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Author Topic: 1st Bitcoin Gift card :)  (Read 25302 times)
franky1
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March 25, 2013, 08:00:17 AM
 #81

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

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scrybe
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March 25, 2013, 04:52:52 PM
 #82

http://d.pr/i/JFAQ

ready for shipping Smiley

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...

"...as simple as possible, but no simpler" -AE
BTC/TRC/FRC: 1ScrybeSNcjqgpPeYNgvdxANArqoC6i5u Ripple:rf9gutfmGB8CH39W2PCeRbLWMKRauYyVfx LTC:LadmiD6tXq7gFZvMibhFUZegUHKXgbu1Gb
scrybe
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March 25, 2013, 06:12:27 PM
 #83

http://d.pr/i/JFAQ

ready for shipping Smiley

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...

"...as simple as possible, but no simpler" -AE
BTC/TRC/FRC: 1ScrybeSNcjqgpPeYNgvdxANArqoC6i5u Ripple:rf9gutfmGB8CH39W2PCeRbLWMKRauYyVfx LTC:LadmiD6tXq7gFZvMibhFUZegUHKXgbu1Gb
billysykes
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March 25, 2013, 06:49:35 PM
 #84

I would be interested in selling these in Cyprus, if it was possible to obtain a euro gift card.
Giftcoins
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March 25, 2013, 06:50:58 PM
 #85

http://d.pr/i/JFAQ

ready for shipping Smiley

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 Smiley

SgtSpike
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March 25, 2013, 06:51:44 PM
 #86

http://d.pr/i/JFAQ

ready for shipping Smiley

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 Smiley

You could probably issue $100,000 cards and they would sell.
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March 25, 2013, 06:52:29 PM
 #87

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

billysykes
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March 25, 2013, 06:53:53 PM
 #88

I have pm'd you.
Giftcoins
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March 25, 2013, 06:55:56 PM
 #89

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 Smiley

boonies4u
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March 25, 2013, 07:42:27 PM
 #90

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 Smiley

Spending small wouldn't be that bad if it was economical.
novusordo
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March 25, 2013, 08:07:47 PM
 #91

The site is wonderful, but I'd change "Your Bitcoin Wallet ID" to "Your Bitcoin Address".



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EAR1000 ACT TOKEN


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frga13
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March 25, 2013, 08:30:49 PM
 #92

Great looking card and site too...
and the whole idea is great!  Cool

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

frga13
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March 26, 2013, 06:02:05 AM
 #93

Sold on Jagoo?

Giftcoins
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March 26, 2013, 07:13:03 AM
 #94

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

frga13
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March 26, 2013, 12:45:05 PM
 #95

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?

Giftcoins
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March 26, 2013, 03:23:08 PM
 #96

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

scrybe
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March 26, 2013, 03:44:38 PM
 #97


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.


"...as simple as possible, but no simpler" -AE
BTC/TRC/FRC: 1ScrybeSNcjqgpPeYNgvdxANArqoC6i5u Ripple:rf9gutfmGB8CH39W2PCeRbLWMKRauYyVfx LTC:LadmiD6tXq7gFZvMibhFUZegUHKXgbu1Gb
boonies4u
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March 26, 2013, 03:48:55 PM
 #98


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.
franky1
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March 26, 2013, 05:43:00 PM
 #99

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 DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Don't take any information given on this forum on face value. Please do your own due diligence & respect what is written here as both opinion & information gleaned from experience. If you wish to seek legal FACTUAL advice, then seek the guidance of a LEGAL specialist.
SgtSpike
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March 26, 2013, 05:52:29 PM
 #100

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%
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