For a card you no longer use or completely forgot about, instead of getting rid of it by trashing it, there is a better way to go about it all. Sell gift cards online, some of which you can get up to 92 per cent value off, on various sites.
Well, even though you might not get back the gift card’s full value, it is way better than losing or trashing it.
Also, be true to yourself, tossing that card in a drawer or somewhere in your packed wallet with the hope that you will get to reuse it someday, might not really happen.
So why not sell gift cards online? At least you won’t go through a 100 percent loss. If you can spend your gift cards or redeem them, or even get full value then that’s great! But if not, you have a backup plan – sell them online.
Let’s find out how!
1. Select an Offer
Plenty of websites out there allow you to sell gift cards online but each of them has different terms. Some will let you bid on your card, others will buy it from you and then sell it themselves.
Sites like Facebook Marketplace also allow you to sell your gift cards for a few dollars below their face value.
You could also trade the gift card instead, in exchange for a retailer gift that you will actually make use of. Remember, each selection has its own perks so go for what fits your needs best.
2. Submit Your Gift Cards
Sell gift cards online for cash directly to a gift-card site like Clip Kard, GiftCash or CardCash.
These sites will directly buy your card. The other alternative is to list your gift card on Gameflip or Raise.
Such sites act like a marketplace where you bid on your card and someone buys it from you. Also, once you sell gift cards online, you can get your quote immediately to find out how much your gift card is worth.
If you are looking for fast cash, however, sites like GiftCardBin have been recommended, working with more than 600 businesses to buy gift cards – in person. However, expect a much lower quote than if you sell gift cards online.
3. Get Verified and Paid
Depending on the service you have settled on, you can get paid via a check in the mail, PayPal, ACH or receive a more useful gift.
Payment apps are fast enough but keep in mind the transaction cost that tags along with that. Checks will take a little longer but are worth the wait.
Depending on your spending habits, selling your gift card online for another gift card might just be what you need. Especially since the conversion rate is going to be the highest.
The other option is to trade and get gift cards. What you do is trade in your unwanted gift card for a vendor you love and get paid up to 0% more. Basically an act of gifting someone who would make better use of it.
Also, you have the option of regifting your gift card to someone else during that holiday season instead of spending money buying another gift card for your loved ones.
How to Buy and Sell Gift Cards Legitimately
Due to their popularity, gift cards can practically be bought anywhere, including sold online.
However, their easy accessibility poses greater risks to both the buyer and the seller depending on standard rules and regulations.
As the sale and purchase of gift cards are now readily possible online, gift card scams are similarly on the rise.
It is therefore important for you (especially as a buyer) to be wary of the kind of sites you choose to buy your gift cards from in 2022.
Here are some extra tips on how to buy and sell gift cards according to standard rules:
Buy/Sell a Gift Card through Card Cash
CardCash comes in handy when you are buying a gift card for yourself and you want to score extra savings. You can buy partially used or unused gift cards for amounts over $10.
The interface tells you the percentage you will save on each discounted gift card. Take note, however, that once you add a product to your cart, you have 20 minutes to check out or your selection may not be reserved.
Selling through CardCash is one of the most convenient options for selling a gift card online.
Enter the brand name and amount of your gift card and it makes you an offer. You could also have the option of receiving offers for multiple gift cards at the same time.
Just remember not to get rid of your gift card right after you complete your transaction as it may take up to a day to verify that your gift card is valid.
Selling a Gift Card back to the Store
Buying retailer gift cards directly from retailers is fine, but what about selling them back? Most retailers will accept a return on a gift card if you have the receipt and the gift card has not been used.
Used gift cards do not sell as much but in some cases, state law may allow you to redeem gift cards with small amounts left on them for cash. Find out which state law works great for your online sale.
Frequently Asked Questions
Gift cards are the number one requested gift every holiday season for the longest time now and since on average, American households have $300 in unused gift cards, then selling gift cards online is an instant cash flow.
A good number of gift cards have a toll-free number at the back of the card and you can easily call to find out your balance. Flip the card over to the side with the black card strip and locate the phone number on the back of the card.
Trading can be more lucrative because you simply swap balances and the marketplace collects a smaller fee. But, you might need a high demand gift card like Amazon, iTunes or Starbucks to trade. If no other traders want your card, you can earn more selling.
Based on previous reviews of sites, some will provide cash within a day and others a week. Make sure to do your homework and find the one that works best for you. Most sites work the same in that you need to select the gift card brand, enter the current balance, enter the pin then choose your selling price.
If a customer wants to buy a gift card online for an amount that isn’t for sale on your online store, then you can instead create a draft order for the amount. After the customer pays, you can then issue a free gift card in that amount to the customer.
Most online marketplaces will convert your physical gift card to a digital version that the buyer can either redeem online or print. Digital transfers instantly transfer the card balance to the buyer and keep selling fees to a minimum.
Social media platforms might allow you to share gift card products by using the link to the product in your online store. Customers can buy a gift card from your online store to receive a gift card code.
At the end of the day you might earn a gift card from one of your favourite apps but that might not really be the card you are looking for. Also, you might need cash to pay bills or invest.
Fortunately, there are several ways you can get cash off your unwanted or unused gift cards today. Try selling gift cards online today, to find out what works for you!