Are you aware that people sell amazon gift cards for 40% off here when trading it against bitcoins?
Anyway succes with your busines.
I have seen discounted rates rates but 40% seems quite a unsustainable amount. Where are these cards coming from at that rate? People desperate to sell a few low value items?
1. Supply, there does not seem to be a good supply of amazon.co.uk gift cards. Either limited quantities or from dubious sources.
2. I have the funds to convert £500 Gift cards which might be quite interesting for some people?
My current investment is about 5 minutes writing the post, so maybe this idea goes on the SHIT pile
It's good that you have an established system for selling the codes, but I'd have to second this opinion. Amazon codes are almost always sold for below face value. Logic being that there is a slight amount of sketch involved with them. Stolen credit cards can purchase the gift codes, compromised Amazon accounts, etc.
Also, it's considered a cash alternative for some people. Got an amazon code but no cash for buying BTC? Sell the code for BTC. That's a buyer's market, because any buyer of Amazon codes could instead turn the BTC into bank funds pretty easily and buy their own Amazon code at 100% value.
I'd understand offering them at 100%, but anything above that is just... odd. Good luck to you, though.
I'd also like to point out that some scammer just hit this forum selling bogus codes. They were either bought with a stolen CC, a compromised account, or he fraudulently reported his gift card (or credit card) as stolen shortly after receiving the BTC. That's going to hurt your chances unloading them. Just a thought.
