Introduction: Selling a gift card can be an excellent way to declutter your wallet and make some extra cash, especially if you have cards that are not being used or have expiration dates looming. Gift cards are a popular item among consumers who want to treat someone special without the hassle of choosing a physical present. However, there’s more to selling a gift card than just listing it on a platform. Key Points:
Selling Gift Cards Online
Selling gift cards online can be done through various platforms such as Raise, Cardpool, or even social media sites like Facebook Marketplace. These websites and apps allow you to list your unwanted gift cards in exchange for cash. Some popular options include: Raise: A website that specializes in buying and selling gift cards. Cardpool: An app where users can buy, sell, and trade gift cards. Facebook Marketplace: A platform where individuals can buy and sell goods and services locally.
Pricing Your Gift Card
Determining the price of your unwanted gift card is crucial. The general rule is to list it at a lower value than its face value. For example, if you have a $100 gift card from a specific store, you might list it for around $80 on these platforms. Researching prices beforehand will help you set a competitive price and ensure that your card sells quickly.
Gift Card Types to Sell
Not all gift cards are created equal when it comes to selling them online. Certain types are more valuable than others due to their popularity or expiration dates. Some of the most sought-after gift cards include: iTunes gift cards Amazon gift cards Starbucks gift cards These are popular among consumers and tend to have a higher resale value.
Precautions When Selling Gift Cards
While selling gift cards online can be a convenient way to declutter, there are some precautions you should take: Be cautious when sharing personal details on platforms like Facebook Marketplace or using email addresses for communication. Research the platform’s reputation before listing your card and make sure it’s secure for transactions. Understand the fees associated with each platform – they might deduct a portion of your sale price.
Gift Card Resale Websites
If you’re looking to buy gift cards instead of selling them, there are several websites that specialize in reselling: Amazon: Offers a range of gift cards from various retailers. Raise: Sells both new and used gift cards at competitive prices. Cardpool: Allows users to buy or sell both new and used gift cards.
Local Gift Card Resale Options
For those who prefer in-person transactions, there are local options for buying and selling gift cards: Pawn shops: Some pawn shops accept gift cards as payment for goods. Second-hand stores: Many second-hand stores will buy or trade gift cards for cash. Gift card kiosks: Located inside retail stores, these kiosks allow you to buy and sell gift cards.
Gift Card Expiration Dates
Be aware of the expiration dates when selling your gift card. Some retailers have shorter expiration periods than others. Researching the retailer’s policy beforehand will help you determine if you need to list your card for sale before its expiration date.
Purchasing Gift Cards
If you’re in the market for buying a new gift card, consider the following: Gift cards with low balances may have limited usage. Check the balance before purchasing to avoid any inconvenience. Some retailers offer rewards or points when using specific brands of gift cards. Conclusion: Selling a gift card can be a great way to declutter and make some extra cash. By understanding how platforms work, setting competitive prices, and taking necessary precautions, you can successfully sell your unwanted gift cards online. When it comes to buying, do thorough research on the retailer’s policies and ensure that your new gift card is for use at a store where you’re comfortable shopping.