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Why pay more that double for a £10 gift card.
iwant2savemoney
Posts: 445 Forumite
Why pay more that double for a £10 gift card, I know supermarket gift cards usually go for a bit more than the actual cost but not more that double.
http://www.ebay.co.uk/itm/sainsbury-vouchers-/261262758228?pt=UK_Tickets_Trave_Vouchers_Coupons_LE&hash=item3cd4795154
http://www.ebay.co.uk/itm/sainsbury-vouchers-/261262758228?pt=UK_Tickets_Trave_Vouchers_Coupons_LE&hash=item3cd4795154
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Comments
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Leading bidder has 0 feedback? (Unless that's masked too?) so most likey someone taking the !!!!?0
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Yes, paying a £20 note (that can be used anywhere) for a voucher worth £10 (that can only be used in Sainsbury's)... really doesn't add up, does it?"The secret of life is honesty and fair dealing.
...If you can fake that, you've got it made."
Groucho Marx0 -
A few reasons I can think of:
Money laundering
Criminals not wanting to redraw cash from a stolen paypal account, so spends it on gift-cards which are harder to track.0 -
I would accept your point if the voucher was in an email/code number format, but wouldn't this voucher have to be posted to an address?A few reasons I can think of:
Money laundering
Criminals not wanting to redraw cash from a stolen paypal account, so spends it on gift-cards which are harder to track."The secret of life is honesty and fair dealing.
...If you can fake that, you've got it made."
Groucho Marx0 -
porto_bello wrote: »I would accept your point if the voucher was in an email/code number format, but wouldn't this voucher have to be posted to an address?
mailing address or an empty property where they can easily retrieve the mail0 -
That sounds rather a complex operation for the sake of a £10 Sainsbury's voucher, which will have to involve the use of a specific address, and which the recipient must have ready access to...earthstorm wrote: »mailing address or an empty property where they can easily retrieve the mail
My guess is that in cases where a voucher sell for slightly above face value, it's probably being bought by someone without a bank account or wishing to avoid using their bank account to receive Paypal payments. [In other words, it's a practical way of withdrawing money from Paypal, without being seen to receive the income].
However, paying twice the value of the voucher is effectively losing half the value of the purchase price, which is extremely inefficient and just doesn't add up.
If selling Sainsbury's £10 vouchers for £21 worked as an concept for doubling your money, I suspect we'd all be at it!
"The secret of life is honesty and fair dealing.
...If you can fake that, you've got it made."
Groucho Marx0 -
iwant2savemoney wrote: »Why pay more that double for a £10 gift card, I know supermarket gift cards usually go for a bit more than the actual cost but not more that double.
http://www.ebay.co.uk/itm/sainsbury-vouchers-/261262758228?pt=UK_Tickets_Trave_Vouchers_Coupons_LE&hash=item3cd4795154
In a word, fraud.
The seller will not get their money, or to be more precise, they will have a chargeback.
Do not be fooled by seller protection/registered address, paypal/ebay can still ignore this and stick their head in the sand, going la-la-la I'm not listening I've got my fingers in my ears.
If I had a choice between trying to fight a chargeback or banging my head against a wall, the wall would win every time.0 -
In a word, fraud.
The seller will not get their money, or to be more precise, they will have a chargeback.
Do not be fooled by seller protection/registered address, paypal/ebay can still ignore this and stick their head in the sand, going la-la-la I'm not listening I've got my fingers in my ears.
If I had a choice between trying to fight a chargeback or banging my head against a wall, the wall would win every time.
Really?
La la la? That's all it takes?0 -
In a word, fraud.
The seller will not get their money, or to be more precise, they will have a chargeback.
Do not be fooled by seller protection/registered address, paypal/ebay can still ignore this and stick their head in the sand, going la-la-la I'm not listening I've got my fingers in my ears.
If I had a choice between trying to fight a chargeback or banging my head against a wall, the wall would win every time.0 -
chancesare wrote: »Really?
La la la? That's all it takes?
Oh yes, most certainly.
ebay adopt this attitude, you have the law on your side and we will not challenge you, however we will close your ebay account, so, do you want to get your £20 back for the Sainsbury voucher or do you want to keep your ebay account.
They know most people would prefer to keep their ebay account and lose the twenty quid.0
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