Also about the conversion rate questions I forgot to mention the terms of service that talks about this:
http://cheaperinbitcoins.com/tosit says...
9. Gift Card services
Buyer agrees that upon purchasing a giftcard and/or debit card(including any other digital or non-digital card(s) that stores a monetary or bartering value) the amount of United States Dollars(USD) will vary as the Bitcoin to USD value change exponentially and agrees that Cheaper In Bitcoins may use the best available exchange rate when loading such cards.
The Bitcoin to USD rate doesn't look very exponential at the moment. Can you legally guarantee this according to your terms of service? What recourse do I have if this is not the case?
Great questions first I'll answer your first post.
The prices are in deed up dated. I change them in $0.50 to $1 intervals which ever one is profitable meaning I only change if they hit $1,$2,$3,$4,$5,etc ,etc or somtimes in between $1.50, $2.50, $3.50.
Now on your other questions
Q]Can I legally garuntee this according to your terms of service?
A]well that depends, are you asking can I guarantee that I will always pick the most valuable price? the answer to that is "of course" your already paying me for the service I have no intention of skimping you a couple of bit-cents. I get orders out within 24hours so prices changes shouldn't be too big of a deal.
Q]What recourse do i have if this is not the case?
A]Could you elaborate a little bit more on that question.... From what I understand your asking "What will I do if exchange rates change?" Well I will do many things the last resort is always canceling. First I will attempt to find the best prices available from multiple exchanges and pick the most valueable exchange rate and pass it on to you.
Let me know if I don't understand your questions or if you need me to explain more
Thanks for you interest in Cheaper In Bitcoins
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