Make Up To $500 Daily Selling Gift Cards!
Here is a method I’ve been doing for quite sometime now. It involves buying and selling gift cards. I am going to use Amazon as an example but please note, this method is not restricted to this. I’m also going to base this method on a $200 gift card. (you can do as much or as little as you like).
Step 1
We will be using the following sites:
https://paxful.com
https://www.binance.com/
https://gameflip.com/
(Please note that you will need to verify your details so I’d recommend using your actual details).
Step 2
This is where we will selling the gift cards
Once all accounts are open Login to Gameflip
Click on “Sell” in the top right
Select “Gift Cards”
Select “Amazon”
You will now need to verify your address and have your sellers account fully approved
Once you submit your details, to speed the process up, use the online chat in the bottom right, They can approve you straight away.
You should be fully approved now.
Now have a look https://gameflip.com/browse/gift-cards/a...tus=onsale and you can see the price people are selling Amazon gift cards for.
Make note of these numbers
Just to add - I prefer to buy and sell $200 - $500 giftcards but only because the profit margin is higher. The average person on Gameflip will be selling a $200 giftcard for $180.
Step 3
This is where we will be buying the gift cards
Login to Paxful
Click “Sell Bitcoin” at the top.
Select “Discounted Gift Cards”
Scroll half way down the page where you will see better offers
Look for “Amazon Gift Card” or whatever gift card you are interested in
Look for the offer with the highest discount.
When you see the seller username on the left, click on their username and verify their history. I normally open this in a different tab. Check their feedback to make sure they are a good seller.
Once you have verified the seller, click on “sell” on the far right.
As you load the page you will see “I will receive Amazon Gift Card*”
Type in the value you want, underneath it will tell you how much you will be paying in bitcoin. Make note of this. For my example, i can see that I can get a $200 gift card for $128
What this means is that you will need approximately $133 worth of bitcoin to purchase this gift card.
Make note of the amount of bitcoins required and add a tiny bit on as there is a 3% escrow fee
Step 5
A few points to note
At the moment you know that people are buying $200 giftcards on Gameflip for $180
You also know that on Paxful you can buy a $200 giftcard for $130.
There are fee’s for Gameflip but if you subscribe, you will make your money back straight away after one deal and it reduces your fee’s. (https://gameflip.com/wallet/subscriptions)
on a $200 giftcard you will make between $30-40 profit
Step 6
How to buy the gift cards
Go back to your notes, see how much the Paxful seller is selling the giftcard for (in BTC)
Go to your Binance account, purchase that amount of Bitcoins (do a few dollars more)
Transfer this money to your Paxful wallet
Go to the seller you found earlier and buy the gift card
Step 7
How to sell the giftcards
Now you have the Giftcard from the seller on Paxful
Go back to Gameflip and repeat the steps provided earlier on selling an Amazon giftcard.
The next steps should be straight forward, now your listing is ready.
Sit back and relax and watch the money come in.
Few additional points
All money goes into Escrow on Gameflip and Paxful
You will make your own connections with good sellers on Paxful. I prefer to keep everything through there to offer me protection. There are lots of great sellers but also some scammers
Gameflip will hold your money before they release it. As your sales increase, the time your money is held gets reduced.
I’ve spoken about Amazon giftcards but i sell the full range - PSN, Amazon, Starbucks etc.
Please let me know if you have any questions but good luck and happy earnings