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YAET - Why buy Gift Card for > value?

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YAET - Why buy Gift Card for > value?

Old 09-21-07, 12:27 AM
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YAET - Why buy Gift Card for > value?

I was looking around to see if I could get a deal on these seeing as you can spend them anywhere. Then I noticed people were paying more for them than the value of the card.

Is there some mystical explanation I don't know of?

http://cgi.ebay.com/25-Visa-Gift-Car...QQcmdZViewItem
http://cgi.ebay.com/BRAND-NEW-50-VIS...QQcmdZViewItem
http://cgi.ebay.com/Brand-New-50-Vis...QQcmdZViewItem
http://cgi.ebay.com/4-47-Visa-Gift-C...QQcmdZViewItem
http://cgi.ebay.com/VISA-GIFT-CARD-5...QQcmdZViewItem
Old 09-21-07, 12:39 AM
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People are idiots...Obvious as can be, but that's all I can think of.
Old 09-21-07, 08:44 AM
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Maybe there is some ebay coupon they have for $5 off or something like that.. After shipping, they would save a buck or 2
Old 09-21-07, 08:48 AM
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People get into bidding wars all the time, where they end up paying more than the item is worth. It's that whole "fuck you, it's mine" mentality.
Old 09-21-07, 11:16 AM
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This has always baffled me, I've tried to bid on a few items, dvds, cameras, etc., where people drove the price up at or above retail, I just don't get that. Do they just not want to leave the house that bad?
Old 09-21-07, 11:19 AM
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Maybe people view paypal funds as something worth less than actual money. I know that's crazy, but they see $500 in their paypal account and think what the hell. If they were making that purchase with their check card, they could psychologically feel differently.
Old 09-21-07, 11:21 AM
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I glanced at one of the listings you posted. It's funny to see 3-4 different people bidding higher than the value of the gift card! Yeah, the only explanation that could make any sense was using a deal like Paypal ran before where you got $15 back for spending $40 (or something like that).
Old 09-21-07, 11:35 AM
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If no one else is going to point out the glaring error in the OP, I guess I have to. It's "YEAT."

And yeah, I think people go a bit crazy on eBay because, unless there's a $10 PayPal rebate or something (and there's absolutely nothing else on eBay that the person wants which would be a better deal), this makes *no* sense.
Old 09-21-07, 11:35 AM
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people buy gift cards for more than face value because they are using stolen credit cards.
Old 09-21-07, 11:37 AM
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I think Simon Malls charge $6 to buy the card to begin with. So, the people are paying pretty close to what they would pay if they went to the mall themselves. However, I'll never understand why anyone buys those gift cards anymore. Cash doesn't expire, won't depreciate in a year, and you always know how much you have to spend. With these cards (if your purchase is more than your balance) you have to tell the cashier exactly what your balance is, or your card will be declined for insufficient funds and frozen for 24 hours. Calls to inquire about your balance actually cost money after the first call or two. I haven't purchased a mall gift card since they began charging for them, but these were the terms when the program began.
Old 09-21-07, 11:46 AM
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The one gift card I can understand paying over the facevalue would be the "TiVo Lifetime Service" card. They don't sell those anymore.
Old 09-21-07, 11:51 AM
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People also buy gift cards on ebay for the feedback (potentially for ripping off others in the future).
Old 09-22-07, 10:17 PM
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Originally Posted by drmoze
If no one else is going to point out the glaring error in the OP, I guess I have to. It's "YEAT."
I dont visit this forum often enough. Sorry, mate.
Old 09-23-07, 12:16 AM
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Money laundering.
Old 09-23-07, 08:30 AM
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Originally Posted by bwvanh114
Money laundering.
I was thinking the same thing.

There's got to be some angle to this - there always is on Ebay.
Old 09-23-07, 05:24 PM
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Originally Posted by Renee
I think Simon Malls charge $6 to buy the card to begin with. So, the people are paying pretty close to what they would pay if they went to the mall themselves. However, I'll never understand why anyone buys those gift cards anymore. Cash doesn't expire, won't depreciate in a year, and you always know how much you have to spend. With these cards (if your purchase is more than your balance) you have to tell the cashier exactly what your balance is, or your card will be declined for insufficient funds and frozen for 24 hours. Calls to inquire about your balance actually cost money after the first call or two. I haven't purchased a mall gift card since they began charging for them, but these were the terms when the program began.
our mall charges $2 per card.
Old 09-23-07, 05:36 PM
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I was thining money laudnering or stolen CC's buying them, and hten dumping.

-p
Old 09-23-07, 08:03 PM
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Originally Posted by bwvanh114
Money laundering.
$50 at a time???? I don't think so....

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