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Old Feb 3, 2013 | 9:14 pm
  #10  
MaineFlyer16
All eyes on you!
20 Years on Site
 
Join Date: Aug 2002
Location: New Hampshire
Programs: AA Platinum, Marriott Gold, Everything else: Dirt
Posts: 805
I've been doing it for 2 plus years to cash out prepaid cards. Only downside is you get a 1099-K for any number of transactions (NOT the 200/20K like paypal or Amazon), which takes some creative accounting (and explaining) to negate. My rate is 1.7% for visa and mc gift cards.
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