Can you get cash for your gift cards?

If you have received a gift card that you don’t plan to use, you might be wondering whether it’s possible to exchange it for cash. The good news is that in many cases, it is indeed possible. In this article, we’ll explore the different options available for getting cash in exchange for your unwanted gift cards.

Why would you want to exchange a gift card for cash?

There are several reasons why someone might want to trade their gift card for cash, including:

  • They don’t shop at the retailer or service provider associated with the card
  • They need money more urgently than they need the items offered by the card’s issuer
  • They simply prefer having cold hard cash over store credit

No matter what reason motivates someone who has received a gift card to seek out an alternative form of value, there are steps one can take.

Option 1: Sell your gift cards online

One option available is to sell your unused or partially used gift cards online. There are various websites and marketplaces dedicated to helping individuals sell their unwanted gift cards quickly and easily.

Some of these sites include:

  • Cardpool (https://www.cardpool.com/)
  • Giftcard Granny (https://www.giftcardgranny.com/sell-a-gift-card/)
  • Raise (https://www.raise.com/)

When selling on these platforms, keep in mind that different sites may offer different rates depending on factors such as demand and popularity of specific retailers.

Steps involved when selling online:

  1. Check which websites accept your particular brand of card.
  2. Choose how much balance or amount from your card will be sold.
  3. Specify any terms related availability or expiration dates.
  4. Wait until interested buyers bid on buying price/terms set by seller.

Option 2: Trade-in programs

Many retail stores offer trade-in programs whereby customers can bring in their unwanted gift cards in exchange for store credit or cash. While such trade-in programs offer convenience and a guaranteed return, the amount offered is usually lower than what one would get from selling on an online marketplace.

Some examples of stores that offer gift card trade-ins are:

  • Best Buy (https://www.bestbuy.com/site/help-topics/gift-cards/pcmcat204400050011.c?id=pcmcat204400050011)
  • Gamestop (https://www.gamestop.com/trade/)
  • Walmart (https://www.walmart.com/cp/gift-card-exchange/9689430)

Steps involved when trading in at retail / department stores

  1. Check if your retailer offers this service.
  2. Bring the unused or partially used gift card to the store’s customer service desk.
  3. Allow them to verify the value of your gift card.
  4. Receive either store credit or cash in exchange.

Option 3: Gift Card Exchange Kiosks

Another option available is to find a kiosk or machine that accepts and disburses cash for gift cards. Companies such as Coinstar have their kiosks set up in various places around America whereby individuals can walk up to it with their unwanted cards, swipe it using super-fast device scanning technology, thereby obtaining instant cash payout.

The downside? Brick-and-mortar locations may be difficult to find – there aren’t too many scattered across shopping centers yet..

How does a Gift Card Exchange Kiosk work?

  1. Locate any nearby kiosks through internet search
  2. Input details regarding your specific brand of card via touchscreen interface
  3. Wait for the verification process which takes only seconds
  4. Obtain Payment via currency notes inserted into kiosk’s dispenser

In conclusion, while getting money back on an unused card might not be absolutely straightforward or profitable all times, there exist several channels by which you can turn around an unused card for currency. These can vary from selling on online platforms or using exchange kiosks, and knowing the options available to you as a gift-card holder will help maximise your return value.

How to Get Cash for Your Unwanted Gift Cards

If you’ve ever received a gift card that you don’t plan on using, you might be wondering what your options are. Fortunately, there are several ways to turn those unwanted gift cards into cash. In this article, we’ll explore one option: using a gift card exchange service.

Option 4: Use a Gift Card Exchange Service

A gift card exchange service is an online marketplace that connects buyers and sellers of gift cards. These services allow you to sell your unwanted gift cards and receive cash or another type of payment in return.

Using a gift card exchange service has several benefits over other methods of getting rid of unwanted gift cards:

  • You can often get better rates than trade-in programs or exchange kiosks.
  • The process is usually quick and easy.
  • You have more control over the price at which you sell your gift card.

Here are some examples of popular gift card exchange services:

1. CardCash

CardCash (https://www.cardcash.com/) is a leading online marketplace where consumers can buy and sell discounted gift cards securely.

Benefits

  • Offers up to 92% payout rates for sellers
  • Accepts physical and electronic forms of most retailer/restaurant/bar coded & egift
    cards
  • Has no fees for buyers or sellers
  • Provides free shipping via USPS first class mail with tracking on physical transactions

2. GiftCardBin

GiftCardBin (https://www.giftcardbin.com/) allows users to buy, sell, and trade their unused, unwanted Gift Cards at Discounted prices.

Benefits:

  • Offers up to 92% payout rate for sellers
  • Have extra discounts when buying discounted products as well as discount coupons available if needed

3. GiftCardSpread

GiftCardSpread (https://www.giftcardspread.com/) offers instant purchase option for customers looking to buy or sell gift cards online.

Benefits:

  • Gives sellers the option of cashing out at 75 to 85% of its value
  • Accepts various types of gift cards and store credits

In conclusion, using a gift card exchange service is a great option for turning your unwanted gift cards into cash. By selling your unused gift cards through these services, you can get better rates than other methods, while also having more control over the price at which you sell. So if you have any unused gift cards lying around, consider taking advantage of one of these platforms and turn them into extra cash!

FAQs

Q1: Can I exchange my gift card for cash?
A1: It depends on the retailer or brand of your gift card. Some retailers allow customers to exchange their unused gift cards for cash, while others don’t. You should contact the store where you received the gift card and ask if they offer cash back options.

Q2: Where can I sell my unused gift cards for cash?
A2: There are several online marketplaces that allow you to sell your unwanted or unused gift cards in exchange for cash, such as Raise, Cardpool, and GiftCash. These platforms typically require you to provide information about your gift card’s balance and condition before making an offer.

Q3: How much money can I get for selling my gift card?
A3: The amount of money you can get when selling your gift card varies depending on several factors, including the brand of your gift card, its balance amount, and its popularity. Typically, buyers will purchase a discounted rate ranging from 70-90% of the face value of the card so it is best to shop around to find a good deal that works best for you.