I'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...
Probably 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.
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.
I 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:
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...