Is it illegal to transfer money on a prepaid debit card?

Question

If I wanted to transfer money on a prepaid debit card and use that instead of going to the ATM and if I don't have a bank then if I ordered stuff on Amazon then sold the stuff for a higher price than I paid to get more money, is this illegal and considered money laundering? If it's totally legal and ok to do, why aren't more people doing this to make money if they have so many things to sell?

Slickterp · Answer

Not illegal at all.  It is how our entire economy operates.

JB · Answer

Your purchase limit will be how much money is on the pre-paid debit card.  Buying things with that limit, selling them, then putting money back on the card is not illegal.

But I don't think you've thought this through very well.

Mark IX · Answer

Why would I buy stuff off you when I can buy it cheaper on Amazon?  What you're talking about isn't illegal, it's just stupid.

Is it illegal to transfer money on a prepaid debit card?

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