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Why do iTunes gift cards sell for over face value on ebay?

zigner 55 September 29, 2010 at 12:50 PM
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I just took a look at was shocked to see iTunes gift cards on ebay REGULARLY selling for more than the face value!!!

Does anyone know why this would be the case?

Why would anyone buy an iTunes card for $55 when it has a face value of $50? You can buy one for $50 with free shipping from Apple!!
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#16
I have sold about 5-10 itunes gift card on ebay. But never for more than face value.

However all the ebay purchasers, never wantted the card in the mail. Just to have me to email them, the i-tunes card number. So they can go on-line immediately and get more songs from itunes.

So it may just be a matter of convience, that some people are willing to pay - more than face value for itunes gift card.
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#17
Quote from s_T_Blue View Post :
I have sold about 5-10 itunes gift card on ebay. But never for more than face value.

However all the ebay purchasers, never wantted the card in the mail. Just to have me to email them, the i-tunes card number. So they can go on-line immediately and get more songs from itunes.

So it may just be a matter of convience, that some people are willing to pay - more than face value for itunes gift card.
that's a big problem. if you don't mail it with a physical proof of delivery. the buyer can easily file a chargeback and claim non-receipt.

but why buy an electronic gift card? why not go buy what you want from itunes? or send an electronics gift card directly from the apple store?
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#18
Quote from fyu View Post :
that's a big problem. if you don't mail it with a physical proof of delivery. the buyer can easily file a chargeback and claim non-receipt.

but why buy an electronic gift card? why not go buy what you want from itunes? or send an electronics gift card directly from the apple store?
I am amazed, on what stuff/junk is purchased on ebay.

quote: 'One man junk, is another man's treasures.'
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#19
I can only think of one explanation. People want to spend their eBay Bucks before they expire. I guess someone would rather get an iTunes gift card for a few bucks over the face value than get something they don't really need. They would have spent money on buying music from iTunes anyway, so it makes sense.
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#20
Actually, the reason is quite simple. The way iTunes works (or used to, not sure anymore), is that there are different sites for different countries. However, you couldn't buy anything from a particular countries site unless your credit card billing address was from there. However, with giftcards, as long as the card was originally from that country, lets say, Japan, it would allow you here in the US to download items off of Japan's iTunes site. You would basically be paying a premium in order to get a code that would allow you to download from a different countries site.
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#21
Quote from s_T_Blue View Post :
I have sold about 5-10 itunes gift card on ebay. But never for more than face value.

However all the ebay purchasers, never wantted the card in the mail. Just to have me to email them, the i-tunes card number. So they can go on-line immediately and get more songs from itunes.

So it may just be a matter of convience, that some people are willing to pay - more than face value for itunes gift card.
I've got ten $50 cards that I want to sell on eBay for $45 each. I just picked them up at the WalMart sale. In five years I've been scammed twice as a seller though (buyer claims the item was never shipped, buyer by default always wins this fight if PayPal is involved). I'm scared to death of actually listing these; I like that I can just email the codes to the buyer, but I don't want the buyer to turn around and claim that I never did so. What's the safest way to sell these? Craigslist?
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#22
Quote from flyingeddies View Post :
I've got ten $50 cards that I want to sell on eBay for $45 each. I just picked them up at the WalMart sale. In five years I've been scammed twice as a seller though (buyer claims the item was never shipped, buyer by default always wins this fight if PayPal is involved). I'm scared to death of actually listing these; I like that I can just email the codes to the buyer, but I don't want the buyer to turn around and claim that I never did so. What's the safest way to sell these? Craigslist?
Can I ask a question?

So you paid $350 for 10 cards plus approx. $21 in sales tax (I'll figure 6% for my state)?

Initial money paid out approx. $371

If you sell them for $45 each on Ebay for a total of $450 you have what in fees?

Listing fees?
12% selling final fees?
35 cents plus 2.9% in Paypal fees per auction?

I think it's 50 cents per BIN auction to list = $3.50
Final fees on $45 x 10 = $54.00
Paypal fees (.35 per auction plus 2.9%) = 13.05 + 3.50

total fees $74.05 so you're making $4.95 after fees on a $371.00 outlay ?

Am I missing something?
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#23
Quote from crashx10 View Post :
Can I ask a question?

So you paid $350 for 10 cards plus approx. $21 in sales tax (I'll figure 6% for my state)?

Initial money paid out approx. $371

If you sell them for $45 each on Ebay for a total of $450 you have what in fees?

Listing fees?
12% selling final fees?
35 cents plus 2.9% in Paypal fees per auction?

I think it's 50 cents per BIN auction to list = $3.50
Final fees on $45 x 10 = $54.00
Paypal fees (.35 per auction plus 2.9%) = 13.05 + 3.50

total fees $74.05 so you're making $4.95 after fees on a $371.00 outlay ?

Am I missing something?
I don't know anyone who pays sales tax on gift cards. I've never paid sales tax on gift cards and I've purchased hundreds of them. The tax is paid when you actually purchase the goods or services with the gift card.
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#24
Quote from tangerinemixer View Post :
I don't know anyone who pays sales tax on gift cards. I've never paid sales tax on gift cards and I've purchased hundreds of them. The tax is paid when you actually purchase the goods or services with the gift card.
Tangerine is correct - I did not have to pay tax on these gift cards.
The eBay listing is free right now - there's a great promotion going on right now. Yes, there are Paypal fees.
Bottom line - I'm not doing this to make a ton of money. I want to make enough to make one or two of the cards free for myself. It's easy justification for me to buy the cards.
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