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Why do Walmart gift cards sell over face value on eBay?
Jul 6th, 2009 by estreet

Here is the angle to why Walmart gift cards sell over face value on eBay.

LordKronos said:From time to time, eBay offers members coupons for 10% off if you pay with paypal. In addition, for Buy It Now auctions, live.com often has promotions giving you a percentage back via a deposit in your paypal account a few months later. Right now it’s at 9%. The peak I saw was the day after thanksgiving when it reached 30%. At the time, eBay had also given out some of those 10% coupons which could be combined with the live.com offer giving a total discount of 40% (I got a few good deals on that one).

Response:

Just looked back at my MS CashBack records. In November, when the discount often went to 25-30%, we purchased around $7-8K of gift cards (Costco, WalMart, Target, safeway), all at a premium. The net price to us was around 80 cents on the dollar. We also flipped several of them for $100 or so net per card. As you point out, the discount is down to 9% currently, so paying a premium isn’t worth it to us at this point.

Take a look at the Walmart gift cards selling over face value.

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