Author Topic: Buying gift cards for more than value?  (Read 7336 times)

Offline moishh

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Buying gift cards for more than value?
« on: January 24, 2011, 03:29:34 PM »
Anyone have a good explanation of why amazon gift cards (or really most gift cards) are being sold for way more than their face value? For example. I saw someone selling (and people bidding on) a $100 amazon gift card for $118.  Am I missing something?

Online crownsbroyal

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Re: Buying gift cards for more than value?
« Reply #1 on: January 24, 2011, 03:31:10 PM »
Could be money laundering

Offline AsherO

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Re: Buying gift cards for more than value?
« Reply #2 on: January 24, 2011, 03:32:14 PM »
Anyone have a good explanation of why amazon gift cards (or really most gift cards) are being sold for way more than their face value? For example. I saw someone selling (and people bidding on) a $100 amazon gift card for $118.  Am I missing something?

I've often wondered the same thing.
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Offline Yordai Dooma

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Re: Buying gift cards for more than value?
« Reply #3 on: January 24, 2011, 04:18:07 PM »
Anyone have a good explanation of why amazon gift cards (or really most gift cards) are being sold for way more than their face value? For example. I saw someone selling (and people bidding on) a $100 amazon gift card for $118.  Am I missing something?

Its about time someone asked it here on DDF. Its been asked over and over again on every other forum out there. Have yet to see a good answer


Offline Yellow

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Re: Buying gift cards for more than value?
« Reply #4 on: January 24, 2011, 04:22:50 PM »
I too have always wondered this

Offline MisterHock

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Re: Buying gift cards for more than value?
« Reply #5 on: January 24, 2011, 04:52:36 PM »
Some possible reasons...

1) Person in Europe want to buy products off US Amazon but don't want to deal with credit card or banking currency conversion fees or the address verification.

2) Person would like to purchase an item from Amazon anonymously

3) Person has an ebay or paypal discount code so he really end up paying less than face value


Offline AsherO

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Re: Buying gift cards for more than value?
« Reply #6 on: January 24, 2011, 04:56:04 PM »
Some possible reasons...
1) Person in Europe want to buy products off US Amazon but don't want to deal with credit card or banking currency conversion fees or the address verification.
2) Person would like to purchase an item from Amazon anonymously
3) Person has an ebay or paypal discount code so he really end up paying less than face value

1) Amazon US ships to EU?
2) If they're having it shipped to themselves, how would it be anonymous with a GC?

I still think it's hard to explain how this happens so often on eBay.
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Offline MisterHock

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Re: Buying gift cards for more than value?
« Reply #7 on: January 24, 2011, 04:59:07 PM »
1) Amazon US ships to EU?
2) If they're having it shipped to themselves, how would it be anonymous with a GC?

I still think it's hard to explain how this happens so often on eBay.

1) I belive they do
2) PO box?

And yeh i agree that it generally doesnt make to much sense, im just throwing some ideas out there...

Offline elikay

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Re: Buying gift cards for more than value?
« Reply #8 on: January 24, 2011, 05:36:39 PM »
When there was bing cashback, there was a simple explanation.

Offline Yordai Dooma

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Re: Buying gift cards for more than value?
« Reply #9 on: January 24, 2011, 06:01:15 PM »
When there was bing cashback, there was a simple explanation.
+1
Good times...

Offline moishh

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Re: Buying gift cards for more than value?
« Reply #10 on: January 24, 2011, 06:23:23 PM »
as a side point..anyone have any idea where I can buy amazon gift cards at LESS than face value?  I got one from livingsocial when they had that deal a few days ago, and I am regretting not getting more.  I live on amazon....any ideas??

Offline danielz

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Re: Buying gift cards for more than value?
« Reply #11 on: February 06, 2011, 10:59:50 AM »
I always buy Amazon gift cards for a few bucks more than face value. Ever since I was banned from Amazon, it is the only way I can buy from them. I have all the stuff shipped to my next door neighbor so that they won't know it's me.

Offline lubaby

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Re: Buying gift cards for more than value?
« Reply #12 on: February 06, 2011, 11:28:05 AM »
I always buy Amazon gift cards for a few bucks more than face value. Ever since I was banned from Amazon, it is the only way I can buy from them. I have all the stuff shipped to my next door neighbor so that they won't know it's me.

Off topic:
Nu, so what did you do to get banned? (we don't want to make the same mistakes)

Offline elikay

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Re: Buying gift cards for more than value?
« Reply #13 on: February 06, 2011, 11:34:36 AM »
If you really trust your neighbor why don't you apply for a cc using their address and then add an authorized user and use that CC.

Offline Dan

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Re: Buying gift cards for more than value?
« Reply #14 on: February 06, 2011, 11:53:18 AM »
I always buy Amazon gift cards for a few bucks more than face value. Ever since I was banned from Amazon, it is the only way I can buy from them. I have all the stuff shipped to my next door neighbor so that they won't know it's me.
My local grocery stores all sell Amazon GCs at a discount.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline danielz

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Re: Buying gift cards for more than value?
« Reply #15 on: February 06, 2011, 12:08:04 PM »
Off topic:
Nu, so what did you do to get banned? (we don't want to make the same mistakes)
I can't say; I'm afraid they'll figure out that I'm still using them.

Offline Deal Guy

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Re: Buying gift cards for more than value?
« Reply #16 on: February 06, 2011, 04:15:57 PM »
My local grocery stores all sell Amazon GCs at a discount.
Any bigger chain stores in NY/NJ as well? I would love to find some as well.

Offline Dan

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Re: Buying gift cards for more than value?
« Reply #17 on: February 06, 2011, 04:26:33 PM »
Any bigger chain stores in NY/NJ as well? I would love to find some as well.
No clue.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline aaa

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Re: Buying gift cards for more than value?
« Reply #18 on: February 09, 2011, 08:41:08 PM »
My local grocery stores all sell Amazon GCs at a discount.

Which? And what discount? Thanks

Offline Dan

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Re: Buying gift cards for more than value?
« Reply #19 on: February 09, 2011, 10:02:21 PM »
Got a $600 Legacy Village GC for $500.
Bought a $600 Amazon GC and got $2.40 in fuelperks x 30 gallons =$72 in free gas.
So $500 got $600 at Amazon and $72 in gas.

Marc's also sells GCs at a discount.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.