Originally Posted by
Mamibear
Anything is possible but from slack app discussions I've read those who have recently tried have been shutdown a month or so after getting approved for a corporate account. These were MSers who drained the $1K GCs in one swipe and obviously Sim0n didn't like it. I'm just wondering how come they are well aware of "gamer's activities" and how those $500s are drained and have tolerated this, but when it comes to corporate VGCs, they are non tolerant of "abuse"?
It could be due to compliance requirement from the AML laws. That is why you always write down personal use on the form that Simon requires.
Most likely if a "corporation" purchases GCs then immediately drain it into cash-like form would change the business nature of the "corporation" by the virtual action, to some businesses that are subject to more regulation. And the supplier of the gift card, in this case, Simon Mall, is required to "know" their corporate customers of their businesses before they approve such accounts.
It is really no different in essence why Chase does not let you deposit cash to other people's accounts but your own, with ID proof. Just an example. All these are to satisfy the AML law requirements on compliance.