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A comment on Ask HN: Why do Amazon gift cards sell for more than face value?.

Re:Ask HN: Why do Amazon gift cards sell for more than face ... by matthias on Tuesday January 27, 2009 @09:40AM (#452131)
It's due to a Microsoft cashback programme that rewards users for locating ebay items using Live search.

https://cashbackaccount.search.live.com/cashback/welcome.asp...

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Re:Ask HN: Why do Amazon gift cards sell for more than face ... by jcapote on Tuesday January 27, 2009 @09:55AM (#452154)
That explains why they are selling; Why would anyone buy them at more than face value?
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Re:Ask HN: Why do Amazon gift cards sell for more than face ... by sachinag on Tuesday January 27, 2009 @10:25AM (#452198)
No - the buyers got the 30% off. But the eBay/Cashback experiment was reported to have ended after the holiday.

Anyway, I'm sure auction psychology and the Winners Curse still has a lot to do with this.

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Re:Ask HN: Why do Amazon gift cards sell for more than face ... by lbrandy on Tuesday January 27, 2009 @10:28AM (#452206)
Erm. My strong suspicion is the reason people are selling is because the price is higher than the face value.
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