Quote from: stompix on July 18, 2019, 12:08:43 PM

Quote from: DdmrDdmr on July 18, 2019, 10:35:15 AM

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. <>

See https://www.foxnews.com/tech/microsoft-employee-accused-of-scheme

Impressive but again, if he sold them at a discount, he sold them so because he knew they were illegally obtained and he had to dump them.

Quote from: Stedsm on July 18, 2019, 11:54:31 AM

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.

Yeah, as always there is a simple answer I never thought of it.
Demand and offer, if the market is flooded with large discounted items you have no chance of selling them if you don't apply the same discount, even if you deal with legit items and the others with fake ones.
Reminds me how my parents had to drop 5% of the meat price just because the shops were also selling some cheap meat injected with saltwater at some ridiculous prices.

One thing I'm curious about.
Does Amazon have any limits on how many gift cards or their value that you can use for purchases in a year on in some time frame?

I would image the answer is yes in some cases. No in others.

Pretend I have an amazon prime credit card. Lets say it has a 10k limit. I think it is a visa issued by chase bank for amazon.

I can buy a gift card direct from amazon. Since my cc is 10k I could buy a 6 to 8k set of cards in a day.

Pay the cc via an online account the same day . I would guess I could order 100k in cards each and every month If I keep paying my CC off.
I would also guess they would ask me WTF are you doing. But My credit numbers are very good. So I expect That if I had the money to keep paying that card off they would not limit what I am doing.

So that is a yes.

Lets say I have 17 visa and mastercards. The total amount of credit is 170k about 10k on each card.
I order 9k on every card in 1 day. I can guarantee you they would put a stop on that before I did all 17 cards.

So that is a no.