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.
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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.
How To Sell Gift Cards For Profit
Now that youve acquired a solid selection of gift cards from our tips above, its time to determine how to sell them and make a profit. Most of these sites will offer you a percentage cashback for the gift cards you sell them.
For example, selling a gift card worth $100 at face value will earn you up to 92% cashback which you can cash out for real money or trade for other gift cards.
In order to earn a profit when you sell gift cards online electronically instantly, you need to have a solid strategy. Lets say your aim is to sell a gift card from Walmart worth $100 at face value and make a profit.
Heres how you can profit from these websites:
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 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!
Sell Gift Cards For Paypal Instantly
You can sell gift cards for PayPal balance via CardCash. You can then use the balance to make payments, shop online or transfer it to your bank account. It usually takes one business day for your funds to deposit into your PayPal account. You can exchange as many gift cards as you want at once. Rates for gift card exchange value can differ from company to company depending on the gift cards demand.
To sell gift cards for PayPal instantly, simply go to CardCash, enter the merchants name and the balance amount on your gift card, and click Get Offer. If an offer is available, youll see the amount of PayPal balance you can exchange with this gift card.
Another marketplace where you can trade gift cards for PayPal balance is Cash4GiftCardsAmerica.
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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.
How To Get Cash From A Gift Card
It is a simple procedure to post and sell your gift card. Follow these simple steps.
- State the brand of your gift card.
- State the gift card balance.
- Send the card number and its pin.
- Select your selling price.
Once you have submitted the above information, verification takes place immediately. After a short while the service has checked your information, upon which the listing goes live. The card usually sells within 24-48 hours. Most online market places convert physical gift cards to digital gift cards and the send the card balance to the buyer after a sale.
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How To Sell Gift Cards Online Electronically
Zingoy.com is the best place for every individual or corporate were they can easily sell gift vouchers without any hassle. Simply enter the card details online for the gift cards that you want to sell by choosing the amount option. Zingoy gives you the guarantee for every gift voucher that is sold online electronically and the amount is deposited to user account once vouchers are sold. So without worry, you can sell a voucher at the best price.
Where To Sell Your Gift Cards Near You
If youre wary of online scams, dont consider yourself a technical wizard, or simply want to feel those dollar bills in your hand as quickly as possible, you might prefer to sell your gift card at a physical location.
Gift card exchange kiosks are bright yellow machines that instantly give you an offer for your gift card in the form of cash. Youve probably seen them in your local supermarket.
Heres where to find them.
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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.
How Can I Sell Gift Cards Online: 5 Best Places To Sell Gift Cards For Cash
Looking for how to sell gift cards online? Youre in the right place.
A gift card is a great way to offer someone the freedom to purchase what they want. A gift card can be physical or digital and is loaded with money that you can use to buy things. More so, you can use physical gift cards in stores, while digital gifts are used for buying stuff online.
There are many platforms that you can use to sell gift cards online. These platforms can help you convert your gift card to cash. The money could be directly deposited into your account or converted to a cryptocurrency .
In this article, we will consider 5 platforms that you can use to sell your gift cards for cash.
Here are the 5 platforms that you can use to sell your gift cards:
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How To Safely Sell Those Unwanted Gift Cards
A gift card seems like the cant-go-wrong present. But lets be honest, sometimes that gift card misses the mark. Maybe you dont shop at that store or eat at that restaurant anymore. Maybe you just want the cash.
Its easy to sell unwanted gift cards. Just be careful so you dont fall victim to a gift card resale scam.
Fraud.org, the website run by the National Consumers League , just issued a Fraud Alert about these scams. John Breyault, the NCL vice president who manages the site, said people run into trouble when they try to sell their unwanted cards on Craigslist or eBay or by responding to offers on social media.
Once they find a buyer, the seller provides the codes from the back of the card and the buyer pays them, Breyault told NBC News BETTER. If its a crook, they will cancel the digital payment as soon as they get the codes and quickly spend the money on the card. The victim is left without any money and a useless piece of plastic.
Thats what happened to Bendada Abdallah of Madison, Wis. He got burned when he tried to sell $380 worth of Apple gift cards for nearly face value on eBay. Abdallah emailed the card numbers and PINs and got paid via PayPal.
I learned my lesson, Abdallah said. Be very careful when you try to sell something online.
Top Stores Which Sell Gift Vouchers Like Hot Cakes
You can get the best value for your gift cards if they are from some of our top stores. It will hardly take you an hour to sell your gift card if it is an , Flipkart gift card, BookMyShow gift card, Lifestyle gift card, Shopperstop gift card, BookMyShow gift card, KFC gift card, Cleartrip gift card, Vero Moda gift card or a gift card from other such popular stores.
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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.
Why Do Some Gift Cards Go Bad
Unlike a carton of milk past its expiration date, gift cards do not go bad all by themselves. The two most common reasons gift cards lose their balance are:
- The card was purchased with a stolen credit card and subsequently canceled by the issuing company.
- The original owner used the card number after selling it to CardCash.
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Ebay For Selling Gift
It is possible to sell gift cards on eBay, at least if you have the physical card. You can usually get some money transferred into your paypal account within hours as well. There are a number of unwanted Christmas gift cards that go on sale each holiday season, so you can even buy one there if you want too. An emailed code or mailing a printout is against their terms of service and could get you in trouble.
eBay is often the most inefficient means of selling a gift card, however. Buyers don’t show much interest until the card gets south of 80% of its value, and then you still have to pay listing and final value fees at the very least.
Sell Or Trade To Your Friends
Another local option is to sell or trade your card to a person you know:
- 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.
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Sign Up For Market Research Platforms
Several marketing research platforms pay you with points for answering surveys and participating in a variety of online activities.
These points may be exchanged for gift cards in thousands of partner stores and establishments.
If youre looking to acquire or trade-in gift cards, you may consider these platforms.
Perhaps the most popular among paid survey platforms, you can make an average of $1 to $3 for every survey you answer.
You can use your earnings to get free gift cards from Groupon, Amazon, iTunes, Sephora, Walmart, and Starbucks, among others.
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How To Earn By Selling Unused Or Unwanted Gift Cards Online At Zingoy
If you are looking to sell your unused gift card online. They may be many online options available but if you are looking to sell vouchers on an exchange or on instant cash than Zingoy is the best marketplace where you can sell top stores gift cards and earn money on it once your unused gift cards are sold. Gift cards are like gems if it comes for celebrations like birthday, wedding, corporate events, occasions like Diwali, Raksha Bandhan, new year, etc which can be gifted and can make anyone online shopping experience super exciting. So be a money saver and get paid by selling your unwanted gift vouchers. Sell your top gift cards like Amazon, Flipkart, eBay, Domino’s, Pizza Hut and get paid once it is sold.
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Craigslist Letgo Or Facebook Marketplace
If you don’t mind meeting someone face-to-face in the local area to sell your gift card, you can put up a listing on Craigslist or Facebook Marketplace. This will work much better with physical gift cards, as the safest way to verify the balance is to meet the buyer at a store location and have a cashier or kiosk verify the amount.
It’s possible to sell a code this way, but it’s dicey. You’ll probably have to reveal the code to the buyer before they pay to verify the balance on your phone, and the buyer has to trust you not to use the code before they have a chance to.
Mall Kiosks And Other Stores
At my local mall, there is a kiosk where gift cards can be sold for cash. Run by one of the prominent online resellers, the cashier will make an offer for your card. If you accept the offer, the reseller takes the plastic and you walk away with the money. At this particular venue, the highest amount you can get is 75 percent of the gift cards value. Although the amount you receive may be less, if youre conveniently located near a kiosk, you can obtain money quickly.
Target may also accept gift cards, but you wont get cash payment in return. Youll get a Target gift card to spend instead. Please call your Target before going to the store to be sure they are still accepting cards.
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Flip Items Purchased On Amazon
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.