Instead of letting unwanted gift cards go to waste, turn them into cash.
Although many of us adore gift cards, occasionally they just fall short. Perhaps you got a gift card to a hardware store but don’t do any DIY, or perhaps you have a lot of fast food gift cards but are trying to eat better. These unused gift cards could languish in a desk drawer for years or they could expire.
On the other side, you can convert your unused gift cards into cash if you’re ready to put in the work. Find out how by reading on.
How to Sell Gift Cards Online
Find resale websites that will purchase gift cards for close to their face value if you want to sell them online, advises Bethany Hollars, a representative for the pricing comparison website BrickSeek. To acquire the best price for your card, she suggests comparing offer pricing from other websites. Don’t forget about sites like eBay and Facebook Marketplace, where you can frequently sell gift cards for just a few dollars below their face value, she advises. “Most of these sites will also let you trade the gift card instead in exchange for a retailer gift card that you will actually use,” she continues.
Marketplaces for the selling of gift cards have undergone significant development. Others have combined with some. Many people have been harmed by fighting fraud, and some have perished in the pandemic. However, the following eight websites and applications allow you to sell unused gift cards online:
With CardCash, you may exchange gift cards for a voucher to a store where you want to shop or sell gift cards. Regarding the selling aspect, the amount you receive for your gift card will differ. For instance, you can anticipate receiving a $20 offer for a $25 Target gift card. Typically, you can only get up to 92% of the value of the card; you’ll never get 100%.
Similar to other gift card selling websites, GiftCash lets you enter the card you wish to sell and its value to get an offer. If the gift card is for a well-known retailer like Target or Best Buy, you’ll often receive the majority of its value, or in the high 80% to low 90% range. GiftCash was paying out 94 percent for a Costco gift card at the time of this writing.
GiftCash will accept cards up to $2,000 in value and has a minimum value of $25. MINT YOUR MONEY!
You determine the price of your gift card with Raise. You can post your card for free, and Raise will receive a 15% commission if someone buys it. Gift cards with partial balances may be sold, but all physical gift cards must have at least $10 remaining on them. An eGift card must have a balance of at least $5. Every gift card balance must be below $2,000 to be valid.
With the help of its quote tool, ClipKard can tell you whether and how much your card is worth. If you accept the price, you’ll use a prepaid USPS postage label to send your gift card to ClipKard. Priority shipping is an option, however the additional cost will be deducted from your refund. Additionally, you will get points whether you buy or sell a gift card here. For instance, you will receive 50 points if you sell or buy gift cards valued at $50. You can exchange 1,000 points for $10 off future purchases after you earn them.
Gamers may buy and sell gift cards among other things on Gameflip. Gift cards are available from retailers including Amazon, Starbucks, Google Play, PlayStation Network, and Xbox Live. To utilize this website, being a gamer is not necessary, however it does assist. To sell or buy a gift card on our site, you must first create a Gameflip profile and then list your gift card along with the asking price. Gameflip will take a part of the listing price, an 8 percent commission, and, if applicable, a 2 percent digital fee in addition to recommending that you discount your gift card by 2 to 15 percent of its value. Your Gameflip wallet will get the proceeds from the sale of your gift card. At that point, you can withdraw it using digital payment systems.
If you’ve never heard of Wise, Payoneer, Skrill or Bitcoin, this is your chance to learn.
The MI stands for Michigan, where the company is based.
QuickcashMI is a pretty easy website to use. It will buy gift cards from a list of brands including JCPenney, IHOP and Amazon.
You enter the gift card’s value to find out how much QuickcashMI will pay. The cost often varies by brand (which is common among gift-card reselling websites). For instance, a $100 Zappos gift card might be worth less than a $100 Amazon gift card.
GiftCardBin’s website no longer allows you to sell gift cards, however you may still see a map by entering your ZIP code. Bring your gift card and a legitimate form of identification to one of its 600 partner stores if one is close to you to exchange your gift card for cash. MINT YOUR MONEY!
With the CardSell app, once you share your gift card information and it’s verified with the retailer, you’ll make the sale and will get cash deposited into your PayPal account within 48 hours.
Regift Your Gift Cards
“If there’s someone in your life who you know would use the gift card, save yourself some money come Christmastime by regifting the card to them,” Hollars says. “This saves you money right off the top by eliminating one entry from your holiday shopping list.”
Donate Gift Cards
Another option is to put your unwanted gift cards toward a good cause. CardCash, for example, will donate them to St. Jude Children’s Research Hospital.
You may also want to check out CharityChoice, which will allow you to turn your gift card into a donation for 1,000 or so charities. It takes 10% of the donation for marketing and administrative costs, but it’s a nonprofit organization, so that may not bother you.
Gift Card Bank is another nonprofit (started during the pandemic) that specializes in taking unwanted gift cards for food and clothing and giving them to people in financial distress. MINT YOUR MONEY!
Can You Return Gift Cards?
Consumers can occasionally return unwanted gift cards to the shops where they were bought and receive a refund, just like with unwanted presents. But as you might anticipate, the reply is frequently “no.”
According to Hollars, “Retailer procedures vary on the return of store gift cards.” You essentially end up with a second gift card because some merchants won’t take their return at all, while others will only offer store credit in their place.
“Some stores, such as Target, will accept gift card returns so long as they are unused and you have the original purchase receipt, which can make for an awkward conversation if you received the gift card as a, well, gift. Your best bet is to read the retailer’s return policy to see if this is a viable option,” she says.