Sell for more than it's worth..

4 replies
Now here is a trick.. How can this be? I notice that sometimes Amazon.com gift cards are sold for more than their value.
amazon gift card, great deals on Gift Certificates, Everything Else on eBay!


Anyone know why? I don't get it.
#sell #worth
  • Profile picture of the author P.Sharma
    I would also love to know that? This is the first time I've noticed it
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  • Profile picture of the author Jay Sullivan
    1. Foreigners. People in Europe want to buy products off US Amazon but don't want to deal with credit card or banking currency conversion fees or the address verification.


    2. Lack of credit cards. Kids or something can use checking-backed PayPal but not credit cards.


    3. Leveraging promotions. Microsoft cashback for buyers (10-30% discount on Buy It Now prices) was pretty popular and it completely ****ed up eBay economy for awhile so thank god they stopped it. People also often get PayPal or eBay or credit card promotional coupons.


    4. People are just stupid. This tends to apply to eBayers.

    and number 5:

    The key problem for carders is the drop place and buying this way disconnects the card with physical address. Plus it could be used as a black market currency. Oh, and ideal for tax evasion at the micro level. The taxman is much better at tracking this type of scams than FBI, no CSI magic but plain old "follow the money."

    Now, if I were an US three-letter agency agent, I'd be the top seller of this cards and track the hell out of it. I mean, it even gives a profit, no budget issues. Tracking email, IP, and making contacts would be trivial. Could even be done without a court order to PayPal or anything. Selling gift cards isn't a crime, so it wouldn't be entrapment by itself, AFAIK and IANAL.
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  • Profile picture of the author LondonPaladin
    Don't forget that if you get say a 100$ gift card you end up spending 107$ or even more because you just get so excited and you feel like the first 100$ doesn't count. Also some people get a 100$ gift card and spend say 94$ off of it. So there are a lot of other factors involved. How many people never use their gift card? Forget to use it? Lose it in the holiday trash? Forget the expiration date etc....
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  • Profile picture of the author Steve Powers
    It's the desire that caused this.Sometimes people like it,and they are willing to pay more in order to get it from others.
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