Unlocking the cash value of your gift cards can be a game-changer for those who have a collection of unused cards. With the right strategy, trading them for money can be a simple and straightforward process. In this guide, we’ll explore various options for turning your gift cards into cash, sharing insights and tips from users who have successfully navigated the process. Whether you’re looking to declutter your wallet or put some extra cash in your pocket, this guide will equip you with the knowledge to unlock the full value of your gift cards.
1. What is gift card trading?
Gift card trading is the process of exchanging unwanted or unused gift cards for cash or other gift cards of equal value.
2. How can you trade gift cards for money?
You can trade gift cards for money by selling them online through various gift card exchange websites or through social media platforms.
3. What are the benefits of trading gift cards for money?
The benefits of trading gift cards for money include getting rid of unwanted gift cards, receiving cash or other gift cards of equal value, and having more flexibility in how you use your gift card funds.
4. Are there any risks associated with gift card trading?
Yes, there are risks associated with gift card trading, such as scams, fraudulent buyers or sellers, and the possibility of receiving less than the full value of your gift card.
5. How can you protect yourself while trading gift cards for money?
To protect yourself while trading gift cards for money, make sure to use reputable gift card exchange websites or social media platforms, only trade with trusted buyers or sellers, and always verify the balance of your gift card before completing a transaction.
1. By trading your gift cards for cash, you can unlock their full value and use the money for whatever you want.
2. Trading gift cards is a quick and easy process that can help you get the most out of your unwanted or unused gift cards.
3. With various online platforms and marketplaces available, you can easily find a buyer for your gift cards and receive cash in return.
4. In addition to the financial benefits, trading gift cards can also help you declutter your wallet and simplify your life.
5. Overall, trading gift cards for cash is a smart and practical way to make the most of your gift cards and turn them into real money.
But will you? About 6 percent of all gift cards are never used, according to Anduro Marketing. Rather than losing money, why not sell the card? The market has greatly consolidated in the last year. Most gift card websites now focus on selling cards at a discount or buying in bulk. The two main sites that still buy unwanted gift cards from individuals are Raise and Cardpool and they have very different business models. Cardpool buys cards directly from consumers. Raise lets you list the cards you want to sell on their marketplace. Founded in , Cardpool buys physical and e-gift cards from about major retailers, including clothing and department stores, movie theatres, jewelry and electronics stores, restaurants, pet and auto parts stores, and supermarkets. The process is simple and quick. Just enter the brand, card code and balance. Once that information is verified, Cardpool will make you an offer. There are two payment options Amazon eGift card or a check in the mail. In the next few months, the company plans to offer a few other payment options, such as Venmo, PayPal and Western Union. Cardpool CEO Jones pointed out that the company received some bad reviews last year. The site now has new management, he noted. Raise is a marketplace for selling gift cards. It accepts listings for thousands of major brands for free. You get to set the price. If the card sells, Raise collects the money from the buyer, deducts a 15 percent fee and forwards the balance via check, PayPal Funds or ACH direct deposit. Since Raise acts as the middleman in the transaction, neither the seller nor the buyer should worry about fraud. How much of a discount do you need to offer to get that card to sell? Raise can help you with that. If you want your card to sell in a couple of hours, you might want to be more aggressive with your discount. Otherwise, you could get burned. Remember A thief can drain the money stored on a card even if you have the piece of plastic in your possession if they trick you into giving them the number on that card. Want more tips like these? Sign up for our newsletter and follow us on Facebook , Twitter and Instagram. IE 11 is not supported. For an optimal experience visit our site on another browser. Better Logo. Share this . NBC News Logo. Follow better. Search Search. By Herb Weisbaum. How to tackle post-holiday bills Jan. Good Cents Holiday credit card bills rolling in? Here are 3 things you can do to pay them off. Herb Weisbaum.
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