Recently, there was an increased promotion for selling gift cards on Raise which is ongoing. Top Cashback is offering $1.50 for selling a gift card with a price of $20-$49 and a whopping $10 for $50-$1,000.
That's a major difference in payout. What happens when you sell a gift card that has a value of $50, but the price is only $47? Do you earn $1.50 or $10. That's an important question that really affects your profit margins. I don't have a definitive answer, but I think Top Cashback gave me an indication and it's not the answer I wanted.
In Top Cashback, under "Earnings", if you click on "Cashback by Date" you can see all your earnings based per day broken down by merchant.
Here is what I see:
I earned $1.50 and $1.65 per listing. That's supposed to happen. The $1.50 is supposed to change to $10 at the end of the month.
What does bother me is the "Purchase Amount". These were $50 gift cards, but they are being reported as $47.9 and $47.50 because that was the selling price.
Is it possible that I'll still get the $10 at the end of the month? Yes, but if I had to guess, I would say I will only be earning $1.50.
My recommendation going forward is sell gift cards for $50 or more until confirmation at the end of the month whether these sales post at $1.50 or $10. That means the gift cards will have to have a value of more than $50 to begin with.
Check out Miles Whip's post on DoC for some great tips on getting Top Cashback to track your listings on Raise
That's a major difference in payout. What happens when you sell a gift card that has a value of $50, but the price is only $47? Do you earn $1.50 or $10. That's an important question that really affects your profit margins. I don't have a definitive answer, but I think Top Cashback gave me an indication and it's not the answer I wanted.
In Top Cashback, under "Earnings", if you click on "Cashback by Date" you can see all your earnings based per day broken down by merchant.
Here is what I see:
I earned $1.50 and $1.65 per listing. That's supposed to happen. The $1.50 is supposed to change to $10 at the end of the month.
What does bother me is the "Purchase Amount". These were $50 gift cards, but they are being reported as $47.9 and $47.50 because that was the selling price.
Is it possible that I'll still get the $10 at the end of the month? Yes, but if I had to guess, I would say I will only be earning $1.50.
My recommendation going forward is sell gift cards for $50 or more until confirmation at the end of the month whether these sales post at $1.50 or $10. That means the gift cards will have to have a value of more than $50 to begin with.
Check out Miles Whip's post on DoC for some great tips on getting Top Cashback to track your listings on Raise
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