Gift Card Arbitrage - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home > Platform Discussions > eBay Discussion! > eBay Managed Payments

eBay Managed Payments Discussions related to eBay Managed Payments

Reply
 
Thread Tools
  #1  
Old 01-16-2020
Junior Member
 
Join Date: Jan 2020
Posts: 1
Thanks: 0
Thanked 1 Time in 1 Post
Activity: 0%
Longevity: 24%
iTrader: (0)
Default Gift Card Arbitrage

Came across various sites/forums where you can buy discounted ebay/walmart cards 25-30% off. Was thinking about arb'ing this scenario by listing random products from a legit ebay seller account. When customers order my "products", I would open a stealth buyer account, order the identical product from another vendor (another ebay seller, or possibly from walmart.com) and reenter my customers shipping address as the final destination. No inventory risk, and very little work required on my end. Sure, I pay 12% ebay seller fees but my profit still comes out to 13-18%.

Surely I'm not the first person who's came up with this idea. Can anyone point holes in my logic where I might run into issues?
Reply With Quote
The Following User Says Thank You to jamesjohnjoe For This Useful Post:
tigerlite (09-05-2020)
The complete step-by-step guide to get back to selling today!

  #2  
Old 01-26-2020
Senior Member
 
Join Date: Jun 2018
Posts: 159
Thanks: 7
Thanked 30 Times in 26 Posts
Activity: 0%
Longevity: 33%
iTrader: (0)
Default Re: Gift Card Arbitrage

Those cards aren’t physical
They are carded, ie. purchased from stolen credit cards
Easy chargebacks
Reply With Quote
  #3  
Old 01-26-2020
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 75,843
Thanks: 5,925
Thanked 8,908 Times in 8,201 Posts
Activity: 99%
Longevity: 83%
iTrader: (7)
Default Re: Gift Card Arbitrage

Welcome to the forum - all the best as you master stealth

Reply With Quote
  #4  
Old 01-26-2020
agent006140's Avatar
Senior Member
 
Join Date: Jul 2018
Posts: 12,078
Thanks: 1,621
Thanked 1,098 Times in 1,034 Posts
Activity: 88%
Longevity: 33%
iTrader: (0)
Default

retail arbitrage is rampant on Ebay,you will be shut down once they find out-
definition of retail arbitrage per Ebay-
accepting money from a retail customer on Ebay,use his money to place order with another retailer and ask him to ship .
In your case ,I assume you would be using his money to buy discount giftcards,you are running extra risk as these cards could be fraudulent.

if it sounds too good to be true,then it is.
WMT cards ,you can shop at WMT,why would anyone sell them at steep discount.

There are legit gift cards for sale,not at such a discount,but 5-15%
I apply for a credit card with UAL and spent $3k,I earned enough miles to redeem them with Lowe and end up with 4 LOWE gift cards -$50,$50,$50 and $57(total $207).
Since it costs me nothing,I can sell them at discount on Ebay.
But I need a dishwasher so I used it towards purchase of a dishwasher.
UAL miles can be redeemed for merchant gift cards .

There are some flyers sitting on 6-7 figures of airline miles,with COV19 ,they could redeem these miles for merchant gift cards and sell them on Ebay.

Last edited by TGMT²; 10-02-2020 at 02:22 AM.
Reply With Quote
  #5  
Old 01-31-2020
Junior Member
 
Join Date: Feb 2018
Posts: 103
Thanks: 2
Thanked 14 Times in 13 Posts
Activity: 0%
Longevity: 35%
iTrader: (0)
Default Re: Gift Card Arbitrage

Selling digital items and an especially Amazon gift cards are the quickest way to get banned.

Your plans sound good but in reality, you will not last more than 1week running this operation.
Reply With Quote
  #6  
Old 02-13-2020
Junior Member
 
Join Date: Oct 2015
Posts: 18
Thanks: 1
Thanked 2 Times in 2 Posts
Activity: 0%
Longevity: 49%
iTrader: (0)
Default Re: Gift Card Arbitrage

Your plans sound good but in reality, your account will suspended
Reply With Quote
  #7  
Old 02-20-2020
Junior Member
 
Join Date: Dec 2017
Posts: 1
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 36%
iTrader: (0)
Default Re: Gift Card Arbitrage

New ebay account can't use gift card who can help me
Reply With Quote
  #8  
Old 09-05-2020
Junior Member
 
Join Date: Feb 2014
Posts: 99
Thanks: 98
Thanked 8 Times in 7 Posts
Activity: 0%
Longevity: 59%
iTrader: (0)
Default Re: Gift Card Arbitrage

Quote:
Originally Posted by jamesjohnjoe View Post
Came across various sites/forums where you can buy discounted ebay/walmart cards 25-30% off. Was thinking about arb'ing this scenario by listing random products from a legit ebay seller account. When customers order my "products", I would open a stealth buyer account, order the identical product from another vendor (another ebay seller, or possibly from walmart.com) and reenter my customers shipping address as the final destination. No inventory risk, and very little work required on my end. Sure, I pay 12% ebay seller fees but my profit still comes out to 13-18%.

Surely I'm not the first person who's came up with this idea. Can anyone point holes in my logic where I might run into issues?
Can you list the sites
Reply With Quote
  #9  
Old 10-01-2020
Junior Member
 
Join Date: Jun 2016
Posts: 7
Thanks: 5
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 45%
iTrader: (0)
Default Re: Gift Card Arbitrage

25-30% off gift cards are absolutely illegal. I wouldn't touch them.

The 'legit' sellers of discounted gift cards have to buy in such a high level of bulk that they have to put out six to seven figures to buy enough to get a discount of 7-9% off. They then resell them to other high usage amazon gift card players at 2-4% off. It's a massive investment up front that nets a very good overall profit for just having the money.

Amazon is very strict on gift card resellers, too. You have to have a web presence (giftcard.com) or a brick and mortar presence. They don't sell them to just anyone. I imagine other big vendors have similar restrictions.

FBI also monitors this stuff as it's a prime way to launder money.

I would say that unless you're a high roller with seven figures to play with, stay away.
Reply With Quote
Reply



Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Paypal Digital Gift E-gift card joke farawayland PayPal Talk 1 09-18-2015 01:36 PM
PayPal says i need to confirm my vanilla visa gift card by checking the card statemen ddodson PayPal Talk 5 09-14-2014 06:05 AM
Gift cards that work? Canadian gift card, address with us bank? randomhiccups Paypal Limited 1 11-05-2008 06:16 PM
Which virtual card/ Gift card for verifying ebay sellers account? jonathanmr UK eBay Suspensions 2 09-16-2008 12:29 PM


Aspkin Group

All times are GMT -5. The time now is 07:15 AM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58