470 sats \ 2 replies \ @super_testnet 10 Jun 2023 \ parent \ on: How do you use your sats? bitcoin
Yeah but other gift card sites don't have that limitation. Try these:
- app.thebitcoincompany.com/giftcard
- coincards.com
- coinsbee.com
- coingate.com
- cryptorefills.com
All of them support lightning too
bitrefill, bitcoin company, coinsbee, and egifter also let you buy visa/mastercard gift cards, and all of them support lightning
That is interesting I will check them out. I wonder why Bitrefill only has the limited walmart cards.
reply
I have no idea so I'm gonna speculate. Most of the following is probably false.
bitrefill is probably the best known site for buying gift cards with bitcoin
bitrefill's card providers inform companies like walmart where their traffic comes from
regulators pressure companies like walmart to discourage bitcoin usage [this part seems unlikely to me so we're in conspiracy theory territory now]
walmart can show them they are taking efforts to discourage bitcoin usage by telling their card providers to limit purchases of their gift cards from bitrefill
walmart doesn't do the same to all btc gift card sites because they actually still want the business those sites bring them. They are just trying to appease regulators, and the easiest way to do that right now is to show them that they limit usage on the largest such site
Here's a theory that seems more likely to me:
bitrefill gets good deals on bulk purchases of cards by writing exclusivity contracts with some of their gift card providers
those gift card providers only get a certain number of walmart cards per month from walmart
walmart cards are very popular on bitrefill so if they don't limit them, their gift card provider won't be able to meet its obligations to other customers
and bitrefill won't just add a partner with more walmart cards because that would cause them to lose money since it would entail not renewing their exclusivity arrangement with their current provider, which is a very lucrative deal that allows them to buy cards at a discount but sell them at full price
reply