What do Scammers do with Playstation, Itunes, XBOX etc Giftcards to make money?

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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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Anonymous 0 Comments

Usually through resale. Giftcards can be resold to 3rd parties and because the scammer didn’t need to pay for it they can undercut the official markets. The people buying the cards don’t know it’s a scam, they just think they’re getting unwanted giftcards.

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