Funny thing is, I read that on a website but when I went down to the post office to ship the gift cards, they looked at me like I was crazy. I'll try to find the link as soon as I get some free time - so like never. Kidding I'll see if I can find it.
Update: here is the link: articles.mcall.com/2011-11-26/news/mc-watchdog-holiday-shipping-20111126_1_gift-cards-ship-gifts-cabinet
After reading it a second time, it looks like it was just someone repeating something they heard.
I've come to the conclusion that eBay isn't the way to go when selling gift cards.
Buyers are paying about 90-92% for big box store cards.
Subtract eBay's 10%.
Then subtract shipping, which is now a huge risk since they can't be insured.
And you're getting about 78% out of every $100.
If you go to giftcards.com, they pay a little better than that. Plus, you can enter the card number and pin and they'll transfer money to your PayPal account. Much more convenient and less risk involved.
Also, some CoinStar locations are now buying gift cards. They don't list the percentages on their website, so I'm not sure if it's a good deal or not.
That's cool coinstar does gift cards. Some new company popped up and has machines in grocery stores in chicago near the coinstar machine that buys giftcards from most major retailers but at a ripoff rate of course.
my biggest concern with selling gift cards on ebay is buyer says you sent a giftcard but with no funds, itgoes to a dispute who do you think ebay is going to side with. its almost like selling bitcoins with paypal and why nobody does it because if you get a bad apple its basically guranteed free stuff for buyer if someone decides to open a claim.
i figured there had to be something wierd about usps insuring money cuz i know even fedex and ups wont insure it. i used to work for a company that shipped money in smaller amounts because brinks was so expensive and if fedex lost a $7,000 package all they got for insurance was $100. i think employees started catching on and stealing because at one point nothing could be shipped in antyhing but a large box because they were catching employees on tape stuffing those padded envelopes into their pants stealing.