Recap: Delta Purchases 20% Of LATAM, GCW Misleading Stats & More

 

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Ferris
Ferris (@guest_864936)
January 3, 2020 23:35

Boycott GCW and the problem will be solved

@Chase-ing UR points
@Chase-ing UR points (@guest_864733)
January 3, 2020 16:22

I noticed this yesterday when it was only showing 1 Buffalo Wild Wings GC for Raise when there was actually 30-40. Now it’s showing 33 for Raise on GCW, when there are actually 173 on Raise. While it might not make much of a difference for popular brands, it’s certainly deceptive for a brand like this that routinely has single-digit daily sales of this brand’s gift card. People might buy such brands to sell thinking there’s low inventory when it’s actually much higher.

Plus this isn’t the only bit of misinformation I’ve noticed on GCW that I’ve mentioned on here before. When it shows rates that you can sell a specific brand for there are two incorrect pieces of information. It gives you a rate for CardKangaroo, which hasn’t been buying gift cards for at least the past 6 months! Then for Raise, it says the fee is 12% when it’s actually 15%. Less of a big deal, I’ve noticed GCW lists Raise cash back cards as part of the inventory. For example, sorting Lowe’s gift cards $250+ it shows 10- $250 and 10- $500 gift cards as being 5% off. These are actually Raise cash back cards being sold directly by Raise as the most discounted second-hand cards are actually only discounted 3.7% for the selected denomination. It might not seem like a lot for this specific brand, but for buyers they’re not going to be able to get shopping portal cash back buying these cards or use Raise promo codes. For sellers, they’re going to be more interested in the second-hand card discounts as they’re competing against those cards, not ones that Raise is selling. Also, somewhat frustrating with GCW is that they don’t list Raise inventory for The Home Depot.

Jason Smith
Jason Smith (@guest_864511)
January 3, 2020 09:58

Does anyone know what the best place to sell an apple store (not itunes, the actual apple store) $400 gift card? I am not a reseller, only looking to sell this one card.

George
George (@guest_864529)
January 3, 2020 10:39

Looks like CardCash will buy it for $344 (14% off).

Dan
Dan (@guest_864498)
January 3, 2020 09:18

Re GCW story, if you’re not selling your GCs at a discount, then they shouldn’t count towards the inventory. There’s infinite # of GCs if you don’t care about a discount.

Question: why would anyone buy non-discounted gift cards second-hand unless you were using ebay bucks or something?

Eric
Eric (@guest_864506)
January 3, 2020 09:44

Here is one reason for 0% gift card listings:

Majority of cards on Raise will sell at 0% discount when Raise runs its own 5%-7% promotions. Stack that with frequent mrrebates 5% cashback, or random aggressive TCB (10-20%)…

There are some other reasons why would cards sell at 0% and I am sure you can find out if you think about it.

Dan
Dan (@guest_865292)
January 5, 2020 05:46

Then it’s not really selling at 0%, is it? What I’m saying is: putting non-discounted GCs in the inventory skews the data

Adam
Adam (@guest_864594)
January 3, 2020 12:30

The article gives a reason why it would be relevant to people who are selling on Raise in order to gauge inventory that is on the market. Those gcs are not intended to be sold at 0% necessarily. It is good to have a sense of how much are potentially waiting to be sold.