Each site has its own set of restrictions. Most have different maximum and minimum exchange amounts, which can be troublesome if you’re trying to sell either a low- or high-balance gift card. Generally, your card has to have a minimum balance of $10. The maximum amount varies from site to site but is somewhere between $200 and $400. Some sites have buying and selling fees that can take a substantial percentage of your payment. The best services do not have these restrictions.
If listing your gift cards online or going to an in-person kiosk is too much work, you can also sell them from home with a garage sale. You may or may not get a good deal for the cards because asking price depends on how much interest the prospective shoppers ask. Do encourage the potential buyer to dial the toll-free 1-800 number on the back to verify the balance before buying.
Not included in this price comparision site is a new offer from Walmart that’s good if you have a lot of love for the big-box retailer. Walmart will trade store credit for gift cards from more than 200 different retailers, restaurants, and airlines through its own online exchange website, Walmart.CardCash.com. Certain merchant cards will get you up to 95% of the original card’s value, or about 3% more than most reseller websites, which usually top out at 92% of a card’s face value. Others will get you 85% back, and some as little as 70%.
The exchange value for non-retail gift cards wasn’t as generous, though Walmart’s offer still came out ahead. For example, a $25 Starbucks gift card would net 70% of its value in cash on GiftcardZen and 71% of its value on Cardpool. The same $25 Starbucks card would net 72.5% of its value in the form of a Walmart e-gift card.
GiftCardRescue allows users to buy, sell, and exchange gift cards. This website offers an additional 5% over the redemption value if the card is exchanged for an Amazon gift card instead of cash. They also offer bankruptcy protection in the event that the retailer no longer accepts the gift cards.
Target trade-in: If you love shopping at Target, you’ll be pleased to know the big-box retailer will trade store credit for gift cards from more than 100 different retailers and restaurants through its own in-store exchange. Not all Target stores participate in the program, so you should check the website to see if your local store is part of the Target trade-in program.
Approximately $1 billion in gift cards go unused every year! Unused gift cards are essentially free money for retailers–a “free lunch” if you will. That’s why selling your gift cards to somebody who wants them is a win-win for you and the buyer.
Another one is that the buyers are using cashback sites to shop on eBay and sometimes the cashback sites have promotions where they can earn way more cashback than the few extra dollars they paid for the GC.
After entering your information, the marketplace will immediately begin verifying your card information. Although most marketplaces say it can take up to 24 hours, from personal experience, it only takes a few minutes to verify the card balance and make the listing go live.
CardCash is an online gift card marketplace where you can buy, sell or swap gift cards. The service buys gift cards directly from sellers and sells them directly to buyers; you can also choose to trade your cards (at a slightly better rate) instead of taking cash. For sellers, CardCash offers up to 92 percent of a card’s value; for buyers, discounts of up to 35 percent.
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
To sell your gift cards online, all you need to do is input the brand and balance to get an offer. On most sites, you can enter the gift card number to sell it and receive payment electronically — no need to mail anything.
Selling online will be the easiest option for most gift cards. You should expect to pay a commission up to 15% of the selling price. If you sell a gift card that needs to be mailed to the buyer, you will have to pay an additional shipping fee too. Most gift cards are digitally delivered, to keep the selling fees as small as possible.
© 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.
The one downside of selling gift cards is that you rarely “break even” or profit. If you’re trying to sell a $25 gift card, you’re most likely going to get less than $25 in cash. It’s the nature of the business, but I’d rather take the money by selling at a discount than have nothing at all.
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.
Choose from over 30 American Express Gift Card designs to find a perfect gift for all the important people in your life. Get a Business Gift Card for star employees or loyal customers. Or a Personal Gift Card for friends and family. Values range from $25 to $3,000, so American Express Gift Cards can be a thoughtful gift for any occasion. The benefits of American Express Gift Cards are numerous. They can be used virtually anywhere American Express is accepted in the U.S. Gift Card funds do not expire, there are no fees after purchase, and Gift Cards can be replaced if lost or stolen. So, next time you need to say thank you, congratulations, or Happy Birthday, say it with a gift that shows you care.
We spent over 85 hours researching the best gift card exchanges by looking at the amount of money each site will pay you to sell gift cards you don’t need. We also researched the discount you can get if you buy gift cards from the site. We made sure to include websites that allow you to swap your gift cards directly for other cards.
Some states require that gift card issuers allow cardholders to redeem their gift cards for cash. California law states that consumers can receive cash from the issuing retailer if a gift card has $10 or less remaining on the card. In Maine, Massachusetts, and Montana, cards with a value of $5 or less can be exchanged for cash. In Vermont, cards valued at less than $1 can be redeemed for cash. Investigate to determine if a cash exchange is an option.
Satrap is not a financial advisor & MoneyPantry.com is for entertainment & educational purposes only. Material shared on this blog does not constitute financial advice nor is it offered as such. As mentioned in our Disclosure page, MoneyPantry may have a financial relationship with some of the companies mentioned on this site, including Credit Card providers, and as such it may be compensated with a referral/commission fee. All trademarks, registered trademarks and service marks mentioned on this site are the property of their respective owners.
When purchased, each Gift Card is loaded with a value between $5 and $500. If the card value is not printed on the card carrier, you may check your balance online by using the 4 digit Access PIN on the reverse of your card. Alternatively, contact the customer response team on 1300 304 990.
Offers valid with promotion code at checkout until advertised expiration date and cannot be combined. Offers are only valid on americanexpress.com/gift and do not apply to National Parks, United Way, Children’s Health Fund and Logo Reward Cards. Purchase Fees or Shipping Charges may apply subject to terms of the offer. Read specific offer for complete details. Please note that a promotion code provided in connection with a particular offer on americanexpress.com/gift is intended only for use by the recipient of the offer and is not valid on Gift Card or Business Gift Card purchases made through any third party sites.
Card Avenue has a very extensive inventory of cards for sale. Navigating the site is easy. If you want to trade a card, create a “wish list” of gift cards you would consider in exchange for your gift card. For example, if you have a $50 Pottery Barn card, but you would much rather have a $50 Victoria’s Secret or Macy’s card, then include those cards in your wish list. Other traders will browse the site, and if they have a Macy’s or Victoria’s Secret card and want your Pottery Barn gift card, you might be able to make the trade. The site receives a commission from the traders.
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.
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.
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If you don’t want to have the value of your card dictated by a reseller, use raise.com. Through this site, you can set your own price for the gift card in a marketplace similar to eBay, without the bidding. You can list any e-card for free on the site and a physical gift card for $1, but when you sell it, the company will take a 15% cut, meaning that even if you sell it for full value you can still end up recouping the same or less than a site that pays a lower percentage outright, plus you won’t have to wait as long to get money back.
If you have unused gift cards lying around collecting dust, don’t let them go to waste. The gift card industry is worth an estimated $60 billion, and experts say that at least 10% to 15% of gift cards are not redeemed. That’s $6 to $9 billion dollars that consumers never use.
To exchange their gift cards, shoppers don’t even need to leave the house. Walmart’s card exchange website, Walmart.CardCash.com, lets users input their gift card’s information, and a Walmart gift card will be emailed to them once the original card’s balance is verified.
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.
Usually not. Most online marketplaces will convert your physical gift card to a digital version that the buyer can either redeem online or print. Digital transfers instantly transfer the card balance to the buyer and keep selling fees to a minimum?
A partially used gift card is a terrible candidate when it comes to regifting etiquette. If at all possible, try to avoid awkward situations by regifting a card from a friend to a relative or coworker who doesn’t know the friend.
Find a perfect Gift Card for your friends and family. Select a design for any occasion or choose the Gold Custom Card to emboss your recipient’s name on the front. Gift Cards are available in amounts from $25 to $3,000.
If you’d rather keep another service from profiting off your gift card or don’t find the exchange worthwhile, contact your favorite charity organization and ask if they accept donated gift cards. You could also use a site like Gift Card Giver, which distributes donated gift cards to certain approved nonprofit organizations. Giving the card away could lower your tax bill and extend that holiday generosity even more.
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.
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.
The only problem is that you don’t actually need anything that Amazon sells (which is everything by the way). Let’s just say you would rather have that $500 in cash because you have to pay your rent or some other bill.
You mentioned denominations only of $2k are eligible but the website does not mention anything about denominaions below 42k? I am hoping we can still earn cashback as I ordered 10 gift cards for $500 each.
Don’t let your unwanted gift cards sit around collecting dust. Make them work for you instead. If your Great Aunt Sue gave you a $100 Starbucks gift card and you don’t drink coffee, trade the card for a shop you do visit, or trade the card for cash. If you use Plastic Jungle to sell your $100 Starbucks gift card, they may pay you up to $92.00 for the card.
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.