Re: Why pay more than face value for a gift card With gift cards on ebay a lot of it is related to credit card fraud. People create both buyer and seller accounts and then use stolen credit card numbers to "buy" items for well over their actual value. Essentially they are just milking cash out of the stolen cards.
Why are gift card owners willing to sell their cards for a cash amount less than their face value?
People still prefer to get their card converted to cash by selling the cards to a third party, even if they receive lesser than the face value since cash gives them much greater satisfaction than a gift card.
Why do people ask for gift cards on eBay?
Scammers might offer you a work-from-home job with eBay. They'll ask you to buy gift cards for various reasons, like to confirm that the codes in the store match the codes on file. They'll ask you to give them the gift card codes so you can be reimbursed. You will not be reimbursed.
Is it legal to sell gift cards on eBay?
Sellers can list the following types of gift cards: eBay gift cards that are sold by authorized sellers. Collectible gift cards with no redemption value, as long as the listing specifies that there's no monetary amount on the card. Gift cards must still be valid and unexpired.
How much is $100 eBay gift card?
On average, the price of a $100 eBay gift card is about 70,000 – 90,000 Naira in Nigeria. Figuring out the exact amount of an eBay gift card might not be possible. There is no standard value for any gift card. So if you are planning to convert eBay gift cards to cash, you need to use the rate calculator feature.
Why do people buy gift cards in bulk?
Gift cards in bulk: Are e convenient and versatile way to show appreciation or reward individuals or groups. They are often purchased in large quantities by companies to distribute to their employees, customers, or partners as incentives, rewards, or gifts.