Author Topic: Gift Card Selling ???  (Read 591 times)

threepacballer

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Gift Card Selling ???
« on: August 15, 2017, 08:11:44 PM »
Can someone explain to me why someone would buy a gift card for more than its worth? Several listings like this

http://www.ebay.com/itm/500-VISA-Card-Sent-Activated-No-Fees-FREE-PRIORITY-SHIPPING-READY-TO-USE-/182718633769?hash=item2a8ae11729:g:S6QAAOSwjkVZfd91

Only thing I can think of is money laundering. What a way to make money?

lexde

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Re: Gift Card Selling ???
« Reply #1 on: August 16, 2017, 03:57:54 AM »
Yeah that doesn't add up. There's no reason someone would want to purchase funds that have a limited use for more than the limited funds are. That makes no sense.

MNBen

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Re: Gift Card Selling ???
« Reply #2 on: August 16, 2017, 11:32:46 AM »
I was curious as well, so found a couple theories online...
  • They are being purchased with stolen credit cards (easy way to get quick cash)
  • Sometimes PayPal or Ebay offer coupons like "30% off" in which case that's a good use of coupon
  • Money laundering - especially across the border