1st Bitcoin Gift card :)

[frga13]

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%?

[Giftcoins]

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

[arklan]

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

[Giftcoins]

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.

[arklan]

gotcha. thanks.

[frga13]

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

[frga13]

Now is syncronized with Bitstamp and that's the way it should be.  
(14% though, but that's a completely different thing... )

[frga13]

and we are lost again... 

[Giftcoins]

and we are lost again... 

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

[csw]

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 

[Giftcoins]

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

[Giftcoins]

Cards are in stock on Jagoo.net, this time a lot of them

[arklan]

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.

[ShakerRaiders87]

I love the gift card idea.  I need to get one for sure.

[TheDarkBanker]

so when do they restock?

[TheDarkBanker]

Ok, I just bought 2, but I received no email, no codes. How long does this normally take???

[dhenson]

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).

[franky1]

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.

[arklan]

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.

[franky1]

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 - sent

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