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.
Reddit Gift Card Exchange
Reddit is known for being a calm oasis in the storm that is social media. Why wouldnt you turn to Redditors to buy your unwanted gift cards?
Naturally, you might be wary of trusting an anonymous user to transfer your payment without a third party overseeing the transaction. Although some scammers frequent the Gift Card Exchange subreddit, theres also a reputation system and detailed guidelines, so you can significantly reduce your risk by being cautious.
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.
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Gameflip Is The Safest Way To Sell Google Play Gift Cards For Cash
Gameflip is the simplest way to sell unwanted Google play 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 Google play gift card will be listed in front of the thousands of buyers participating in the marketplace. To sell Google play gift cards quickly, set the price between 2% and 15% off the original amount. Depending on the popularity of your Google play gift cards, you may need to adjust the asking price to attract buyers.
Simply list your Google play 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.
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.
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How We Found The Best Gift Card Exchange Websites
We went through every part of these gift card exchange websites to see how well they work and whether theyre worth your time. We bought gift cards from leading retailers and found out how much we could get in return for selling them. We also checked out how big the discounts were on cards available for purchase from top brands. When it was an option, we also downloaded the app to make sure it worked as advertised and while the majority of gift cards out there are digital, we also looked at shipping rates for shoppers looking for a physical gift card.
The number and variety of retailers you can buy gift cards on exchange websites changes all the time. Instead of trying to keep our thumb on how many individual retailers were available, we searched for three big players American Eagle, Macys and Walmart at the same time on the same day across all the websites we tested. We then assigned a letter grade corresponding to whether the website had cards available for purchase from those retailers.
We also used the Better Business Bureau to make sure these gift card exchange websites are legitimate. The BBB is a consumer watchdog group which assigns ratings A+ through F to companies based on information from business and customer complaints. These ratings arent a guarantee, but theyre helpful in seeing whether businesses and websites have had consistent problems or consumer complaints.
How To Exchange Gift Cards For Cash Online
Dont feel like wasting your time selling your gift card in person? You can register for an online platform that enables you to exchange your card for another one or for cash.
Note that this method takes more time since you will have to wait for the payment to be processed or for your check to come via mail.
Since there are many gift card cash back websites out there, you should find out as much as possible about each of them to make an informed decision. Some platforms offer better payouts and charge lower fees than others.
Do you have only a few dollars on your gift card balance? If youd like to get that money and as quickly and effortlessly as possible, you should rely on DoNotPay!
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Use The Visa Gift Card To Pay Your Bills
The next method, which is as good as getting liquid cash, is using the gift card to cover your bills. This can be done with the free service called Plastiq as mentioned above.
You can do this in the following ways:
Pay large bills like your mortgage, car payment, and more
Since you would have used cash to pay for the installments of loans like your car loan or mortgage, using the card is as good as cash.
Some companies, such as Plastiq, allow clients to settle certain bills through credit cards.
And, since Visa cards are perceived as credit cards, you can use them with companies that allow payment by credit.
However, you should know that since the company will treat the card as a credit card, the card will incur slightly fees. Its completely free to sign up and try.
Pay everyday bills
Besides using the cards for larger bills, you can also use it to settle regular bills or, better still, make some local purchase with the Visa gift card.
This is possible since, in most cases, Visa gift cards are acceptable in stores that accept normal Visa cards.
Also, billers who accept the use of credit cards will, in most instances, take the gift card as payment.
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Where Can I Sell Gift Cards For Cash In Person
Whether you want to sell an unused or a half-used gift card, one of the options you have is to head over to the closest:
- Gift card exchange kiosk
While this method enables you to get your money back immediately, the entire process can be rather tedious. Besides having to search for the closest store location on Google, youll also have to spend hours:
Another drawback is that youll probably have to provide a receipt as proof of purchase if you choose to go to the retailer directly.
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What Types Of Gift Cards You Can Sell
Gift cards are special for everyone to make their wish come true whether it is a birthday or anniversary you can express your feelings through gift cards. Zingoy is the best place where you get to choose from wide store categories like birthday gift card, wedding gift card, anniversary gift card and more. It is the best options when you are looking for simple gifting rather than carrying a huge gift. Other gift cards you can check out our travel, food, fashion, shopping, electronics and more.
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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Why Clark Howard Prefers Cash To Gift Cards
If youre thinking about getting someone a present for a holiday, birthday or any other reason, Clark says you should consider giving cash instead of a gift card.
Many gift cards include restrictions. They may limit your shopping to a single brand. Sometimes youre limited to in-store purchases only, among other conditions. And some places will let you use only one of its gift cards per transaction.
The last few years have been volatile for restaurants, retail stores and other industries. If a company goes out of business, the gift card could be worthless, even if it has a balance.
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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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, 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.
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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How To Sell Or Swap Gift Cards
Turn your unwanted gift cards into cash .
Forget socks did Santa bring unwanted gift cards?
If you’re now the proud owner of some gift cards you’re just never going to use, have no fear. Instead of dumping those unwanted gift cards in your junk drawer for future regifting, why not try your hand at selling or swapping them online?
The Pros Of Flipping Gift Cards
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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.
Why Did We Not List Cardpool
The reason we can’t recommend Cardpool is that it has an F rating with the BBB, the lowest rating they give. Definitely worth taking into account! We read many reviews that suggested Cardpool did not send out cards or pay the proper amount when purchasing from sellers. As such, we cannot recommend this site, but you are obviously free to consider it.
One of Cardpools main advantages is its one year guarantee. Unlike competitors such as CardCash, who only guarantee for 45 days. Cardpool also gives you the option of being paid in Amazon gift cards: a unique offer among the companies we reviewed. We particularly liked the Cardpool app, which gives you access to a digital wallet and allows you to buy gift cards on the go maybe even while waiting in line at checkout. You can pay in-store directly from your phone and get your shop for less.
One disadvantage is the app is only available on the Apple App Store. Popular stores see lower discounts. However, its still a good way to save a few bucks if youre making a bigger purchase and itd add up over time. We saw much bigger discounts on other retailers such as American Eagle, which offered a 17% discount.
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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.
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.
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