Is Giftcard Flipping profitable anymore ?

[skhanma61]

Looking to get into this trading but not sure how not to get scammed hard as one single scam can ruin the margins .

Please share your thoughts ?

 

[emptyzero]

i don't see a good future for this, it was good once, but now payment methods are countless, so it's not a " growing" market anymore..
try playing around NFT / Metaverse stuff, games skins.. and so on.

 

[jcodeunlock]

Looking to get into this trading but not sure how not to get scammed hard as one single scam can ruin the margins .

Please share your thoughts ?

my adverse, before you get into giftcard trading look for someone you know in person that is already doing this, then be a middle man to the person. so whenever you have card ask the person for rate and add your profit. do this to have experience on how giftcard trading works before you start thinking of selling the cards online.

 

[Research International]

Gift card from trusted source is highly beneficial, but be careful.
I exchange gift via "Airtm" platform.
Though the commission rate is high but seems safe.
Source is very crucial for gift card,

 

[Gnbnexi]

Gift card from trusted source is highly beneficial, but be careful.
I exchange gift via "Airtm" platform.
Though the commission rate is high but seems safe.
Source is very crucial for gift card,

Doesn’t the high commission take away the profit?

 

[Ambunbunmew]

Doesn’t the high commission take away the profit?

It’s really not worth it tbh unless you’re trying to cash out gift cards lol .

Profit like 5% . One scam and your out for a few 100$

 

[Gnbnexi]

It’s really not worth it tbh unless you’re trying to cash out gift cards lol .

Profit like 5% . One scam and your out for a few 100$

That’s a lot of risk for a little gain

 

[Ambunbunmew]

That’s a lot of risk for a little gain

Yeah I’d rather not unless you can find suckers to pay in crypto and even then 5-15% gain is not worth it

 

[Niel01]

It's still profitable if you employ the right strategy, I know of few platforms which offers lower fees to traders. Sites like BuySellVouchers will I recommend

 

[mkaza]

If you can keep a steady flow of demand and aren't taking inordinate risks, yes. The numbers are there but they're not great imo. Could be a nice way to diversify if you just had the extra funds.