Am I missing something?

[slightlyhuman]

Why are gift cards for $500 being sold for more than the amount on the GC?

http://www.ebay.com/itm/500-Dollars...Certificates&hash=item1e6bb98938#ht_500wt_868

 

[keird]

This launders illegal funds.

 

[FallenHero]

This launders illegal funds.

Yeah but usually you want to do the opposite. Sell it for less. 500 in illegal funds turns into 400 of "legit" funds through the sale.

 

[FoBoT]

ebay knows
http://reviews.ebay.com/Gift-cards-Why-do-Ebayers-pay-more-than-face-value?ugid=10000000013745780
http://forums.ebay.com/db2/topic/Buyer-Central-Professional/Why-Do-Walmart/520172052

1. scam
2. special deal where they get a discount for using the cards

either way, why take a chance, just say no

 

[slightlyhuman]

ah, thanks fobot. i'll just stick to using the forums=p

 

[airdata]

This launders illegal funds.

This is my best guess.

Stolen money/credit cards used to buy the gift cards. Money laundering.