{"id":11242,"date":"2025-02-06T04:00:00","date_gmt":"2025-02-06T11:00:00","guid":{"rendered":"https:\/\/milesearnandburn.com\/?p=11242"},"modified":"2025-02-05T17:51:27","modified_gmt":"2025-02-06T00:51:27","slug":"more-pepper-updates","status":"publish","type":"post","link":"https:\/\/milesearnandburn.com\/index.php\/2025\/02\/06\/more-pepper-updates\/","title":{"rendered":"More Pepper Updates"},"content":{"rendered":"\n<p>The Pepper gift card reselling platform, the current mass market frontrunner in the race to move funds from venture capitalist bank accounts to your wallet, has a few newsworthy updates:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/floridaucc.com\/search\/details?text=moocho&amp;searchOptionType=OrganizationDebtorName&amp;searchOptionSubOption=FiledCompactDebtorNameList&amp;searchCategory=Exact&amp;rn=7040511\">They got a loan last week<\/a>, and they did the most Pepper thing possible when filing: The CEO&#8217;s name is spelled wrong. (This is probably a bridge loan, VC funding definitely doesn&#8217;t look like this)<br><\/li>\n\n\n\n<li>Yesterday, they offered (with most of the cash back coming in a couple of weeks):\n<ul class=\"wp-block-list\">\n<li>Unlimited Amazon gift cards at 25% off<\/li>\n\n\n\n<li>Walmart gift cards at 24% off, up to $1,500 per account<\/li>\n\n\n\n<li>HomeDepot gift cards at 22% off, up to $3,000 per account<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p>I think it&#8217;s clear that Pepper is eating most of the cost on these offerings, which could lead you to a few conclusions:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>They might be trying to pump sales in anticipation of funding hurdles and are fiscally fine<\/li>\n\n\n\n<li>They might be trying to make payroll and are fiscally almost dead<\/li>\n\n\n\n<li>They&#8217;re just benevolent and like giving away money, but they have plenty of it<\/li>\n<\/ul>\n\n\n\n<p>One of those three is probably right. Make your risk\/reward calculations accordingly. Since no one asked: I&#8217;ve been bringing down my Pepper float to smaller numbers gradually over the last couple of months, and I&#8217;m approaching zero but not there yet.<\/p>\n\n\n\n<p>Finally, I want to add something to a common argument I hear about Pepper, which is &#8220;Who cares if I lose the $20,000 I have floated to Pepper right now? I made way more than that.&#8221; It&#8217;s a good point, but I&#8217;d like to offer that if you can <a href=\"https:\/\/www.investopedia.com\/terms\/f\/fallingknife.asp\">catch the falling knife<\/a>, you can make &#8220;way more than that&#8221; and still not lose $20,000.<\/p>\n\n\n\n<p>Happy Thursday!<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"259\" height=\"194\" src=\"https:\/\/milesearnandburn.com\/wp-content\/uploads\/2025\/02\/image-3.png\" alt=\"\" class=\"wp-image-11245\"\/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-center\" style=\"font-size:14px\">Live view of Pepper manufactured spenders.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Pepper gift card reselling platform, the current mass market frontrunner in the race to move funds from venture capitalist bank accounts to your wallet,<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[53,5,65],"tags":[],"class_list":["post-11242","post","type-post","status-publish","format-standard","hentry","category-gift-cards","category-meta","category-status"],"_links":{"self":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts\/11242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/comments?post=11242"}],"version-history":[{"count":4,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts\/11242\/revisions"}],"predecessor-version":[{"id":11250,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts\/11242\/revisions\/11250"}],"wp:attachment":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/media?parent=11242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/categories?post=11242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/tags?post=11242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}