Thursday, May 26, 2022

How To Sell Gift Cards

Many Ways To Sell Gift Cards For Cash

How to Sell Gift Cards safely and at the Best Price (Amazon, google play, iTunes, Steam, Xbox, etc)

There are many ways to sell gift cards for cash. The most common way is to sell a gift card online to a gift card reseller that buys the unwanted gift card, sends payment to the seller and then resells the gift card to another customer. In addition to true resellers, there are also online sites that match gift card sellers up with gift card buyers, facilitating transactions without actually touching the cards.

One of the benefits of selling your gift card to an online reseller is that the cash back offer will generally be higher than any other method. The one drawback to using these sites, however, is that youll generally have to wait for payment to arrive. Depending on the reseller and payment method selected, you might wait a couple of days for a PayPal deposit or a few days for a check to arrive in the mail. Because the cashback offer is so good, however, I think online resellers are the best choice when you dont mind waiting to get your money.

Customize The Design And Messages For Gift Cards

The user can also customize the gift card templates to rebuild personalized gift cards or gift certificates by following the settings from the below image.

Once the setting to customize gift cards is enabled, youll get the following window with all the available options to customize the gift card template.

Post customization step is completed successfully, you are all set to sail the boat and sell gift cards to the recipients in the previously selected ways.

Buying A Gift Card With Cardcash

Operated by its founders since 2009, CardCash has been unscathed by the blights plaguing the BlackHawk Network. CardCash is best when you’re buying for yourself and want to score extra savings: You can buy partially used or unused gift cards for amounts over $10. The interface is intuitive and tells you the percentage you’ll save on each discounted gift card. For example, I saved 1.8% of the value of a $25 Home Depot e-gift card by paying $24.55 for the $25 value. Just note that once you add a product to your cart, you have 20 minutes to check out or your selection may not be reserved.

CardCash offers a 45-day money-back guarantee on all purchases if something goes wrong with the gift card value. You also have the option of paying with BitPay. When I finalized the purchase, I was notified it would take up to 24 hours to receive my gift card in my inbox, but I received it almost immediately. The gift card itself came in the form of an email attachment.

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Tips To Sell Gift Cards For Paypal Cash

Not that long ago, I cleaned out an old purse and found a few gift cards lurking in a hidden pocket. I had completely forgotten about these these cards and they were several years old. When my husband and I checked the balance on the gift cards, it was almost $150!

The problem was that the gift cards were for retailers in the area where we used to live, before we moved. Now, the nearest stores are over 100+ miles away and we probably wouldnt get the opportunity to use them.

Fortunately, that doesnt mean theyre worthless! If you have gift cards you can no longer use, it is possible to sell them and get cash instead. Here are a few tips.

How To Use A Resale Site

What Gift Cards Does Hy

As mentioned, the resale site will buy a gift card from you for a percentage that reflects the popularity of the card. Thats because the resale site buys the card from you and sells it to someone else if people arent too hungry for Sephora gift cards, you likely wont get offered much.

The process starts with you inputting the dollar amount and provenance of the card, at which point, youll receive a notice telling you what your card is worth, and depending on the site, you might also be offered a better deal for another gift card. For example, a $50 Home Depot gift card will earn you $42.50 in cash on CardSwap, or you could opt for a $45 Esso gift card instead of the money.

If you choose to accept the offer, you will be required to fill in all the information of the gift card, like the serial number and PIN, mail it in and wait a couple of days to receive a cheque in the mail.

Bear in mind, however, that if your gift card is worth less than $25, you wont be able to use most of these sites.

People are not interested in buying a $5 or $10 gift card, Ho says.

Also Check: Wayfair Redeem Gift Card

Where Can I Sell Itunes Gift Cards

You know youre a millennial if one of your relatives has given you an iTunes gift card. This was the go-to gift for years! Not as many people use iTunes anymore, which is why its hard to find a site to buy them.

You might not realize that iTunes gift cards are interchangeable with App Store gift cards. Still, its hard to find places that will buy iTunes gift cards specifically.

CardCash says they will buy iTunes gift cards specifically, and theyll purchase a $10 iTunes gift card for $7.50.

Best Places To Buy Gift Cards On A Discount

If you can’t get cards for free, the second-best way to earn more is to purchase them for discounted rates and selling them for a higher price. Gift card discounts may vary depending on the market value.

You’ll find that gift cards for popular brands have lower discount prices than other products. If you’re aiming to sell gift cards, here’s where you can buy them at discounted rates.

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How Do You Accept Gift Cards

So, you know you want to accept gift cards. Now youre wondering how to make that a reality in your business. Thats where an EMV terminal/POS system comes into play.

Most EMV terminals and POS systems can accept gift card payments, though you should probably double check before purchasing one for your business. When you sign up for our gift card program, you get access to a host of cool features: you can customize the design of your gift cards to match your branding, and you can choose when to load value onto your customers gift cards whether that be before or after they purchase the card to thwart any attempts at fraud.

The key is simplicity. Gift card transactions, like any other method of payment, should be seamless. Checkout is an important aspect of the shopping experience, so make sure yours runs without any hiccups.

Selling A Gift Card Back To The Store

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It’s safe to buy retailer gift cards directly from retailers, 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 hasn’t been used. Not many will accept a used gift card, however. In some cases, state law may allow you to redeem gift cards with small amounts left on them for cash, according to the National Conference of State Legislatures.

In California, you can generally redeem a gift card with the retailer for cash if it has $10 or less left. If there is $5 or less left on your gift card, you can generally redeem it for cash value in Colorado, Maine, Massachusetts, Montana, New Jersey, Oregon, Puerto Rico and Washington. And if there is $1 or less left, you can generally redeem it for cash in Rhode Island and Vermont.

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How To Sell Gift Cards On Your Woocommerce Store

Why Gift Cards?

We often wonder how the legacy of giving gift vouchers is so profound in recent years with the advancement in online shopping and e-businesses.

The idea of giving gift cards dates back to early eras when the concept of gifting evolved from presenting prestigious articles to offering cash in decorative envelopes to dear ones as gifts. But with the evolving technology and modernization, the methods of online gifting have also evolved.

In this 21st century, exchanging gift vouchers with dear ones on special occasions is the most convenient way to show love while giving them the freedom of choice.

Selling A Gift Card To Cardcash

Selling through CardCash is your best and most convenient option for selling a gift card online. You enter the brand name and amount of your gift card, and it makes you an offer. For my $25 Home Depot gift card, it offered me $22. I even had the option to get offers for multiple gift cards at the same time. My redemption choices were direct deposit , PayPal Express or a mailed check. I went with direct deposit, and even though I had to hand over my bank account information, I also had to give my credit card information to place a temporary $1 verification charge for CardCash’s security.

Remember not to get rid of your gift card right after you complete your transaction, as it could take up to a day to verify that your gift card is valid. That said, I got an email that my order was accepted less than half an hour later. CardCash also said to allow one to two business days for my money to show up in my bank account, but I had my $22 by the next day.

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Make Your Gift Cards Easy To Use

After you design your gift cards, it’s time to think about how your customers will use them. You want it to be easy for them to understand and take advantage of. Just like how you’re reading this blog to feel confident in your gift card program, you need your customers to feel comfortable buying and redeeming gift cards to your business.

To help ensure that it is simple for them, you should emphasize how easy it is to buy and redeem your custom gift cards. Use brochures, signage, and your website to help communicate and promote your gift card program to customers. Gift cards are very commonplace nowadays, so educating your customers shouldn’t be too difficult, but it’s worth your while to create customers that are confident in buying and using your gift cards.

Determine The Selling Price

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While you might on occasion be able to sell or trade a gift card for 100% of the value, usually you will need to discount the gift cards price. Otherwise, theres no incentive for people to buy it from you instead of directly from the store.

For example, if you have a $50 gift card, you could list the price for $45 or $48. The lower price you charge, the more likely you are to sell. Just make sure you still make a decent return.

To get an idea of current asking prices, check out some of the places to sell gift cards to see what the going rate is for most items.

Also Check: Buy Southwest Gift Cards

Check The Balance Of Your Gift Card

Even though the Gift Card Exchange machine will verify the balance of the gift card, youll want to know for yourself before accepting an offer. Plus, the kiosk will only accept gift cards with a balance minimum of $20. The easiest way to check the balance of your gift card is to look at the back of the card and either call the telephone number or go to the website listed.

How To Sell More Gift Cards In Your Retail Store: 7 Proven Ways

Gift cards. No matter what type of store you have or how big your business is, youll likely benefit from carrying them in your shops. As retail expert Kevin Graff said, Gift cards are Gods gift to retail.

Why? For one thing, customers who use gift cards tend to spend more. According to a survey by First Data, respondents who receive either a plastic or a virtual gift card said that they spent an average of $23.41 beyond the original value of the gift card.

Not only that, but shoppers are also more inclined to head to a store if they have a gift card. The same study found that 51% of respondents said that receiving a gift card prompted them to visit a store more often than they would have otherwise.

Clearly, gift cards are a big boon for business, which is why if you arent offering them at your stores, you could be missing out on a lot of sales and customers.

Why are we bringing this up now? Because its October, and its only a matter of time before people start asking for gift cards. will show you that searches for the gift cards ALWAYS ramp up in December. Thats why if youre planning to sell them in your store this season, now is the time to prepare.

Here are 7 pointers to help you market your gift cards and maximize sales.

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Effectively Market Your Gift Cards In Your Store

A gift card program can only be successful if consumers know about it. Big box retailers like Target and Best Buy sell a huge number of gift cards during the holiday season. Not only because they have a well-established reputation, but they also make sure their customers know about their gift card scheme. They market their gift cards in-store by displaying them on every checkout counter and having their sales assistants offer them to customers upon payment.

To get your customers noticing your gift cards, you need to market them in your store. Give your customers as many opportunities as possible to see and hear about your gift cards while theyre shopping. Take a leaf out of the big brands book by displaying them on your and getting your sales team to offer them to customers as part of a natural conversation when checking out.

How Do I Protect Myself From Fraud

How to Sell Gift Cards Online Without a Website

SHORT ANSWER: Work with a trusted reseller and treat the gift code like cash.

The most important thing to remember is that the value of a gift card can be used without having the physical plastic in your possession. The gift codea combination of the gift card number and PINcan be used online and it can be loaded into a mobile wallet or gift card app for use in stores. In general, I love this flexibility! It means I can use most gift cards online and I dont have to carry around a wallet full of plastic gift cards in order to redeem them in stores. Im also less likely to forget to use gift cards because they are always handy on my phone. This ease, however, creates opportunity for someone to steal a gift card code even though you are still holding the plastic.

In this list of gift card scams you can easily avoid, I share some examples of how gift card sellers have been swindled out of their money. A simple scenario is when a buyer asks to see a gift card or listen to a balance inquiry call to make sure the gift card has the stated value before sending payment. Though this may seem like a reasonable request, allowing it gives the buyer access to the gift code. The fraudulent buyer then quickly uses the code to make an online purchase before the seller even knows what has happened.

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What Is The Best App To Sell Gift Card In Ghana

Prestmit mobile app is the recommended platform to trade gift cards and Bitcoin securely in Nigeria and Ghana. Prestmit allows you sell gift cards easily for cedis or for MOMO, in less than 5 minutes, and of course, at good rates.

Using Prestmit mobile app, you can sell your Google Play gift card, iTunes gift card, Steam gift card, American Express gift card, Vanilla gift card, Target gift card, Nordstrom gift card, Sephora gift card, and other gift cards.

Decide Your Selling Method

In-Mail: Visit our website to sell your gift card or merchandise credit by mail for payment via check. This method takes the longest but yields the highest payout.

Redeem Online: Visit our website to sell your gift card or merchandise credit by sending the codes online for payment via check. This method takes half as long as In-Mail and yields a payout lower than In-Mail.

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Why Are Gift Card Programs Great For Businesses

Selling gift cards can be a big help to any business without too much effort on the part of the business owner. Gift cards were an essential part of keeping SMBs afloat during the mandated closures brought on by the COVID-19 pandemic, because they are such an easy way for customers to support their favorite businesses.

They boost sales

Additionally, gift cards are a great way to boost sales. Studies show that customers are willing to spend more with a gift card versus spending their own money and, on average, spent over $30 more than the value of their gift cards last year. The type of gift card you sell can also make a difference. Selling plastic gift cards instead of paper gift certificates can increase gift card sales by 35-50%.

Giving a retail gift card as a gift can bring in new customers, too. Gift cards are primarily given as birthday, holiday or thank you gifts. Your loyal customers can give a gift card to a friend, who, for you, is a potential new customer. Lets say one of your best customers gives their friend a gift from your boutique. if your customer gives their friend a gift card to your boutique, they have no choice but to visit your shop to redeem it. 44% of people in a study visited a store that was new to them because they received a gift card and even more people visited stores more often after they got gift cards.

They build brand awareness

Theyre cost effective

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