In my last gift card churning post, I revealed that I was trying to sell Starbucks gift cards and repeatedly they were declined. Fortunately, selling on Cardpool leaving a PIN number is optional. I thought it was a required field and always scratched off the pins to enter into the website. My most recent transaction I did not, and I am here to report success:
Hi [name with held],
We thought you’d like to know that we’ve processed your gift cards for transaction #[with held] and mailed you a check for $243.00. The check should arrive within 3-7 business days*.
We sent the check as payment for the following items:
1. Starbucks Gift Card ($75.00).
2. Starbucks Gift Card ($75.00).
3. Starbucks Gift Card ($75.00).
4. Starbucks Gift Card ($75.00).We sent the check to this address:
[address with held]
If you have any questions, please do not hesitate to contact us at support@cardpool.com.
Thanks and have a great day!
The Cardpool Team
http://www.cardpool.com
Do I still want to churn Starbucks gift cards? I’m seriously reconsidering my stance. There are some great deals on eBay and can earn some money when reselling.
I’m still wary of getting into Sbux cards. I was doing much the same as you until one of the cards I bought on eBay was canceled by Sbux due to potential fraud. Likely that the seller had churned the free $5 credit promo and been caught. I was able to obtain a refund from the seller, minutes the cost of sending it back. Interestingly, the card bounced back due to the address listed not being deliverable, so the seller was definitely shady.
Caveat emptor.
Thanks for sharing your experience. So far for me, I haven’t seen anything like that. Granted, I have only churned through $10,000 and I think is a small sample size.
I did have an issue once, a check from Plastic Jungle was mailed to the wrong person and they mailed the check back to me almost 90 days after the check was issued. I was stupid and wasn’t paying close enough attention to all the checks coming in.