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US iTunes gift certificates bought with stolen cards

Discussion in 'The Shit List' started by damnfrogs, Dec 21, 2008.

  1. damnfrogs

    damnfrogs Newbie

    Joined:
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    Occupation:
    webpreneur
    Location:
    San Francisco
    Last night I received a X-Mas gift ($10 itunes) from a DP member, but then was curious about his "amazing" prices:

    "i sell gift card with low rates.
    gift 10$ = 5$
    20$= 9$
    50$= 22$
    100$= 40$
    200$= 70$"

    I found this post on eBay possibly explaining the situation...

    "That $100 iTunes card selling for less than $50 seems tempting, but have you ever stopped and thought about how it can get so cheap?

    The fact is that US iTunes music store wholesale price is $0.70 per song. Anyone selling an iTunes for less than 70% face value is automatically losing money (especially when you consider eBay and PayPal fees reduce profits by about 10%)... unless they got the card for free of course. True, that some folks get iTunes gift certificates as unwanted gifts and seek to get rid of them on eBay. But is it likely that a seller located outside of the US got 10 of them at the same time as gifts? Probably not. Most likely the cards were purchased from a stolen credit card!" So, as always buyer beware!
     
  2. freqout

    freqout Regular Member

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    Occupation:
    Security Engineer
    Location:
    San Francisco bay area
    They do have specials around on them, but not over 130 off 200. This is most likely a scam in some form.
     
  3. BMXRider

    BMXRider BANNED BANNED

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    Mate, this happens with pretty much anything online. I done a deal with a guy a while back who said he could get me $300 adsense vouchers for $30. They were genuine alright, but they were paid for by stolen credit cards.
     
  4. chobo

    chobo Regular Member

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    lol i know a scammer that sells 50$ = 12.50

    oh the money i coudl make.