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.
Add It To Your Platform
When adding an eCommerce gift card to your platform, set it up so users can select different denominations and personalize the eGift card for gifting. You might also consider offering an eGift card discount. This is similar to a cash discount but targets those who buy your online gift cards.
Add the gift card by following one of the examples below:
- Feature a $50 gift card for $45 or gift a card to a customer who makes a purchase for someone else
- Combine discount codes with your gift cards, treating the cards like cash. That way, customers feel like they are getting a better deal
- Create an area on your stores website where your users can track the balances of their gift cards. Get them involved in buying and using the gift cards
- Create an in-store or online reward program that results in a gift card. This way you get your customers in the habit of using your gift cards
How To Sell Your Egift Cards To Your Customers From Your Square App:
You can sell eGift Cards from the Square app on all devices . Make sure to update your app to get the latest functionality.
To sell an eGift Card:
From your item library, tap Gift Cards> eGift Card.
Rotate your screen to face the customer> ask them to pick a design, eGift Card amount, and to enter their email address.
Complete the sale.
Note: Customers will receive the eGift Card via email and they can then print or send it to a friend.
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Ebay For Selling Gift
It is possible to sell gift cards on eBay, at least if you have the physical card. You can usually get some money transferred into your paypal account within hours as well. There are a number of unwanted Christmas gift cards that go on sale each holiday season, so you can even buy one there if you want too. An emailed code or mailing a printout is against their terms of service and could get you in trouble.
eBay is often the most inefficient means of selling a gift card, however. Buyers don’t show much interest until the card gets south of 80% of its value, and then you still have to pay listing and final value fees at the very least.
Manage Your Gift Card Sales
When you speak to your merchant service provider, you can set up a way to track and manage your gift card sales. Doing so will give you better insight into who buys and regularly uses your gift cards. It may also help you decide how to display and sell your gift cards in-store, on your website, or on your eCommerce platform.
Key Metrics to Review and Assess
Several metrics revolve around the management of gift card sales. These include:
- Gift card sales, as a percentage of a companys total revenue
- Year-over-year growth of gift card sales
- Gift card sales during certain times of the year
- Gift card sales trends in relation to the gift cards design. If sales slow, you may need to refresh your gift cards design
- The average dollar amount loaded onto gift cards
- Total online sales for gift cards
- Third-party aggregator gift card selling, if applicable
- The percentage of reloads
- Total reloads, as a percentage of sales volume
The above information will help you increase your revenue and find out where to reap the most benefits from selling gift cards that can be accessed online. It will also improve the online customer experience when buying gift cards and can help you better target these specific customers in the future.
The global gift card industry represents a growing portion of eCommerce revenue, so learning more about this opportunity bodes well for businesses looking to increase their earnings.
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Check Into Cash Stores
Im not a fan of payday loan services, but the Check into Cash stores will buy your gift cards off you on the spot. No, you dont have to get a payday loan to qualify, either.
The only downfall is that you wont know what you get unless you call or visit a location, which you can find via the companys official website at CheckintoCash.com.
If you do decide to sell, bring in your gift card, a valid ID and you will walk out with cash in hand as long as the card is confirmed. This is a great place to sell your gift cards and get cash in person.
- Website: CheckintoCash.com
On Buying Discount Gift Cards
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.
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How To Safely Sell Those Unwanted Gift Cards
A gift card seems like the cant-go-wrong present. But lets be honest, sometimes that gift card misses the mark. Maybe you dont shop at that store or eat at that restaurant anymore. Maybe you just want the cash.
Its easy to sell unwanted gift cards. Just be careful so you dont fall victim to a gift card resale scam.
Fraud.org, the website run by the National Consumers League , just issued a Fraud Alert about these scams. John Breyault, the NCL vice president who manages the site, said people run into trouble when they try to sell their unwanted cards on Craigslist or eBay or by responding to offers on social media.
Once they find a buyer, the seller provides the codes from the back of the card and the buyer pays them, Breyault told NBC News BETTER. If its a crook, they will cancel the digital payment as soon as they get the codes and quickly spend the money on the card. The victim is left without any money and a useless piece of plastic.
Thats what happened to Bendada Abdallah of Madison, Wis. He got burned when he tried to sell $380 worth of Apple gift cards for nearly face value on eBay. Abdallah emailed the card numbers and PINs and got paid via PayPal.
I learned my lesson, Abdallah said. Be very careful when you try to sell something online.
On Selling Gift Cards
As people become increasingly aware that they can sell gift cards for cash, the question I am asked most often is, how much money will I get? When I explain that the cash back offer will be less than the card is worth, many people balk at the response saying they would rather have full price. So would I! I would also rather get a full price offer if I sell a car I dont want or the jacket that Ive never worn. But thats not how reseller markets work, and gift cards are no different.
Watch this video to hear my answer on why I think selling gift cards for cash is a smart move.
Now lets get to the top questions about selling unwanted gift cards.
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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.
From The Give And Get Local Directory:
Customers can also order eGift Cards online through the Give and Get Local Directory. The Give and Get Local Directory is a listing of businesses who offer Square eGift Cards. It allows buyers to browse and purchase eGift Cards from local businesses in their area, including your own. If a customer decides to buy an eGift Card to your business through the Give and Get Local Directory, they will be directed to your custom eGift Card order site to complete their purchase. The Give and Get Local Directory is also featured and promoted by select partners to encourage more customers to support local businesses.
To search for your business or others that offer eGift Cards in the Give and Get Local Directory:
On the Give and Get Local Directory, enter in an address or press Use current location.
Apply additional filters, such as business category, if needed.
Select the business you wish to order an eGift Card from and continue through the checkout process on that business eGift Card order site.
Note: Only businesses offering Square eGift Cards will appear in the search. Businesses that only offer physical gift cards in store will not be reflected.
The image, business name and location that represent your business in the Give and Get Local directory are the eGift Card design and business name and location that you have associated with your Square account.
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More Gift Card Reseller Questions
So what other questions do you have about buying discount gift cards and selling the gift cards you dont want? Let me know in the comments below. Ive been buying and selling gift cards since the early days of gift cardssince they first came out. Back in those days, you had to send in plastic gift cards, wait a week or so for payment or buy discount gift cards 10 or more days before you planned to go shopping. Thankfully, those time-tables are shorter now, but the process is pretty similar. Just sell gift cards you dont want and buy those that you do. The secondary gift card market may not be for everyone and it does take a little effort to learn, but the savings can be significant so I think the investigation is worth it.
Happy Gift Carding!
~Shelley Hunter, Gift Card Girlfriend
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.
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Why Should You Sell Gift Cards Online
Selling gift cards online benefits your business in many ways, including:
- Increasing your overall revenue
- Ensuring new customers walk through your doors
- Supporting an eco-friendlier business model
- Being a part of the continued effort to end plastic pollution
- Receiving higher customer engagement and response
- Targeting tech-savvy customers and young people, who want to take advantage of new technology
Offering gift cards online is another way for small businesses to compete with the convenience of big business. Selling gift cards online gives every merchant a chance to benefit. Consumers have learned to expect convenience during the retail experience and selling gift cards online for your small business is an opportunity to provide that ease, especially around the holiday season.
How Much Will I Get Paid For My Gift Card
SHORT ANSWER: Depends on supply and demand.
Just like you learned in Econ 101, the cash back offer largely depends on supply and demand. The more popular the card is, the higher the cash back offer will be because the reseller will be able to sell the card quickly. Gift cards that can be used at many nationwide locations and for a wide assortment of merchandise will generally fetch the highest value, and gift cards to specialty shops like teen clothing retailers or lesser-known restaurants will be worth less. If a reseller already has several gift cards from a particular merchant in stock, then cash back offers may temporarily decrease until the supply evens out. And lastly, as mentioned above, the payout offer can fluctuate based on the payment method selected.
Gift Card Resellers generally boast returns as high as 92% cash back, but I have also seen offers as low as 65% online and 50% in stores.
Is it worth it? If you do not believe youll ever use the gift card, then yes, I think its better to have money you will use than a full-value gift card that sits in your wallet indefinitely.
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How To Earn By Selling Unused Or Unwanted Gift Cards Online At Zingoy
If you are looking to sell your unused gift card online. They may be many online options available but if you are looking to sell vouchers on an exchange or on instant cash than Zingoy is the best marketplace where you can sell top stores gift cards and earn money on it once your unused gift cards are sold. Gift cards are like gems if it comes for celebrations like birthday, wedding, corporate events, occasions like Diwali, Raksha Bandhan, new year, etc which can be gifted and can make anyone online shopping experience super exciting. So be a money saver and get paid by selling your unwanted gift vouchers. Sell your top gift cards like Amazon, Flipkart, eBay, Domino’s, Pizza Hut and get paid once it is sold.
Trade Gift Cards Online
To get cash for gift cards, you can use one of a number of gift card exchange websites that will offer you cash or another retailers gift card for your unwanted gift card.
Youll never get 100% back on online gift card exchanges. That’s because the exchange itself typically takes a small fee, and shoppers using the exchange won’t want to pay full price to buy a gift card secondhand. But if you exchange your gift card online, you should be able to recoup at least half of the full value.
Depending on the type of gift card, the amount, and the supply of similar cards, you could earn anywhere between 54% and 92% of the cards value via an online gift card exchange, says Mark Romanelli, executive vice president of product for GiftCardGranny.com, the largest aggregator of online gift card exchanges.
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What Is Gift Card Flipping
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 arent 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.
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!