Ernst & Young recently reported that gift card sales in 2010 grew 4% over 2009. That’s good news as recent trends have been flat, even down. Choice, and an increased acceptance of gift cards as a meaningful gift gesture, continues to fuel the gift card market. Online sales and the use of gift cards to offset … Read more
Valued members of the Plastic Jungle community, Customer Support is hugely important to us – it’s a core principal that we serve you our customers as best we can, and as you deserve. We talk about it all the time. It is a really big deal to us. The truth is that we wince when … Read more
Check out Plastic Jungle’s most important 2011 resolutions, including always offering the best value, with 100% transparency and no hidden fees.
Happy Holidays to you and yours, from all of us at Plastic Jungle!
Well gee-whilikers! I didn’t expect to be writing this so soon after our Series B round, but … We closed a Series C round of $10 million. Gary mentioned in his blog about the B round that this is just a way for us to measure our progress along some sort of an education path … Read more
If you haven’t seen it already, check out Mint.com’s great infographic exploring the gift card industry (The Gift Card Minefield: How to Get Your Money’s Worth). As you’ll see below, the numbers are astounding: The gift card industry totals more than $87 billion a year, but we at Plastic Jungle estimate that $30 billion of … Read more
The gift card industry is all abuzz about the final set of gift cards regulations that went into effect over this past weekend. Most of the regulations deal with use-anywhere “open loop” gift cards, such as Visa, Mastercard and American Express gift cards. As I’ve written here before, Plastic Jungle generally does not transact in … Read more
We are occasionally asked why we don’t buy and sell “use anywhere” Visa, Mastercard and American Express gift cards. These cards – referred to in the industry jargon as “open loop” cards – may be redeemed at any merchant that accepts Visa, Mastercard or American Express, as the case may be, as a payment option. … Read more
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. … Read more
We’re often asked why retailers would want to join the Plastic Jungle marketplace, allowing their gift cards to be traded electronically. Indeed, many ask us why a retailer wouldn’t prefer that the card simply expire – going off into the ether, allowing the retailer to simply keep the money that otherwise would be spent in … Read more