Reddit user mattyrules submitted the below picture to the social bookmarking site with the title: “Are eBayers really this stupid?“. As you can see, people are bidding more money for a gift card than it’s actually worth (click for a larger version)

20090102 b1y3ut7q67emi59i7xem3bu95x What a bargain! Get a $50 Amazon gift card for $52

Are some people really that stupid? Maybe. But there are two better explanations. One: money laundry. Two: earning money through the Paypal cashback program. Kraftmatic explains:

[He] means that some businesses, namely Paypal and MSN Shopping, offer coupons that can be used for discounts on eBay purchases. So presumably eBay bidders who are willing to pay more than face value for gift cards are doing so because they have coupons that will make up for the overage, thus resulting in a net gain for themselves.

Is this illegal in some way? Or is it just being creative with money on eBay?