I realize that I may be a bit late to the party, but I’ve only recently dipped my toes into Gift Card Reselling. I only do a little at the moment, and I am very opportunistic. I don’t work with any of the more popular portals, only one that a friend of mine runs – The Plastic Merchant (TPM). For those of you attending the Chicago Seminars 14-16 October 2016, you’ll get to meet the team, as they are a sponsor. For those of you who attended ResellingDO 3, Mike Dean, the founder, was a speaker.
The Plastic Merchant
I think the description on The Plastic Merchant’s home page pretty much explains why it’s a perfect fit for the miles and point community:
“A bulk gift card selling platform built for and by point, miles, and arbitrage enthusiasts.”
The key reason that I even got into this, was because of how easy TPM makes it.
Once you have an account, you can log-in and see at a glance what kind of payout rates are by the various brands and gift card options. A key difference between TPM and other sites is that, TPM buys specific denominations of gift cards, represented by their SKUs.
As you can tell, it’s a pretty exhaustive list of options (469 different SKUs at last check!). Of course, the real benefit to me, is that I know, before I even buy a gift card, what I can sell it at, and the rough margin (though of course rates are subject to change). More importantly, TPM also allows sellers to ‘reserve’ capacity so you know you’ll be able to sell your cards, even if the gift cards are being shipped to you later (like we see with physical gift cards). Bulk sellers are also able to view how long prices will be honored and exactly how much they’re willing to buy.
The Plastic Merchant also has a variety of additional resources that really shine. One of those resources is the portal lab, which is very similar to FrequentMiler’s Lab, but, only available to registered bulk sellers.
In addition, TPM sends out e-mails every so often when there’s a particularly good deal to leverage, and even provides the TPM price, so you don’t have to go to multiple places to decide whether you want to jump on a particular deal or not.
All in all, I think The Plastic Merchant is a great place to start, if you are looking to get into Gift Card Reselling. This is definitely one of those areas,where you can increase your manufactured spending. You still have the potential to generate a profit, but without incurring as much overhead or risk as reselling products.
Have you signed up The Plastic Merchant?