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.;
Check The Shape Of Your Gift Card
When you get to the Gift Card Exchange machine, youll either have to swipe your gift card so the machine can read the magnetic stripe or youll have to hold the bar code up to a scanner. There is no way to key in the card number. If your gift card is an odd shape, too big, too small, has cut-outs, or is a printout of an electronic gift certificate, you might not be able to see it at the kiosk.
Final Thoughts On Using A Coinstar Gift Card Exchange
While I know I was pretty disappointed to see that it may no longer be possible to find a Coinstar Gift Card Exchange kiosk near me, there are plenty of Coinstar alternatives for those looking to do a gift card exchange for cash.
In particular, selling them online appears to be the easiest and most secure option. The fact that these sites can guarantee to buyers that the gift cards are legit means that youre likely to get your cash the fastest through there, as buyers are less hesitant to purchase gift cards through there compared to, say, Craigslist.;
That said, using the gift card to buy something which you can then resell could see you getting more money for the item than you would if someone bought your gift card for a percentage of the balance. This is especially the case if you use the gift card to buy an item thats on sale, meaning you may be able to resell it at its full price.
Either way, its safe to say that you definitely have some options if youre stuck with an unwanted gift card!
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Trading Your Gift Card
Trade Your Gift Cards For Cards You Like Better
If you like having gift cards but just dont like any of the gift cards you have, theres always the option to swap your gift cards for cards to other stores.
CardCash, for instance, lets you trade in your gift cards for gift cards of the same valueor, in some cases, cards worth up to 7 percent more. When you use a site like CardCash to trade gift cards, not only are you making money on a gift card you otherwise wouldnt use, but you might get a couple of extra dollars to spend at a store or restaurant where youd actually like to treat yourself.
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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.
What About Cardpool Kiosks
Cardpool is unique in that it offers its gift card exchange service through kiosks. These kiosks are usually located inside another store, such as a Target, and you can locate one using Cardpool’s online map search feature. Once you find a location, simply bring all your unwanted gift cards to that store and swipe them at the machine. You can also exchange electronic gift cards.
The downside is the cards must have at least $15 on them and no more than $1,000, so that Starbucks card in your wallet with a couple dollars on it wont work. You can get up to 85 percent of the card’s value at a kiosk, though your return will vary depending on the type of gift card you exchange. The kiosk prompts you to enter your personal information and then offers you cash in return for the cards. Finally, you collect your money from the store’s service desk or at the kiosk if you have a reloadable Visa gift card.
To use a kiosk you need a government-issued ID, cell phone number, email address and sometimes a credit card number. This is to prevent fraud and keep someone else from collecting your cash at the stores service desk. If you are asked to enter credit card information, Cardpool will never charge it without your permission. However, if the gift card you sell was obtained illegally, you could be charged.
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How To Cash Out Gift Cards Safely
The smart and safe way to sell unwanted gift cards is to use a well-known legitimate gift card exchange, such as Giftcards.com, Cardpool, CardKangaroo, CardCash, ABC Gift Cards or Raise.com. You might want to start at GiftCardGranny.com, an online aggregator that lets you instantly compare offers from various reputable websites.
We offered to sell a $100 Walmart card on Gift Card Granny and got seven offers, ranging from $74 to $90.
If you go to a trusted gift card reseller, theres a company sitting in the middle handling the transaction for you, said Shelley Hunter, the Gift Card Girlfriend on GiftCards.com. Theyre brokering between you and the seller, so you don’t have to worry about interacting with a person that you can trust.
Online exchanges base their offers on supply and market demand. As a rule, they tend to pay more for cards that people want and the exchanges need. Thats why people selling iTunes cards, the most resold gift card last year, were paid about 65 percent of value while those selling a Nordstrom card got 87 percent, according to a recent report from Gift Card Granny.
In most cases, you can choose various payment options, including check, PayPal, electronic deposit or another gift card.
Where Can I Sell Itunes Gift Cards
Game Flip allows you to sell iTunes gift cards on their site, and, in fact, iTunes cards are one of their more popular resale items. Once youve created a user account, complete with login and password, youre able to register your card within the platform and, hopefully, resell it.
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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.
Sell Gift Cards For Cash
If you want to sell your gift card for cash, your return will be lower than if you exchange it, says Romanelli: Swapping your gift card for another stores is the best way to maximize your return.
GiftCardGranny.com found that the cards with the highest resale value are for groceries , gas stations , or large retailers that offer a wide range of products, such as Amazon and Walmart, which round out the top five.
If you dont want to have the value of your gift card dictated by a reseller, use Raise.com to sell your gift card for cash. You set your own pricethink eBay, but without the bidding. WalletHub ranked Raise.com as the second best gift card exchange for sellers, with the average resale value on the site topping $81 for an $100 gift card.
You can list any online gift card for free on the site; for physical gift cards, you’ll pay $1 or 1% of the total balance, whichever is greater. But you may have to wait to get a buyer who’ll pay the price you’re asking. And when you sell the card, the company will take a 12% cutso even if you get someone to pay full value for your gift card, you’ll recoup no greater than 88%.
Also Check: Does Sephora Have E Gift Cards
Where Can I Sell My Gift Cards
One of the most important things to consider before selling your gift cards is how you want to receive your payment. Are you hoping for the instant gratification of PayPal or direct deposit? Or are you more of a paper check, in the mail type of person?
This may seem irrelevant to some, but to others, the accessibility of their cash is important. Your unwanted gift cards are stacking up, and its time to unload them. Googling where to get cash back for my gift card isnt going to cut it this time. It would be best if you had a clear direction on how youre going to sell your gift cards and what platform will give you the most money with the quickest turnover.
Once youve settled on this important facet, you can filter through your options.
Easy Ways To Convert Gift Cards To Cash
Disclosure: This post may contain affiliate links, meaning I get a commission if you decide to make a purchase or sign up through my links, at no cost to you. Please read my disclaimer for more info.
Do you have a Visa gift card that you wish to exchange for cash? Here are several easy methods you can use to convert gift cards to cash.
Visa gift cards are a great way of saving on shopping. Most are sold during promotions where stores offer incentives for shoppers to buy and use them. However, sometimes people need to convert a Visa gift card to cash.
Well, no cause for alarm.
If you wish to convert your gift cards to cash, there are numerous ways to do it.
In this article, we will explore the most feasible ways available to convert that Visa gift card to liquid cash.
But why would you want to convert your Visa card? Well, there are a number of reasons why someone may wish to do this.
If you are like me and check your net worth on Personal Capital daily, you likely think gift cards are a waste of time and space. Why carry virtual money when you can have cold hard cash to invest or pay down debt?
These Visa gift cards cannot be used to withdraw money at an ATM, which therefore makes them somewhat inflexible.
Preferred Method for Converting Plastiq
Our preferred method to use to convert a Visa card is with Plastiq. Its completely free to join and you can pay for anything with credit cards. Even where credit cards arent accepted.
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How To Use A Resale Site
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.
Get Up To 92% Back For Your Gift Cards With Cardcash
- Payout value: Up to 92% of the value of your gift card depending on the retailer.
- Payout options: Check by mail, ACH deposit, PayPal, other retailer gift card.
- Retailers accepted: More than 1,100 brands.
CardCash accepts gift cards from a wide variety of retailers and features a straightforward selling process. Plus, if youre just interested in trading your gift cards, you can even receive up to 7% more! After you accept their offer for your unwanted gift card, youll be instructed to either enter your card information to transfer the balance or mail it in to be processed.
Shopping around for a gift card? Score over 30% off select gift cards on CardCash.com no coupon or promo code needed!
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Buy A Gift Card On Giftdeals
GiftDeals lets you buy gift cards, though it hasnt yet completed its process for people to sell cards, at least not online. To buy a card, browse among the ones on display or search for a specific card at the top of the homepage. Choose the type of card and the amount you want.
You can either add the card to your shopping cart, or choose Buy It Now to check out. When ready, check out to pay for the card. Youll be asked to create an account if you dont already have one.
How To Sell Gift Cards Online Instantly
At Your Money Geek, we love earning free gift cards!
However, often our favorite apps to earn gift cards may not offer the card we are looking for. For example, maybe we won an Amazon card but really need a Lowes card. Also, Let’s not forget that sometimes you need cash to pay bills or invest.
Luckily, there are several ways you can sell gift cards online for cash, and receive either check or PayPal.
Note: Keep in mind that everyone’s success in selling gift cards is a little different. So, try a few different ways and figure out what your most effective method is. When you do, let us know what you discovered; were always eager to learn more about user experience with the tools weve highlighted.
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