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Why do people buy gift cards for more money on ebay?

Discussion in 'Making Money' started by breakers20, Jan 20, 2016.

  1. breakers20

    breakers20 Newbie

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    I see 100 dollar gift cards sell for 140 - 150, etc...why? I understand some people try to scam, but all you have to do is send the card with tracking, and they can't cashback. Do you think some of these people are legit and just too lazy to go to walmart? And about the "unauthorized payment" can't they do that on anything they buy? they can go on a scamming spree and get thousands of dollars worth of stuff. So why do it only on cards?
     
  2. TayaX

    TayaX Jr. VIP Jr. VIP

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    I doubt you'll see a $100 gift card selling for $140. Or at least post a link of it.
     
  3. breakers20

    breakers20 Newbie

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    Can't post links so here's pic.
    Untitleddfdffg.jpg
     
  4. breakers20

    breakers20 Newbie

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    Untitleddfdffgfd.jpg here's more pics.
     
  5. Saroekin

    Saroekin Registered Member

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    What . . . lol. Yeah that's strange.

    Best regards,
    Saroekin
     
  6. TayaX

    TayaX Jr. VIP Jr. VIP

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    Well, you're right. I'm interested to know if anyone has infos on those stuff
     
  7. BHDNK

    BHDNK Newbie

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    are these completed auctions?
     
  8. breakers20

    breakers20 Newbie

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    Yes they are, but there's active auctions that have prices going higher!
     
  9. gibran999

    gibran999 Registered Member

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    its very strange
     
  10. Thenub

    Thenub Jr. VIP Jr. VIP

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    People be crazy is the only explanation.
     
  11. richjtf

    richjtf Junior Member

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    You can buy giftcards with paypal on gyft i'm purhasing all my giftcards there now.. There are giftcards published on ebay at a higher price but i doubt anyone is actually buying them. Or maybe a few are, a few who only have paypal and have no idea about gyft
     
  12. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Jr. VIP

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  13. breakers20

    breakers20 Newbie

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    I just talked to a seller, she sold a amazon card for twice its value
    I asked her how the sale went and she said "it was bought by a international buyer, and he didn't pay, this is very common".
     
  14. LoftPower

    LoftPower Elite Member

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    That is very strange to me. I do not understand why someone would want to even think of doing that.
     
  15. Cas87

    Cas87 Regular Member

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    They are 'buy it now' prices..not completed auctions? have you actually seen any sell by auction for that price or more?

    With them being visa gift cards, not actual shop gift cards, they can be spent on anything.. not sure why anyone would want to pay more for one off the top of my head, unless they want to pay for something anonymously?
     
  16. puneetas3

    puneetas3 Senior Member

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    Its for doing payments anonymously. They don't mind paying higher (illegal stuff?). Few are scams too.
     
  17. BillTomy

    BillTomy Jr. VIP Jr. VIP

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  18. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP Premium Member

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    This sort of thing reeks of money laundering. But to launder 35 bucks out of 200? The buyer need millions of these cards to do anything significant on the scale of big crime.

    The search link posted by W130SN yields all the theories you may think of.
     
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  19. Salto

    Salto Regular Member

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    They use stolen PayPal accounts and can't get traced this way. Guess why many sellers note down that PayPal payments will be checked really careful.