Official Amazon Trade-In FAQ 4.0 - READ 1st POST

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handsomepete

handsomepete

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Welcome to the Official CAG Amazon.com Trade-In Thread

Hey trade-in pals! SENDING THINGS IN DISC / CARTRIDGE ONLY / GENERIC CASE NO MANUAL / ANYTHING BUT COMPLETE COULD RESULT IN REJECTION. THERE ARE NO EXCEPTIONS TO THIS. YOU MIGHT GET ACCEPTED, YOU MIGHT NOT. NO ONE KNOWS. THERE ARE NO HARD AND FAST RULES. IF IT IS ACCEPTED, IT WILL ALMOST CERTAINLY ONLY BE CONSIDERED "ACCEPTABLE." RISK YOUR TIME AND EFFORT AT YOUR PERIL!

[quote name='Indigo_Streetlight']I'm getting an acceptance rate of about one per day; it makes me think some supervisor is standing around with a glass of absinthe next to a couple of dumptruck loads of games...while the one responsible for the glitch is made to scan each item and recite its TIV with tears in their eyes.[/QUOTE]

Amazon.com Trade-in Home Page

------- FAQ BELOW - LEAVE ME ALONE PLEASE -------
Useful links:
-- BlueLobstah
-- CheapAssGamer
THANKS TO DISILLUSION386 and GI60 FOR POSTING AND MAINTAINING THE PREVIOUS AMAZON TRADE-IN FAQ THREADS

This thread’s primary purpose is to discuss Amazon.com’s video game trade-in program. Conspiracy theories about NORAM smashing games before sending them back / stealing children / sneezing and touching public door handles / etc welcome, but try to avoid going nutso. PLEASE READ THE TRADE-IN DEAL DETAILS AND FAQ BEFORE ASKING ANY QUESTIONS.

Trade-In Procedure

1. SELECT ITEMS: Search for items to trade in. Your trade-in items must meet the product eligibility criteria.
2. SHIP GAMES FREE: Print a shipping label and packing slip, package your games, and ship them
3. GET A GIFT CARD: An Amazon.com Gift Card will be deposited into your account upon receipt of games
Click to expand...
Shipping Instructions

1. Print this entire page. (Packing slip and shipping label once you have submitted a trade)
2. Cut out the shipping label and the packing slip.
3. Make sure your items are in good working condition and include the case and cover art.
4. Securely pack the items in a box or envelope and include the packing slip in the package.
5. Attach the shipping label squarely onto the outside of the package and add your return address.
6. Take it to your nearest UPS Store and mail it by (one week from submission of trade)
7. Or you can ship to:
note to self: look up new address
Click to expand...
Trade-In Product Eligibility

Trade-in items must match the exact version displayed in the Amazon Trade-In Store, not be damaged, include original packaging (e.g. the manual, cover art, and case), and be postmarked no later than 7 days after submission. You will receive an e-mail confirmation and an Amazon.com Gift Card will be deposited into your account within 2 business days of item receipt and verification by the merchant. Items not accepted by the merchant will be returned to you approximately 14 days after receipt.
Click to expand...
----------------------------------------------------------------------

GENERAL FAQ (Updated 06/07/2011)
Can I post a question on this thread?
  • Only if you can't find the answer from below. :lol: And please let me know if it needs to be added to FAQ.
Can I edit this FAQ? (updated 6/7/11)
  • You bet! Up top there is a section for notable TIVs - feel free to add anything in there (and if you can remember, clean up after yourself in a few days when the TIV has undoubtedly dropped). You can edit the FAQ too, please just make sure it's useful and well formatted! Thanks!
Since when did Amazon start doing trades?
  • The program began in 2009 and is handled by a third party merchant, NorAm International.
What kind of shipping does Amazon provide us?
  • Free UPS ground ---- USPS is no longer available for free. There is now also an option to provide your own shipping.
Do I have to provide my own box or envelope?
  • Yes.
Do all my games in the same trade-in submission have to be shipped in the same box? (updated 3/9/11)
  • Not necessarily - people have sent in multiple boxes for the same trade-in submission successfully. It's even possible to send half at one time and the other half at the end of the valid shipping period. However, it's probably best to always ship everything at once.
Can I put separate trades in to a single box? (updated 6/7/11)
  • Sure, and they'll likely be accepted just fine. However, it isn't recommended since you would only have proof that you sent one of the trades (whichever mailing label you used). So it can be pretty risky.
Can I send in sealed games?
  • Yes. They won't reject games that still have the original shrink wrap.
Can I add Delivery Confirmation and Insurance to my shipment?
  • UPS Ground already provides you with tracking information, and I imagine you could get some sort of insurance added at a UPS store or location if you were so inclined.
I don't trust UPS ground. Can I pay for postage myself? What's the address?
  • Yes. You're more than welcome to do so. The address is:
    NorAm International
    22 Hampshire Dr
    Hudson, NH 03051
    (This is also an option when submitting your trades)
When do I have to send my games once I have submitted my trade order?
  • You have 1 week (7 days) to send your games. There have been reports of submitting trades up to 15 - 20 days late, but that is definitely ymmv. Send on time for the best chance at success!
Crap, I have one day to go before my shipment deadline, but the website states that my deadline has already passed. How do I print out a shipping label and packing slip?
  • Load up any existing order (if you don't have any, check your browser's history or just submit a new one to use the link), and substitute the transaction ID for the trade-in order you need at the end of the URL.
How long does the whole trade-in process usually take?
  • From the time you send in your games, it may take up to 14 business days for the package to arrive. Most people usually receive their credit (Amazon GiftCard) in 3 to 5 business days, however.
How long does the "processing" status usually take? (Updated 6/8/11)
  • Usually a day or with little delay at all, but the longest reported days so far is 4.
My games were received on Friday (based on Delivery Confirmation), will I have to wait until Monday to receive credit?
  • People have received credit on a Saturday.
I do not have the manual, cover art, or original case for a game I want to trade in. Will they accept it? (updated 6/9/11)
  • While the details specifically state that original packaging is necessary, people have reported in the past that their trades were accepted despite missing some of these. This is extremely YMMV, however since some were also rejected by missing manual or cover art. On the other hand, older gen games; such as SNES, N64, and GB cartridges, normally get accepted without the original box and manual, but still YMMV.

    It should be noted that with the new condition requirements (see later in the FAQ), you may be able to send an item in missing some or all of the required items (manual / cover art / case) and still have it accepted in "Acceptable" condition.
I do not have the manual, accessories, original box, original included game, etc for a console or accessory I want to trade in. Will they accept it? (updated 3/9/11)
  • The current wisdom is "probably not" - it's pretty YMMV but NorAm seems stricter than they should be on this. Your chances seem to be better for them accepting a console or accessory without the box / manual / etc if it's older generation or rare. You're more than welcome to give it a shot though if you're feeling lucky - just pack it well and include as much as you can!
My game is really beat up, what are the chances they’ll accept it?
  • This is YMMV. Some people have reported in the past that they sent in games in bad shape that were still accepted. Your best bet is still to trade in games in mint condition. Minor scratches are expected as these are used games.
My game came with DLC codes and I used them. Will my game be accepted? (Updated 12/28/11)
  • It is expected that included DLC codes have already been redeemed, so you should be fine. It is a kindness however if you have no use for it to not redeem it and let the next lucky soul who buys it from awd or wherever have a crack at it. Up to you!
My cover art (PLATINUM HITS) differs from the pic on amazon, will my trade be accepted?
  • It all depends on the UPC so just turn your game around, type in the UPC into the amazon search box. If the game comes up, then it's accepted regardless of cover art. Click on that result to submit your trade.
I have a game from a limited edition bundle, will they accept it?
  • If the game’s cover art has a UPC barcode, they will most likely accept it. If your game's cover states "Not for Resale" and does not have a UPC barcode, the game will most likely get rejected. Some people have had their games accepted in the past, but this is very YMMV.
The UPC barcode is not intact on my game's cover art, will that be accepted? (updated 3/9/11)
  • This is YMMV, but probably not. The UPC is all powerful within the walls of NorAm.
I sent in my games, all of which were in pristine condition with the original packaging, but they said that one game is damaged and is now being returned.
  • Always pack your games well. Put a lot of newspaper around your games in the box to secure them and to prevent any damages from haphazard box cutting. People in the past have requested their entire trade-in order if it’s obvious the damage wasn’t their fault, and Amazon ended up accepting the rejected game. This is YMMV as well.
Can I trade in multiple copies of the same game?
  • Yes. Once you click “Trade in” for a particular game, you may change the quantities. Once you submit, you can no longer change quantities on that trade-in batch.
How many multiple copies of the same game can I trade-in (updated 1/11/11)?
  • Maximum of 2 copies within 3 a month period.
I locked in X copies of a game but I now only have Y available to send. Can I just send in Y without being penalized? (updated 3/9/11)
  • Yes, you can always just send in a portion of your trade-in order and they'll just credit you for whatever they receive. However, the quantities you submitted for will stay locked in that instance (I think) so if you, for example, submitted for 2 copies and only sent 1, you may not be able to trade any more copies of that game for 3 months (see previous question).
Will the Trade-in of the Day TIV stay for 24 hours?
  • It's been reported that there is a limit (maximum # of copies) that will get the promoted TIV so lock yours.
So if I find a good flip, I can just send 2 copies of that game and not worry about Amazon accusing me of stolen merchandise?
  • Technically yes, but do keep in mind that other CAGs might want to participate in the current deal, and trading in a large number of the same game will definitely lower the TIV of said game. Let’s be nice to other people. This is probably moot for most folks now with the per account / address trade-in limit.
Wow, these TIVs suck (updated 3/9/11)!
  • Really? Hrm. While that may be true, they're often better than other comparable places. Your options of what to do with your used games are greater now than they've ever been, so feel free to shop your trades around or just sell them off on glyde/gamestaq/ebay/whatever. Also, not a question.
What the fuck? The TIV of a game I just bought for this deal tanked! What do I do?
  • The TIVs on Amazon fluctuate depending on the number of trades that are submitted, and we really can’t do anything about it. The best course of action for trading in games is to lock in your trade if you already have the games or are absolutely sure that you can obtain them. You can always cancel the trade submission if you end up not finding the games.
    LOCK = SUBMIT YOUR TRADE, Don't just put it in the cart.
Can I edit a submitted trade?
  • Nope - once upon a time you could modify trade in quantities of submitted trades, but that ability has been removed.
Can I use my credit on items that are not video game-related?
  • Yes. This is the other perk for trading in games at Amazon since you're not limited to just video games.
Can I use my credit on items sold by third-party merchants on Amazon?
  • According to the fine print of the Amazon gift card use, some merchants are excluded. Your best bet is to try it on the checkout page of your order.
Strategy guides? I can trade in game/strategy guides? Whaaaaa?
  • Go to the Textbook Buyback section (http://www.amazon.com/Textbooks-Trad...ode=2205237011[/URL]). You can either search on the title of a strategy guide you have to see if they'll accept it, or search for guides. The two best search strings to start with are 'prima guides' and 'bradygames'. Might try 'doublejump' if you want to trade in some of those. (Thanks eugaet)
I locked in some hilariously overvalued trade for some weird rare game/accessory/etc that I can pick up for cheap cheap cheap. They didn't accept it. What should I do? (updated 3/9/11)
  • The truth is that NORAM can reject things for any reason they see fit. While some people have managed to get silly things like a $200 credit for some cheerleading game (or for a PS2 - just ask io!), it's sooooooo YMMV that often it's not worth the effort. EXPECT REJECTION ON THINGS THAT ARE CLEARLY MISVALUED. That said, as long as you're willing to risk it, go for it!
What's all this item condition nonsense? And how can I get screwed over by it? (updated 6/9/11)
  • We're still kinda sussing out the details surrounding the new item condition portion of Amazon Trade-Ins, but it looks like there's a couple things to consider:
    • Good Condition eligibility (games):
    • - The video game, original manufacturer packaging and all original elements are included, but shows wear from normal use
      - Game still plays perfectly
      - Disc may have light scratches and other elements may have minor damage
      - Item may have been personalized (marked or identified)
      Click to expand...

      [*]Acceptable eligibility (games):
      - Game still plays perfectly
      - Item may have been personalized (marked or identified)
      - Item may be missing or have irreparable damage to one or all of the following: case, manual, artwork, bundled accessories, UPC
      Click to expand...

      [*]Note that a game will almost certainly not be accepted if it meets any of these conditions:
      - Game does not play perfectly
      - Disc is cracked
      - Marked Not for Resale (or is otherwise marked not for sale)
      Click to expand...
    Consoles/accessories have some slightly different criteria, but the idea is the same.
Did it seriously just ask me if I wanted my game / other item returned if they refuse to give me credit for it? (updated 6/9/11)
  • Yes, that just happened.

    Unless you're purposefully sending them things you deem to be trash, please remember to choose the option that has them return your item to you during the checkout phase.
Who is AFS? (updated 6/9/11)
  • Not sure yet, but that's the name on the trade-in shipping labels now instead of NORAM. May just be NORAM with a different name. This will be updated as we learn more.
Post away!
 
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[quote name='captaintek3304']Woot! Earthbound is $30! Luckily I still have the box and guide so I should get full credit.[/QUOTE]

While that may seem silly (I assume you are joking) we should all be glad they have that $30 maximum implemented for most games. Their automatic pricing system used to come up with completely wacky values ($60-$200 or more) for games when they were high-priced on the Amazon Marketplace but weren't necessarily worth much anywhere else. They were way more likely to reject stuff for bogus reasons when that was the case. At least with a lot of these recent "glitched" games $30 isn't too far off the real value and that's why most of them have been accepted.
 
Not really the right place to ask this, but you guys all seem to know Amazon policies pretty well. Is there any way to cash out my gift card balance? I'm trying to save for something (that I can't buy on Amazon) and I'd prefer to have that in my savings. I just can't find any decent way to do it besides buying GS gift cards and selling them. Anybody know some tricks?
 
[quote name='captaintek3304']Woot! Earthbound is $30! Luckily I still have the box and guide so I should get full credit.[/QUOTE]

You can't be serious, you could sell that for like $200.
 
[quote name='captaintek3304']Woot! Earthbound is $30! Luckily I still have the box and guide so I should get full credit.[/QUOTE]Hey:

[quote name='myka22']You can't be serious, you could sell that for like $200.[/QUOTE]^The man speaks the truth.

...Of course, I could take it off your hands for $40...:lol:

On-topic, I'm getting worried about the cart-only Cabela's Big Game Hunter (GBA) that's still "Processing" because four days from now (10/10) marks 25 days from when I created the trade-in transaction, and it's been sitting at AFS for 10 days now (according to the tracker). I doubt they'll process anything over the weekend and Columbus Day is on Monday, so there's really only one business day on which it could go through. I'm contemplating contacting Amazon's CS on Tuesday evening if nothing happens by then.
 
[quote name='Vigilante']Hey:

^The man speaks the truth.

...Of course, I could take it off your hands for $40...:lol:

On-topic, I'm getting worried about the cart-only Cabela's Big Game Hunter (GBA) that's still "Processing" because four days from now (10/10) marks 25 days from when I created the trade-in transaction, and it's been sitting at AFS for 10 days now (according to the tracker). I doubt they'll process anything over the weekend and Columbus Day is on Monday, so there's really only one business day on which it could go through. I'm contemplating contacting Amazon's CS on Tuesday evening if nothing happens by then.[/QUOTE]

My copy got returned as wrong item. It was in my first batch of rejections.


AZrejections006_zps32b08acf.jpg
 
[quote name='slowdive21']My copy got returned as wrong item. It was in my first batch of rejections.


AZrejections006_zps32b08acf.jpg
[/QUOTE]Well, that doesn't exactly fill me with hope. :cry:
 
yeah iv got that earthbound complete also. $30 is way low. i still havnt even scratched the sheet of scratch n sniff cards. real authentic smells ;)
 
I'm getting depressed looking at my pic. That is $135+ in credit I missed out on. Not counting the PSone ($60 minimum) and power rangers ($25+), pokemon stadium, and whatever else they are returning. :cry:
 
[quote name='Devil May Cry']Not really the right place to ask this, but you guys all seem to know Amazon policies pretty well. Is there any way to cash out my gift card balance? I'm trying to save for something (that I can't buy on Amazon) and I'd prefer to have that in my savings. I just can't find any decent way to do it besides buying GS gift cards and selling them. Anybody know some tricks?[/QUOTE]
My plan is using the credit on Wii U system(s), should Amazon wind up selling them. WORSE case scenario is you break even, I can't imagine them selling less than MSRP. Hopefully they're in demand and you can make a little cheddar on top.
 
[quote name='slowdive21']My copy got returned as wrong item. It was in my first batch of rejections.


AZrejections006_zps32b08acf.jpg
[/QUOTE]

I guess I should be happy I focused my flipping on disc based games. I did pick up a few goozex 100 pt cart games I can toss. I had most of my valuable gba and n64 accepted early in my first few submissions. Still hard to believe Amazon paid out as much as they did
 
if it makes you feel better i was a day late for locking in trades for 10 games for $300 i havnt touched in 5-7 years. oh wellz. i snooze i lose.
 
it has nothing to do with cd not be accept i trade in 5x games last week and all r accept but in the box i pu in a note that say my dad is lawyer with his phonenumbr and pic etc. saying if they rejectt they can be held legally lialbe and also say that i kno the law so i will sue them if they rejec disc 4 "2 expensive" that is not valid reason. and guess wat yesterday all my games were accept. they even accept my poke snap cart wich had my name "tim" righted onm the back in markered. i write on there so no 1 stealed it.
 
[quote name='FountainDrink']it has nothing to do with cd not be accept i trade in 5x games last week and all r accept but in the box i pu in a note that say my dad is lawyer with his phonenumbr and pic etc. saying if they rejectt they can be held legally lialbe and also say that i kno the law so i will sue them if they rejec disc 4 "2 expensive" that is not valid reason. and guess wat yesterday all my games were accept. they even accept my poke snap cart wich had my name "tim" righted onm the back in markered. i write on there so no 1 stealed it.[/QUOTE]

That's cool and all, but the big question is, what is your opinion on pepsi?
 
[quote name='FountainDrink']it has nothing to do with cd not be accept i trade in 5x games last week and all r accept but in the box i pu in a note that say my dad is lawyer with his phonenumbr and pic etc. saying if they rejectt they can be held legally lialbe and also say that i kno the law so i will sue them if they rejec disc 4 "2 expensive" that is not valid reason. and guess wat yesterday all my games were accept. they even accept my poke snap cart wich had my name "tim" righted onm the back in markered. i write on there so no 1 stealed it.[/QUOTE]

This is hands down the dumbest thing I've ever seen on CAG. Kudos.
 
[quote name='FountainDrink']it has nothing to do with cd not be accept i trade in 5x games last week and all r accept but in the box i pu in a note that say my dad is lawyer with his phonenumbr and pic etc. saying if they rejectt they can be held legally lialbe and also say that i kno the law so i will sue them if they rejec disc 4 "2 expensive" that is not valid reason. and guess wat yesterday all my games were accept. they even accept my poke snap cart wich had my name "tim" righted onm the back in markered. i write on there so no 1 stealed it.[/QUOTE]

Now that's priceless ! Thanks for the memories Timmy. \\:D/
 
So how many days exactly are you guys having to wait from the day your trade is delivered to when you finally get the amazon gift card payment? I hope it isn't much more than a week because several of my trades will expire by then.
 
[quote name='QSilverTwo']So how many days exactly are you guys having to wait from the day your trade is delivered to when you finally get the amazon gift card payment? I hope it isn't much more than a week because several of my trades will expire by then.[/QUOTE]When you mean "expired", do you mean that it will be past the "Send by" date on the printed-out shipping label or past 25 days since you created the trade-in? If it's the former, you don't have to worry, but if it's the latter, you might have to contact Amazon Customer Service.

As for how long it takes, it varies, though I'd say about 4-7 days is the average for me, depending on when I dropped off a trade-in for UPS to ship (e.g., on a Friday evening so it wouldn't get delivered until Monday morning, on another weekday evening so it wouldn't get delivered until the next morning, on a weekday morning so it would get delivered later that day, etc.).
 
[quote name='SonictheHedgehog1337']Damn, I guess I missed pepsiman, I mean namispep, I mean fountaindrink.

I can't keep up with all of his names.

PM me and I will buy you some Hooked on Phonics VHS tapes.[/QUOTE]

that shit was gold.

Gold.

Pure fucking gold.
 
Should I be worried that a lot of my items are still being 'processed'? Some of my stuff has already been approved/returned but it just seems kinda odd :/
 
[quote name='ken9']Should I be worried that a lot of my items are still being 'processed'? Some of my stuff has already been approved/returned but it just seems kinda odd :/[/QUOTE]Nope, just be patient. You should only start worrying if they're still "Processing" closer to 25 days after you created the trade-ins.
 
[quote name='ckc4043']Does amazon accept gamefly chipped but playable disc?[/QUOTE]
This was posted earlier.
[quote name='CaseX']Just to share, I've been trading in to Amazon since forever and just today got my first rejection. It was a stupid Gamefly PS3 disc with chipped edges (no scratches). I thought PS3 discs would hold up better than Xbox ones, but I guess PS3 renters like to play with their discs. No more Gamefly purchases from me.[/QUOTE]
 
[quote name='Vigilante']Nope, just be patient. You should only start worrying if they're still "Processing" closer to 25 days after you created the trade-ins.[/QUOTE]

vigilante, i send my stuff about 1 week ago, on the amazon tracking status, it said item is delievered on 10/3/2012, but under Transaction Status: Not Yet Received/In Transit. is that normal
 
[quote name='YBX87']vigilante, i send my stuff about 1 week ago, on the amazon tracking status, it said item is delievered on 10/3/2012, but under Transaction Status: Not Yet Received/In Transit. is that normal[/QUOTE]

same thing here.
i traded in a game and it was delivered way before the shipping deadline even passed and it still shows up as "not yet received/in transit."
 
[quote name='chssnaredrum04']same thing here.
i traded in a game and it was delivered way before the shipping deadline even passed and it still shows up as "not yet received/in transit."[/QUOTE]

i had never experienced something like this before, i have traded many times to amazon. i am getting really scared, especially the other package i send with it 1 week ago, was already verified/ credited for on 10/2/2012.
 
[quote name='chssnaredrum04']same thing here.
i traded in a game and it was delivered way before the shipping deadline even passed and it still shows up as "not yet received/in transit."[/QUOTE]

Same, I mentioned this earlier as well. Talked to customer service and they told me it was processing. As long as others are affected, I'm not as worried.
 
[quote name='YBX87']vigilante, i send my stuff about 1 week ago, on the amazon tracking status, it said item is delievered on 10/3/2012, but under Transaction Status: Not Yet Received/In Transit. is that normal[/QUOTE]

[quote name='chssnaredrum04']same thing here.
i traded in a game and it was delivered way before the shipping deadline even passed and it still shows up as "not yet received/in transit."[/QUOTE]

[quote name='vantheman']Same, I mentioned this earlier as well. Talked to customer service and they told me it was processing. As long as others are affected, I'm not as worried.[/QUOTE]To all of you, if this is like what happened with two of my trade-ins, you have nothing to worry about:

I dropped off three trade-ins for UPS to deliver and all three were received on the same day but only one was described as "Processing". For a week I was worried that I wouldn't get credit for the other two games because they were still "Not Yet Received", but about a day or so after the "Processing" trade-in went through, I received confirmation emails for the other two saying that they went through, as well. So they were there all along, but someone forgot to change the status from "Not Yet Received" to "Processing".

I'll say it again: Just be patient. Breathe in, breathe out, and relax. Only panic if nothing changes between now and 25 days after you created the trade-in(s). :)
 
[quote name='Vigilante']To all of you, if this is like what happened with two of my trade-ins, you have nothing to worry about:

I dropped off three trade-ins for UPS to deliver and all three were received on the same day but only one was described as "Processing". For a week I was worried that I wouldn't get credit for the other two games because they were still "Not Yet Received", but about a day or so after the "Processing" trade-in went through, I received confirmation emails for the other two saying that they went through, as well. So they were there all along, but someone forgot to change the status from "Not Yet Received" to "Processing".

I'll say it again: Just be patient. Breathe in, breathe out, and relax. Only panic if nothing changes between now and 25 days after you created the trade-ins(s). :)[/QUOTE]
ok, thanks for speedy reply.
 
[quote name='YBX87']ok, thanks for speedy reply.[/QUOTE]No prob. ;)

I just used a spreadsheet to total the Amazon credit I've gotten these last few weeks, and...I think I'm having trouble breathing:

$912.00
:hot::hot::hot::hot::hot:

*hyperventilates*

Note that in terms of profit, I have to factor in the money I spent acquiring some of the games I traded in, about $150, which still leaves ~$760! \\:D/
...And I'm still waiting on another ~$140 before I'm all done. :shock:
 
[quote name='Vigilante']No prob. ;)

I just used a spreadsheet to total the Amazon credit I've gotten these last few weeks, and...I think I'm having trouble breathing:

$912.00
:hot::hot::hot::hot::hot:

*hyperventilates*

Note that in terms of profit, I have to factor in the money I spent acquiring some of the games I traded in, about $150, which still leaves ~$760! \\:D/
...And I'm still waiting on another ~$140 before I'm all done. :shock:
[/QUOTE]

Yeah, I think after all the dust settles lots of folks will want to strut their crazy totals. After we've gotten it out of our systems it'll be new thread time. This has definitely been the nuttiest run I've ever seen with amazon since the promo/no 2x limit days. I miss the promos, they were fun.
 
[quote name='Vigilante']No prob. ;)

I just used a spreadsheet to total the Amazon credit I've gotten these last few weeks, and...I think I'm having trouble breathing:

$912.00
:hot::hot::hot::hot::hot:

*hyperventilates*

Note that in terms of profit, I have to factor in the money I spent acquiring some of the games I traded in, about $150, which still leaves ~$760! \\:D/
...And I'm still waiting on another ~$140 before I'm all done. :shock:
[/QUOTE]

minus about another $200 for the federal/state share. Too bad you can't pay that in amazon credit.
 
[quote name='itsoverninethousand']minus about another $200 for the federal/state share. Too bad you can't pay that in amazon credit.[/QUOTE]

There's no way he's paying taxes.
 
[quote name='confoosious']There's no way he's paying taxes.[/QUOTE]

Please, that dude is an upstanding citizen. He will do the right thing. Give us CAG's come credit.
 
[quote name='itsoverninethousand']minus about another $200 for the federal/state share. Too bad you can't pay that in amazon credit.[/QUOTE]

Hahaha!
 
I could be wrong, but given that it is trade credit used to buy other merchandise (as opposed to a cash payout like Half.com), I don't even think it is taxable, is it?

In any case, if I factored in the original cost, I could probably claim a loss. Most of the stuff I traded in I had bought for $20-$30 or more originally.
 
[quote name='io']I could be wrong, but given that it is trade credit used to buy other merchandise (as opposed to a cash payout like Half.com), I don't even think it is taxable, is it?

In any case, if I factored in the original cost, I could probably claim a loss. Most of the stuff I traded in I had bought for $20-$30 or more originally.[/QUOTE]

Really only pertains to those who bought games specifically to flip during the amazon TIV fiasco since they are making a profit. Trade credit, gift cards, you name it. All taxable. I guess you can claim a loss if you wanted to. Hope you have those receipts lol.
 
[quote name='itsoverninethousand']Really only pertains to those who bought games specifically to flip during the amazon TIV fiasco since they are making a profit. Trade credit, gift cards, you name it. All taxable. I guess you can claim a loss if you wanted to. Hope you have those receipts lol.[/QUOTE]

i hope you are not serious about amazon credits being taxed ,lol cuz i only have around $100 worth of it.
 
[quote name='YBX87']i hope you are not serious about amazon credits being taxed ,lol cuz i only have around $100 worth of it.[/QUOTE]

Yes, I'm serious. If you flipped for amazon credit, uncle sam wants a piece of the pie.
 
[quote name='itsoverninethousand']Yes, I'm serious. If you flipped for amazon credit, uncle sam wants a piece of the pie.[/QUOTE]

so i guess i just committed tax evasion then
 
[quote name='YBX87']so i guess i just committed tax evasion then[/QUOTE]
I wonder how PayPal is going to turn out. This year is the first year I noticed a Tax Documents link on my account. I going to play dumb and not even research the issue.
 
Uncle Sam wants too much goddamned tax. He wants the tax when you buy the game (and the tax from when you earn the income) and he wants the tax when you sell it, and then he wants the tax when you buy a new game AND THIS COUNTRY IS STILL fuckING BROKE WHAT THE fuck
 
[quote name='Friend of Sonic']Uncle Sam wants too much goddamned tax. He wants the tax when you buy the game (and the tax from when you earn the income) and he wants the tax when you sell it, and then he wants the tax when you buy a new game AND THIS COUNTRY IS STILL fuckING BROKE WHAT THE fuck[/QUOTE]

:applause:, so true ,lol
 
[quote name='Friend of Sonic']Uncle Sam wants too much goddamned tax. He wants the tax when you buy the game (and the tax from when you earn the income) and he wants the tax when you sell it, and then he wants the tax when you buy a new game AND THIS COUNTRY IS STILL fuckING BROKE WHAT THE fuck[/QUOTE]

Simple ... our country relies on a lot of imports and we spend a lot and save little.
 
[quote name='Friend of Sonic']Uncle Sam wants too much goddamned tax. He wants the tax when you buy the game (and the tax from when you earn the income) and he wants the tax when you sell it, and then he wants the tax when you buy a new game AND THIS COUNTRY IS STILL fuckING BROKE WHAT THE fuck[/QUOTE]

Uh, great rant except for one thing. Uncle Sam has nothing to do with the tax you pay when you buy something (2 out of your 4 examples there). That's up to your state. I don't have to pay that at all where I live.

itsoverninethousand - yeah, I probably could come up with receipts for most of it. But I'm not going to do that unless they come after me for making Amazon credit. Then I'd flip it around on them and figure out the amount of the loss.

But just in case anyone seriously thinks this is an issue: don't worry about it. I'm sure a potential few hundred bucks profit in Amazon credit is pretty far down the totem pole of stuff they have to (or even want to) worry about at the IRS. Now, if you had some sort of large-scale laundering operation going on with tons of trade-ins as a way to transfer money around, well, that might be a different issue. Just thought I should throw that out there in case anyone takes what I said the wrong way ;).
 
[quote name='io']Uh, great rant except for one thing. Uncle Sam has nothing to do with the tax you pay when you buy something (2 out of your 4 examples there). That's up to your state. I don't have to pay that at all where I live.

itsoverninethousand - yeah, I probably could come up with receipts for most of it. But I'm not going to do that unless they come after me for making Amazon credit. Then I'd flip it around on them and figure out the amount of the loss.

But just in case anyone seriously thinks this is an issue: don't worry about it. I'm sure a potential few hundred bucks profit in Amazon credit is pretty far down the totem pole of stuff they have to (or even want to) worry about at the IRS. Now, if you had some sort of large-scale laundering operation going on with tons of trade-ins as a way to transfer money around, well, that might be a different issue. Just thought I should throw that out there in case anyone takes what I said the wrong way ;).[/QUOTE]

Yeah most internet sales and businesses will never be audited. It's closer to 2% so pretty much nobody needs to worry. However audits do occur and if you're picked you'll need to provide receipts should they determine anybody is a reseller. I even got a notice from Paypal last year about the new IRS requirement for all accounts that ever exceed $20,000 in payments to require IRS reporting. That's some pretty serious stuff if anybody is ever caught for tax evasion.
 
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