8 Best Websites To Exchange Gift Cards For Cash
One of the uniqueness of the internet these days is that fact that you can sell just about anything online, even at the comfort of your home. Gift Cards are some of the things you can sell online to make quick cash.
Giftcards are monetary. It is a medium of exchange, with limitation. The limitation which is that, it can only be used to make purchases on the brand, or store after which it’s named or owned it.
For instance, the limitation of Amazon gift card is that it can’t be used to purchase a product on walmart store. Unless, walmart accept it.
To make the transaction easy, There are lot of dedicated businesses or websites, designed for the sole purpose of trading giftcard, better put, buying and selling gift cards online.
You cannot only sell your gift cards on these online platforms, you can equally, exchange them into other gift cards of cryptocurrencies.
Although using these sites has some disadvantages, such as the cost typically associated with the exchange and the fact that you won’t receive the entire value of the gift card in cash, it is still preferable than the gift card sitting around unused.
If you know you won’t use the gift card at all, the majority of websites offer between 80 and 85% of its value, which is still a reasonable return for you.
Some examples of gift cards that can be sold or exchanged online are: Amzon gift card, Walmart gift card,Sephora gift card, Starbucks gift card, Playstation gift card, Apple and Itunes gift card, Visa gift card, Hellow fresh giftcard, Rakuten gift card and a host of others.
Do you know that “buying and selling gift card is one of the unique ways to make extra cash online“. In fact, it is a means to an end for some people. Which means just anybody can build a business around it.
How you want to get paid is one of the most crucial things to think about before selling your gift cards. Are you looking forward to receiving money right now through PayPal or direct deposit? Or perhaps you prefer receiving a paper check in the mail.
For sellers, it is a good thing that there are several ways to get paid for a trade. You may receive payment when you sell your Amazon gift card in the following ways:
- Direct bank deposits
- PayPal
- Checks
- Cryptocurrency
- Exchange into other cards etc.
The method of payment will usually be determined by the platform you use to sell the gift card.
Just in case you received an Amazon or iTunes gift card as a birthday present from a friend recently, or you won a gift card in a sweepstakes but would like cash instead. There are lots of fascinating websites where you may find gift card sellers online.
You can trade in your gift card for some entertaining cash. You will get the money you need to spend as you choose, but you will have to sell the gift card for less.
Want to exchange your gift cards to cryptocurrency? Check out COINCOLA. It is a great website for that.
READ ALSO: 8 Unique online market place to buy and sell online business.
This article provides you with the top 7 websites where you can buy and sell Gift card for cash, and how to buy gift cards online.
1. RAISE Gift Card Exchange Platform
If you want to sell your gift cards from stores like Amazon, Walmart, iTunes, and other online retailers, Raise is a unique gift card exchange platform to use.
You can put your gift cards up for sale on Raise at any price above their balance while you wait for a buyer. Following that, you can choose to get paid via PayPal or direct deposit.
You are charged a 15% transaction fee by the seller.
Instead of selling gift cards for money, this service also gives customers the option to trade gift cards with one another.
Physically delivered gift cards are subject to a $2.75 cost, while electronic gift card codes are subject to a $0.25 fee.
The free smartphone app has a similar vibe and is just as simple to use. The shopper guarantee is one feature of this exchange website that we truly appreciated.
If you’ve been waiting for a physical card to arrive, it has the wrong balance, or it’s just not the card you requested, Raise will reimburse your purchase price for a full year after the day you buy a gift card.
2. CARDCASH Gift Card Platform
One of the top websites for selling gift cards online is CardCash. It offers a wide variety of quality gift cards.
Payment options include direct deposit, PayPal, and checks. Before offering their gift cards for sale on CardCash, sellers must prove their identification.
You can earn up to 92% of the value of the gift card by trading it for merchandise from other brands.
The reality of CardCash is frequently disappointing with often less than a percentage off full retail price, which really isn’t worth the hassle despite the fact that it provides “up to” very large savings on vouchers for big shops. However, there is a welcome 45-day guarantee on all purchases if you can locate a good offer.
PROS: User-friendly app, Fast payout, Option to trade your unwanted card.
CONS: You need to verify your identity before selling gift cards.
Read Also: Get free gift cards from mobile Apps. You can accept gift cards as payment from this 25 mobile apps to make money online and from your phone.
3. BUYBACKWORLD
Do you know about BuybackWorld? This is a trustworthy website that also buys unused or unwanted Amazon gift cards.
It generates a quick cash quote once you enter the balance on your card. You’ll move through with the sale if you accept the quote.
The advantage of using BuybackWorld is that they provide a variety of payment options, including PayPal, shop credit, checks, debit cards, and direct deposits.
However, you’ll only get a portion of what you paid for (say, $70 for a $100 gift card).
On Buybackworld, you can get up to 85% of the value of the gift card. You have the option of getting paid by check, PayPal, or even by exchanging for shop credit. On Buybackworld, you may sell digital gift cards by entering the code and balance online.
However, you might have more results if you want to sell your gift card. If you want to sell your gift card for as much money as you can, CardCash is an excellent option because their prices are greater than those of the majority of rivals. You can receive this money more quickly than most other gift card exchange businesses thanks to the possibility of PayPal and direct debit payments.
Pros: You can be paid by cheque, PayPal, or shop credit. Additionally, by inputting the code and balance online, you can sell electronic gift cards instantly.
Cons: Your earnings are limited to 85% of the value of the gift card.
4. GIFTCARDGRANNY
You may sell your physical or digital gift cards on this website for cash with options for direct deposit, PayPal, or check payments.
On the website, sellers can exchange their cards for various brands. A 9% commission is charged.
Gift Card Granny has a good selection accessible, even though this comes in a different form from many of its competitors, with a free app that can be used on the move and a ton of gift card alternatives from dozens of exchange websites and even more merchants. This is a nice alternative with the ability to personalize eGifts for sending to loved ones if the cashback option appeals to you.
While Gift Card Granny publishes a ton of helpful, information and lists a ton of gift cards that can be purchased, one major drawback is that it doesn’t provide you the option to sell your gift card. This isn’t the website for you if that’s what you’re looking for. Giftcard Granny was one of the most comprehensive websites we looked at, with discounts for over 1300 brands.
PROS: BBB accredited with an impressive A rating+Save money on every purchase with cashback
CONS: It won’t buy your gift card
5. GAMEFLIP
GameFlip, is a well-known online gift card marketplace. Sellers offer their cards on GameFlip for free in exchange for a small commission on each sale. Your GameFlip wallet receives the money, which you may then withdraw to a bank account or PayPal account.
Gameflip is not your typical app for giving and buying. It solely sells gift cards for video games like Xbox, Playstation, Nintendo, or Steam. On Gameflip, you can make up to 93% of the gift card’s value and get paid via PayPal.
Pros: You can get paid through PayPal and earn up to 93% of the gift card’s value.
Cons: Majorly for selling game-related giftcards
6. GIFTCARD SPREAD
Gift Card Spread offers a wide selection of gift cards at some of the biggest discounts we’ve ever seen, with savings of up to 31%. It’s simple to utilize this website.
You can search for retailers by price, card type, or a wide range of categories in addition to using the alphabetical list of retailers. Each shop has a save of “up to” a specified amount, similar to other swap services. After that, click to view your selections.
The selling of your card is just too difficult to be worth the trouble, and there isn’t an app available that penalizes Gift Card Spread in comparison to rivals like CardCash.
This is the place to buy cards if you want to, but anyone looking to trade or sell cards should absolutely think about their other choices.
PROS: Simple website, easy to navigate +Some of the best deals we’ve seen
CONS: A laborious card sale. Poor BBB rating and a history of negative reviews
7. EBAY
Due to the large number of customers on the site, eBay is one of the greatest locations to sell Amazon gift cards. You might even be able to sell the card for its full worth.
Even though you still have to pay eBay their 10% commission, if buyers engage in a bidding war, you can make a sizable profit.
Due to its enormous visitor volume, eBay is rated well for gift card sales. Instead of waiting for auction-style bidding to end, you may add the “Buy it Now” option to your listing and price your card for less than its actual value.
8. Cryptocurrency Selling Platforms
Want to exchange your gift cards for cryptocurrency rather than cash? Another option is to use an online trading platform to convert it to bitcoin.
In essence, you can list your gift card on a site for peer-to-peer trading like CoinCola. You’ll get paid in a cryptocurrency like bitcoin from interested purchasers.
Conclusion / Recommendations
Let me conclude by saying the gift card buying and selling is not limited to the above choice exchange platforms, there are several others you can try out. In fact, Facebook marketplace is yet another platform where you can buy and sell your gift cards.
Websites to buy and sell gift cards FAQ
What are gift cards?
According to investopedia, a gift card is a means of exchange to make purchases at restaurants, gas stations, retail stores, and other establishments. The gift card is loaded with money that you or the receiver can use at places that accept it. You can get closed-loop or open-loop gift cards.
How do I sell gift cards for cash?
You can sell gift cards on Raise, CardCash, Buybackworld etc. All you have to do is to register on these platforms and get paid through your verified PayPal or other means. While, you can sell it directly at your own rate by listing it on websites like eBay, Facebook marketplace, Craigslist etc.
Can I Exchange Gift Cards to Cryptocurrency?
Yes you can change your gift cards to cryptocurrency. If Bitcoin or other cryptocurrency are what you want, then you can change your gift cards to them at marketplace like CoinCola.
Can I Exchange Gift Cards to other gift cards?
Yes, you can exchange your gift card to other gift cards in some of the platforms listed above.
How do I get Free gift cards?
There are many ways of getting free gift cards among them is through Online Surveys on websites like survey junkie, entering into contests, doing micro tasks online etc.
Can I use gift cards everywhere?
No, gift cards can only be used at the businesses or stores that are designated on them. However, there are multi-store cards, which often specify every store you can use the card at, are obviously an exception to this rule. Another exception is Visa prepaid cards, which can be used anywhere in place of cash, a debit card, or a credit card.
How do I know if my gift card has expired?
You can check the balance of your gift card by going to the retailer’s website and doing so. You can contact customer care or go to the store in person if you’re still having problems calculating your amount.