I heart the copywriter who snuck this into the normally comatose-inducing terms and conditions of the Chipotle gift card: "It cannot be used to purchase other Chipotle gift cards, because that's like wishing for more wishes."
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Where do gift card buying services(e.g cardpool, cardcash, etc) fit in regarding money laundering? KYC? Reporting? On the surface it looks like they provide liquidity where buying cards w/ cards just muddles sources.
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Tough business to be in and I respect the heck out of the folks who make it work. Overwhelmingly, their biggest operational problem is Extremely Attractive Fraud Target. Required KYC for gift cards is minimal to my understanding (they have a specific carve-out in many regs).
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How did you end up in a situation where you were reading the terms of a Chipotle gift card?
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I have a moth-drawn-to-flame relationship with anything that is vaguely money-but-bits, am in America for July, was spending an irrational amount of time looking for financial optimizations (see first bit), and love Chipotle tacos (and, disclaimer, shareholder for 10 years).
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