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.
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.
Sellers: CardCash buys both physical and electronic gift cards, and also allows sellers to trade cards for other gift cards instead of accepting cash. CardCash will pay for you to ship your physical cards to it. The company pays out via PayPal, ACH deposit or mailed check. If you want to trade your card for a different card, you’ll need to mail it in (electronic cards aren’t accepted).
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.
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.
If you want the cash immediately, go with the Sell It Now option to be paid by PayPal, direct deposit, or check within three business days. But if you have more time to sell, you can earn more with the other two options –Name Your Price and Trade In– to get paid in cash or swap your card for a more desirable brand.
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.
If you need cold hard cash, swap your gift cards at a reputable Web site such as GiftcardZen or Cardpool. But if you do most of your shopping at Walmart, you should consider trading in your gift cards at Walmart’s online exchange to take advantage of the higher payout rates.
If you know how to sell on eBay, you can actually buy something on Amazon that sells well on eBay, using your card. Then sell it on eBay and get cash for it. You can potentially get more for a product on eBay than what it sells for on Amazon. Might be time consuming BUT you can get more cash, eventually. And if you know what you’re doing, you can actually list your product on eBay BEFORE you buy it, and only buy when it sells, and actually have it shipped directly to your customer from Amazon directly. Then you get your cash’ worth on Paypal directly from eBay.
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.
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.
Why would you want to do this if you could easily liquidate Amex gift cards by loading them onto a Target Prepaid REDcard (aka Redbird) or Amex for Target? If you got a little overzealous ordering Amex gift cards this month and have a large amount left to liquidate after maxing out Redbird and Amex for Target, then this drawn-out method makes sense. There are several costs involved that you should take into consideration:
F Famous Dave’s Famous Footwear Field & Stream Filson Finish Line Fleming’s Steakhouse Flying J Fogo de Chao Food Lion FoodMaxx Foot Locker Footaction Forever 21 Fossil Four Seasons Francesca’s Fred Meyer Frederick’s Of Hollywood Friendly’s Frontier Airlines Fuddruckers FYE
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?
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.
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.
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.
While you can sell just about any gift card, some sell for more than others. You are more likely to maximize your profits by selling Amazon gift cards, Starbucks, iTunes, or Walmart as these brands consistently sell close to their current card value with a discount of 5% or less. Less popular gift cards–Old Time Pottery and The Spaghetti Warehouse–sell for a 26%+ discount.
Most buyers are honest, but a few bad actors give everybody a bad name. A common eBay scam is for the buyer to pay for the card and receive the card number and pin in an email. The buyer quickly makes a purchase with the card and then files a complaint with eBay stating the seller sold a bad card. Sellers that don’t follow the three safety tips above end up refunding the buyer and lose the gift card in the process.
If you’d rather keep another service from profiting off your gift card or don’t find the exchange worthwhile—or if you’d feel less Scroogelike by giving your unwanted card away—contact your favorite charitable nonprofit and ask if they accept donated gift cards. Giving the card away could even lower your tax bill, if you itemize, and extend that holiday generosity even more.
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 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.
Sell My Gift Card
Buy My Gift Card
Trade My Gift Card
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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.
Selling your unwanted gift cards can be an excellent way to make a little extra cash with minimal effort. Whether you sell online or in-person, selling gift cards for cash is one of the easiest ways to improve your finances and you also find a good home for your old gift cards.
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.