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The Plastic Merchant Returns?
The Plastic Merchant (TPM) was a gift card middle man that purchased merchant gift cards from many people and then re-sold them at a profit. Last year according to the company the owner got sick and then they basically went under, leaving a lot of people unpaid.
You can find the full backstory here.
A Possible Return
The TPM debacle hit a lot of people hard with many losing thousands of dollars. It serves as a great reminder to me to always understand the risk of what I am doing and to never float more than I can afford at any given time.
While the company and website have been gone for awhile, apparently they are making a comeback?!? A reader Tim J. noted that The Plastic Merchant website (theplasticmerchant.com) is back up with some very very interesting language.
Here is what the homepage looks like:
As you can see it is quite strange. Phoenix rising from the ashes? Really? I’m not sure about you, but I don’t exactly think people will be excited to sell to this person or company again. Note if you visit the site redirects to an Amazon affiliate link. The entire site is screenshotted above so no need to visit.
Is This A Troll?
To be honest, I still think someone must have taken over the domain, but I looked at the whois information and it doesn’t seem to look like it was transferred anywhere. The expiration date has remained the same. That doesn’t mean someone didn’t get access or perhaps TPM is planning to come back. Let’s hope if that happens that the people who lost money will be made whole.
I’m not holding my breath for that, but this certainly is an interesting development. What do you think? Is TPM planning a comeback or did a troll get a hold of the website? Let me know in the comments!
Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.