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.
Buy A Gift Card On Cardcash
The CardCash homepage offers a few different ways to dive in. At the top, type and select the name of a specific store or retailer, enter the amount for the card you want, and then click the Search button. You can also scroll through a list of retailers and brands, select the one you need, enter the card amount, and then click the Find Gift Cards button.
After conducting your search, the site displays the card amount for the retailer you picked. It may also show you other card amounts for the same retailer. For certain retailers, you can opt to receive your gift card either electronically or through the mail as a physical card.
Alternatively, if you’re not quite sure what you want, click the Buy Gift Cards link at the top of the homepage to browse through cards for different retailers. By default, the page shows you the most popular gift cards, but you can sort the list.
When you find a card you want, click the Buy button or the Add to Card button and proceed to checkout. You’re prompted to create an account with the site if you don’t already have one. The bill can be paid via credit card, PayPal, other gift cards, or even Bitcoin via BitPay.
How Much Do Gift Card Exchanges Cost
If youre selling an unwanted gift card, exchange websites take a cut. It depends on the website, card youre selling and overall demand, but most take 15% or less. If youre buying gift cards you can expect to see discounts of up to 35%, meaning youd pay $65 or more for a $100 gift card. This too depends on the retailer and demand for that card. We found these discounts to usually be a bit more modest.
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Can I Buy Cigarettes With A Walmart Gift Card
Can You Buy Cigarettes With A Walmart Gift Card. Yes, Walmart customers can buy tobacco products, including cigarettes, cigars, rolling tobacco, rolling papers, chewing paper, etc, with Walmart gift cards. If you have one of these, it will clearly state on the front This gift card cannot be used to purchase tobacco.
How Do I Spend My Egift Card
Go to Shop. Click the eGift Card merchant you wish to shop at. Select the payment source from your list. Enter the amount of the transaction or the denomination you want to purchase. Click Purchase. Click Confirm. Once the barcode appears, show it to the cashier or enter the gift card number to complete your purchase.
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Get Cash For Gift Cards In A Few Clicks With Donotpay
DoNotPay can help you get your gift card cash back in under five minutes. These are the steps you should complete:
We will send your request after checking whether:
- The state you live in has a cashback policy
- The retailer in question has an office in one of the states that offer cash back
Some of the companies DoNotPay can help you with are:
Gift Card Spread: Best For Buying Cards
Reasons to avoid
Gift Card Spread has a large variety of gift cards on offer for impressive discounts of up to 31% – some of the best weve seen. This website is easy to use. Retailers are listed alphabetically but you can also search by price, card type, or a multitude of categories. Like other exchange websites, each retailer has a saving of up to a certain amount. You can then click to see what your options are.
However, there isnt an app on offer which penalises Gift Card Spread when compared to competitors such as CardCash, and the process of selling your card is far too complicated to be worth the hassle. If you’re looking to buy cards this is the place to do it, but anyone seeking to exchange or sell should definitely consider other options.
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Sell Your Unused Gift Cards For Cash
There are websites available that will enable you to sell your gift cards for something very close to its face value. One such site is Cardpool.com. The site advertises that it will get you the highest price for your gift cards when you sell through the site. They also promise that they only work with the most reputable resellers to provide top-notch service and prompt payment.
Once on the site, you simply need to enter the merchant or store on your gift card to see which exchange site will offer you the most money. Just exactly how much you can sell a gift card for through the site will depend on the merchant .
For example, gift cards to a popular retailer like Target will fetch as much as $90 for a $100 card. But a $100 gift card to a much more highly specialized retailer, like Bass Pro Shops will get no more than $78.
Still another site where you can sell your unwanted gift cards is Gift Card Granny. There you can sell hundreds of popular gift cards, and providing you with the option to either redeem the proceeds by mail, or online.
The site advertises that the most popular gift cards can fetch as much as $92 , which is seriously close to the full face value, and they offer free shipping too.
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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Buy Things To Sell With Gift Cards
The store you have a git card to might not have merchandise you enjoy, but perhaps somebody else will. If you have a gaming store gift card, for example, you can buy the latest video game and sell it via an online auction site or social media. If its back-to-school time and you know your friend is looking for a specific pair of shoes, go to the shoe store together. Pay for the shoes she wants with the gift card and she can give you the cash she would have spent on the shoes. As a good friend, Id give her a discount for helping me liquidate the card. Look for things that are okay to buy used and see if you can do a little shopping to earn a little cash.
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.
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Are Gift Cards Non Refundable
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. … Some businesses will refund the purchase and give you store credit.
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.
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Giftcardbin: Good For Customer Satisfaction
Reasons to avoid
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 our GiftCardBin review
Gameflip Is The Safest Way To Sell Gift Cards For Cash
Gameflip is the simplest way to sell unwanted 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 gift card will be listed in front of the thousands of buyers participating in the marketplace. To sell gift cards quickly, set the price between 2% and 15% off the original amount. Depending on the popularity of your gift cards, you may need to adjust the asking price to attract buyers.
Simply list your 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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See If Your Gift Card Is Accepted
Before driving down to Target to trade in your unwanted gift card, check to see if the store will accept the brand you have. Gift card exchange sites are most likely to accept top-brand, national retailers that are high in demand from other customers. They also need to be able to automatically check the balance of your gift card before accepting payment. In this guide to gift card resellers, youll find an explanation on gift cards that resellers will not accept.
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Things You Can Do With Unwanted Gift Cards
Jeff Rose, CFP® | September 03, 2021
Theres an excellent chance that there are one or more gift cards among the gifts that you have received for Christmas or for other gifts this year.
Certain very popular gift cards are probably welcome additions, since you know that you will use them.
But others, such as gift cards offered by specialty stores, might not ever be used by you or anyone in your family.
So what can you do with unwanted gift cards?
At this time of the year, thats an important question. It has been estimated that there are $43 billion worth of unused gift cards that have been issued since 2008 alone.
Compounding that problem is the fact that some issuers charge annual inactivity fees, some terminate their gift card programs, and some issuers even go out of business. If any of those happen, the value of the gift card will be reduced or eliminated completely.
So that it doesnt happen to you, here are seven things you can do with unwanted and unused gift cards.
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.
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How Long Should You Hold Onto A Gift Card
The longer you hold onto a gift card, the more likely you are to let it go to waste via losing the card, forgetting you have it or allowing the cards value to be depleted from non-use. Although Ive heard warnings such as use your gift cards within three months and a gift card older than 2 months will never get used, I think you should assess a gift cards value immediately.
As a gift card lover, I rarely receive a gift card I dont want. Some gift cards take a little more effort to use than others, but I typically find a way to get it done. There are times, however, when the total cost of using a gift card outweighs the benefit. Here are some examples of reasons I find some gift cards difficult to use:
Travel Required. A gift card to a store or restaurant that isnt located in my town would be hard for me to use because Id have to spend time and gas to go to the location in order to redeem the gift card.
Shipping Charges. Though redeeming gift cards online is convenient, I sometimes have a hard time using a gift card online if the cost of shipping and handling is significant. Its not much fun to use a $25 gift card is half of that money goes towards delivery.
Higher Priced Merchandise. If the value of the gift card is lower than most merchandise sold in the store or wouldnt cover a single meal at a restaurant, then the gift card is more like a coupon. I may not want to spend my own money just to receive a discount off of the total bill.
Donate Unwanted Gift Cards
Fundraising committees for schools, churches, clubs, and charities are always in need of gift cards that can be redeemed for supplies, auctioned at fundraisers or given as prizes. Raffled individually or packaged into a gift basket, the gift card you dont want could net hundreds of dollars for a worthy cause. Gift card donations to nonprofit organizations may also be tax-deductible.
Here is a post on easy ways to use gift cards at fundraisers.
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Does Walmart Have A Gift Card Exchange Kiosk
Coinstar Gift Card Exchange did accept a wide range of gift cards from over 150 retailers. These included major ones like Best Buy, Amazon, Walmart, Starbucks and more. However, as mentioned, their kiosks no longer serve as a way for you to do a gift card exchange for cash although there are other options.
Can You Get Cash Back From Free Gift Cards
- Participate in various surveys
- Send referral links for certain services to their friends
- Shop through various apps and websites
If you received and used a free gift card, but you didnt spend all the money, you can rely on DoNotPay. You dont have to lose time trying to figure out how to use the remaining balance on your gift card. We will help you claim extra cash in a matter of minutes so that you can spend it someplace else.
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