Where Can I Sell A Gift Card
SHORT ANSWER: Online, via mobile apps and in some retail locations.
There are a number of gift card resellers that will buy your gift card and give you cash, another gift card or even cryptocurrency in exchange. But how do you know where to find them and which gift card resellers to trust? My advice is to use a reputable reseller that provides basic consumer protection.
When To Sell Your Gift Card
Gift card exchanges tend to offer lower resale values immediately after the holidays, warns Romanelli. There is so much supply coming into the market that many cards dont sell for as high as they might in the summer,” he says. He notes that some people hold on to their gift cards for an extra month or so, in order to earn a few percentage points more in returns.
Just make sure you don’t wait so long that you forget to exchange your gift card at all, warns Shelley Hunter, GiftCards.com’s content manager. The longer people hold on to a gift card, she says, the more likely they are to forget about it and never exchange or sell it.
People shouldnt have heartache over not getting 100% of the cards value back, because theyre not getting any value out of it by keeping it, she says.
What Is Gift Card Flipping
What is gift card arbitrage and how exactly do you start gift card flipping? Selling or trading gift cards can be very confusing for those who aren’t familiar with the practice.
In a nutshell, the goal of flipping gift cards is to purchase a gift card for less than its face value and make a profit during reselling.
The scenario plays out as follows.
For the seller to generate profit, he needs to have purchased the gift card for less than $45 his intended selling price. If, however, he got the gift card for free, then he takes home the entire $45 in profit.
The challenge of gift card trading is two-fold: where exactly do you get discounted or free cards, and where do you find people to buy what youre selling?
In this guide, well teach you how to get gift cards for free, how to purchase them at discounted rates through websites like MyGiftCardsPlus, and how to sell them to your friends or through online selling platforms.
Ready to make money? Read on below!
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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.
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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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.
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.
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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.
Many Ways To Sell Gift Cards For Cash
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.
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By using a fake phone number and email address, you can also avoid receiving annoying spam emails, text messages, and shady robocalls. DoNotPay can even make correspondence with inmates safer. If you dont feel comfortable sharing your address with an inmate, DoNotPay can receive the letters for you, scan them, and forward them to you risk-free.
How Much Money Can I Save With Discount Gift Cards
SHORT ANSWER: Depends on the popularity of the gift card.
Gift cards that are easy to use are in high demand so the discounts available are generally less than if you are buying gift cards to specialty merchants like shoe stores, small restaurants or teen clothing retailers. Although gift card resellers often boast of discounts as high as 35%, I more often see discounts ranging from 3% to 22%, depending on the popularity of the card. To increase your savings, however, I have a few tips:
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Selling Gift Cards With Zapper
Here at Zapper, we offer a quick and reliable way to sell your gift cards for cash no mess, no fuss. Gift cards can be a great solution when it comes to figuring out what you can give to a friend or relative for a special occasion. Unfortunately, these treats arent always well-suited to the people that receive them. However, what do you do if you receive a gift card from a well-meaning relative, to a shop that youre not interested in, or dont use? Rather than waste the money on something you dont really want, why not trade your gift card in for cash with Zapper, and get something you really want.
Invented in 1994, gift cards were first made popular by Blockbuster, who were the first to display the cards in their stores. Apparently, the idea was first thought up as a means of preventing the rampant counterfeiting that had been plaguing their paper gift certificates. The next big company to introduce gift cards was Starbucks in 2001, who were the first to make a card that could be used more than once. Now youll find gift cards everywhere, from games shops to high street fashion retailers.
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.
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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.
Gameflip Is The Safest Way To Sell Google Play Gift Cards For Cash
Gameflip is the simplest way to sell unwanted Google play gift cards for cash. You can sell any unused, prepaid and non-reloadable gift cards on Gameflip. Popular gift cards on Gameflip are Steam cards, PSN, Xbox Live, Amazon, iTunes, and Google Play cards.
Your Google play gift card will be listed in front of the thousands of buyers participating in the marketplace. To sell Google play gift cards quickly, set the price between 2% and 15% off the original amount. Depending on the popularity of your Google play gift cards, you may need to adjust the asking price to attract buyers.
Simply list your Google play gift cards using our website or our free mobile app. We recommend choosing auto-delivery for fastest and smoothest transaction. After the buyer receives your git card code, redeems and completes the transaction by rating, the sale proceeds are immediately deposited into your Gameflip wallet. You can choose to withdraw your sale proceeds any time.
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Donate Your Gift Cards
Fundraising committees are always looking for donations for their upcoming events. Whether theyre looking for prizes for their charity Bingo or needing some items to add to the upcoming silent auction, gift cards of any type are profitable options to generate income for a worthy cause.
If you happen to have a gift card to a popular retailer such as Sams Club, or you have a Walmart gift card, a fundraising committee may use it to purchase supplies they need for an upcoming event.
Another option is to save your gift cards for an annual Angel Tree event. An Angel Tree is a holiday season charitable cause that requests specific gift cards that would benefit a family with young children. Just make sure you check the balance and assure that the cards youre gifting do not expire anytime soon.
Whatever method you choose, donating your card to a cause you are passionate about is a way to purge the unused gift card and get the most value from it at the same time.
How Selling Your Gift Card For Cash To Buybackworld Works
Tell us which gift cards you want to sell and we’ll give you an upfront instant cash quote to buy them.
Mail your gift cards to us for FREE using our prepaid shipping label. It doesn’t cost you anything!
Once we receive your gift cards and verify the amounts, we’ll issue your payment. It’s that Fast and Easy!
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Gift Card Flipping: Sell Gift Cards And Earn 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.
Gift card trading can be a very lucrative business, that is, if you know how to play your cards right. Here’s the only guide you’ll need on how to buy and sell gift cards for profit.
The gift card industry is estimated at $1 trillion in 2020 that’s massive money. Millions of people still use gift cards for personal shopping every day, and it comes as no surprise.
There’s something undeniably attractive about getting gift cards at discounted rates.
And while consumers love them, retailers consider gift cards an integral part of their business as it pulls people into their stores and encourages them to make more purchases.
During the holidays, gift cards serve as some of the most popular gifts.
Offering a gift card from a store you know your friend loves has more impact than handing out hard cash, and is more convenient than having to purchase an item you’re not so sure your friend will love.
The bottom line is that gift cards are here to stay, and aspiring money-makers can still take advantage of their popularity to make money flipping gift cards one of the most lucrative side hustle ideas if you study how the market works.
If you’re new to this trading game, sit back and relax. There’s a lot to learn and plenty to take in.
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.
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Can I Trade A Gift Card For A Gift Card
SHORT ANSWER: Kinda, sorta.
A few years ago, you could take a gift card back to a retailer and use the gift card to buy a new gift card at full value. That is seldom the case any longer. Now to trade a gift card for another gift card, you generally have to sell the unwanted gift card to a reseller for less than face value and, if possible, accept a different gift card in return. Here are some examples:
- Target Gift Cards. At some Target stores, you can trade unwanted gift cards for Target gift cards. I just traded a $25 Best Buy gift card for a Target gift card valued at $16.50. The offer is much lower than it would be if I sold the gift card directly to an online reseller, but the payout is instant and easy to use since I was already at Target.
- Amazon Gift Cards. At some gift card resellers, you can select an Amazon.com egift card as payment and receive a payout that is 6% higher than if you opt to sell a gift card for cash. The Amazon.com egift card will be delivered fairly quickly via email. I entered a $25 Best Buy gift card and received an offer for a $22.38 check in the mail or a $23.72 Amazon egift card sent to my email.
- Any Gift Card. On the CardCash website, it says you can get a higher return if you select another brand gift card as your payout option.
As I find other ways to trade gift cards, I will add them to this list.