1st Bitcoin Gift card :) - page 2. | Bitcointalksearch.org

Giftcoins

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Activity: 309

Merit: 250

QUIFAS EXCHANGE

Quote from: csw on April 17, 2013, 09:16:24 PM

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 Undecided

Big balls are must if you wan't to do any business now days no matter what you do

csw

newbie

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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 Undecided

Giftcoins

sr. member

Activity: 309

Merit: 250

QUIFAS EXCHANGE

Quote from: frga13 on April 16, 2013, 05:31:39 PM

and we are lost again... Grin

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

frga13

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Activity: 383

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and we are lost again... Grin

frga13

sr. member

Activity: 383

Merit: 250

Now is syncronized with Bitstamp and that's the way it should be. Cool

(14% though, but that's a completely different thing... )

frga13

sr. member

Activity: 383

Merit: 250

Quote from: Giftcoins on April 13, 2013, 02:32:07 AM

Quote from: frga13 on April 12, 2013, 10:30:00 AM

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

arklan

legendary

Activity: 1778

Merit: 1008

gotcha. thanks.

Giftcoins

sr. member

Activity: 309

Merit: 250

QUIFAS EXCHANGE

Quote from: arklan on April 13, 2013, 02:33:27 AM

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

legendary

Activity: 1778

Merit: 1008

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

sr. member

Activity: 309

Merit: 250

QUIFAS EXCHANGE

Quote from: frga13 on April 12, 2013, 10:30:00 AM

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

frga13

sr. member

Activity: 383

Merit: 250

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%?

dan9575

newbie

Activity: 34

Merit: 0

You guys have been out of gift cards for awhile, when are you gonna re stock?

scrybe

sr. member

Activity: 350

Merit: 250

Quote from: Giftcoins on March 28, 2013, 03:11:34 PM

Quote from: franky1 on March 28, 2013, 03:05:26 PM

Quote from: Giftcoins on March 28, 2013, 01:55:35 AM

franky1 - This is regarding jagoo.net and their card pricing, they clearly state that extra cost is "Service fee" and card still has it's price as displayed on it...Service fee, Activation fee who cares what it is as all is the same. pcgamesupply.com is using term "Activation fee", they dont activate anything, they just send you the code they already have as there is no activation. They can call it Happy fee and it would not make a difference, it's a fee they are charging.

yes but still stipulating ON YOUR SITE that resellers may add on fee's protects you.

secondly when you want to go to walmart or 7-11 if you dont have that stipulation then they would want to sell a $100 card to customers at $100 and then buy the card wholesale from yourselves under $100.

by having terms in YOUR SITE you can protect yourself from resellers demanding a under $100 wholesale price.

although i find the reseller additional fee a flawed business model, i have tried to atleast compensate my thought process to aid your current model and get to a middle ground that atleast removes future headaches you may come across sticking with your business model.

but as i said last week buying at the mid $70's holding it as a reserve to then sell a week later would net you profit without having to have silly +10% gox prices or giving the customer less bitcoin then they expect.

i do agree though that a simple you will receive 1BTC for $100 is better then lots of % and + symbols spawled across the pre-redemption page.

the only issue i still have is that in england i can still go to my local post office visit a moneygram cashier desk hand over the money, be given a code. type that into bitinstant.com and get bitcoin at 6% of the ACTUAL money i have put in.

so a $109.99 customer payment for a product that has a $100 tag but ends up as a under $100 allotment of bitcoin, still seems excessive.

but hey.. baby steps, you'll get there

few questions for you.

How much you pay for money gram transfer? There must be some fees involved both with them and bitinstant?

While you have to go to your post office, wait in the line, maybe spend few $ on a gas, parking, probably total waste 1h of your time...some other person will just use their credit card, be done in 5min and spend the rest 55 doing something they like doing

In that case I use btcQuick and pay a maximum of 7.5%. Fees of 10% on the backend AND 8-25% on the front end are very high and you should not fool yourself into thinking otherwise. You have premium pricing on what is destined to be a commodity market (giftcards), at some point you will either have to update your business model or someone will price you out of the game.

Best of luck

franky1

legendary

Activity: 4410

Merit: 4766

Quote from: Giftcoins on March 28, 2013, 04:52:09 PM

Quote from: MarlboroMan on March 28, 2013, 03:17:53 PM

Wow awesome idea, and I agree it should be valued in USD as Bitcoin prices are to volatile.

like today, from $95 to $75 in 30min

yep a great time to buy coin at $7 and hold it for the rise Cheesy

then those redeeming at the now $90 can get a nice amount of bitcoin and u have left overs for busness profit or future customers.

or left as a reserve to counter any more volitility/future purchasing power

mccorvic

hero member

Activity: 518

Merit: 500

You should add info to the OP about where I can buy them. I'm still not sure if I can actually order a physical card. I would love to give some away as gifts.

13Charlie

full member

Activity: 218

Merit: 100

Quote from: Giftcoins on March 28, 2013, 04:52:09 PM

Quote from: MarlboroMan on March 28, 2013, 03:17:53 PM

Wow awesome idea, and I agree it should be valued in USD as Bitcoin prices are to volatile.

like today, from $95 to $75 in 30min

Then back up to $87

Giftcoins

sr. member

Activity: 309

Merit: 250

QUIFAS EXCHANGE

Quote from: MarlboroMan on March 28, 2013, 03:17:53 PM

Wow awesome idea, and I agree it should be valued in USD as Bitcoin prices are to volatile.

like today, from $95 to $75 in 30min

Giftcoins

sr. member

Activity: 309

Merit: 250

QUIFAS EXCHANGE

Quote from: franky1 on March 28, 2013, 04:14:01 PM

Quote from: Giftcoins on March 28, 2013, 03:11:34 PM

few questions for you.

How much you pay for money gram transfer? There must be some fees involved both with them and bitinstant?

While you have to go to your post office, wait in the line, maybe spend few $ on a gas, parking, probably total waste 1h of your time...some other person will just use their credit card, be done in 5min and spend the rest 55 doing something they like doing

fuel costs..
well im talking about the day you finally have the cardboard "GIFTCARDS" in retail stores. where people want to waste car fuel to get their "giftcards" by walking into walmart or a 7-11

offering an online facility is not a GIFTCARD but more simply a redemption code via email/webpage.

which if we take away the whole car fuel go to retailer blah..

lets use blockchain.info. if i put in $100 into blockchain.info wire transfer.. id still get a better rate..

you are right

and BTC just went down $20 in 20min

franky1

legendary

Activity: 4410

Merit: 4766

Quote from: Giftcoins on March 28, 2013, 03:11:34 PM

few questions for you.

How much you pay for money gram transfer? There must be some fees involved both with them and bitinstant?

While you have to go to your post office, wait in the line, maybe spend few $ on a gas, parking, probably total waste 1h of your time...some other person will just use their credit card, be done in 5min and spend the rest 55 doing something they like doing

fuel costs..
well im talking about the day you finally have the cardboard "GIFTCARDS" in retail stores. where people want to waste car fuel to get their "giftcards" by walking into walmart or a 7-11

offering an online facility is not a GIFTCARD but more simply a redemption code via email/webpage.

which if we take away the whole car fuel go to retailer blah..

lets use blockchain.info. if i put in $100 into blockchain.info wire transfer.. id still get a better rate..

MarlboroMan

newbie

Activity: 56

Merit: 0

Wow awesome idea, and I agree it should be valued in USD as Bitcoin prices are to volatile.

Topic: 1st Bitcoin Gift card :) - page 2. (Read 25681 times)