Originally Posted by
jw713
The same is true for gift cards. I often see gift cards for $500 listed BIN for $485. It's usually the same sellers selling cards over & over. Not only are they taking the $15 hit, but there are the ebay fees too. I have no idea how they're coming out ahead.
Sometimes the gift cards are obtained through "rebate" programs (like MyPoints) or other "incentive" programs. The seller received them "in kind" for activity of some sort, and now is trying to monetize them.