Breaking News!
Per an article on SlickDeals, eBay has removed their $5,000 "6 month rolling" restriction.













Shut the front door, open the back, pack up the kids, and get the GCs ready!!!
That could result in some serious eBucks! Imagine how many times you could churn in one day!
No more then $500 in 1 quarter though. That limit still exists.
I do wonder what their reason was for paypal dropping the rolling limit, though.
Sales are way up thanks to GC sales. I am willing to bet they saw a slow down and researched why, GC use limits. Might be worth buying some EBAY stock soon. I bet they have a good quarterly earnings report and upgraded forecast.
It does sound like a lot of churning to get enough through target to earn $500 per quarter.
It is easier than you think. I went through $10,000 in 2.5 months.
Curious---Will the PayPal limit being lifted change your thought process on how you order?
I don't think mine will but I'm doing this on a much smaller scale than many of you. I wasn't sure I'd even meet the 6 month limit but have enjoyed following this thread & learning from everyone.
Yes, now there is no reason, through Ebay, why I can't make a purchase everyday. No need to wait for 5x offers.
Consumer goal is to make the same amount as before, but they have to churn twice now to make the same amount of money. Twice the churns is twice the profit for Ebay. Although it seems great at first glance and everyone is rejoicing, I am not convinced this is "better" ~ for us. I was making $500/quarter before. I'll still make $500/quarter. But I'll have to do more work now with higher volume and lower margin.
You will actually make more if you make more purchases thanks to rebate sites and redcard discounts.
Assuming 5% Redcard/2% Ebates at Target/1% Ebates at Ebay
If you were to churn $1000 with a 5x promo, you would get $180 in rewards/discounts. You could only do this 5 times before you hit your $500 max EB$.
But do the same thing at 2% EB$ and max out at $500 EB$, you would get $100 in rewards/discounts Multiplied that by 25 times, and you would get $2500 in rewards/discounts per quarter.
It's changing my strategy. After burning through my son's $5K limit in six weeks, we had planned to only do 5X offers in the future, but now I think we'll take advantage of anything 3X and above. My concerns are that they'll reduce the number of 5X offers or that they'll exclude gift card purchases from the bonus offers.
So what if they do. We will still max out at $500
GCM does not run Target on sale very often at all. Maybe someone here has kept track but I can only think of a couple of times and those were mostly around the Christmas shopping time. Ebay ebucks offers are far more often. At least a couple a month and it has seemed like almost weekly lately. But not everyone receives every single offer.
They had a special twice in the last 2 months.
Doesn't giftcardmall's negative feedback scare anyone else? Do you still get ebucks for buying from individual sellers?
Avoid individual sellers unless they have an impeccable rating and have sold many many GCs. There are a lot of GCs purchased with stolen credit cards.
Is anyone using their churning profits for anything else besides Disney trips?
We need to replace several appliances (clothes washer and dryer and dish washer) in the near future. We would most likely buy from Sears. Those 15% off Sears gift cards are looking pretty good to me. Especially if I could buy them during a bonus ebucks time.
I would if I haven't completely paid for all my planned trips.