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Topic: How does one goes about trading Amazon Gift Cards (Read 821 times)

SrJozzo

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Quote from: bitbaby on June 03, 2014, 01:02:47 AM

I see some advertisements about trading Amazon gift cards for BTC but how does one does that?

I have an Amazon Gift Card $50 + and I would like to sell it here for BTC and I would use an escrow service but how does the trade happens? Who sends who first? And how is it confirmed? What if the buyer gets the Amazon GC, uses it and claims that he did not received any money in his Amazon account. In which case the escrower would transfer his BTC back to him?

Is there way to confirm the authenticity of Amazon gift cards prior to purchasing them?

You should see Origin Protocol, they have a shop for this which is awesome. I bought a tonne at like 30% discount before the sale ended.

Apparently they'll be doing it again soon with a new website for buying and selling Amazon cards.

ronnieji1990

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Are u still trading amazon gift card for BTC?

kingscrown

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http://fuk.io - check it out!

one of LGD pools also pays in Amazon cards

shorena

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No I dont escrow anymore.

Quote from: bitbaby on June 03, 2014, 01:29:29 PM

-snip-
If this is doable than I can probably do it, I just want an honest trade, that's all.

You can use the giftcard to get credit on amazon. With that credit you can make a new one. You dont have to buy something with the giftcard. It is actually recommend by amazon to redeem the card directly to avoid loss....

Ah nevermind was just searching for it when I found this:

Quote

Gift certificates cannot be redeemed for products offered as download. However the redemption of the gift certificates for MP3 Downloads is allowed. Gift certificates cannot be used to buy other gift certificates.

Gift certificates or gift certificate balances cannot be redeemed for cash, transferred to other customer accounts or set against receivables. Gift certificates cannot be resold.

Source: https://www.amazon.de/gp/help/customer/display.html/?nodeId=200275500

Its for amazon.de though, I doubt it, but maybe its different for amazon.com

Sorry, I was sure I had done this before.

bitbaby

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Quote from: shorena on June 03, 2014, 01:18:52 PM

Quote from: bitbaby on June 03, 2014, 12:20:30 PM

Thank you for helping me with all of my queries but I am just a little confused about this part:

Quote from: bitbaby on June 03, 2014, 01:02:47 AM

What if the buyer gets the Amazon GC, uses it and claims that he did not received any money in his Amazon account. In which case the escrower would transfer his BTC back to him?

To avoid this E can redeem the card and make a new one for the same amount. This will cost no fee from amazon.

I just want to to make sure that the buyer doesn't frauds me by cashing out the card and then claiming that it didn't work.

The idea is that the person doing the escrow (E) is redeeming the gift card. So E has e.g. 25 USD on amazon as balance and can make a new gift card for the buyer (B). That way B can not claim that the card "didnt work" because E can vouch for you.

If this is doable than I can probably do it, I just want an honest trade, that's all.

shorena

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No I dont escrow anymore.

Quote from: bitbaby on June 03, 2014, 01:26:28 PM

Quote from: TheButterZone on June 03, 2014, 12:57:17 PM

You can ask Amazon who cashed your gift code and/or claim it is stolen, which is why nobody should be accepting Amazon gift codes.

I don't think that's an option, Amazon gift cards are like cash cards, if anyone cashes them, they are theirs, which is why I was worried about selling them. Even if I use an escrow, and sell it, and the buyer cashes them and claims it didn't worked and in which case the person holding the escrow would have no option but to return the BTC to the buyer and I would have lost my Amazon gift card for nothing.

As I explained before the person doing Escrow can cash the card and make a new one for the same amount. So its impossible for the buyer to claim "didnt work"

bitbaby

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Quote from: TheButterZone on June 03, 2014, 12:57:17 PM

You can ask Amazon who cashed your gift code and/or claim it is stolen, which is why nobody should be accepting Amazon gift codes.

shorena

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No I dont escrow anymore.

Quote from: bitbaby on June 03, 2014, 12:20:30 PM

Thank you for helping me with all of my queries but I am just a little confused about this part:

Quote from: bitbaby on June 03, 2014, 01:02:47 AM

What if the buyer gets the Amazon GC, uses it and claims that he did not received any money in his Amazon account. In which case the escrower would transfer his BTC back to him?

To avoid this E can redeem the card and make a new one for the same amount. This will cost no fee from amazon.

I just want to to make sure that the buyer doesn't frauds me by cashing out the card and then claiming that it didn't work.

Quote from: TheButterZone on June 03, 2014, 12:57:17 PM

You can ask Amazon who cashed your gift code and/or claim it is stolen, which is why nobody should be accepting Amazon gift codes.

I did not know this however. So E will probably not do what I suggested.

Neg

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So Amazon are just like paypal in this regard? Didnt know you could essentially do a charegback with them.

TheButterZone

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RIP Mommy

You can ask Amazon who cashed your gift code and/or claim it is stolen, which is why nobody should be accepting Amazon gift codes.

bitbaby

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Thank you for helping me with all of my queries but I am just a little confused about this part:

Quote from: bitbaby on June 03, 2014, 01:02:47 AM

What if the buyer gets the Amazon GC, uses it and claims that he did not received any money in his Amazon account. In which case the escrower would transfer his BTC back to him?

To avoid this E can redeem the card and make a new one for the same amount. This will cost no fee from amazon.

I just want to to make sure that the buyer doesn't frauds me by cashing out the card and then claiming that it didn't work.

shorena

copper member

Activity: 1498

Merit: 1528

No I dont escrow anymore.

Quote from: bitbaby on June 03, 2014, 01:02:47 AM

I see some advertisements about trading Amazon gift cards for BTC but how does one does that?

Depends what the ad is/was for. This is a 3rd party deal. Amazon is currently not accepting BTC.

Quote from: bitbaby on June 03, 2014, 01:02:47 AM

I have an Amazon Gift Card $50 + and I would like to sell it here for BTC and I would use an escrow service but how does the trade happens?

You open a thread in the digital good section and see what offers come in. State that you want to use escrow.

Quote from: bitbaby on June 03, 2014, 01:02:47 AM

Who sends who first?

The buyer (B) will send the BTC + fees (usually buyer pays them) to the person doing escrow (E).
You await confirmation from E and give code to B.
E awaits confirmation from B that the code is in order.
E now sends BTC to you.

Quote from: bitbaby on June 03, 2014, 01:02:47 AM

And how is it confirmed?

The buyer will have to confirm this via Amazon.

Quote from: bitbaby on June 03, 2014, 01:02:47 AM

What if the buyer gets the Amazon GC, uses it and claims that he did not received any money in his Amazon account. In which case the escrower would transfer his BTC back to him?

To avoid this E can redeem the card and make a new one for the same amount. This will cost no fee from amazon.

Quote from: bitbaby on June 03, 2014, 01:02:47 AM

Is there way to confirm the authenticity of Amazon gift cards prior to purchasing them?

I am not 100% sure but you probably can cancel the redemption. If not you can just generate a new code.

bitbaby

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