Giftcash Is A Trusted Website With Some Of The Highest Payout Rates In The Industry
- Payout value: Up to 92% of the value of your gift card depending on the retailer.
- Payout options: ACH, Cryptocurrency
- Retailers accepted: More than 150 brands.
You can sell your unwanted gift cards with confidence on GiftCash.com! Although their expected payout turnaround time is among the longest on this list , youll receive communication from them throughout the process so youll always know where your transaction stands.
In the end, many users report that it only took about half as long as expected to receive their payment!
Heres an awesome Hip2Save reader testimony:
Ive used ALL of these services. Ive only ever purchased from Raise but I have sold gift cards to the other companies listed above that I wasnt using. I had a great experience with all of them and highly recommend! Heather, Hip2Save reader
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.
The Final Word On Best Places To Sell Gift Cards
Selling gift cards is a great way to make extra cash, but the reality is probably different than you expect. For one, several of the top places to sell gift cards online are no longer buying them, like CardPool and Gift Card Granny, and thats because the market has gotten overly saturated.
Depending on which retailer they’re for, it will take a little research to find the best place to sell your cards, but hopefully, this gives you an idea of the best places to start.
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How Do I Use Discount Gift Codes
SHORT ANSWER: Print the gift code or present it on your phone
Step 1: Get the Discount Gift Code. How you receive discount egift cards varies by gift card reseller. Some resellers add the gift code to your reseller account so you have to log in to get it, some send emails containing gift codes or add the cards directly to gift card apps and others send links via email that you have to click to obtain your gift codes. Though the process varies, the end result is that you generally have a gift card number to use at checkout.
Step 2: Follow the Reseller Instructions.I think its important to pause here and say that although most NEW plastic and digital gift cards can be used in stores and online without boundaries, there may be some restrictions in the pre-owned gift card market. I once bought a discount egift card that said online only, thinking I could still use it at the store like the other egift cards I buy. I was wrong. Although the egift card looked like the others in my mobile wallet, the merchant system would not accept it in the store. So be sure to pay attention to the resellers instructions on how and where their gift cards can be used.
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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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.
Hand Over The Gift Card To The Retailer
Handing over the gift card to the retailer is one of the better options to get your cash, but most retailers make the process too complicated. In various ways, they discourage people from using this option. Before returning a gift card to the issuer, understand the return policy of the issuer or you can request the person who gifted you to assist you with the receipt. Returning a gift card to a retailer will result in the following options.
- The retailer will exchange the gift card a lower value compared to the face value.
- You will be required to have the purchasing receipt while returning the gift card.
- The retailer can offer you an in-store credit. The disadvantage is that you will need to shop in their outlets.
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Grab Cashback On Every Gift Card Purchase
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.
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.
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Who Offered The Best Deal
In my research, I wanted to see who offered me the best rate for my hypothetical example. In my example, I chose a $50 Kohls gift card, seeing just about every website would accept it.
Heres what I was offered.
As you can see, the quotes were close, but some were much less than others. This goes to show you that you should always get multiple quotes before accepting the first one you see if you want an instant quote. Other than that, selling via Raise is often the best way to go.
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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Can I Exchange My Gift Cards
As mentioned above, selling your gift card isn’t your only option. Several of the platforms we’ve 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 you’re 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. That’s why you must know where you can accomplish trading your gift card online if you’re interested.
Redeem Gift Cards For Cash
While returning gift cards to the issuing retailer is probably the best option, not all retailers accept returns.
However, there are some that do. And in order to qualify for the return, most retailers will ask you to provide the receipt. So you need to go to the person who gifted that card to you and request it.
The retailers may offer you following for your unused gift card:
- They may return the gift card giving you 90% or less of the cards value.
- They may provide you an in-store credit, which will probably be worthless for you if you dont shop at that store anyways.
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Reddit Gift Card Exchange
- Official website: Reddit.com/r/giftcardexchange
While you might not think of Reddit as a place to sell stuff, you can trade your gift cards on there.
Theres a dedicated sub-Reddit, which weve linked to above, for selling and buying unwanted gift cards.
Simply create a post about your card, and set your price.
Then, simply wait for other users to respond.
In this sub-Reddit, users sell their cards, generally for cash via PayPal, or they exchange them for other gift cards.
All you need to get started on Reddit is an account, which is free to create.
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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Best Websites To Sell Gift Cards In Canada For 2022
Gee, thanks for the gift card. I mean, a gift card is a nice gift to receive but it may not always be the right one. There are many reasons why someone may wish to sell gift cards in Canada.
It might not align with your goals, you might not be a fan of the store, or you may prefer cash. Whatever the reason, it is possible and easy to sell or exchange gift cards online.
You only have to find a reliable platform and buyers willing to purchase your gift card. Sounds easy enough. Well have a look at six such sites in this article and highlight how much you can make by selling gift cards online.
Final Thoughts On How To Sell Gift Cards For Cash
When you need cash in a hurry, selling gift cards for cash is one option to consider. You can trade gift cards online instantly through various websites, or sell gift cards online instantly through auctions or classified sites.
When it comes to selling gift cards, there are a number of options available to you. You can sell them to a third-party website, or you can trade them in for other gift cards.
Whichever option you choose, be sure to research different websites and compare prices. Make sure to enter all of the pertinent information about the gift card, and be patient in waiting for the best offer.
So, use those gift cards today to earn some cash that you can use.
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+ Best Places To Sell Gift Cards For Cash Instantly
Have you ever been given a gift card you know you wont use? Or do you have a gift card that you meant to use but left at home? Luckily, there are many legit places to sell your gift cards for cash and finally, use that money.
Approximately $1 billion in gift cards go unused every year! Thats why selling your gift cards at a discounted rate to somebody who wants them is a win-win for you and the buyer.
You are probably here because you have a gift card you wish was hard cash. Below we have listed some of the best ways to get instant cash for gift cards for unwanted or half-used gift cards.
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Reddit Gift Card Exchange Or Barter Subreddit
If youre familiar with Reddit, then youre probably well aware of the subreddits. If not, picture it like a message board of sorts where people can talk about varying topics. So, for instance, if you went to the r/funny subreddit, then everything you read there will be funny in general. But, if you wanted to be more specific, such as the r/funnydogs subreddit, then you would only see funny things related to the dogs.
Well, Reddit has a subreddit for almost everything, including selling gift cards. I wouldnt say its my favorite option, simply due to the scams involved, but its an option nonetheless. Theres also the barter subreddit, where you can barter for something else if you want more than just cash.
As long as you know how Reddit works and feel comfortable dealing with strangers on the platform, it could be one to consider. But, if it were me, I would put it at the bottom of my list.
If you do sell your gift card, just make sure you read the training guide thats found in the subreddits sidebar.
Sign Up For Market Research Platforms
Several marketing research platforms pay you with points for answering surveys and participating in a variety of online activities.
These points may be exchanged for gift cards in thousands of partner stores and establishments.
If youre looking to acquire or trade-in gift cards, you may consider these platforms.
Perhaps the most popular among paid survey platforms, you can make an average of $1 to $3 for every survey you answer.
You can use your earnings to get free gift cards from Groupon, Amazon, iTunes, Sephora, Walmart, and Starbucks, among others.
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