selling Bitcoin cards (http://abcnews.go.com/Business/cyprus-crisis-boosting-unique-currency-bitcoin/story?id=18792763). WTF? Are these them?
LOL, more than likely the reporter just got BitInstant's method of buying Bitcoins mixed up with

But seriously, they should consider it.  All one would have to do is point to the thousands (perhaps tens of thousands) of users still waiting to buy Bitcoins through BitInstant, MtGox, Coinbase, etc.  It is almost impossible to buy Bitcoins right now for someone just now getting in...

inquiries are sent to exchanges and coinbase...I wonder which ones will reply. It could be so easy to load your wallet with giftcoins...if no positive feedback we will have to make our own wallet then :)


Title: Re: 1st Bitcoin Gift card :)
Post by: boonies4u on March 24, 2013, 12:31:27 PM
Let us say that I'm buying a 100 dollar card and will redeem it when bitcoin is trading at 10 dollars. How much do I pay when buying the card and how many bitcoins do I get when I redeem?


Title: Re: 1st Bitcoin Gift card :)
Post by: Dabs on March 24, 2013, 02:15:35 PM
You buy the card at $100. Or $109 from that first reseller. You get 10 bitcoins when you redeem it.


Title: Re: 1st Bitcoin Gift card :)
Post by: mpfrank on March 24, 2013, 03:49:30 PM
ABC News is reporting WalMart's already selling Bitcoin cards (http://abcnews.go.com/Business/cyprus-crisis-boosting-unique-currency-bitcoin/story?id=18792763). WTF? Are these them?

Strange stuff lol

I'm pretty sure ABC's reporting here is inaccurate.  A search for "bitcoin" on walmart.com does not reveal any products (except several near-misses for media products with "bitchin" in the title).


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 24, 2013, 05:08:04 PM
Let us say that I'm buying a 100 dollar card and will redeem it when bitcoin is trading at 10 dollars. How much do I pay when buying the card and how many bitcoins do I get when I redeem?

you would get 8.8BTC, how much you would paid that card depends only on reseller


Title: Re: 1st Bitcoin Gift card :)
Post by: boonies4u on March 24, 2013, 05:56:41 PM
Let us say that I'm buying a 100 dollar card and will redeem it when bitcoin is trading at 10 dollars. How much do I pay when buying the card and how many bitcoins do I get when I redeem?

you would get 8.8BTC, how much you would paid that card depends only on reseller

Ouch.


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 24, 2013, 06:21:28 PM
http://d.pr/i/JFAQ

ready for shipping :)


Title: Re: 1st Bitcoin Gift card :)
Post by: mpfrank on March 24, 2013, 07:54:55 PM
ABC News is reporting WalMart's already selling Bitcoin cards (http://abcnews.go.com/Business/cyprus-crisis-boosting-unique-currency-bitcoin/story?id=18792763). WTF? Are these them?

Strange stuff lol

I'm pretty sure ABC's reporting here is inaccurate.  A search for "bitcoin" on walmart.com does not reveal any products (except several near-misses for media products with "bitchin" in the title).

To make sure, I stopped by my local Wal-Mart today.  No Bitcoin cards (yet).  Although maybe the ABC News story will cause lots of people to stop by Walmart asking for Bitcoin cards, which will cause them to order some of OP's cards....  :D


Title: Re: 1st Bitcoin Gift card :)
Post by: adamstgBit on March 24, 2013, 10:03:38 PM
http://d.pr/i/JFAQ

ready for shipping :)

very nice  ;D



Title: Re: 1st Bitcoin Gift card :)
Post by: bitcoiner32 on March 25, 2013, 12:56:48 AM
http://d.pr/i/JFAQ

ready for shipping :)

Ok I'm dying to order physical bitcoin gift cards but I can only seem to find digital ones on the website. Is there a different link or did I check the wrong box on the order form? Thanks


Also I got my original order redeemed online and was very impressed with the customer service.


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 25, 2013, 06:34:26 AM
http://d.pr/i/JFAQ

ready for shipping :)

Ok I'm dying to order physical bitcoin gift cards but I can only seem to find digital ones on the website. Is there a different link or did I check the wrong box on the order form? Thanks


Also I got my original order redeemed online and was very impressed with the customer service.

still no one selling them, but good news regarding that...there will be couple resellers in US na in UK

I'll keep you updated


Title: Re: 1st Bitcoin Gift card :)
Post by: franky1 on March 25, 2013, 08:00:17 AM
the news story of walmart selling gift cards was alot of misunderstandings and no research on the part of the media.

the mis understanding is this.

you can go to walmart with cash. and visit the zipzap/moneygram cashier desk. transfer cash to bitinstant. then use the receipt to go online at bitinstant to buy bitcoins.

so the media must have read somewhere that you can get bitcoins at walmart. where they totally missed out the HOW


Title: Re: 1st Bitcoin Gift card :)
Post by: scrybe on March 25, 2013, 04:52:52 PM
http://d.pr/i/JFAQ

ready for shipping :)

Ok I'm dying to order physical bitcoin gift cards but I can only seem to find digital ones on the website. Is there a different link or did I check the wrong box on the order form? Thanks


Also I got my original order redeemed online and was very impressed with the customer service.

How long did yours take to arrive in your email? I've been waiting 30 minutes and am starting to get itchy...


Title: Re: 1st Bitcoin Gift card :)
Post by: scrybe on March 25, 2013, 06:12:27 PM
http://d.pr/i/JFAQ

ready for shipping :)

Ok I'm dying to order physical bitcoin gift cards but I can only seem to find digital ones on the website. Is there a different link or did I check the wrong box on the order form? Thanks


Also I got my original order redeemed online and was very impressed with the customer service.

How long did yours take to arrive in your email? I've been waiting 30 minutes and am starting to get itchy...

Apparently my orders failed because I went over a $250/day limit that I didn't realize existed.

So not for large or cheap bitcoin orders...


Title: Re: 1st Bitcoin Gift card :)
Post by: billysykes on March 25, 2013, 06:49:35 PM
I would be interested in selling these in Cyprus, if it was possible to obtain a euro gift card.


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 25, 2013, 06:50:58 PM
http://d.pr/i/JFAQ

ready for shipping :)

Ok I'm dying to order physical bitcoin gift cards but I can only seem to find digital ones on the website. Is there a different link or did I check the wrong box on the order form? Thanks


Also I got my original order redeemed online and was very impressed with the customer service.

How long did yours take to arrive in your email? I've been waiting 30 minutes and am starting to get itchy...

Apparently my orders failed because I went over a $250/day limit that I didn't realize existed.

So not for large or cheap bitcoin orders...

maybe you will have more luck with new reseller starting to sell cards next week

hah, seems we will have to issue $1000 card :)


Title: Re: 1st Bitcoin Gift card :)
Post by: SgtSpike on March 25, 2013, 06:51:44 PM
http://d.pr/i/JFAQ

ready for shipping :)

Ok I'm dying to order physical bitcoin gift cards but I can only seem to find digital ones on the website. Is there a different link or did I check the wrong box on the order form? Thanks


Also I got my original order redeemed online and was very impressed with the customer service.

How long did yours take to arrive in your email? I've been waiting 30 minutes and am starting to get itchy...

Apparently my orders failed because I went over a $250/day limit that I didn't realize existed.

So not for large or cheap bitcoin orders...

maybe you will have more luck with new reseller starting to sell cards next week

hah, seems we will have to issue $1000 card :)

You could probably issue $100,000 cards and they would sell.


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 25, 2013, 06:52:29 PM
I would be interested in selling these in Cyprus, if it was possible to obtain a euro gift card.

PM me for details or send reseller request on giftcoins.me


Title: Re: 1st Bitcoin Gift card :)
Post by: billysykes on March 25, 2013, 06:53:53 PM
I have pm'd you.


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 25, 2013, 06:55:56 PM
seems that purchase limits on jagoo didn't prevent people buying all big cards, $200 and $100 sold out already

People don't like spending small with bitcoin, $15 and $25 stand there unwanted :)


Title: Re: 1st Bitcoin Gift card :)
Post by: boonies4u on March 25, 2013, 07:42:27 PM
seems that purchase limits on jagoo didn't prevent people buying all big cards, $200 and $100 sold out already

People don't like spending small with bitcoin, $15 and $25 stand there unwanted :)

Spending small wouldn't be that bad if it was economical.


Title: Re: 1st Bitcoin Gift card :)
Post by: novusordo on March 25, 2013, 08:07:47 PM
The site is wonderful, but I'd change "Your Bitcoin Wallet ID" to "Your Bitcoin Address".


Title: Re: 1st Bitcoin Gift card :)
Post by: frga13 on March 25, 2013, 08:30:49 PM
Great looking card and site too...
and the whole idea is great!  8)

But one thing, you should put currency exchange on the site, so I can know how much BTC will get after I redeem card...


Title: Re: 1st Bitcoin Gift card :)
Post by: frga13 on March 26, 2013, 06:02:05 AM
Sold on Jagoo?


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 26, 2013, 07:13:03 AM
Sold on Jagoo?

yes, they sold out all cards in a day and they bought a lot of them!

Owner sent me email that new wire transfer for new codes is on the way and as soon as we receive it new codes will be on jagoo again.

Probably later today or tomorrow


Title: Re: 1st Bitcoin Gift card :)
Post by: frga13 on March 26, 2013, 12:45:05 PM
Sold on Jagoo?

yes, they sold out all cards in a day and they bought a lot of them!

Owner sent me email that new wire transfer for new codes is on the way and as soon as we receive it new codes will be on jagoo again.

Probably later today or tomorrow


Allright, thats great! I try to buy but was sold out...

and what about this?

Quote from: frga13
But one thing, you should put currency exchange on the site, so I can know how much BTC will get after I redeem card...

Or to rephrase:
If I have 100$ card, and Mtox BTC value is 100, will I got 1 BTC or 0.9something?


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 26, 2013, 03:23:08 PM
Sold on Jagoo?

yes, they sold out all cards in a day and they bought a lot of them!

Owner sent me email that new wire transfer for new codes is on the way and as soon as we receive it new codes will be on jagoo again.

Probably later today or tomorrow


Allright, thats great! I try to buy but was sold out...

and what about this?

Quote from: frga13
But one thing, you should put currency exchange on the site, so I can know how much BTC will get after I redeem card...

Or to rephrase:
If I have 100$ card, and Mtox BTC value is 100, will I got 1 BTC or 0.9something?

0.9 something, we use bitstamp though


Title: Re: 1st Bitcoin Gift card :)
Post by: scrybe on March 26, 2013, 03:44:38 PM

0.9 something, we use bitstamp though


You need to absolutely up-front with your customers about any fees or differences from public exchange rates on the card, the card description on partner sites, as well as on your website. "Hidden fees" will get regulators and class action lawsuits crawling up your backside faster than you can spit.

When I buy a gift card for $50 I expect to be giving $50 of value, not "about $45."

I highly recommend fixing this immediately, and I will not be recommending or buying these cards until users of them (who have not read this unreferenced forum thread) know what they are getting. I really like the concept, but this issue has to be fixed.



Title: Re: 1st Bitcoin Gift card :)
Post by: boonies4u on March 26, 2013, 03:48:55 PM

0.9 something, we use bitstamp though


You need to absolutely up-front with your customers about any fees or differences from public exchange rates on the card, the card description on partner sites, as well as on your website. "Hidden fees" will get regulators and class action lawsuits crawling up your backside faster than you can spit.

I highly recommend fixing this immediately, and I will not be recommending these cards until users of them (who have not read this unreferenced forum thread) know what they are getting.

Yes, you need to post any fees that come up when redeeming the cards. I understand that resellers decide at what price to sell the cards. BitInstant got heat for not warning people about the ZipZap fees.


Title: Re: 1st Bitcoin Gift card :)
Post by: franky1 on March 26, 2013, 05:43:00 PM
lol $100 costing $109 but giving the customer under $100 of value...

hmmmmmmmmmmmmmmmmm.....

that is a business model sure to fail in the retailers meeting room

you have the price tag showing $100 so that is the retailers price (the price customers pay).
the retailer needs to make a profit, so they would need to buy the cards off you for under $100 to make a profit. this is called whole sale price.

you also need to make a profit so you need to ensure the amount of bitcoin covers your profits but also meets world governments price advertising laws.

the most suitable solution is to pre buy Bitcoin whilst it is low and to hold it. so when someone in a month or 2 redeems their $100 card. the bitcoin you buy now will (hopefully be at $100 each) to cover the costs.

basically working using a reserve.

EG

cards display $100, retailer paid $90 whole sale.
you bought 1.1538BTC today using the $90. then when bitcoin reaches $100 you can give the customer 1BTC. netting you some profit.(0.1538btc)

with a great idea such as gift cards, you cannot be lazy and over charge the customer by showing one price. the retailer charges them another price and you redeem the customer an amount of bitcoin that does not relate at all to the current market price of bitcoin.

that is not how retail works.


Title: Re: 1st Bitcoin Gift card :)
Post by: SgtSpike on March 26, 2013, 05:52:29 PM
the most suitable solution is to pre buy Bitcoin whilst it is low and to hold it. so when someone in a month or 2 redeems their $100 card. the bitcoin you buy now will (hopefully be at $100 each) to cover the costs.

basically working using a reserve.

EG

cards display $100, retailer paid $90 whole sale.
you bought 1.1538BTC today using the $90. then when bitcoin reaches $100 you can give the customer 1BTC. netting you some profit.(0.1538btc)
Horrible idea.  You cannot bank your business on the price of BTC going up.  If it does go up, then it is more profitable to hold anyway.

Quote
with a great idea such as gift cards, you cannot be lazy and over charge the customer by showing one price. the retailer charges them another price and you redeem the customer an amount of bitcoin that does not relate at all to the current market price of bitcoin.
This is a fantastic way to buy Bitcoins... I wish people were complaining about it less, because this is a way to buy Bitcoins that we previously haven't had before.

And there really is a simple solution for it to prevent people from feeling like they are getting ripped off:

$100*

*To be redeemed at price equivalent to MtGox + 10%


Title: Re: 1st Bitcoin Gift card :)
Post by: frga13 on March 26, 2013, 06:20:36 PM

And there really is a simple solution for it to prevent people from feeling like they are getting ripped off:

$100*

*To be redeemed at price equivalent to MtGox + 10%

Well, this is something. That should write on the site.
That, and MtGox exchange value:

MtGox:78.82 +10%

or even better, calculated price:

Our exchange rate is: 86.702

With those writing on the site, you are covered and users will know exactly how much BTC will get when redeem...


Title: Re: 1st Bitcoin Gift card :)
Post by: SgtSpike on March 26, 2013, 06:25:53 PM

And there really is a simple solution for it to prevent people from feeling like they are getting ripped off:

$100*

*To be redeemed at price equivalent to MtGox + 10%

Well, this is something. That should write on the site.
That, and MtGox exchange value:

MtGox:78.82 +10%

or even better, calculated price:

Our exchange rate is: 86.702

With those writing on the site, you are covered and users will know exactly how much BTC will get when redeem...
Not necessarily.  There's still the time lag between when you buy the gift card and when you receive the code, and then when you receive the code and when you redeem it.  Giving a guaranteed exchange rate isn't the goal of these gift cards at all.  If that's what you're after, then you might want to look elsewhere...


Title: Re: 1st Bitcoin Gift card :)
Post by: boonies4u on March 26, 2013, 06:45:57 PM

And there really is a simple solution for it to prevent people from feeling like they are getting ripped off:

$100*

*To be redeemed at price equivalent to MtGox + 10%

Well, this is something. That should write on the site.
That, and MtGox exchange value:

MtGox:78.82 +10%

or even better, calculated price:

Our exchange rate is: 86.702

With those writing on the site, you are covered and users will know exactly how much BTC will get when redeem...
Not necessarily.  There's still the time lag between when you buy the gift card and when you receive the code, and then when you receive the code and when you redeem it.  Giving a guaranteed exchange rate isn't the goal of these gift cards at all.  If that's what you're after, then you might want to look elsewhere...

The exchange rate is something I would like to see somewhere, at least on the page you go to redeem your code(s).


Title: Re: 1st Bitcoin Gift card :)
Post by: frga13 on March 26, 2013, 06:51:19 PM
Well, I'm not after anything. I'm just stating my opinion as a potential customer of (your) product.

Quote from: SgtSpike
There's still the time lag between when you buy the gift card and when you receive the code,

This is irrelevant. I can buy a git card and hold it for a while.
But when I want to redeem it, I want to know the exchange rate. Don't we all?
Nobody said "it has to be fixed rate", but MtGox rate + 10 % must be stated on the site, so I (or any buyer) can see it. And then you can write: *due to lag, exchange rate could be slighty different

Furthermore, after buyer clicks Redeem, the website can check latest price at MtGox and Alert:
You are about to exchange 100$ for 0.91217 BTC. Proceed? Yes/No
This should not present any technical problem...

Quote from: SgtSpike
...then you might want to look elsewhere...

Last but not least, if you continue with that attitude I asure you that I'm not the only one who will "look elsewhere"...



Title: Re: 1st Bitcoin Gift card :)
Post by: arklan on March 26, 2013, 06:55:39 PM
Well, I'm not after anything. I'm just stating my opinion as a potential customer of (your) product.

Quote from: SgtSpike
There's still the time lag between when you buy the gift card and when you receive the code,

This is irrelevant. I can buy a git card and hold it for a while.
But when I want to redeem it, I want to know the exchange rate. Don't we all?
Nobody said "it has to be fixed rate", but MtGox rate + 10 % must be stated on the site, so I (or any buyer) can see it. And then you can write: *due to lag, exchange rate could be slighty different

Furthermore, after buyer clicks Redeem, the website can check latest price at MtGox and Alert:
You are about to exchange 100$ for 0.91217 BTC. Proceed? Yes/No
This should not present any technical problem...

Quote from: SgtSpike
...then you might want to look elsewhere...

Last but not least, if you continue with that attitude I asure you that I'm not the only one who will "look elsewhere"...



oh, FRGA, SgtSpike isn't the guy selling the gift cards. as such, why does his attitude have any bearing on the product at hand?


Title: Re: 1st Bitcoin Gift card :)
Post by: SgtSpike on March 26, 2013, 07:09:25 PM
Well, I'm not after anything. I'm just stating my opinion as a potential customer of (your) product.

Quote from: SgtSpike
There's still the time lag between when you buy the gift card and when you receive the code,

This is irrelevant. I can buy a git card and hold it for a while.
But when I want to redeem it, I want to know the exchange rate. Don't we all?
Nobody said "it has to be fixed rate", but MtGox rate + 10 % must be stated on the site, so I (or any buyer) can see it. And then you can write: *due to lag, exchange rate could be slighty different

Furthermore, after buyer clicks Redeem, the website can check latest price at MtGox and Alert:
You are about to exchange 100$ for 0.91217 BTC. Proceed? Yes/No
This should not present any technical problem...

Quote from: SgtSpike
...then you might want to look elsewhere...

Last but not least, if you continue with that attitude I asure you that I'm not the only one who will "look elsewhere"...
Ah, I misunderstood what you were trying to say.  Yes, I completely agree that the exchange rate should be stated just prior to redemption.


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 26, 2013, 07:11:01 PM
lol $100 costing $109 but giving the customer under $100 of value...

hmmmmmmmmmmmmmmmmm.....

that is a business model sure to fail in the retailers meeting room

you have the price tag showing $100 so that is the retailers price (the price customers pay).
the retailer needs to make a profit, so they would need to buy the cards off you for under $100 to make a profit. this is called whole sale price.

you also need to make a profit so you need to ensure the amount of bitcoin covers your profits but also meets world governments price advertising laws.

the most suitable solution is to pre buy Bitcoin whilst it is low and to hold it. so when someone in a month or 2 redeems their $100 card. the bitcoin you buy now will (hopefully be at $100 each) to cover the costs.

basically working using a reserve.

EG

cards display $100, retailer paid $90 whole sale.
you bought 1.1538BTC today using the $90. then when bitcoin reaches $100 you can give the customer 1BTC. netting you some profit.(0.1538btc)

with a great idea such as gift cards, you cannot be lazy and over charge the customer by showing one price. the retailer charges them another price and you redeem the customer an amount of bitcoin that does not relate at all to the current market price of bitcoin.

that is not how retail works.

I wont even bother going into deep discussion here

1. if you dont like it don't buy it, , wire them money wait 5 days for transfer to settle...in meantime bitcoin price went up 50%, nice saving you made. then they will ask you to provide all kinds of documents and make you wait 2 weeks to get your account verified.

2. You business plan as how retail works is total nonsense, gambling on bitcoin price rise and make a profit on this, very smart...what if it goes down and this does and will happen.





Title: Re: 1st Bitcoin Gift card :)
Post by: franky1 on March 26, 2013, 07:12:06 PM
by specifying a retail price printed on the gift card carboard.. but the customer not able to buy it at that amount is a failure.

by the supplying them bitcoins without pre-informing them of the amount they will get is a failure.

this is where retail vs forex fails.

trying to run a retail business plan using forex strategies wont work.

you HAVE to build up a reserve and to trade behind the scenes away from the gift cards to make your profit to ensure that when retailers and customer get is what is correct and lawful. you have to be legally accountable for your actions.. saying "total nonsense" makes me know 100% you have never been in business before.

i am sorry that it seems like hard work. but welcome to the real world.

and i bought bitcoin via wire transfer in under 10 minutes, the price i seen is the price i paid, and the amount of coins i seen was the amount i received.

it is possible. so please re-evaluate your business plan before thinking you have a hope in hells chance of taking your product to retailers. (this coming from someone with great experience in these matters)

Edit: great news a before redemption value being shown.. great thank you, one step in the right direction.. now to ensure that customer only pay $100 and retailers buy off you at whole sale under $100 so they can make a profitt. and you'll be ready to go to retailers with a superb offering


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 26, 2013, 07:12:35 PM

And there really is a simple solution for it to prevent people from feeling like they are getting ripped off:

$100*

*To be redeemed at price equivalent to MtGox + 10%

Well, this is something. That should write on the site.
That, and MtGox exchange value:

MtGox:78.82 +10%

or even better, calculated price:

Our exchange rate is: 86.702

With those writing on the site, you are covered and users will know exactly how much BTC will get when redeem...

I agree on this and it will be displayed with site update this week


Title: Re: 1st Bitcoin Gift card :)
Post by: frga13 on March 26, 2013, 07:20:29 PM

oh, FRGA, SgtSpike isn't the guy selling the gift cards. as such, why does his attitude have any bearing on the product at hand?

If he is not connected with Giftcoins, then his attitude have nothing to do with the product, and you may disregard last sentence.
However, other things I said still stands.








Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 26, 2013, 07:22:14 PM
by specifying a retail price printed on the gift card carboard.. but the customer not able to buy it at that amount is a failure.

by the supplying them bitcoins without pre-informing them of the amount they will get is a failure.

this is where retail vs forex fails.

trying to run a retail business plan using forex strategies wont work.

you HAVE to build up a reserve and to trade behind the scenes away from the gift cards to make your profit to ensure that when retailers and customer get is what is correct and lawful.

i am sorry that it seems like hard work. but welcome to the real world.

if I may ask, what kind of experience in online business do you have?

Here is your idea of doing business if I got it correct.

We should sell $100 card to reseller for $90

Reseller sells it for $100 to end user, from those $100 processing bank takes $4 plus 10% rolling reserve for 6 months, leaving reseller paying cards $90 and getting $86 back plus risk of fraud that online business brings...

oh let;s get back to us for a bit, we got $90 for $100 and when users redeem card they would get bitcoins for $100 becuse this is how much they paid...

good plan...

All this is possible if we were selling something worthless, for example subscription to some stupid over paid service


Title: Re: 1st Bitcoin Gift card :)
Post by: frga13 on March 26, 2013, 07:23:45 PM

I agree on this and it will be displayed with site update this week

Allright! :)


Title: Re: 1st Bitcoin Gift card :)
Post by: SgtSpike on March 26, 2013, 07:29:29 PM
by specifying a retail price printed on the gift card carboard.. but the customer not able to buy it at that amount is a failure.

by the supplying them bitcoins without pre-informing them of the amount they will get is a failure.

this is where retail vs forex fails.

trying to run a retail business plan using forex strategies wont work.

you HAVE to build up a reserve and to trade behind the scenes away from the gift cards to make your profit to ensure that when retailers and customer get is what is correct and lawful. you have to be legally accountable for your actions.. saying "total nonsense" makes me know 100% you have never been in business before.

i am sorry that it seems like hard work. but welcome to the real world.

and i bought bitcoin via wire transfer in under 10 minutes, the price i seen is the price i paid, and the amount of coins i seen was the amount i received.

it is possible. so please re-evaluate your business plan before thinking you have a hope in hells chance of taking your product to retailers. (this coming from someone with great experience in these matters)

Edit: great news a before redemption value being shown.. great thank you, one step in the right direction.. now to ensure that customer only pay $100 and retailers buy off you at whole sale under $100 so they can make a profitt. and you'll be ready to go to retailers with a superb offering
You are out of your mind.  If a company can make a profit forex trading in the background, they wouldn't sell their profits off in the form of giftcards.  That would make zero sense from any perspective.


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 26, 2013, 07:40:11 PM
by specifying a retail price printed on the gift card carboard.. but the customer not able to buy it at that amount is a failure.

by the supplying them bitcoins without pre-informing them of the amount they will get is a failure.

this is where retail vs forex fails.

trying to run a retail business plan using forex strategies wont work.

you HAVE to build up a reserve and to trade behind the scenes away from the gift cards to make your profit to ensure that when retailers and customer get is what is correct and lawful. you have to be legally accountable for your actions.. saying "total nonsense" makes me know 100% you have never been in business before.

i am sorry that it seems like hard work. but welcome to the real world.

and i bought bitcoin via wire transfer in under 10 minutes, the price i seen is the price i paid, and the amount of coins i seen was the amount i received.

it is possible. so please re-evaluate your business plan before thinking you have a hope in hells chance of taking your product to retailers. (this coming from someone with great experience in these matters)

Edit: great news a before redemption value being shown.. great thank you, one step in the right direction.. now to ensure that customer only pay $100 and retailers buy off you at whole sale under $100 so they can make a profitt. and you'll be ready to go to retailers with a superb offering
You are out of your mind.  If a company can make a profit forex trading in the background, they wouldn't sell their profits off in the form of giftcards.  That would make zero sense from any perspective.

haha, and yet he got us into discussion

 


Title: Re: 1st Bitcoin Gift card :)
Post by: franky1 on March 26, 2013, 10:29:41 PM
imagine itunes selling their $50 gift cards advertised at $50 in walmart but the walmart checkout operator says to the customer that it will cost $54. then being told "if you dont like it, dont buy it"
imagine the customer got home and found out that music tracks at normally 50c, where the customer thinks he can redeem 100 songs. is surprised to see only able to redeem 45 songs.

now ill give you 3 options to try.
1. build up a reserve, to pre-buy coin on the cheap(during a dump)and hold it for the later redemptions that are higher value.
or
2. raise your "spot price" to an amount to both cover your profits and the profit margin a bricks and mortar retailer would want to receive. thus not requiring a reserve.
or
3. carry on as you are and wait for complaints at advertising standards agencies to begin, then watch what happens to your legit business when all your funds are frozen and you are stand infront of a courtroom.

now to put the 3 options into the itunes scenarios legally.
1. itunes does a deal behind the scenes with recording companies to reduce the songs wholesale cost to under 40c so that itunes makes a profit, where they sell it online (10c a song profit). also the cost price is low enough that itunes can produce cards and sell the cards to retailers so that customers can purchase them for $50 knowing they will get 100 songs.(5c profit to retailer 5c profit to itunes per song)
hang on..... wow thats exactly how itunes does it.. wow that must be a shocker to you.

2. dont do deals behind the scene but have advertised on the card that the $50 card would not give them 100 songs, but would give them 10-20% less songs to cover the convenience of buying locally.

3. ignore words such as honest pricing, transparency, retail law, contracts of sales. and wait and see what happens

also to note this is a statement on apples own website
Quote
In the event you have been charged more than the posted price for a product in an Apple Retail Store, please see a Manager for a refund of the overcharge.

hmm lets see what walmart says, and 7-11,, oh look they have fair prcing policies too...

wow.. i wonder why


Title: Re: 1st Bitcoin Gift card :)
Post by: SgtSpike on March 26, 2013, 11:05:59 PM
imagine itunes selling their $50 gift cards advertised at $50 in walmart but the walmart checkout operator says to the customer that it will cost $54. then being told "if you dont like it, dont buy it"
imagine the customer got home and found out that music tracks at normally 50c, where the customer thinks he can redeem 100 songs. is surprised to see only able to redeem 45 songs.

now ill give you 3 options to try.
1. build up a reserve, to pre-buy coin on the cheap(during a dump)and hold it for the later redemptions that are higher value.
or
2. raise your "spot price" to an amount to both cover your profits and the profit margin a bricks and mortar retailer would want to receive. thus not requiring a reserve.
or
3. carry on as you are and wait for complaints at advertising standards agencies to begin, then watch what happens to your legit business when all your funds are frozen and you are stand infront of a courtroom.

now to put the 3 options into the itunes scenarios legally.
1. itunes does a deal behind the scenes with recording companies to reduce the songs wholesale cost to under 40c so that itunes makes a profit, where they sell it online (10c a song profit). also the cost price is low enough that itunes can produce cards and sell the cards to retailers so that customers can purchase them for $50 knowing they will get 100 songs.(5c profit to retailer 5c profit to itunes per song)
hang on..... wow thats exactly how itunes does it.. wow that must be a shocker to you.

2. dont do deals behind the scene but have advertised on the card that the $50 card would not give them 100 songs, but would give them 10-20% less songs to cover the convenience of buying locally.

3. ignore words such as honest pricing, transparency, retail law, contracts of sales. and wait and see what happens

also to note this is a statement on apples own website
Quote
In the event you have been charged more than the posted price for a product in an Apple Retail Store, please see a Manager for a refund of the overcharge.

hmm lets see what walmart says, and 7-11,, oh look they have fair prcing policies too...

wow.. i wonder why

You cannot do iTunes style because there is no profit margin on trading $100 for $100 worth of BTC.  You either have to give the person less BTC, or charge more than $100 for the $100 card.  And again, attempting to game the market by pre-buying coins is a ridiculous notion.  Anyone who can make a profit on the market isn't going to give it away in the form of gift cards.

I agree that they need to make it more clear how much BTC you will be receiving with a $100 card (i.e., MtGox - 10% or something).


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 27, 2013, 12:14:33 AM
imagine itunes selling their $50 gift cards advertised at $50 in walmart but the walmart checkout operator says to the customer that it will cost $54. then being told "if you dont like it, dont buy it"
imagine the customer got home and found out that music tracks at normally 50c, where the customer thinks he can redeem 100 songs. is surprised to see only able to redeem 45 songs.

now ill give you 3 options to try.
1. build up a reserve, to pre-buy coin on the cheap(during a dump)and hold it for the later redemptions that are higher value.
or
2. raise your "spot price" to an amount to both cover your profits and the profit margin a bricks and mortar retailer would want to receive. thus not requiring a reserve.
or
3. carry on as you are and wait for complaints at advertising standards agencies to begin, then watch what happens to your legit business when all your funds are frozen and you are stand infront of a courtroom.

now to put the 3 options into the itunes scenarios legally.
1. itunes does a deal behind the scenes with recording companies to reduce the songs wholesale cost to under 40c so that itunes makes a profit, where they sell it online (10c a song profit). also the cost price is low enough that itunes can produce cards and sell the cards to retailers so that customers can purchase them for $50 knowing they will get 100 songs.(5c profit to retailer 5c profit to itunes per song)
hang on..... wow thats exactly how itunes does it.. wow that must be a shocker to you.

2. dont do deals behind the scene but have advertised on the card that the $50 card would not give them 100 songs, but would give them 10-20% less songs to cover the convenience of buying locally.

3. ignore words such as honest pricing, transparency, retail law, contracts of sales. and wait and see what happens

also to note this is a statement on apples own website
Quote
In the event you have been charged more than the posted price for a product in an Apple Retail Store, please see a Manager for a refund of the overcharge.

hmm lets see what walmart says, and 7-11,, oh look they have fair prcing policies too...

wow.. i wonder why


http://www.pcgamesupply.com/ - bigest online gift card reseller

$50 iTunes card will cost you $59.99, 20% more

US company doing business 10 years now. I bet everything costs 20% more because they have to pay lawsuits all the time :)

BTW Apple is making 30%+ on every product you buy from them, this includes music and apps. Your comparison iTunes-Giftcoins is pure nonsense.

No one is forcing anyone to buy Giftcoins. People simply do not want to wait or hassle with stupid and complicated exchangers. They have a choice, plenty of choices but still they choose cards.

Anyway instead of talking nonsense here you should spend your time trading forex, seems you are expert in this field.

 


Title: Re: 1st Bitcoin Gift card :)
Post by: arklan on March 27, 2013, 01:15:00 AM
i was just about to point out that, having recently bought a prepaid giftcard (generic visa) at walmart valued at $50, i had to pay about 54 for it. so the stores charging more then the value of the card is EXACTLY what happens, frequently. i assume this is partly justified by "gift" card. as in, i'm buying this $50 visa card as a gift for someone else, and the fee to GET the card is 4 bucks, or what have you.


Title: Re: 1st Bitcoin Gift card :)
Post by: boonies4u on March 27, 2013, 01:17:38 AM
I'm fine with your business as long as it is clear to the consumer how many bitcoins they will get for redeeming their x$ card.



If understand correctly...

   You sell a card valued at x$ to a reseller for x$+y$* (where y is >= 0).

   A consumer then pays a reseller x$+z$* (where z is >= 0) to a reseller to receive the x$ card.

  * or %

Then one of the following happens...

   The consumer redeems his x$ card for x$-n$ (where n >=0 which is a fee for performing the currency conversion) leaving m$.
   The consumer then receives m$ worth of BTC at the last trading price**  of your chosen exchange.
   
   OR

   The consumer redeems his x$ card.
   The consumer receives x$ worth of BTC at the last trading price** +b% (where b >= 0 which is a modifier to the last/average trading price) of your chosen exchange.

   **or chosen hour-average



I hope I didn't give anyone a variable-overload. I'm just wondering if the consumers are "paying extra" twice to receive their bitcoins and if upon receiving their bitcoins they are paying a flat fee or are buying coins at an increased trading price.


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 27, 2013, 04:58:21 PM
cards are in stock on https://www.jagoo.net/card/7


Title: Re: 1st Bitcoin Gift card :)
Post by: frga13 on March 27, 2013, 05:33:34 PM
Is there an expiry date on a card?


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 27, 2013, 06:09:08 PM
Is there an expiry date on a card?

NO! :)


Title: Re: 1st Bitcoin Gift card :)
Post by: frga13 on March 27, 2013, 06:38:01 PM
Is there an expiry date on a card?

NO! :)

great :)


Title: Re: 1st Bitcoin Gift card :)
Post by: franky1 on March 27, 2013, 09:46:30 PM
the itunes $50 CLEARLY  states why its $59.99 on that website.

"activation fee"

its not just showing on one page $50 and at the checkout $59.99 without giving a good reason.

so please do the legal bits...

its called terms and conditions, descriptions, transparency, crossing the T and dotting the i's..

you wont expand your great product into bricks and mortar retailers in your current form.

you think i say all of this because i am trying to tell people not to use your service .. no i am not.

i am telling you in as plain english as possible to UP your game, as you can make alot more money long term by changing the back end of your business model and atleast looking beyond your daily profits, to think about monthly/yearly profits you could make. aswell as expanding your brand name.

if your not going to do a "reserve" business model where you buy while cheap to then profit later, but instead copy the business model where retailers add on a "activation fee" that will lose you some browning points when going into meetings with retailers, as they love a cut of the retailer advertised price.

but not having and T&C to be transparent also will hurt you, as the retailers will see lots of pitfalls that customers can use and abuse.

having a "if you don't like it, don't buy from us" mentality instead of a functional business brain that is searching for idea's suggestions and criticisms to improve your brand. or if you simply cannot handle criticism which is actually beneficial to your product. makes you not a wise business man.

i will make it simple in laymans terms so you can tart it up into the proper legal terminology

Terms and conditions
Some retailers may charge an activation fee,delivery fee or service charge fee ontop of the advertised price, to cover the costs outside of giftcoins.me control.
Please be aware that the redemption rate is based on MTGox +10%, the actual redemption value you receive will be able to be seen prior to redeeming your card.
Due to the nature of these products a refund is not possible after a redemption has occured.
for more details of our policies please contact us at: <your email>

feel free to add more terms and conditions to cover your back if you can't be arsed to change your business model.

i am glad you have moved one step forward by promising a pre-redemption valuation. thanks. now a few more steps forward and your brand name will have no issues expanding.

P.S my first post mentioning the reserve model the bitcoin was at $75 and at one point dropped to $68. it is right nw $88. you could have bought 100 coins and held them for one week and then given people redeeming their coins at $88 a more accurate $ vs BTC and still had BTC left over for personal profit.

a profit of between 15%-23% giving the customer a proper at mtgox value or even more profit by keeping your % above spot. but hey you know whats best.. lol


Title: Re: 1st Bitcoin Gift card :)
Post by: boonies4u on March 27, 2013, 10:50:08 PM
i will make it simple in laymans terms so you can tart it up into the proper legal terminology

Terms and conditions
Some retailers may charge an activation fee,delivery fee or service charge fee ontop of the advertised price, to cover the costs outside of giftcoins.me control.
Please be aware that the redemption rate is based on MTGox +10%, the actual redemption value you receive will be able to be seen prior to redeeming your card.
Due to the nature of these products a refund is not possible after a redemption has occured.
for more details of our policies please contact us at: <your email>

I would also like to see something like this.


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 28, 2013, 06:55:35 AM
franky1, thank you for those terms suggestion

Terms and conditions
Some retailers may charge an activation fee,delivery fee or service charge fee ontop of the advertised price, to cover the costs outside of giftcoins.me control.
Please be aware that the redemption rate is based on MTGox +10%, the actual redemption value you receive will be able to be seen prior to redeeming your card.
Due to the nature of these products a refund is not possible after a redemption has occured.
for more details of our policies please contact us at: <your email>

What else you and others users would like to see in those terms?

Please contribute with your ideas what would be fair to display


One note on redemption rate though, we will have current rate displayed in header, no mtgox or any other exchange rate, it will be our exact rate so you dont have to calculate anything, no adding 10% on mtgox etc.

franky1 - This is regarding jagoo.net and their card pricing, they clearly state that extra cost is "Service fee" and card still has it's price as displayed on it...Service fee, Activation fee who cares what it is as all is the same. pcgamesupply.com is using term "Activation fee", they dont activate anything, they just send you the code they already have as there is no activation. They can call it Happy fee and it would not make a difference, it's a fee they are charging.


Title: Re: 1st Bitcoin Gift card :)
Post by: 13Charlie on March 28, 2013, 02:13:22 PM
This looks like a pretty solid idea.

Plus you have the force behind you.

http://i.imgur.com/7VQCUNQ.jpg?1


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 28, 2013, 02:18:47 PM
This looks like a pretty solid idea.

Plus you have the force behind you.

http://i.imgur.com/7VQCUNQ.jpg?1

Finally someone noticed master Yoda!!! :)


Title: Re: 1st Bitcoin Gift card :)
Post by: siggy on March 28, 2013, 06:32:22 PM

One note on redemption rate though, we will have current rate displayed in header, no mtgox or any other exchange rate, it will be our exact rate so you dont have to calculate anything, no adding 10% on mtgox etc.


CYA .. put an * next to that rate and put _someplace_ on your site how that rate is derived.. even if it is in real tiny teeny small print....

Sigg


Title: Re: 1st Bitcoin Gift card :)
Post by: franky1 on March 28, 2013, 08:05:26 PM

franky1 - This is regarding jagoo.net and their card pricing, they clearly state that extra cost is "Service fee" and card still has it's price as displayed on it...Service fee, Activation fee who cares what it is as all is the same. pcgamesupply.com is using term "Activation fee", they dont activate anything, they just send you the code they already have as there is no activation. They can call it Happy fee and it would not make a difference, it's a fee they are charging.


yes but still stipulating ON YOUR SITE that resellers may add on fee's protects you.

secondly when you want to go to walmart or 7-11 if you dont have that stipulation then they would want to sell a $100 card to customers at $100 and then buy the card wholesale from yourselves under $100.

by having terms in YOUR SITE you can protect yourself from resellers demanding a under $100 wholesale price.

although i find the reseller additional fee a flawed business model, i have tried to atleast compensate my thought process to aid your current model and get to a middle ground that atleast removes future headaches you may come across sticking with your business model.

but as i said last week buying at the mid $70's holding it as a reserve to then sell a week later would net you profit without having to have silly +10% gox prices or giving the customer less bitcoin then they expect.

i do agree though that a simple you will receive 1BTC for $100 is better then lots of % and + symbols spawled across the pre-redemption page.

the only issue i still have is that in england i can still go to my local post office visit a moneygram cashier desk hand over the money, be given a code. type that into bitinstant.com and get bitcoin at 6% of the ACTUAL money i have put in.

so a $109.99 customer payment for a product that has a $100 tag but ends up as a under $100 allotment of bitcoin, still seems excessive.

but hey.. baby steps, you'll get there


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 28, 2013, 08:07:17 PM
Design looks nice, but the card value should be denominated in BTC, not dollars.

it's not possible to have BTC on them due to resellers risk involved.





Hi - my suggestion would be to do both.

type_1 of the card is to have the BTC on it (i would greatly prefer this one).
type_2 of the card is to have some other currency on it (some would prefer this due to the relative stability of that currency).


I don't really support the concept of giving someone $X that turns into whatever $X of bitcoins happens to be worth.

In little kids terms, it sucks when gram gram gives you a gift card for some place you don't want to use it at when if she just gave you the cash you could do whatever you wanted with it ;)


I do support giving someone an easy way to grab bitcoins, and this is awesome for that either way!





yes, this makes sense and it would be cool if BTC price doesn't have so big fluctuations.

There is no sain reseller that would take the rist of selling BTC denominated cards, makes no sense.

All cool when BTC price is going up

What if reseller buys 1BTC Giftcoins card and pays us $100 for it, he needs to sell it to end user to make profit...BTC price goes down to $80 and he can sell it for $85 maybe, pure loss. It's just gambling and not business


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 28, 2013, 08:11:34 PM

franky1 - This is regarding jagoo.net and their card pricing, they clearly state that extra cost is "Service fee" and card still has it's price as displayed on it...Service fee, Activation fee who cares what it is as all is the same. pcgamesupply.com is using term "Activation fee", they dont activate anything, they just send you the code they already have as there is no activation. They can call it Happy fee and it would not make a difference, it's a fee they are charging.


yes but still stipulating ON YOUR SITE that resellers may add on fee's protects you.

secondly when you want to go to walmart or 7-11 if you dont have that stipulation then they would want to sell a $100 card to customers at $100 and then buy the card wholesale from yourselves under $100.

by having terms in YOUR SITE you can protect yourself from resellers demanding a under $100 wholesale price.

although i find the reseller additional fee a flawed business model, i have tried to atleast compensate my thought process to aid your current model and get to a middle ground that atleast removes future headaches you may come across sticking with your business model.

but as i said last week buying at the mid $70's holding it as a reserve to then sell a week later would net you profit without having to have silly +10% gox prices or giving the customer less bitcoin then they expect.

i do agree though that a simple you will receive 1BTC for $100 is better then lots of % and + symbols spawled across the pre-redemption page.

the only issue i still have is that in england i can still go to my local post office visit a moneygram cashier desk hand over the money, be given a code. type that into bitinstant.com and get bitcoin at 6% of the ACTUAL money i have put in.

so a $109.99 customer payment for a product that has a $100 tag but ends up as a under $100 allotment of bitcoin, still seems excessive.

but hey.. baby steps, you'll get there

few questions for you.

How much you pay for money gram transfer? There must be some fees involved both with them and bitinstant?

While you have to go to your post office, wait in the line, maybe spend few $ on a gas, parking, probably total waste 1h of your time...some other person will just use their credit card, be done in 5min and spend the rest 55 doing something they like doing :)


Title: Re: 1st Bitcoin Gift card :)
Post by: MarlboroMan on March 28, 2013, 08:17:53 PM
Wow awesome idea, and I agree it should be valued in USD as Bitcoin prices are to volatile.


Title: Re: 1st Bitcoin Gift card :)
Post by: franky1 on March 28, 2013, 09:14:01 PM
few questions for you.

How much you pay for money gram transfer? There must be some fees involved both with them and bitinstant?

While you have to go to your post office, wait in the line, maybe spend few $ on a gas, parking, probably total waste 1h of your time...some other person will just use their credit card, be done in 5min and spend the rest 55 doing something they like doing :)


fuel costs..
well im talking about the day you finally have the cardboard "GIFTCARDS" in retail stores. where people want to waste car fuel to get their "giftcards" by walking into walmart or a 7-11

offering an online facility is not a GIFTCARD but more simply a redemption code via email/webpage.

which if we take away the whole car fuel go to retailer blah..

lets use blockchain.info. if i put in $100 into blockchain.info wire transfer.. id still get a better rate..


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 28, 2013, 09:50:58 PM
few questions for you.

How much you pay for money gram transfer? There must be some fees involved both with them and bitinstant?

While you have to go to your post office, wait in the line, maybe spend few $ on a gas, parking, probably total waste 1h of your time...some other person will just use their credit card, be done in 5min and spend the rest 55 doing something they like doing :)


fuel costs..
well im talking about the day you finally have the cardboard "GIFTCARDS" in retail stores. where people want to waste car fuel to get their "giftcards" by walking into walmart or a 7-11

offering an online facility is not a GIFTCARD but more simply a redemption code via email/webpage.

which if we take away the whole car fuel go to retailer blah..

lets use blockchain.info. if i put in $100 into blockchain.info wire transfer.. id still get a better rate..

you are right

and BTC just went down $20 in 20min :)


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on March 28, 2013, 09:52:09 PM
Wow awesome idea, and I agree it should be valued in USD as Bitcoin prices are to volatile.

like today, from $95 to $75 in 30min


Title: Re: 1st Bitcoin Gift card :)
Post by: 13Charlie on March 29, 2013, 10:31:47 PM
Wow awesome idea, and I agree it should be valued in USD as Bitcoin prices are to volatile.

like today, from $95 to $75 in 30min
Then back up to $87


Title: Re: 1st Bitcoin Gift card :)
Post by: mccorvic on March 29, 2013, 11:11:16 PM
You should add info to the OP about where I can buy them.  I'm still not sure if I can actually order a physical card.  I would love to give some away as gifts.


Title: Re: 1st Bitcoin Gift card :)
Post by: franky1 on March 30, 2013, 04:05:18 AM
Wow awesome idea, and I agree it should be valued in USD as Bitcoin prices are to volatile.

like today, from $95 to $75 in 30min

yep a great time to buy coin at $7 and hold it for the rise :D

then those redeeming at the now $90 can get a nice amount of bitcoin and u have left overs for busness profit or future customers.

or left as a reserve to counter any more volitility/future purchasing power


Title: Re: 1st Bitcoin Gift card :)
Post by: scrybe on April 01, 2013, 03:34:30 PM

franky1 - This is regarding jagoo.net and their card pricing, they clearly state that extra cost is "Service fee" and card still has it's price as displayed on it...Service fee, Activation fee who cares what it is as all is the same. pcgamesupply.com is using term "Activation fee", they dont activate anything, they just send you the code they already have as there is no activation. They can call it Happy fee and it would not make a difference, it's a fee they are charging.


yes but still stipulating ON YOUR SITE that resellers may add on fee's protects you.

secondly when you want to go to walmart or 7-11 if you dont have that stipulation then they would want to sell a $100 card to customers at $100 and then buy the card wholesale from yourselves under $100.

by having terms in YOUR SITE you can protect yourself from resellers demanding a under $100 wholesale price.

although i find the reseller additional fee a flawed business model, i have tried to atleast compensate my thought process to aid your current model and get to a middle ground that atleast removes future headaches you may come across sticking with your business model.

but as i said last week buying at the mid $70's holding it as a reserve to then sell a week later would net you profit without having to have silly +10% gox prices or giving the customer less bitcoin then they expect.

i do agree though that a simple you will receive 1BTC for $100 is better then lots of % and + symbols spawled across the pre-redemption page.

the only issue i still have is that in england i can still go to my local post office visit a moneygram cashier desk hand over the money, be given a code. type that into bitinstant.com and get bitcoin at 6% of the ACTUAL money i have put in.

so a $109.99 customer payment for a product that has a $100 tag but ends up as a under $100 allotment of bitcoin, still seems excessive.

but hey.. baby steps, you'll get there

few questions for you.

How much you pay for money gram transfer? There must be some fees involved both with them and bitinstant?

While you have to go to your post office, wait in the line, maybe spend few $ on a gas, parking, probably total waste 1h of your time...some other person will just use their credit card, be done in 5min and spend the rest 55 doing something they like doing :)


In that case I use btcQuick and pay a maximum of 7.5%. Fees of 10% on the backend AND 8-25% on the front end are very high and you should not fool yourself into thinking otherwise. You have premium pricing on what is destined to be a commodity market (giftcards), at some point you will either have to update your business model or someone will price you out of the game.

Best of luck


Title: Re: 1st Bitcoin Gift card :)
Post by: dan9575 on April 11, 2013, 12:45:00 AM
You guys have been out of gift cards for awhile, when are you gonna re stock?


Title: Re: 1st Bitcoin Gift card :)
Post by: frga13 on April 12, 2013, 03:30:00 PM
MtGox - 73 $
Bitstamp - 62 $
btc-e - 69 $


giftcoin.me - 113.29 $?
what kind of exchange is that? I tought that you use bitstamp + some %? what? 80%?


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on April 13, 2013, 07:32:07 AM
MtGox - 73 $
Bitstamp - 62 $
btc-e - 69 $


giftcoin.me - 113.29 $?
what kind of exchange is that? I tought that you use bitstamp + some %? what? 80%?


BTC market is a mess, that's what kind of exchange :)

Finally things are stabilized and here is real situation that shouldn't change

Giftcoins - $126.54

MtGox - 118 $
Bitstamp - 111 $
btc-e - 107.69 $  (not really competition, stupid ways to get money into exchange)

Good news is that new exchange will enter the market next month, more serious that current jokers :)




Title: Re: 1st Bitcoin Gift card :)
Post by: arklan on April 13, 2013, 07:33:27 AM
so are these actually in stock somewhere? i'm going to be in a position to buy one monday. just $25.... and i'd rather do this then local bitcoins or such


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on April 13, 2013, 07:53:24 AM
so are these actually in stock somewhere? i'm going to be in a position to buy one monday. just $25.... and i'd rather do this then local bitcoins or such


Best to contact jagoo.net directly, they could tell you exact time when they will put new batch online. They buy codes from us almost every day but seems all is solds out within hours every time.


Title: Re: 1st Bitcoin Gift card :)
Post by: arklan on April 13, 2013, 08:19:01 AM
gotcha. thanks.


Title: Re: 1st Bitcoin Gift card :)
Post by: frga13 on April 15, 2013, 08:03:57 PM
MtGox - 73 $
Bitstamp - 62 $
btc-e - 69 $


giftcoin.me - 113.29 $?
what kind of exchange is that? I tought that you use bitstamp + some %? what? 80%?


BTC market is a mess, that's what kind of exchange :)

Finally things are stabilized and here is real situation that shouldn't change

Giftcoins - $126.54

MtGox - 118 $
Bitstamp - 111 $
btc-e - 107.69 $  (not really competition, stupid ways to get money into exchange)

Good news is that new exchange will enter the market next month, more serious that current jokers :)


Ok, so this stabilized exchange now is :

Bitstamp - 85.84
Mt Gox - 89.82

Giftcoins - 113.29 (32% over bitstamp?)
You create your price Bitstamp + cca 30% or you change it manualy so there is delay when price change on Bitstamp?

EDIT:
Bitstamp - 75
Mt Gox - 78
Giftcoins - still 113.29


Title: Re: 1st Bitcoin Gift card :)
Post by: frga13 on April 16, 2013, 04:22:11 PM
Now is syncronized with Bitstamp and that's the way it should be.   8)
(14% though, but that's a completely different thing... )



Title: Re: 1st Bitcoin Gift card :)
Post by: frga13 on April 16, 2013, 10:31:39 PM
and we are lost again...  ;D


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on April 17, 2013, 05:44:13 AM
and we are lost again...  ;D

ahhh, it would be best to blame bitstamp, they are after all crap. Half of the time their API doen't give any response at and returning $0 price, then we use our "safe" price. Hopefully next month one new nice exchange will be live, resistant to DDOS :)


Title: Re: 1st Bitcoin Gift card :)
Post by: csw on April 18, 2013, 02:16:24 AM
anyone selling btc with credit cards have big balls  :)    i just wonder about the amount of fraud/chargebacks the resellers will have in a few weeks  :-\


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on April 18, 2013, 05:40:20 AM
anyone selling btc with credit cards have big balls  :)    i just wonder about the amount of fraud/chargebacks the resellers will have in a few weeks  :-\

Big balls are must if you wan't to do any business now days no matter what you do :)


Title: Re: 1st Bitcoin Gift card :)
Post by: Giftcoins on April 20, 2013, 06:34:24 AM
Cards are in stock on Jagoo.net, this time a lot of them :)


Title: Re: 1st Bitcoin Gift card :)
Post by: arklan on April 20, 2013, 07:34:23 AM
just bought one from jagoo. about to redeem, but i notice the exchange rate being used is 137.31, while i show bitstamp at 116. just to double check, what i see on your site is bitstamps price plus giftcoins cut, right?  meaning i won't redeem my $15 giftcard and see not just a higher exchange rate, but another fee too?

got impatient and redeemed it - "redeemed value" was $14, not 15 listed on the card. that plus the higher exchange rate hurts a little.

still - very easy way to buy coin, particularly with a credit card. (or debit in my case.) in fact, the card i used was my paypal debit. so this actually alloweds one ot go from paypal to btc, if you have the paypal card.


Title: Re: 1st Bitcoin Gift card :)
Post by: ShakerRaiders87 on April 20, 2013, 07:52:31 AM
I love the gift card idea.  I need to get one for sure.


Title: Re: 1st Bitcoin Gift card :)
Post by: TheDarkBanker on April 25, 2013, 10:44:36 PM
so when do they restock?


Title: Re: 1st Bitcoin Gift card :)
Post by: TheDarkBanker on April 29, 2013, 02:16:57 AM
Ok, I just bought 2, but I received no email, no codes. How long does this normally take???


Title: Re: 1st Bitcoin Gift card :)
Post by: dhenson on April 29, 2013, 02:27:40 AM
I got my codes on the jagoo confirm page as well as an email from 'support@jagoo.net'.  Check your spam folder for that sender?

Good luck with exchange rate, I was completely hosed when I redeemed (prior to them posting rate on their website).


Title: Re: 1st Bitcoin Gift card :)
Post by: franky1 on April 29, 2013, 09:32:12 AM
just bought one from jagoo. about to redeem, but i notice the exchange rate being used is 137.31, while i show bitstamp at 116. just to double check, what i see on your site is bitstamps price plus giftcoins cut, right?  meaning i won't redeem my $15 giftcard and see not just a higher exchange rate, but another fee too?

got impatient and redeemed it - "redeemed value" was $14, not 15 listed on the card. that plus the higher exchange rate hurts a little.

still - very easy way to buy coin, particularly with a credit card. (or debit in my case.) in fact, the card i used was my paypal debit. so this actually alloweds one ot go from paypal to btc, if you have the paypal card.

dang.. so i think i read this right
so for $17.99 out of your paypal, they credited you with only $14.. not $15 which, when bitstamp was $116 giftcard was $137.71

giving you: 0.101BTC for $17.99 ((1btc/$137.31)*14)

where you could have got: 0.129.3BTC if you had $15 in bitstamp
where you could have got: 0.155.3BTC if you had $17.99 in bitstamp

29-55% difference...... ouch

even worse is that none of their valuations match anything close to the amounts it costs the user, the value available to be redeemed or the bitcoin they will end up with. and on top of that they don't send you a physical card.. just a free email with a code.(i would have expected 20-50% variance with manufacturing/delivery costs of a physical card included, but not for a email code)

if this is the true end result then giftcards are truly not a great service. infact i feel sorry for ya. give me your bitcoin address and purely because of this 29-50% profit grab giftcard have ripped you off with, ill send you 0.055 to get you to where giftcard should have if they had a proper business model.


Title: Re: 1st Bitcoin Gift card :)
Post by: arklan on April 29, 2013, 09:44:42 AM
just bought one from jagoo. about to redeem, but i notice the exchange rate being used is 137.31, while i show bitstamp at 116. just to double check, what i see on your site is bitstamps price plus giftcoins cut, right?  meaning i won't redeem my $15 giftcard and see not just a higher exchange rate, but another fee too?

got impatient and redeemed it - "redeemed value" was $14, not 15 listed on the card. that plus the higher exchange rate hurts a little.

still - very easy way to buy coin, particularly with a credit card. (or debit in my case.) in fact, the card i used was my paypal debit. so this actually alloweds one ot go from paypal to btc, if you have the paypal card.

dang.. so i think i read this right
so for $17.99 out of your paypal, they credited you with only $14.. not $15 which, when bitstamp was $116 giftcard was $137.71

giving you: 0.101BTC for $17.99 ((1btc/$137.31)*14)

where you could have got: 0.129.3BTC if you had $15 in bitstamp
where you could have got: 0.155.3BTC if you had $17.99 in bitstamp

29-55% difference...... ouch

even worse is that none of their valuations match anything close to the amounts it costs the user, the value available to be redeemed or the bitcoin they will end up with. and on top of that they don't send you a physical card.. just a free email with a code.(i would have expected 20-50% variance with manufacturing/delivery costs of a physical card included, but not for a email code)

if this is the true end result then giftcards are truly not a great service. infact i feel sorry for ya. give me your bitcoin address and purely because of this 29-50% profit grab giftcard have ripped you off with, ill send you 0.055 to get you to where giftcard should have if they had a proper business model.

yea, that matches what i recall of the math at the time.

address pm'd. - i really should add it to my sig.


Title: Re: 1st Bitcoin Gift card :)
Post by: franky1 on April 29, 2013, 10:02:06 AM
just bought one from jagoo. about to redeem, but i notice the exchange rate being used is 137.31, while i show bitstamp at 116. just to double check, what i see on your site is bitstamps price plus giftcoins cut, right?  meaning i won't redeem my $15 giftcard and see not just a higher exchange rate, but another fee too?

got impatient and redeemed it - "redeemed value" was $14, not 15 listed on the card. that plus the higher exchange rate hurts a little.

still - very easy way to buy coin, particularly with a credit card. (or debit in my case.) in fact, the card i used was my paypal debit. so this actually alloweds one ot go from paypal to btc, if you have the paypal card.

dang.. so i think i read this right
so for $17.99 out of your paypal, they credited you with only $14.. not $15 which, when bitstamp was $116 giftcoins was $137.71

giving you: 0.101BTC for $17.99 ((1btc/$137.31)*14)

where you could have got: 0.129.3BTC if you had $15 in bitstamp
where you could have got: 0.155.3BTC if you had $17.99 in bitstamp

29-55% difference...... ouch

even worse is that none of their valuations match anything close to the amounts it costs the user, the value available to be redeemed or the bitcoin they will end up with. and on top of that they don't send you a physical card.. just a free email with a code.(i would have expected 20-50% variance with manufacturing/delivery costs of a physical card included, but not for a email code)

if this is the true end result then giftcoins are truly not a great service. infact i feel sorry for ya. give me your bitcoin address and purely because of this 29-50% profit grab giftcoins have ripped you off with, ill send you 0.055 to get you to where giftcoins should have if they had a proper business model.

yea, that matches what i recall of the math at the time.

address pm'd. - i really should add it to my sig.

im not affiliated with giftcoins at all and i am doing this just once as a bit of charity.. but anyways
https://blockchain.info/tx/57d691706a2decc77f74973f366f40819f773c520e4dcb5f4a94a4b51a379a30 (https://blockchain.info/tx/57d691706a2decc77f74973f366f40819f773c520e4dcb5f4a94a4b51a379a30) - sent :D

although many people think that giftcoins is a fast and effective service. a upto 50% reduction in potential Bitcoin arklan could have got is a reason why the mainstream, non crypto, average joe would not want to get into bitcoin.

imagine someone invests $220.
this second bitstamp 138.33
this second giftcoin 157.83
$220 becomes $200.20 after jagoo's admin costs
they would have over 1.59BTC from bitstamp with a 2 day wire transfer delay
they would have over 1.45BTC from bitstamp with a same day cash deposit through bitinstant/moneygram
but only getting 1.26btc through giftcoins same day
which using bitstamps value is a loss of $46 worth of bitcoin. that is one hell of a convenience surcharge


Title: Re: 1st Bitcoin Gift card :)
Post by: arklan on April 29, 2013, 10:12:55 AM
thanks muchly. :D


Title: Re: 1st Bitcoin Gift card :)
Post by: csw on April 29, 2013, 10:58:08 AM

although many people think that giftcoins is a fast and effective service. a upto 50% reduction in potential Bitcoin arklan could have got is a reason why the mainstream, non crypto, average joe would not want to get into bitcoin.

imagine someone invests $220.
this second bitstamp 138.33
this second giftcoin 157.83
$220 becomes $200.20 after jagoo's admin costs
they would have over 1.59BTC from bitstamp with a 2 day wire transfer delay
they would have over 1.45BTC from bitstamp with a same day cash deposit through bitinstant/moneygram
but only getting 1.26btc through giftcoins same day
which using bitstamps value is a loss of $46 worth of bitcoin. that is one hell of a convenience surcharge

this is only useful if someone wanted to invest the $220 in a hurry and don't want or can't open an account in a exchanger, otherwise it's always a bad deal
yes, i had to wait 2 days for my wire transfer (free of cost) to arrive at bitstamp, but after that it's always only 0.5% charge versus 20%? or whatever they're charging here, if people received at least a physical gift card, well, it could be acceptable, to offer someone or introduce a person to bitcoin, but just a email with a code it resembles a service i saw somewhere, they were selling sms for bitcoins with 50% charge on top of them...


Title: Re: 1st Bitcoin Gift card :)
Post by: frga13 on April 29, 2013, 12:15:21 PM
I bought 2 cards, one of 100 $ value, second 50 $ value... I payed 166.35 $

Right now exchange rate on Giftcoins is 162.44 $, so I'm getting 0.923 BTC
On Bitstamp, exchange rate is 142.49 $, so for 0.923 BTC I will have to pay 131.52 $

All in all, I'm cca 35 $ short on this...





Title: Re: 1st Bitcoin Gift card :)
Post by: dhenson on April 29, 2013, 10:48:48 PM
I purchased 4 x $100 gift cards the morning of the crash.  The total invoice amount from Jagoo was $439.60.  

After the Jagoo fee's and bizarre exchange rate I ended up receiving 4 transactions of .33btc each  for a total of 1.32 btc.

The net result of the entire transaction was that I ended up paying $333.03 USD per btc.

https://blockchain.info/tx/507af565fba426d10c4001b68ef2d7e85c46a9e1fbeb00b3110f762b397ec282
https://blockchain.info/tx/6714779e77f69c2f0ad4f5e86dc3bd7235e0a91aaec58413ec4e7ca13615daa5
https://blockchain.info/tx/594a0b2d3f00d5f0ceaa3a815ec792d61f4bb1fe1ade228a598ec2726a8bd788
https://blockchain.info/tx/171f6077f691e336cae843b2087ec76954073bc39b004e4988a685f54219d9d5

I sent an email (to admin@giftcoins.me) inquiring about the obvoius issue with the exchange rate:
Quote
I purchased 4 $100 cards and when redeemed, each gave .33 btc. The odd thing is at the time mtgox was trading at exactly $253. I only received ~85 worth of btc for each of the cards, shorting me about $60 or approx .25 btc. What exchange rate are you using?

And I received this somewhat curt unhelpful reply:
Quote
for a start we are using our own exchange rate as any other exchange.
not sure why people keep using mtgox as reference, they are not own bitcoins or have exclusive rights...just 2 guys running exchange.

Our exchange rate will be listed with with up coming update tomorrow morning.

Rate is higher then all exchanges and it will be like this, we are not exchange, we do not accept wires that take days to settle and this costs money...high risk game and we have to cover ourselves and resellers

The lesson here is never use a service like this unless their exchange rate is known and reasonable.

FML

edit... added giftcoins.me email address
edit... added transactions


Title: Re: 1st Bitcoin Gift card :)
Post by: TheDarkBanker on April 30, 2013, 10:38:12 PM
Why don't they just restock more regularly?!!! This is driving me nuts! always sold out! Have to wait the whole week


Title: Re: 1st Bitcoin Gift card :)
Post by: HeroC on May 02, 2013, 07:51:16 PM
None of the images are gone.


Title: Re: 1st Bitcoin Gift card :)
Post by: TheDarkBanker on May 04, 2013, 11:49:31 AM
What happened to the giftcoins?!!! They should have restocked already!

Cmon! All this bad luck happened and now this?!!!!!  I've been waiting forever and then they take it down right when I have a card ready?!!! This is bullshit. Somebody put a voodoo curse on me or something


Title: Re: 1st Bitcoin Gift card :)
Post by: arklan on May 04, 2013, 01:09:37 PM
What happened to the giftcoins?!!! They should have restocked already!

Cmon! All this bad luck happened and now this?!!!!!  I've been waiting forever and then they take it down right when I have a card ready?!!! This is bullshit. Somebody put a voodoo curse on me or something

from watching this thread, it seems that jagoo runs out of stock frequently, and quickly. just try back tomorrow or such, i suppose. they really should set up a "notify me when in stock" email though.

also - giftcoins, are there any other resellers as of this time?


Title: Re: 1st Bitcoin Gift card :)
Post by: TheDarkBanker on May 05, 2013, 12:52:39 PM
No answer.

I think these guys are shutting down now. Something CLEARLY happened...
*cough* Feds *cough*

Great. Just like ALL THE OTHER CC to BTC exchangers. TYPICAL =_=
And RIGHT WHEN I NEEDED IT THE MOST!!!


Title: Re: 1st Bitcoin Gift card :)
Post by: adpinbr on June 18, 2013, 12:17:43 PM
I don't get how these guys are avoiding credit card fraud?


Title: Re: 1st Bitcoin Gift card :)
Post by: adpinbr on June 19, 2013, 07:14:50 AM
And Why don't they just sell the BTC on their own site....why is jangoo taking more of my money?