Thursday, September 29, 2022

Where Can I Get Cash For Gift Cards

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

Getting Cash Back For Gift Cards

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.

Weve already shared 12 ways to .

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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
  • A Few Tips About Giving Gift Cards

    Before long, youll likely turn from a gift recipient to a gift giver. Gift cards are one of the most requested holiday gifts each year, according to the National Retail Federation.

    Avoid placing your friends and family in a precarious gift card position by selecting your gifts carefully. Aside from opting for a store you know they like, here are some other trusty gift card tips from the Federal Trade Commission:

    • Take the financial situation of the retailer into account. If a business files for bankruptcy, the gift recipient may be left in limbo.

    • Give the receipt along with the gift card so the receiver has verification of the purchase.

    • Read the fine print. Check for expiration dates and fees.

    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.

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    Flip Items Purchased On Amazon

    Can You Get Cash Back From A Walmart Gift Card In 2021?

    Are you an entrepreneur that relishes the idea of thinking outside the box?

    Selling items for a profit that you purchased with your Amazon gift card is a prime example of making money with retail arbitrage.

    There is an extra step or two involved to make money, but it can be an enjoyable experience and more profitable than selling it for a discount online.

    Plus, if you are an or own an Amazon credit card, you can earn cash rewards that can maximize your profit even more.

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    What Is The Fee For The Coinstar Gift Card Exchange

    The Coinstar gift card exchange rate is one-to-one when it comes to gift cards. That is, whatever the value of the coins you put into the kiosk is how much the gift card it gives you will be worth. There is, however, an 11.9% service fee for exchanging coins for notes.

    This is pretty steep, especially as it means that if you deposit $100 of coins, youll lose almost $12 of this. This is why it can be a good idea to check for other options where you can cash in change for free.

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    Whats The Best Way To Exchange Amazon Gift Cards For Cash

    Well, I dont think there is one best way.

    It all depends on your situation, how much the GC is worth, how fast you need the cash, etc.

    That said, there are a few ways you can get cash for your unwanted Amazon GC or any other kind of gift card for that matter.

    Here are a few options:

    1. Use Reddit

    Reddit actually has a dedicated subreddit for gift card exchanges where you can trade unwanted gift cards for cash or other gift cards.

    If you are not a member of Reddit yet, youll need an account first. Its free.

    Then simply visit /r/giftcardexchange, create a post with some details about your card, its worth, how much you want for it, etc. and wait for other redditors to respond.

    You can also use a subreddit called /r/barter.

    On this subreddit people normally barter for tangible goods rather than gift cards and gift certificate codes. But you may be able to find someone who will be willing to pay cash for your Amazon gift card.

    2. Buy Stuff for Friends/family and Get Cash in Exchange

    Ask your other friends or family members if they need stuff from Amazon. If they do, buy it for them and have them give you the equivalent amount in cash.

    And if you dont have a friend or family member who needs $500 worth of stuff, perhaps you could find a few people who may each need $50-$100 worth of stuff.

    3. Sell a $500 Amazon Gift Card for $520 on eBay!

    Not only you can sell your Amazon GC, but apparently you can sell it for more than its face value!

    4. Sell It on Craigslist

    Recommended Reading: Check Balance On Cabelas Gift Card

    Why Sell Gift Cards For Cash

    Got a gift card you dont want? Then sell it for cash online, at a mall kiosk, in some grocery stores or at select service centers. You wont get the gift cards full value back in cash, but getting some money in return is better than nothing. Depending on where you sell the card and the demand for that particular brand card, the cash back offer can be anywhere from 60 to 92 percent. Payment options typically range from cash, a check in the mail, a gift card to a different store or a PayPal deposit.

    Companies that buy gift cards turn around and sell the cards to other people at a slightly higher rate, but still below the face value. Since being the go-between in this gift card aftermarket can be fairly profitable, there are a number of places where gift cards can be sold for cash.

    First Check Your Balance

    How to turn unused gift cards into cash

    Before you throw any of your single-use gift cards away, make sure to check the remaining balance.

    With almost every card, there will be multiple ways to do this:

    • Online on the vendors website
    • In store at one of the vendors outlets

    Any remaining balance is good news. If it is a considerable sum, you can decide whether you want to use it to spoil yourself with something from the vendor.

    If its a smaller amount, $5 or less, you may want to convert it to cash.

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    Buy Items You Can Resell For Cash

    Id mentioned earlier how I like to resell items on sites like Poshmark. Well, if I had a gift card to a retailer whose wares are popular on Poshmark, I could use that gift card to make some cash for myself. Heres what Id do.

    First, Id research which kinds of clothing or accessories from that retailer people liked to buy on Poshmark. Then, Id use that gift card to buy items I plan to resell. Finally, once they arrived, I would photograph them and put them up for sale, as new with tags, on Poshmark.

    So, its a roundabout way of getting cash for that gift card. But in the end, if the items sell, it would have worked.

    Finally, if youre interested in signing up for Poshmark, use my link and be sure to enter the code SUDDENLYFRUGAL. That will get you $10 off your first purchase on the site.

    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.

    Recommended Reading: Pacsun Gift Card Walmart

    Trade Gift Cards / Exchange Gift Card

    In case you have received a gift card other than the one you had targeted, you can exchange it and get your target gift card. Several stores deal with the exchange of gift cards. Even in instances when you have used some part of a gift card, you can still exchange the remaining part. You can ask people within your circle if they would consider exchanging their gift cards. You can also exchange gift cards for other gift cards online. Sites where you can trade gift cards for other gift cards include Raise.

    Final Thoughts On Converting Visa Gift Cards To Cash

    Redeeming unwanted gift cards: Redemption rules in ...

    Visa gift cards are pretty flexible in terms of how you can use them. Given that theyre accepted anywhere that also takes Visa credit cards, you already have a huge array of options on where to spend the balance on your gift card.

    But its true that sometimes having cold, hard cash is preferable. Its easier to track as part of your overall liquid net worth, for example, and youre not limited in case you plan to use the money somewhere that a Visa credit card wouldnt work.

    In those cases, one of the options on this list will definitely help you out. Just keep an eye on the fees to make sure theres not a more affordable option for what you intend to do with the money.

    But once youve decided how to proceed, in only a few clicks, that money will be yours!

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    Join thousands of subscribers in getting regular tips in your inbox on how to take control of your finances and make more money and, for a limited time, get our free guide on the 20 most popular side hustles as a gift!

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    Youll also join our mailing list to get updates on how to make and save money unsubscribe at any time at the end of each email.

    Read Also: Starbucks Rewards Text Number

    Ways To Convert Amex Gift Cards To Cash

    Do you have an Amex gift card, but need cash instead? Here is how to convert AmEx gift cards to cash.

    Gift cards can be a kind and thoughtful gift. If youve received one, the giver probably intended for you to be able to purchase something for yourself that you either want or need.

    However what do you do if you need cash for the gift card instead? While it can take a bit of creativity, there are ways to get the balance of your gift card so that you can use it for other purposes. Today, were sharing some tips to make this process easier.

    Contents

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    Recommended Reading: Check Pacsun Gift Card Balance

    Sell Or Trade To Your Friends

    Another local option is to sell or trade your card to a person you know:

    • Friend
    • Coworker
    • Family member

    Since you already know each other, you might be able to get a better deal than dealing with a stranger.

    Once again, Amazon gift cards are akin to plastic gold so it should be relatively easy to sell or make a trade.

    Add It To Your Paypal Wallet

    How to Sell Gift Card for Cash | Easiest Way to Get Most Money from Selling GiftCards!

    Another way to convert Visa gift cards to cash is with PayPal. That is, PayPal lets you add prepaid cards, including Via gift cards, to your PayPal wallet. What this means is that youre then able to treat the balance like cash, by using it to purchase things from any merchant that accepts PayPal which is most major ones, these days.

    How can I get money off of a gift card through PayPal?

    To get money from a Visa gift card to PayPal accounts, just do the following:

  • Log in to your PayPal account.
  • Select the Wallet option at the top of the page
  • There should be an option on the left to Link a card or bank. Youll be able to find this under any existing cards or banks you have linked. Click this and continue through the prompts.
  • When you get to the point where PayPal asks you for the relevant information, add your Visa gift card details. Then click Link Card.
  • Theres a chance that you may get an error when trying to do this. If that happens to you, you may have to first register the card with the issuer so an address is linked to the Visa gift card. After that, PayPal should have no problem accepting it.

    Read Also: Check Value Of Starbucks Card

    Check Your Target Gift Card Balance And Rely On Donotpay To Get Your Money Back

    Filing a cashback request can be a lengthy and complicated process. Instead of having to go to your local Target and waste time waiting in long lines, you should rely on DoNotPay. We will help you establish whether your state has a cashback policy and get your Target gift card money in under five minutes.

    To redeem your remaining Target gift card balance in cash, follow these steps:

  • Open our Gift Card Cash Back product
  • Answer our questions
  • We will send your cashback request to Target right away.

    Do you live in a state without a cashback policy? You dont need to despair, as DoNotPay can help you get your money back hassle-free in that case too! We will search for a Target store in a state with a cashback policy and send your request there.

    Target isnt the only retailer DoNotPay can help you with. You can use our app to get your money back from other companies, such as:

    • ?

    How Can I Send A Gift Card

    Gifting allows you to send gift cards with fun animations and personal messages. ‘Gifts’ section can be accessed from ‘My hub’ tab.

    To send a gift card:

    • Choose the gift card you like in and tap on it
    • Select amount: there will either be an option to enter the amount you wish or select the amount from a list
    • Personalize it with a cover and a message
    • Select the recipient
    • Choose for the gift to be sent right away, or select a date

    Metal, Premium and Plus users also get a cash back on every gift card sent.

    When the gift is sent, it will show in your Transactions list in the Accounts section, as well as ‘Gifts’ section.

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    Wheres A Coinstar Gift Card Exchange Kiosk Near Me

    To find a Coinstar Gift Card Exchange kiosk near you, go to their website and simply enter your location to find any of their kiosks in the US or internationally.

    Specifically, if youre frantically Googling for a gift card exchange kiosk near me and youre in the US, go to this page. Youll also find links to Coinstars websites in other countries if youd like to find a kiosk near you there.

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