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>You can't even sell gift certificates on the Internet without having built a business that will probably have criminals as a plurality constituency. This is n
by ikeboy 9y ago
>You can't even sell gift certificates on the Internet without having built a business that will probably have criminals as a plurality constituency.
This is not correct, in my experience - largest constituency for many gift cards is merchandise resellers. I myself have purchased in the mid 5 figure range of gift cards and I've met people who've spent in the 7 figure range.
- dyim 9y agoShameless plug, but one of my old college friends sells gift cards at scale: https://support.priceyak.com/hc/en-us/articles/203465699-Buy-Gift-Cards-from-Us https://support.priceyak.com/hc/en-us/articles/203465699-Buy... If you're in the Amazon world I'm sure you know of them, but if not I'd be happy to put you in touch (contact info in profile)
- ikeboy 9y agoYes, I've used PY. For volume gift cards, it's all about the discount. There's no way I would buy gc at no discount and have to pay cash, as PY offers last I checked.
- tedunangst 9y agoHow do you know anything about other buyers just because you buy a lot?
- ikeboy 9y agoI know large gc sellers and I've sold a decent amount myself. I know the gross margins some of the exchanges run on, and the fraud rate is low.
- mustacheemperor 9y agoIs it a plurality of users, not volume? Does the average criminal sell a fraction of the amount a top seller does?
- ikeboy 9y agoThere's a community of small time sellers. I don't believe the overall fraud rate is that significant.
- deleted 9y ago[deleted]