busterbay 326 Posted November 29, 2015 OK, this is extremely off topic. I was clicking around eBay and I decided to look up gift cards.... Can someone explain why people pay more than face value for Walmart gift cards ? $126 for a $100 card Example Share this post Link to post Share on other sites
MZ SKEETER 4,709 Posted November 29, 2015 I have seen that many times myself.. 1 Share this post Link to post Share on other sites
Quitetitan4 90 Posted November 29, 2015 People are not very smart my friend! 3 Share this post Link to post Share on other sites
busterbay 326 Posted November 29, 2015 People are not very smart my friend! They never seem to stop amazing me... Share this post Link to post Share on other sites
knucklehead 530 Posted November 29, 2015 STUPID, comes to mind. The people seem HAPPY to get them for that price. There's a bunch more on there too. I think I'm in the wrong business? Share this post Link to post Share on other sites
Coaster36 327 Posted November 29, 2015 Maybe someone can explain why someone would sell a card for less than the value of the card? I can see selling for less if you would never shop or there isnt one close. But selling $100 gift card to best buy for $75? I dont understand. And I guess there is some kind of code of conduct for giftcard sales? If its for credit you cant charge as much? I dont know... Share this post Link to post Share on other sites
knucklehead 530 Posted November 29, 2015 $100.00 VISA card, $149.00? Something fishy goin' on? Maybe someone can explain why someone would sell a card for less than the value of the card? I can see selling for less if you would never shop or there isnt one close. But selling $100 gift card to best buy for $75? I dont understand. And I guess there is some kind of code of conduct for giftcard sales? If its for credit you cant charge as much? I dont know... Cash works places, gift cards don't. Share this post Link to post Share on other sites
MZ SKEETER 4,709 Posted November 29, 2015 money laundering comes to mind... People set up many accounts to launder their illegal money thru.... Searched online, here is 1 answer Drug Cartels are using gift cards and store value cards to smuggle drug money back and forth to Mexico, Columbia etc. So they don’t care how much they pay for gift cards.https://www.google.com/?gws_rd=ssl#q=why+do+people+pay+more+than+gift+card+is+worth 1 Share this post Link to post Share on other sites
busterbay 326 Posted November 29, 2015 money laundering comes to mind... People set up many accounts to launder their illegal money thru.... Searched online, here is 1 answer Drug Cartels are using gift cards and store value cards to smuggle drug money back and forth to Mexico, Columbia etc. So they don’t care how much they pay for gift cards. https://www.google.com/?gws_rd=ssl#q=why+do+people+pay+more+than+gift+card+is+worth Hmmm.... I will say it again Amazing. Share this post Link to post Share on other sites
jmas 119 Posted November 29, 2015 Might also be a way for people with Ebay Bucks to convert it into something more useful. Share this post Link to post Share on other sites
