How Do I Turn My Amazon Gift Card into Cash?

Do you want to convert Amazon gift card to cash? Well, thanks to technological wonders and the internet, you may acquire money for your gift card in various methods.

If someone gifted you an Amazon gift card but it’s not your cup of tea, don’t worry! You have options to exchange it for cash through various methods.

This flexibility allows you to choose the method that best suits your preferences and convenience.

Let’s show you ways of selling or converting your Amazon gift cards to cash you can use for several purposes.

Can I Convert My Amazon Gift Card to Cash?

Yes, if you have an Amazon gift card and prefer cash instead, you have options. One route is selling it on various gift card exchange platforms. Here’s how it works:

First, sign up with a reputable gift card exchange platform. 

Next, list your Amazon gift card for sale. When setting your price, aim for a range between 2% to 15% off the card’s original value. 

This discount makes your offer attractive to potential buyers while still ensuring you get some cash in return.

Once your card sells, you’ll receive payment through methods like PayPal, direct deposit, or a mailed check, depending on the platform’s policies.

Where Can I Sell or Convert Amazon Gift Cards to Cash?

You have several options for selling or converting them into cash. Here are some of the options you can explore:

1. CardCash

CashCash buys unwanted gift cards for less than their actual value and then sells them at a discount to thousands of savvy shoppers across the country.

It’s a great way to get rid of your unused gift cards and make some hard cash (up to 92% of the value) in the process.

You will get paid via ACH deposit, a check in the mail, or PayPal.

Alternatively, you can even choose to trade in your gift card for a brand-new gift card from the available brands.

2. Zeek

Zeek claims to sell unused gift cards in 37 minutes flat and adds they have sold more than 700 different brands this year alone.

A seller looking to sell his Amazon gift card here needs to first list his card on the website.

Even if yours does not happen to sell in the promised 37 minutes, the site does vouch for the fact that a majority of gift cards are posted for sale within a few hours of listing.

You also get to choose from multiple secure payment options which include PayPal or direct credit to your bank account.

3. BuyBackWorld

BuyBackWorld buys unwanted gift cards and old electronics. You can enter your gift card balance and receive an instant price quote.

Your payment options include PayPal, check, direct deposit, prepaid debit card, and store credit

Choosing the BuyBackWorld store credit lets you get a 5% redemption bonus. You might choose this option if you want to buy used cell phones or other electronics.

4. Gift Cardio

Gift Cardio lets you exchange Amazon gift cards for cash and also offers some great deals.

To convert Amazon gift cards, you will need to first enter your gift card details online to get the price estimates for your card.

Next, you get to choose the price you want to sell your card for from the options provided.

The average Gift Cardio user sells their gift card for approx.94.3% of its value which means if you have a $100 gift card you could sell it for $94.3.

Payment options include PayPal or a paper check mailed to you.

5. Cardpool

Cardpool gives you the freedom to buy and sell gift cards from a variety of top brands including Macy’s, Target, Apple, AirBnB, Best Buy, and Amazon. They accept both physical and electronic gift cards.

Once they have verified the balance on your gift card, you will be made an offer that could be as high as 92% of the value of your card.

Payout options include an eGift card sent to your email address or a paper check mailed directly to you to arrive within 4-5 working days via USPS First Class Mail.

That’s it. Once the card balance and your other details have been verified, you will receive the money directly into your PayPal account.

6. Raise

This online marketplace is one of the most popular options for exchanging Amazon gift cards for cash of any brand.

All you need to do is list it online. You even get to set the price you want for it.

Raise will verify your gift card details and balance before listing it online.

You get paid the moment your card finds a buyer. Payments are made via Direct Deposit, PayPal, or check when your card sells.

7. Reddit

Reddit also has a barter thread (a subreddit) that allows you to trade items like Amazon gift cards in exchange for free tangible items or a service that you may require.

All you need to do is list your Amazon gift card on their site and wait for a suitable barter offer to come up.

But before you get all excited at this novel concept make sure you read all the applicable rules listed in the sidebar, before going ahead with registering your gift card.

8. Craigslist

You can easily find a buyer for your unused Amazon gift card by merely listing it on Craigslist. Once you find a potential buyer, you might need to verify the balance on your card in his/her presence.

The advantage here is that the buyer may well be someone from your own neighborhood, plus you will be paid in hard cash (sans any transaction fees deducted on other online websites).

A small word of caution here though, if the buyer is not known to you make sure you meet him/her in a public place and take the payment in cash only.

9. eBay

Like Craigslist, you could try eBay to sell Amazon gift cards. Now a couple of things to remember before you go ahead with the listing.

There may be listing (and selling fees) involved so decide on a price after taking both into consideration.

And if the buyer happens to stay in some other city/state, there may be shipping charges involved as well assuming of course that you have a physical gift card.

Can I Transfer Funds from Gift Cards to My Account?

Unfortunately, it’s not possible to transfer funds loaded onto Amazon gift cards directly into your bank account due to regulatory restrictions. 

When you add money to a gift card, it’s earmarked for purchases within the issuing company’s ecosystem and cannot be withdrawn as cash. 

This limitation is in place to adhere to financial regulations governing the use of gift cards. 

While it might be a bit inconvenient if you were hoping to access those funds as cash, gift cards still offer a convenient way to make purchases within the designated retailer’s network.

Gift cards often make great gifts, but there are times when we could use cash instead. That’s understandable.

Luckily, selling your gift card online can be a smart solution. It’s a practical way to transform an unwanted or unused gift card into a valuable digital asset.