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Green dot moneypak card = $ making method?

Discussion in 'Ebay' started by tdizzle13, Dec 8, 2012.

  1. tdizzle13

    tdizzle13 Newbie

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    saw a post about folks selling these for profit on ebay...I checked it out and emailed some sellers on ebay...it looks legit. I didn't know what y'all thought about it???
     
  2. Eagle Eye

    Eagle Eye Senior Member

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    what kind of profit are the sellers making?
     
  3. tdizzle13

    tdizzle13 Newbie

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    i saw some on there $100 card for $150, $40 for $66, $300 card for $400.... I got talking to one if the guys on there and apparently he has a site ...i checked it out and it seems legit. PM me for site, I think it's worth looking at, very basic and crude though. I can't post sites yet

    I sent him a open ended message telling him of an error he had on his page and a url tip, hoping that he would engage and let me pick his brain a little. I told him I dabble in IM to entice him haha. I want to know is he pushing traffic? How many sales he's getting? How long he's been doing this? etc... I thought this might be something easy and straight forward to get into and you could always scale up and add twist...best is you can get the orders first then go get cards=no out of pocket

    SO...what do you think?
    to answeerr your ?...by the time ebay takes their cut, gas/time to get/charge cards, 4.95 to purchase card...maybe anywhere from $10-$100 depending on card sold, but like I said...no upfront out of pocket (kind of), and you can sell unlimited supply...sounds promising to me
     
  4. PhilVegasOne

    PhilVegasOne Newbie

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    I don't know this business but why would people pay so much for a GDMP card? Can people explain to me?
     
  5. tdizzle13

    tdizzle13 Newbie

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    I don't know...I guess to remain anonymous? If they couldn't get on PP or something...IDK ???
     
  6. jaerehan

    jaerehan Elite Member

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    Because there are countries outside of US too. 90% of them doesnt have the dropaway virtual credit card feature to pay online with and stay anon, use fake name, 'wash' money etc.
     
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  7. PhilVegasOne

    PhilVegasOne Newbie

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    Lol, I guess that makes sense. What amazes me is the VIG the guy charges for GDMP-- Sounds like a opportunity haha
     
  8. anatho

    anatho Elite Member

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    Where did you find them, on eBay.com? I did not find even one offer for green dot money pack there?!
    Please let me know more about this, sounds interesting
     
  9. seorank

    seorank Registered Member

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    sounds like money laundering........stay away from that
     
  10. Masterptc

    Masterptc Regular Member

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    Why would you pay that much for a moneypak when they can walk their happy ass down to the nearest 7/11 and get 1?
     
  11. anatho

    anatho Elite Member

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    If I am the seller of the card, I am not responsible for what my buyer will do with it .... I just sell it, make profit, that's it!
     
    Last edited: Dec 8, 2012
  12. anatho

    anatho Elite Member

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    I think people who are buying this are from countries where they cannot buy these in a store or anywhere else than off the Internet ....
     
  13. Imma_Noob

    Imma_Noob Jr. VIP Jr. VIP Premium Member

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    How could a seller be held responsible for what a buyer does with their purchase? If I sell a car and 6 months later that car is used in a robbery, am I responsible? No!
     
  14. exbear

    exbear Junior Member

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    Please PM me the site selling those. I think they are a bit overpriced on ebay.
     
  15. tdizzle13

    tdizzle13 Newbie

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    exbear I will pm you...
     
  16. zonfar

    zonfar Power Member

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    Someone posted this exact method of selling these on eBay. My probelm with it was that anyone could dispute and say the card was empty when they got it and there's nothing a seller could do.

    Sent from my SCH-I500 using Tapatalk 2
     
  17. Ebcompany

    Ebcompany Registered Member

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    Maybe this is just me....because my mind occcasionally works in this manner (although I promise Im a good person)

    This is just the first "for instance" that came to mind for me (based on the economic turmoil in the US at least):

    1) Moneypak has to be purchased with cash
    2) BUYER is broke but has 10,000 limit on his credit card with no cash advance left, purchasing power only
    3) BUYER uses his credit card to purchase moneypak cards via paypal (ebay) for 1.5 dollars on the dollar or whatever the VIG he chooses to pay
    4) BUYER then has a moneypak to add to his GreenDot card and withdrawl cash that he was unable to otherwise get from his CC

    There are about 100 scenarios that come immediately to my mind, but thats just one of them
     
  18. Ebcompany

    Ebcompany Registered Member

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    after a little research they are used heavily in online poker as well and are heavily traded

    Player A needs money in his poker account and offers to buy 100 worth of credit for 100. Player B will only accept GDMP because paypal has rules against it and it offers him no protection on a chargeback for selling the poker credit. Since Player A is from a country where he cannot fund his account with a credit card or bank account, he then goes and buys a GDMP for a premium since they are not offered in his country and sends Player B the money for Player B's poker credit. Player B has no worry that Player A can do a chargeback or anything else on the credit once its out of his poker account.
     
  19. Steeky

    Steeky Regular Member

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    Be careful those sellers might be hackers trying to cashout their MoneyPak codes that they got from victims using a WinLocker. Its a ransomware that scares users into forking over $ using MoneyPak codes pretending to be the FBI. Google it
     
  20. PhilVegasOne

    PhilVegasOne Newbie

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    Oh man, people don't really do this with poker do they?? ;)