GhostOfAmazon | 06-27-2017 10:10 PM | Re: Selling gift cards Not the same, but related.
Several years ago I used to sell Xbox codes on eBay for the very popular game Halo 4.
Long story short there were several different armor skins that were exclusive to each retailer. Wal-Mart had one, Best Buy had one, etc.
Anyways, I found a guy online who had hundreds of all of them, and he sold them to me for about 2 dollars each code. The codes I sold individually from 5 up to 60 dollars EACH.
I sold THOUSANDS in total. I probably had a dozen or so TOTAL people try to scam me, out of THOUSANDS. I actually think it was less than that, but I'm erring on the side of caution.
Now, I wasn't really worried, because if someone says "Item not Received" I just printed out the code, stuck it in an envelope, shipped it with SIGNATURE CONFIRMATION, and put a photo of my hand with a middle finger sticking up inside as a little bonus too. I won every case.
Even if I lost them, I was paying so little and had such high margins that it wouldn't have hurt me.
Gift cards are a different product, but the risk is the same, IMO. The difference is the buyers. Are gift card buyers more likely to be scammers? Probably. Just watch your back and you should be ok, my 2 cents. |