Originally Posted by
prasha11
why ignoring any potential Paypal & shipping fees?
so What's your math????? 10-2=9?
Because you do already a loss of 1% just after the ebay fee if you buy a $100 Costco gas card for $100 and sell it for $110 at ebay. Any other fee will make it a bigger loss.
Originally Posted by
ChurningMan
Am I missing something? Who would buy a $100 Gift Card for $110? I figured if u buy a $100 Gift Card, the most u could sell for wuold be $95, or theoretically $99.99 without 'losing', but then u factor in time, fees, shipping, potential scam buyers/returns, etc.
What is MGF? I assume VGF is vanilla gift card?
People pay more for a Costco Cash Card (not for other Giftcards from Costco) since they don't need to buy a Costco membership this way. And if they pay the majority with cash the $100 card lasts a long time. If you use it for gas, and depending on the area and the gas prices around it, it can pay off quickly.
MGF is usually Mastercard Gift Card
Originally Posted by
cashcyclone
My math was $100 card bought for $80 and sold for $100. I included 3% PayPal fees but no shipping ~$2. If you can sell it for $110, 17% profit might be worth the risk involved.
How do you buy a $100 Costco Cash card for $80?