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Why are people buying moneypak cards on ebay for twice of what they are worth?

Discussion in 'Ebay' started by bigcasey123, Mar 10, 2013.

  1. bigcasey123

    bigcasey123 Regular Member

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  2. Narrator

    Narrator Power Member

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    I would be worried about the buyer reversing the charges. Especially if you do an email delivery.
     
  3. jazzc

    jazzc Moderator Staff Member Moderator Jr. VIP

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    Some of those are for money laundering. The buyer doesn't care about the overhead if he uses another one 's PP ;)
     
  4. bigcasey123

    bigcasey123 Regular Member

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    Well that's why you confirm their paypal email by sending the code to it.

    Yes but that's why you get a shipping label (even if you have to pay an extra $1.50) then ebay will side with you if they try to do a chargeback.
     
  5. YouFeelMeDawg?

    YouFeelMeDawg? BANNED BANNED

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    Ya but your not the one getting screwed.
    What jazzc tried to say is that, those that are buying those moneypaks at that outrageous price are those that are using hacked pp. Once you give them the moneypak code, they can use that moneypak and get their money out. In other words, it is easier to catch out with moneypaks on stolen pp accts, than it is to take the money out from the pp by sending money to another pp.

    Hacked pp accts need a way to cash them out, usually by buying stuff like this.
     
  6. bigcasey123

    bigcasey123 Regular Member

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    I understand what you're saying but when someone hacks a paypal that doesn't mean they have the email connected to the paypal (i mean they can't login to the email). So i would verify the paypal email BEFORE sending the code.
     
  7. jazzc

    jazzc Moderator Staff Member Moderator Jr. VIP

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    Who told you they do not have the email? Also, if cc chargebacks start rolling in, it doesn't matter with whom ebay "sides".

    @YouFeelMeDawg? My thanks button is out on vacation today from overuse, I owe you one :)
     
    Last edited: Mar 10, 2013
  8. bigcasey123

    bigcasey123 Regular Member

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    Well it's kinda hard to hack a paypal AND an email isn't it??? (just guessing).

    Yes but i mean not EVERY person who buys a moneypak card is a hacker...maybe some but not all.
     
    Last edited: Mar 10, 2013
  9. jazzc

    jazzc Moderator Staff Member Moderator Jr. VIP

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    Google "key logger". When you get hacked, all your info you 've used on the machine is stolen during the period of the infection.

    Of course. Some have legitimate reasons to do a PP->Moneypak exchange. How many do you think of those exist with a 75% markup? :D
     
  10. bigcasey123

    bigcasey123 Regular Member

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    Ok but what if i shipped the moneypak card? when someone changes their paypal address they need to confirm it (which means they need a credit card with their address) so why would they go through all this trouble for a moneypak card?
     
  11. jazzc

    jazzc Moderator Staff Member Moderator Jr. VIP

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    In that case they won't buy from you, simple.
     
  12. bigcasey123

    bigcasey123 Regular Member

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    haha not true!! someone sold a moneypak card and they shipped it (no email delivery).

    http://www.ebay.com/itm/250-00-moneypak-/261180955671?pt=LH_DefaultDomain_0&hash=item3ccf991c17

    see.
     
    Last edited: Mar 10, 2013
  13. jazzc

    jazzc Moderator Staff Member Moderator Jr. VIP

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    • Thanks Thanks x 1
  14. Karthik_

    Karthik_ Newbie

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    Good question. Probably subject to bid wars.
     
  15. DougG79

    DougG79 Regular Member

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    Because you need to put your social security number, name, address etc on the moneypak and people want to buy things without everyone knowing who they are. Just guessing but for me even with online purchase from like Target etc I use prepaid cards and never give out my debit or credit card online
     
  16. bigcasey123

    bigcasey123 Regular Member

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    Actually you only need to put your ssn when adding it to a unverified pp account.
     
  17. wowhaxor

    wowhaxor Executive VIP Premium Member

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    NVM was thinking of another thing.
     
  18. ub3rst4r

    ub3rst4r Junior Member

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    As this article shows, the more probable reason is that some people are suckers and don't think twice about spending more then what something is actually worth. Another example is when Apple releases something new, people stop at nothing to spend $100s or $1000s on it and they don't just buy one, they buy two (why? I have no clue).
     
  19. anatho

    anatho Elite Member

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    They might buy two in order to resell the second one so that they can get back the money they spent when bidding too high.
    Strange situation on eBay, some people are willing to pay twice the face value of a gift card etc. which they can get easily for half the price in a shop, on the other side they are not willing to pay more than some $ for a game key of the latest game although it costs more than twice or even triple as much in the shops ....