Earn Points When You Shop
Earning rewards points on your everyday purchases is the fastest and easiest way to get free gift cards. All you have to do is click a link before visiting a retailers website. It takes seconds, and you can earn as much as 10% of your purchase total back in points. You can then cash those points in for gift cards.
Evaluate Values Vs Need When Converting Gift Cards To Cash
If you have a gift card or regularly receive gift cards due to using sites like Swagbucks, then when is it best to convert them to cash?
The best thing to do is think about your own needs. Ask yourself the following:
How quickly do I need cash?
What do I need the cash for?
Is the gift card going to expire soon?
Once you think about the answers to these questions you can pick the best method for your situation.
If you need cash quickly, then selling to a friend or family member may be best. Dont forget this may involve a small loss on the balance of the gift card.
Alternatively, you could use the gift cards to buy goods or pay bills and keep the cash you would have spent otherwise. A similar way to this is to add the gift cards to your PayPal or Venmo wallets. These ways mean you get the cash to use however you like. Keep in mind that fees may apply when using PayPal or Venmo if doing an instant transfer.
Finally, perhaps you live a frugal lifestyle. This means saving as much money as possible and making as much money as possible. Using the gift card to buy and flip items might be the best method for you as you can make a profit on the gift cards.
All the methods listed are perfectly valid ways to liquidate Visa or Mastercard gift cards. Base your decision on what you need and when you need it then act accordingly.
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Sell Gift Card To A Friend
An easy and quick way to convert a prepaid card to cash is to sell the gift card to a friend. If you have gift cards you want to liquidate into cash, ask your friend groups if they want to buy it.
The benefit of selling a gift card this way is that you can avoid paying any commissions or fees that are normally charged when selling a gift card online.
To make it worthwhile for the buyer It would usually be a simple case of offering the gift card for a little less than the value on the card. For example, the gift card has a $20 balance, you could ask for $15 cash for it.
Pro Tip Hit up your Facebook friends for a fast turnaround time on converting your gift cards into cash. You would be surprised how many people will reply when you offer a small discount!
Using this method to convert a visa gift card to cash is quick and easy. You will have the cash straight away to use for your own needs.
Sell The Visa Gift Card Online
In addition to Raise.com, there are some additional sites that you can sell your Visa gift cards on. Check out the sites below.
- Gift Card Granny: This site has been seen in places such as Forbes, NBC, and Oprah Magazine. On this site, you can sell your unwanted gift cards, and its not limited to just Visa gift cards. You can sell any type of gift card from stores you may have laying around your house. to check out Gift Card Granny.
- Gift Cash: Like Gift Card Granny, this site lets people sell their unwanted gift cards and send them payment for it. This site is great because they are constantly updating their list of accepted merchants. So if you happen to have a gift card that isnt on their list, you can just let them know and they will look into adding them to the list.
- Card Cash: With Card Cash, you can sell your gift cards on this site or buy discount gift cards to save money quickly.
- Game Flip:Game Flipis another site where you can sell unwanted and non-reloadable gift cards to earn cash.
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Ways To Trade/sell Your Amazon Gift Card For Cash
by Saeed – Last Updated September 24, 2020
How do you trade or sell your Amazon gift cards for cash?
Here is a scenario:
Lets say somebody bought you a generous $500 .
You are beside yourself.
You thank them a thousand times and cant wait to use the card.
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The only problem is that you dont actually need anything that Amazon sells . Lets just say you would rather have that $500 in cash because you have to pay your rent or some other bill.
Amazon wont exchange the card for you with cash. And if you were to buy something and then return it, they could only credit your account, which gets you nowhere.
You cant ask your friend to take the card back and give you cash instead.
So what can you do?
Can I Sell A Visa Gift Card To Other People
Yes, if you choose to, you can definitely sell a Visa gift card that you have and dont want to other people. Places such as Facebook Marketplace and Gift Cash let you sell your unwanted gift cards and get cash for them.
You can even sell them to your family and friends if you dont want them. If selling online isnt your thing, try asking family or friends if they would be interested in your Visa gift card.
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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. Heres the only guide youll need on how to buy and sell gift cards for profit.
The gift card industry is estimated at $1 trillion in 2020 thats massive money. Millions of people still use gift cards for personal shopping every day, and it comes as no surprise.
Theres 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 youre 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 youre new to this trading game, sit back and relax. Theres a lot to learn and plenty to take in.
Trade Your Gift Cards For Cards You Like Better
If you like having gift cards but just dont like any of the gift cards you have, theres always the option to swap your gift cards for cards to other stores.
CardCash, for instance, lets you trade in your gift cards for gift cards of the same valueor, in some cases, cards worth up to 7 percent more. When you use a site like CardCash to trade gift cards, not only are you making money on a gift card you otherwise wouldnt use, but you might get a couple of extra dollars to spend at a store or restaurant where youd actually like to treat yourself.
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How Do You Convert Amazon Gift Cards And Credit Into Cash
When using the Amazon Trade-In program, sellers are paid in the form of Amazon credit. To the normal person, this might seem like a waste of time and money.
Remind Yourself How Much Is On Each Gift Card
If you were to look in my wallet right now, you would see a gift card in there. Written on the back in Sharpie is this: $12.80. Thats because the last time I went to that store and used my gift card, I wasnt buying enough stuff to use up the whole amount. The receipt told me I had $12.80 left on the gift card so I wrote it on the back. This simple gift card hack helps you remember how much is left on a gift card so you can use it up smartly.
While some retailers can handle the notion of partial purchases with gift cards, others cannot. And if you cant make a purchase for that $12.80, then using up the remaining balance could become a problem. Which is why using the entire amount on your gift card the first time youre using it can often be the best way to get the most from a gift card.
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How Can I Cash In A Gift Card
If you are looking for ways to exchange your gift card for cash, you can actually do that online. One of the faster and legit ways you can get cash for a Visa gift card is by selling it on platforms such as Gift Cash.
With this site, you can sell your unwanted gift cards by submitting the gift cards corresponding merchant and balance. After that, Gift Cash will submit an offer to you, and if you accept the offer, they will process your payment and send you cash.
You can also check out selling your unwanted gift cards on Gift Card Granny. This site has been seen in Forbes, NBC News, Oprah Magazine, and much more.
Pay Your Bills With Your Gift Card
Here is an interesting method you can try. While you arent necessarily exchanging the card for stacks of dollar bills, you are still using it the same way. As long as there is money on the card, you can use Visa gift cards to pay for your bills.
Visa gift cards are usually set up like a debit card with a card number, expiration date, and security code number on the back. The main difference is that the cards have a set amount of money programmed onto them instead of being linked to a bank account.
This makes it easy to pay your bills directly with a Visa gift card that you cant with pretty much any other gift card. So if you have a water bill or phone bill coming up, pay it with your Visa gift card instead.
Most people dont think of using their gift cards for bill payment, but it has multiple benefits. For starters, you can make quick use of your gift card.
If youre running low on credit, you can also use the gift card instead. Its a convenient way to use these gift cards in the same vein as cash.
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Buy A Money Order With Gift Card
One great way to convert a Visa or Mastercard gift card to cash is to buy a money order. Many stores, including major outlets such as Walmart, allow you to purchase money orders. This does vary depending on the area so check with your local store first.
Please note: Not all stores allow money orders to be bought with gift cards. It is best to check before going to save a wasted journey.
Once you have purchased a money order, you can then deposit the order into your bank account. Now that the gift card is cash in your bank account you can use it for anything you like.
If you choose to buy money orders, there is a warning you should heed. Some banks will shut an account down for depositing too many money orders. This could lead to suspicion of committing an offense called Structuring.
Structuring is a serious offense that can lead to a fine or even imprisonment.
Structuring, also known as surfing in banking industry jargon, is the practice of executing financial transactions in a specific pattern calculated to avoid the creation of certain records and reports required by law.
This means you need to think carefully about using this method to convert gift cards to cash. If you use it occasionally, then its likely fine. However, extensively using this method could lead to the closure of your bank account and possibly criminal charges.
Sell Your Gift Cards For Cash
Once youve officially made the decision to part ways with your gift card, there are plenty of official websites that can help you sell your gift cards to people who might actually want to use them.
Companies like Raise and CardCash let you sell gift cards for as much as 92 percent cash back. While you wont walk away with 100 percent of the value of the card, you can use these sites to turn old gift cards into cashwhich you can then use to buy whatever youd like.
Reputable gift card resale sites also ensure that your gift card transactions stay safe with money-back guarantees and fraud protection. Why is this important? Well, when youre weighing the pros and cons of selling a gift card via a resale site vs. selling directly to someone on social media, you need to consider all potential security issues. If you sell gift cards person-to-person, you could run into online scammers or people who take your gift cards without giving you your promised payment.
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Where Can I Trade In Gift Cards For Cash
Most of the ways listed in this guide allow you to trade in gift cards for cash. To get cash in your hand, sell them to friends or exchange it at a kiosk. Add the balance to PayPal or cash app and transfer it to your bank account.Sell the gift cards via apps such as Raise and once sold withdraw the balance to your bank account. Visit participating stores and use the gift card to buy a money order which can be deposited into your bank account and you now have the cash to use. Ultimately all methods result in you getting cash, but some will deposit into your bank account rather than cash in hand. Just remember that fees may apply depending on the method you use and to check these before completing any exchange.
Top Questions About Gift Card Exchange
While we were at the grocery store selling this gift card, a customer approached me with three questions about how the Gift Card Exchange kiosk works. She said shed walked by the machine many times, but was afraid to try it for fear the machine would take her card. I think her concern and questions are pretty common, so I want to answer them here as well.
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With Raise Youll Get To Set Your Own Price For Your Unused Gift Cards
- Payout value: You set the value of your gift card!
- Payout options: Check by mail , ACH deposit, or PayPal.
- Retailers accepted: More than 4,000 brands, though there are many brands with restrictions.
Likely one of the most well-known websites on this list, Raise.com is another great place to sell your unwanted gift cards. Its a bit different from the other websites mentioned as you have the freedom to set your own price for the sale. Sweet!
At Raise, after you enter in the amount of your card & card information, you choose your selling price , and the website will show how much you can earn from the sale after they take their cut of the selling fees. So while it may seem like you could get more for your card on Raise, dont forget to take the websites commission into account.
Looking to buy a gift card? For a limited time, get an extra 10% off all of Raises discounted gift cards when you enter promo code FIRST on your first purchase.