So I decided to look around at 360 stuff on Ebay and noticed that 1600 point cards are selling for more than you can buy them for at a store, or even through the dashboard. Why would anyone buy these at this price?

$24.49 for 1600 = 15.30 cents/point

At 13.37 cents/point through the dash or a B&M store, why in the Hell would anyone buy 'em on Ebay? Obviously you can connect to the dashboard store if you're buying points, so why not just get them there? I'm talking about the one's that use the BIN, not the bidders, who seem to get them for around $16-$19.

Am I missing something here?

A lot of stuff like that gets sold to areas where you can't get them. I know a lot of people buy other stuff at a premium if they have international shipping and the area can't get them.

Some people are dumb on Ebay and fall for it?

True, but you can buy them through the dashboard at 13.37/point, and if you're buying cards for online, you can buy stuff from the dashboard.

Well you can't buy them on the dashboard if you don't live in a supported region I believe because you can't enter a credit card from other regions.

I know some people that treat the money in their Paypal account as though it's not real money. They sell some old junk on eBay, and use the Paypal cash to buy overpriced crap. It reminds me of the times I've been up at a table in Vegas and tipped the waitress a $25 chip.