Plastic Jungle Partners with First Data to Pioneer Electronic Gift Card Exchange
Thanks to our Tech team, today marked another exciting milestone for Plastic Jungle. We have electronically integrated with First Data’s gift card processing platform. This partnership will enable our users to buy and sell gift cards electronically, making it even faster and easier to get more value from gift cards in a whole new way.
This integration will permit Plastic Jungle to partner with First Data’s gift card issuers (with their permission of course) so that you can sell us a gift card you don’t plan to use and receive your funds without having to mail in the card. Plus we will be able to sell the value remaining on that gift card to one of you savvy shoppers out there, and instantly issue you a gift card account number to redeem its value at participating retailers.
The First Data integration furthers our mission to unlock the $30 billion unredeemed gift card economy for your benefit – and for the benefit of the retailers who prefer to convert these dormant gift card balances into revenue and profit much more rapidly, while reducing the fraud risk inherent in other online exchanges. And our retail partners love us gift cardholders because we tend to spend more than 70% over the value on the card. (You know it’s true!)
We’re all about helping you get more from gift cards. Through our relationship with First Data, we will help you free the value of gift cards from the plastic they are bound to, and help our retailer friends to engage with their best customers in new, more powerful ways.
Read what First Data had to say about this achievement in First Data’s Perspective: Gift Card Exchanges.