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Originally Posted by MaxVO
(Post 23401499)
Wow, very juicy opportunities for arbitrage indeed! I bet the system in those countries is constantly adjusting, while folks continue to invent ways to game the changing rules (just like we do).
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Originally Posted by MaxVO
(Post 23401499)
Wow, very juicy opportunities for arbitrage indeed! I bet the system in those countries is constantly adjusting, while folks continue to invent ways to game the changing rules (just like we do).
Unless you can find ways around this. Maybe you are a Venezuelan pilot traveling every other day to the US ;) |
This is completely OT but due to the limit I don't think Venezuela is in play. Now Argentina is a different story. The spread is not as big as Venezuela but there is not much limit except for the CC limit so you can easily make 30+% off that limit (not sure if you can turn over that limit several times in a billing cycle). As a matter of fact our Argentina contractors execute this (buy OV and cash out) for every trip they make to the U.S. Free money to them since their trip is already paid for.
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Originally Posted by andres17
(Post 23405258)
Wouldn't the flight ticket expense makes this a negative margin endeavor? I think if you HAVE to travel, then this minimizes your travel cost. But still, you are not making money. You are just spending less.
Unless you can find ways around this. Maybe you are a Venezuelan pilot traveling every other day to the US ;) If they came here and bought $2,500 in GC for 6.3 VEF (Bolivar) to USD, they would pay 15,750 VEF for 2,500 USD. If they converted and took that money home, that USD is worth 60-75,000 VEF on the black market. They profit tens of thousands in VEF after flight costs in a country where the yearly minimum wage is 4,500 VEF. |
Originally Posted by MaxVO
(Post 23401499)
Wow, very juicy opportunities for arbitrage indeed! I bet the system in those countries is constantly adjusting, while folks continue to invent ways to game the changing rules (just like we do).
I can see it being amazingly profitable for someone who knows what they're doing to buy VRs in the states for use there. |
Searched thread to see if you can go to multiple CVS stores and make purchases. Didn't see anything. i.e.- go to CVS #1 and purchase $5k then go to another store within 30 minutes and purchase $5k. Or is this not allowed as they scan your ID and limits you at all CVS's for 24 hours? Then an you use a passport at one then a drivers license at another?
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Originally Posted by Allamerathlete
(Post 23439331)
Searched thread to see if you can go to multiple CVS stores and make purchases. Didn't see anything. i.e.- go to CVS #1 and purchase $5k then go to another store within 30 minutes and purchase $5k. Or is this not allowed as they scan your ID and limits you at all CVS's for 24 hours? Then an you use a passport at one then a drivers license at another?
You can buy under $1k at the other stores but that's it. |
I prefer to use my birth certificate and show them the bottom of my foot.
Originally Posted by Allamerathlete
(Post 23439331)
Then an you use a passport at one then a drivers license at another?
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Originally Posted by Allamerathlete
(Post 23439331)
Searched thread to see if you can go to multiple CVS stores and make purchases. Didn't see anything. i.e.- go to CVS #1 and purchase $5k then go to another store within 30 minutes and purchase $5k. Or is this not allowed as they scan your ID and limits you at all CVS's for 24 hours? Then an you use a passport at one then a drivers license at another?
Limit $5000 of card face value per 24 hour rolling period. Limit of 10 cards per 24 hours. |
Originally Posted by Allamerathlete
(Post 23439331)
Searched thread to see if you can go to multiple CVS stores and make purchases. Didn't see anything. i.e.- go to CVS #1 and purchase $5k then go to another store within 30 minutes and purchase $5k. Or is this not allowed as they scan your ID and limits you at all CVS's for 24 hours? Then an you use a passport at one then a drivers license at another?
2) If any cvs scans your DL, it goes in their system. |
My go to CVS was all out of OVs, first time I have ever seen them all gone. Either someone cleared them out or they are no longer stocking them. Time to visit the further CVS.
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Originally Posted by kannon99
(Post 23440413)
My go to CVS was all out of OVs, first time I have ever seen them all gone. Either someone cleared them out or they are no longer stocking them. Time to visit the further CVS.
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Originally Posted by 22calbr
(Post 23439663)
I prefer to use my birth certificate and show them the bottom of my foot.
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Lol, nice pun, I think.
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Anyone had luck using OV for MO?
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