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re: Card churners & MS Explain why on Ebay walmart cards go for more than cost?

Posted on 2/10/16 at 7:03 pm to
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 2/10/16 at 7:03 pm to
Money laundering would make them cheaper, no?
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 2/10/16 at 7:04 pm to
I'm guessing it's so that you can churn sign up offers.

Buy cards on eBay, collect sign up bonus, sell cards on EBay.
Posted by TigerintheNO
New Orleans
Member since Jan 2004
41254 posts
Posted on 2/10/16 at 9:41 pm to
quote:

Money laundering would make them cheaper, no?


buyer not seller is taking the discount-

Got 20K can't bank, gift cards are good as cash. Show up at Target tyring to buy 20k in gift cards will have a camera on you.
They need a seller that will take money orders for payment. The buyers don't even want the gift cards, they want the codes on the gift cards emailed to them.

You are able to laundry money at least 90 cents on the dollar, and their is no physical evidence.
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