Tuesday, September 27, 2022
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How Do You Sell Gift Cards

On Buying Discount Gift Cards

How to Sell Gift Cards with WordPress and Boost Your Revenue

If youve ever heard the saying, one mans trash is another mans treasure, then you understand the need for the gift card secondary market. Despite our best efforts, sometimes we just give people gift cards they dont want or cant use. Rather than let these gift cards go to waste, people sell their unwanted gift cards for cash to gift card resellers. The gift card reseller then sells the unwanted gift card to somebody elsefor a higher price than the cash offer, but still less than face value.

This secondary gift card market has created an increasingly popular way for people to save money on planned expenses. Before making a purchase, buy a discount gift card. Save even more by stacking the gift card savings onto in-store promotions, coupons and sales. Heres an example of how I stack discount gift cards to save money.

Now lets get to the top questions about selling unwanted gift cards.

How To Sell Unwanted Gift Cards Online

Navigate to their website, select your card type, enter your current balance, and receive information on the cash amount youll receive. You list your own gift cards for sale on its website and get paid once the gift cards sell.

How To Sell Your Unwanted Gift Cards Things To Sell Online Gift Certificates Gift Card

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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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.

Grab Cashback On Every Gift Card Purchase

Need To Sell Gift Cards Online? Here Are 4 Ways To Do It!

Make someone birthday occasion or festival special by selling your unused gift cards. You can choose gift cards from the stores you want to sell or even you can buy the gift cards which you can send as a surprise gift to your loved ones. Zingoy is the best place where you get the opportunity to list your unwanted gift cards from Amazon, Flipkart, Bookmyshow, Shopclues, Snapdeal and more. Bulk gift cards can be also sold on Zingoy by becoming the premium seller.

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Some Gift Cards Are Worth More Than Others

Based on its analysis of 2017 sales, Gift Card Granny found that gift cards for gas stations and grocery stores pay the best 89 percent of the value on that card. These 10 cards had the highest return rate last year:

  • 92 percent: Safeway
  • 90 percent: Shell, ARCO, Walmart, BP
  • 89 percent: SUNOCO
  • 88 percent: Best Buy, Speedway, Target, Chevron

It’s better than keeping that gift card sitting in a drawer when youre never going to use it versus selling it and losing a little bit and then getting cash or exchanging it for a gift card that you are more likely to use, said Trae Bodge, shopping expert at Gift Card Granny.

Where Can I Sell Unused Gift Cards

You can sell gift cards for cash online and in person.

Selling your gift card in person is the fastest way to get cash, but that doesnt mean its the most lucrative. GiftCardBin has hundreds of partners around the U.S. that offer cash for gift cards. The slower and more lucrative way to sell gift cards is online, and you can earn up to 92% of the gift cards value in cash by using one of the gift card exchanges mentioned above.

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Process Of Selling Physical Gift Cards

Lets look at the business requirements before jumping to the process. Essentially you need the same gift card which is redeemable in-store and on the website. It means, when a customer purchases a physical gift card at the POS, the sales staff should be able to redeem it on the website and vice versa. You should use an omnichannel system that allows you to handle gift card data from across sales channels in only one centralized system.

In addition, if possible, we would recommend you use physical gift cards plastic ones with a magnetic stripe or barcode when purchased in the retail store, as well as virtual ones that get emailed if the customer chooses that option. To choose the best way to operate a gift card program for your business, lets talk with our experts.

The workflow of selling physical gift cards comes as below:

When a customer wants to buy a physical gift card, the cashier will search for the product on POS. Next, they will scan the barcode of that physical gift card to fill into the gift code field and the dynamic value that the customer would like to purchase, then proceed to check out. The gift code is updated and activated in the Magento system simultaneously.

How customers use gift cards in reality:

Each gift card is assigned with a unique gift code to avoid thieves and to be easy to track. When recipients get gift cards, they have the gift code to use as a discount for online and offline purchases.

What Is Gift Card Flipping

How To Sell My Gift Card

What is gift card arbitrage and how exactly do you start gift card flipping? Selling or trading gift cards can be very confusing for those who aren’t familiar with the practice.

In a nutshell, the goal of flipping gift cards is to purchase a gift card for less than its face value and make a profit during reselling.

The scenario plays out as follows.

  • The seller buys a $50 gift card for $40.
  • The seller sells the $50 gift card for an amount of $45.
  • A buyer purchases the card and earns $5 in saving , while the seller makes $5 in profit
  • For the seller to generate profit, he needs to have purchased the gift card for less than $45 his intended selling price. If, however, he got the gift card for free, then he takes home the entire $45 in profit.

    The challenge of gift card trading is two-fold: where exactly do you get discounted or free cards, and where do you find people to buy what youre selling?

    In this guide, well teach you how to get gift cards for free, how to purchase them at discounted rates through websites like MyGiftCardsPlus, and how to sell them to your friends or through online selling platforms.

    Ready to make money? Read on below!

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    Online Auctions And Classified

    Of course, you can always take matters into your own hands and try to sell a card yourself via an online auction site, classified ad or social media platform. This may work, but be aware that there are no fraud prevention checks or customer service representatives to help you out if the deal goes awry.

    Selling A Gift Card Back To The Store

    It’s safe to buy retailer gift cards directly from retailers, but what about selling them back? Most retailers will accept a return on a gift card if you have the receipt and the gift card hasn’t been used. Not many will accept a used gift card, however. In some cases, state law may allow you to redeem gift cards with small amounts left on them for cash, according to the National Conference of State Legislatures.

    In California, you can generally redeem a gift card with the retailer for cash if it has $10 or less left. If there is $5 or less left on your gift card, you can generally redeem it for cash value in Colorado, Maine, Massachusetts, Montana, New Jersey, Oregon, Puerto Rico and Washington. And if there is $1 or less left, you can generally redeem it for cash in Rhode Island and Vermont.

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    Sell Or Swap A Gift Card On Cardcash

    Want to sell a card instead? At the top of the homepage, click Sell Gift Cards. Type the retailers name and the amount to receive a cash offer thats less than the total value of the card. You can also add additional cards if necessary.

    Either take the money and run or opt to trade it in for another card and score a better deal. If you choose the money, you can get paid via a printed check, ACH direct deposit, or PayPal Express.

    The site asks you to add the number and PIN of the card you’re selling, as well as your credit card details to verify your address. Youll then receive a printable order page with instructions on mailing your gift card.

    Is Customer Service Available

    Do you sell gift cards? New Australia

    To avoid problems and ensure satisfaction with the resale process, work with a reseller that offers a money-back guarantee plus provides customer service representatives who will answer emails and telephone calls 24 hours a day. Many reputable gift card resellers offer both. Though you may get a higher offer if you sell a gift card to an individual, you also run the risk of being scammed out of your gift card entirely with no one to turn to when that happens. So make sure you know who youre dealing with before you give your gift card to anyone.

    If youre struggling to decide whether or not to sell a gift card for cash, my advice is to find a way to use the card first. If doing so is difficult for any reason or you simply need money more than you need another product or service, then sell the card quickly and be done. Gift cards that arent used within the first three months, are likely to be forgotten. So use it or sell it before that happens.

    If you have other gift card questions or need gift card help, add a comment below or send me a note via .

    Happy Gift Carding!

    ~Shelley Hunter, Gift Card Girlfriend

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    Many Ways To Sell Gift Cards For Cash

    There are many ways to sell gift cards for cash. The most common way is to sell a gift card online to a gift card reseller that buys the unwanted gift card, sends payment to the seller and then resells the gift card to another customer. In addition to true resellers, there are also online sites that match gift card sellers up with gift card buyers, facilitating transactions without actually touching the cards.

    One of the benefits of selling your gift card to an online reseller is that the cash back offer will generally be higher than any other method. The one drawback to using these sites, however, is that youll generally have to wait for payment to arrive. Depending on the reseller and payment method selected, you might wait a couple of days for a PayPal deposit or a few days for a check to arrive in the mail. Because the cashback offer is so good, however, I think online resellers are the best choice when you dont mind waiting to get your money.

    Benefits Of Selling Gift Cards For Cash On Zingoy

    Here are some of the reasons:

    • Listing gift cards for sale in a simple 2-step process.
    • Uses the most secure and safe payment gateway to keep your personal and bank details secure.
    • Verifies all buyers, sellers, and gift cards listed on its site.
    • In case you have physical gift cards to sell when you list them here, and we convert them into virtual gift cards without changing their value and validity. Thus you dont have to ship physical gift cards to a buyer.
    • If you change your mind and no longer want to sell your gift card, you can easily de-list it, if it has not been sold yet.
    • Your gift cards are listed with all other gift cards, thus they get as much visibility as gift cards sold by other brands or other gift card stores.

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    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

    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.

    How To Sell Vouchers For Cash Instantly Online

    How to sell GIFT CARDS for CASH!!

    Grab the best deals with no worry sell gift vouchers on Zingoy with the given easy steps. A huge number of stores are listed in the marketplace where you can sell unused gift cards & vouchers for instant cash. Choose stores were you are looking to exchange or sell eGift voucher enter the detail information hassle free and get paid instantly once unused gift vouchers are sold. Zingoy guarantees for safe and secure payment for every gift card sold.

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    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.

    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.

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    Sell Apple Gift Card Gift Cards

    Use the Apple Gift Card to get products, accessories, apps, games, music, movies, TV shows, and more. Spend it on in-app content, books, subscriptions and even iCloud storage to secure files from all your Apple devices. This gift card does it all. And then some.

    Its always free to list gift cards for sale.
    Selling a Card15% is deducted from the selling price when the card sells.
    Electronic DeliveryFreeOver 90% of cards are delivered electronically. We send them to the buyer for you, free of charge.

    1 Year Money-Back Guarantee

    Shop, save and redeem your cards on the go

    All content © 2021 Raise Marketplace, LLC Raise and the Raise logo are registered trademarks belonging to Raise. All trademarks not owned by Raise that appear on this site are the property of their respective owners. Raise is not the issuer of any of the gift cards or other closed-loop products on Raise and is not related to any merchant whose trademarks and gift cards appear on Raise for sale.Privacy Policy | Terms of Use | FTC Disclosure.For questions about redeeming gift cards, please visit our Help Center and Live Chat us or email us at . | 578-8422

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