Selling your gift cards in person gets you cash right away and you won’t have to wait for a company to receive your gift card in the mail before you get your payment. However, most people sell their gift cards online because you can get higher returns and it can be hard to find a physical store that buys gift cards. Monster Gift Card is one of the few services we researched that has physical locations that will give you cash for your cards.
Sellers: Cardpool buys both physical and electronic gift cards. The service will pay for you to ship your cards to it and pays out via mailed check or Amazon gift card. If you choose the latter, you’ll get a slightly better rate.
Don’t worry if you don’t like some of the gift cards you receive this Christmas. The AP reports that Walmart will trade store credit for gift cards from more than 200 different retailers, restaurants, and airlines.
Buyers: Because Raise is user-driven, you may find better — or worse — deals than you’d find on Cardpool or CardCash. Raise does offer a 1-year money-back guarantee on all cards sold through its platform. The guarantee covers inactive cards, cards with an inaccurate balance and cards not received within 30 days of purchase.
Looking for the perfect gift, but not sure what that might be? Gift Cards solve your problem in a stylish and flexible way, putting the choice right into the hand of the gift receiver. Cards may be purchased at the following leading retailers for use exclusively in their stores.
Coles Group & Myer Gift Card: Coles Supermarkets, Coles Express,Myer, Target, Baby Target, Target Country, Kmart, Kmart Tyre and Auto Services, Officeworks, BI-LO, Liquorland, Vintage Cellars and 1st Choice Liquor Superstore.
You’ll 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.
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Giftcard Zen also accepts your unwanted gift cards. You can expect payment via PayPal 10-14 days after Giftcard Zen receives your card information. Gift cards are accepted for most online and brick-and-mortar retailers.
These fees can be largely offset by purchasing Amex gift cards through a cash back portal like Top Cash Back, which currently pays out 1.5% cash back on Amex gift cards. On a $4,000 Amex gift card order, you’d earn $60 cash back and pay $13.85 – $16.85 in shipping and gift card fees. Assuming you’re liquidating these gift cards in $500 increments, you would incur another $31.60 in Visa gift card fees. Now all that’s left are money order fees and if you can buy them someplace where more than one gift card is allowed for payment, you can greatly reduce costs and even come away with a small profit.
Your unwanted gift cards can do more than weigh down your wallet or collect dust in a drawer. By selling them to a gift card exchange service you have the chance to get something you want, which is what the person who gave you the card intended all along.
Gift cards are the most desired present this holiday season, according to a poll by WalletHub. But if you get a gift card under the tree from a store you’ve never heard of—or would never willingly shop at—you may find yourself looking for ways to trade your gift card or exchange it for cash.
Gift cards are a popular gift idea because they are extremely convenient; especially for the person that’s impossible to buy for. Whether or not you happen to be that person, you’re here because you probably have at least one gift card that you don’t know how to use.
Cardpool makes it ridiculously easy to buy and sell pre-owned gift cards. We exclusively carry hassle-free gift cards that have NO FEES and NO EXPIRATION, and stand behind every sale. We carry cards from thousands of popular vendors and are adding more every day. We’re passionate about helping you save money.
T T-Rex Café T.J. Maxx Taco Bell Tahoe Joe’s Talbots Tanger Outlets Target Tesoro Texas Corral Texas de Brazil Texas Roadhouse TGI Friday’s The Body Shop The Coffee Bean & Tea Leaf The Container Store The Crab House The North Face Ticketmaster Tiffany & Co. Tilly’s Tim Hortons Timberland Toms Tony Roma’s Torrid Tory Burch Tourneau Tractor Supply Co. Trader Joe’s
Beginning on Christmas day, shoppers can trade in any eligible gift card for a Walmart gift card of similar value. How much you get depends on what kind of card you’re trading in. An Amazon card will fetch 95% of its value, a Gap card will be worth 85%, and some cards will be matched with just 70% of their original value. The exchange program is being done in partnership with CardCash, the largest platform for buying and selling gift cards. Walmart says this exchange is a test but could be made permanent if there is heavy demand.
Cardpool.com (formerly Coinstar) gift card kiosks: If you don’t want to make your swap online, you can visit certain in-store kiosks, operated by Cardpool.com. These machines, once owned and operated by Coinstar, accept gift cards from more than 150 retailers and restaurants, as long as they have a balance of at least $15. The kiosk will make you an offer for the card—and if you accept the offer, you’ll get a voucher that you can redeem for cash at the register of the shop the kiosk is located in.
If you don’t want to make your swap online, you can visit certain Coinstar kiosks (yes, those same machines you dump a year’s worth of spare change into). These yellow boxes accept gift cards from more than 150 retailers and restaurants, as long as they have a balance of at least $20. It will make you an offer for the card, and, if you accept, will provide you with a voucher you can then redeem for cash at the register of the shop the kiosk is located in.
Jason has been writing about personal finance, travel, and other topics on blogs across the Internet. When he is not writing, he has a career in information technology and is also a commercially rated pilot. Jason lives in Colorado with his wife and young daughter where he enjoys parenting, cycling, and other extreme sports.
To conduct my experiment I picked six leading online gift card buyers and asked for quotes on three different gift cards. I wanted to see what they would offer for a $25 Starbucks gift card, a $50 Banana Republic gift card and a $100 Target gift card.
Depending on where your gift card is for, you might be able to use the card to invest in a side hustle. For example, you can buy a client lunch or maybe you can buy products or tools you use for your side hustle. Sure, you can find them cheaper at a different store, but using the gift card reduces your out-of-pocket expenses.
The gift card exchange site Raise has always been one of my favorite places to sell my unwanted gift cards, because I get to set the price. However, like with Ebay, you don’t get paid until the gift card sells.
Plastic Jungle buys unwanted gift cards and will pay up to 92% of the face value of the card. Users have to enter gift card information on the site, and then Plastic Jungle makes an offer for the card. Sellers receive pre-paid shipping labels to mail gift cards to the website. Once the balance of the gift card is verified, the website pays for the gift card with a check or PayPal.
Typically, in-store trade-ins offers lower resale returns than the online exchange marketplaces, says Hunter, but the payout is more immediate: “You’ve got to ask yourself if you value the dollar amount or convenience more.”
Unlike Cardpool and CardCash, Raise is a user-driven gift card marketplace — sort of like eBay, but with less risk. On Raise, sellers list gift cards at the price of their choosing and buyers purchase cards directly from the sellers. Raise doesn’t take possession of any of the cards that are sold on its site, but sellers are required to “verify” their cards with the company (by entering in serial numbers and PINs and checking the card’s balance) before they can be listed.
When you are shopping you will use your E-Gift card the same way as you would a traditional gift card. If you are making a purchase online, simply enter the code in the appropriate field, the same way you would if you had the physical card sitting in front of you. If you are in a store, you can ask the salesperson to either scan the barcode or show them your E-Gift Card number from your email.
Advertiser Disclosure: The credit card offers that appear on this site are from credit card companies from which MoneyCrashers.com receives compensation. This compensation may impact how and where products appear on this site, including, for example, the order in which they appear on category pages. MoneyCrashers.com does not include all credit card companies or all available credit card offers, although best efforts are made to include a comprehensive list of offers regardless of compensation. Advertiser partners include American Express, U.S. Bank, and Barclaycard, among others.
E-Gift cards are more convenient, electronic version of traditional plastic gift cards. @e-gift cards offer all the same benefits of traditional gift cards. E-Gift Cards work just like regular Gift Cards, however, a digital card with a code is emailed to the recipient. A copy of the E-Gift card will also be sent to the purchaser as confirmation that the email was sent.E-Gift cards are used just like regular Gift cards online or in stores. When redeeming E-Gift cards in Stores, the code must be readily available.
Select Coinstar machines will also buy your gift cards in addition to your loose change. The next time you buy groceries, take your gift cards along and maybe you can exchange them for store credit! However, I recommend looking for a CardPool kiosk first as they are more prevalent.
Walmart isn’t the first to experiment with gift card exchanges. Several Web sites, including GiftcardZen.com, Cardpool.com and GiftCards.com, already let consumers sell unwanted gift cards for cash. And cash, of course, can be used more widely than a Walmart e-gift card. Cardpool will also exchange gift cards for Amazon.com gift cards.
If you have a card that your friend or family member can benefit from more than you, regifting your gift card is a good idea too; just make sure you don’t tell the person who gave you the card originally. And, you’ll save a few dollars on your monthly spending too!
You may be thinking, “I have a $80 gift card to Starbucks, why should you only get $40 back?” The answer is pawn shops are going to have to turn around and sell this gift card to someone else, and they aren’t going to be able to sell an $80 gift card for $80 + sales tax. Instead, they’ll have to sell your gift card for $60 + sales tax. That means that they’ve got to buy the gift card for less than $60 and still have some profit built into it – of which a $20 profit margin is very fair and reasonable for a pawn shop to expect to get.
So take a look at one of the many gift-card marketplaces dedicated to swapping cards. Unlike eBay, these exchanges offer a balance guarantee on any card purchased through them — so scammers can’t use the card’s balance after it’s been sold. Many of these exchanges also act as the middleman between sellers and buyers, so you only have to deal with the company (not fickle gift card junkies).
© 2012-2018 GiftcardZen Inc, All rights reserved. Giftcard Zen and RetailMeNot are registered trademarks of GiftcardZen Inc and RetailMeNot, Inc., respectively. Third-party trademarks are the property of their respective third-party owners. Giftcard Zen is not the issuer of any of the gift cards that appear for sale on Giftcard Zen. Presence of a third-party trademark or gift card does not mean that Giftcard Zen has a relationship with that third party or that the third party endorses Giftcard Zen or its services.
Raise has a large inventory of cards to choose from and plenty of search tools to help you find gift cards that are anywhere from 1 to 20 percent off, and sometimes higher. This website is user-friendly and makes buying discounted gift cards a straightforward process. You can search for both electronic and plastic cards, though you may have to pay extra charges when mailing and receiving physical cards. Raise has a mobile app for iOS and Android devices that lets you search for discounted cards on your phone, and you can drill down and search for cards that have the highest discounts.
Unused gift cards can be sold online. If you want cash for your gift cards, try listing them on eBay. Other sites such as Cardpool and Plastic Jungle also let sellers auction their unwanted or unused gift cards. Shoppers flock to eBay around the holidays, so try selling unwanted gift cards online in November and December to get the best return on the cards. If your name is on any of the gift cards, check to make sure they are transferable before listing them for sale.
Gift Card Granny might be the easiest place to sell because you can compare the selling prices on several marketplaces with a single query. For high demand gift cards, you can earn up to 92% back of the card value.
Sell My Gift Card
Buy My Gift Card
Trade My Gift Card
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Gift Cards or Business Gift Cards may be used at US merchants that accept American Express® Cards. These products may not be used at ATMs or for Recurring Billing. Additional limitations may apply. See American Express Gift Card Cardholder Agreement and American Express Business Gift Card Cardholder Agreement, as applicable. Not available for sale to VT or HI residents. American Express does not ship Gift Cards or Business Gift Cards to the states of VT or HI.
On this subreddit people normally barter for tangible goods rather than gift cards and gift certificate codes. But you may be able to find someone who will be willing to pay cash for your Amazon gift card.
My local grocery store, Safeway, sells gift cards on Amazon. I do surveys for a site that gives me some pretty hefty rewards on occasion in the form of Amazon credit. I use that to buy a Safeway gift certificate, that I can print out and use instantly. I always need groceries, so I just use the gift certificate for my normal grocery shopping. It’s a minor variation on your number 9, but it provides more flexibility than buying the groceries items that Amazon offers (which aren’t cheaper than your local grocery store many times, despite people thinking Amazon is always cheapest). I’ve also done the same thing with Old Navy gift cards. I did all of my wife’s Christmas shopping this way– used Amazon to buy Old Navy gift certificates, then used them to buy her, and my daughter too, Christmas clothes.
The holiday season often ends with a short stack of gift cards. Inevitably, in this stack are a few gift cards that we can’t or don’t want to use. Or maybe you returned an item but could only get a gift card back?