Gift cards can be wonderful gifts from friends and families, but sometimes they’re not really what we want. Gift cards are prepaid debit cards loaded with a specific amount of money that can be used for several purposes. You could use them online, or you could use them in person to get something at the store.
Sometimes we receive them as gifts, but they can be useless because we can’t use them for several reasons. They may not be easily redeemable. Sometimes they are meant for shops we do not patronize, or for some services we don’t use, and sometimes there’s just no way to use them, and you can’t return them either since they are a gift, so you’ve got no choice but to sell them. People sell unused gift cards all the time.
There are several ways to sell your gift cards. You can sell them to friends, you can sell them at the mall, or even at some grocery stores and service centers. But if you don’t want to go through the stress of selling physically, you can always sell gift cards online. In most cases, selling your gift cards to others won’t give you the total value of the gift card, but you’ll get some value selling it off, which would be better than nothing. It depends on where you sell the card, the brand of the card, and how much it is worth.
Some brands sell higher than others. You can get a cashback as high as 93 percent and sometimes as low as 60 percent. You could also be paid cash, a check, or even through PayPal. If you’re wondering what these stores do with your gift cards after they buy them, then it’s pretty simple. They sell gift cards to other people who need them at a higher rate than they bought them from you. It’s how they make their profits. These sales are still lower than the face value, though.
If you are interested in selling your gift cards online, there are a lot of gift card exchange websites where you can sell them at a pretty high price. You always compare the prices on different websites to get the best rates, it’s pretty easy, and all you have to do is look. So here are some of the best places or websites you can sell your gift cards.
8 Places to Sell Gift Cards
Raise is one of the most popular online websites for buying and selling gift cards. It is free and also pretty easy to use. All you have to do is list your cards, and someone who needs it can purchase them. You could receive your payment through PayPal, an online deposit, or even a check. The website also allows you to set your prices and the freedom to adjust them anytime you want. The website offers a variety of brands and categories and doesn’t limit how much you can sell. You could sell gift cards related to clothing, beauty, and brands ranging from Home Depot to Amazon. Raise is one of the few websites that allow users to sell gift cards that have partially been used. You could still sell the balance on Raise even if you’ve spent some money from the card.
It also offers buyer protection with a one-year warranty, which means you could get a refund if you purchase a gift card from the website and it doesn’t work. The website, however, is only available to those that reside in the U.S. Note that Raise gets a 15% commission from your sales. They also offer a referral program where you earn $5 per referral.
CardCash is one of the easiest websites where you can sell gift cards online. All you have to do is log on to the website, go to the store, and use the quote tool to see how much you can get on your card. Sometimes you get your card’s worth around 80%, and sometimes around 85% or 90%. You could receive your payment through direct deposit or PayPal. The website is pretty popular and sells cards from over a thousand retailers, and they also include a swap card offer where you can swap a particular brand of gift card for another brand. Just like Raise, they also offer a $5 referral.
Gameflip is a gift card trading platform popular among gamers. It specializes in selling gift cards associated with gaming platforms like the PlayStation Network, Xbox Live, Steam, and Google Play. They also deal in cards from Amazon and iTunes. You do not have to be a gamer to use the website. You could log on and begin the process. All you have to do is create a profile and go ahead, list your gift card on there, and put in a price. You could also add a discount to make it sell faster.
Gameflip, unlike Raise, does not accept gift cards that have been partially used. They also do not accept gift cards with an expiration date. Your cards also have to have been prepaid. Gameflip gets an 8% commission and a 2% digital fee from each sale. Once a sale is made, the money is added to your Gameflip wallet, which could be withdrawn through PayPal, Payoneer, Skrill, Bitcoin, or even direct transfer.
GiftCash works basically like other websites. You have to log on to the website, create a profile, list your card for sale, and input the price you want to sell. They, however, have a small list of about 150 retailers. Many people use GiftCash because it has several unique features. One is that it provides the means for a private transaction, including payment in cryptocurrencies such as Bitcoin, Ethereum, and USDT. GiftCash is also popular for its 93% cash out on some popular store cards like Target or Costco. So if you use GiftCash, you might have a higher percentage of cashback while maintaining full privacy.
GiftCash, however, only accepts a minimum value of $25 on their cards, while some cards, like iTunes, have a minimum value of $100. Their payout comes with 5 to 15 working days and is only available in the U.S and Canada.
ClipKard is an easy website to use if you prefer to carry out your transactions offline. All you have to do is log on to the website and use their quote tool. They let you know if they’ll accept your card and tell you how much it is worth. If you’re ok with the price, you must send your gift card over to them using a prepaid USPS shipping label. Once your gift card is sold, you’ll receive payment in 1 to 7 business days. You could get a check in the mail or a PayPal deposit.
ClipKard also offers priority shipping which can be faster, but the expense is taken out of your payment. ClipKard provides a really low payout compared to other websites. They pay in the range of 70 to 80 percent cashback. It is a safe method if you do not like the idea of putting your card online.
CardSell is one platform where you can sell your gift cards as quickly as possible. They do not have a desktop site, but you can access the platform through their app or mobile site. All you have to do is log on, create a profile and input your card information. Once your card is verified, all you have to do is wait. Once your card is sold, you’ll get a payout in your PayPal account within 48 hours. While this platform is fast for payouts, it does have a relatively low cashback payment compared to other platforms. They offer a 50% to 70% cashback value.
Most people in a hurry to sell their cards use this platform as it is fast in payouts and pretty reliable.
7. Gift Card Granny
Gift Card Granny despite its funny name, is a pretty reliable platform to sell your gift cards. It has been around since 2009 and is well-established in the gift card sector. The seller offers two options: Sell it Now and Name Your Price.
Using the Sell it Now option, you get an instant offer which, when accepted, your card will be sold instantly, and you’ll receive payment in a few days.
Using the Name Your Price Option, you get the option to fix the price for which you want to sell your card, and you’ll wait for someone to make an offer. This might take some time, but you’ll receive the cash once delivery is complete.
The website also offers a feature where you can sell your cards in bulk. If you’re selling a card from a major brand, you can sell faster as they are in high demand.
QuickcashMI is a company based in Michigan that deals in the sales of gift cards. The website is userfriendly, and one can quickly sell your gift cards on their website for a lesser cashback than the original value.
If you get a gift card that you don’t want to use. You now have options. There are several places where you can sell gift cards online for cash.
Jason Butler is the owner of My Money Chronicles, a website where he discusses personal finance, side hustles, travel, and more. Jason is from Atlanta, Georgia. He graduated from Savannah State University with his BA in Marketing. Jason has been featured in Forbes, Discover, and Investopedia.