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
