Can I Sell Gift Cards For Cash
Receiving a gift card you know you wont use doesnt mean that the card has to collect dust at the bottom of your drawer.
Most people choose to sell their gift cards for cash, either online or in person. While this method is the most popular one, you should know that you probably wont get 100% of the cards value. While selling the card can be a good solution, this doesnt have to be your only option.
Heres what you can do to make use of the card:
|What To Do||Description|
|Exchange the card for another one||There are many online platforms that enable you to trade your gift card for another one. Since some of these websites are shady, make sure to do thorough research before you decide which platform to register for|
|Return the card to the retailer||Some shops accept gift card returns and provide reimbursement|
|Gift the card to someone whod use it||If you know that one of your friends or family members likes the retailer in question, you should consider giving the card to him or her. In that way, you wont have to spend money on a new present, and the gift card wont go to waste|
Reddit Gift Card Exchange
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.
Other Places To Get An Amazon Gift Card
- Redeem your Swagbucks SB for up to 12% off.
- Check out this article for 21 great ways to .
And if Target gift cards or Starbucks cards are more your jam, you can earn them free on InboxDollars for completing online brand loyalty activities like answering surveys, doing daily trivia, reading PaidEmails, watching short video clips, and much more.
Most offer earnings will be credited to the members InboxDollars® account within a few business days of offer completion. Some offers may credit immediately, while others may take up to 30 days to credit. Members should read and comply with all requirements of an offer to ensure timely credit.
InboxDollars® credits members for completing offers based on information we receive from our Advertisers. Thusly, the Advertiser has the final say in whether or not a member is credited for completing an offer. For more information, please read full terms of CASH OFFER CREDITING.
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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.
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.
Dont Sell Gift Cards On Ebay
EBay has always been a popular place for buying and selling things online but it might be the worst way to sell gift cards.
First, an eBay buyer isnt likely to buy your gift card for more than 80% to 90% of its value. For a $100 gift card, you can count on a loss of between $10 and $20 right off the bat.
On top of that, you may be responsible for eBays insertion fees, a final value fee and a performance fee if your eBay seller account isnt in good shape. These fees eat further into your earnings.
You may be thinking, hey, dont Raise and Gameflip also have seller fees? They do. But these marketplaces specialize in selling gift cards, so the base value of your gift card is much likely to be higher on Raise or Gameflip than eBay. Also with eBay, theres no built-in way to verify your gift card code or balance making the selling and shipment process much more of a hassle.
In short, stick with one of the five gift-card selling websites above to get the most money for that ol AppleBees gift card thats nearly fused together with your wallet.
How To Sell Gift Cards For Cash Safely Online
Sure, its the thought that counts. But sometimes you get a gift card you really dont want or cant use.
Maybe you dont eat at that restaurant. Maybe theres no store nearby. Maybe theres not enough value on the card and you would need to spend your own money to buy something.
Unless you can regift it, chances are youll toss that card in a drawer or put it in your wallet, and hope youll find a way to use it someday. But will you?
About 6 percent of all gift cards are never used, according to Anduro Marketing. If you havent used the card within 180 days, chances are you wont, according to the Paytronix Annual Gift Card Sales Report 2019.
Rather than losing money, why not sell the card? You wont get full value for it, but its better than losing the card or forgetting to use it. Thats a 100 percent loss.
Id rather see people spend their gift cards, redeem them, and get the full value, but I really like the fact that theres a backup plan if you cant do that sell them, said Shelley Hunter, Gift Card Girlfriend at GiftCards.com.
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Academy Sports & Outdoors Gift Card
*Visa® Gift Cards may be used wherever Visa debit cards are accepted in the US. No cash access. Visa Gift Cards and Visa Incentive Cards are issued by MetaBank®, National Association, Member FDIC, pursuant to a license from Visa U.S.A. Inc. The 5% Back Bonus offer is provided by the Award Sponsor and is not provided or endorsed by MetaBank or Visa.
How Can I Get Cash For Gift Cards Immediately
When you sell your gift cards online, its possible to get a quote immediately. That is, you can easily and quickly check how much your gift card is worth. But the entire process of selling the gift card online will take much longer, especially if mailing the gift card is required.
One option for faster cash is through GiftCardBin, which partners with more than 600 businesses nationwide to buy gift cards in person. Use its store locator tool to see if a partner is nearby. Then you can sell your gift cards for fast cash. However, you should expect a quote much less than the online exchanges.
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Egift Cards That Are Easy To Send And Spend
Recently I ranked top store egift card programs according to the personalization features available from each. I wanted to find out how easy it would be for a person sending an electronic gift card to add a custom message, image, video and so forth. For the list below, Im looking at digital gift cards from the viewpoint of the recipient. The key factor in determining customer satisfaction with regards to gift cards is being able to redeem the card with ease. While many egift cards can be used in stores, its almost certain that they can be redeemed online. So, below is a list of egift cards that I believe would be the easiest to spend electronically.
Having used egift cards in stores and online, I know that many can be used just as easily at a physical cash register as they can be used in an online shopping cart. However, not everybody is comfortable accessing digital gift cards on their smartphones or in their mobile wallets. So, below are Top eGift Cards that you can send at the last-minute knowing the recipient will be able to redeem the gift card with ease.
Gift Cards From Retail Businesses
The Consumer Protection Act bans most retail business gift cards from having an expiry date. This means a gift card can be used to its full value no matter when you decide to use it.
The act also requires that all restrictions and conditions must be stated in clear and visible writing for the customer.
Gift cards that can have an expiry date include:
- gift cards for one specific service
- gift cards issued for charitable purposes
Types of cards not covered by the gift card rules include:
- loyalty cards or club cards used to collect rewards or points
- pre-paid credit cards
No extra charges to use a gift card
Under the act, most businesses cant charge extra fees, such as:
- activation fees or added service fees to purchase the card or to use the card
- fees that reduce the value of the gift card over time, sometimes called dormancy fees
No sales tax to buy a gift card
Businesses cannot charge harmonized sales tax when you buy a gift card. Check your receipt to make sure.
HST is charged on items or services you purchase using a gift card.
When can a business charge a fee?
Businesses are allowed to charge for:
- customizing a gift card
- replacing a lost or stolen card
Always read and understand the terms and conditions before you buy a gift card.
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Bonus Target Egift Cards
I cant end this list without talking about Target egift cards. Target is always just a little bit ahead of most other stores and restaurants when it comes to gift cards. From their amazing plastic selection in all shapes and sizes to their plethora of digital gift card designs, it is easy to give a gift that perfectly fits the recipient on your list. So its not surprise to me that Target egift cards are also very easy to use. You can present them on your phone via the email you received, a screenshot on your camera roll, your mobile wallet or the Target app. Target egift cards are just so easy to use.
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.
*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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Top 10 Places To Sell Gift Cards For Cash
Receiving a gift card as a present is a mixed bag emotionally. Of course youre grateful but you also cant help but wish the giver had opted for cash instead. If youre currently facing financial hardship, as many of us are in the current climate, the blow will sting even more. You want money to pay your rent, not Apple store credit!
Luckily, you have more options available to you than just sucking it up and using your gift card to buy some consumer goods you dont need. There are many places you can trade your store credit for cold hard cash, both online and in person.
Where Can I Sell Gift Cards For Cash In Person
Whether you want to sell an unused or a half-used gift card, one of the options you have is to head over to the closest:
- Gift card exchange kiosk
While this method enables you to get your money back immediately, the entire process can be rather tedious. Besides having to search for the closest store location on Google, youll also have to spend hours:
Another drawback is that youll probably have to provide a receipt as proof of purchase if you choose to go to the retailer directly.
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Where To Sell Your Unwanted Gift Cards
The market has greatly consolidated in the last year. Most gift card websites now focus on selling cards at a discount or buying in bulk.
The two main sites that still buy unwanted gift cards from individuals are Raise and Cardpool and they have very different business models. Cardpool buys cards directly from consumers. Raise lets you list the cards you want to sell on their marketplace.
How Much Do You Get For Gift Cards At Coinstar
Coinstar discontinued its gift-card-buying services at all Coinstar terminals. However, if youre using Coinstar to count your change, you can maximize your payout by choosing to accept payment by gift card. This option allows you to skirt the fees associated with cash payout.
Dana Sitar is a former branded content editor at The Penny Hoarder. Adam Hardy is a former staff writer for The Penny Hoarder who specializes in stories on the gig economy.
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Can You Buy Gift Cards At Self
Yes. If youre buying a preloaded gift card for a set value, you can just scan the card and add it to your bag with the rest of your groceries. If youre buying a gift card where you can decide how much credit to add, just scan the card and fill in how much cash you want to add to it when the prompt appears. The card then automatically activates once youve paid.
How To Buy And Sell Gift Cards Legitimately
There is a lot of mystery surrounding the gift card market, but we’ve done the research to keep your transactions safe.
The popularity of gift cards is partly due to the fact that you can buy them practically anywhere. You can find them at retailers, grocery stores, restaurants and sites like Amazon.
But their wide availability also comes with some dangers, and gift card scams are common. While the above methods of acquiring gift cards are safe , you should always avoid any website that advertises itself as a “gift code generator” or anything like it. That’s a false claim and a phishing tactic. But there are third-party gift card websites offering to buy from and sell to consumers — and that’s where it gets tricky.
Gift card arbitrageurs act as a middleman by allowing you to buy and sell gift cards online or send them to others. The cards can even be partially used, and you do it all from the convenience of your couch. But it’s important to be careful which service you choose, as there are no overarching consumer protections for gift card transactions. Unlike unauthorized charges on your credit card, any money you lose on a gift card is usually gone for good.
A Checkered History Of Gift Card Companies
First, some history. A lot of gift card sales and arbitration companies have struggled financially and shut down over the last few years. In some cases, like that of The Plastic Merchant, many customers were left with uncompleted transactions and lost their money permanently when the company officially . Much mystery surrounded the ordeal, but not much could be done without consumer protections in place to protect gift card customers. Even the attorney general for Missouri declined to interfere.
Then there’s the BlackHawk Network, which has its hands all over most things “gift card.” You know those physical gift cards for sale in your local grocery store, maybe conveniently near the checkout? BlackHawk Network is responsible for that integration, a concept it launched back in 2001. Since then, the company has had an impressive history of acquiring gift card exchange and sale websites, but its overall record is spotty. Over the last several years, BlackHawk has left a trail of defunct gift card websites, including CashStar, CardPool and Gift Card Lab, and its remaining sites — including GiftCards.com and GiftCardMall — are not kept entirely updated. BlackHawk’s level of investment in those remaining websites appears low, and whether their customers will see the fate of Cardpool or The Plastic Merchant remains questionable.