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The day I realized my 'gift card hack' was just money laundering with extra steps
I used to buy discounted gift cards from those resale sites and flip them for profit, thought I was a genius making 8% on every transaction. Then my bank froze my account for 3 weeks while they asked about 12 separate $200 loads onto a prepaid card I bought with them. A teller finally said the pattern matches structuring, which I never even considered because the amounts were under the reporting limit. Anyone else accidentally trip a federal flag just by being too clever with small numbers?
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stella_scott9612d ago
Resale sites already bake that spread into their pricing, so your 8% was just their cut coming back to you.
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