How To Sell Gift Cards For Cash
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If you have any unused gift cards, selling them for cash is a terrific method to supplement your income. Several websites will purchase your gift cards in return for money; however, depending on the website and the gift card, the amount may vary. The leading online companies where you may sell your gift cards are listed below.
The top 8 websites for selling your unwanted gift cards for cash are below.
Table of Contents
- Key Takeaways
- Selling Your Unwanted Gift Cards For Cash
- Related Questions
- Selling any unwanted gift cards can be a great way to make additional cash.
- You don’t have to stuff your unwanted gift card into a drawer; instead, you can sell it and turn a profit from the transaction or trade it in for another card that better suits your needs.
- You can easily improve your financial situation and find a good home for any unused gift cards by selling them for cash. You can sell gift cards either online or in person.
- You will get the most money for your gift cards if you sell them on one of these platforms, which makes them some of the best places to sell gift cards.
Selling Your Unwanted Gift Cards For Cash
Yes, the thought is what matters. On the other hand, there are situations in which you might receive a gift card that you do not want or that you are unable to use for some reason.
You may not eat at that specific restaurant very often. Or perhaps there isn’t a store in your area where you can use your gift card. There is also a possibility that the card’s value is insufficient, in which case you may need to contribute additional funds to purchase the item you want.
If you can’t regift it, chances are you’ll keep it in a drawer or put it in your wallet in the hopes of finding a purpose for it later. However, there is another option: you can exchange your gift cards for cash and put that money to good use by using one of the numerous reliable online firms.
Around one billion dollars’ worth of gift cards are left unused each year. Because of this, if you sell your gift cards to someone who requires them at a reduced price, it will result in a situation that is beneficial not only for you but also for the buyer.
You’ve probably come here because you have a gift card or a wallet full of gift cards that you’d like to cash in. Let’s examine where you can sell your unused or partially used gift cards and how much money you can get for them.
CardCash has been around since 2009 and is a simple place to buy and sell gift cards. It takes cards from popular department stores, restaurants, grocery stores, and other places. Even though the website says you can earn up to 92% of the value of a gift card, each card has its quote, which could be lower. CardCash gives you cash right away if your card is accepted.
Use the quote tool on CardCash to find out how much cash your gift card is worth and if you need to mail it in. You can also exchange the gift card for one at a different store, which might be worth more than the one you already have.
CardCash gives you quick bids on cards you want to sell and for popular gift card brands. If you’re going to sell a card, say you have a $25 Target gift card, you might get an offer of $20. If you choose to sell instead of trade, you will get paid via PayPal, direct transfer, or check within 48 hours.
GiftCash makes it simple to sell digital and physical gift cards from over 150 businesses. You may earn up to 92 percent of the value for in-demand brands.
GiftCash, like other gift card selling services, lets you enter the card you want to sell and how much it’s worth to get an offer. GiftCash, on the other hand, does not enable gift card swapping.
If the gift card is for a big retailer like Target or Best Buy, you’ll probably get most of the card’s value – perhaps in the high 80% to low 90% area. GiftCash accepts cards with a minimum denomination of $25 and a maximum of $2,000. Some businesses, such as Air Canada, Apple, iTunes, and Petco, have a more significant minimum value requirement, such as $100.
Raise was founded in 2013 as a mobile payment app and e-commerce platform. Raise’s marketplace, among other things, allows you to sell your unwanted gift cards. That implies you’ll need to set up a Raise account and a gift card listing. It’s free to offer your card on the platform, and many major brands are accepted.
You choose the discount price of your gift card with Raise, and the platform also gives you price suggestions if you’re unsure. You should be more aggressive with your discount if you want to sell your gift card in a few hours. If you’re not in a hurry, strive to get the most value for your gift card.
Your card listing is likewise entirely within your control. If your card does not sell within the first few days, you may always lower the price to appeal to more consumers. You may also remove it from the marketplace if you change your mind about selling it.
If a digital gift card sells for 100% of its value, you can earn a maximum of 85 percent of its value. Raise receives the money from the buyer and charges a 15% seller fee when the card sells and an extra $2.75 or 1% delivery cost for physical cards, whichever is larger. The remaining money is sent through a check, PayPal Funds, or ACH direct deposit.
The more demand for a gift card, the more you may ask for it. Gift cards from large shops such as Walmart, Target, and Best Buy typically go for around 95% of their face value on the marketplace.
Gift cards with partial balances can be sold, but physical gift cards must have at least $10. A $5 minimum balance on an eGift card is required. All gift card balances must be less than $2,000 to be eligible.
Because Raise works as a middleman, neither the vendor nor the buyer needs to be concerned about fraud. Raise can boost traffic and sell cards rapidly because they have roughly 3 million clients.
ClipKard will buy almost any gift card. The amount you get for your gift card is based on the retail price and the retail brand. You only need to provide certain card-specific information.
ClipKard features a quotation tool that will tell you whether or not your card will be accepted and how much it is worth. If you accept the price, you’ll use a prepaid USPS postage label to send your gift card to ClipKard. If you’re in a hurry, you may pick expedited delivery and have the cost taken from your final payment.
Payment can be sent straight to your Paypal account the next day or via mail with a check. How you will be paid is entirely up to you.
You’ll earn reward points whether you sell or buy a gift card. For example, if you purchase or sell $50 in gift cards, you will receive 50 points. You may redeem 1,000 points for a $10 discount on future purchases when you’ve accumulated 1,000 points.
Gameflip is a one-of-a-kind solution to get rid of digital gift cards and other unwanted products. For gamers, the e-commerce site is a hybrid of eBay and Upwork. You’ll need to create a listing to sell gift cards, just like any other commodity or service on the site, which requires you first to make a Gameflip profile.
Any unused prepaid or non-reloadable gift card may be sold. Steam, PlayStation, Xbox, iTunes, Google Play, and other popular gift cards are available. You have complete control over the pricing on Gameflip, while it’s advised that you post your card at a discount of 2% to 15% of its worth.
When someone purchases your gift card, Gameflip deposits the money in your Gameflip wallet, which you can then withdraw using Wise, Payoneer, Skrill, or Bitcoin. (PayPal isn’t accepted anymore.) There are costs connected with each wallet withdrawal method. All listings on Gameflip are subject to an 8% cut, with digital-only listings being subject to an additional 2% cut.
Another service that allows you to cash in gift cards is QuickcashMI. QuickcashMI is an easy-to-use website. The MI stands for the state of Michigan, which is where the company is based.
QuickCashMI will buy gift cards from stores such as JCPenney, IHOP, Abercrombie, Yankee Candle, Zales, and Amazon, among others. The gift card’s value varies depending on the brand (common among gift-card reselling websites). For example, a $100 Zappos gift card may be worth less than a $100 Amazon gift card.
There are several methods for selling gift cards to this company. You can sell your card in person instantly at one of the company’s locations. Although this method allows you to obtain cash quickly, the payout is the lowest.
You may submit your gift card via mail. If you do so, you will receive payment by check. This method provides the highest return, but it is also the slowest. It will require ten business days, so if you want to sell a gift card quickly, you may choose to implement one of the alternative procedures.
If you redeem your gift card code online, you will receive more money than if you sold it in person but less than if you sold it through the mail. This method is faster than mailing the card, but it still requires at least five business days. According to the company, select retailers will give you up to 90 percent cash for your gift cards.
If you choose to sell your gift card on the QuickcashMI website, you’ll select your gift card from the drop-down menu, input the current value, and choose whether the card has a pin. Then press the ‘Get Offer’ button. That’s all there is to it.
7. Reddit Gift Card Exchange
Reddit probably isn’t the first place that comes to mind when you think of online marketplaces, but if you want to trade gift cards, you can do that there. You can buy and sell unwanted gift cards on a specialized sub-Reddit, which you can access through the link provided earlier in this sentence.
You need only create a post about your card and specify the price in that post. Following that, the only thing left for you to do is wait for the responses provided by other users of the system.
Users can either sell their gift cards for cash through PayPal or trade them in for other gift cards on this subreddit. All you need to get started with Reddit is an account, and making one is entirely free of charge.
You can utilize CardKangaroo to purchase, sell, or swap unwanted gift cards or check the amount remaining on a card discovered in your wallet. You may sell gift cards from several merchants and brands, such as Amazon, Banana Republic, JCPenney, Urban Outfitters, and Pottery Barn.
If you want to sell a card, you must enter the card’s merchant value, and CardKangaroo will make you an offer. And if the brand for which you have a card is not on the list, you may instead get a personalized offer.
This company will send you a free mailing label and ask you to mail in your gift card instead of simply providing the card’s number and other information. After receiving your card, the company will make a payment to you within 48 hours.
You will be able to choose between being paid by check or by PayPal as your preferred payment method. You could potentially get a cashback rate of up to 92 percent, which is impressive. Unfortunately, the company does not accept electronic gift cards in any form.
CardKangaroo is also a terrific gift card exchange alternative if the shipping isn’t too much of a barrier for you. After giving information about the card you no longer desire, choose the option to swap for a different gift card. After you decide which one you want, you’ll have to send your gift card in before you get the one you traded it for in the mail.
It’s possible that you still have some inquiries after learning where you can sell unwanted gift cards, and we’ll do our best to answer them all below. The following is a list of frequently asked questions that are related to the process of selling gift cards online in exchange for cash:
How Long Until You Get Cash For Your Gift Card?
Some websites provide cash within a day, while others take a week. Make it a top priority to do the research you need to find the best option for your needs and preferences.
What Are The Fees For Selling Gift Cards?
When you sell an unwanted gift card on an exchange website, the site will deduct a fee from the sale. It will vary depending on the website, the card you are selling, and the overall demand; however, the majority will take 15 percent or less.
How Do You Digitize A Physical Gift Card?
Most online marketplaces will convert your physical gift card into a digital version that the purchaser can print or redeem online. With digital transfers, selling fees can be kept to a minimum because the balance can be instantly transferred to the buyer.