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Cardpool (YC W10) Speeds Up Gift Card Selling By Removing The Snail Mail Option
- dalton 16y agonice job, Anson :)
- vegashacker 16y agoI'm a fan of Cardpool. I've purchased two orders of iTunes cards already, and I've told a friend about it who's made a purchase. Glad you guys are becoming even more efficient. But, what's this technology? Can you say anything more about it? Seems you can't guarantee that the person doesn't sell a card to cardpool and then go out and spend the money quickly. Unless you can maybe contact that company and request a re-issue with a different number? Or you just trust that the seller is honest and in the rare (?) case they screw you you don't do business with them and just eat the loss. Or something I'm not thinking of...
- john_shanks 16y agoI just checked. They require a CC# from anyone they pay online, in case the seller does just that.
- mrtron 16y agoI doubt they could charge that cc in that situation. Would only prevent recurring fraud per cc.
- amalcon 16y agoProbably they use the gift card to buy another gift card. Then, all they need to do to avoid fraud is to simply not pay the seller until it goes through.
- tocomment 16y agoWow, how is that possible? Would there have to be special arrangements with each store?
- tocomment 16y agoWhen you guys getting rid of the $25 requirement? I have lots of partially used Gift Cards that I'd love to get rid of. Do competitors to cardpool offer that?
- john_shanks 16y agoMy 5 secs searching says: Plastic Jungle has a $25 req. Card Woo, another competitor, has a $20 min.
- tocomment 16y agoThanks for doing 5 seconds of searching ... So that feature could be a competitive advantage for CardPool. If they can already move money between cards like this new feature suggests, maybe this is in the realm of possibility.
- pkamb 16y agoI don't know if they work like this, but can you guys buy up a few small dollar gift cards and then combine them onto a single bigger value card?
- gojomo 16y agoI like that it's the perfect e-shippable product. I dislike that gift cards are, at an economic level, kind of a scam, a topic Slate has covered well over the years: http://www.slate.com/id/2111769/ http://www.slate.com/id/2111769/ http://www.slate.com/id/2179320/ http://www.slate.com/id/2179320/ So my favorite gift cards are those from the Federal Reserve, with Presidents on them. Accepted almost everywhere!