Using CC to purchase "Forever" Stamps
Sep 25, 2010 | 10:43 pm
#16
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You find an auction like this one. Then you do the standard eBay thing.
There's got to be something interesting going on here.
Sep 25, 2010 | 11:35 pm
#17
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The same is true for gift cards. I often see gift cards for $500 listed BIN for $485. It's usually the same sellers selling cards over & over. Not only are they taking the $15 hit, but there are the ebay fees too. I have no idea how they're coming out ahead.
Sep 26, 2010 | 12:01 am
#18
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Clearly, something is working for him. I just can't see what it is.
Sep 26, 2010 | 1:17 am
#19
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My guess is these guys are able to obtain these items at a lower price point than they are selling them for, probably in bulk.
This actually happens less frequently than the more common situation where a $100 gift card might sell for $105-110. Promos like the now extinct Bing cashback, and ebay bucks would inflate the prices of these kinds of items.
This actually happens less frequently than the more common situation where a $100 gift card might sell for $105-110. Promos like the now extinct Bing cashback, and ebay bucks would inflate the prices of these kinds of items.
Sep 27, 2010 | 12:21 am
#20
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Sometimes the gift cards are obtained through "rebate" programs (like MyPoints) or other "incentive" programs. The seller received them "in kind" for activity of some sort, and now is trying to monetize them.
Sep 27, 2010 | 8:19 am
#21
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Sep 27, 2010 | 8:24 am
#22
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I know the USPS discounts stamps that it sells to it's contract stations and Costco. I don't know if it's a 5% or 10% discount, but they could be coming from someone able to get them at wholesale pricing.
The max discount that you could get on them, that I'm aware of is 2-2.5%, from cashback on a card, although if a promo came out, maybe as much as 5%.
The max discount that you could get on them, that I'm aware of is 2-2.5%, from cashback on a card, although if a promo came out, maybe as much as 5%.
Sep 27, 2010 | 9:22 am
#23
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I know the USPS discounts stamps that it sells to it's contract stations and Costco. I don't know if it's a 5% or 10% discount, but they could be coming from someone able to get them at wholesale pricing.
The max discount that you could get on them, that I'm aware of is 2-2.5%, from cashback on a card, although if a promo came out, maybe as much as 5%.
The max discount that you could get on them, that I'm aware of is 2-2.5%, from cashback on a card, although if a promo came out, maybe as much as 5%.
More and more, I think it's a tax scam. Deduct the stamps as a business expense, and don't report the proceeds.
Sep 27, 2010 | 10:02 am
#24
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Sep 27, 2010 | 10:29 am
#25
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Look at this: http://reportyourcomplaint.com/count...its-like-i-di/ People are just selling fake stamps.
But the quantities are big for these auctions. So maybe he's just doing one last sprint and then he leaves this all behind?
Sep 27, 2010 | 5:39 pm
#26
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You find an auction like this one. Then you do the standard eBay thing.
JudyJFLA
Sep 27, 2010 | 5:59 pm
#27
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I know when Bing was giving big bonuses on some eBay purchases, people were putting high dollar stuff up, and then bidding from another account to get the Bing Bonus. Against all the rules, of course, but it happened.
Oct 2, 2010 | 10:42 am
#28
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Update: Post Office can't raise rates
To return to the original idea--buy forever stamps with a CC before the proposed January rate hike--the Postal Regulatory Commission recently refused to let the Post Office increase the rate. (http://www.reuters.com/article/idUSTRE68T54Z20100930.)
This means the advantage would be limited to the CC reward and any discount.
This means the advantage would be limited to the CC reward and any discount.
Oct 2, 2010 | 11:59 am
#29
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To return to the original idea--buy forever stamps with a CC before the proposed January rate hike--the Postal Regulatory Commission recently refused to let the Post Office increase the rate. (http://www.reuters.com/article/idUSTRE68T54Z20100930.)
This means the advantage would be limited to the CC reward and any discount.
This means the advantage would be limited to the CC reward and any discount.
Oct 2, 2010 | 12:07 pm
#30
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