Aug 21, 2019, 12:38 pm
Last edit by: Klemhuzzah
Signing up to buy $1000 visa/mc gift cards
You can buy the $1000 cards on Simon's volume site. Their regular site only sells $500 cards.
If you're new, or haven't bought anything in a year, you need to register at https://www.simon.com/volume/register-consumer
As part of the registration process, you will have to go to a brick and mortar mall and buy at least $3000 in cards in person, as well as filling out some paperwork while there. After that, you can do everything online.
As of Nov 2020, Simon Mall Gift cards will only work for $99/swipe for money services at Walmart and many grocery chains.
$1000 gift cards are available indefinitely.
2020 Promotions
Ongoing: FREEGROUND - Free Ground Shipping on any order size. Limited to 5 orders per customer. Expires December 31, 2020 (subject to change).
5/15-6/17: MDHOL20 - 20% off Visa Giftcard Purchase Fees + Free Ground Shipping on orders of 9 more cards
5/15/5/31: MAYGROUND - Free UPS Ground shipping on orders of 7 or more cards
5/15-6/31: MAY20VG10 - 10% off purchase fees on Visa Giftcards
6/29-7/20: JUL4HOL20 - 20% off Visa Giftcard Purchase Fees + Free Ground Shipping on orders of 5 or more cards. If you select a shipping other than Ground - the code will still take 20% off the purchase fees. Limited to 10 orders per customer.
8/11-8/31: AUG20PR - 15% off ALL fees (excl. shipping fees) on orders of 5 or more cards. Limited to 10 orders per customer (Originally expired on 8/23; on 8/24 promo was extended through 8/31)
10/12-10/14: FSOCT20 - 30% off all purchase fees on Visas and Mastercards.
10/26-10/31 - FS20SCARY - 35% off all purchase fees
11/1-11/30 - HOL20MC25 - 25% off all purchase fees on MasterCard / HOL20VG25 - 25% off all purchase fees on Visa / HOL20AG50 50% off all purchase fees on American Express
11/6-11/8 - FS20THANKS - 35% off all purchase fees
11/16-11/18 - FS20SAVINGS - 35% off all purchase fees
You can buy the $1000 cards on Simon's volume site. Their regular site only sells $500 cards.
If you're new, or haven't bought anything in a year, you need to register at https://www.simon.com/volume/register-consumer
As part of the registration process, you will have to go to a brick and mortar mall and buy at least $3000 in cards in person, as well as filling out some paperwork while there. After that, you can do everything online.
As of Nov 2020, Simon Mall Gift cards will only work for $99/swipe for money services at Walmart and many grocery chains.
$1000 gift cards are available indefinitely.
2020 Promotions
Ongoing: FREEGROUND - Free Ground Shipping on any order size. Limited to 5 orders per customer. Expires December 31, 2020 (subject to change).
5/15-6/17: MDHOL20 - 20% off Visa Giftcard Purchase Fees + Free Ground Shipping on orders of 9 more cards
5/15/5/31: MAYGROUND - Free UPS Ground shipping on orders of 7 or more cards
5/15-6/31: MAY20VG10 - 10% off purchase fees on Visa Giftcards
6/29-7/20: JUL4HOL20 - 20% off Visa Giftcard Purchase Fees + Free Ground Shipping on orders of 5 or more cards. If you select a shipping other than Ground - the code will still take 20% off the purchase fees. Limited to 10 orders per customer.
8/11-8/31: AUG20PR - 15% off ALL fees (excl. shipping fees) on orders of 5 or more cards. Limited to 10 orders per customer (Originally expired on 8/23; on 8/24 promo was extended through 8/31)
10/12-10/14: FSOCT20 - 30% off all purchase fees on Visas and Mastercards.
10/26-10/31 - FS20SCARY - 35% off all purchase fees
11/1-11/30 - HOL20MC25 - 25% off all purchase fees on MasterCard / HOL20VG25 - 25% off all purchase fees on Visa / HOL20AG50 50% off all purchase fees on American Express
11/6-11/8 - FS20THANKS - 35% off all purchase fees
11/16-11/18 - FS20SAVINGS - 35% off all purchase fees
Simon Mall Gift Cards (2019-2023)
Nov 17, 2020, 2:08 pm
#1756
Join Date: Jan 2017
Posts: 126
They probably have a contract with Metabank so not easy to jump ship. And even if they did at the end of the Meta contract, and signed a long term with US Bank. If USB gets nerfed due to the increased volume, then we are back where we started.
Selling MO's won't help them either, because its the card issuer blocking the MO/cash like transaction.
Selling MO's won't help them either, because its the card issuer blocking the MO/cash like transaction.
Surely the gift card issuer would notice a million dollars/day of gift cards sold (minus whatever commission they paid).
Every single card drained to zero within 30 minutes of load activation, oops, where's our breakage? LOL...
Nov 17, 2020, 2:13 pm
#1757
Join Date: Jun 2020
Posts: 170
I have to think that even IF Simon started selling M.O.'s it would be the end of any gift card contract in a New York minute.
Surely the gift card issuer would notice a million dollars/day of gift cards sold (minus whatever commission they paid).
Every single card drained to zero within 30 minutes of load activation, oops, where's our breakage? LOL...
Surely the gift card issuer would notice a million dollars/day of gift cards sold (minus whatever commission they paid).
Every single card drained to zero within 30 minutes of load activation, oops, where's our breakage? LOL...
Nov 17, 2020, 2:23 pm
#1758
Join Date: Apr 2015
Posts: 239
I have to think that even IF Simon started selling M.O.'s it would be the end of any gift card contract in a New York minute.
Surely the gift card issuer would notice a million dollars/day of gift cards sold (minus whatever commission they paid).
Every single card drained to zero within 30 minutes of load activation, oops, where's our breakage? LOL...
Surely the gift card issuer would notice a million dollars/day of gift cards sold (minus whatever commission they paid).
Every single card drained to zero within 30 minutes of load activation, oops, where's our breakage? LOL...
It would be very easy for Simon to put in limits to avoid that if it was going to be an issue.
Nov 17, 2020, 2:25 pm
#1759
Join Date: Jan 2017
Posts: 126
lol and yeah I also forgot to mention, if Simon did start selling MO's. The fees probably would be on the higher side, given the convenience. So we'd just be sharing our card rewards with Simon. Meaning the numbers look even sillier to do this profitably, and more likely to get noticed by the bank.
We might as well dream of a "Kate" on every street corner, LOL....
Nov 17, 2020, 2:30 pm
#1761
Join Date: Mar 2009
Posts: 2,295
https://www.complianceweek.com/new-r...0the%20revenue.
"The recognition of the sale of a gift card is straightforward. When a company sells a gift card, the cash it receives is recognized as a liability until the gift card is redeemed for goods or services. Upon redemption, then the company reverses the liability and recognizes the revenue."
Nov 17, 2020, 2:34 pm
#1762
Join Date: Sep 2019
Posts: 317
I don't believe that when Safeway loads a Visa GC for $500 it keeps the $500 on its own books until the Visa card is spent somewhere. That would require endless checking of the balance of millions of cards each day. Safeway must remit the $500 it collects to BHN (less whatever fees Safeway is entitled to).
Nov 17, 2020, 2:36 pm
#1763
Join Date: Mar 2009
Posts: 2,295
What's your basis for saying that? I can't believe that's the way things work. If I buy a $500 Visa GC at Safeway, give it to my daughter, and she spends it at a dozen restaurants in the next three years in different states, do you really think Safeway is checking that card's remaining value each day to see if it can book the revenue?
And I'd have to imagine the only revenue that Safeway can book, in that example, is their fee that it is negotiated with Blackhawk. (IE, they can't book the whole $500 as revenue.)
Nov 17, 2020, 2:36 pm
#1764
Join Date: Jun 2020
Posts: 170
What's your basis for saying that? I can't believe that's the way things work. If I buy a $500 Visa GC at Safeway, give it to my daughter, and she spends it at a dozen restaurants in the next three years in different states, do you really think Safeway is checking that card's remaining value each day to see if it can book the revenue?
Nov 17, 2020, 2:44 pm
#1766
Join Date: Feb 2003
Location: Khyber Pakhtunkhwa
Posts: 1,929
Safeway is just a go between. The $500 is never counted in their revenue.
Nov 17, 2020, 2:55 pm
#1768
Join Date: Feb 2003
Location: Khyber Pakhtunkhwa
Posts: 1,929
Many years ago.
Fees went up a bit. From $2.95 for 1 card to $3.95.
Fees went up a bit. From $2.95 for 1 card to $3.95.
Nov 17, 2020, 3:01 pm
#1769
Join Date: Apr 2014
Posts: 276
Anybody remember when Simon GC was issued by BoA?