You know how when people get scammed, the scammers ask for these giftcards, I guess so that banks can’t do anything to retrieve the money. But how do they actually get spendable money out of them?
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There is a thriving secondary market for gift cards, where people will sell gift cards for a fraction of their face value in cash.
If I want to buy stuff on the Xbox store, buying a $100 gift card for $50 is a great deal. If I want to scam you, getting $50 basically untraceable dollars is also great, even though it costs me $50 to make that happen.
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