Selling vouchers

stokelady

Hi, I am a debt free wannabe and am trying to raise some spare cash to throw at my debts.

Having recently changed broadband/tv provider in my moneysaving quest I have been sent £100 worth of M & S vouchers.

My question is this ......

How can I get the Max from my vouchers? Should I sell them on ebay - I can see they are selling for around the £90 mark or would you go see what I can buy in the sales and then sell the items individually? and if so....which kind of items would you recommend, may I also add I have an M & S outlet store near to me which often has greatly reduced items.

System

I sell vouchers on Ebay and they sell very well. I prefer to sell them in lots of £40 though ive sold them in varying amounts and they always sell. I dont put a reserve price on them i just start the bid off at the minimal i would like for them and if they dont sell, then i just try again. Ive never had a set not sell though.

Personally i wouldnt bother faffing around buying items with the vouchers as you are likely to have them sitting around for months.

wileycat

Use actual pictures of the vouchers - remember to obscure any codes that could be used to redeem them online.

Start at 99p. I would use at least recorded delivery to send, although paypal buyer protection doesn't cover vouchers.

You should get 90-100% of the vouchers in price, so about 75-85% in real money back.

macfly

Vouchers are also excluded from RM compensation, so Special Delivery is your best way to post.

Dontknowanymore

I've sold a few vouchers over the years and have always got almost the asking price.
Or another good place to sell things is facebook, there should be local buying a selling pages, good thing about that is you don't even have to leave your house as they can collect.

wileycat

macfly wrote: »

Vouchers are also excluded from RM compensation, so Special Delivery is your best way to post.

But the buyer can't get a refund from ebay as its not covered by buyer protection, so why do you need to use SD? What am i missing?

steveE2

wileycat wrote: »

But the buyer can't get a refund from ebay as its not covered by buyer protection, so why do you need to use SD? What am i missing?

Unless an unscrupulous buyer were to issue a chargeback

PAYPAL HORROR STORY OF THE DAY:
September 3, 2011: So you think you're safe with PayPal? This horror story just came in a couple of days ago. A woman sold over $350 worth of iTunes Gift Cards using the eBay service. The buyer paid her using PayPal. The seller then sent the buyer all the codes needed to use the iTunes Gift Cards. The buyer then emailed the seller thanking her for the codes and telling her that the codes worked perfectly. After the buyer used up all the iTunes Gift Cards, the buyer then contacted his credit card company and initiated chargebacks claiming the items were "not as described." PayPal contacted the seller (who did nothing wrong) and advised her of the chargebacks. PayPal then asked for information in order to fight the chargebacks. The seller provided that information. Result? PayPal didn't fight anything. In fact, the honest seller lost ALL of her money ($350), her iTunes Gift Cards, AND PayPal charged her $20 for each chargeback. First, this honest eBay seller gets scammed by the PayPal and then gets kicked in the crotch by PayPal (and eBay).

shaun_from_Africa

steveE2 wrote: »

Unless an unscrupulous buyer were to issue a chargeback

It doesn't have to be an unscrupulous buyer, It might be one who is totally honest and who simply didn't get the goods that they paid for because the package was lost in the post.

RainbowDrops

Might be worth sticking on gumtree - you can get cash on collection & avoid ebay / paypal fees.

wileycat

I can see Steve's point and understand how that would work, but if they don't receive they can't claim as Paypal won't refund on virtual goods/vouchers unlike real goods.

stokelady

Thank you for all your replies, think I will sell the vouchers on ebay and send recorded delivery for the buyers piece of mind.