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-   -   Best way to turn lots of amazon gift cards into cash? (https://gfy.com/showthread.php?t=1266823)

wankawonk 06-09-2017 01:20 PM

Best way to turn lots of amazon gift cards into cash?
 
What do y'all think?

You can turn 'em into bitcoin using things like paybis/paxful/localbitcoins, but at 20%+ premium. By the time you turn that into cash you'll have paid another 5%. Yuck.

I've heard of people making amazon sellers accounts, and selling items to themselves. But amazon will shut that down the moment they notice.

I'm thinking about just buying shit on amazon and trying to resell on ebay but it's a huge hassle to do at volume.

any other ideas?

Bladewire 06-09-2017 01:40 PM

/r/giftcardexchange

Or

Sell the card on eBay

Or

Use it on CoinStar you can put the Amazon card right in their ATM machines.

The Porn Nerd 06-09-2017 01:45 PM

I've seen a few porn sites offering prepaid and gift cards exchanged for memberships.

wankawonk 06-09-2017 02:02 PM

Quote:

Originally Posted by The Porn Nerd (Post 21823927)
I've seen a few porn sites offering prepaid and gift cards exchanged for memberships.

yeah, that's basically what I'm trying to do--use amazon gift cards as a way for users to pay me. credit card processing is prohibitively tough for a startup in the (non-adult) niche I'm getting into...pretty much no one gets a processor until they're established. So I'm looking into amazon gift cards for the interim.

Google Expert 06-09-2017 02:12 PM

did they fall off the truck?

TrashyGirl 06-09-2017 07:28 PM

Raise.com
Use the app.
Typically sellers are offering gift cards for a little less than face value.

Bladewire 06-09-2017 07:30 PM

What did you end up doing OP?

money biz 06-09-2017 07:46 PM

Quote:

Originally Posted by wankawonk (Post 21823882)
What do y'all think?

You can turn 'em into bitcoin using things like paybis/paxful/localbitcoins, but at 20%+ premium. By the time you turn that into cash you'll have paid another 5%. Yuck.

I've heard of people making amazon sellers accounts, and selling items to themselves. But amazon will shut that down the moment they notice.

I'm thinking about just buying shit on amazon and trying to resell on ebay but it's a huge hassle to do at volume.

any other ideas?


If you actually have the cards you can flip them on ebay really easy. If you just have the number you can buy gold or silver and flip it.

EddyTheDog 06-09-2017 07:59 PM

If it's non-adult can't you use PayPal or something similar?..

Or am I missing something obvious.....

OneHungLo 06-09-2017 08:48 PM

Quote:

Originally Posted by wankawonk (Post 21823957)
yeah, that's basically what I'm trying to do--use amazon gift cards as a way for users to pay me. credit card processing is prohibitively tough for a startup in the (non-adult) niche I'm getting into...pretty much no one gets a processor until they're established. So I'm looking into amazon gift cards for the interim.

lol What's the niche you're in?

Bladewire 06-09-2017 09:00 PM

Quote:

Originally Posted by OneHungLo (Post 21824539)
lol What's the niche you're in?

You didn't see his BHW posts? :1orglaugh

wankawonk 06-09-2017 09:25 PM

Quote:

Originally Posted by Bladewire (Post 21824551)
You didn't see his BHW posts? :1orglaugh

New niche, actually. I'm taking a lot of what I've banked running aggregators and starting a cannabis delivery service in cali. Thanks, porn!

Banks and credit card processors don't fuck with new cannabis businesses. you need to be established.

Bladewire 06-09-2017 09:58 PM

Quote:

Originally Posted by wankawonk (Post 21824572)
New niche, actually. I'm taking a lot of what I've banked running aggregators and starting a cannabis delivery service in cali. Thanks, porn!

Banks and credit card processors don't fuck with new cannabis businesses. you need to be established.

Business code 446191 and you're good to go :thumbsup

Where in Cali?

brassmonkey 06-09-2017 10:03 PM

send them to me

wankawonk 06-09-2017 11:14 PM

Quote:

Originally Posted by Bladewire (Post 21824599)
Business code 446191 and you're good to go :thumbsup

Where in Cali?

Hah, if only it were that simple >.< I'm finding out that cannabis is a significantly harder and more confusing business to get into than porn.

Bay area.

wankawonk 06-09-2017 11:17 PM

Quote:

Originally Posted by TrashyGirl (Post 21824455)
Raise.com
Use the app.
Typically sellers are offering gift cards for a little less than face value.

Thanks for the Raise suggestion. I took a look and they have a partner program for bulk sellers, which is exactly the kind of thing I'm looking for. And it turns out they have a few direct competitors with similar programs. So I think you might have just solved my problem; thank you!


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