Easiest Way:How to Sell Gift Card for Cash That You Didn’t Really Want
The Gift card is a great way to show your love, appreciation and thankfulness to someone. Especially this period of holidays which is a time when people get together with loved ones and give and receive gifts.
The exchange of gifts has been a long-standing tradition in the world , yet in recent years it has become increasingly difficult to find the perfect gift for everyone. Because of this, many people have turned to gift cards as a solution. Gift cards make the perfect gift for every one because they are convenient and practical.
Selling gift cards is not as easy as it sounds. You need to do some research and know how to sell gift card for cash.
When selling a gift card, you need to pay attention to its history. There are two types of gift cards: a brand-new one that has never been used by anyone or one that has been used once or twice by the original buyer.
In this article, I will tell you how to buy and sell gift cards in the USA and Canada without any problems.
People tend to misplace gift cards or lose them after they’ve been used. This is one of the main reasons that a lot of people are hesitant to give them as presents. Gift cards are an easy way to make your friends and family happy and you can find a lot of stores that sell them online.
Most gift cards don’t expire, but some do have restrictions. There are a lot of websites that allow you to trade unused gift cards for money or other gift cards.
Trade Gift Cards Online
A lot of people have got a habit of gifting gift cards on any occasion. However, there are also many who would like to get rid of them as they are not able to use the cards. There’s no better way to turn those unwanted gift cards into money than by selling them online.
It is just a matter of time before you will find enough people who would be willing to buy gift cards from you at or near their face value. This can also be a great opportunity for you to make some extra cool money in a short span of time as there are many buyers on these sites.
There’s a trend nowadays for people to trade gift cards online instead of returning them to the store for a full refund. This has led to an entrepreneurial opportunity for some people who have set up gift card trading sites.
This days most of the entrepreneur could set up a website similar to those already existing, where people could trade unwanted gift cards and where they can also buy discounted gift cards at a discount.
Though, You’ll never get 100% money back on online gift card exchanges. The reason is because the exchange itself typically takes a small fee, and shoppers using the exchange won’t like to pay full price to buy a gift card secondhand. But if you exchange your gift card online, you should be able to recover at least more than half of the full value.
Sell Gift Cards for Cash
If you are looking for a way to make some extra money, then you might want to consider selling gift cards. You can easily sell gift cards on sites like eBay, Craigslist, or even Facebook Marketplace.
You might be wondering how to sell gift cards for cash, then there are a few methods that you can try. Below are some explaination and step-by-step how to sell your gift cards and get paid by check or PayPal.
Did you know that you can sell your gift cards through Raise.com? If several resellers are offering your gift card at a price that you disagree with, you can list it on the Raise.com marketplace where anyone can buy your gift card, at any price you determined in advance.
If you are using a gift card as a present, they will mail the buyer the physical gift card, and if they don’t want to redeem it, they also have the option of listing it for repurchase on Raise.com.
You can equally list any online gift card for free on the site mention; for physical gift cards, you’ll pay a sum of $1 or 1% of the total balance, But you may have to wait to get a reliable buyer who’ll pay the price you desired. And when you sell the card, the company will take about 12% cut, so even if you get someone to pay full value for your gift card, you’ll recover no thing less than 88%.
When to Sell Your Gift Card
Gift cards can carry a wide variety of value, so it’s important to understand how to receive maximum resale value from them. Romanelli explains that gift card resale value tends to decrease after major holidays like Black Friday, Cyber Monday and the winter holidays have passed.
Once the holiday rush dies down, buyers become more willing to purchase cards at lower prices. Also, as Valentine’s Day approaches in February, buyers will once again be willing to pay slightly higher prices than they were even just weeks before the holiday season.
If you’re the type of person who waits for the last-minute to buy gifts, then you might need to think twice about getting gift cards. Why? Because a lot of gift card-loving procrastinators might already have exchanged their gift cards by the time it’s your turn to drop.
NOTE:- “People shouldn’t have heartache over not getting 100% of the card’s value back, because they’re not getting any value out of it by keeping it,” she says.
Get the Most Money for Your Gift Card
Gift cards are a popular gift, but they also carry a stigma of being impersonal. Most people don’t just want the gift card, they want to get the most value out of it and make sure they can exchange it for what they really want.
There is one way to “upgrade” your gift card: use a gift card exchange site like GiftCardGranny.com, PlasticJungle.com or Cardpool.com that has deals on gift cards from hundreds of retailers. With these sites, you can sell your unused gift cards at a discount and purchase them at a discount as well.
With the help of the above mention sites , you don’t spend time wondering how to sell a gift card, there are numerous ways to dispose of it. Some of them work only for specific gift cards, but there are also some general tips that apply to all of them.
Note that each gift card exchange uses has different fees and payment methods. Be sure to read the fine print so you know exactly what you’ll get in return for your card.
Sell Your Gift Card in Person
Selling gift cards in person can be the most lucrative way to get rid of unwanted gift cards. In fact, there are many places that will pay you more than what you can sell the gift card for online.
It’s important to know where to go and how much to ask for a gift card before attempting to sell it in person. Not all merchants will buy your gift card and some may pay even less than the merchant’s listed price. But if you follow some important tips, you can get rid of that unwanted gift card in just a few minutes of your time and make some extra cash in them.
- The site like Cardpool.com (formerly Coinstar) gift card kiosks: If you don’t want to sale your online, you can visit certain in-store kiosks, operated by Cardpool.com. These machines, once owned and operated by Coinstar, accept gift cards from more than 250 resellers and restaurants, so long as they have a balance of at least $20. The kiosk will certainly make you an offer for the gift card and if you accept the offer, you’ll get a voucher that you can redeem for cash at the register of the shop were kiosk is located in.
- If you love shopping at Target and have gift cards to another retailer in your pocket, there’s good news. Target will trade credit for gift cards from more than 100 different merchants and restaurants through its own in-store exchange program at the Target Mobile Centre.
However, there are still occasions where you have an unwanted gift card that you can’t use. In these cases, it’s best to sell your gift card in person in any of few mention stores..
Basically, in-store trade-ins offers lower resale returns than the online exchange marketplaces, says Hunter, but the payout is more immediate than online site: “You’ve got to ask yourself if you value the dollar amount or convenience more.”
Donate Your Gift Card
We as a society often take for granted the massive amount of wealth we have. We have become so accustomed to having an excess of money, that we are completely oblivious to the struggles of those who don’t have.
Every year in the United States, $5 billion worth of gift cards go unredeemed. That is an incredible amount of wealth that is just being thrown away! Why? Because people forget to use their gift cards or they aren’t able to use them at all. We can do better than this; we can donate our gift cards to those who need them more.
It’s not just about money that you can donate to charity. According to the IRS, you can also donate clothing and household items that are in good condition or better. Here’s a partial list of items that most charities will accept, but meanwhile before donation of card, contact your favorite charitable nonprofit and ask if they accept gift cards.
Try giving the card away this season of holidays and extend that generosity to less opportunities.
Obviously, selling gift cards for cash is a great way to make some extra money. If you have unwanted gift cards that you don’t want to use, you can sell them and get some extra cash. If your card has an expiration date and it’s quickly approaching, it might be a good idea to sell it soon before the value is lost. You can also donate your gift card if you know someone who would appreciate the present more than you do.