Some of you may have seen my previous post, introducing the Bitcoin gift card:
https://bitcointalk.org/index.php?topic=628145.0These gift cards have been successful in allowing me to sell BTC by Paypal without chargebacks since cards are shipped physically & therefore protected by Paypal policies. However, I haven't done much marketing and sales have been a bit mediocre.
The latest iteration of these cards is an attempt to scale the business by slashing fees to a mininum and getting the cards into physical locations around the globe. Buying Bitcoins should be cheap, easy, anonymous and fast, and I believe this card solves all of those problems except that cards are shipping through the mail right now, so customers have to wait days or weeks to get their Bitcoin cards.
To solve the speed problem, gift cards need to be widely distributed which is why I have created
SellBitcoins.com. Through this site, you can create your own line of scratch-off Bitcoin cards, with your name (or your business name), and contact info optionally included on the back of each card. We'll print off your cards and mail them to you; you can then sell or give away your Bitcoin cards.
By choosing to print $1.00 cards with your name & title on the back, these cards can function as very cool "Bitcoin business cards" that you can hand out to introduce people to Bitcoin. Or if you're already involved in selling Bitcoins, you could do something like print out $50 cards and then exchange them for $50 in cash when dealing with a Bitcoin buyer.
Each card has a redemption fee of 0% to 20%, which is assessed when the card is redeemed. The fee amount is printed on the back of each card so that card buyers know that they're not being ripped off. After fees are subtracted from the face value of each card, the remaining dollar amount is converted into Bitcoins at the current Coinbase exchange rate.
Right now, we are selling these personalized Bitcoin cards for $0.20 per card plus the cost of Bitcoins loaded onto each card plus a 3.00% fee on the face value of each card. There is an additional 3.5% fee if you pay by Paypal, and then shipping is $2 to the US and $5 internationally. By paying with Bitcoin you'll avoid the 3.5% paypal fee and end up paying net fees of 3.00% x face value + $0.20 per card + shipping.
These cards are a very cool, and are a great way to give someone Bitcoins, but you may need to try one out to fully understand how it all works. Please visit
SellBitcoins.com to purchase some cards.
