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).
Sellers: You can list your gift card for any price on Raise, so you may be able to sell it for more than the “up to 92 percent of the card’s value” that other sites offer. Raise does take a 15 percent cut of any cards sold, though, so you’ll need to factor that into your selling price. Once your card sells, you’re responsible for shipping it to the buyer within three days.
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.
Prefer to pay cash for your purchases? You can buy Amazon.com Gift Cards or codes at a store near you to add cash to your Amazon Balance with Amazon Cash, Western Union, Moneygram, Coinstar and Ace Cash Express. Amazon.com Gift Cards and codes (which are issued by ACI Gift Cards Inc., an Amazon company, and sold to third-party retailers) are an acceptable form of payment at www.amazon.com.
That’s if you use it at all. This year alone, American consumers will leave more than $1 billion in store credit unused, according to CEB TowerGroup, which tracks gift card trends. Rather than leave that card to languish in your wallet, consider these options for swapping it for something you do want.
I was researching this topic for an article and came across your blog. You have a lot of creative idea’s I didn’t know you could sell AMZ Gift cards on Ebay for more than face value that is crazy!. Look for a link from Amazon Hackers soon. Thanks for sharing!
The following prepaid cards, issued by American Express that have been fully registered by the Card Member and approved by American Express, may be used to make purchases on americanexpress.com/gift: American Express Serve®, Bluebird, One VIP™ Card, and Target Prepaid REDcard® by American Express. No other prepaid cards, including single load gift cards, may be used to make purchases on this site. American Express does not accept any payment methods with addresses from the states of VT or HI for Gift Cards or Business Gift Cards.
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.
Gift Cards are conveniently located at the registers and on Gift Card stands in all participating stores. Simply select the Gift Card of your choice, take to the regsiter and nominate the value you wish to add to the card. This can be any amount from $5 to $500. Your card is loaded with this amount and is ready for use at any of the participating stores located across Australia.
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.
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.
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.
Sell My Gift Card
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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.
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.
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.
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.
Beware trying to sell gift cards on eBay, at least electronic gift certificate codes. I sold one worth $100, collected payment via PayPal from a eBay and PayPal verified buyer then emailed the code. I kept proof that I had delivered the code and that it was valid. The buyer then reversed the payment with their bank, and PayPal withdrew the payment from my account. The buyer didn\\\’t even provide a reason. PayPal wouldn\\\’t cover the transaction despite fraud as they said it isn\\\’t covered by their seller protection policy. I\\\’m out $100 and as a bonus, eBay still wants to be paid for the sellers fees for selling the item – they refuse to refund the charges. So I owe the
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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.
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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.
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.
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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.
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.
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.
All the websites we researched offer guarantees on your purchases. These guarantees confirm that, in the event something goes wrong like your card arrives without the advertised funds, you will get your money back. Besides looking for a money-back guarantee, we researched whether companies offer a FAQs page on their websites to address common problems and solutions. Additionally, the best sites have several different forms of communication. Whether they offer phone, email or an online contact form, you want to be able to contact the company with ease.
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.
The best gift card exchange sites are the ones with the highest variety of merchants. However, without an effective filtering process, finding a specific gift card can be nearly impossible. Most sites have a general search engine and a retailer search option so you can find a specific card. Some sites take it a step further and offer searches by category, price and discount. The more search options, the easier it is to find that perfect gift card.
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