As COVID restrictions continue to keep families at a distance this year, consumers can now deliver a personalized e-gift card for stock instantaneously. Once purchased, the gift-giver can simply copy a link from their receipt and paste the animated e-gift card directly into a private text or instant message. To send a Stockpile-by-Text, consumers use our intuitive functionality to gift any amount they want right from the mobile app or online at. families to embrace the stock market in time for the holiday shopping season." We hope Stockpile-by-Text will encourage more U.S. It combines the familiar gift giving experience with texting and instant messaging. "It's a natural extension of our existing e-gift offerings. Texting from a smartphone is now the primary form of communication, especially with the younger generation," said Victor Wang, CEO of Stockpile. "Stockpile's mantra has always been to simplify investing. It is the fastest, simplest way to start a family member, friend or loved one on their investment journey. The new gift card format will allow users to deliver an e-gift card for stock via any texting or instant messaging service on any device in a matter of seconds. 18, 2020 /PRNewswire-PRWeb/ - Online brokerage, Stockpile today announced the launch of Stockpile-by-Text, the first-ever personalized animated gift card for stock. We also don’t have any brick-and-mortar storefronts, and we’ve struck very good agreements with our vendors.PALO ALTO, Calif., Dec. “Everything is electronic and highly efficient, so we save an enormous amount of money that way. “We have a very technologically based system and we don’t deal with paper,” he said. Lele said the company accomplishes profitability largely through its efficiencies. Stockpile is also expanding its reach with a rollout in additional locations, including Kroger, Safeway and Albertsons stores. They can also be found at a variety of Kmart locations including Valencia, Burbank, Los Angeles, West Covina, Redlands, Ontario, Riverside, Anaheim and Long Beach. Stockpile gift cards can be purchased at Office Depot stores in such cities as Santa Clarita, Granada Hills, Pasadena, West Covina, Huntington Beach, Irvine and Riverside. “They also get a new way to communicate more personally with their retail shareholders.” “Local credit unions to Fortune 500 companies are leveraging Stockpile’s platform – whether it’s to offer a brand new set of gifting services, a differentiated loyalty program or an innovative employee incentives and recognition plan,” Dan Schatt, Stockpile’s chief commercial officer, said in a statement. Others who aren’t interested in getting into the market can opt out and use the card to shop for merchandise at a retail store. So you can switch it to any other stock for free.” We don’t want to force someone to invest in something they don’t really want. We want our gift card recipients to get what they want. “We did that because all of us have gotten gift cards for stores we don’t shop at and we end up throwing those in the kitchen drawer. “The secret behind all of these cards is that ultimately they are redeemable for any stock in the universe,” Lele said. Stockpile also offers e-gift cards for stocks, with denominations ranging from $1 to $1,000. but represents a specified number of shares in a foreign corporation. An American depository receipt is a stock that trades in the U.S. The cards also apply to stock in exchange traded funds and American depository receipts.Īn exchange traded fund, which trades like a common stock, is a marketable security that tracks an index, a commodity, bonds or a basket of assets like an index fund. In most cases someone will end up with some whole shares and a fractional share. So if Apple was trading at $100 when you redeem the card you’d get half a share.”Ĭonversely, if someone received a gift card for $100 worth of eBay stock and it was trading at $20 when the card was redeemed, they would receive five shares of the stock. “If you buy a gift card for, say, $50 worth of Apple stock, it doesn’t matter what Apple is trading at when you buy the card, it just matters what it’s trading at when the card is redeemed.
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