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Plastc will cease operations and will not fulfill any pre-orders

plastc.com

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Re: Plastc will cease operations and will not fulfill any pre-orders

#21

Post by Chaebixi »

xiaodown wrote: post #12
vkou wrote: post #7

"In 2011 after buying a pair of sneakers, then a fruit smoothie and noticing a Google Wallet icon on the cash register, Marquis asked the cashier how many people actually paid with their phones. The cashier responded that so far 2-3 people per month were using it... Immediately the lightbulb went on in Ryan’s mind that there was a significant shift happening in the market from a physical credit card to digital paymen…

It wasn't going to be so much that, as a card that you could put multiple credit cards on, but that still functioned entirely like a credit card - meaning it could be swiped in vending machines, by waitresses, and everywhere that accepts cards, without the need for an apple pay or google pay or whatever NFC payment hardware. It's for people that keep multiple cards in their wallet.

Wasn't that exactly what Coin was?

http://blog.onlycoin.com/

Re: Plastc will cease operations and will not fulfill any pre-orders

#22

Post by [deleted] »

xiaodown wrote: post #12
vkou wrote: post #7

"In 2011 after buying a pair of sneakers, then a fruit smoothie and noticing a Google Wallet icon on the cash register, Marquis asked the cashier how many people actually paid with their phones. The cashier responded that so far 2-3 people per month were using it... Immediately the lightbulb went on in Ryan’s mind that there was a significant shift happening in the market from a physical credit card to digital paymen…

It wasn't going to be so much that, as a card that you could put multiple credit cards on, but that still functioned entirely like a credit card - meaning it could be swiped in vending machines, by waitresses, and everywhere that accepts cards, without the need for an apple pay or google pay or whatever NFC payment hardware. It's for people that keep multiple cards in their wallet.

[deleted]

Re: Plastc will cease operations and will not fulfill any pre-orders

#24

Post by jedberg »

throwanem wrote: post #9

dang, sctb, et al: Please update the title to reflect the correct name of this (former) company, which is "Plastc" (no 'i'). Thanks!

Wow, good catch. Even as a backer I didn't realize this. Sadly I can't edit the title, so hopefully dang will take care of it.

Re: Plastc will cease operations and will not fulfill any pre-orders

#25

Post by robbiep »

It's borderline criminal how these guys were advertising their gear on instagram up until very recently, as though they were literally just about to ship. And they're not the only ones who have been advertising vapourware on instagram as though they are a day away from shipping

Re: Plastc will cease operations and will not fulfill any pre-orders

#26

Post by Mister_Snuggles »

xiaodown wrote: post #12
vkou wrote: post #7

"In 2011 after buying a pair of sneakers, then a fruit smoothie and noticing a Google Wallet icon on the cash register, Marquis asked the cashier how many people actually paid with their phones. The cashier responded that so far 2-3 people per month were using it... Immediately the lightbulb went on in Ryan’s mind that there was a significant shift happening in the market from a physical credit card to digital paymen…

It wasn't going to be so much that, as a card that you could put multiple credit cards on, but that still functioned entirely like a credit card - meaning it could be swiped in vending machines, by waitresses, and everywhere that accepts cards, without the need for an apple pay or google pay or whatever NFC payment hardware. It's for people that keep multiple cards in their wallet.

In Canada most payment terminals have the NFC hardware built in, it's just a question of whether it's actually enabled or not. It's very rare these days for me to see it disabled. I've used Apple Pay a lot and have never used it at a merchant that advertises it - if the machine allows tap, Apple Pay just works. I assume that Google Pay is similar.

Re: Plastc will cease operations and will not fulfill any pre-orders

#27

Post by Chaebixi »

serg_chernata wrote: post #10

At least Coin delivered my product before getting scooped up. =/

I just noticed they shutdown the coin servers at the end of February, and the app is useless without them.

Now I can't add anymore loyalty cards to my Coin. Damn internet of shit.

Re: Plastc will cease operations and will not fulfill any pre-orders

#28

Post by vkou »

halfcheck wrote: post #15

My favorite part about this is that they created a webpage that essentially called out Coin for selling out, and that they'd give you a discount if you traded your Coin in. At least Coin was able to deliver some semblance of a product, whereas Plastc was only able to deliver a blog post. https://plastc.com/coinbuyback/

For the sake of posterity:

"Flip Your Coin For A $50 Discount

Coin has been acquired and is now defunct. Or in other words, they sold you out. Don’t worry, Plastc’s got your back. We’re giving you the opportunity to trade-up your extinct card for $50 off a Plastc Card pre-order. Looks like you’re back in business! Flip your Coin Enter your email below and click “Trade-Up” Instantly receive a $50 discount when you place your Plastc Card pre-order Instructions will be sent to you by e-mail"

PS. If anyone got burnt twice by this, you should send me $200, and your Plastc pre-order receipt, and I swear I'll build you a smart card that will disrupt your wallet.

Re: Plastc will cease operations and will not fulfill any pre-orders

#29

Post by jedberg »

robbiep wrote: post #25

It's borderline criminal how these guys were advertising their gear on instagram up until very recently, as though they were literally just about to ship. And they're not the only ones who have been advertising vapourware on instagram as though they are a day away from shipping

In their defense, until today they thought they were going to get funded and actually be able to deliver.
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