“Please be advised that the business is not out of business. I found this news article about a week ago: īased on this I emailed the Maryland OAG. If you are owed money or cards from, file a complaint with the Maryland Attorney General’s office. Check out our Complete Guide to Selling your Unwanted Gift Cards for a list of sellers who seem reputable. The moral of the story is that there’s always risk in dealing with gift card exchanges, especially on the selling end since you don’t have any credit card protections there. We can only hope that they’ll find a way to pay back the debts from the sale of their current inventory, but for now, the CEO says he hasn’t found a way to make that happen. In the end, we wish best of luck to anyone is owed money from them. It’s a bit odd that they are defaulting on their debts to sellers since you’d think that the sale of the cards should more-or-less let them break-even and pay their sellers, but I guess there’s an issue here of snowballing debt from overhead costs or interest charges on loans they took. This makes sense since they’ll have to liquidate whatever merchandise they have left. Yet, when attempting a purchase, it seems to allow it. When you go to the site itself and attempt a sale, the system shoots up with an alert that they aren’t accepting sales or purchases. I would like to thank you for trusting us with your business and regret that we were not able to send you payment for the cards you sold to us. If this circumstance changes, you will receive further communications to ensure you are properly advised. While I have pursued all efforts to find a way to pay theĪmounts owed to you, or to have another company in the secondary gift card industry assume and pay the obligations owed to you as part of a transaction, at this point my efforts have not been successful. I am sure you are wondering what will happen to the debt owed to you by . Without access to our operating account, we had no choice but to shutdown…As soon as it became clear we could no longer operate, we stopped accepting new gift cards and have since returned all unprocessed gift cards to the respective suppliers. With that judgment, they placed a hold on our business bank account, depleting all the funds in our account. Our company was forced to shut down last week when a lender to the company (with whom we have been trying to negotiate a temporary forbearance) went to court and got a judgment against our company. Unfortunately, I regret to inform you that has closed down effective July 15, 2016. You are receiving this letter because you or your company sold gift cards to recently and are awaiting payments on those gift cards. In a letter to gift card bulk suppliers today, Kwame Kuadey, CEO & Founder of said: The letter goes on to say that those who sold cards to the site recently and are still owed money probably won’t be paid since the bank accounts got frozen due to litigation. Via Willrunformiles, there’s a letter that was sent out from the CEO of Giftcardrescue to sellers indicating that the site has closed down as of July 15, 2016. Over the past year or two, many have been having problems with their site paying out, and some blogs even warned against using their site. The site rose to prominence when featured on SharkTank a good few years back. Although the deal brokered on the show didn’t pan out, they became one of the original, well-known exchanges. On holidays like #nationalpetday #nationaldogday, and at some pop-up events, we identify a non-profit animal organization that we want to support and we donate 100% of proceeds to them.The GiftCardRescue gift card exchange site is shutting its doors. We're looking forward to making even more adoptable pups look their best in 2020 and beyond! In 2019, we donated hundreds of bandanas and leashes to animal shelters and rescue organizations that share in our belief that dogs are deserving. Whether for a photo, a video or at an adoption event, dogs are more likely to get adopted when they look their best and show off their personalities. Our menagerie of a team is comprised of people making beautiful products toward a shared life with (wo)man’s best friend. Our team, our customers and the organizations and brands we partner with. The “& Co” is a nod to all the dog lovers that make up the Lucy & Co.
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is inspired by Lucy, our 10-year-old Bugg (Pug + Boston Terrier). We're the creators of and self-proclaimed purveyors of cuteness. Dogs deserve thoughtful materials and technical touches.
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was built on the idea that dogs are deserving.ĭogs deserve homes. They’re our best friends, our siblings, and sometimes our only children. Our commitment to beautiful, high quality dog goods is a reflection of the way we think about our dogs.