$41 billion in gift cards went unused from 2005 to 2011 m -- about $6 billion a year, according to TowerGroup. Most of these are considered lost or discarded.
But if you're holding gift cards you just don't want, don't ditch them just yet -- you might be able to turn them into cold, hard cash.
Last year, deals site CouponSherpa launched a movement called Gift Card Exchange Day, during which consumers could sell their unwanted or slightly used gift cards for cash.
On the marketplace, people post an ad for their card in the hopes that a gift card reseller will buy it. "On average you could pocket between 75 and 92 percent of the value of your original gift," reports BI's Mandi Woodruff.
By Business Insider