I never understood why would anybody sell thousands of giftcards at half of their value.
One of the main reasons for this is to buy Bitcoin anonymously. You can buy gift cards using cash and then use those cards to buy BTC without exposing your bank account or personal information to risk.Sorry but I still don't get it
, probably because I\ve never dealt with them.But you say that that gifts-card can be used to buy BTC anonymously, this being a main advantage of the users.
So, why would you sell those at such ridiculous discounts when there is demand for them?
I'm confused about the huge discount some seller advertise, not the actual usage.
Even when there is demand, there were sellers available who were selling for cheap (as mostly they were carded ones) but due to it, the market got slump even for the real sellers and sellers like me just sold them cheaper due to being unknown about how we could use it, while others sold it not too cheap but yeah, somewhat cheap.
Although not on Amazon, but rather on Microsoft, heres an example thats come out fresh from the oven (although commited over a year ago) that lets us see a potential and probable origin of these gift cards on the market: an inside job.
See https://www.foxnews.com/tech/microsoft-employee-accused-of-scheme
Quote
A former Microsoft employee is being accused by federal prosecutors of stealing gift cards and large sums of digital currency from the company and then reselling the items online to fund real-life purchases, including a $1.6 million lakefront home and $160,000 Tesla vehicle. <
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See https://www.foxnews.com/tech/microsoft-employee-accused-of-scheme
So, were they sold at huge discounts? I didn't get a summary of how they actually sold them off, but WoW! A lakefront home and a Tesla vehicle? Shit, I used to sell gift cards too that I always used to get from a friend living in USA who used to do some tasks over some apps advertised there (I discussed this already) and he used to give them to me to use and as I previously said, I never got the right opportunity to utilize such cards so I only sold them, but my bad I couldn't even make 1/10th out of what was shown in the article.