Selling gift cards for cash has many benefits. First, it frees up money for things you genuinely need or want. Second, it prevents gift cards from going unused or expiring.
People often sell cards they receive as gifts but can’t use. Store closings also make selling a good option. Gift card resale market has grown over the years.
According to a study by ResearchGate, gift cards are a vital element of many retailers’ strategies. The value consumers drive this growth perceive in gift cards. They offer flexibility and choice for both givers and receivers.
Criteria for Choosing the Best Place to Sell Gift Cards
Trustworthiness and Reputation
Choosing a reputable platform is important. Look for sites with positive reviews and high ratings. Verify their trustworthiness by checking user feedback and ratings on platforms like Trustpilot or the Better Business Bureau.
Payout Rates
Payout rates determine how much cash you’ll get for your card. They vary among platforms. Compare rates to get the best deal. Some sites offer up to 92% of the card’s value, while others offer less.
Payment Options
Different platforms offer various payment methods. Standard options include PayPal, bank transfer, and checks. Choose a process that’s convenient for you.
Ease of Use
Consider the user experience. Platforms with intuitive interfaces and mobile apps make the selling process easier. The less hassle, the better.
Processing Time
How quickly you receive your payment matters. Some platforms offer instant payouts, while others take a few days. Faster processing times are generally better for quick cash needs.
The 13 Best Places To Sell Gift Cards For Cash
1. CardCash
CardCash offers competitive payout rates and various payment options, including PayPal and check. Users praise its easy-to-navigate interface and quick processing times.
2. Raise
Raise operates as a marketplace where you set your prices. You have control over how much you sell your gift cards for. Payment options include PayPal and direct deposit, making it versatile.
3. Gift Card Granny
Gift Card Granny is known for its comparison tool. It helps you find the best place to sell your gift card. The site also offers discounts on gift card purchases, enhancing user experience.
4. Cardpool
Cardpool offers competitive payout rates and is known for its user-friendly experience. Payments are processed quickly, usually within 24 hours, making it a reliable option.
5. ClipKard
ClipKard accepts a wide range of gift cards and offers various payment options. Its user-friendly website and mobile app make the selling process straightforward.
6. GiftCardBin
GiftCardBin stands out for its physical locations. You can walk into a store and sell your gift card instantly. Payment options are flexible, adding to its ease of use.
7. ABC Gift Cards
ABC Gift Cards offers reasonable payout rates and multiple payment options. Users appreciate its easy-to-use interface and reliable processing times.
8. Check Into Cash
Check Into Cash offers instant cash for gift cards. You can visit any of their physical locations to sell your card. The quick processing time is a significant advantage.
9. GiftCardSpread
GiftCardSpread offers competitive payout rates and a user-friendly experience. Payments are processed quickly, making it a solid choice for sellers.
10. EJ Gift Cards
EJ Gift Cards offers reasonable payout rates and accepts various gift cards. Payment options are diverse, making it convenient for different users.
11. GiftCardSwapping
GiftCardSwapping allows you to swap gift cards or sell them for cash. Payout rates are competitive, and the user experience is positive.
12. Gameflip
Gameflip specializes in gaming gift cards. It offers various payment options and a user-friendly interface. It’s an excellent choice for gamers looking to sell gift cards.
13. Reddit (r/GiftCardExchange)
This subreddit allows community-based transactions. Trust factors are high due to community moderation. A wide range of gift cards can be traded or sold.
Tips for Selling Gift Cards Safely
Avoiding Scams
Scams are common in the gift card resale market. Be cautious and use reputable platforms. Check reviews and ratings before making any transactions.
Maximizing Payouts
To get the best payouts, compare rates across multiple platforms. Timing your sale can also maximize returns. Some seasons offer better rates due to higher demand.
Protecting Personal Information
Always safeguard your data. Use secure websites and avoid sharing sensitive information unnecessarily. Following these best practices can protect you from fraud.
Bottomline
Unused gift cards are wasted money. Selling them for cash is a smart move. Assess your gift cards today and consider turning them into cash. It’s a simple yet effective way to free up money for your needs.
