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Jews created the business of buying gift cards
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Date: January 21st, 2018 5:21 AM Author: Mint voyeur The two Orthodox Jews from Brooklyn launched their enterprise in 2008, during the sinkhole of the recession, buying other people’s cards online for a few dollars less than their value, reasoning many people would rather have $89 in cash than $100 worth of stuff from Annie Sez. They then sell cards for a few dollars more than they paid for them, but less than face value. Today, netting an estimated 8% profit, CardCash is on track to gross $120 million by year-end.
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Date: January 21st, 2018 5:40 AM Author: fishy set coffee pot Your title is confusing (http://www.autoadmit.com/thread.php?thread_id=3866148&forum_id=2#35201572) |
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Date: January 21st, 2018 1:11 PM Author: Buff Impertinent Water Buffalo Sanctuary yea it should be rebuying or reselling (http://www.autoadmit.com/thread.php?thread_id=3866148&forum_id=2#35202882) |
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Date: January 21st, 2018 2:18 PM Author: silver azn senate (http://www.autoadmit.com/thread.php?thread_id=3866148&forum_id=2#35203246) |
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Date: January 21st, 2018 5:51 AM Author: lavender yarmulke locale good for them
it’s the issuers of the gift cards that are hehehehe |
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Date: January 21st, 2018 1:10 PM Author: Mint voyeur (http://www.autoadmit.com/thread.php?thread_id=3866148&forum_id=2#35202879) |
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Date: January 21st, 2018 1:13 PM Author: mischievous chad parlor (http://www.autoadmit.com/thread.php?thread_id=3866148&forum_id=2#35202895) |
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Date: January 21st, 2018 1:16 PM Author: dead copper stage (http://www.autoadmit.com/thread.php?thread_id=3866148&forum_id=2#35202918) |
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Date: January 21st, 2018 2:06 PM Author: Supple Indigo Filthpig (http://www.autoadmit.com/thread.php?thread_id=3866148&forum_id=2#35203181) |
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Date: January 21st, 2018 1:16 PM Author: Cream Passionate Indian Lodge Seems like everyone benefits (http://www.autoadmit.com/thread.php?thread_id=3866148&forum_id=2#35202913) |
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Date: January 21st, 2018 1:19 PM Author: Frisky house clown cr I have a lot of gift cards that have sat unused for years (http://www.autoadmit.com/thread.php?thread_id=3866148&forum_id=2#35202936) |
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Date: January 21st, 2018 1:27 PM Author: lavender yarmulke locale ie expired cards
hehe |
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Date: January 21st, 2018 1:58 PM Author: lemon property No expiration, by law, in some states (http://www.autoadmit.com/thread.php?thread_id=3866148&forum_id=2#35203131) |
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Date: January 21st, 2018 2:02 PM Author: lavender yarmulke locale Lmao (http://www.autoadmit.com/thread.php?thread_id=3866148&forum_id=2#35203157) |
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Date: January 21st, 2018 1:17 PM Author: contagious business firm travel guidebook who is the bigger jew that would pay them $93 for a $100 gift card just to save the difference?
seems like such a pain in the ass
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Date: January 21st, 2018 2:20 PM Author: Supple Indigo Filthpig isn't there often tax evasion involved?
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Date: January 21st, 2018 1:17 PM Author: Fuchsia doobsian plaza I do believe those cards are marked NOT FOR RESALE. (http://www.autoadmit.com/thread.php?thread_id=3866148&forum_id=2#35202923) |
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Date: January 21st, 2018 1:18 PM Author: 180 piazza stock car *DBG sprints into thread* (http://www.autoadmit.com/thread.php?thread_id=3866148&forum_id=2#35202933) |
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Date: January 21st, 2018 1:19 PM Author: offensive stage On its own, Gift Cards are an unbelievable and wildly profitable business. Insanely profitable. The major company that does a lot of Gift Cards got bought out this week by PE - I had been eyeing it for years but it never got low enough for me.
Basically when you buy a gift card you give an interest free loan to the Gift Card company until the funds are drawn down, which then can be reinvested into money market or treasuries. In addition to this interest free loan, after a certain point Gift Cards used to either expire or run-off, representing direct profit to the issuer.
Truly one of the hidden life-hacks, a float business in the modern world. A modern day Blue Chip Stamps |
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Date: January 21st, 2018 2:10 PM Author: 180 piazza stock car The real fraud are those Amex/VISA gift cards that cost $5 to activate. So the purchaser pays $105 for the $100 card. Then Amex/VISA still get their typical fees at the point of sale when the gift card is used. ljl (http://www.autoadmit.com/thread.php?thread_id=3866148&forum_id=2#35203209) |
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Date: January 21st, 2018 2:11 PM Author: Supple Indigo Filthpig pddj's prole goy grandma got us EACH a $50 visa GC for "hanukkah"
ljl so she paid 2x $5 = $10 to give us $100. dumb goy |
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Date: January 21st, 2018 2:54 PM Author: offensive stage thats very goysche (http://www.autoadmit.com/thread.php?thread_id=3866148&forum_id=2#35203429) |
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Date: January 21st, 2018 2:55 PM Author: Supple Indigo Filthpig my kids are gonna be 1/8 this woman :( (http://www.autoadmit.com/thread.php?thread_id=3866148&forum_id=2#35203440) |