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TulipTools Internet Business Owners and Online Sellers Community › Online Auction Industry, B2B Trading Sites, Classified Ad Sites, Fixed Price Venues, and Malls › Barter, Swap, and Haggle Sites
New Marketplaces Buy, Sell, Trade Gift Cards

  
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New Marketplaces Buy, Sell, Trade Gift Cards
12-04-2005, 01:49 PM,
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mandy Offline
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New Marketplaces Buy, Sell, Trade Gift Cards
Quote:Instead of buying themselves a nice little something, thousands of people are selling unwanted gift cards at a discount, swapping them like baseball cards and buying them up to use for their holiday shopping.   

It has the air of a mini stock market: On Cardavenue.com yesterday, a $200 Best Buy gift card was going for $175 with less than a minute left to bid. Meanwhile, another user was looking to trade a $25 Gap card for one from eBay, Marshall's, Target, clothing store Guess or home furnishings store...

Total gift-card sales this year are expected to reach $66 billion...

...12 percent to 14 percent of those cards are likely to go unredeemed. That has created a growing "aftermarket" for the cards

full article: http://www.washingtonpost.com/wp-dyn/con...technology
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