Originally Posted by
Prometheus77
I can't argue that it's a good return, but my opinion is that it is not sustainable long term as it looks too suspicious to not draw attention and get shut down.
MSing via VGCs and MOs was never intended to be a job you could make a living off of. The survivability of the process is dependent on staying under the radar.
I agree with this mostly. Staying under the radar is fairly objective. Since I've started one of the stores that I used to buy MOs at switched to cash only. And it appears to be chainwide so I doubt I was the cause of it. SO, I could have avoided that chain for weeks and still have the same thing happen.
I am by no means quiting my day job. I would guess that after taxes (for my day job) both my hobby and my day job are probably netting me around the same amount of money. So, I'm happy for the moment, but I know it could end at the drop of a hat. I only started this back in January and I didn't go all out until February. Big 3 risks for me are
1) CC company catches on
2) All my banks get shutdown - This is slowly happening
3) WM stops letting me buy MOs
4) kroger stops letting me buy GCs
I'm actually very low risk for 2 - 4 even though I'm doing large amounts.
I would tell anyone that would want to ramp up like me that you better be very organized. Because it can get very confusing with all of the deposits, moving money around, etc.