Have you sold on Plastic Jungle?

[bem684]

I am thinking about buying some GCs and selling them on plastic jungle for a small loss in order to spend 9k on two *wood cards.  I am wondering if I am likely to sell my cards on there if there are already 40 or 50 cards for this store.  I don't want to undercut the current seller if I don't need to.  Anyone know how fast cards will sell if they are for a major retail chain?

[Saver2000]

I am thinking about buying some GCs and selling them on plastic jungle for a small loss in order to spend 9k on two *wood cards.  I am wondering if I am likely to sell my cards on there if there are already 40 or 50 cards for this store.  I don't want to undercut the current seller if I don't need to.  Anyone know how fast cards will sell if they are for a major retail chain?

I've sold many gc's to pj. The way it works is they buy the card from you and pay at time of purchase (they have a number of different payment options,  e.g. paypal, check by mail.) Then the card goes up for sale on their site-- it has nothing to do with you if it selks or not. They paid you already and it is now owned by them. Since it is being sold by them, they choose the selling price, as therefore there is no sych thing as you going ahead and undercutting somebody else.
Hope this helps. Feel free to ask any additional questions.

[bem684]

wow sounds even better than I thought.  thanks!  I was under the impression it was just basically an eBay for gift cards.

[ticketmaster]

Keep in mind when they lets say sell a gift card at 5% less they need to be making money on it so they are paying less for them.
A $50 Target gift card sells for 3% off at $48.50.
You have the option of either getting an Amazon gift card for $47.78 or check/paypal for $45.50.
Also if I were you spread out where you buy gift cards from they dont always take gift cards for all stores

[PlatinumGuy]

just get amex gc's and upload with the square app

[Saver2000]

just get amex gc's and upload with the square app

Pj doesn't buy amex gc's

[smurf]

Pj doesn't buy amex gc's

Thus he said

just get amex gc's and upload with the square app

[bem684]

Isn't it a FR risk to buy amex gcs on an amex cc?

[elikay]

Isn't it a FR risk to buy amex gcs on an amex cc?

Indeed

[Dan]

It's also an FR risk if you sneeze too often.

[voldemort]

speaking of square app has anyone used a fake ss# to sign up?

[Saver2000]

just get amex gc's and upload with the square app

can u explain? You mean to  upload it towards payment for a gc?

[PlatinumGuy]

can u explain? You mean to  upload it towards payment for a gc?

no you 'upload' tpo your bank account. Square is an app that processes cc transactions and charges 2.75%. you get the app, link to your bank acct, then 'charge' your gc.
 

[Saver2000]

no you 'upload' tpo your bank account. Square is an app that processes cc transactions and charges 2.75%. you get the app, link to your bank acct, then 'charge' your gc.

Now that you've explained what u meant,  wat does that have anything to do with the op's question?? Plastic jungle doesn't buy or sell amex gc's.

[skyguy918]

How can you verify beforehand how much you can get for the GC of a particular store. For example, if I have a bunch of choices of which store's GC I want to receive and then sell on PJ, how would I know without having the GC number how much I'd be able to get for it. It says "up to X%" but that's not very clear.

[Jkhein]

By starting a process to sell cards to them, you should get the exact info.

[smurf]

By starting a process to sell cards to them, you should get the exact info.

+1
you'll get their offer before you actually have to enter a gc number

[bubbles]

+1
you'll get their offer before you actually have to enter a gc number

I think when they re-did the site recently they might have changed that

[mguy]

I think when they re-did the site recently they might have changed that

I too have encountered this - that I need to enter a giftcard number in order to get a quote. But there are other sites out there that give a quote without the number - for example: https://www.giftcards.com/merchant/sell_card.html. But I don't know how their rates compare.

[skyguy918]

I think when they re-did the site recently they might have changed that

That sounds more accurate

I don't have a GC yet, and it asks for a gift card number before showing you a price. I'm looking in to which GC's I can get from Discover points that would net the most cpp. For example, you can redeem $40 in Discover points for $100 in Hyatt GCs which PJ says they'll pay up to 87.15% on. If they pay that full % that would be almost 2.2 cpp, a good haul for Discover points.

I'll check out some other sites, I guess.