5 Best Ways To Sell Gift Cards Online
The classic gift card is more than just a gift from someone who doesn’t know what to get you, but also can be the gift that keeps on giving. If you have a gift card for a store or restaurant that doesn’t particularly interest you, trade it in for cash. It’s easy to sell your unwanted gift cards for money or trade them in for cards that you really want.
Many legitimate websites will pay you for gift cards — no matter what the balance is. Check out this list of some of the most popular sites for turning your gift cards into cash so you can get the gift that’s right for you.
See: 3 Easy Tips to Turn Your Credit Woes into Wows
How To Sell Your Gift Cards
Each of the options listed below has its own process for selling your cards. Review the different fees and payment options to decide which method is best for your situation. Here are the five best places to sell your gift cards.
CardCash
Raise
GiftCash
Prepaid2Cash
ClipKard
1. CardCash
CardCash makes getting a quote easy. First, select the store or restaurant and then provide the value of the gift card. CardCash gives you an immediate quote. If you’re happy with the offer, follow the steps to complete your transaction.
You’ll have to provide a valid credit card to sell. CardCash will issue a $1 charge to your card to ensure it’s active, but the pending transaction will clear within a couple of business days. Other important notes about CardCash’s buying process are listed below:
You can receive up to 92% of your card’s value.
Payments are issued in one to two business days.
The company doesn’t accept gift cards with expiration dates.
In some cases, you have to mail in the physical gift card.
Payment options include:
Check by mail
ACH transfer
Trade for another gift card brand
2. Raise
Raise works a little differently. You list your own gift cards for sale on its website and get paid once the gift cards sell. Select the brand of your card and input its value, and then set your asking price. Once the card sells, Raise helps facilitate the transaction.
While it’s free to list cards, Raise charges fees for using the service:
15% commission from the selling price
The greater of $2.75 or 1% of a card’s value for physical gift cards that need to be mailed
Raise pays you for gift cards using:
Check by mail
ACH transfer
3. GiftCash
While GiftCash accepts gift cards from a smaller number of merchants, its payout is up to 93% of the value of your card. Sell gift cards with balances ranging from $25 to $2,500. More popular store brands receive higher payouts. Once you sell your card to GiftCash, you’ll receive a PayPal payment within 48 hours.
If you plan to sell more than $2,000 worth of gift cards in a month, contact the company about selling cards in bulk versus one at a time.
4. Prepaid2Cash
This service is designed for selling prepaid gift cards that have the Visa, Mastercard or American Express logos. It also accepts store and restaurant cards for more than 100 brands. You have to download the app and create an account to sell your card.
Choose between an instant payment or next business day payment.
Instant payments incur a 15% processing fee plus a $1.50 delivery fee.
Next business day payments have a 7.5% processing fee plus a $1.50 delivery fee.
5. ClipKard
ClipKard accepts gift cards from several retailers and restaurants. Once you enter the information of the gift card you are trying to sell, ClipKard will estimation of what money you will get for it. If you are happy with their offer you simply follow the instructions and prompts for the next steps to take.
Add card
Get offer
Mail gift card
Receive payment
Get rewards
For example, if you were trying to sell a $20 Target gift card you would enter the following:
Add card: $20 Target
ClipKard Offer: $13.86
Reward points: 14
If you are satisfied with receiving $13.86 for your $20 gift card, you would then just accept and mail it in to get your payment.
ClipKard stands out for its rewards system — each purchase or sale you make earns you a point for every dollar, and once you have 1,000 points, you can use them for $10 off a purchase.
Final Tips
Selling your gift cards isn’t going to net you their full value, so here are some tips to get the most out of them.
Be sure to read all of the fine print before agreeing to any transaction.
Know what you are agreeing to and what your responsibility is for completing the transaction.
As many of these companies will let you know what they are offering for your gift card before you commit to selling it, shop around a bit to see if some companies are offering more than others.
FAQ
Here are the answers to some common questions about selling gift cards.
How can I sell gift cards for instant cash?
Some companies, like as Prepaid2Cash, offer instant payment. However, you will incur a 15% processing fee plus a $1.50 delivery fee.
Other companies, such as CardCash or GiftCash, can take one to two business days.
Where can I sell my gift cards for the most money?
To get the most value for your gift cards, shop around and check offers from several companies. Those that buy gift cards usually do so at a percentage of the value of a card, as well as possibly charging fees. These costs vary depending on not only the company but also the demand for the card you are selling.
Companies such as CardCash, GiftCash, Prepaid2Cash or ClipKard will present an offer for the card you are selling upfront, so you know what you are getting before you commit to the sale.
How can I sell gift cards?
Many companies allow you to sell back your gift cards to them for cash. The following companies offer ways to get some money back for your unwanted gift cards:
– CardCash
– Raise
– GiftCash
– Prepaid2Cash
– ClipKard
How much will Coinstar pay for gift cards?
The Coinstar gift card exchange rate is up to 85% of the gift card value. In order to use Coinstar for gift card exchange, there must be at least $20 on the card.
Caitlyn Moorhead contributed to the reporting for this article.
This article originally appeared on GOBankingRates.com: 5 Best Ways To Sell Gift Cards Online
