Card Cash's History
Card Cash is a card exchange company that allows the owners of unwanted gift cards to dispose them off and get another card in return. Marc Ackerman and Elliot Bohm started Cardcash.com in the year 2008. They were two childhood friends searching for a way to dispose their unwanted gift cards and wanted cash in return. The duo started the internet’s first ever secondary gift card business for unused gift cards. Forbes magazine recognized Cashcash.com as America’s most promising companies in 2013 and Inc magazine gave the same title in 2012. By 2013, it was one of the fastest growing companies in America. Inc has called it the fastest growing company four times. In 2013, Guggenheim partners pumped in 6 million dollars in the company. Later, Card Cash formed a strategic partnership with Incomm, which is a significant player in the primary gift card market. Card Cash acquired Plastic Jungle and also entered into agreements to power gift card exchange for Amazon, Walmart, CVS and United Airlines.
Card Cash's Values
Customer service is a very important value for Card Cash. Card Cash is perhaps the only gift card exchange site that allows its users to directly trade their gift cards for another one. Users can use PayPal to purchase the gift cards they want. Card Cash reimburses for the gift cards they trade in. the condition is that the face value of the card a customer wants to purchase has to be more than or equal to the card he or she is trading in. The company charges a transaction fee from three to thirty percent for the card value traded. The inventory is large and consumers have plenty of options to choose from.
Gift cards with an expiry date are not allowed. This makes the trading process very easy and devoid of any confusion. Moreover, consumers can sign up for email notifications, so that the company can notify and alert when the when those particular cards are available. Most discounted cards are available at a reduction of thirty five percent.
What makes Card Cash unique?
Card Cash is a very unique concept as it allows the owners of unwanted gift cards to dispose them off and get cash in return. Of course, the cards are sold at a discount. Since, cards with an expiry date are not allowed, the process is very smooth. The company allows users to trade in their gift cards for another one. Else, these users would have to spend those gift cards for stuff they do not require. The buyers have an advantage of obtaining discount on the cards. They save the money which they would otherwise have to spend on if they actually purchased it from the store. All users have to adhere to the terms and conditions of trading the cards.