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SVM Gift Cards Cash Advance
SVM Gift Cards is probably the second most popular gift card seller on eBay. No, they don’t code as 5X like PayPal Digital Gifts, but SVM often has profitable cards for sale. An example of a currently popular deal they are running is this Lowe’s card offer.
But you might want to think twice before purchasing cards from SVM as of now. Apparently they recently changed their merchant coding. This change means that purchases from their eBay store paid for via PayPal are coding as cash advances with most cards.
According to Doctor of Credit, most Visa & Mastercard credit cards are coding as a cash advance while Amex cards are not. This issue is probably not purposeful so let’s hope that SVM gets it fixed quickly.
What to Do Now?
For now it does seem that Amex cards are immune to this cash advance treatment, although the best protection is to use a card with a cash advance limit of $0. You could also use your bank account, debit card or PayPal balance to buy the cards, but no rewards = no fun!
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