Are you looking to exchange your gift cards for cash or other gift cards? You can’t let your unused gift card go to waste with this update. It’s easy to sell or trade it in because we have made it that simple! Get a big percentage of the value back or use it at a discounted price. It’s as simple as you are about to find out here!
Overview of a Gift Card and How it Works
A gift card is a type of prepaid debit card loaded with funds for future use. Gift cards are a form of prepaid debit cards loaded with funds for future use.
Generally, there are two types of gift cards which include open-loop and closed-loop cards. Both types can typically be used online and in person.
Many gift cards will have a minimum and maximum initial loading amount. A common minimum is $10, and a common maximum is $500.
In some situations, they can be used to pay for a portion of a purchase with cash, debit, or credit used to balance the expense.
As a precaution to mitigate the risk of losses, many gift cards can also be registered online—a procedure that allows the remaining balance to be tracked and frozen if a card is lost.
In this way, some gift cards are safer than cash. Gift card exchange for cash is a great way to raise money.
The best gift card exchange sites will buy gift cards from you for cash and it will be worth it.
What Gift Card Exchange Actually Entails
As we all know, a gift card exchange is an online marketplace that brings together buyers and sellers of gift cards.
This means that sellers are allowed to set up accounts to handle multiple card sales, while buyers spend time browsing among the available gift cards and selecting the ones they want.
Best of all, the average discounts for buyers range from 3 to more than 6 percent among the largest gift card exchanges.
Conversely, sellers can receive up to 95 percent of card value when selling on an exchange. It’s a win-win proposition, but it pays to look for the best exchanges and the best deals.
In most cases, sellers will sell cards directly to the exchange, and buyers will buy cards directly from the exchange.
At raise.com and some P2P marketplaces, the exchange is strictly an intermediary where buyers will buy directly from sellers.
Where to Sell Gift Cards Online
Selling your gift cards in person might feel safer and quicker than selling them online, but it’s certainly not as convenient as the latter. If you’d rather go with the online option, don’t worry you have tons of websites to choose from.
One platform to sell your gift card online is ClipKard. You can only sell physical gift cards, and you’ll need to enter the gift card number (though not the PIN number) to obtain your offer. If you’re satisfied with it, you can accept, ship the gift card off, and get paid!
Additionally, whether you’re selling or buying gift cards on ClipKard, you’ll earn rewards points that you can utilize for a discount on gift card purchases in the future.
With GiftCash, you can obtain up to 94% of the card’s original value, depending on the brand.
You just input the brand and the amount on the card, obtain an offer, and accept or reject it. If you decide to accept, there are plenty of different cashout options to choose from, even crypto.
With Raise, you can trade both physical and e-gift cards. You get to set the price and market your gift card directly to another buyer, and there are no listing fees, but when the card sells, Raise takes a 15% commission.
You can trade partially used gift cards as well, though there’s a minimum balance limit for those — $10 for a physical card, and $5 for an e-gift card.
By trading your gift card through CardCash, you can get up to 92% of the card’s value, though the actual amount will depend on the brand of the card itself.
If you’re not satisfied with the offer you get, you can also choose to trade your gift card for a gift card from a different retailer. You still won’t get 100% of the value, but you’ll get a higher value than you would by just trading it.
GameFlip is a website for gamers to buy and sell gift cards (and other things as well). It prides itself on being at the top of the list when it comes to safety and preventing cons.
Similar to Raise, you can list your gift card yourself and select the price, and they’ll take a small cut once it sells.
Unfortunately, unlike most of the other alternatives on this list, GameFlip doesn’t offer the ability to cash out via PayPal. Rather, you’ll have to use Wise, Payoneer, or Skrill — or cash out in Bitcoin, if you’re into cryptocurrency.
Reddit Gift Card Exchange
At first glance, directly trading with someone who’s completely unknown might sound unsafe. And of course, there are always people trying to get free gift cards and run without paying for them.
That said, this particular subreddit has strict rules and conditions in place, as well as a reputation system so you know the person you’re selling to is trustworthy.
Essentially, as long as you’re careful and do your research on someone before handing over the code to your gift card, you should be okay.
There are very few individuals who haven’t heard of eBay — it’s one of the most popular e-commerce platforms that exists.
Luckily, it’s also a wonderful place to sell gift cards. It’s simple enough to list, and you can list up to 250 items per month for free. That said, eBay does take a cut of the final sale price, so be sure to keep that in mind.
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Where to Sell Gift Cards Near You
If you’ve been wondering what store buys gift cards for cash, we offer you a free breakdown of how to sell your gift cards for money.
Here are some top Kiosks for the Exchange of Gift Cards as you would later find out to be true.
Raise Gift Card Exchange Kiosk
Raise is seen as the overall best gift card exchange kiosk in the United States to sell your gift card for the money.
They are swift and efficient; among all the nearest gift card exchange kiosks in the US, they give the best rate for your card. Raise is user-friendly, highly responsive, and informative. Their site layout is top-notch.
Gift Card Spread Kiosk
Gift Card Spread has a large variety of gift cards on offer for impressive discounts of up to 31% – some of the best we’ve seen.
This website is easy to use. Retailers are listed alphabetically but you can also search by price, card type, or a multitude of categories.
Like other exchange websites, each retailer has a saving of ‘up to’ a certain amount. You can then click to see what your options are.
However, there isn’t an app on offer that penalizes Gift Card Spread when compared to competitors such as CardCash, and the process of selling your card is far too complicated to be worth the hassle.
If you’re looking to buy cards this is the place to do it, but anyone seeking to exchange or sell should definitely consider other options.
CardCash Gift Card Exchange Kiosk
Here is another cool gift card exchange kiosk near me. There are many gift cards you can buy or exchange for cash.
CardCash is the best option for sellers. It offers enormous discounts on vouchers for big retailers.
Their rate is often higher than other gift card exchange kiosks. They have a well-structured app that is user-friendly. Their payout time is fast and smooth.
CardCash also offers users different payment options like PayPal and direct debit payments. This implies that you can get your payment within days, which is more efficient and faster than some other exchange kiosks.
They have been in business since 2010. They give maximum value for your gift cards.
Gift Card Granny Kiosk
With a free app to use on the go and lots of gift card options from dozens of exchange websites and even more retailers, Gift Card Granny has a good selection available, even if this comes in a different form from many of its competitors.
If the cashback option appeals to you, this is a good option with the ability to customize eGifts for sending to loved ones.
A big downside with Gift Card Granny is that, whilst it posts lots of useful, informative content and has many gift cards listed available to buy, it doesn’t offer you the chance to sell your gift card.
If that’s what you’re after, this isn’t the site for you. However, Giftcard Granny had offers for over 1300 brands, making it one of the most comprehensive sites we looked at.
Gift Card Bin Store Locator Kiosk
While Gift Card Bin does have a website, that website lists over 600 physical sites across the US where you can bring your gift card to exchange it.
Additionally, you can utilize the website to check the ‘buy’ section for your gift card brand, to make sure they’ll accept it. That said, they take over 700 different merchants, so it’s very unlikely there will be a problem.
Something that you might not initially think of that seems obvious in hindsight is the notion of checking Google Maps for a nearby kiosk.
You can simply search for a term such as “sell my gift card” and Google Maps will list any available kiosks near you. Pick a kiosk, bring your gift card there, and get that money!
Target sells gift cards, of course, but did you know they purchase them as well? You can bring your gift card to the electronics section of your local Target, and they’ll present you with an offer that you can either accept or refuse.
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In case you have any unused gift cards lying around, be sure to stop by any of the above gift card exchange kiosks!
You can secure a good chunk of extra cash back for them, and it’s a much more convenient option than mailing them in or selling them online. Good luck!