Has anyone tried to sell miles or points through one a site. I have a family member looking to do it and I had never looked into. Any experiences? Pros cons

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Have sold substantial portion (1M+ miles) through miles websites and some hotel points as well. Some things to think through:

1. Selling/transfer - how do they get access to your rewards? There’s setups that involve brokers accessing your account, others that involve you physically booking tickets under escrow or p2p, or if feasible you transferring points directly. From most risky to least risky. I only go through p2p/escrow personally

2. Risk management - do the brokers have clear ways to reduce chances of being caught? Because if you do, you’ll have everything revoked. AA in particular may go after you for sold rewards. Some examples might be processes notifying your buyer what to say about you (eg he’s my cousin) for identity checks, or disclosing how often your buyer purchases miles (which could introduce higher risk)

3. Value per point/mile - this might differ between brokers and could be substantial differences. You should shop around and know the value of the awards. A good price is 25% reduction from the valuations you see in points websites - but discounts could go as high as 50% depending on venue

4. Volume - naturally, the more frequently you book and transfer, the higher the risk. For that reason I stick with large transaction volumes like 350k miles instead of 40k here 40k there

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Thank you

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