Today we would like to welcome CardCash, the web's first secondary gift card marketplace, to the BitPay platform. Our partnership with CardCash will enable their customers to purchase discounted gift cards with bitcoin. This collaboration also open up new gift card options to the bitcoin community.
CardCash buys unwanted gift cards and then sells them at discount, sometimes as high as 40% off! They offer gift cards from over 1,000 retailers, including Walmart, Delta Airlines, Trader Joe's, and Shell. Their platform gives the discount at the point of sale, so you don't need to wait until your next purchase to see your savings. These amazing deals are part of the reason why CardCash has been named one of the fastest growing companies in America for the last four years.
Historically, gift card retailers deal with a higher risk of fraudulent credit card payments, but bitcoin eliminates the risk of fraud and chargebacks. CardCash has pioneered the current compliance and security standards for secondary gift card retailers, so it's fitting that they have reduced their exposure to fraud through accepting bitcoin payments.
You can also expect to see a CardCash mobile app in the coming months, which will simplify buying their gift cards with bitcoin on the go. We are happy to be working with another great partner within the gift card industry, and look forward on working with CardCash to integrate bitcoin into their mobile developments in the future. You can read more about their decision to accept bitcoin payments here.