Gyftr Edge | Amazon Shopping Voucher Limit decreased to Rs. 10000/- in a calendar month

[James2307mr]

Amazon Shopping Voucher Limit decreased to Rs. 10000/- in a calendar month on Gyftr Edge Portal.

I have confirmed this from Gyftr Support on twitter. They have said they soon will be updating this in terms and conditions.

 

[R!ppEr]

that is sad!! they added new transfer partners and then did this!! :|

 

[gurbina]

Coincidentally it seems all the nerfing like rent excluded from milestone (plus extra charges) and now this was around the same time everyone started to get FYF?

 

[Copycat]

Posted here:

Axis Gyftr - Amazon Shopping voucher limit Reduced to 10K from 50k?

It seems Amazon SV limit reduced to 10k from 50k this month. i can't place more than 10k Amazon GV even though terms conditions still saying we are allowed upto 50k . I get this message if trying to buy more than 10k Amazon GV Sorry, you cannot place order amount more than INR 10000 worth of...

www.technofino.in

 

[R!ppEr]

Coincidentally it seems all the nerfing like rent excluded from milestone (plus extra charges) and now this was around the same time everyone started to get FYF?

in the end they are in a business of profit making, we try to find tricks and loot them, they will shut all the taps!

 

[James2307mr]

in the end they are in a business of profit making, we try to find tricks and loot them, they will shut all the taps!

The major issue was people had started buying gold from these 50k worth vouchers and gaining Edge points.

 

[R!ppEr]

The major issue was people had started buying gold from these 50k worth vouchers and gaining Edge points.

i dunno why thats bad though. Real problem comes when people start rotating money.

 

[James2307mr]

i dunno why thats bad though. Real problem comes when people start rotating money.

Buying gold is also a type of rotating money if you know what you are doing (buying and immediate selling) and don't worry about taxes.

 

[R!ppEr]

Buying gold is also a type of rotating money if you know what you are doing (buying and immediate selling) and don't worry about taxes.

buying and immediate selling will cost quite good amount of losses too! and on the same lines one can sell anything they buy back on olx

 

[James2307mr]

buying and immediate selling will cost quite good amount of losses too! and on the same lines one can sell anything they buy back on olx

Not true. Buying and selling of 2gm gold coins (especially certain brands) cost just Rs. 1000/- max. And in general 2gm gold coins cost around Rs 14000 right now. So that is 4200 Edge Points on spend of Rs. 1000/- (320% gain). The issue here is taxes as well as you need to find the store of the brand to sell the coin.

With OLX, the issue is reliability and issue of identifying fast moving items.

 

[R!ppEr]

agreed there, maybe amazon too stops selling gold coins with vouchers soon, as it has stopped wallet loading through cards and for cc bill payments apay cannot be used

 

[James2307mr]

agreed there, maybe amazon too stops selling gold coins with vouchers soon, as it has stopped wallet loading through cards and for cc bill payments apay cannot be used

Yeah! Amazon might definitely do that.

 

[gurbina]

The major issue was people had started buying gold from these 50k worth vouchers and gaining Edge points.

Just wait for IT Department to come knocking doors. Divine justice, plus it's been done with the sole intent to profit but I wonder how they'll take it and tax it.

While sometimes it's a gray area or divisive you can't deny MANY people here abused it to an extreme. Sadly, it got spoiled now and there's no going back

That's the part I always disliked about the forum, it's being used to promote abuse of these cards among other things. While some don't do it with that intention and some do it within a "reasonable" amount, there is people abusing to an extreme.

I just hope they get caught one way or another.

This is what has spoiled all the good things that we have around in general.

 

[TheMentalist]

They should have given atleast 20k limit like TataCliq, but it looks like their Devs were unable to fix the Apay bug, hence same limit for both

 

[R!ppEr]

Just wait for IT Department to come knocking doors. Divine justice, plus it's been done with the sole intent to profit but I wonder how they'll take it and tax it.

While sometimes it's a gray area or divisive you can't deny MANY people here abused it to an extreme. Sadly, it got spoiled now and there's no going back

That's the part I always disliked about the forum, it's being used to promote abuse of these cards among other things. While some don't do it with that intention and some do it within a "reasonable" amount, there is people abusing to an extreme.

I just hope they get caught one way or another.

This is what has spoiled all the good things that we have around in general.

true to the T!! people went east india company on these things and now we have an 1857 revolt

 

[Pavani123$]

Can we use Amazon shopping voucher for buying gold?