Amazon credit - how to cash out? $1,000 $$$$

10 replies
I get a nice chunk of Amazon credit every month and trying to figure out the best way to cash out? $$$$

The easiest would be to buy gift cards and then just flip them on eBay, unfortunately Amazon will not allow me to buy gift cards. Just about anything else is fine.

Besides buying higher dollar items for $250-$500, having them shipped to me, then listing on eBay and selling to convert it into cash $$$$ what can I do?

Or maybe you have a few suggestions on what I can flip onto Craigslist?

Any thoughts or suggestions?
#$$$$ #amazon #cash #credit
  • Profile picture of the author sconer
    Amazon sells a lot of stuff, including groceries, paper products, person needs type of stuff.

    I order paper towels, toilet paper, tissues, razors, deodorant, clothing, and even food items.

    You would be better off buying as much as you possibly could in cash value vs. buying stuff to sell at a (most likely) lower value.
    {{ DiscussionBoard.errors[10499666].message }}
    • Profile picture of the author windycityxx
      I can pretty much buy everything cheaper then on Amazon I am looking strictly for a way to cash out. I currently buy a lot of items for around $60-$100 and make about 10% after fees/shipping on Ebay.. but its way too many smaller items, anyone have any ideas on items $250-$500+ I can buy and at least break even on selling on Ebay or possibly Craigslist?
      Originally Posted by sconer View Post

      Amazon sells a lot of stuff, including groceries, paper products, person needs type of stuff.

      I order paper towels, toilet paper, tissues, razors, deodorant, clothing, and even food items.

      You would be better off buying as much as you possibly could in cash value vs. buying stuff to sell at a (most likely) lower value.
      {{ DiscussionBoard.errors[10501533].message }}
      • I know amazon sells bullion. Not sure exactly how competitive the pricing is over spot price but if its really just credit you're spending then I guess it doesn't matter. You'll always be able to turn around and sell gold and silver eagles etc either online or at your local pawn shop or bullion trader.
        {{ DiscussionBoard.errors[10501545].message }}
      • Profile picture of the author agmccall
        Originally Posted by windycityxx View Post

        anyone have any ideas on items $250-$500+ I can buy and at least break even on selling on Ebay or possibly Craigslist?
        TV's and electronics will always sell, but why would anyone pay you the going rate when they can buy in a store or amazon and get customer service, warranties, and the ability to return.

        You are going to have to give people a deal, so "breaking even" as you say is probably out of the question

        al
        Signature

        "Opportunity is missed by most people because it is dressed in overalls and looks like work." Thomas Edison

        {{ DiscussionBoard.errors[10503744].message }}
        • Profile picture of the author windycityxx
          Not true at all, I know a handful of people and all they do is buy and sell goods on Ebay and Amazon, individual item arbitrage..

          I used to do this myself full time about 3-4 years ago, it was a lot of work, 40-50 hours a week, and averaged around $3,000-$4,000 month profit after all expenses so don't say it can't be done, anyone can do it, its simple but tedious...

          I already break even..

          I am looking to break even with less work (higher priced items) or even make money..
          Originally Posted by agmccall View Post

          TV's and electronics will always sell, but why would anyone pay you the going rate when they can buy in a store or amazon and get customer service, warranties, and the ability to return.

          You are going to have to give people a deal, so "breaking even" as you say is probably out of the question

          al
          {{ DiscussionBoard.errors[10503899].message }}
  • Profile picture of the author JohnMcCabe
    I'm not sure how you are acquiring these credits, but if they are not costing you anything out of pocket, then anything you buy is essentially free. How do you buy stuff cheaper than free?

    My wife enters a lot of Internet sweeps and wins often enough that I have related experience. When considering a sweeps, she has two questions - would the prize be something we would keep and use, or could I flip it on eBay for some amount worth the time and trouble? If the answer is yes to either, then she goes ahead and enters.
    {{ DiscussionBoard.errors[10502745].message }}
  • Profile picture of the author RonGold
    1. Buy products on Amazon with the credit
    2. Sell it on Craigslist/Kijiji

    Tons of people do this with credit fraud - although they always end up in jail as a result
    Signature
    CanadianContentWritingBHW@gmail.com
    $2/100 words for REGULAR CONTENT
    $4/100 words for TOP NOTCH MONEY CONTENT
    {{ DiscussionBoard.errors[10502753].message }}
  • Profile picture of the author windycityxx
    These cards are not free, they cost me time and energy, and I am trying to get paid the most I can from them. I am currently breaking even after eBay listing, fees, shipping etc but it is on smaller $100-$150 items.

    Like I stated I have been considering doing more Craigslist.

    I was looking for some exact item ideas?
    {{ DiscussionBoard.errors[10502913].message }}
  • Profile picture of the author MrStinky
    If you're an Amazon affiliate and that's where the money is coming from, you can select to be paid by check or direct deposit, instead of a gift card.

    If these are gift cards you're redeeming, I don't think you can transfer into cash directly through Amazon. You could buy a product and resell it as some have suggested.
    Signature
    free search engine submission tool - automatic tool to submit your site/pages to a number of search engines
    funny Christian jokes url shortener
    {{ DiscussionBoard.errors[10504098].message }}
  • Profile picture of the author jaysolution
    You could sell an item on Amazon for the amount of credit you have, and then buy it from yourself. Then the money will be deposited into your bank account, minus Amazon fees.
    {{ DiscussionBoard.errors[10504124].message }}

Trending Topics