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Author Topic: 1st Bitcoin Gift card :)  (Read 25282 times)
Giftcoins
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March 22, 2013, 03:45:20 PM
 #1

hello,

here are some images Smiley

http://d.pr/i/aaNv

http://d.pr/i/H0Xo

http://d.pr/i/vPVP

Comments please Smiley

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.

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wormbog
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March 22, 2013, 03:47:55 PM
 #2

Design looks nice, but the card value should be denominated in BTC, not dollars.
enygma
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March 22, 2013, 03:49:17 PM
 #3

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.

Obligatory "Donate to" vanity address:

1enygmaek8Y4P7U8QFuZdvVASNbHJgxVm
John (John K.)
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March 22, 2013, 03:52:48 PM
 #4

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*

My BTC Tip Jar: 1Pgvfy19uwtYe5o9dg3zZsAjgCPt3XZqz9 , GPG ID: B3AAEEB0 ,OTC ID: johnthedong
Escrow service is available on a case by case basis! (PM Me to verify I'm the escrow!)

Giftcoins
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March 22, 2013, 04:00:18 PM
 #5

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.


Giftcoins
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March 22, 2013, 04:04:06 PM
 #6

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 Smiley

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

John (John K.)
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March 22, 2013, 04:16:00 PM
 #7

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 Smiley

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.  Cheesy

My BTC Tip Jar: 1Pgvfy19uwtYe5o9dg3zZsAjgCPt3XZqz9 , GPG ID: B3AAEEB0 ,OTC ID: johnthedong
Escrow service is available on a case by case basis! (PM Me to verify I'm the escrow!)

Dacm4n
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March 22, 2013, 04:31:08 PM
 #8

hello,

here are some images Smiley

http://d.pr/i/aaNv

http://d.pr/i/H0Xo

http://d.pr/i/vPVP

Comments please Smiley

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.

Giftcoins
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March 22, 2013, 04:33:04 PM
 #9

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


wormbog
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March 22, 2013, 04:43:24 PM
 #10

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?
John (John K.)
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March 22, 2013, 04:49:26 PM
 #11

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  Smiley

My BTC Tip Jar: 1Pgvfy19uwtYe5o9dg3zZsAjgCPt3XZqz9 , GPG ID: B3AAEEB0 ,OTC ID: johnthedong
Escrow service is available on a case by case basis! (PM Me to verify I'm the escrow!)

Giftcoins
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March 22, 2013, 04:54:51 PM
 #12



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 Smiley

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 Smiley

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

John (John K.)
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March 22, 2013, 05:24:10 PM
 #13

My review on the experience using a gift code:

I received the gift code via PM (unfortunately not via those neat-looking cards  Tongue) 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.

My BTC Tip Jar: 1Pgvfy19uwtYe5o9dg3zZsAjgCPt3XZqz9 , GPG ID: B3AAEEB0 ,OTC ID: johnthedong
Escrow service is available on a case by case basis! (PM Me to verify I'm the escrow!)

SgtSpike
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March 22, 2013, 05:27:39 PM
 #14

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?
Giftcoins
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March 22, 2013, 05:31:55 PM
 #15

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 Smiley

anyone who want's to sell them is welcome

bbit
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March 22, 2013, 05:34:22 PM
 #16

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 Smiley

anyone who want's to sell them is welcome

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


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siggy
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March 22, 2013, 05:40:07 PM
 #17

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
mccorvic
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March 22, 2013, 05:45:47 PM
 #18

This is so swag.

Offering Video/Audio Editing Services since 2011 - https://bitcointalk.org/index.php?topic=77932.0
bitcoiner32
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March 22, 2013, 05:58:40 PM
 #19

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?
Giftcoins
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March 22, 2013, 06:16:25 PM
 #20

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 Smiley

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

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