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.
Making a charitable donation can be a good use of a gift card. The advantages include the convenience, the tax write-off, and the opportunity to donate to a worthy cause. To make a charitable donation, find a non-profit organization that can best utilize the card. For example, a food bank may not have use for a gift card from a high-end clothing retailer, but an organization that assists people in preparing for job interviews may be able to use the card.
Have unused gift cards? Need cash fast? Sell your gift cards for cash (or, another gift card) at a gift card exchange location near you. It’s super-convenient because exchange locations are available at your local check-cashing, grocery, and department store. They’ll make you an offer right on the spot and, if you accept, you’ll get paid—instantly!
The retailers are counting on this, since unused gift cards equate to company profits. However, unused gift cards don’t have to go to waste. There are several websites, including eBay, where gift cards are being traded, and even sold, for cash.
For several major retailers’ gift cards we checked, Walmart.cardcash.com was offering a higher Walmart e-gift card value than cash offers from several of the top discount gift card marketplaces. For example, you can exchange a $50 Best Buy gift card for a Walmart e-gift card worth $46.20. The highest offer we could find on Gift Card Granny was $44.75. A $50 Target gift card could be exchanged for a $48.30 Walmart e-gift card versus $45.25 in cash.
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.
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.
The content on MoneyCrashers.com is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, consult a licensed financial or tax advisor. References to products, offers, and rates from third party sites often change. While we do our best to keep these updated, numbers stated on this site may differ from actual numbers. We may have financial relationships with some of the companies mentioned on this website. Among other things, we may receive free products, services, and/or monetary compensation in exchange for featured placement of sponsored products or services. We strive to write accurate and genuine reviews and articles, and all views and opinions expressed are solely those of the authors.
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.
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).
Some people feel it is not very tactful to “regift” a gift card. If you decide to go this route, however, make sure the card and the gift card envelope don’t show any signs of wear. It may be possible to obtain a new gift envelope from the original retailer. You can also add the regifted card to another gift. Stash the card inside of a new book for a creative bookmark, or attach the card to a stuffed animal.
While no gift card exchange will pay full value for a card, Walmart’s current payout rate — the percentage of the face value that you will receive in exchange for your gift card — appears to be higher than the industry norm. Bohm says the exchange offers on Walmart.cardcash.com are, on average, 5% better than competitors’ offers. According to Walmart, it’s offering up to 97% of the face value of gift cards. The most you can usually get is 93% of a card’s value, according to Gift Card Granny, which compares offers from several sites that buy and sell gift cards.
After you have sold your card, most sites will give you a few different payment options, including cash, check, PayPal, Amazon gift cards or company credit. Some, like CardCash, will allow you to exchange one gift card for another.
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.
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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.
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“Thank you! I just love this store.” Have you ever spoken those words after receiving a gift card as a gift, when you only go there once in a blue moon? If you have a drawer full of gift cards that you never use, you can sell your gift cards for cash and finally use that money to buy something you need.
For questions about American Express Gift Cards or Business Gift Cards, please use the Search box located in the upper right corner. Alternatively, you may call 1-877-297-4438 for questions about American Express Gift Cards. Or, for questions about American Express Business Gift Cards, please call 1-800-297-7327, seven days per week.
Once you get your money orders, you can use them to pay off credit cards in-branch (i.e. Citi, Bank of America, Chase, U.S. Bank) or deposit them into your bank account. I would do a combination of both, to stay under the radar and avoid looking like someone who is laundering money.
P P.F. Chang’s Pac Sun Panda Express Pandora Panera Bread Papa Gino’s Papa John’s Patagonia Peets Coffee and Tea Pei Wei Asian Diner Peohes Performance Bicycle Perkins Restaurant and Bakery Petco Petsmart PGA Tour Superstore Phillips 66 Pick Up Stix Pier 1 Imports Piercing Pagoda Pinkberry Pizza Hut Pizzeria Uno Pottery Barn Puma
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.
Checks are usually issued within 1 business day of gift card receipt and should arrive in 5-10 business days via USPS First Class Mail. We do not issue payments via direct deposit or Paypal at this time.
Raise is the largest online gift card marketplace. I’ve sold a few gift cards on Raise and they usually sell within 24 hours of listing. When a card sells, you can be paid by PayPal, direct deposit, or check. I request payment as soon as the card sells and receive my PayPal payment within 48 hours.
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.
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?
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.
And if you are not sure about that, you can always sell the GC for its face value or a few dollars lower. I looked on eBay and a lot of gift cards, including Amazon’s do sell for 100% face value or near it.
GiftCardGranny.com found that the cards with the highest resale value are for groceries (Safeway takes the top spot), gas stations (Shell and ARCO take No. 2 and 3), or large retailers that offer a wide range of products, such as Amazon and Walmart, which round out the top five. (For a longer list of favorites, see These Are the Best Gift Cards to Give This Year.)
I get lots of emails (and search traffic) from people wanting to know whether they can use American Express gift cards to buy money orders. The simple answer is “No.” American Express gift cards are not PIN-enabled, so they cannot be used to purchase money orders. However, there is a slightly tedious workaround. You could use Amex gift cards to purchase PIN-enabled Visa gift cards, then use those to buy money orders.
Although we refer to these services as gift card exchanges, most of them simply pay you cash for your unwanted cards. When you trade through CardCash.com, you have the advantage of trading for a physical or electronic card from a different retailer. CardCash still won’t give you the full value of your card, but you can trade a $50 gift card for around a $40 card from another retailer. The exchange rate depends on the popularity of the cards you’re trading in and getting back.
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.
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%.
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.
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.
There are a number of websites that let you get cash back for your card or swap for another you’re more likely to use, but don’t expect to recoup the full value. These vendors will take a small percentage, meaning you’ll pay a price for your swap.
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?
Sell My Gift Card
Buy My Gift Card
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Just make sure you don’t wait so long that you forget to exchange your gift card at all, warns Shelley Hunter, GiftCards.com’s content manager. The longer people hold on to a gift card, she says, the more likely they are to forget about it and never exchange or sell it.
The motivation for Walmart’s gift exchange is probably to increase store traffic, but there are many reasons retailers love getting their gift cards into the hands of shoppers. As MONEY’s Kara Brandeisky points out, shoppers are likely to overspend when given what seems like fake money. In addition, researchers have found that consumers buy items they don’t need when they use a stored-value certificate; the CEB TowerGroup consultancy has found that 65% of gift card users spend 38% more than the face value of the card.
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.