You are viewing a single comment's thread from:

RE: The Portability Triad, Part 3: Building Multiple Portable Income Streams

in LeoFinance5 years ago

A huge one you are forgetting is giftcards! Amazon, iTunes, and especially Google Play are popular. These can be bought and sold with no ID. It is a popular form of currency for game hackers, account sellers, in game currency miners, and doxxers. Not to mention a legitimate way to give people bonuses depending on local laws.

Sort:  

Thanks. Good addition. What would you say are the related caveats? I suppose the market for selling Amazon giftcards for cash might be limited somewhere Amazon doesn't do business, so you'd have to sell the code in some market where they have a footprint.

Amazon isn't particularly big in Korea, especially for delivery, but digital goods such as audibles is fine.. I'd ask for google cards here, or just resell them usually at 95~97% of face value, or full value to a friend. There are also local and regional chains with gift cards.

I still remember one time a relative gave me an LCBO (ontario liquor stores) gift card when I wasn't even in the country. That's completely useless. Fortunately his wife bought it off me

It also has intesting tax implications for buyer and reciever being a gift and all.

Not immedialtely obvious, but great for micropayments and the sharing economy. It's really good if you can get one for a contracter you hire for their favorite shop or restaurant as a personal touch/tip.