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.
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.
When you sell a gift card to a pawn shop, you can typically expect to get about 50% of the value of whatever is currently on the card and can be verified. We want to thank Brian the PawnNerd for this insight, which he wrote about earlier this year in Can Pawn Shops Buy Giftcards?
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.
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!
It depends on what gift card you have and which one you want to trade. Trading can be more lucrative because you simply swap balances and the marketplace collects a smaller fee. But, you might need a high demand gift card like Amazon, iTunes, or Starbucks to trade. If no other traders want your card, you can earn more selling.
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Giant Eagle has installed kiosks providing consumers with cash for unused gift cards, The Columbus Dispatch said. The so-called Alula kiosk is produced by the makers of Coinstar and Redbox kiosks and provides consumers with cash almost immediately, unlike some online gift-card exchanges or resellers that require people to mail in unwanted cards before receiving checks or electronic money transfers for the cards.
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.
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.
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.
Through a partnership with discount gift card marketplace CardCash.com, Walmart launched its gift card exchange — Walmart.cardcash.com — on December 25. The retailer plans to test the service for several weeks to determine whether it will keep it around. The initial response seems promising. “We have seen tremendous volume and are very happy with the success and impact of the partnership,” says CardCash.com CEO Elliot Bohm.
You can get up to 92% of the gift card’s value, though the exchange rate varies by brand. Once we’ve verified the balance on your card, we’ll present you with an offer. There’s absolutely no commitment to accept an offer.
Cardpool is an online gift card marketplace where you can sell or purchase gift cards. It buys gift cards directly from sellers and then sells them directly to buyers, so there’s no user-to-user interaction. For sellers, Cardpool offers up to 92 percent of your card’s value; for buyers, it offers discounts of up to 35 percent.
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.
If you don’t want to have the value of your gift card dictated by a reseller, use Raise.com to sell your gift card for cash. You set your own price—think eBay, but without the bidding. WalletHub ranked Raise.com as the second best gift card exchange for sellers, with the average resale value on the site topping $81 for an $100 gift card.
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.
Obtain quotes from each of the websites to determine which site offers the best deal for the gift cards you want to sell or exchange. Make sure to read the websites’ terms and conditions, and learn more about their guarantees, transaction fees, and shipping policies. Gift card exchange websites are an excellent way to sell or trade gift cards from major retailers. If the gift card is for a small, local business, try selling or trading the gift card on Craigslist or eBay Classifieds instead.
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.
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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.
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.
This is a great question. E-Gift cards stand for electronic gift cards. This means you won’t have a physical gift card when you buy an E-Gift card. Instead you will typically be emailed an E-Gift card number or bar code when you purchase from sites like Zeek, Amazon or cardpool. If you have ever looked at a traditional physical gift card, you have probably noticed the string of numbers. These numbers are the exact same as the numbers you will get for your E-Gift card. Advancements in technology have just made it so that we can step away from being forced to have a physical card to swipe.
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.
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.
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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.
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.
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.
Gift card exchanges tend to offer lower resale values immediately after the holidays, warns Romanelli. “There is so much supply coming into the market that many cards don’t sell for as high as they might in the summer,” he says. He notes that some people hold on to their gift cards for an extra month or so, in order to earn a few percentage points more in returns.
why is it so hard to find merchants that accept Amazon?? I received a $25 card for my BD and cannot find any thing I can buy with it that is that amount….no one accepts it….what can I do to get rid of it or exchange it
Taking surveys in your spare time can be a great way to earn some extra dough fast. Check out Survey Junkie which will pay you instantly with cash via Paypal. They have over 6,000,000 members and they have an 8.9/10 rating on Trust Pilot.
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.
When you only have physical gift cards to sell, you can also look at CardKangaroo; they don’t accept digital gift cards. If you like CardKangaroo’s offer, you mail your gift cards for free and they typically send your payment within 48 hours. CardKangaroo also lets you trade your unwanted gift cards too.
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.
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.
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 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.