How To Make Money Fast » Make Money Buying And Selling Gift Cards
There are ways to make money buying and selling gift cards. Gift cards are a lot like a standard credit card to look at. However, they are issued by large stores and function in much the same way that a gift certificate does.
You can buy a gift card for more or less any predetermined amount you like. For example, if you buy a gift card for $500 that is the amount you can use the card to buy items with. You can, of course, give the card to a friend as a present, which is mainly what the card is primarily intended for.
Usually there are restrictions on the use of gift cards. You can expect to only be allowed to spend a gift card in the store it was bought in. However, if that store is part of a large chain that has outlets in most major cities, then it is usual that the gift card can be used in other outlets of the parent same store.
You can sell gift cards at a number of places online. These include, Plastic Jungle, Monster Gift Card and Gift Cards Trade. Some of the places dealing with gift cards will also allow you to swap cards between members. This could be something that might interest many people.
All of the places that facilitate the buying and selling of gift cards will take their cut for making it possible between members. This is only to be expected and has to be weighed up against the convenience of being able to use their site to conduct business. they usually take a percentage and possibly a standard nominal charge as well. For example, you may be charged 5% of the transaction plus $1.50.
Most people consider gift cards to be very useful when they have a decent amount of money attached to them. But when the amount is in low double figures, the gift card is much less attractive, and this is when they can be left lying around and can even get lost.
That is why being able to buy old gift cards and reselling them for profit is an attractive idea for some. It is also why places like Plastic Jungle, Monster Gift Card and Gift Cards Trade are able to operate successfully online.
You can also buy and sell gift cards online at Ebay. This is the world's largest auction store where millions of dollars exchange hands every day. Gift cards are just one more thing that is traded on Ebay, and if you look carefully and regularly, you may find some bargains there, or you may be able to list a gift card there that someone else wants to buy.
Being able to make money buying and selling gift cards is likely to be as successful as the amount of effort you are willing to put into it. Like most things, the more you put in the more you are likely to get out. This may not lend itself completely to being a full time income, but it certainly can be a good part time income.