Topic: 1st Bitcoin Gift card :) - page 8. (Read 25684 times)

you are going too far with this one

They you can also say that someone can sell cards for cash, you meet up in person with someone and they kick your ass and steal this from you lol
there are million scenarios that can happen all this only because of minority of people that like to steal and get something for nothing.

Essentially, the risk falls on your lap.  There is noway to prevent chargebacks for this system. You can have all the experience in the world of processing but  at the end of the day you aren't the one taking the risk

no if you know what you are doing when selling, I wrote nice post above explaining how things work.

I have lot of experience in processing business and I'll gladly help anyone seeking help or information.

Hmmm... wouldn't chargebacks be a problem if the code is instantly delivered to you?

finally first reseller

http://jagoo.net/card/7

You can pay for the cards with credit cards, Giftcoins card code is instantly delivered to you

Tell me if I'm wrong but this is fastest way to get some bitcoins

I see that great number of people doesn't understand how processing works and how merchants can protect themselves.

If a chargeback occurs seller will loose money, this is obvious, in your case supermarket.

here is short explanation, basic stuff how things work and what's happening in real life

70% of chargebacks (85% of those come from US) are purposely made ones, people claim that they did not buy the stuff, that they dont recognize transactions...they are mostly made fraudulently by CC owners just to get stuff for free. All blame is then put to merchant/seller which will have direct loss, here it makes no difference what you are selling, bitcoins or socks, merchants almost never fight back as the process is too long and complicated...

VISA and Mastercard then came up with 3D Secure for online purchases (card not present), once online store has 3D secure integrated in their system all fraud blame is shifted only to Credit Card issuing bank, it's simple as that. It doesn't matter if customers card is 3D secure or not, result is the same, bank which issued that card is responsible for all fraud or loss that happen by using this card. No exceptions.

Here is real live example, you have 3D secure VISA card (90% of all cards are enrolled), you went to site selling giftcoins cards, once you enter all usual CC info you will be redirected to your bank site to confirm your purchase with password only you know. If all checks out transaction is approved and you get your giftcoins card. Later if you decide to do false claim bank has info that you approved this and won't even consider trying to do chargeback.
If the card is stolen and 3D secure enabled, person will try to make a charge but it will not know 3D secure pass and transaction will be declined.
If the card is not 3D secure or it has it but customer didn't activate it. This is again bank fault for not educating customer about it and again bank has to cover the cost of fraud.

Paying for giftcoins cards with credit card in real live, you have to sign the slip or authorize by PIN, but here is no difference what you bought, once you take any goods and leave that store door it's over.

you can easily google more info about 3D secure, verified by VISA or Mastercard secure code

discounts we are able to give resellers are 2-6%, depends on volume and on top of that we advise resellers to be free to add few % on top
I believe you can easily make 8% profit easily

I sure hope they will be available worldwide, already after just one day we have few potential offline resellers in US. Soon we will post all resellers on our site.

Maybe someone wants to introduce someone else to bitcoins by sending them a gift card in the mail?

So if a supermarket sells these and a customer does a credit card chargeback who wears the loss?? Supermarket I guess

looks completely awesome. what is the margin for the seller? will they be available in canada?

They will be available for purchase today, credit card payments. But you can pay them with bitcoins now and get some discount

IE7 IE8 users, it's time to move on

not really sure why would someone who doesn't know what bitcoins are buy such a card? What are chances for that happening?

These look absolutely perfect for what I was wanting to do, pay my employees small bonuses in bitcoin.

I didn't see an order link, are they available for purchase yet?

This is so swag.

I just pulled up your site from work... FYI, its very formatting unfriendly to IE7.

The hand graphic holding the card moves up to the top and covers the redeem box.

Also..  not everyone who gets a giftcoin card is gonna have a clue what bitcoins are..  a link to a "bitcoin for beginners" section should be prominantly displayed on the landing page. 

Otherwise.. AWSOME service.

Sigg

Can you PM me to let me know how we do ? Thanks!

well this is the plan as well

anyone who want's to sell them is welcome

Awesome!  I've wanted someone to create exactly this for quite some time now, not having the know-how or connections to do it myself.

I hope you can get these cards into drug/department stores on their gift card racks...!  Any plans to do so?

My review on the experience using a gift code:

I received the gift code via PM (unfortunately not via those neat-looking cards  ) and proceeded to redeem it at https://www.giftcoins.me/ . The site is straightforward, clean and pretty much self-explanatory. I even ticked the 'I want to receive an email confirmation of this transaction' part just to see the receipt, and a sleek email came in with the details of my TX. Everything is indeed as speedy as OP promised, with the coins hitting the blockchain in less then a minute after the confirmation.


That works out to about $82.6989 per BTC when the Bitstamp price was around $71.19, so the cut for the site should be around 15% if I'm not wrong. The site had a hiccup initially when I used it, but giftcoins assured me it's a problem with Bitstamp and proceeded to clear the problem up a few minutes later. I suspect that it's only due to the API permissions and it's an one off problem - so no worries there.

In a nutshell, this is a quick way to buy BTC, especially in a hurry.

I didn't realize there was a website for redeeming the codes - thought maybe there was a private key on the card or something.

Now I'm totally loving your concept!

So - does the card buyer pay a premium to buy the card ($105 to buy a $100 card), or do you take a cut when the user exchanges their code for bitcoins?
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In order for this to work everyone has to take a cut

It's up to resellers for how much they will sell cards, my guess that this will vary 5-20%, smallest card will have highest fees due to processing fees etc.

This is far from ideal when it comes to pricing and it can't compare to direct bank transfers.

But again if you need 2BTC in 5-10min instead of waiting days and paying wire transfer fees this is good alternative.

As always getting something fastest will cost you a bit more

All we want it bring this closer to common people that want to learn more and use bitcoin and exchanges are too much hassle for them