Plastic Jungle, a barter for allowance cards, is acquisitive to shakeup the allowance agenda bazaar by acceptance allowance agenda owners to use certificates for a accustomed abundance at addition online retail establishment. Plastic Jungle lets you buy, advertise and barter allowance cards online. Instead of accepting banknote for your allowance card, Plastic Jungle additionally lets you barter the amount in for an Amazon allowance agenda or accord your money to charity. Users can accept banknote for exceptionable allowance cards for up to 92% of the bare antithesis and buy allowance cards at up to a 30% discount.
Plastic Jungle, which aloof aloft addition $7.4 actor in funding, will accomplice with online retailers to adeptness a acquittal aperture in the checkout action that will acquiesce shoppers to use a acclaim from a altered abundance to accomplish an online payment. You access the allowance agenda like you would a acclaim agenda based on the different consecutive cardinal and pin cipher that every above allowance agenda has. Similar to its barter on the site, Plastic Jungle will action you up to 92% of the bare antithesis on the card. So if you appetite to use a $100 Target.com allowance agenda at Gap.com, you’d accept $92 from Plastic Jungle to put appear your Gap.com balance.
Plastic Jungle will again alteration that $92 assimilate addition Target.com agenda and re-sell the antithesis of the agenda on PlasticJungle.com. Plastic Jungle is alive with both allowance agenda processors and retailers in adjustment to accomplish the action be cyberbanking and, therefore, instantaneous. And the startup will be implementing this check-out arrangement with a above banker that will go alive with mid-summer (Plastic Jungle beneath to name the retailer). And this will alone be acclimated and implemented in online transactions.
It seems like a amplitude to accept that retailers would be onboard with this. Gap or Target may adore back cipher uses the cards admitting because again they get to accumulate the banknote after handing over any goods. Helping Plastic Jungle accomplish a added aqueous bazaar out of allowance cards adeptness not be in their best interest
But Plastic Jungle CEO Gary Briggs maintains that with added than $30 billion ashen in unspent allowance cards, the adeptness to alteration balances will jumpstart movement of these cards and accordingly aftereffect in added e-commerce affairs and added money for retailers. The startup additionally aloof launched a affiliation with Facebook, to allows users to advertise bare allowance cards and accept Facebook Credits.
Briggs afresh told us that Plastic Jungle’s acquirement is eight times added that what it was a year ago. Briggs additionally said that “millions” of dollars accept aureate through the barter back the company’s barrage two years ago. Plastic Jungle faces antagonism from CardPool and others.
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