Stuck with Unused Gift Cards – Turn Them in For Cash

When it comes to gifts, purchasing and giving a gift card makes shopping for any occasion quick, easy, and best of all convenient. On the other hand, if you are the recipient of a gift card and have no plans to use it, you may not realize its value. You may even feel it will only go to waste or it will just collect dust in some corner in your miscellaneous drawer. Before you decide to toss it in the trash, bring it to Kamaaina Loan & Cash For Gold. We will check the balance with our online system and pay you cash for the value of the gift card. It’s that simple. And since we here at Kamaaina Loan & Cash For Gold have been in business for 44 years, you know where to go to turn your gift cards in.

 

FAQ:

  • What if I made a minimal purchase but there is still an unused balance? Can I still turn it in? Kamaaina Loan will verify the balance on the card first, then give you cash for that card.

 

  • What if my unused gift card is for a business that is not located on Maui. Can I still turn it in? Yes, Kamaaina Loan will accept a wide variety of gift cards, even for retail or restaurant chains that do not have a local presence on Maui.

 

  • Will Kamaaina Loan & Cash For Gold also accept VISA gift cards for cash? Yes, VISA gift cards are also welcomed to be turned in for cash.

 

  • What if I cannot remember how much my gift card is worth? Kamaaina Loan will verify the balance with their online system.

 

  • Is there any kind of gift card Kamaaina Loan & Cash for Gold will not accept? Yes, if the card is expired. If you’re not sure, bring it in and we will check it first.

The price of gold is on the rise.

If you have been keeping up with the news recently, you probably already know that gold prices on Monday hit a record high! This comes as no surprise to us at Kamaaina Loan & Cash For Gold, having been in the gold business for years. This is what happens when the economy is unstable. Since we have been in this state of flux with the coronavirus pandemic happening around the world for a couple of months now, the price of gold and other precious metals has also been affected.

So, if you have been cleaning up around the house, as we all have been doing, you may have come across some gold or other precious metal pieces that are just collecting dust in some drawer or jewelry box. You may have even considered parting with those pieces. Well, now is the perfect time to head on over to Kamaaina Loan & Cash For Gold, to get cash for those gold or other precious metal pieces. Our sales team is always friendly to all our customers and will be happy to assist.

Please remember before heading out to Kamaaina Loan & Cash For Gold, bring and wear a face mask. We are diligent about keeping our location safe for our ohana and customers.

Kamaaina Loan interior

Now’s the time to pick up that hobby you’ve been putting off.

Kamaaina Loan interiorWith this “new normal” in our adjusted lifestyle, you may find yourself with a little extra time on your hands. Now’s the time to start that new hobby you have put off starting. While everyone is spending more time at home, you may feel you could use another electronic device, if so, stop in and visit us. We have a selection of musical instruments such as guitars and a variety of ukulele. We also have electronics such as amplifiers available for sale too, so everyone in your neighborhood can enjoy your new found talent. If you need an extra device, we have iPads and laptops available too.

For those who enjoy their extra time outdoors, living in Hawaii has its benefits where we can enjoy the warm tropical breeze and sunshine all year round. If you are looking for a fun way to get out yet respecting the social distancing, we can help with that too. We also have golf clubs, fishing equipment and other outdoor sports equipment available for sale.

In case you were wondering, yes, we are open for business during this time and we have taken extra precautions to make sure you are safe while shopping with us.

Kamaaina Loan customers with masks

For the safety of our staff and other customers, we ask that you remember to wear your mask when you visit us. If you do not have a mask, we have some disposable ones available. We have also taken extra precautions while you shop by having hand sanitizers available throughout our stores. Additionally, every couple of hours we disinfect the entire store. Plexiglass shields have been installed on our counters to keep our customers and our sales team safe when interfacing with each other and completing a sale.

If you are planning to stop in and shop, Kamaaina Loan is open on Market Street in Wailuku from 9 am to 6 pm Monday – Friday and from 10 am to 4 pm on Saturday. We are closed on Sunday. You can also shop with us online. We will be happy to hook you up with something to keep you happy.

#maui #mauiretail

You Need that Fast Cash?

Sometimes you just need $20. There are a lot of ways you can go about getting it. You can ask friends and family. You can try to sell something on Facebook yard sale. There are quick jobs like cutting someone’s grass or washing the car. 

 

No time for any of that? When you need cash right now and you don’t want your friends and family to know your business, a pawnshop is a quick and easy way to go. All you have to do is take an item into the pawnshop that they could sell. The pawnshop will make you an offer and they won’t even ask what you’re going to do with the money. You can sell your item or just borrow money on it for cash. 

 Get your next $20 at the pawnshop, because some things are nobody’s business but your own.

 

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Wash that smartphone!

A smartphone, properly scrubbed

A smartphone, properly scrubbed

All good things come to an end, and when that happens to your smartphone, you should wash it. And, no, I don’t mean what my one-and-a-half-year-old grandson did to his mamma’s new iPhone 6S.

In a pawnshop context, washing your phone means scrubbing it of personal information before you sell it. Older model smartphones lose value quickly but they still have some value: A Pew survey last year found that 68% of American adults have a smartphone.

That means 3 in 10 don’t and probably would like to acquire one if they could afford it. Pawnshops are one place that can happen

When Kamaaina Loan (or any other pawnshop) buys a smartphone for resale, it will scrub it. The simplest way is to do a factory reset.

However, at least with Android phones (which is most of them), a reset does not necessarily wash the phone clean.

Earlier this year, Avast, a software security company, purchased 20 used smartphones from pawnshops in Europe and America. 60% had not been reset: an error on the part of the person who sold the phone to the pawnshop and of the pawnshop as well.

However, here’s the problem: of the 40% that had been reset, half still had recoverable personal information on them.

Avast said that was because some older versions of Android’s OS have a factory reset that does not clear data.

Worse, some sellers just deleted their files without doing a reset. That left the files easily recoverable with commonly available and free software.

Avast says the thing to do is to overwrite your unwanted files, which is what the reset does.

We’d add that destroying old files in unwanted equipment applies to anything with a chip in it. Even copiers save everything they see. The old copier itself may be dead but its brain lives on.

 

#maui #mauiretail

And now, a good word for fakes

But not from us. We hate fakes.

No, it’s Jack Ma, head of notorious fraud site Alibaba (the Amazon of China, some call it, which seems unfair to Amazon). In a story reported at CNN Moneym, Ma said

“The problem is that the fake products today — they make better quality, better prices than the real product,” Ma told investors at a company event Tuesday. “The exact factories, the exact raw materials, so they don’t use the name.”

Excuse us while we retch.

First of all, we examine designer goods in the pawnshop all the time, and while some fakes are better than others, they aren’t “better quality” or even as good.

We note that just to get it out of the way.

The problem with Ma’s continuing criminal enterprise is not (or not only) the quality of the fakes he sells. It’s theft of intellectual property. And it’s destruction of the value of real goods by pretty-good fakes.

For example, the market for collectible Kingdom of Hawaii coins has been nearly ruined by fakes. Sold by Jack Ma.

We bet Jack Ma would not be so happy if someone set up a fake Alibaba site that directed shoppers to a warehouse in, say, Belarus and took away the dollars now going to Jack Ma.

There is also the matter of additional costs imposed on honest merchants like Kamaaina Loan, who have to take steps to intercept and reject the fake garbage that Jack Ma pumps into the stream of commerce.

It would be a good thing if Alibaba was treated like a chop shop or other similar criminal operation and shut down. We aren’t saying we expect it, but it would be a good thing.

If you think we are kidding, just go to Alibaba and search for “fake coins.”

 

#maui #mauiretail #visitingparadise

Reality spreading

Heck, no, we don’t mean the US political campaign is beginning to be full of truth and good nature. But after a long dry spell, Kamaaina Loan blog can again report on pawn-based reality teevee programming.

The reality pawn audience seemed to have peaked  and then Chumlee of “Pawn Stars” got himself arrested on drug and weapons charges, which sort of cooled things down.

But British papers report that Australia’s  top shock jock (Kyle Sandilands and no, we never heard of him either) has signed for a pawn show on Australia’s channel 9 to be called “Meet the Hockers.” What’s a stuffed koala bear worth, anyway?

Meanwhile, back on America’s top pawn show, the gossip sites are reporting that Chumlee will plead guilty to one each of drug and weapons charges, but nothing on the original sex assault or harassment complaint, of which few details were ever revealed.

He will, they say, get probation and after completing it successfully will have his charges knocked down from felonies to misdemeanors. His social media accounts claim he will return to the show sometime.

#ProudofPawn #maui #mauiretail

Semi-good advice about pawning

pawnFor such a simple idea that people have been using for thousands of years, pawning seems baffling to many people.

Just the other day here at Kamaaina Loan, we were discussing possible regulatory changes — perhaps coming from the national government — that would affect us, so we pulled down “Black’s Law Dictionary” to refresh everybody about the legal description of “pawn loans.”

It uses words like “bailments” and is not that user-friendly, so this is how I — as a professional writer — boiled it down:

A pawn transaction is a short-term cash loan secured by portable collateral.

The devil, of course, is in the details. We found an article in the Dayton Daily News headlined

Before you hock an item to a pawn shop

It seems to be a Better Business Bureau canned article but none the worse for that. With one exception, we found the advice offered to customers pretty good.

The exception?

• Know the value of items. If you don’t know the value, shop around and/or consider getting an appraisal.

The first part of that is OK. But an “appraisal” is impractical in most cases.

The BBB quotes the National Pawnbrokers Association that the average pawn loan is around $150, and that is close to the average at Kamaaina Loan And Cash For Gold.

Now we also offer appraisals, and ours have been accepted by every court in the state. The difficulty is that the minimum charge for a real appraisal is about $150 — and it can be a lot more for a big task like helping a conservator prepare a report for probating an estate.

Obviously, it doesn’t make sense to pay $150 to learn the value of something you are going to use to get a loan for $150.

So, what to do?

With gold and silver, you can look up the New York price on kitco.com. Then with some simple arithmetic you can determine how much gold is in your wedding band. Example: an 18 karat band is 75% gold, so if it weighs 4 grams it has 3 grams of gold in it.

jeweler signYou know the New York price per gram. The pawnbroker is going to offer you a fraction of that, because if he has to sell the ring there are lots of expenses involved: store overhead, insurance, shipping, assay etc.

That includes his risk that the N.Y. price will go down between the time he gives you cash and the time — at least two months later under the laws we operate under — that he sells it.

So there is room for borrower and lender to make assumptions. Different pawnbrokers will come to different conclusion about what that ring is worth. At Kamaaina Loan, we like to say, see us last. You’ll find out we make the highest offer.

(As a practical matter, the pawnshops on our island are separated by about $5 worth of gas and 30 to 45 minutes of driving time, so you cannot really afford to shop around too much for a $150 loan. Pick a pawnbroker you like and stick with him. Pick us.)

With other items,. the customer can do the same thing we do: look it up on the Internet.There are specialized sites. For example, for golf clubs, the Professional Golfers Association maintains a free site, valueguide.pga.com. This is supposed to be based on transactions across the country, but it may not be entirely reliable for local preferences, and condition counts.

There are sites for particular brands of guitars etc., but for the majority of goods eBay sets the floor. You the borrower can look up prices on eBay as well as we can. Remember to look at “completed auctions” to get the actual prices achieved.

One thing we liked about that BBB article was its report about inquiries and complaints. In 2015, the BBB received over 65,000 inquiries about pawnbrokers, but only 300 were complaints.

We bet they got more complaints about the cheese in cheeseburgers.

(Kamaaina Loan is a member of the Hawaii BBB.)

#maui #mauipawn #mauiretail

The war on pawn (and used cars)

OK, we get

Endangerd in Warren, Michigan (photo from Macomb Daily)

Endangered in Warren, Michigan (photo from Macomb Daily)

it. Pawnshops are not among the best-loved of businesses — except by our customers, who value us.

But just because you disapprove of or dislike somebody’s business, that doesn’t mean you can use local government to make ridiculous impositions. This news has not penetrated to some of the more backward parts of the country, like Macomb County, Michigan.

In Warren in Macomb, county officials are refusing to accept applications for pawnshops and have imposed unconstitutional restrictions, like a 750-foot exclusion zone around churches. And some of them want to extend that to 1,000 feet.

This kind of zoning restriction runs into a well-known (in the civilized world, anyway) constitutional principle, the “rational nexus” requirement.

Governments need a real reason for imposing rules on otherwise legal businesses. It’s OK to ban a business running a trip hammer or a car crusher from operating near a school or a church, both of which need a degree of peace and quiet.

But a pawnshop isn’t going to interfere with a church. (Vice versa might not be the case.) If the church can operate within a thousand feet of, say, a beauty parlor, it will have to put up with pawnshops, too.

(Also, used car lots. Macomb wants to impose similar restrictions on them.)

Beauty parlors, pawnshops and used car lots have similar impacts on their surroundings.

If any pawnbrokers or car dealers in Macomb care to sue, they’ll win. The car lot regulation is particularly easy to see. There cannot be any real difference in impact between a used car dealer and a new car dealer, but Macomb is not trying to clamp down on new car dealers.

There’s a good chance none will sue. It costs money to fight city hall even when you’re sure you’ll win. That’s especially true in a hick county like Macomb, which elects its municipal judges.

There’s a good chance an elected local judge would rule against the pawnshop. Eventually, in a higher court, the shop would win. But it’s a fight not everyone would choose to pick.

However, it costs us nothing to jeer at the clodhoppers in Macomb.

#pawn #maui pawn #maui retail #ProudofPawn