Would You Pay $715 for $630 in Cash?
There is a buy-it-now listing on eBay today where the seller is offering $630 in cash, which he will send electronically to the buyer through PayPal. The current price for this listing is $715. Why would someone pay $715 for $630 in cash? Well, you may have heard that Microsoft recently launched a ridiculous “cash back” promotion in the hopes of bribing Google customers to switch to Microsoft’s search engine, Live.com. Seems some resourceful people found a loophole in the system. Apparently, you can get a 10-35% cash back reward for all buy-it-now eBay purchases if you access the eBay listing through Live Search. So, people are simply selling cash and arbitraging the cash back reward. Your move, Ballmer.
Can you Digg it?
I’m kind of confused why Microsoft would do that, but I feel like I should be telling others to jump on this.
