How Do I Sell My Unused Gift Cards
If theres a gift card taking up space in your wallet or cluttering your bedside table, you can always sell it for cash.
Its possible to sell gift cards just about anywhere you can sell things online. Just make sure you get compensation before you give away your card number and PIN. Otherwise, the buyer could wipe out your card balance before you see a penny.
There are websites that people visit specifically to buy and sell unused gift cards. Ill go over a few of the primary options in this article.
Can I Sell Used Gift Cards Or Get Cash Back
Yes! Even if you used a gift card to purchase an item or two, you can sell it for cash, especially if there is still a lot of money on the cards balance.
If the remaining balance is only a few dollars and you cant purchase anything else with it, you probably wont be able to sell it. You should contact the store and request cash back instead.
The law in some states dictates that retailers must give back the money when a gift card thats under a certain balance. The balance limit varies from state to state. California currently has the highest limit$10 per gift card.
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.
Read Also: Cant Use Vanilla Gift Card Online
Plan Before You Start
Before you start selling your handmade cards take a little time to plan. You need a business plan. Investing time in planning upfront can help you stay on track, meet your goals, and avoid any nasty pitfalls along the way. There are a number of elements you need to consider during the planning process. Where will you sell? Who is your target audience? What makes you unique? These are just a few of the questions you need to answer as you develop a roadmap for your business.
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.
Don’t Miss: Door Dasher Red Card
How To Sell Gift Cards For Cash Instantly
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.
How To Become A Premium Seller Partner
Premium Partners get the huge benefit of selling gift cards in bulk. To become the partner you simply need to contact Zingoy. After becoming the partners you can choose or request us for what types of gift cards you want to sell in bulk. Apart from selling gift cards, you can also buy gift cards online at Zingoy.
Read Also: Gift Card Exchange Machine Giant Eagle
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.
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.
Read Also: Check Balance On Doordash Gift Card
How To Sell Gift Cards For Cash Safely Online
Sure, its the thought that counts. But sometimes you get a gift card you really dont want or cant use.
Maybe you dont eat at that restaurant. Maybe theres no store nearby. Maybe theres not enough value on the card and you would need to spend your own money to buy something.
Unless you can regift it, chances are youll toss that card in a drawer or put it in your wallet, and hope youll find a way to use it someday. But will you?
About 6 percent of all gift cards are never used, according to Anduro Marketing. If you havent used the card within 180 days, chances are you wont, according to the Paytronix Annual Gift Card Sales Report 2019.
Rather than losing money, why not sell the card? You wont get full value for it, but its better than losing the card or forgetting to use it. Thats a 100 percent loss.
Id rather see people spend their gift cards, redeem them, and get the full value, but I really like the fact that theres a backup plan if you cant do that sell them, said Shelley Hunter, Gift Card Girlfriend at GiftCards.com.
Exchange It For Cryptocurrency
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.
Read Also: How To Delete A Payment Method On Doordash
Can I Sell My Visa Gift Card For Cash
If you have a Visa gift card and are wondering if you can get cash from it, the short answer is probably not. Though the two cards are similar, only prepaid cards can be used to get cash from an ATM or to get cash back from a merchant. Gift cards cannot.
Best Places To Sell Gift Cards
With the aforementioned strategy in your arsenal, its time to scour the web for the best sites for gift card flipping.
Most of these sites will allow you to sell gift cards for percentage cashback only, which means that you wont be getting the full face value of the card youre selling.
This ensures that the platform earns from your gift cards as well.
Also Check: Uber Gift Certificates
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.
Gift Cards That You Might Be Looking To Sell
Sell Amazon Gift Cards
Amazon gift card enhance your shopping experience. Purchase Amazon gift vouchers through Zingoy at best price. It can be gifted to your friends and family during family function or some special occasions. Choose the price range where you want to list your gift cards enter all the necessary details sit back and get paid to your account.
Sell Flipkart Gift Cards
Flipkart is the top stores that offer a wide range of products at a best-discounted price you can also make others happy by selling your unused Flipkart gift cards online. You get paid once the gift cards are sold all payment made are safe and secured. Also, you can delist your Flipkart gift cards anytime from stores.
Sell BookMyShow Gift Cards
Looking to sell your unused BookMyShow gift cards than Zingoy offers you the best deals. Load your BookMyShow gift vouchers at Zingoy by choosing the option available every payment made are safe and secure.
Sell Dominos Gift Cards
Looking to sell your Dominos gift cards than Zingoy is the right place. Sell your unused Dominos gift vouchers online. Enjoy your delicious meal and save more by sharing your Dominos gift cards with others.
Sell Pizza Hut Gift Cards
Pizza Hut is serving a large number of customers around the world. If you have unused Pizza Hut gift cards and looking to sell it than the Zingoy is the best place to sell Pizza Hut gift cards. It will offer the delicious Pizza treat to your friends or relatives.
How Do I Send In My Card Or Code
SHORT ANSWER: By mail or electronic delivery.
Most gift card resellers will accept either a physical gift card or an electronic submission of the gift card code . In general, digital delivery is a faster and more secure transaction.
Direct deposit to a bank account, PayPal or check in the mail
PayPal, check in the mail, discount gift card
What About Bitcoin? A Google search will reveal several merchants that let you buy gift cards with Bitcoin such as eGifter, Gyft and a handful of others. If you want to use Bitcoin to make a purchase at a retailer that does not accept cryptocurrency, you could buy a gift card first and then use that gift card to make a purchase. Just an option.
There are fewer businesses, however, that let you sell gift cards for Bitcoin. I have never used these services so I cannot vouch for them so please use the same judgment you would with any gift card reseller. Paybis will apparently accept Amazon or Walmart gift cards only. Paxful will buy a handful of other gift cards including iTunes, Amazon, Target, GameStop, Best Buy and Steam in exchange for Bitcoin.
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.
Read Also: Airbnb Gift Card Balance
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.
How We Make Money
We are an independent publisher. Our advertisers do not direct our editorial content. Any opinions, analyses, reviews, or recommendations expressed in editorial content are those of the authors alone, and have not been reviewed, approved, or otherwise endorsed by the advertiser.
To support our work, we are paid in different ways for providing advertising services. For example, some advertisers pay us to display ads, others pay us when you click on certain links, and others pay us when you submit your information to request a quote or other offer details. CNETs compensation is never tied to whether you purchase an insurance product. We dont charge you for our services. The compensation we receive and other factors, such as your location, may impact what ads and links appear on our site, and how, where, and in what order ads and links appear.
Our insurance content may include references to or advertisements by our corporate affiliate HomeInsurance.com LLC, a licensed insurance producer . And HomeInsurance.com LLC may receive compensation from third parties if you choose to visit and transact on their website. However, all CNET editorial content is independently researched and developed without regard to our corporate relationship to HomeInsurance.com LLC or its advertiser relationships.
Don’t Miss: Check My Arch Card Balance
Why Clark Howard Prefers Cash To Gift Cards
If youre thinking about getting someone a present for a holiday, birthday or any other reason, Clark says you should consider giving cash instead of a gift card.
Many gift cards include restrictions. They may limit your shopping to a single brand. Sometimes youre limited to in-store purchases only, among other conditions. And some places will let you use only one of its gift cards per transaction.
The last few years have been volatile for restaurants, retail stores and other industries. If a company goes out of business, the gift card could be worthless, even if it has a balance.
Donate Your Gift Card
If youd rather keep another service from profiting off your gift card or dont find the exchange worthwhileor if you’d feel less Scroogelike by giving your unwanted card awaycontact your favorite charitable nonprofit and ask if they accept donated gift cards. Giving the card away could even lower your tax bill, if you itemize, and extend that holiday generosity even more.
Also Check: Doordash Delight Number
Donate Your Unused Gift Cards
Its also possible to donate your unused gift cards to charitable organizations. You can look for a local charity that buys food or essential items at Amazon.
Another option is buying items with your gift card and donating them. Examples can include canned food or baby diapers.
If a charity will write you a receipt for the donation, you can claim it as a charitable contribution at tax time.
Some charitable gift card websites like Gift Cards 4 Change will accept gift card donations.
This might not be the most lucrative option. However, it helps a good cause and gives the funds to someone that needs the money more than you do.