Wednesday, May 18, 2022

Who Buys Gift Cards For Cash

Exchange It For Cryptocurrency

How to sell your gift cards for cash (with Raise and Cardpool)

If you have ever traveled overseas, you have most likely seen the currency exchange booths in the airport terminals. Paybis is an online version of that for crypto currencies.

You enter the balance of your Amazon gift cards and Paybis will instantly quote the exchange rate for Bitcoin or other digital wallets including PayPal and Skrill.

If you accept the quote, your gift card is instantly sold and the payment process will be initiated into your payment account.

There is a 24-hour holding period for new customers. At this time, only physical U.S. issued gift cards are accepted.

Target Redcard: Best For Gift Card Discounts:

The Target Redcard is only valid for Target purchases, so its quite limited.

This card, on the other hand, has no annual fee and offers benefits such as 5% off everything you buy at Target and Target.com, free delivery on most items, and access to unique offers and savings.

Why is this card good for gift cards?

You may also save 5% on specialized gift cards for travel, restaurants, subscription services, and more with the Target Redcard.

What Are Other Options For Getting Rid Of Unwanted Gift Cards

Maybe youre not as online savvy as youd like to be, and youre looking for other options to rid yourself of your Target gift card. Or, you still want to earn cash, but the idea of stopping by the post office or shipping your card out via FedEx seems like more effort than youre willing to make.

Maybe youre completely unconcerned with the idea of earning cash from your gift card, and you want to ensure that the card goes to good use, since you don’t need it. Whatever the case may be, we have a solution for you.

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Turn Your Visa Gift Cards To Cash By Buying And Reselling Items

This may take a few extra steps to do but it may be the only other option on this list that lets you make money from converting your Visa gift cards to cash .

As mentioned, most stores treat Visa gift cards like credit cards. This means that you can generally use them to buy items at almost any store, so keep an eye out for things that are either heavily reduced or in high demand.

In both cases, theres a good chance you may be able to resell the item at a higher price than what you paid. This, in turn, will let you eventually get cash from your gift card.

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Best Places To Sell Gift Cards For Cash Instantly

Who Buys Gift Cards For Cash

Gift cards have always been a popular gifting option especially around the holiday season. They also make for a safe bet when youre confused about what to buy for the other person.

But for the many who get such gift cards every season it become a tad difficult more so when the cards are not exactly in sync with their tastes and when they would much rather prefer to have got cash instead.

So what do you do in situation like this?

Well you could consider trading or selling your unwanted gift cars for cold hard cash instead. Surprised? Well, dont be. Its very much possible to turn gift cards into cash.

And to make it even easier for, we have listed 17 best places to sell gift cards online which will give you some instant cash. Take a look.

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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!

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.

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How To Transfer A Visa Gift Card To A Bank Account

You can transfer money from a prepaid card to your bank account indirectly by trying some of the following options, which we go into more detail about above:

  • Add the card to your PayPal or Venmo account and transfer the balance to your own account
  • Get money for a voucher issued by a Gift Card Exchange Kiosk and then deposit it into your account
  • Choose an app or website to sell your gift card to that pays you through direct deposit, letting you then use the selling price as a way to transfer the Visa gift card to your bank account
  • Use the card to buy a money order, with the value of this then placed in your account
  • Where Can I Sell Gift Cards For Cash In Person

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

    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:

  • Driving to the store or kiosk
  • Waiting in lines
  • Completing the required paperwork
  • 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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    Can You Redeem Gift Cards For Cash

    A gift card is a great gift for those who are difficult to shop for. Sometimes, however, cash is much preferred over a gift card. Luckily, there are several things you can do to turn your card into cash. You can sell your gift card, trade it in for cash, or use your gift card to gain points that will save you money.

    Can I Exchange My Gift Cards

    As mentioned above, selling your gift card isnt your only option. Several of the platforms weve reviewed offer the opportunity to exchange your gift card for another gift card. Therefore, if you have a Bath and Body Works gift card that youre eager to get rid of, you can hop on CardPool and find a card that more aligns with your interests or desires.

    While this seems like an easy and logical solution, not all sites offer this service. Thats why you must know where you can accomplish trading your gift card online if youre interested.

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    Is Raise Com Safe

    Raise is a secure site, with updated SSL certification. On top of that, Raise also offers a money-back guarantee. If you buy a discounted gift card and it ends up not being active, the balance is inaccurate, or the card ends up being a different brand than you ordered, Raise will refund your money within a year.

    Where To Sell Your Unwanted Gift Cards

    Sell Gift Cards We Pay Cash for Gift Cards We Buy 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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    How To Sell Gift Cards For Cash Instantly

    Advertising Disclosure

    Gift cards come from everywhere. Birthdays, Christmas or maybe just because.

    Unfortunately, there may come a time when you receive a gift card that you may have no use for.

    Instead of letting it collect dust, consider selling it to one of the many retailers online that will offer you a quote on the spot. Yes, you dont have to deal with the public nor do you have to fear getting ripped off. Its as easy as letting the company know what you have.

    You wont always get 100% of the value, but it can be quite close dependent upon the gift card you have.

    In todays post, I want to talk about the many websites that will let you exchange gift cards to cash. I will warn you, though, that they arent all created equally, so its always best to get a quote from each company mentioned below before confirming your order. No matter which retailer you have, whether it be Amazon, Walmart, eBay or even a Visa gift card, there is an option for you, I promise.

    With that out of the way, lets take a gander at some of my favorite ways to sell gift cards for cash instantly.

    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.

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    Where Can I Sell Itunes Gift Cards

    Game Flip allows you to sell iTunes gift cards on their site, and, in fact, iTunes cards are one of their more popular resale items. Once youve created a user account, complete with login and password, youre able to register your card within the platform and, hopefully, resell it.

    Related: How to Earn Free Gift Cards

    How To Sell Gift Cards Online Instantly

    Sell Gift Cards for Cash at CardCash.com

    At Your Money Geek, we love earning free gift cards!

    However, often our favorite apps to earn gift cards may not offer the card we are looking for. For example, maybe we won an Amazon card but really need a Lowes card. Also, Let’s not forget that sometimes you need cash to pay bills or invest.

    Luckily, there are several ways you can sell gift cards online for cash, and receive either check or PayPal.

    Note: Keep in mind that everyone’s success in selling gift cards is a little different. So, try a few different ways and figure out what your most effective method is. When you do, let us know what you discovered were always eager to learn more about user experience with the tools weve highlighted.

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    Can You Transfer Money From A Gift Card To A Debit Card

    Its not generally possible to directly transfer money from a gift card to a debit card. However, some of the tips outlined above can let you do that if you add a few extra steps in the middle.

    For example, if you add your Visa gift card to your PayPal wallet and then transfer that money to your own account, youll have access to that cash via your debit card.

    Similarly, by selling the card through an app or a website, the company that buys it from you will either transfer the money that you make to your bank account or may send you a check. Either way, the money will then be in your account and ready to be used by your debit card.

    This means that while its not strictly the case that you can transfer money from a gift card to a debit card, the workarounds are super straightforward to do.

    Can Money Be Refunded To A Gift Card

    Generally speaking, gift cards are considered non-refundable. When you purchase a card, you use it once and stick to what you bought. In practice, buyers are given a lot more leeway and they can refund most products under the right circumstances. Gift card return policies vary from retailer to retailer.

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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.

    Can I Add A Gift Card To Paypal

    United buys back unwanted gift cards in exchange for cash

    For PayPal members, you can simply add prepaid gift cards to your wallet then start using them during checkout just like any other credit or debit cards. For users without PayPal account, you can just enter the card information during checkout in the same way you would do with credit or debit cards.

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    Sell Gift Cards For Cash

    If you want to sell your gift card for cash, your return will be lower than if you exchange it, says Romanelli: Swapping your gift card for another stores is the best way to maximize your return.

    GiftCardGranny.com found that the cards with the highest resale value are for groceries , gas stations , or large retailers that offer a wide range of products, such as Amazon and Walmart, which round out the top five.

    If you dont want to have the value of your gift card dictated by a reseller, use Raise.com to sell your gift card for cash. You set your own pricethink eBay, but without the bidding. WalletHub ranked Raise.com as the second best gift card exchange for sellers, with the average resale value on the site topping $81 for an $100 gift card.

    You can list any online gift card for free on the site for physical gift cards, you’ll pay $1 or 1% of the total balance, whichever is greater. But you may have to wait to get a buyer who’ll pay the price you’re asking. And when you sell the card, the company will take a 12% cutso even if you get someone to pay full value for your gift card, you’ll recoup no greater than 88%.

    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 DoDescription
    Exchange the card for another oneThere 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 retailerSome shops accept gift card returns and provide reimbursement
    Gift the card to someone whod use itIf 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

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    Where Can I Sell My Gift Cards

    One of the most important things to consider before selling your gift cards is how you want to receive your payment. Are you hoping for the instant gratification of PayPal or direct deposit? Or are you more of a paper check, in the mail type of person?

    This may seem irrelevant to some, but to others, the accessibility of their cash is important. Your unwanted gift cards are stacking up, and its time to unload them. Googling where to get cash back for my gift card isnt going to cut it this time. It would be best if you had a clear direction on how youre going to sell your gift cards and what platform will give you the most money with the quickest turnover.

    Once youve settled on this important facet, you can filter through your options.

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