One of my current side gigs is buying and selling discount retail gift cards and reselling them to gift card exchanges through a process I call Gift Card Arbitrage. I’ve written about it numerous times and while I don’t move as much volume as I used to, ebay is still great source for easy flips that I do for the extra miles and points. The two primary gift card exchanges that I sell to are SaveYa and Raise as they gave me bulk seller status once upon a time, but I will also sell to ABC/CardCash if they have the best rate.
Unfortunately, I recently sold a few gift cards to Raise.com expecting the bulk seller commission rates I was promised and only found out after the fact that I was no longer considered a bulk seller! Luckily, this particular transaction only cost me ~$5, but the situation could have been much worse if I was selling a different brand with a larger commission discrepancy or larger volumes. Apparently Raise now enforces a minimum sale threshold to maintain bulk seller status, but the worst part is they can change your account status without even informing you. I’ll break down what I know below.