The Complete Guide to Selling Gift Cards
Key Points
- Convert Unused Cards to Cash: Selling unused gift cards provides flexible cash for bills, savings, or unexpected expenses, maximizing card value.
- Easy and Secure Process: Selling gift cards online is fast and secure, with trusted platforms offering safe transactions and competitive rates.
- Flexible Spending Options: Selling your gift card gives you cash freedom, allowing spending beyond store limits and fitting your personal budget needs.
Gift cards are convenient, but sometimes they don’t quite fit your needs.
Rather than leaving them unused, why not convert them into cash?
This FAQ guide addresses the most common questions about how and why to sell gift cards, helping you make an informed choice and maximize your gift card’s value.
Why Should I Sell My Unused Gift Cards?
Selling your gift cards frees up cash that you can spend anywhere, not just at specific stores.
Cash is often more versatile than store credit, Whether for bills, personal savings, or everyday expenses.
Selling cards you don’t plan to use ensures the value doesn’t go to waste.
How Much of the Card’s Value Can I Get?
Typically, you’ll receive between 80-90% of a gift card’s balance, depending on the demand for that specific brand.
Popular brands, like Amazon and Visa, tend to have higher resale values, while niche retailers may fetch slightly less.
Is the Process Complicated?
Not at all! Selling gift cards online is simple and secure.
You usually just enter the card’s details (brand and balance) on a platform, receive an offer, and then get paid through PayPal, bank transfer, or another option. The entire process can take just a few days.
Is It Better to Sell Gift Cards Online or In-Person?
Selling online is often the safest and most convenient option.
Trusted platforms handle the transaction securely, whereas in-person sales might pose challenges in finding buyers or ensuring reliable payment.
Online platforms also tend to offer competitive rates, so you’re likely to get more cash.
What Types of Gift Cards Can I Sell?
Most platforms accept a wide variety of cards, including those from major retailers, restaurants, and online stores.
However, prepaid Visa or Mastercard gift cards often have higher demand, making them easier to sell for a substantial amount.
How Can Selling Gift Cards Help My Budget?
Selling gift cards gives you immediate access to cash, making it easier to budget without relying on credit or dipping into savings.
For instance, selling a card can provide extra funds for unexpected expenses or help boost savings. It’s an easy way to stay financially agile.
What Can I Use the Cash For?
Anything you need! Many people use the cash for groceries, bills, or even saving for a special purchase.
Having cash lets you spend according to your priorities, rather than being limited to specific stores or products.
How Secure Is Selling Gift Cards?
Selling gift cards on a reputable platform is generally very secure. Look for sites with secure payment methods, clear policies, and good customer reviews.
Avoid unregulated or less-known marketplaces to ensure your sale goes smoothly.
Is It Worth Selling a Partially Used Gift Card?
Absolutely. Many platforms accept partially used cards.
As long as the balance is clear, you’ll receive an offer based on the remaining value, allowing you to get cash even if only a portion of the card is left.
What Should I Do Next?
If you’re ready to sell, simply find a trusted platform, enter your gift card details, and get started.
Within a few steps, you’ll have the cash in hand to use as you see fit.
Selling gift cards is an easy and practical way to maximize value, giving you flexibility with cash for your budget.
Selling your gift cards could be the solution you didn’t know you had, whether for immediate needs, savings, or even a treat!
