Selling gift cards on eBay

United States
April 22, 2011 1:04pm CST
I am very curious as to why people would pay more than the face value of a gift card on eBay. For example, a $50 Borders gift card sold for $53. What is the point of this? I have thought about it over and over and can think of no logical reason. Anyone know?
3 responses
@melanie652 (2524)
• United States
14 May 11
I think it becomes more about winning than what they pay. Some people seem to get caught up in the bidding and making sure they're going win. When I'm bidding on something and someone keeps bidding against me one bid at a time instead of putting in a high bid, it's usually a person with a low feedback of 0-5. Those are the one that run up the bid. I usually quit bidding and go look for the same item elsewhere or just let it go. It's not worth getting caught up in a bidding war!
@sedel1027 (17846)
• Cupertino, California
7 May 11
Honestly, there is none! I have sold gift cards on ebay and have had the same results. I guess people hate to loose
@keshia2007r (2880)
• United States
29 Apr 11
Haha, I am an ebay seller and I can't figure this out as well. I'm a paid survey taker and a few sites rewards their participants through amazon electronic gift cards. I rather have the money than the gift cards at this time so I sell them on ebay. I always get more back than the gift card is actually worth. Why? I really don't know. I guess the Ebay bidders don't like to loose and really want that gift card. Once I had a $10 value Amazon Gift Card and it sold for $11.11 I believe. Minus the ebay fees It was about $10.10 left, I was happy! I will never complain lol