A gift card is a method of cashless transaction available at many retail stores, gas stations, online shopping websites, etc. In this form, the customer loads a certain sum onto the card, which they can gift to someone else, and it can be spent at locations that accept them. Generally, these cards come in open-loop, and closed-loop forms, where the open-loop gift card is accepted anywhere, taking the card as payment, and the closed-loop cards can be used only by the merchants specified on the card. They can also be used physically or digitally via the unique gift code number used to make purchases in the stores or websites they are issued by. Let us see some places that buy gift cards.
Places that buy gift cards
The best places to sell gift cards online are sites that buy them approximately at their face value. The customer can compare offer prices from all the available sites to receive the highest rewards for their card. Most of these sites also allow the customer to trade in their gift card in exchange for another gift card that they wish to use. Social media websites like eBay and Facebook Marketplace also allow the customer to sell gift cards just below their face value price.
Make Money From Unwanted Cards!
Nowadays, various websites can help someone sell their unused and unwanted gift cards to others. For example, companies such as Raise and CardCash can help customers sell their gift cards for up to 92 cashback on the value of their card.
- Websites that are Reputable for their resale of gift cards also ensure the seller’s transactional safety and privacy to protect against fraud encountered on general social media websites.
- Websites such as CardCash allow customers to swap their gift cards for other gift cards with equal or slightly higher value, allowing them to profit from a card they wouldn’t have used otherwise.
- The customer can also receive credit card rewards by trading in gift cards. However, they are comparatively smaller than those received by redeeming the rewards for ticket bookings or online shopping.
Where to Sell Your Gift Cards Online?
Here is a list of the top five websites where one can sell or exchange their unwanted gift cards:
- Cardpool – is the most popular and trusted gift card exchange platform on the internet. With an A+ rating from the Better Business Bureau, it offers one of the best rates to sell gift cards for cash, up to 92% of the card’s value, paid via check to the customer within a business day.
- Gift Card Granny – It lets the customer sell or trade unused gift cards. It also lets them choose from a variety of selling options – they can choose the best offer and sell it instantly, list their card online and sell it at their price, or they can exchange their unwanted gift card for a gift card they want, from a plethora of retailers to choose from.
- CardCash – It allows the customer to sell partially used gift cards, which can be sold or exchanged for a different card.
- GiftCardSwapping is a website primarily for exchanging gift cards, offering up to 75% of the card’s value in cash, and is the best option for customers looking to exchange gift cards rather than sell them.
- Raise – This app is dedicated to card resale and allows the customer to list the gift card for sale, leading to a comparatively longer selling period but higher payouts.
Conclusion
Unwanted and unused gift cards can be sold or exchanged through websites that offer attractive resale bonuses and exclusive exchange offers. The gift card is generally used within three months of its procurement after the customer generally ignores them or forgets about them. That is why it is a financially prudent solution to trade or exchange them for cash or rewards, which will free the money otherwise invested in a place where it is left unused.
Frequently Asked Questions
Is there somewhere else I can sell my gift cards?
Here is a list of some other popular gift card sale websites:
- Monster Gift Card
- GiftCardBin
- Gameflip
- QuickCashMi
- Check into Cash
- CardKangaroo
- Reddit Gift Card Exchange
- Gift Me
- Save Ya
- eBay
- Purse
- Gift card Zen
- Card Hub
What are the advantages of using gift cards?
- Excellent substitute for credit/debit cards or cash.
- Appropriate gifts for all occasions and age groups.
- Helpful money management tool as it helps one to remain within budget.
- Easy, convenient, and hassle-free transactions.
What are the disadvantages of using gift cards?
- Money left over from purchases is often wasted/ignored and lost.
- They are levying various fees regarding recharge or reissue of the card.
- Limited purchasing power, especially in closed-loop cards.
- Loss of card theft can lead to monetary loss if the card is physical and the card number is not noted down elsewhere.
- Levying of inactivity fees if the card remains unused for an extended period.
