Friday, July 17, 2015

Raise Selling Promotion on Top Cashback - Seems to Be Based on Price Sold, not Value of Gift Card

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