If you wish to sell gift cards online, look for resale sites that will purchase them at close to their actual value. In addition, it is recommended that you compare offer prices from several sites in order to obtain the best price.
You will be able to list your gift card in front of thousands of buyers participating in the marketplace. In order to sell gift cards quickly, set the price between 2% and 15% below the original value. Your asking price may need to be adjusted depending on how popular your gift cards are.
Best Places to Sell Gift Cards
There are times when people just miss the mark when it comes to giving gifts, regardless of whether they’re in poor taste or completely naive.
Many of the well-intentioned Christmas, graduation, or birthday gifts we have received could have been replaced with our favorite plastic currency unless explicit instructions were provided. The opportunity to exchange new or used gift cards for free cold hard cash is especially appealing now that there are options to do so.
If you are not going to be near a Starbucks, Costco, or Target in the near future, and Walmart isn’t your cup of tea these days, you can instantly turn your digital dollars into dollars by selling your gift cards online.
Several places are willing to buy gift cards, both online and in person.
Do you have any unused gift cards? Don’t worry, we’ve got you covered.
The following article provides a list of places where you can sell unused gift cards.
Best Places to Sell Gift Cards Online with The Highest Payouts
You should be concerned only with getting top dollar for your gift cards if you are anything like the rest. Gift card exchanges charge a selling fee or take a certain cut; this is to be expected.
You should strive to get as close to $25 deposited directly into your PayPal account as possible when selling your $25 Amazon gift card on any particular website. Therefore, these apps and websites are the best for exchanging gift cards.
CardCash
Probably one of the most accessible gift card exchanges you’ll ever come across, you’ll be hard-pressed to find a better place to exchange your gift cards for cash anywhere else on the internet. CardCash will display an instant offer for your card if you enter the store and balance using their quote tool.
Most often, quotes will range from 80% to 85% of the card’s actual cash value, but there are also offers that can reach as high as 92%. Payment can be received by mail, ACH (direct deposit), or PayPal Express, which is one of its user’s favorite payment methods.
- With over 1,300 retailers to choose from, you can sell cards.
- Trade gift cards for up to an 11% value boost (for example, swap Walmart gift cards for Target gift cards).
- Refer a friend to the program and receive $5. Earn $5 for every person you refer to CardCash (they will also receive $5).
- Would you like to make an online purchase? Shop online and save up to 34% on gift cards at one of the most popular discount gift card vendors.
Raise
This is one of the most well-known companies in the gift card space. One feature that sets Raise apart from many of its competitors is that they offer the ability to sell partially used gift cards.
The good news is that you can still sell the remaining balance of the card even if you have already spent some money on it. There is one big pro, however, to Raise: no immediate cash offer is one of the biggest disadvantages of the service.
Raise facilitates the sale of gift cards from one person to another, unlike CardCash. A buyer will come along and purchase your card at the newly discounted price if you offer a small discount on it – say 1 or 2% – after which you will hand them over your card to them.
You will be able to sell your card faster if you offer a larger discount. Additionally, you can also make payments by check, ACH direct deposit, or PayPal cash.
- There are nearly 1,000 retailers where you can buy and sell gift cards.
- As part of your offer, Raise takes a flat 15% commission on the sale of gift cards (in addition to the discount you are offering).
- Become a referral and earn $5 for every referral you make.
- The most popular direct sale gift card website in the world.
- There is an app version available (Raise Mobile).
GiftCash
It is true that GiftCash only allows you to sell gift cards to a much smaller list of 150 retailers (though still all the big ones), but it does so with the benefit of two unique features that none of its competitors can match.
As a starting point, they offer an industry-leading payout of 93% on some of the top retailers in the industry.
As a second option, you can convert your cash balance into a cryptocurrency. It is true that they require a minimum balance of $25 for any card sold, and there are some brands that require a minimum value of $100 for a card.
Whether you’re looking for a totally private transaction from start to finish, all while receiving the maximum amount of cash for your hard-earned gift cards, GiftCash is the best option for you.
- There is a 5 to 15-business-day turnaround time for payouts.
- This service is only available in the United States and Canada.
- There are up to 93% cash offers available at major retailers.
- The ability to withdraw funds in crypto (BTC, BCH, ETH, or USDT) is also available.
- Get up to 7% GiftCash (cashback) back on your gift card purchases so you can get free gift cards in the future.
Where to Sell Gift Cards for Cash (Runner-Ups)
As long as we stick to the three winners we have listed on our list, there is no need to deviate from them. If you do that, you are more likely to fall victim to one of the many gift card scams that are centered around gift cards. There are a few other legit apps and websites where you can trade gift cards for cash if your browser is acting up, if you really want to do your due diligence, or if you are hoping that a different gift card exchange has a hidden better deal, then we have gathered a few other apps and websites where you can trade gift cards for cash.
ClipKard
There are also over 100 retailers around the world who accept physical gift cards through ClipKard if you would prefer to do everything offline.
Despite the snail mail route, everything works very easily as long as you follow the instructions. With ClipKard, you simply mail the physical card by using the pre-paid USPS label, and within one to seven business days after balance verification, you will receive either a PayPal deposit or a check in the mail.
While the payouts tend to be lower than their competitors, often in the 70 to 80% cash value range, they are a good option if you’re not sure about entering your gift card number and PIN on an online platform.
CardSell
It is true that simplicity is one of the most important things in life, and the CardSell mobile app delivers exactly that to its users.
As the platform does not have a desktop presence, you will only be able to access it with a mobile or smart device, however, the cash offers are semi-competitive, and payouts are applied to your PayPal account within 48 hours or less after an offer is submitted.
The payouts are normally around 50% to 75% of the total value of the card, so it won’t be the highest paying place to sell gift cards online, but if you’re trying to unload the cards as quickly as possible, this is one of the most convenient options for doing so.
It is important to note that you shouldn’t accept the first offer that CardSell presents to you.
You will be prompted to resubmit the card in order to get a +10% payout bonus if you decline the initial offer.
In essence, they are lowballing, but this is a simple hack that can be used immediately to get a higher price.
Comparison Of the Top Gift Card Exchanges
Fees that are hidden or even totally transparent can add up over time. At the time of writing, here’s how much a $25 gift card is likely to be worth (at the time of writing) at each gift card exchange.
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How to Get Rid of Unwanted Gift Cards
It is important to remember that exchanges aren’t the only way to get rid of or even get top dollar for your new or unused gift cards, despite their ease of use. There are several options to consider when it comes to donating, regifting, or returning gift cards.
Donate
As a near-cash equivalent, many charities would be delighted to be able to oversee the expenditure of your new or even used gift card codes and balances in the form of charitable donations. Please be sure that you ask participating charities for the appropriate paperwork if you are considering making a donation that may be tax deductible. The following are some reputable organizations that you might want to take a look at:
- GiftCards4Change
- St. Jude Children’s Research Hospital
- Special Kids Fund
- Kars4Kids
Regift
There isn’t a lot to say here in terms of re-gifting. You may be sitting on a $10 worth of Starbucks gift card you will never use because you don’t care about fried brown water as much as you should. If this is the case, give it away as soon as possible. There are no dollars left in your wallet, and you can be sure that the caffeine-addicted friend in your life has never felt happier.
Return Them
One of the most surprising methods for getting rid of your gift card is to return it to the retailer. This can be done as long as you provide the retailer with a copy of your receipt.
There are some places, like Amazon and Shopify, that allow you to convert your gift card into cash as if it were any other payment method, so long as you have a receipt and you have returned any items that were purchased with the gift card, even if it isn’t very common.
Depending on the retailer, the return policy will vary, so you will have to check the fine print to see if your return will be accepted, before making a return.
Choosing A Place to Trade Gift Cards for Cash
There is no rocket science involved in selling gift cards online for cash. There is no doubt that safety and helping you get the most money for your card are our top priorities when it comes down to it.
In order to be able to get the most money for your unwanted CVS and Walgreens gift cards, you need to make sure you get the best price. When you have a few minutes to spare, open each site in a new tab on your browser and see which one offers the most bang for your plastic money. If you are flexible and willing to wait, always lean towards the option that offers the highest pay.
When it comes to getting instant cash payouts, places like CardCash and GiftCash are better suited to meet your needs.
Frequently Asked Questions
Is it possible to sell gift cards online instantly?
There are a number of gift card exchanges that offer instant cash offers with withdrawals available within 24 hours or less to popular e-wallets, such as PayPal.
What is the best place to sell gift cards for PayPal cash?
It is common for reputable gift card exchanges to offer withdrawals through a variety of payment methods, including PayPal. PayPal is a cashout method offered by several exchanges, including GiftCash, Raise, CardCash, KlipCard, and CardSell.
Is it legal to resell gift cards?
Yes, of course. Reselling gift cards is not prohibited by law, regardless of whether the resale value is higher or lower than the original value. Retailers are prohibited from issuing gift cards under certain laws.
Is it possible to redeem a low-balance gift card for cash?
Some states allow consumers to redeem low-balance cards – usually between $5 and $10 – for their cash value at the retailer that issued the card. It is not necessary to use a gift card exchange that charges a fee. For more information, please refer to your state’s laws.
Can I sell gift cards on eBay safely?
The policy of eBay permits the sale of gift cards up to a value of $500. Nevertheless, eBay charges listing and final value fees that reduce your payout. When selling gift cards online, you can expect a reduction in the face value in addition to these fees.
