Through the balance of purchasing power, our new system will be interactive, engaging, fair, but most of all, fun!
Sacramento, CA (PRWEB) April 17, 2011
GiftCardBin, a leader in the secondary gift card market, has adopted a “Name your price” business model for purchasing gift cards from consumers in an effort to negotiate fair trade for cash. The updated website will debut in late April of 2011 and be available to all visitors.
This new system will allow for negotiations to take place between GiftCardBin and the consumer. For instance, someone can attempt to sell a gift card to GiftCardBin and GiftCardBin will make an offer on that gift card. If the user agrees, they will accept the offer and the transaction is complete. If the user is not happy with the price, they have the ability to try and bargain for a higher price by clicking on a link, “Not happy with the price”? The user will have the ability to enter an amount which they feel is fair. If GiftCardBin does not accept the users offer, the user will receive an email with what GiftCardBin believes is fair value based on popularity of the merchant and market trends.
“The growing trend in gift card popularity is opening the doors to new business and innovation,” said GiftCardBin COO John Topete. “Through the balance of purchasing power, our new system will be interactive, engaging, fair, but most of all, fun.”
GiftCardBin has seen a surge in gift card sales which only reflects the growing 90 billion dollar gift card economy. In an age where convenience is king, gift cards are becoming increasingly acceptable and socially preferred.
With the increase in gift cards sales, unredeemed gift cards are also on the rise. Reports now indicate that the unredeemed gift card market is valued at $30 billion.
GiftCardBin is a leader in the secondary gift card market, offering services such as buying and selling gift cards through secure online commerce. Our community has the power to save on items at their favorite stores. Through Daily Blow-Outs, our members can save up to 40%! GiftCardBin will also buy unwanted gift cards at industry leading buy back rates. GiftCardBin has a mission to become the #1 online gift card exchange. What does this mean to you? This means we will try harder and provide better service to our customers to ensure 100% satisfaction and 100% trust. GiftCardBin is a privately held Corporation based out of Sacramento California. GiftCardBin can be accessed online at, http://www.giftcardbin.com