How not to save money buying gift cards on eBay!
Can someone please explain to me something that I’ve noticed on eBay? I saw an item of Amazon.com that I was interested in, but could not justify the expense to myself. I got to thinking of ways I could lower the cost such as cashing in little contest and survey points for amazon certificates and also looking on eBay for people selling their gift cards.
For a variety of reasons such as people winning the gift cards in contests and wanting to turn them into cash, people will auction off their gift cards and you can often get them for about 80% of the face value depending on the card. Looking at the Amazon.com certificates listing though, I was noticing people bidding up to the face value or even more for the cards. Where is the point in bidding $31 for a $30 amazon.com certificate? Why not just go to Amazon or whatever store and buy one and save the extra cash? Personally unless I’m saving 15-20% off the face value, I don’t really find it worth the hassle and potential risk of buying the certificates off eBay.
I guess maybe if you’re using a stolen paypal account or are just dumb, it doesn’t matter how much you bid, but anyone have any idea what the reasons would be for people paying face value or more for gift cards on eBay is?