Posted by Chuck on November 3, 2017
Manufactured Spending

Published on November 3rd, 2017 | by Chuck

155

[Now Hard-Coded] New USPS Memo: Gift Cards are Not Accepted to Buy Money Orders

[Originally posted 11/2/17. Reposting 11/3/17 since it’s now hard-coded, at least is some areas, maybe everywhere. Seems to have happened overnight since yesterday 11/2 people were still having success. See data points in this Reddit thread.]

Milesperday just posted a memo which was sent out (regionally?) indicating that prepaid gift debit cards are not a valid debit card to buy money orders at the USPS. The memo also states that it will be hard-coded soon into the registers not to accept prepaid cards for money orders. 

The memo also gives tips to the cashiers so they can recognize someone who is using a gift card:

  • If a customer has a stack of debit cards, preloaded for $500 or $250 each, and they want to buy money orders with them, they are almost certainly not linked to the customer’s account.
  • Gift cards do not normally have the chip embedded in them.
  • Gift cards do not have the customer’s name on them.
  • Gift cards will of then say so on the front of the card.

For now, it could still be possible to buy money orders at USPS depending on the cashier, but keep this in mind before you load up on gift cards, and ensure you have a backup plan.

USPS money orders are the favored method of most heavy MSers for the past year or two. This is partially due to the fact that Walmart got more difficult to deal with, not all cards work anymore at Walmart, and additionally, Amex stopped allowing MS on Bluebird/Serve cards. Another factor is that at some point in the past few years the USPS system was updated and in the process began allowing many more prepaid debit cards as payment methods than had been previously allowed.



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155 Comments on "[Now Hard-Coded] New USPS Memo: Gift Cards are Not Accepted to Buy Money Orders"

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Matthew
Matthew

Ugh. omg. What the hell am I supposed to do now?

Justin
Justin

I predicted at the beginning of 2017 that all VGC–>MO options would be dead within 2 years. Walmarts in my area have cracked down and looks like USPS is as well.

Accepting business partners for a business that only sells VGCs and MOs…

Bryant
Bryant

I’m in on that business!

calwatch
calwatch

It wouldn’t be that profitable. I have a friend of a friend who is willing to run a few thousand of debit VGC a month in return for cash (from a business, basically converting cash sales into card sales with a net zero impact) and will charge 1.5%. The big players have signed these special deals for debit payments, but small businesses don’t have access to those.

bodiddely
bodiddely

This is horrible news. Hope that hardcoding takes a long time 🙁

Audrey
Audrey

I thought Metabank gc were already hard coded not to work. They haven’t worked around here ((NJ) for a while now.

bob
bob

yeah, the image shows a Metabank (possibly a Sunny). USPS stopped taking those a while ago

AL
AL

I got a MO this morning and saw they had a new POS software interface. Knew that couldn’t be good

Jon
Jon

Al, did your transaction still go through? Any problems given by the clerk?

Also, general location?

Appreciate the DP

Andrew
Andrew

I noticed the new software interface at my local USPS last week but was able to do a split payment for my MO as usual. I haven’t tried again since, however.

Max
Max

WHAT THE FUCK.

Seriously, FUCK USPS. They benefit from these transactions. There is no actual fraud problem (this reminds me of “voter fraud” if anything). A number of smart savvy consumers are benefiting from a service USPS provides. As a result, they can’t stand that and are trying to kill it. Does every government (or… closely tied to government) organization want nothing but inconvenience and irritation from regular people?

It’s a combination of spite at savvy consumers and maybe pressure from banks. We are the citizens, not the banks. This sort of action is detestable.

WR
WR

Angry, bitter and stupid is no way to go through life.

Jinx
Jinx

REMAIN CALM ALL IS WELL

Darv
Darv

While I don’t MS, it has always been hard for me to imagine this on a number of levels. For one thing, it’s the mere perception of fraud or suspicious activity that they or any other supplier/merchant is trying to avoid. You aren’t committing fraud but to anybody reviewing the activity, it’s an obvious red flag, just like buying the same amount over and over on an Amex card is a red flag for their RAT.

I personally would not be able to handle the anxiety of carrying around thousands of dollars in Visa/MC/Amex gift cards to liquidate, but that’s just me. We all have different risk tolerances. If just one of these $500 cards goes missing or doesn’t work, whether because of actual fraud by someone else, then your profit margin is gone just like that.

But if I’m somebody in risk management at the USPS, I would ban this stuff too. It’s definitely suspicious activity and as such can give auditors the perception of fraud and it’s not something anybody there wants to manage.

Darv
Darv

On top of this, I would never mess around with the USPS. I think it’s one thing to play games with Walmart or CVS but I wouldn’t want to make the USPS mad. I’ve read some bad stories about it and I wouldn’t want a government official at my door over…whatever.

I used to work at a bank. If you see something suspicious, that is out of the ordinary, it is supposed to get reported, if not to the government, to a bank official. MS methods are simply not normal, and unlinked debit cards represent risk to all involved parties. If done in volume, I can understand why the USPS doesn’t want to be part of that.

Electroman
Electroman

Yes, if you mess with USPS, the people they send are Postal Inspectors. A nice-sounding name, but they can be very intimidating if they want to – and yes, they are law enforcement officers.

rick b
rick b

If you’re not breaking any laws, what’s the worry?

Terri Clark
Terri Clark

Having to prove you are not breaking any laws when you are innocent, no thanks. I’ve never done USPS money orders.

Maifriend
Maifriend

They have to prove that you committed fraud or any illegal acts. Paying MO with VGC is not illegal nor a fraud.

dood
dood

when it comes to cash, “they” dont have to prove jack squat. Carrying large amounts of cash is reasonalbe suspicion

adam d
adam d

I wouldnt want Newman coming to my door either.

Ferris
Ferris

You are obviously not a “regular person”. There are certain regulations institutions dealing with money have to enforce. Don’t forget what MSers do is often what money launderers do as well, minus the legality and intent.

The $500 VGC churning will be over before too long. After that, you’ll be able to use your Chase Freedom and Ink 5% categories (maybe) and that will be it.

George
George

Wrong. Please look into what money laundering is and stop spouting this bullshit.

MZ
MZ

Why do ppl keep saying this MS looks like ML? How exactly? Do criminals use cash to buy gc in order to get MO??? Then shouldn’t we make gc sale cc and dc only? Lol

meed18
meed18

Criminals don’t use cash to buy gift cards, they use stolen credit cards. The also spoof gift cards. And then some of them unload them at USPS into a money order.

hiima
hiima

It’s probably not so much the fraud problem, since that’s actually impossible. Pin based transactions can’t be chargebacked, that’s like saying your atm withdrawal can be chargebacked. But, the swipe fees are always more than the MO fees. The MO fee is ~0.15%. Their swipe fee is guaranteed higher than that. Their losing money every 1k MO.

CtownBin
CtownBin

If that were the reason, they would ban ALL debit card purchases for MO, not just gift cards. The swipe fee is the same for all PIN-based transactions. The fact that regular debit cards will continue to be allowed suggests that they’re worried about something else, not the swipe fee.

James B.
James B.

Another clockwise turn on the spigot for consolidating GCs. This appears to take effect immediately, although some USPS terminals are not hard-coded yet.

Pissed off
Pissed off

I’m out. Nice knowing everyone

Joe
Joe

The Horror…

calwatch
calwatch

Here’s the F101 document referred to, which states that pin based debit cards are allowed but never specifically calls out gift cards: https://www.apwu.org/sites/apwu/files/resource-files/F-101%20Field%20Accounting%20Procedures%2010-13.pdf

I suspect that the personalized gift cards bought at giftcards.com and GCM will still work, but it will likely be similar to WM where suspicious cashiers will check for a name.

banananon
banananon

GC.com and GCM are all Meta now… so good luck with that.

Anthony
Anthony

Are they hardcoded against Meta? I also thought they had some MCs?

Mimi
Mimi

The PO has been hardcoded for Metas for about a year(?) now but Bancorp vanillas are still working. It’ll definitely arouse suspicion now if one does split payments of $500 each, one swipe of non Meta VGC may still work as long as the cashier does not ask to see the card.

Aaron Myers
Aaron Myers

I was just about to post this, any pin-based debit cards should work… that’s the ‘official USPS policy’

PSJc1eAmawCjwfbdf
PSJc1eAmawCjwfbdf

This is from Oct 2013. They send out updates periodically. I haven’t been able to locate a newer version (in entirety) yet though

barrytuneup
barrytuneup

bought 4 k at 2 different PO this AM. Used 8 OV cards. No problem. Upstate NY. Saw new software has been installed, but still worked fine. The clerks here never ask to see any card I use. Hope this update takes forever.

Vic
Vic

Thank for the DP.

If I may ask, how did you know there’s new software installed?

barrytuneup
barrytuneup

the terminal has a different look: a small icon on bottom right, the dots when you input pin are now big stars and the screen asking to swipe card is not dark as before.

Abelian Grape
Abelian Grape

Did you fill out the form (I’m too lazy to look up its number)?

One thing I’ve absolutely never done is buy $3k of MO in a day from different POs to avoid filling out the form. It’s one thing to get shut down by AmEx or Chase; quite another to run afoul of the feds.

John
John

What is OV card ? Thanks

Mimi
Mimi

One vanilla bought from grocery stores and drugstores.

perl
perl

Can I know your zip?
I am in Upstate NY too, get denied this morning…

C.P.
C.P.

Same here in NJ this afternoon.

SamSimon
SamSimon

barrytuneup – hey, do you split the payments, just curious, buying $1,000 money order using 2 prepaid cards or you just buy one MO for $500?

TomT
TomT

Bummer. Even with a friendly local USPS office, I am glad I decided to switch to bank account funding as my primary means of MS, strictly for sign-up bonuses. I’ve never been interested in MS beyond that.

Vic
Vic

Bye bye Estella and Mary. I will miss those day when I see you everyday 🙁

mark c
mark c

Are those ladies hot?

Leo
Leo

They work at a USPS – of course they’re not. They’ve been sitting on their butt at the counter for 30 years.

ZZ
ZZ

DP: OneVanilla by bancorp was rejected yesterday. I tried 2 different USPS in my area, all the same.

borntobehermit
borntobehermit

what state/area do you live in?

Stacking Points

My OVs worked just fine at USPS in Beverly Hills.

Don
Don

Good. If I never hear the phrase “manufactured spending” again, it will be too soon.

rick b
rick b

leave and don’t return, you jealous bitter a-hole

Don
Don

Nothing to do with being bitter and jealous. I have a fistful of credit cards and could have MS’d like crazy. The whole thing was an absurd loophole and it’s nuts it lasted so long.

People flying first class all over the world after buying and liquidating gift cards. Loony tunes.

mjs
mjs

Thanks for clarifying you’re not bitter and jealous. Just bitter, jealous, and too lazy or self-hating to do it yourself.

Don
Don

Ha ha ha ha.

Someone’s mad the gravy train is grinding to a halt.

AlwaysFlying
AlwaysFlying

Well I frequently fly economy and on occasion business on very long hauls. Most of my points come from CC sign ups and work purchases. Those first class flights are either memories or sales pitches of credit card selling blogs 😉

Mser
Mser

Well, as a MSer, I thought it was nuts too. But it’s legal, the banks didn’t object and willingly gave tens of millions of points and substantial cashback. It’s beyond laughable that banks incentivised sales and not profits, but that’s how their bonus pay/options were set up by their Boards. It was the more the merrier and who cares about shareholders? Who are we to criticize their decisions? Or worse yet, be stupid enough to fail to accept their largesse? About time some clued-in consumers were able to loss center. I get as much pleasure knowing I’m a huge loss center to some bank as I get from travel. 😉

Xxx
Xxx

Angry, bitter and stupid is no way to go through life.

zap
zap

Just got a 1K MO with 500 oneVanilla VGC + 500 MCGC from the Safeway promo 30 mins ago.

Ryan
Ryan

How does the onevanilla work?

Stacking Points

You’ll need to look that up yourself–people in this hobby are very averse to “spoon-feeding” information to people. Good luck! 😀

TheMonkeyTech
TheMonkeyTech

Which ahole blogger went on a tv show and demonstrated the VGC-MO process? I blame that guy, we need to lynch him.

David
David

Wait…what? Where did you see this. It was a Webex right not an actual TV show.

TheMonkeyTech
TheMonkeyTech

It was television for sure, I’m trying to remember what the program was called.

Webex is pointchaser, its an okay website but I don’t think the following is large enough to draw much attention.

After they closed the Venmo/AGC loophole, that hurt hard. This is just as bad since the closest walmart is over 30 miles away for me.

Jags
Jags

It was Richard Quest on CNN International. They did a friggin’ circle diagram “CC -> VGC -> MO -> Bank Account -> CC bill”

John Nair
John Nair

Yeah, it’s this video :

https://youtu.be/LRVwTsZu8tQ?t=2m47s

Justin
Justin

I honestly think there is very little fraud in the giftcard to money order transaction because there should be a pretty clear paper trail from the fraudulent purchase to the deposit of the money order.

Therefore, I think it is simply a matter of the giftcard issuing banks losing money on the cards if they aren’t profiting from interchange fees from credit card transactions.

Then, the banks put pressure on the money order retailers using “fraud” as the reason they shouldn’t accept them.

TheMonkeyTech
TheMonkeyTech

That makes a lot of sense actually!

We churners have been taking blow after blow in the last 2 years…

Stacking Points

The fraud doesn’t occur in the GC->MO step of the process, but rather the Stolen CC->VGC step. GC->MO is just a great way to turn the proceeds of fraud into cash, but GC->MO isn’t fraudulent in itself.

Justin
Justin

What I mean is that they should know which giftcards were purchased with the stolen credit card and then which money orders were purchased with the giftcards. Now, they just have to find where those particulat money orders are deposited or cashed to find the perpetrator.

This seems like too easy of a way to get caught to actually work for fraud.

Xxx
Xxx

Except these scammers route their money through the bank accounts of mules. It’s hard to follow the money.

Ed
Ed

I heard directly from store employees that it was not the card issuer or banks that ended up wanting that store to stop accepting vgc for mo, but that it was just one ms’r that caused management to say no to everyone. That one ms’r was the “go big or go home” type of person who would foolishly bring in a stack of cards to use. They thought they had a good relationship with certain cashiers, but the whole time they thought he was doing too much. I’ve seen this same attitude on FT forum of ms’rs who never think it’s their fault for getting something or an area shutdown. Moderation means a lot and being wise to spread out purchases so you don’t kill locations. Finally that guy, which my wife saw, left the area to seek out another area to destroy for others. He was selfish and didn’t care about the repercussions and the wake of ms destruction he caused. Once that guy was gone for a while, we were able to start buying mo’s again, but they knew we wouldn’t kill it.

SamSimon
SamSimon

Ed, then stores should just enforce – show ID and/or one MO per day or week with Gift Card or Prepaid card! Simple! If employee making many transactions per day – it mean they are doing something on the side, and just investigate what this employee is doing and fire or tell them to stop making MO for 1 person more then once!

RightNYer
RightNYer

I agree with the others who say fraud is just a smokescreen. The real issue is that the gift card sellers lose money if they are used to purchase money orders. As it is, they get 2% if used for spending, but only $.19 (I believe) if used in a PIN based debit transaction. Let’s use the below numbers as an example. If a grocery store can sell a $500 card for $505.95, and assuming they’re paying $10 in fees, that must mean that the grocery store is only paying $490 (at most) for it to be worthwhile. The issuer is getting the $5.95 activation fee + $10 in fees when spent, so the issuer is making a $5.95 profit. If the Issuer is only getting the $.19, they’re losing at least $4 per card. I suspect that they put pressure on Walmart and USPS. If anything, using cash to buy money orders would be more indicative of money laundering.

WR
WR

Yeah right, it’s “Big GC” pulling the strings behind the scene! Right.

RightNYer
RightNYer

“Big GC” represents large national banking associations. If you don’t think they have sway in the government, you’re deluding yourself.

calwatch
calwatch

I tend to think it is the USPS which is now seeing increased volume in MO sales. Prior to MS the last time I bought a USPS MO was for eBay purchases in the pre-Paypal era. The MO fees are fine for smaller dollar amounts but may not be sufficient when people are doing $1000 ones.

V
V

Why not just raise the fee on MO’s?

MZ
MZ

They could just shut down pin based transaction feature, right? What difference does it make buying MO vs doing debit transaction at Walmart (intentionally)?

digitalpop
digitalpop

They actually can’t shut down PIN-based debit functionality. They’re required by federal law to offer 2 differing payment networks on which to run transactions on. This is why PINs arrived on GCs in the first place ~8 years ago.

MSer
MSer

Pins were required to be offered thanks to.Dodd-Frank and were in place 4/1/2013, which kicked off the Golden Age of MS (which lasted about 2 years). It’s been a steady downhill grind for MS since mid 2015

Rena
Rena

I went to USPS 5 minutes ago, and was able to buy a $500 MO with OVGC.

However my sunrise VGC (with pin) was declined – not sure if this is new, this was the first time I tried to use a non-OVGC.

Ewejay
Ewejay

Sunrise work like Metas and have been blocked for a year.

Daniel
Daniel

I noticed new POS UI yesterday. But didn’t realize this could be the signal of a huge event like this. The POS actually got another update since May, if you know what I mean.

Now the real problem is how they interpret the word “soon”. If there is a clear timeline, at least we can act accordingly. Essentially, this “soon” word sounds like “immediately” to me, cause you never know when it will come.

MarcoPolo
MarcoPolo

Looks like RAT got the people again this time.
There was a time when people used to get the RAT.
This marks the beginning of the end of human race as we know it 🙂

Ryan
Ryan

This is why I moved on from MS to reselling a year long ago. MS is too much work for too little benefit. At least with reselling while there is more risk and work, much larger profits.

James B.
James B.

Hi Ryan,

What blogs to you recommend reading for resell strategies?

E Dantes
E Dantes

Would be interested to see site recommendations also for reselling, if you don’t mind. Thanks!

Superchurn
Superchurn

well this is damned disappointing

Mike
Mike

If it is what it seems it might be, it’s bad. Very bad. And it won’t bring much joy to Ink Cash users. On the other hand, the memo carries a Visa card and I’ve been using MasterCards at USPS for the past year or so.

SamSimon
SamSimon

prepaid master cards? can you name few? thanks

Mike
Mike

The ones Staples sells work at my local USPS — or did. I’ve been on the road overseas with my ill-gotten gains for a month as of this morning and thus have no recent usage to report. Incidentally, I always buy (bought?) my Postal MOs one at a time, so I have experience to report on split tender transactions either.

SamSimon
SamSimon

“so I have experience to report on split tender transactions either” you mean better never try to split the payments and obtain $1,000 MO at one time, just keep it simple getting $500 ? thanks

Nick
Nick

I don’t MS, but other than Square (which can run amok of their rules), MOs seem to be the best way to cash out these pesky rebate cards. You can buy store gift cards with them usually, but sometimes you just want the cash (especially if the card has hundreds of dollars on it and you don’t want to tie it up with one store).

mny
mny

wow, bad news for sure.
what these companies are going to realize soon though is that they may have killed off the churning of gift cards but their volumes are going to plunge. Then they’ll have to evaluate why they are even in the business. Who in their right mind on a regular basis buys a prepaid vgc/mc and pays over face value to do so ?? MS’ers help spread the cost of that business model, even though we might be loss leaders. Same exact thing as Staples selling copy paper at $0 after rebate, we help them justify truckload buys vs. smaller buys with higher wholesale prices.
They might help kill off unprofitable sales but all those rack keepers who restock the gift cards aren’t going to have much to do either.
Similar to ebay/PP not accepting ebay gift cards for gift cards / precious metals, I’m guessing ebay volumes have gone down dramatically. And now to get buyers interested, they offer their sellers huge concessions in precious metals that must be cutting into ebay profitability.
As for the poster above who dislikes MS, not sure why that is to be honest. If many areas of MS dry up, it is going to make a lot of other areas less attractive to do business in as well imo, that includes all the travel deals, along with signup bonuses.

Not a great way to start off the big gift card season 🙁

Schmekel
Schmekel

” Who in their right mind on a regular basis buys a prepaid vgc/mc and pays over face value to do so ??”

People with bad credit who can’t get credit cards.
That is probably a huge % of the USA population.

Richard
Richard

Wow you have to realize the world doesn’t revolve around you and us churners. Funny but incorrect because I am was only one MSing at a small town grocery story 1k every few weeks. HQ would have to call up to verify with the manager they checked my ID. I thought there were others MSers because the OV would run out every few months but NO, it’s regular people in this regular small town buying them up. One time a cashier was wondering why she didn’t get the discount on the $200 vgc promo and she realize she bought the $100 vgc instead. There’s a reason why there is a $50 and $100 vgc and not just the $200 vgc sitting on the shelf. The average consumer (target market) still buys them.

Gerald
Gerald

My local post offices in the NYC area have disallowed gift cards for MO purchases for quite a while.

Matthew
Matthew

It wouldn’t surprise me if USPS is cracking down bc of real money laundering. After all, gift cards can be purchased with cash, that can’t be traced, and theoretically, money orders could be treated slightly different than cash deposits since it’s a pseudo-check. It only takes a call from the FBI to ruin it for the rest of us buying MO legally.

MSer
MSer

In last 5 years of MS, only once saw someone buying gcs with cash – and was $100s for Xmas gifts. I’d be surprised if all sorts of alarm bells weren’t going off if someone was buying $500 gcs in volume with cash like we do with ccs.

This is likely coming from some useless minions in the bowels of laughably misnamed Homeland Security trying to justify their existence and deciding it’s money laundering in support of IS IS or some such hysterical nonsense.

RightNYer
RightNYer

Why would you do that? You would just buy the money order directly with cash. No reason to have the Visa middle man.

Matthew

Good point! Maybe less suspicion with debit? More likely some bad eggs are buying VGC with stolen CC actually. Or maybe it’s a simpler answer of USPS isn’t making money on MOs with VGC, especially when they’re doing 5x $200 VISA cards per MO. I think they pay a merchant fee per swipe. With one card, they make some money, but 5 over a $1.60 fee is probably unprofitable. At least with Walmart, they have a long-standing tradition of offering one-stop shopping, so if they’re losing a little bit of money on MO, they probably don’t care as much as they hope to sell other goods for the convenience of having everything. I admit that I often just do my shopping there when I need a few things and have MO to buy.

Mimi
Mimi

This hurts the same way for a lot of MSers as the first wave of Redbird followed months later by BB/Serve mass shutdown:(

Reuben
Reuben

+1

reuvenhunt
reuvenhunt

When one door opens, another opens.
Here’s my MSing history.
First I found Amazon Payments. I MSed $1k/month.
Then I found Red Card. I MSed $5k/month but only got 1x.
Then I found Serve. I MSed $5k/month but mostly on 5x categories.
Then I found MO’s. I upped my MSing to $10-20k/month.
Here’s to brighter futures!

kupalzky1
kupalzky1

this is how USPS lose any businesses from us MSer, if they are only smart charge double and you will make money.

did MO today I noticed something new in their card reader. but didnt really pay attention. $2k MO – in NYC

Bill
Bill

I see the new icon for secured in the lower right corner of the card machine; that was new for today.

Thankfullt I was able to cash out my last 2k of vanilla.

RightNYer
RightNYer

I thought most people who MS still use Walmart to get MOs. Why are more people using the PO?

Kupalzky1
Kupalzky1

No walmart in nyc lol

Al
Al

WM cut back to 2 swipes from 4. PO didn’t accept my Metabank VGCs.

Mimi
Mimi

The midwest WM I went to still took 4 swipes this morning so it must be YMMV and not hardcoded. Once it’s hardcoded to their system, it’ll be enforced in all regions.

Mimi
Mimi

you’ll be surprised how many people have turned to the PO since a lot of “birds” died. Either they have no WM, MS unfriendly WM, grocery stores in their area accept only cash for MO or USPS is their only option to buy MOs. I guess the sudden surge in MO purchases by the thousands may have triggered this policy. On FT, there are those saying they buy $10K of MOs on a daily basis because they can; I am not surprised the postmaster general finally took notice.

TheMonkeyTech
TheMonkeyTech

No Walmart within a 40 minute drive of San Francisco. And the one Walmart in Palo Alto that is a 45 minute drive away – the money order system is always “down”.

Time Traveling
Time Traveling

In other news: Forget your checked luggage. Finnair is weighing passengers…

https://www.cnbc.com/2017/11/02/forget-your-checked-luggage-this-airline-is-weighing-passengers.html

Don
Don

Until it is hard coded for a $50 investment off eby you could always start cloning the gift cards to a bank issued Debit card with your name on it. I am not sure on the legalities but if you own both cards I don’t see how it could be an issue. Most of us probably have a stack of old cards from the accounts we have churned.

SamSimon
SamSimon

wow, gonna lose money, $50 for each GC? 10 GCs will cost you $500? man better use the GC and buy things (food) many stores accept GC as payment…

SamSimon
SamSimon

my bad, I got it, you buy tool for $50 and clone GCs to your bank Debit card? Ok, might work, very interesting how it will transfer money from GCs to Bank Card…

Chaser123
Chaser123

Hopefull the lines get shorter now at the post office.

NBG
NBG

I can see why USPS would do this. If they see a spike in MO using GC’s, that is just a matter of time to have some news outlet reporting along the lines of saying ‘US Govt encourages money laundering’ (even though it is not for those with MS intent). The money they earn with the fees vs the bad publicity/headache isn’t worthwhile for a govt agency. I might be wrong, but that is just my thought about this.

On a lighter note: All MS/churners should unite and form a legal company and accept members for a annual fee (to pay for the existence) and allow legal MS and penalize member folks for not churning (have a anti-RAT team) :).. At the end, all loop-holes will dry up and we will be left with nothing (imagine Mad Max:Fury Road with MS folks).

Prem
Prem

Just went to 2 PO’s and was able to do MO’s without any issue……touchwood

Guess Make merry while the Sun Shines as we’ll know it is going to eclipse SOON😡

kirk
kirk

i just did greendot like 5 minutes ago and the clerk was business as usual. didn’t even look when i was swiping.

498 mo + 1.20 fee = 499.20 + 0.80 *amazon reload
round number with no cents makes me feel ‘safer’. :p

SamSimon
SamSimon

why you didn’t purchase – $498.80 money order?

kirk
kirk

imo easier that way for the clerk. less chance of screwing up the entered number. and i don’t mind loading the remaining balance to amazon.

Maifriend
Maifriend

Went to PO at 4pm PST in San Jose, CA. Unloaded 4 VGC, no issue.

H XU
H XU

Confirmed, VGC dead in USPS

read as credit after swipe

NBG
NBG

Same with MCGC?

H Xu
H Xu

like US Bank MCGC?

dare not buy……

NBG
NBG

Yes. US Bank MCGC. Just read in reddit that also seems to be dead 🙁
I unload all my holdings 2 weeks back. So no weight in hand.
Well, on to other greener pastures!

Don L

Curious, were you able to input a PIN before denial

Jags
Jags

It’s dead, Jim.

AL
AL

Well…time for Plan B. Aka the new plan A. Fun while it lasted.

paz
paz

Being a big procrastinator, glad I got another 2k in last night, before this overnight “update”. Now the cost of liquidating the USB MCGC from Safeway just got higher.

quasimodo
quasimodo

I was once in line to cash out a single $500 VGC and I could see there was a single individual who was requesting multiple money orders. He was holding up the line. Multiple…as in, more than 5, but probably less than 15. The cashier was clearly frustrated at this guy. People like that ruin it for everyone. Tragedy of the commons….

TheMonkeyTech
TheMonkeyTech

There are always people like that, shameless and more than willing to ruin a good thing for the rest of us. I’ve always been friendly to the local USPS staff, did a single swipe for a MO and only bought 2 per trip. On one occasion they checked my card and tell me that they cannot run a gift card – I would say sorry i didnt know and thank you for telling me. I didn’t make a fuss and tried to be quick and polite. But I’ve also seen people go in there and ask for a dozen MOs and doing multiple swipes per MO etc and pissing everyone off at the PO. I still have a single unicorn left and a way to liquidate the VGCs, this is why we share rejections and shutdowns online but not successes. We need to keep secrets to ourselves so it doesn’t get ruined by certain hogs.

SamSimon
SamSimon

TheMonkeyTech – hey, can you please just give a little hint, “still have a single unicorn left” is it online, is it in stores, does it involved Money Orders? thanks in advance for the tip! samsimonusa@gmail.com

johnnyp
johnnyp

Get real, you think because you do $500 at a time it would have saved this from happening. I’ve done multiple with cashiers who I’m friendly with even when the lines were long, when they know you they don’t care.

Rudy
Rudy

Yep just came back from PO and VGC did not work and read as CC’s. Denied. PO master was nice and tried different amounts but guess this avenue is done for NOW……………all such things close sooner or later But i am pissed at all those who did multiple MO’s in single visit or upto 10-15k in month and abused the system……………..i wish they were collectively riding bikes on that NY street wearing T shirts showing ‘MO ABUSER GROUP” instead of the actual ones………..

ChiCUBBIEinCA
ChiCUBBIEinCA

Bought nearly half a million this year (and over a million each of the years before that) and cleared over six figures in profit.

It was good while it lasted. Paid off my mortgage with my USPS runs! And with the rise in housing prices over the last couple years this was a god send.

No regrets here! Go hard or go home.

David
David

You could’ve also just found a regular job, or a higher paying one for all that time you wasted.

RUDY
RUDY

There is no difference between IS#S azzholes who hurt others for religious beliefs and selfish Dastards like you who hurt others for personal gains……….no wonder world is becoming full of people who have no sympathy for others and hatred spills from people’s breath and sweat……Based on your lack of empathy for what has happened, i would dance on graves of people like yours………hopefully soon………..FU$%*NG AZZ#0$#S

Rene from SoCal
Rene from SoCal

Boo hoo. Someone used MS to change their entire financial future. You didn’t have the brains or ballz to do the same. Now you cry that you can’t make minimum spend on CCs because your financial position doesn’t afford enough spend to hit SUBs organically. We should all strive to achieve your brokeness.

ChiCUBBIEinCA
ChiCUBBIEinCA

Spent ten hours a month, plus I’d buy $20k-$50k in a shot at a visit to the PO. Not worth my time to get $1k-$2k a visit

Well worth it. Invested a huge chunk of that in the stock market two years and turned it into about a half million. Sold all my positions last month.

So paying off my mortgage and walking away with $500k in cash?

Yea….that was worth 10 hours per month

calwatch
calwatch

Congrats on finding that unicorn post office. Many people have spent more than 40 hours driving around and testing and still couldn’t find one which would do them in volume.

Mimi
Mimi

IIRC, there’s a guy from CT who does $10K daily at his PO with all staff knowing what he does and are fine with it. I wonder if he can still do this now? This was posted on FT and reddit.

David
David

It’s HARDCODED into the terminal. Even if the staff let him he still can’t do it anymore.

meed18
meed18

I call BS. 5% of $1,000,000 is only $50,000. How do you get six figures from that?

Zachek
Zachek

> Bought nearly half a million this year (and over a million each of the years before that) and cleared over six figures in profit.

that sounds like around ~$2.5 million to me (of which 5% would be $125,000.)

SamSimon
SamSimon

meed18 – the main questions: 1. Did he used 3 or even 4 credit cards, and maybe under different names? Otherwise credit cards would shut him down – making same purchase over and over again. Which stores we used to purchase it, and they allowed him such transactions over and over again? They had in stock his prepaid cards? Which one did he used One Vanilla? Store had in stock 20-30 cards? Or he traveled different stores to purchase them. 2. I doubt that he was able to find USPS to buy $20-$50K MOs in a shot, who would allow it? managers will not let him do it probably, and employees certainly don’t wanna do it, maybe he paid them a bit? Did he split the payments to get $1,000 MOs, otherwise he would loose a lot, I just cannot believe who will allow it over and over again every other day. 4. Which bank allowed him to deposit so many money orders or he used 5-10 different banks. (Stores to purchase Visa GCs, Credit cards to purchase them, USPS to get MOs, and bank to deposited money orders) – way too many “people/variables” involved here.
Either he knows people, pay them, connection-networking, or he is trolling.

SamSimon
SamSimon

meed18 – it’s make sense, he wrote “Spent ten hours a month, plus I’d buy $20k-$50k in a shot at a visit to the PO. Not worth my time to get $1k-$2k a visit

Well worth it. Invested a huge chunk of that in the stock market two years and turned it into about a half million. Sold all my positions last month.”

C.S.
C.S.

Is there any way to liquidate Vanilla VGC in Canada side?

Oliver

Sorry guys, this is all my fault. At least some of us got rich before they cancelled us. I bought all the giftcards at sams club so they switched over to $250s thinking that would stop me. All that did was lower my daily profit from $900 to $600. So that made Sams club mad and they stopped selling giftcards to anyone except little old ladies buying a $25 giftcard for junior’s 13th birthday. Then the post office got mad that I was bringing in mucho stacks of $250 giftcards. They were sorta mad about my daily stack of 60 $500s but got really steamed when I started bringing in 120 $250 cards and it took more than an hour each day to check me out. It was a one two punch, first Sams screws us, then USPS follows up. I beg for your forgiveness.

SamSimon
SamSimon

holy crap, ~$18,000 monthly profit for 3 hours of “work” a day! not bad!

SamSimon
SamSimon

Curious now:
1. Did you use one same credit card with $30,000 limit everyday? I think you need 2, or 3 to pay the balance.
2. Which bank credit cards were you using? No issue from the bank side?
3. You got ~4 points for buying Gift Cards? Which cards give you so many points for retail purchases?
4. You also split the payments for $1000 money order?
5. I think USPS would just refuse to provide you a service, and technically they were not supposed to accept gift cards as payment, I don’t think you were able to swipe 60 (or 30 times)…. and manager didn’t tell you anything…
Thanks!

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