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Topic: 1st Bitcoin Gift card :) - page 2. (Read 25666 times)

sr. member
Activity: 309
Merit: 250
QUIFAS EXCHANGE
April 18, 2013, 01:40:20 AM
anyone selling btc with credit cards have big balls  Smiley    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 Smiley
csw
newbie
Activity: 25
Merit: 0
April 17, 2013, 10:16:24 PM
anyone selling btc with credit cards have big balls  Smiley    i just wonder about the amount of fraud/chargebacks the resellers will have in a few weeks  Undecided
sr. member
Activity: 309
Merit: 250
QUIFAS EXCHANGE
April 17, 2013, 01:44:13 AM
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 Smiley
sr. member
Activity: 383
Merit: 250
April 16, 2013, 06:31:39 PM
and we are lost again...  Grin
sr. member
Activity: 383
Merit: 250
April 16, 2013, 12:22:11 PM
Now is syncronized with Bitstamp and that's the way it should be.   Cool
(14% though, but that's a completely different thing... )

sr. member
Activity: 383
Merit: 250
April 15, 2013, 04:03:57 PM
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 Smiley

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 Smiley


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
legendary
Activity: 1778
Merit: 1008
April 13, 2013, 04:19:01 AM
gotcha. thanks.
sr. member
Activity: 309
Merit: 250
QUIFAS EXCHANGE
April 13, 2013, 03:53:24 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.
legendary
Activity: 1778
Merit: 1008
April 13, 2013, 03:33:27 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
sr. member
Activity: 309
Merit: 250
QUIFAS EXCHANGE
April 13, 2013, 03:32:07 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 Smiley

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 Smiley


sr. member
Activity: 383
Merit: 250
April 12, 2013, 11:30:00 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%?
newbie
Activity: 34
Merit: 0
April 10, 2013, 08:45:00 PM
You guys have been out of gift cards for awhile, when are you gonna re stock?
sr. member
Activity: 350
Merit: 250
April 01, 2013, 11:34:30 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 Smiley


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
legendary
Activity: 4270
Merit: 4534
March 30, 2013, 12:05:18 AM
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
hero member
Activity: 518
Merit: 500
March 29, 2013, 07:11:16 PM
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.
full member
Activity: 218
Merit: 100
March 29, 2013, 06:31:47 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
sr. member
Activity: 309
Merit: 250
QUIFAS EXCHANGE
March 28, 2013, 05:52:09 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
sr. member
Activity: 309
Merit: 250
QUIFAS EXCHANGE
March 28, 2013, 05:50:58 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 Smiley


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 Smiley
legendary
Activity: 4270
Merit: 4534
March 28, 2013, 05:14:01 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 Smiley


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..
newbie
Activity: 56
Merit: 0
March 28, 2013, 04:17:53 PM
Wow awesome idea, and I agree it should be valued in USD as Bitcoin prices are to volatile.
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