The Offer
- Receive 4x eBay bucks on every single qualifying item of $100+ or more you purchase
The Fine Print
- Valid from August 4th, 8AM to August 5th, 11:59PM PT
- Targeted offer, must receive the e-mail and activate it first
- 4x Ebay Bucks is equivalent to 8% back in Ebay Credit, which to some is as good as cash.
- Ebay Bucks are NOT earned on Ebay Branded Gift Cards
Our Verdict
This is a fantastic deal and very easy to turn into a money maker. You’re basically getting 8% in eBay bucks, combine that with at least a 5% discount on eBay gift cards and you just need to find gift cards that you can resell for 90% of facevalue to turn an easy 2%+ profit (also don’t forget to throw in portal cash back which might also be working for another 1.2% profit).
I’ll also list other profitable gift card deals below.
- $105 In eBay Giftcards For $100 – Limit Of One (PPDG), you won’t earn any eBay bucks on these purchases but could be useful for getting some cheap eBay gift cards to use. Shame about the limit.
Other useful posts:
I thought that purchase of EBay gift cards didn’t earn EBay Bucks.
That’s correct. Will never said they did. He even explicitly said
“Ebay Bucks are NOT earned on Ebay Branded Gift Cards”
He also said “I’ll also list other profitable gift card deals below.”
Notice the use of the word other.
How do you find out if you’re targeted? I’m looking on My eBay, but not seeing it. Of course, that means I’m probably not targeted.
You will receive an email from eBay to activate the 4X offer if you are targeted.
Thanks, Jonathan.
I am an idiot. I activated the 4X offer and tried to buy something but all I found were only 2% back. I scratch my head for 10 minutes and finally realized that the sales starts from 8:00 am PST.
You aren’t the only one to experience this. Whenever eBay sends out emails with eBay Bucks multiplier offer(s), they expire at midnight PST either the same day or a day later, but they always start at 8:00 AM PST (and not at 1 second past midnight of the day they sent out the email as you would expect.
Is it my imagination or has ebay become a wasteland for discount gift cards? I see very very few gcs with discounts. Fewer that approach 5%. It makes the margins so razor thin that I’m not sure this is worthwhile.
There are probably good reselling deals though.
No, it’s not just you. It’s bare right now
This deal makes full price gift cards profitable. Your getting 8% back in bucks, then another 5-10%+ back buying the eBay gift cards and then another 1-1.2% from a portal.
OK thank you but can you please be specific? not many gift cards can be resold at 88% or more, especially if one doesn’t want to mail them in and just sell codes.
Well. Ebay GCs don’t earn 8X ebay bucks. So, what makes you think this 4X ebay offer is profitable? Can you give other examples of money makers?
Do you guys really need to be spoon fed this stuff?
Go to giftcardwiki.com, and look for gift cards with the highest sell rates.
The highest sell rate gift card goes for 92.5% of its face value.
So now go on eBay and search for those cards. They actually have a shipping fee of $3.95 for the $100 ones for this particular merchant, but it appears to be one shipping fee per order.
So first go buy $500 in eBay gift cards with Chase Ink. You earn 5% = $25 on this purchase. You probably won’t get a portal payout from eBay buying eBay gift cards so I’m not going to factor that in. If you do, great, even more profit.
Use this to buy 5x $100 of the high sell rate gift cards. Now you’ve earned $500 * .08 = $40 in eBay bucks. You’ve also earned $500 * .012 = $6 in portal cash back.
Sell these for 92.5%, which gets you $462.50.
Suppose you’re only selling these gift cards. Factor in postage at $2.50 because you want tracking (this amount is not exact).
Profit = 25 + 40 + 6 + 462.50 – 2.50 – 500 – 3.95 = 27.05
That’s a 5.41% profit margin.
Your profit margin goes up for bigger orders because you amoritize the shipping fee on this particular gift card (Note: you may find other gift cards that don’t have shipping fees).
I intentionally left out which gift card sells for 92.5% because I don’t believe in spoon feeding. Hell this entire comment is probably spoon feeding already.
Actually that’s helpful. I hadn’t factored in the double dip, which Chuck doesn’t mention above, but is pretty standard technique. I just hadn’t put two and two together.
As a good sport, I’ll add that you use Gyft for the ebay card 5x AND get the befrugal 2% cash back.