What was funny is how I sent one guy a PM about how it does not exist and I got 25 other PMs asking how to do it.

The $2 bill gig is a FT Underground joke.

Yeah, I was one of those suckas...lol

What's worse, is the guy you sent a PM to is getting about 25 PM's asking what you told me

Guys, this is a Bing Cashback deal. Bing cashback doesn't exist anymore, doubtful you'll make this profitable now, and certainly not something you can consistently repeat.

Folks who PM'd me, sorry for not giving a reply, but, I have no desire to send out 25 personalized replies. The answer has been given. The $2 deal as I (and mrpickles) know it doesn't exist. And when it did exist, it wasn't very good, coins are still superior. Also, the way they were taking advantage of the bing cashback, it shouldn't be called a '$2 deal' because all it was about was generating a transaction that generated more cashback than fees you paid. You could have been selling 'anything' (to your self). More of a 'sham transaction for cashback' deal than anything else.

So please, no more PM's.

When "it did exist" it yielded far more results than coins ever have.

These weren't sham transactions. They were purchased from legit currency dealers/collectors following all ebay policies to the best of my knowledge.

Buying and selling of gold bullion was very popular and widely talked about on many different forums to take advantage of cashback and rebates.

Yes, when Bing Cashback was great, especially the good old days when the max rebate was $250 instead of $200, and the percent was 35%. 8% not so exciting.

Still don't know why you call it the '$2 bill scheme'. I'd call it the 'bing cashback scheme' instead. But, I guess you wanted to impress us and pretend you had an original idea or something. Had you said 'bing cashback' instead you would have not seen all of these people sending PM's all over the place asking about the '$2 bill deal'. I guarantee you that more than 90% of people here already knew about bing cashback. But when you call it a "$2 bill scheme" so you can pretend you're clever and found something new, you get lot's of people asking questions about a "$2 bill scheme".

For the record, I was one of those guys who bought bullion. But, I guarantee you when BCB was only 8% it wasn't worth it. Better off going to a trusted discount broker like apmex, coloradogold or bulliondirect. Most of the ebay coin dealers marked up their prices over spot rate to exactly match whatever the bing rebate was. Nonetheless good deals could be found, but, certainly NOT with consistency as the coins. Also, assuming you didn't create new ebay accounts and bing accounts, you were limited in the number of cashback transactions AND yearly cashback. When the coins were at their best, there was no limit on rebates other than your credit line and the suspension of your truck.


lmfao:
http://www.flyertalk.com/forum/13467291-post8044.html
If not 'sham transactions' what do you call it then?

At any rate, I don't care. Glad you made it work. I would not waste my time with that for an 8% rebate that barely covers the ebay and paypal fees, AND at the risk that ebay/bing/paypal figures this out and denies your rebate.


Regardless, back to my main point, you were describing the "bing/live cashback deal", NOT "a $2 bill scheme". I made the bing/live cashback work very well for myself, thank you. And didn't limit my creativity to $2 bills.

I'm glad you took the time to look up my old posts

I'm sure you're a great guy and I don't want to argue with you. I posted the photo as a joke and I guess that can come off as bragging, I apologize for getting anyone excited over it, that was bad on my part.

The bing cashback and ebay wasn't really about how much one could make off of the rebate, because you are correct after the fees and shipping there wasn't much left. But... if you purchased $2,500 worth of product you would get the maximum $200 cash back. The 8% was in fact a better rate to buy $2 bills because you would increase the amount spent.

The difference between what I was doing and what you were doing which you may or may not find original... was that if using $2 bills there was a quick turn around time to free up credit. I also did not have to re-sell the items, I have not read the details of what people do after they buy and receive the gold.

Each transaction of $2,500 of spending yielded: $50 ebay gift certificate, $30 cash back, as well as points or cashback on the credit card. One was also not limited to the amount of purchases on ebay, just the maximum yearly allowed per bing account. Also, the weight and packaging of the $2 bills meant that you could process these things without having a truck to move or use employees to unpack (props to mrpickles on that one).

I was trying to come up with ideas last December when the shipping delays from the mint were very long or they stopped shipments all together. I did have a bad idea which I sent a PM to a member about. I will agree that after reading more info that it may have not met ebay's policies, but I found that purchasing the bills on my own worked out fine and to my knowledge I followed all the rules/guidelines/policies. I don't think I ever gave it the label or have ever called it the "$2 bill scheme", but it involves more than just bing cashback....

Hey, it wasn't like I was stocking you. I actually entered a google search to flyertalk as follows:

"$2 bill" mint site:www.flyertalk.com

since I originally thought there was some sort of $2 bill scheme to be had, and your post about selling coins to each other back and forth came up.

I just found it funny that you said you weren't doing that when I had only moments earlier in my search for $2 bill conversations read that old post of yours.

What you describe with buying $2 bills with BCB would certainly be profitable. But, not to a huge degree. But, it doesn't have to be $2 bills. Any liquid asset will do. As far as bullion goes, I've been a buyer of the stuff for years, so, for the most part I used BCB to accumulate more when I could find a 'Buy it Now' auction to get it (significantly) under spot price (aka 'melt price', I place no value on the 'collectivity' of the coin, only the purity and weight).

Gift cards were also a good purchase, but, I never got into that.

Problem with BCB was eventually all the 'Buy it Now' auctions had the BCB factored into the price. Some sellers were literally bumping their price up, for example, by 25% and then providing instructions in their ad on how to get a 30% Bing Cashback. Net result the prices of most liquid assets being sold on ebay started to strongly correlate to the size of the cashback being offered at the time. In the end it started to become work to find a guy who was selling something that I could even get 'under priced' net of BCB.

BTW, as far as selling coins on ebay goes. I used to do that to

I'd list $2500 of natives and have a 'Buy it Now' for $2675. Buyer would net pay $2475 after BCB and I'd be able to pocket $60ish after fees. After payment was received and then transferred/delivered to my bank account, I would then take the buyers name and address, go to the mint's website, place an order for 10 boxes of natives and put the buyers info into the shipping address.

At any rate, kind of meandering off topic here, but, no argument from me, Bing Cashback at eBay was great; many many many options to come out ahead with it. Exceptionally nice when you stacked an eBay coupon in there, and then went through mrrebates (mrrebates/fatwallet/etc were all stackable with BCB if you activated BCB first). ^

I think you mean stalking ...stocking would be quite painful.

Love this ^!