Thursday, August 11, 2022

Can I Trade My Gift Card For Cash

Top Questions About Gift Card Exchange

How to sell GIFT CARDS for CASH!!

While we were at the grocery store selling this gift card, a customer approached me with three questions about how the Gift Card Exchange kiosk works. She said shed walked by the machine many times, but was afraid to try it for fear the machine would take her card. I think her concern and questions are pretty common, so I want to answer them here as well.

Can You Exchange A Gift Card For Cash At Walmart

You cannot exchange a gift card for cash at Walmart. It can only be used to purchase merchandise from Walmart.

The one exception is if your gift card balance is very low, such as less than $1. In those cases, Walmart may give you whats left in cash.

You can, however, exchange your Walmart gift card for cash at other places although, unfortunately, not at Coinstar Gift Card Exchange kiosks any more.

Can You Take Money Off A Gift Card

Sadly, probably not. You cant simply take a gift card to an ATM machine and get cash immediately.

Why? Just for the simple fact that it is a gift card. However, there are plenty of options that you can do to get money in exchange for the value of the gift card.

You can likely get money off of a reloadable prepaid card. But thats not the question. We are talking about gift cards. Based on our research, the best option to get cash in exchange for a gift card is to simply sell it for a discount instead.

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How To Sell Gift Cards For Cash Instantly

Advertising Disclosure

Gift cards come from everywhere. Birthdays, Christmas or maybe just because.

Unfortunately, there may come a time when you receive a gift card that you may have no use for.

Instead of letting it collect dust, consider selling it to one of the many retailers online that will offer you a quote on the spot. Yes, you dont have to deal with the public nor do you have to fear getting ripped off. Its as easy as letting the company know what you have.

You wont always get 100% of the value, but it can be quite close dependent upon the gift card you have.

In todays post, I want to talk about the many websites that will let you exchange gift cards to cash. I will warn you, though, that they arent all created equally, so its always best to get a quote from each company mentioned below before confirming your order. No matter which retailer you have, whether it be Amazon, Walmart, eBay or even a Visa gift card, there is an option for you, I promise.

With that out of the way, lets take a gander at some of my favorite ways to sell gift cards for cash instantly.

Reddit Gift Card Exchange

Sell Ebay Gift Card Online For Cash.

Reddit is known for being a calm oasis in the storm that is social media. Why wouldnt you turn to Redditors to buy your unwanted gift cards?

Naturally, you might be wary of trusting an anonymous user to transfer your payment without a third party overseeing the transaction. Although some scammers frequent the Gift Card Exchange subreddit, theres also a reputation system and detailed guidelines, so you can significantly reduce your risk by being cautious.

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How To Exchange Gift Cards For Cash Online

Dont feel like wasting your time selling your gift card in person? You can register for an online platform that enables you to exchange your card for another one or for cash.

Note that this method takes more time since you will have to wait for the payment to be processed or for your check to come via mail.

Since there are many gift card cash back websites out there, you should find out as much as possible about each of them to make an informed decision. Some platforms offer better payouts and charge lower fees than others.

Do you have only a few dollars on your gift card balance? If youd like to get that money and as quickly and effortlessly as possible, you should rely on DoNotPay!

With Raise Youll Get To Set Your Own Price For Your Unused Gift Cards

  • Payout value: You set the value of your gift card!
  • Payout options: Check by mail , ACH deposit, or PayPal.
  • Retailers accepted: More than 4,000 brands, though there are many brands with restrictions.

Likely one of the most well-known websites on this list, Raise.com is another great place to sell your unwanted gift cards. Its a bit different from the other websites mentioned as you have the freedom to set your own price for the sale. Sweet!

At Raise, after you enter in the amount of your card & card information, you choose your selling price , and the website will show how much you can earn from the sale after they take their cut of the selling fees. So while it may seem like you could get more for your card on Raise, dont forget to take the websites commission into account.

Looking to buy a gift card? For a limited time, get an extra 10% off all of Raises discounted gift cards when you enter promo code FIRST on your first purchase.

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How To Transfer A Visa Gift Card To A Bank Account

You can transfer money from a prepaid card to your bank account indirectly by trying some of the following options, which we go into more detail about above:

  • Add the card to your PayPal or Venmo account and transfer the balance to your own account
  • Get money for a voucher issued by a Gift Card Exchange Kiosk and then deposit it into your account
  • Choose an app or website to sell your gift card to that pays you through direct deposit, letting you then use the selling price as a way to transfer the Visa gift card to your bank account
  • Use the card to buy a money order, with the value of this then placed in your account
  • How To Stay Safe When Selling Gift Cards

    Easiest Way to Find Extra Cash! | Sell Your Gift Cards for Money

    Among the best sites to sell gift cards online for cash instantly is a marketplace where they verify the card balance and also offer protection both to the buyer and the seller. Ones you have sold the gift card, it is essential that you keep it for up to 180 days just in case the buyer is unable to redeem the card balance.

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    Get The Most From Gift Cards You Already Own

    I understand that you likely landed on this blog post because you wanted to find places to exchange gift cards for money. And Ill get to that. But first let me share three tips on how you can make the most from the gift cards you already own. One of these tips includes how to direct deposit that gift card as cash in your bank account. Yes, thats possible.

    Examples Of How Much Cash Your Gift Cards Could Earn

    To help you determine the best place to sell your unwanted gift cards, weve compared several price estimates from popular stores. Heres how the five gift-card marketplaces stack up.

    $21.25$21.25

    *Note: Estimated exchange prices for Gameflip and Raise were based on the rates of digital gift cards currently listed and selling on their marketplaces, minus the applicable seller fees .

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    Best Places To Sell Gift Cards For Cash Online & Near You

    by Lauren Bennett – Last Updated April 30, 2021

    Dont know where to sell that gift card that you know you just wont use it?

    You probably have been given a gift cards for stores that you never shop form.

    Well, youre not alone. Statistics show that $1 billion in gift cards go unused each year.

    Thats a pretty staggering number.

    Thats why here at MP we talk a lot about selling unused gift cards.

    Need Easy Extra $300+/Month for Free?InboxDollarsPanda ResearchDaily Goodie BoxPinecone ResearchKashKick

    Weve also shared a simple way to exchange your gift card for cash instantly.

    As you can imagine, there are a lot of ways to sell and trade gift cards from dedicated marketplaces and websites to forums and communities like Reddit.

  • The Bottom Line
  • What Are Other Options For Getting Rid Of Unwanted Gift Cards

    Where can i sell my gift card for cash

    Maybe youre not as online savvy as youd like to be, and youre looking for other options to rid yourself of your Target gift card. Or, you still want to earn cash, but the idea of stopping by the post office or shipping your card out via FedEx seems like more effort than youre willing to make.

    Maybe youre completely unconcerned with the idea of earning cash from your gift card, and you want to ensure that the card goes to good use, since you don’t need it. Whatever the case may be, we have a solution for you.

    Read Also: Ebay Gift Certificate Balance

    How Can I Exchange Gift Cards For Cash

    You can exchange gift cards for cash easily by selling the unused card directly to a gift-card site like CardCash, CardKlip or GiftCash. They will buy the card from you directly. Or you could list your gift card on Gameflip or Raise. They work like marketplaces where people can bid on your card and buy it from you.

    Add It To Your Venmo Account

    Similar to PayPal, you can put your Visa gift card balance on your Venmo account. And this is actually a better option than PayPal if you were planning to transfer the money to your own account as cold, hard cash.

    This is because Venmo doesnt charge any fee to transfer money from your Venmo account to your bank account, unless you select the Instant Transfer option. Otherwise, the money should arrive in your account within one to three business days.

    To do this, go into the Venmo app and find the option that lets you add gift cards. Theres a chance that youll get a warning message here for fraud prevention, so either try again or give Venmo customer service a call at their helpline to see if they can clear up the issue.

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    Consider Ways To Get Paid

    Depending on the service you choose, when you sell a gift card you can receive a check in the mail, a PayPal payment or a more useful gift card.

    Payment apps might be quick, but keep those pesky transaction fees in mind if you want to maximize your payout. Checks may take a little longer, but theyre as good as cold, hard cash. And depending on your spending habits, another gift card might be the best choice, as the conversion rate is going to be the highest.

    Each selection has its own perks, so choose whichever best fits your needs.

    Use The Visa Gift Card To Pay Your Bills

    WHERE TO SELL YOUR GIFT CARDS FOR CASH!

    The next method, which is as good as getting liquid cash, is using the gift card to cover your bills. This can be done with the free service called Plastiq as mentioned above.

    You can do this in the following ways:

    • Pay large bills like your mortgage, car payment, and more

    Since you would have used cash to pay for the installments of loans like your car loan or mortgage, using the card is as good as cash.

    Some companies, such as Plastiq, allow clients to settle certain bills through credit cards.

    And, since Visa cards are perceived as credit cards, you can use them with companies that allow payment by credit.

    However, you should know that since the company will treat the card as a credit card, the card will incur slightly fees. Its completely free to sign up and try.

    Free

    • Pay everyday bills

    Besides using the cards for larger bills, you can also use it to settle regular bills or, better still, make some local purchase with the Visa gift card.

    This is possible since, in most cases, Visa gift cards are acceptable in stores that accept normal Visa cards.

    Also, billers who accept the use of credit cards will, in most instances, take the gift card as payment.

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    Gift Card Bin Store Locator

    Gift Card Bin has more than 600 partner locations across the United States, all of which allow you to exchange your gift card for cash. The organization buys cards from more than 700 different merchants, so its sure to accept anything youre likely to receive.

    Once youve used its store locator to find the nearest kiosk, just turn up with your gift card and ID to complete the sale.

    Deposit The Gift Card Amount In The Bank

    Believe it or not there are certain gift cards, often in the form of a debit card that you receive as a reward for a purchase, that you can deposit directly into your bank account. I usually get these after buying my dogs flea and/or heartworm medicine at the vet.

    I learned this the hard way. For the longest time, I would try to use these gift cards to buy gas or groceries. But each time I would swipe it and even after the instructions for use at retailers, the card would be reject. Finally, one day I read the fine print on the back and discovered the bank deposit option, which is what I did.

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    Giftcardbin: Good For Customer Satisfaction

    If the other companies we tested aren’t giving you the results you want, you might want to consider GiftCardBin. You can search by discount, store, category or your own favorites once you create an account. You can buy electronic or physical gift cards and if you choose the latter you can expect it in the mail within ten business days. Digital cards will appear in your account within two business days – longer than some promise.

    You can also get vouchers printable at home and redeemable in-store for certain retailers. We saw discounts as high as 31% during our testing, which meant you could buy a $140 Lane Bryant card for less than $100. That said, youd need to be confident in making a large purchase for this deal to pay off.

    We saw some impressive savings with GiftCardBin, so its worth signing up for alerts in case any of your favorite retailers crop up with a great deal. Whilst not accredited, an A+ BBB rating indicates a high level of customer satisfaction – one of the major perks of GiftCardBin in comparison with leading sites.

    Donate Your Gift Card

    Where can i sell my gift card for cash

    If youd rather keep another service from profiting off your gift card or dont find the exchange worthwhileor if you’d feel less Scroogelike by giving your unwanted card awaycontact your favorite charitable nonprofit and ask if they accept donated gift cards. Giving the card away could even lower your tax bill, if you itemize, and extend that holiday generosity even more.

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    What If I Think The Offer Is Too Low Will It Take My Card

    Though you enter the card information to find out what the offer will be, youre not obligated to accept it. If you like the cash back offer, then you complete the transaction and deposit the gift card into the kiosk when asked. If you dont like the offer, decline it, cancel the session and keep your card.

    Donate The Gift Card To A Charitable Silent Auction

    Have you ever gone to a fundraising event where there are gift cards up for bidding? Chances are someone donated those gift cards to help the charity raise money.

    Like regifting, I would only recommend this strategy if you know that the gift card you are donating has 100% of its value on the card. Also, check with your accountant if you can receive a tax deduction for this donation. While that doesnt put cash directly in your pocket, it could lower your tax liability for that year.

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    Avoid Redeeming Credit Card Rewards For Gift Cards

    Theres one more thing you need to know about making money from gift cardsin most cases, redeeming credit card points, miles or cash back for gift cards isnt the best use of your hard-earned rewards. While you can redeem credit card rewards for gift cards, youll often get a lower value than you could have earned if youd redeemed your rewards for statement credits, travel bookings or online shopping.

    If you want to maximize your credit card rewards, its best to avoid turning your points, miles or cash into gift cards. Instead, take some time to learn which rewards redemption methods offer the biggest bang for your buck. If you have a Chase travel credit card, for example, your points are often worth more when you redeem them for travel through Chase Ultimate Rewardswhich means youre leaving money on the table if you redeem your Chase Ultimate Rewards points for gift cards.

    Card Kangaroo: A Great Inventory Of Cards

    Best Sites to SELL GIFT CARDS for Cash

    Card Kangaroo has an inventory of about 1,300 cards as of last November and has served nearly 59,000 customers. You can use this website to buy, sell or trade your unwanted gift cards or simply check the remaining balance of a card you found in your wallet. CardKangaroo guarantees the stated balance up to $500 of purchased gift cards for 100 days from the day you buy them. They accept major credit cards as well as PayPal.

    If you’re looking to sell cards you simply select the merchant, value of the card and get an offer from the website. This company is unique in that you’ll receive a shipping label and be asked to mail your gift card in, rather than simply providing the card’s number and other information. If this isn’t too much of a hurdle for you, CardKangaroo is a great gift card swap option. You’ll receive payment via a check in the mail or through PayPal.

    If you’d rather trade for a different gift card you simply click that option after providing information about the card you no longer want. Once you’ve picked which gift card you want, you’ll have to ship yours in before getting the one you swapped it for in the mail.

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