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Should we be shilling a crypto card product when we can't promote our own Season Cards?
Posted: Thu Mar 14, 2024 1:34 pm
by ŽižkovClaret
Tread carefully with this Uphold shenanigans, people
Re: Should we be shilling a crypto card product when we can't promote our own Season Cards?
Posted: Thu Mar 14, 2024 1:39 pm
by daveisaclaret
You'll probably get lots of angry people telling you the two have nothing to do with each other (as if it matters) but the answer in short is no.
I sincerely hope nobody is getting involved in this or any of the other crypto stuff the club pushes.
Wherever you stand on crypto or anything related to it, the bare minimum you owe yourself is to do a serious amount of research before getting involved. Trusting a football club who are hoping to make money off your involvement is a sure-fire route to trouble.
Re: Should we be shilling a crypto card product when we can't promote our own Season Cards?
Posted: Thu Mar 14, 2024 1:40 pm
by Foshiznik
What is the issue with it? I have no idea about anything crypto other than the basics.
Re: Should we be shilling a crypto card product when we can't promote our own Season Cards?
Posted: Thu Mar 14, 2024 1:42 pm
by wilks_bfc
What crypto product are we promoting?
Do you mean the Uphold card?
I thought this was more like the Monzo/Starling cards that you preload to use on holiday
Re: Should we be shilling a crypto card product when we can't promote our own Season Cards?
Posted: Thu Mar 14, 2024 1:43 pm
by ŽižkovClaret
Foshiznik wrote: ↑Thu Mar 14, 2024 1:40 pm
What is the issue with it? I have no idea about anything crypto other than the basics.
That, imo, is the very root of the problem. Our typical supporter will be of a similar level of understanding, i suspect.
Re: Should we be shilling a crypto card product when we can't promote our own Season Cards?
Posted: Thu Mar 14, 2024 1:45 pm
by ŽižkovClaret
wilks_bfc wrote: ↑Thu Mar 14, 2024 1:42 pm
What crypto product are we promoting?
Do you mean the Uphold card?
I thought this was more like the Monzo/Starling cards that you preload to use on holiday
On the face of it, that is what it looks like, and it feels very much deliberate on their part. The reality, however seems to be that much, if not all of the "currency" options with which to hold your balance, seem to be heavily weighted to crypto of varying stability.
Re: Should we be shilling a crypto card product when we can't promote our own Season Cards?
Posted: Thu Mar 14, 2024 1:46 pm
by MarkGreen
wilks_bfc wrote: ↑Thu Mar 14, 2024 1:42 pm
What crypto product are we promoting?
Do you mean the Uphold card?
I thought this was more like the Monzo/Starling cards that you preload to use on holiday
Certainly not like a monzo/Starling account.
The first banner on the uphold website reads "
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 minutes to learn more"
Re: Should we be shilling a crypto card product when we can't promote our own Season Cards?
Posted: Thu Mar 14, 2024 1:48 pm
by ŽižkovClaret
MarkGreen wrote: ↑Thu Mar 14, 2024 1:46 pm
Certainly not like a monzo/Starling account.
The first banner on the uphold website reads "
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 minutes to learn more"
Such a banner, incidentally, feels very much of the "You must make this clear to your customers because this could well be a binfire" variety
Re: Should we be shilling a crypto card product when we can't promote our own Season Cards?
Posted: Thu Mar 14, 2024 1:57 pm
by wilks_bfc
Cheers both
As I said I thought that’s what it was and as I already use and perfectly satisfied with Staring hadn’t even clicked the link as no interest
Re: Should we be shilling a crypto card product when we can't promote our own Season Cards?
Posted: Thu Mar 14, 2024 1:58 pm
by daveisaclaret
I do think it's both concerning and by design that it's being marketed at people who don't understand what it is, too. Not sure on the morals of that.
Re: Should we be shilling a crypto card product when we can't promote our own Season Cards?
Posted: Thu Mar 14, 2024 2:00 pm
by ŽižkovClaret
daveisaclaret wrote: ↑Thu Mar 14, 2024 1:58 pm
I do think it's both concerning and by design that it's being marketed at people who don't understand what it is, too. Not sure on the morals of that.
I bloody am
Re: Should we be shilling a crypto card product when we can't promote our own Season Cards?
Posted: Thu Mar 14, 2024 2:05 pm
by Jimmymaccer
ŽižkovClaret wrote: ↑Thu Mar 14, 2024 1:48 pm
Such a banner, incidentally, feels very much of the "You must make this clear to your customers because this could well be a binfire" variety
To me there are certain types of “associated products” a business should/could sell which ultimately reflects their customer base. You wouldn’t expect a kitchen company for example trying to flog you a pension.
It unnerves me at times when I see things like footy clubs selling for example credit cards (usually at the higher end of interest rates) which people will be unduly influenced to take given the blind loyalty supporters tend to have with their clubs.
Not saying it’s totally wrong and clubs have “business partners” for all the right commercial reasons but there’s territory into which they can stray which leaves me a bit uncomfortable.
Re: Should we be shilling a crypto card product when we can't promote our own Season Cards?
Posted: Thu Mar 14, 2024 2:12 pm
by ŽižkovClaret
Jimmymaccer wrote: ↑Thu Mar 14, 2024 2:05 pm
To me there are certain types of “associated products” a business should/could sell which ultimately reflects their customer base. You wouldn’t expect a kitchen company for example trying to flog you a pension.
It unnerves me at times when I see things like footy clubs selling for example credit cards (usually at the higher end of interest rates) which people will be unduly influenced to take given the blind loyalty supporters tend to have with their clubs.
Not saying it’s totally wrong and clubs have “business partners” for all the right commercial reasons but there’s territory into which they can stray which leaves me a bit uncomfortable.
Yes, MBNA credit cards' entire business model is affiliate marketing, which is why you'll often see them as the company behind the "Manchester United Credit Card" and the like.
Credit cards, however dubious they can be, are pretty well known as a mechanism, and the risks therein.
This is something quite different and its the apparent attempt to present it as a "foreign currency" card that sticks in the craw for me
Re: Should we be shilling a crypto card product when we can't promote our own Season Cards?
Posted: Thu Mar 14, 2024 2:13 pm
by ŽižkovClaret
I sadly foresee a headline in the Burnley Express of something like "Brenda lost her holiday money in BFC card scheme"
Do we really need to squeeze every $ out of our fanbase?
Re: Should we be shilling a crypto card product when we can't promote our own Season Cards?
Posted: Thu Mar 14, 2024 2:17 pm
by ŽižkovClaret
I mean, the implied suggestion from the promo shot that someone might trust these people with nigh on 30 grand...... jeez
Re: Should we be shilling a crypto card product when we can't promote our own Season Cards?
Posted: Thu Mar 14, 2024 2:21 pm
by Jimmymaccer
ŽižkovClaret wrote: ↑Thu Mar 14, 2024 2:12 pm
Yes, MBNA credit cards' entire business model is affiliate marketing, which is why you'll often see them as the company behind the "Manchester United Credit Card" and the like.
Credit cards, however dubious they can be, are pretty well known as a mechanism, and the risks therein.
This is something quite different and its the apparent attempt to present it as a "foreign currency" card that sticks in the craw for me
Yep, don’t disagree ……….
Re: Should we be shilling a crypto card product when we can't promote our own Season Cards?
Posted: Thu Mar 14, 2024 2:33 pm
by Quickenthetempo
I've just invested 30k because Burnley in the community get a fiver.
Re: Should we be shilling a crypto card product when we can't promote our own Season Cards?
Posted: Thu Mar 14, 2024 2:35 pm
by Foshiznik
Anyone able to tell me what is wrong with the product? You add funds to the card that they then invest in crypto and give a kickback to the club?
Or is it a scam?
I have no actual interest myself but I know some will even if just to have a Burnley branded card.
Re: Should we be shilling a crypto card product when we can't promote our own Season Cards?
Posted: Thu Mar 14, 2024 2:39 pm
by ŽižkovClaret
Foshiznik wrote: ↑Thu Mar 14, 2024 2:35 pm
Anyone able to tell me what is wrong with the product? You add funds to the card that they then invest in crypto and give a kickback to the club?
Or is it a scam?
I have no actual interest myself but I know some will even if just to have a Burnley branded card.
It just feels, at best, unclear to the average punter that it isn't just a foreign currency card.
Re: Should we be shilling a crypto card product when we can't promote our own Season Cards?
Posted: Thu Mar 14, 2024 2:44 pm
by aggi
Compared to what many other clubs have done I find it hard to get excited or worked up about this. It's nothing like those clubs with NFCs or tokens to participate in fan engagement. Out of all the bad choices we may have made this one seems OK.
Uphold is a an exchange, that also has what are effectively pre-paid cards. Revolut is similar although its crypto offering is much smaller.
The idea that someone is going to lose their life savings because the club is promoting this is pretty far fetched. You've got to sign up, provide ID, go through multiple warnings and questions on the risks associated, wait for the cooldown period to end, dump in your life savings, etc.
You can quite easily put money in, switch it between currencies and spend it without touching the crypto side.
Re: Should we be shilling a crypto card product when we can't promote our own Season Cards?
Posted: Thu Mar 14, 2024 2:54 pm
by Leisure
aggi wrote: ↑Thu Mar 14, 2024 2:44 pm
Compared to what many other clubs have done I find it hard to get excited or worked up about this. It's nothing like those clubs with NFCs or tokens to participate in fan engagement. Out of all the bad choices we may have made this one seems OK.
Uphold is a an exchange, that also has what are effectively pre-paid cards. Revolut is similar although its crypto offering is much smaller.
The idea that someone is going to lose their life savings because the club is promoting this is pretty far fetched. You've got to sign up, provide ID, go through multiple warnings and questions on the risks associated, wait for the cooldown period to end, dump in your life savings, etc.
You can quite easily put money in, switch it between currencies and spend it without touching the crypto side.
But could you also lose some/all of your money?
Re: Should we be shilling a crypto card product when we can't promote our own Season Cards?
Posted: Thu Mar 14, 2024 2:55 pm
by ŽižkovClaret
aggi wrote: ↑Thu Mar 14, 2024 2:44 pm
Compared to what many other clubs have done I find it hard to get excited or worked up about this. It's nothing like those clubs with NFCs or tokens to participate in fan engagement. Out of all the bad choices we may have made this one seems OK.
Uphold is a an exchange, that also has what are effectively pre-paid cards. Revolut is similar although its crypto offering is much smaller.
The idea that someone is going to lose their life savings because the club is promoting this is pretty far fetched. You've got to sign up, provide ID, go through multiple warnings and questions on the risks associated, wait for the cooldown period to end, dump in your life savings, etc.
You can quite easily put money in, switch it between currencies and spend it without touching the crypto side.
I'm not sure comparing it against Club NFT's and the like is much of a benchmark.
I also feel like it just isn't a very responsible product to be shilling to fans. That's just my take, obviously, but there we are.
Re: Should we be shilling a crypto card product when we can't promote our own Season Cards?
Posted: Thu Mar 14, 2024 2:56 pm
by South West Claret.
ŽižkovClaret wrote: ↑Thu Mar 14, 2024 1:34 pm
Tread carefully with this Uphold shenanigans, people
The general rule about these sort of risk taking/gambling exercises is simply if you don’t fully understand what your doing then stay well clear!
Re: Should we be shilling a crypto card product when we can't promote our own Season Cards?
Posted: Thu Mar 14, 2024 2:57 pm
by ŽižkovClaret
South West Claret. wrote: ↑Thu Mar 14, 2024 2:56 pm
The general rule about these sort of risk taking/gambling exercises is simply if you don’t fully understand what your doing then stay well clear!
Indeed, however there will be a tranche of our fanbase of the mind that "Well, they wouldn't be promoting it if it was risky". sadly.
Re: Should we be shilling a crypto card product when we can't promote our own Season Cards?
Posted: Thu Mar 14, 2024 3:03 pm
by South West Claret.
ŽižkovClaret wrote: ↑Thu Mar 14, 2024 2:57 pm
Indeed, however there will be a tranche of our fanbase of the mind that "Well, they wouldn't be promoting it if it was risky". sadly.
Yes indeed I for what it’s worth will be staying well clear.
Re: Should we be shilling a crypto card product when we can't promote our own Season Cards?
Posted: Thu Mar 14, 2024 4:13 pm
by aggi
Leisure wrote: ↑Thu Mar 14, 2024 2:54 pm
But could you also lose some/all of your money?
You could (although the way things are going you could double your money). But you could also lose all of your money (a lot easier) with any of our myriad of gambling partners. You could lose all of your money with our official mattress partner (Emma for those who were wondering) if you really tried.
You'd actually need to try fairly hard to lose your money and ignore
a lot of warnings.
Re: Should we be shilling a crypto card product when we can't promote our own Season Cards?
Posted: Thu Mar 14, 2024 4:21 pm
by Nori1958
South West Claret. wrote: ↑Thu Mar 14, 2024 2:56 pm
The general rule about these sort of risk taking/gambling exercises is simply if you don’t fully understand what your doing then stay well clear!
Correct
Re: Should we be shilling a crypto card product when we can't promote our own Season Cards?
Posted: Thu Mar 14, 2024 4:23 pm
by Nori1958
ŽižkovClaret wrote: ↑Thu Mar 14, 2024 4:21 pm
No thicker than customers of PPI or packaged bank accounts, i'd argue
To sign up to something you don't understand is not the brightest thing to do.... PPI was not made clear at the time, for example
Re: Should we be shilling a crypto card product when we can't promote our own Season Cards?
Posted: Thu Mar 14, 2024 4:28 pm
by Murger
Foshiznik wrote: ↑Thu Mar 14, 2024 1:40 pm
What is the issue with it? I have no idea about anything crypto other than the basics.
You know more than me then. I don’t have the foggiest what crypto is.
Re: Should we be shilling a crypto card product when we can't promote our own Season Cards?
Posted: Thu Mar 14, 2024 4:33 pm
by AGENT_CLARET
Murger wrote: ↑Thu Mar 14, 2024 4:28 pm
You know more than me then. I don’t have the foggiest what crypto is.
Superman hated it
Re: Should we be shilling a crypto card product when we can't promote our own Season Cards?
Posted: Thu Mar 14, 2024 5:08 pm
by clansman
It’s insane and wrong for the club to be pushing a “ dubious” product
Re: Should we be shilling a crypto card product when we can't promote our own Season Cards?
Posted: Thu Mar 14, 2024 6:29 pm
by dougcollins
How do you get to meet our official mattress partner Emma?
Asking for a friend.
Re: Should we be shilling a crypto card product when we can't promote our own Season Cards?
Posted: Thu Mar 14, 2024 6:35 pm
by boyyanno
dougcollins wrote: ↑Thu Mar 14, 2024 6:29 pm
How do you get to meet our official mattress partner Emma?
Asking for a friend.
It's very difficult- you've got to get her in to bed first.
Re: Should we be shilling a crypto card product when we can't promote our own Season Cards?
Posted: Thu Mar 14, 2024 8:44 pm
by jdrobbo
Wouldn’t touch it with a bargepole.
Re: Should we be shilling a crypto card product when we can't promote our own Season Cards?
Posted: Thu Mar 14, 2024 8:46 pm
by ClaretTony
jdrobbo wrote: ↑Thu Mar 14, 2024 8:44 pm
Wouldn’t touch it with a bargepole.
I don’t have a bargepole but I wouldn’t touch it with yours
Re: Should we be shilling a crypto card product when we can't promote our own Season Cards?
Posted: Mon Apr 08, 2024 10:49 am
by aggi
I still have my life savings
- PXL_20240408_092509359.jpg (1.81 MiB) Viewed 2195 times
Re: Should we be shilling a crypto card product when we can't promote our own Season Cards?
Posted: Mon Apr 08, 2024 4:05 pm
by Bosscat