Tuesday, June 21, 2022

Where Can You Exchange Gift Cards For Cash

How We Found The Best Gift Card Exchange Websites

How to Trade Gift Cards for Cash | Cheat Codes

We went through every part of these gift card exchange websites to see how well they work and whether theyre worth your time. We bought gift cards from leading retailers and found out how much we could get in return for selling them. We also checked out how big the discounts were on cards available for purchase from top brands. When it was an option, we also downloaded the app to make sure it worked as advertised and while the majority of gift cards out there are digital, we also looked at shipping rates for shoppers looking for a physical gift card.

The number and variety of retailers you can buy gift cards on exchange websites changes all the time. Instead of trying to keep our thumb on how many individual retailers were available, we searched for three big players American Eagle, Macys and Walmart at the same time on the same day across all the websites we tested. We then assigned a letter grade corresponding to whether the website had cards available for purchase from those retailers.

We also used the Better Business Bureau to make sure these gift card exchange websites are legitimate. The BBB is a consumer watchdog group which assigns ratings A+ through F to companies based on information from business and customer complaints. These ratings arent a guarantee, but theyre helpful in seeing whether businesses and websites have had consistent problems or consumer complaints.

How Can I Sell Gift Cards For Cash Instantly Near Me

Sites like Craigslist or Facebook Marketplace are the best options if youre looking to sell gift cards for cash instantly near you. This is because youll be able to directly exchange your gift cards for actual money with someone in-person.

As mentioned above, you probably wont get a one-to-one exchange here. That is, most people wont pay, say, $50 for a gift card with a $50 balance on it.

Instead, expect to get around a 25% discount. This is partly for the risk that the purchaser is taking on by buying this gift card from you for cash instantly and partly because theyre essentially doing you a favor in giving you cash for this.

And when it comes to the question of who actually buys gift cards for cash near me? the answer will be: almost anyone! Maybe they want to give your gift card as a gift to someone else or just want to secure a discount at the retailer by paying less than the balance of your card. It can actually be a great way for them to save money and the perfect solution for you to get some cash for this.

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Get The Most Money For Your Gift Card

To make sure you get the most for any trade, visit a couple of different gift card exchange sites and compare offers.

Start at GiftCardGranny.com. This online gift card aggregator lets you select the merchant of your card and then easily compare offers from other reseller sites, including Cardpool.com and ABCGiftCards.com, to see the best deal among their partners.

CardCash.com was best for sellers, according to a WalletHub analysis of the major gift card exchanges. It offers immediate sales and an average gift card resale value of $76.50 for an $100 gift card.

Note that each gift card exchange uses different fees and payment methods. Be sure to read the fine print so you know exactly what you’ll get in return for your card.

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Buying Products To Resell

I know youve probably heard about this method, but if you havent, here is how it goes.

The technique not only offers you a chance to get cash out of your Visa gift card, but you can also make some extra money. In essence, its about taking advantage of great deals.

Platforms like PayPal allow you to pay for products through prepaid gift cards, and various retailers accept online payments.

Therefore, you can make an online or in-store purchase using Visa gift cards through PayPal.

If you spot a deal that is ideal for a product you can buy, you can do so and then resell the product at a profit or at a breakeven price to get your cash.

This can be a great option if you are able to get cheap deals for useful products that you can later resell.

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When To Sell Your Gift Card

How to Sell Gift Cards Online Instantly for Cash

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.

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Reddit Gift Card Exchange

While you might not think of Reddit as a place to sell stuff, you can trade your gift cards on there.

Theres a dedicated sub-Reddit, which weve linked to above, for selling and buying unwanted gift cards.

Simply create a post about your card, and set your price.

Then, simply wait for other users to respond.

In this sub-Reddit, users sell their cards, generally for cash via PayPal, or they exchange them for other gift cards.

All you need to get started on Reddit is an account, which is free to create.

Giftcardbin: Good For Customer Satisfaction

If the other companies we tested aren’t giving you the results you want, you might want to consider GiftCardBin. You can search by discount, store, category or your own favorites once you create an account. You can buy electronic or physical gift cards and if you choose the latter you can expect it in the mail within ten business days. Digital cards will appear in your account within two business days – longer than some promise.

You can also get vouchers printable at home and redeemable in-store for certain retailers. We saw discounts as high as 31% during our testing, which meant you could buy a $140 Lane Bryant card for less than $100. That said, youd need to be confident in making a large purchase for this deal to pay off.

We saw some impressive savings with GiftCardBin, so its worth signing up for alerts in case any of your favorite retailers crop up with a great deal. Whilst not accredited, an A+ BBB rating indicates a high level of customer satisfaction – one of the major perks of GiftCardBin in comparison with leading sites.

Read Also: Where Can You Buy Dunkin Donuts Gift Cards

Go To A Gift Card Exchange Kiosk To Trade It In

One super easy way to convert Visa gift cards to cash is to find a Gift Card Exchange Kiosk. Theyre usually yellow and you can often find them in shopping malls and supermarkets.

All you have to do is enter your gift cards information into the kiosk, which will include things like the set of numbers on the front of the card.

Youll then be presented with a range of offers for you to decide which one you want. Once youve made your selection, youll be issued a voucher to take to the cashier to get your money.

Related: Coinstar Gift Card Exchange: A Way To Get Quick Cash?

Trading Your Gift Card

How to turn unloved gift cards into cold hard cash after the Holiday season
  • 1Use a Coinstar Exchange kiosk. Coinstar Exchange kiosks are usually located towards the front of many large chain grocery stores. Simply swipe the gift card and you will receive an offer. The offer will typically be 60% to 85% of the gift cards balance. You can choose to accept or reject the offered amount. If you accept the offer, you will receive a voucher that you can redeem for cash at a cash register.XResearch source
  • A Coinstar Exchange Kiosk is different than a regular Coinstar machine that only exchanges coins for bills.
  • 2Go to a Gift Card Exchange kiosk to trade your card for cash. A Gift Card Exchange kiosk is usually bright yellow and located in a grocery store. Insert the card information into the kiosk and then choose to accept or reject the offer the kiosk gives you. If you accept the offer, you can choose between a voucher that can be taken to a cashier in exchange for cash or receive a Visa gift card.XResearch source
  • You can search online to see where the closest Gift Card Exchange kiosk is.
  • 3Trade your gift card for a different store. If you dont like the store your gift card is from, you can exchange it for a gift card to a store you like. You can do this online or at certain kiosks. For example, you can use a website like CardCash to exchange your gift card. Or, you can go to a store like Target and exchange your card for a Target gift card at a kiosk in the store.
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    Sell Your Gift Card In Person

    If you want to sell your gift card in person, rather than dealing with online gift card exchanges, you have a few options.

    • Cardpool.com gift card kiosks: If you dont want to make your swap online, you can visit certain in-store kiosks, operated by Cardpool.com. These machines, once owned and operated by Coinstar, accept gift cards from more than 150 retailers and restaurants, as long as they have a balance of at least $15. The kiosk will make you an offer for the cardand if you accept the offer, you’ll get a voucher that you can redeem for cash at the register of the shop the kiosk is located in.
    • Target trade-in: If you love shopping at Target, youll be pleased to know the big-box retailer will trade store credit for gift cards from more than 100 different retailers and restaurants through its own in-store exchange. Not all Target stores participate in the program, so you should check the website to see if your local store is part of the Target trade-in program.

    Typically, in-store trade-ins offers lower resale returns than the online exchange marketplaces, says Hunter, but the payout is more immediate: Youve got to ask yourself if you value the dollar amount or convenience more.

    Gift Card Exchange Kiosk Near Me: Get Cash For Your Gcs In Person

    by Lauren Bennett – Last Updated July 14, 2021

    Where can I sell my gift cards near me and get cash instantly?

    Youve probably asked that question once or twice.

    Getting unwanted gift cards is a common occurrence, unfortunately.

    If you get a gift card for Sephora but never shop there, then its no good to you.

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    And for most people, that means, putting the card somewhere and forgetting about it until its too late to use. That explains the nearly $45 billion worth of unremembered gift cards that has been accumulating since 2008.

    There are, fortunately, a lot of companies out there that will take unwanted gift cards off of you. Usually, these companies allow you to trade your gift card for another gift card. And since these are usually discounted gift cards sites where people both buy and sell GCs, you may not get the most cash possible for your unused gift card.

    But, did you know that theres a really simple way that you can actually get cash for your unwanted gift cards instantly and in person?

    Really!

    A company called Coinstar Exchange allows you to sell your gift cards for instant cash.

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    Can You Sell Gift Cards For Cash Anywhere In

    If youre looking to do an in-person gift card exchange for cash, your options arent as varied as they used to be in previous years.

    Some major shopping malls do still sometimes have gift card exchange kiosks from various companies, but these are becoming less and less as these companies shift to an online-only model due to the costs involved in maintaining physical kiosks.

    Got a Visa gift card but want money for it? Take a look at our article on how to convert Visa gift cards to cash.

    There used to be an option from Target where you could exchange unwanted gift cards for a Target gift card, although it wouldnt be a one-to-one exchange. That is, theyd only exchange a percentage of the balance of the original gift card for Target credit.

    Unfortunately, all of the information about this is pretty outdated and on Targets website itself, it doesnt look like theres any information any more, so it seems that this is no longer a possibility.

    This means that the most likely way to sell gift cards for cash is if you sell them on sites like Craigslist or Facebook Marketplace. If youve ever seen someone trying to sell a $100 Amazon gift card for $75 on there, this is what Im talking about.

    Of course, the biggest risk in searching madly for cash for gift cards near me and pursuing some of the options that appear is fraud. That is, sellers may be hesitant to do this when they have no way of knowing if the gift card youre selling is legit.

    free $5 gift card

    Can You Exchange Gift Cards

    Exchanging Gifts Cards For Cash

    Getting a gift card you have no use for can be a bummer, but you have a few solutions to overcome this issue. Instead of placing the card in a random drawer and having it go to waste, you can exchange it for cash or another card or:

  • Return the gift card to the storeSome retailers accept gift card returns, but you might have to provide a receipt of purchase. Note that you will probably receive only 90% of the card value
  • Give the card to someone elseDo you have a friend or a relative who would use the gift card? You should save the card and gift it to that person for his or her birthday or another special occasion
  • Purchase a product from the retailer and sell that item onlineIf you dont mind putting in more effort, you can choose a product from the store and sell it on eBay, Amazon, or any other similar platform
  • Make a donationCertain charities might benefit from the gift card in question, so consider contacting your preferred organization to make a donation
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    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.

    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.

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