MS for freedom 1st quarter

[Anonymous]

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@goldengopher1991 wrote:
Well, don't forget buying gift cards come with an activation fee around $5.. You probably end up losing more after tallying up the total amount it cost you to get the cards in the first place

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I'm lost again. Say what now? So if I buy a $50 restaurant gift card I have to pay to have it activated? Or is this something different?

[kdm31091]

Retail gift cards such as for stores and restaurants do not normally have activation fees. $25 gets you $25, $50 for $50, whatever.

Visa, AMEX, etc. Gift cards have a $4.95 fee. These are the controversial ones used to MS. If you are not buying a high volume of them, you will not obtain any appreciable profit because of the fee.

[goldengopher1991]

Well that's the case for visa gift cards.. Around $4.95.. So say you buy a gift card $500 value you pay $504.95 but the value is $500. With store gift cards I'm not too sure as I've never bought any before, but I assume they do that too.. If not, sorry for confusing you more!

[Anonymous]

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@kdm31091 wrote:

Retail gift cards such as for stores and restaurants do not normally have activation fees. $25 gets you $25, $50 for $50, whatever.

Visa, AMEX, etc. Gift cards have a $4.95 fee. These are the controversial ones used to MS. If you are not buying a high volume of them, you will not obtain any appreciable profit because of the fee.

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Got it! Yea not interested in Amex, MC, Visa etc Thanks for the clarification

[kdm31091]

Sure. I work in retail so I ring people out for gift cards all the time. The ones for specific places like stores and restaurants never have extra fees, it's just straight up conversion 1:1.

[goldengopher1991]

My bad Heavenly Flower.. Sorry for the confusion

[longtimelurker]

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@kdm31091 wrote:

Retail gift cards such as for stores and restaurants do not normally have activation fees. $25 gets you $25, $50 for $50, whatever.

Visa, AMEX, etc. Gift cards have a $4.95 fee. These are the controversial ones used to MS. If you are not buying a high volume of them, you will not obtain any appreciable profit because of the fee.

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$4.95?  That narrows down where you work!   Most supermarket cards are $5.95

[CreditCuriosity]

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@longtimelurker wrote:

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@kdm31091 wrote:

Retail gift cards such as for stores and restaurants do not normally have activation fees. $25 gets you $25, $50 for $50, whatever.

Visa, AMEX, etc. Gift cards have a $4.95 fee. These are the controversial ones used to MS. If you are not buying a high volume of them, you will not obtain any appreciable profit because of the fee.

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$4.95?  That narrows down where you work!   Most supermarket cards are $5.95

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lol

[kdm31091]

It may actually be $5.95, I don't remember because I never really buy them.

[Anonymous]

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@goldengopher1991 wrote:
My bad Heavenly Flower.. Sorry for the confusion

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No worries. I'm still learning about all this. Whenever I saw people talking about gift cards I assumed it was always retail cards. Learn something new every day