Author Topic: The Plastic Merchant goes under?  (Read 17714 times)

Offline cmey

  • Dansdeals Platinum Elite
  • ****
  • Join Date: Jan 2014
  • Posts: 432
  • Total likes: 260
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: lakewood

Offline ChaimMoskowitz

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2014
  • Posts: 6738
  • Total likes: 1097
  • DansDeals.com Hat Tips 1
  • Gender: Female
    • View Profile
Re: The Plastic Merchant goes under?
« Reply #1 on: June 08, 2018, 05:48:53 PM »
Got my popcorn out.  :)
I just found a new supply of forks!

Offline yuneeq

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jan 2013
  • Posts: 8611
  • Total likes: 3999
  • DansDeals.com Hat Tips 10
  • Gender: Male
    • View Profile
  • Location: NJ
Re: The Plastic Merchant goes under?
« Reply #2 on: June 08, 2018, 05:51:54 PM »
ELI5 - What is the Plastic Merchant?
A buying group?
Visibly Jewish

Offline davidrotts63

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: May 2017
  • Posts: 7218
  • Total likes: 978
  • DansDeals.com Hat Tips 26
  • Gender: Male
    • View Profile
  • Programs: Hertz Gold, Hyatt Member, BA Blue, Ebay banned, Amazon Prime
Re: The Plastic Merchant goes under?
« Reply #3 on: June 08, 2018, 05:52:24 PM »
Wow.
(Quit) pulling out the flowers, and watering the weeds. -Peter Lynch

Offline ChaimMoskowitz

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2014
  • Posts: 6738
  • Total likes: 1097
  • DansDeals.com Hat Tips 1
  • Gender: Female
    • View Profile
Re: The Plastic Merchant goes under?
« Reply #4 on: June 08, 2018, 05:59:09 PM »
This might turn into the biggest disaster I have seen in this game!!!
I just found a new supply of forks!

Offline davidrotts63

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: May 2017
  • Posts: 7218
  • Total likes: 978
  • DansDeals.com Hat Tips 26
  • Gender: Male
    • View Profile
  • Programs: Hertz Gold, Hyatt Member, BA Blue, Ebay banned, Amazon Prime
Re: The Plastic Merchant goes under?
« Reply #5 on: June 08, 2018, 06:01:59 PM »
This might turn into the biggest disaster I have seen in this game!!!
Alex Kay?
(MMS? )
(Quit) pulling out the flowers, and watering the weeds. -Peter Lynch

Offline ChaimMoskowitz

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2014
  • Posts: 6738
  • Total likes: 1097
  • DansDeals.com Hat Tips 1
  • Gender: Female
    • View Profile
Re: The Plastic Merchant goes under?
« Reply #6 on: June 08, 2018, 06:06:31 PM »
ELI5 - What is the Plastic Merchant?
A buying group?
https://www.theplasticmerchant.com/
"A private gift card buying and selling platform built for and by point, miles, and arbitrage specialists."
I just found a new supply of forks!

Offline davidrotts63

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: May 2017
  • Posts: 7218
  • Total likes: 978
  • DansDeals.com Hat Tips 26
  • Gender: Male
    • View Profile
  • Programs: Hertz Gold, Hyatt Member, BA Blue, Ebay banned, Amazon Prime
Re: The Plastic Merchant goes under?
« Reply #7 on: June 08, 2018, 06:18:27 PM »


https://www.theplasticmerchant.com/
"A private gift card buying and selling platform built for and by point, miles, and arbitrage specialists ."
what in the world is that about?

(Quit) pulling out the flowers, and watering the weeds. -Peter Lynch

Offline ChaimMoskowitz

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2014
  • Posts: 6738
  • Total likes: 1097
  • DansDeals.com Hat Tips 1
  • Gender: Female
    • View Profile
Re: The Plastic Merchant goes under?
« Reply #8 on: June 08, 2018, 06:20:16 PM »
what in the world is that about?
Marketing
I just found a new supply of forks!

Offline yuneeq

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jan 2013
  • Posts: 8611
  • Total likes: 3999
  • DansDeals.com Hat Tips 10
  • Gender: Male
    • View Profile
  • Location: NJ
Re: The Plastic Merchant goes under?
« Reply #9 on: June 08, 2018, 06:36:08 PM »
https://www.theplasticmerchant.com/
"A private gift card buying and selling platform built for and by point, miles, and arbitrage specialists."

This might turn into the biggest disaster I have seen in this game!!!

Why is it such a big deal? So a gift card site goes under.
Is there more to it? Shady things?
Visibly Jewish

Offline davidrotts63

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: May 2017
  • Posts: 7218
  • Total likes: 978
  • DansDeals.com Hat Tips 26
  • Gender: Male
    • View Profile
  • Programs: Hertz Gold, Hyatt Member, BA Blue, Ebay banned, Amazon Prime
Re: The Plastic Merchant goes under?
« Reply #10 on: June 08, 2018, 06:37:50 PM »
Why is it such a big deal? So a gift card site goes under.
Is there more to it? Shady things?
Checks bouncing.....
(Quit) pulling out the flowers, and watering the weeds. -Peter Lynch

Offline ChaimMoskowitz

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2014
  • Posts: 6738
  • Total likes: 1097
  • DansDeals.com Hat Tips 1
  • Gender: Female
    • View Profile
Re: The Plastic Merchant goes under?
« Reply #11 on: June 08, 2018, 06:42:27 PM »
Checks bouncing.....
That's the least of the problems.
I just found a new supply of forks!

Offline davidrotts63

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: May 2017
  • Posts: 7218
  • Total likes: 978
  • DansDeals.com Hat Tips 26
  • Gender: Male
    • View Profile
  • Programs: Hertz Gold, Hyatt Member, BA Blue, Ebay banned, Amazon Prime
Re: The Plastic Merchant goes under?
« Reply #12 on: June 08, 2018, 06:49:11 PM »
I saw it, didn't see anything worthy of deleting.
(Quit) pulling out the flowers, and watering the weeds. -Peter Lynch

Offline churnbabychurn

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jul 2012
  • Posts: 7355
  • Total likes: 301
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: Lakewood
Re: The Plastic Merchant goes under?
« Reply #13 on: June 08, 2018, 07:12:24 PM »
Why is it such a big deal? So a gift card site goes under.
Is there more to it? Shady things?
If I was a fed, I'd say it looks like a money washing organization.
But I'm not a fed.

Offline cmey

  • Dansdeals Platinum Elite
  • ****
  • Join Date: Jan 2014
  • Posts: 432
  • Total likes: 260
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: lakewood
Re: The Plastic Merchant goes under?
« Reply #14 on: June 08, 2018, 07:36:07 PM »
Why is it such a big deal? So a gift card site goes under.
Is there more to it? Shady things?

One of the biggest players. One of the more scalable forms of generating points plus profit. Many many people are holding worthless checks for mega amounts of gift cards they sold to him over the past few weeks. If they try to recoup some of the gc value big buyers might find their gc’s worthles and if the payment arrangement was not cc they are in trouble. Gonna roil a lot of that market and have an impact beyond that immediate business....

Offline noturbizniss

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Dec 2012
  • Posts: 7116
  • Total likes: 140
  • DansDeals.com Hat Tips 4
  • Gender: Male
    • View Profile
  • Location: North Jersey
Re: The Plastic Merchant goes under?
« Reply #15 on: June 10, 2018, 12:21:43 AM »
One of the biggest players. One of the more scalable forms of generating points plus profit. Many many people are holding worthless checks for mega amounts of gift cards they sold to him over the past few weeks. If they try to recoup some of the gc value big buyers might find their gc’s worthles and if the payment arrangement was not cc they are in trouble. Gonna roil a lot of that market and have an impact beyond that immediate business....
Exactly. Many people who had sold him gc have since drained them elsewhere when they heard his checks have been bouncing.
It's not the first time there have been jsuies, but he has always made it right. However it seems to be going on longer now without information.
As cmey said, even if he pays everyone, the fact the dozens of sellers pulled gc is not good, unless Mike has not yet actually sold them.
READ THE DARN WIKI!!!!

Chuck Norris...
...can still do FT method
...READS THE WIKI!!!

Offline lunatic

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: May 2009
  • Posts: 4430
  • Total likes: 29
  • DansDeals.com Hat Tips 8
    • View Profile
Re: The Plastic Merchant goes under?
« Reply #16 on: June 12, 2018, 09:43:11 AM »
Anyone here get screwed?

Offline noturbizniss

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Dec 2012
  • Posts: 7116
  • Total likes: 140
  • DansDeals.com Hat Tips 4
  • Gender: Male
    • View Profile
  • Location: North Jersey
Re: The Plastic Merchant goes under?
« Reply #17 on: June 12, 2018, 01:10:28 PM »
Anyone here get screwed?
hoepfully ill get made whole...
READ THE DARN WIKI!!!!

Chuck Norris...
...can still do FT method
...READS THE WIKI!!!

Offline 12HRS

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2013
  • Posts: 5108
  • Total likes: 575
  • DansDeals.com Hat Tips 6
    • View Profile
Re: The Plastic Merchant goes under?
« Reply #18 on: June 12, 2018, 01:50:08 PM »
hoepfully ill get made whole...

Are you choosing not to go back and pull GCs you already sold that have a balance or do you not have any?

Offline noturbizniss

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Dec 2012
  • Posts: 7116
  • Total likes: 140
  • DansDeals.com Hat Tips 4
  • Gender: Male
    • View Profile
  • Location: North Jersey
Re: The Plastic Merchant goes under?
« Reply #19 on: June 12, 2018, 01:53:00 PM »
Are you choosing not to go back and pull GCs you already sold that have a balance or do you not have any?
I have none pending. It was a bounced check from cards sold in early may
READ THE DARN WIKI!!!!

Chuck Norris...
...can still do FT method
...READS THE WIKI!!!