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Article: "CardPool makes money off the spread between buying and selling cards." Forgive me for my ignorance, but how does end up making you money? The way I s
by natep 17y ago
Article: "CardPool makes money off the spread between buying and selling cards."
Forgive me for my ignorance, but how does end up making you money? The way I see it, you can't sell more cards than you buy, and if you pay more to get the cards (90%) than you sell them for (70%) then aren't you facing a net loss overall?
- JacobAldridge 17y agoNot sure where you're getting those numbers from. The article talks about paying 90% for a Best Buy card and selling it for 95%, while 1800 Flowers sell for about 70% (no CardPool purchase noted).
- natep 17y agoAh, I guess I skimmed over the middle of the paragraph, and just saw the 1-800 Flowers at 30% off. So, I guess they're hoping to sell a whole lot more cards at 1-9% off than 10-30% off. I knew I was missing something obvious.
- tlrobinson 17y agoI assume the "up to" applies to both the selling and buying. Not all cards will fetch 90% of the face value. Simple arbitrage.
- natep 17y agoAh, yes, the web site makes that more clear.