Author Topic: best way to cash out visa gift cards  (Read 8254 times)

Offline HelpMe

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Aug 2011
  • Posts: 3468
  • Total likes: 40
  • DansDeals.com Hat Tips 1
    • View Profile
Re: best way to cash out visa gift cards
« Reply #20 on: August 03, 2011, 03:20:51 AM »
Amazon Payments will work for 1k/mo with no fee. Make sure the accounts are in different names and addresses. It would also be prudent to only send payments one way. The problem is you have to keep adding new CC #’s.
"Elvis Has Left The Building"

Offline Swizard210

  • Dansdeals Silver Elite
  • **
  • Join Date: May 2011
  • Posts: 87
  • Total likes: 0
  • DansDeals.com Hat Tips 0
  • Gender: Male
    • View Profile
  • Location: LAX
  • Programs: AA Lifetime Gold, DL Silver Medallion, SPG Gold
Re: best way to cash out visa gift cards
« Reply #21 on: August 03, 2011, 03:36:03 AM »
When you say send 1-way payments only, do you mean 1. NOT to send payments back and forth between two accounts, or 2. never receive money?
For example, do you consider the following as an one-way payment:
Account 1 sends $1000 to Account 2
Account 2 sends $1000 to Account 3
Account 3 sends $1000 to Account 1
Here, each account is sending and receiving $1000, but none are sending and receiving to/from the same account.

Offline HelpMe

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Aug 2011
  • Posts: 3468
  • Total likes: 40
  • DansDeals.com Hat Tips 1
    • View Profile
Re: best way to cash out visa gift cards
« Reply #22 on: August 03, 2011, 03:47:59 AM »
When you say send 1-way payments only, do you mean 1. NOT to send payments back and forth between two accounts, or 2. never receive money?
For example, do you consider the following as an one-way payment:
Account 1 sends $1000 to Account 2
Account 2 sends $1000 to Account 3
Account 3 sends $1000 to Account 1
Here, each account is sending and receiving $1000, but none are sending and receiving to/from the same account.
Never send payments back and forth. It would be best not to send and receive in a loop. In your example once #3 sends money to #1 all three accounts are now linked. If #1 sent to #2 and #3 sent to #1 you would be OK since there is no link. I am not saying your accounts would be shut down in your example but it would increase the risk of it happening.
"Elvis Has Left The Building"

Offline Swizard210

  • Dansdeals Silver Elite
  • **
  • Join Date: May 2011
  • Posts: 87
  • Total likes: 0
  • DansDeals.com Hat Tips 0
  • Gender: Male
    • View Profile
  • Location: LAX
  • Programs: AA Lifetime Gold, DL Silver Medallion, SPG Gold
Re: best way to cash out visa gift cards
« Reply #23 on: August 03, 2011, 05:07:06 AM »
Never send payments back and forth. It would be best not to send and receive in a loop. In your example once #3 sends money to #1 all three accounts are now linked. If #1 sent to #2 and #3 sent to #1 you would be OK since there is no link. I am not saying your accounts would be shut down in your example but it would increase the risk of it happening.

Sounds good, thank you for the clarification!