These days, selling gift cards online has become an increasingly popular option for those looking to unlock the value of their unused or unwanted cards. With numerous advantages, this method offers convenience, financial gain, and a wide reach to potential buyers.
One of the primary benefits of selling gift cards online is the opportunity to convert them into cash. By selling your unwanted gift cards, you can recover the value tied up in them and utilize the funds for something more meaningful or necessary. So, whether you have received a gift card for a store you rarely visit or prefer cash, selling online provides a practical solution.
Convenience is another key advantage of selling gift cards online. Instead of going through the hassle of physically visiting a store or engaging in time-consuming negotiations, online marketplaces have streamlined the process. These platforms offer user-friendly interfaces and step-by-step instructions, allowing you to sell your gift cards from your home.
Furthermore, selling gift cards online opens up a vast audience of potential buyers. Dedicated online platforms and marketplaces cater to individuals seeking discounted gift cards for their favorite brands or stores. This broader reach increases the chances of finding interested buyers and ensures your gift cards are not wasted.
Online marketplaces also provide an array of payment options, such as direct deposit, PayPal, cryptocurrencies, and electronic transfers. This flexibility allows you to choose the most convenient method for receiving your payment.
Additionally, online platforms often facilitate quicker transactions than traditional gift card selling methods. As a result, the process is generally swift, allowing you to receive your payment promptly upon completing the sale.
When selling gift cards online, safety and security are paramount. Reputable platforms prioritize security measures, including identity verification and secure payment gateways, to protect buyers and sellers from potential fraud. These precautions ensure a safe and trustworthy buying and selling experience.
This article will discuss how to successfully sell gift cards online, the many benefits associated with selling gift cards, and our choices for the best places to sell gift cards online.
Key Takeaways
- Selling gift cards online allows you to convert them into cash, unlocking their value for more meaningful or necessary purposes.
- Online platforms offer a hassle-free selling experience, eliminating the need to visit physical stores or engage in time-consuming negotiations.
- GiftCash tops our list of the best place to sell gift cards online because it is safe, secure, easy to use, and offers some of the best payout rates and turnaround times in the industry.
A Quick Look At The Best Place To Sell Gift Cards
- GiftCash
- Gift Card Granny
- GiftCardBin
- CardSell
- ClipKard
- Gameflip
- Raise
- CardCash
- QuickCashMI
- eBay and Facebook Marketplace (last resort)
What Are The Benefits Of Selling Gift Cards Online?
There are several benefits to selling gift cards online, making it an attractive option for anyone looking to convert their unused or unwanted gift cards into cash.
Here are some of the key advantages:
- Financial Gain: The primary benefit of selling gift cards online is the opportunity to turn them into cash. By selling your unwanted gift cards, you can recover some of the value tied up in the cards and use those funds for something you truly need or prefer.
- Convenience: The best gift card selling sites have made the process hassle-free. These days, you can sell your gift cards from the comfort of your home without physically visiting a store or engaging in time-consuming negotiations. Many online marketplaces simplify the process by providing user-friendly interfaces and step-by-step instructions.
- Wide Reach: Selling gift cards online allows you to tap into a larger pool of potential buyers. With numerous online platforms dedicated to gift card resale, you can connect with a vast audience of individuals actively seeking discounted gift cards for their favorite brands or stores.
- Choice of Payment: Online marketplaces typically offer multiple payment options, such as direct deposit, PayPal, cryptocurrencies, and electronic transfers, providing flexibility and convenience in receiving your payment.
- Quick Transactions: Unlike traditional gift card selling methods, online platforms often facilitate faster transactions. The process is generally swift, allowing you to receive your payment promptly.
- Safety and Security: Reputable online gift card selling platforms prioritize security and protect buyers and sellers from potential fraud. They implement important measures such as identity verification and secure payment gateways to ensure a safe buying/selling experience.
Selling gift cards online represents a practical solution for maximizing the value of your unused cards while benefiting both you and potential buyers.
Are You Able to Sell Gift Cards Online Electronically Instantly?
Yes, selling gift cards online electronically and instantly through certain platforms is possible.
These platforms, often called gift card exchange websites, marketplaces, or platforms, allow individuals to sell their unwanted gift cards digitally, eliminating the need for physical card shipment or waiting for delivery to your door.
When selling gift cards electronically, you typically need to provide details about the gift card, such as the brand, value, and any specific terms or restrictions. Some platforms may require you to verify the balance on the card before listing it for sale. Once you list the card potential buyers can browse and purchase the card directly from the platform once you list it. In some cases, you can sell your gift card directly to the marketplace, allowing you to avoid the hassle of dealing with another party.
The transaction is usually completed swiftly after a buyer selects your gift card. The platform usually handles the payment process, ensuring a secure and seamless transfer of funds. Upon confirmation of the sale, you will typically receive your payment electronically through direct deposit, PayPal, or another specified method.
It is important to note that the availability of instant electronic selling may vary depending on the platform and specific circumstances. For example, some platforms offer immediate sale options, while others may require additional verification or processing time. Therefore, you must research and choose a reputable platform that offers fast and reliable electronic selling services for gift cards.
What To Know Before Selling Gift Cards
Before selling gift cards, there are several key factors to consider to ensure a smooth and successful transaction:
- Gift Card Value: Determine the exact value of the gift card you wish to sell. Some platforms may require you to provide the card balance, while others may offer tools to check the remaining balance.
- Validity and Expiration: Check the expiration date and any applicable terms and conditions of the gift card. Some platforms may not accept cards close to expiration or cards with specific restrictions.
- Gift Card Type: Different platforms may have preferences for physical or electronic gift cards. Determine whether the platform accepts the type of gift card you have, whether it is a traditional plastic card or an e-gift card.
- Platform Reputation: Research the reputation and credibility of the platform you plan to use. Read reviews, check ratings, and ensure the platform has a secure and reliable track record.
- Fees and Commissions: Understand the fees or commissions the platform charges for listing and selling your gift card. Compare different platforms to find the one that offers competitive rates and fair terms.
- Payment Options: Familiarize yourself with the payment methods offered by the platform. Ensure they align with your preferences, and you can easily receive the funds.
- Platform Policies: Read and understand the platform’s policies regarding refunds, disputes, and customer support. Be aware of the platform’s guidelines to resolve potential issues during the selling process.
Considering these factors, you can make informed decisions when selling gift cards and increase the likelihood of a successful and hassle-free transaction.
3 Key Factors When Looking For Where To Sell Gift Cards Online
When searching for the best place to sell gift cards online, there are three key factors to consider:
- Reputation and Security: Look for a platform with a strong reputation and a track record of successful transactions. Read reviews and check for any reported issues of fraud or scams. Ensure the platform provides a secure environment for selling gift cards and protects your personal and financial information.
- Competitive Rates and Fees: Compare the rates and fees different platforms offer. Some platforms may charge a percentage of the gift card’s value as a commission, while others may have fixed fees. Consider the overall return you will receive after deducting any costs to ensure you get a fair deal.
- Payment Options and Speed: Evaluate the payment options available on the platform. Look for platforms that offer quick and convenient payment methods, such as direct bank deposits, crypto exchanges, or other types of electronic payments. In addition, you should consider the processing time for payments to ensure you receive your funds promptly.
Additionally, it can be beneficial to consider other factors such as customer support availability, ease of listing and managing your gift cards, and the platform’s user interface. By considering these factors, you can make an informed decision and choose the best platform to sell your gift cards online, maximizing your returns and ensuring a smooth selling experience.
Best Place to Sell Gift Cards
Now that you know what to look for when considering where to sell your gift cards online, let’s look closer at our picks for the best gift card selling sites.
GiftCash
Founded in 2017, GiftCash started with two people and an idea to create a new platform to make selling unwanted gift cards straightforward and completely secure.
GiftCash believes in the power of partnerships. So whether you buy gift cards at a discounted rate using its platform or trade your unwanted gift cards in for cash, the process is always simple and secure. Over the years, GiftCash has earned a great reputation among sellers by offering some of the fastest turnaround times and the highest payout rates in the industry.
Among buyers, GiftCash has become synonymous with discounted gift card purchasing. In addition, it earns high praise for its rewards program, which offers cashback on every gift card purchase through the platform.
Features:
- Immediate direct sales: With GiftCash, you can instantly sell unwanted gift cards without waiting for a buyer. Simply enter your gift card information, accept the GiftCash offer and your card is sold. It is that simple!
- Bulk selling options: GiftCash allows users to sell gift cards in bulk through its bulk client program. The GiftCash bulk client program provides the most hassle-free way to buy and sell gift cards in bulk, making the process quick, easy, and stress-free.
- Cryptocurrency payouts: GiftCash supports the freedom to invest in crypto. That’s why the platform offers the option to exchange gift cards for the cryptocurrency of your choice.
Pros:
- Some of the fastest turnaround times in the industry.
- No seller fees.
- No withdrawal fees.
- Some of the highest payout rates available.
- Crypto payout options.
Cons:
- Does not offer PayPal payout options.
- Charges a processing fee on certain cryptocurrency payouts.
What customers have to say:
“I’ve used GiftCash to offload thousands of dollars in gift cards over the last year or so. At first, I was skeptical/cautious, so I started with only a couple orders, then, after some initial success, I started to sell more and more. I have gone as far as selling $4,000 worth of cards in one month and, so far, have had very few hiccups.” – Mike A. via Sitejabber
Why GiftCash Is The Best Overall Website To Sell Gift Cards
GiftCash is the unrivaled champion on our list of websites where you can sell unwanted gift cards online because it offers a seamless platform with unmatched features. GiftCash stands head and shoulders above the competition because it provides the maximum value to buyers and sellers. In addition, its user-friendly interface and step-by-step instructions make selling gift cards easy, and it offers a wide range of flexible payment options, including direct deposit and cryptocurrencies.
Most importantly, GifCash is safe and secure. In fact, every transaction made on the GiftCash website is closely monitored by the GiftCash team. So, you can rest assured that you are selling your gift cards in a secure online environment.
Gift Card Granny
Gift Card Granny is a popular online platform that enables users to buy and sell gift cards from various retailers and brands.
As a gift card marketplace, Gift Card Granny allows individuals to list their unwanted gift cards for sale, allowing them to earn cash or exchange them for more desirable cards. The platform offers a wide range of participating retailers, making it convenient for buyers and sellers to find their preferred brands.
Gift Card Granny aims to provide a user-friendly experience with features like advanced search filters, real-time price comparisons, and discounted gift cards. It also offers buyer protection and guarantees the authenticity of the gift cards listed on its platform.
Overall, Gift Card Granny serves as a reliable and trusted platform for those looking to buy or sell gift cards.
Features:
- Extensive retailer selection: Gift Card Granny provides access to gift cards from numerous popular brands and stores catering to diverse preferences and interests. Users can easily search and browse through a comprehensive selection of gift cards to find the ones they seek.
- Real-Time price comparisons: With Gift Card Granny, users can see the current prices for gift cards across multiple sellers, allowing them to choose the most competitive offer. This feature helps buyers find discounted gift cards, maximizing their savings and purchasing power.
- Buyer protection and guarantee: Gift Card Granny verifies the legitimacy of the cards sold on its site and ensures they have the advertised balance. That gives buyers peace of mind and confidence when purchasing gift cards from sellers on the platform, knowing they are receiving valid and usable cards.
Pros:
- A wide selection of gift card options.
- Real-time price comparisons.
- Buyer protection.
- A user-friendly interface.
Cons:
- Its seller verification process sometimes results in delays for the seller.
- Gift Card Granny offers limited payment options.
What customers have to say:
“I purchased several gift cards for the holidays. I made an email mistake, and they helped me through from beginning to end. I was so grateful to get the attention and the response I needed, being refunded in a timely manner. Thank you Gift Card Granny for your guidance and support.” – Lisa T. via Sitejabber
GiftCardBin
GiftCardBin is an online platform that specializes in buying and selling gift cards. It offers a streamlined and secure process for users to convert unwanted gift cards into cash or purchase discounted cards from popular retailers.
One notable feature of GiftCardBin is its user-friendly interface, which allows individuals to quickly search for specific gift cards or browse through a wide selection of brands. In addition, the platform provides competitive offers for sellers, ensuring they receive fair value for their cards.
GiftCardBin also offers a range of payment options, including direct deposit and PayPal, providing flexibility and convenience. With its focus on reliability, convenience, and a wide array of participating retailers, GiftCardBin has established itself as a trusted platform in the gift card marketplace industry.
Features:
- Wide selection of retailers: GiftCardBin boasts an extensive selection of gift cards from various popular retailers and brands. Users can browse a diverse range of options, making finding gift cards for their preferred stores or restaurants easier.
- Competitive offers: GiftCardBin strives to provide competitive offers to sellers, ensuring they receive a fair value for their unwanted gift cards. The platform assesses the market value of the cards and presents sellers with attractive offers to encourage participation.
- Multiple payment options: GiftCardBin offers flexible payment options, allowing sellers to choose their preferred method. Common payment options include direct deposit and PayPal, ensuring convenient and secure transactions.
Pros:
- A diverse selection of gift cards from various popular retailers.
- Competitive offers for sellers.
- Multiple payment options.
- A user-friendly interface.
Cons:
- Compared to other platforms, GiftCardBin has limited buyer protection measures in place.
- Its seller verification process often results in delays for the seller.
What customers have to say:
“I buy a lot of gift cards from vary sites and this site always has competitive discounts and fairly quick respond and process of refund for bad or inaccurate cards. I feel safe to buy from giftcardbin.com for this reason I put 5 stars.” – Oleg via Trustpilot
CardSell
CardSell is a fast, easy, secure gift card exchange app allowing users to trade unwanted gift cards for cash. With CardSell, selling gift cards to hundreds of buyers online from your mobile device is easy. With Cardsell, you enter your gift card information, and the platform does all the work. Once your unwanted gift card is sold, CardSell will deposit money from the sale directly into your PayPal account within 48 hours.
Features:
- Easy to use mobile app: The CardSell platform is application based, which means you can sell unwanted gift cards easily using a convenient mobile app.
- Hundreds of retailers and buyers: CardSell has hundreds of accredited retailers and gift card buyers waiting to buy gift cards for cash.
- Direct PayPal payment: Once your card is sold, Cardsell deposits your payout within 48 hours directly into your PayPal account.
Pros:
- Easy-to-use mobile app.
- A user-friendly interface.
- Competitive offers.
- Fast payout via PayPal
Cons:
- Payouts are only available through PayPal, limiting payment flexibility.
What customers have to say:
“This is one of my favorite apps in the App Store. I will continue to sell my unused gift cards for cash to Cardsell! Thank you!” – Seattle Mula via Appfollow
ClipKard
ClipKard is an online marketplace for buying and selling unwanted gift cards. The process for selling gift cards online for cash using ClipKard is simple.
With ClipKard, you enter your gift card information, and the platform will review and verify your submission. Once complete, they will make you an offer. You’ll need to ship physical gift cards to ClipKard via USPS. You’ll have the option to receive payment through PayPal or a check via mail.
Features:
- Rewards program: The ClipKard platform lets users earn rewards for every transaction, whether buying or selling. For example, once you earn 1,000 points, you’ll receive a $10 discount on a future purchase.
- Competitive offers: ClipKard makes competitive offers based on the value of your gift card and the retailer.
Pros:
- No seller fees.
- Great rewards program.
Cons:
- Payouts are only available through PayPal and check, limiting payment flexibility.
- ClipKard only buys gift cards from a limited number of retailers.
What customers have to say:
“I was always worried about whether or not this was legit but I’ve used it 3 times so far and am very pleased with the service.” – Margaret M. via Trustspot
Gameflip
Gameflip is an online marketplace designed to buy and sell digital goods, including video games, in-game items, gift cards, and more. It provides gamers and digital enthusiasts a platform to connect, trade, and discover new items and deals.
With a user-friendly interface and a wide range of available items, Gameflip offers convenience and accessibility to both buyers and sellers. Gameflip is a platform where users can easily buy and sell digital items, connect with fellow gamers, and explore a wide range of digital goods.
Features:
- Secure and trusted marketplace: Gameflip prioritizes security and trust, providing a safe environment for buying and selling gift cards. It implements measures such as user ratings and feedback, verification processes, and a dedicated customer support team to ensure a reliable and fraud-free user experience.
- Wide range of buyers: Gameflip boasts a large user base of gamers and digital enthusiasts actively seeking discounted gift cards, giving sellers a broader reach and increasing the chances of finding interested buyers quickly.
- Convenient listing and management options: With Gameflip, sellers can easily create attractive listings, set their preferred prices, and provide essential details about the gift cards they are selling. The platform also allows sellers to manage their listings, monitor transactions, and communicate with potential buyers efficiently.
Pros:
- Large and active user base.
- Secure and trusted platform.
- User-friendly interface.
Cons:
- Although its seller verification process helps ensure security, it is time-consuming for sellers.
- Gameflip charges transaction fees on each sale, which can impact the overall profit for sellers.
What customers have to say:
“Only positive experiences with this website.” – Guy K. via Sitejabber
Raise
Raise is a popular online marketplace that provides a convenient platform for selling and buying gift cards.
With its user-friendly interface and extensive selection of retailers, Raise has established itself as a go-to destination for gift card transactions. Sellers can easily list unwanted gift cards for sale, setting their prices and enjoying the flexibility to adjust them as desired. In addition, the site offers a secure and reliable payment process, ensuring that sellers receive their earnings promptly.
Raise also provides a trusted verification process to authenticate the value and validity of the gift cards sold, giving buyers peace of mind when making purchases.
Whether you have unused gift cards cluttering your wallet or are searching for discounted gift cards from your favorite stores, Raise offers a seamless platform to connect sellers and buyers, making it a top choice in the gift card resale market.
Features:
- Extensive retailer selection: Raise boasts a comprehensive range of participating retailers, offering users various gift card options. The platform covers a broad spectrum of industries and brands, allowing users to buy and sell gift cards for their preferred stores, from popular national chains to local businesses.
- User-Controlled Pricing: A key feature of Raise is the ability for sellers to set their own prices for their gift cards, empowering sellers to determine the value of their cards and giving them the flexibility to adjust prices based on demand and market conditions. By allowing sellers to control pricing, the platform creates a dynamic marketplace where buyers can find competitive deals and sellers can maximize their returns.
- Verified gift card assurance: Raise prioritizes the security and reliability of its gift card marketplace. The platform employs a verification process to ensure that all listed gift cards are legitimate and carry the advertised value. This authentication process gives buyers confidence that they are purchasing valid gift cards, reducing the risk of scams or fraudulent transactions.
Pros:
- A wide selection of gift card choices.
- Secure and trusted platform.
- Competitive pricing.
Cons:
- Raise charges sellers a commission fee for each gift card sold on the platform.
- While Raise ensures the authenticity of listed gift cards, the platform’s buyer protection policies are more limited than other e-commerce platforms.
- The user-controlled pricing feature means that prices for gift cards can fluctuate based on supply and demand.
What customers have to say:
“First of all I’d like to mention the assortment, the wide choice and the catalog, which is conveniently divided into categories, plus there is a description of the product. On the site you can write to the consultant, I got an answer in 15 minutes. The manager helped with the choice. The prices are reasonable. The delivery is fast. The product is of high quality. I can highly recommend it.” – Susan T. via Sitejabber
CardCash
CardCash is a reputable online platform that buys and sells discounted gift cards.
With a wide selection of retailers and brands, CardCash offers users the opportunity to save money by purchasing gift cards at a discounted rate. Sellers can easily convert unwanted gift cards into cash by selling them on the platform.
One of the standout features of CardCash is its rigorous verification process, ensuring that all gift cards listed for sale are valid and have the stated value. This verification process gives buyers confidence in their purchases and minimizes the risk of fraudulent transactions. Additionally, CardCash guarantees that purchased gift cards will be valid for a specified period, offering further assurance to buyers.
With its user-friendly interface, reliable verification system, and attractive discounted gift card options, CardCash has become a trusted destination for those looking to buy or sell gift cards at a discounted price.
Features:
- Extensive selection of discounted gift cards: CardCash offers a wide range of gift cards from various retailers and brands. Users can find discounted gift cards for popular national chains, local businesses, and online stores. The platform’s extensive selection ensures buyers have many options, catering to different preferences and interests.
- Robust verification process: CardCash employs a rigorous verification process to ensure the authenticity and value of the gift cards being sold. This process helps minimize the risk of purchasing fraudulent or expired gift cards. By thoroughly validating the cards, CardCash gives buyers confidence in their purchases and ensures they receive legitimate gift cards with the stated value.
- CardCash Guarantee: The platform offers a guarantee on the purchased gift cards, providing additional peace of mind to buyers. This guarantee ensures that the gift cards will have the stated value and will be valid for a specific period. In the rare event of an issue with a purchased gift card, CardCash takes responsibility and offers assistance to resolve the problem, which helps protect buyers’ interests.
Pros:
- CardCash offers a wide selection of gift card choices at discounted rates.
- CardCash boasts a secure and trusted platform with a robust verification process.
Cons:
- Although CardCash offers some buyer protection guarantees, it has limited policies compared to other platforms.
- The discount rates CardCash offers vary depending on the retailer and availability and are therefore inconsistent.
What customers have to say:
“They are a solid company they gave me 280$ for 340$ card so it’s a good company not fake it’s straight legit.” – Brett S. via Sitejabber
QuickCashMI
QuickCashMI is a small, Chelsea, Michigan-based company that began buying and selling gift cards online and in-mail in 2011.
The company aims to offer a simple, safe, and convenient way to buy and sell gift cards. QuickCashMI provides a warranty with each gift card purchase and strives to complete our transaction with you with integrity.
QuickCashMI has become a popular platform for selling unwanted gift cards, buying gift cards at a discounted rate, or fundraising.
Features:
- Fundraising options: With QuickCashMI, organizations can run a simple campaign to raise cash quickly and easily by selling or donating unused gift cards or merchandise credits. There are two different types of fundraisers you can run with QuickCashMI. Your group can buy popular gift cards at a discount, resell them at full value to your supporters, and apply the difference to benefit your organization or charitable cause. Alternatively, your group can collect gift cards from your supporters as a donation and then sell them through QuickCashMI.
- Personalized service: Because QuickCashMI is a small, privately-owned regional business, you will get one-on-one personalized service using the website.
Pros:
- QuickCashMI is regionally-based and offers a wide selection of Michigan-area gift card choices.
- QuickCashMI offers personalized service.
Cons:
- Although QuickCashMI prides itself on being a small business, its reach is more limited than larger platforms.
- QuickCashMI only pays out via check.
- All physical gift cards must be sent directly to the company via USPS.
What customers have to say:
“I have no complaint. I sold them my cards and got my cash. They offered more money than any other site. They bought my cards when no one else would.” – John Bartlett – Phoenix, Arizona, via the QuickCashMI testimonials page.
eBay and Facebook Marketplace
While platforms like eBay and Facebook Marketplace can provide opportunities to sell gift cards, they are generally considered a last resort option due to the existence of dedicated gift card platforms. In addition, eBay and Facebook Marketplace offer broader marketplaces for a wide range of goods and services, making it harder for gift cards to stand out amidst the vast array of listings.
Selling gift cards on eBay can be time-consuming, requiring sellers to create listings, manage auctions or fixed-price sales, and deal with potential buyer inquiries. Additionally, eBay charges various fees, including listing and final value fees, which can affect the seller’s profits.
While a popular platform, Facebook Marketplace lacks the specific categorization and search features tailored for gift cards. As a result, sellers on Facebook Marketplace may struggle to reach the right audience interested in purchasing gift cards, resulting in longer listing exposure times and potential pricing challenges.
In contrast, dedicated gift card platforms like the ones listed in this article offer streamlined processes, a targeted audience of gift card buyers, and dedicated tools for listing and selling gift cards. These platforms provide additional safeguards like verification processes, buyer protection guarantees, and customer support for gift card transactions.
While eBay and Facebook Marketplace can be utilized as a last resort when other options are unavailable, sellers may find more success and efficiency by first exploring dedicated gift card platforms.
Features:
- Listing creation: Both eBay and Facebook Marketplace provide a platform for sellers to create listings for their gift cards. Sellers can include details such as the brand, value, expiration date (if applicable), and specific terms or conditions. They can also add images and descriptions to attract potential buyers.
- Direct seller-buyer communication: Both platforms allow direct contact between the seller and the potential buyer. Sellers can answer questions, negotiate prices, and provide additional information about the gift cards through messaging or comments. This feature enables personalized interactions, building trust, and addressing buyer inquiries.
- Seller control over pricing: eBay and Facebook Marketplace offer sellers control over setting the price of their gift cards. Sellers can choose to list their cards at a fixed price or utilize auction-style listings where potential buyers bid on the cards. This flexibility allows sellers to determine the value of their gift cards based on demand, market conditions, and preferences.
Pros:
- Both eBay and Facebook Marketplace have a massive user base, providing sellers access to a wide audience.
- Sellers can set their desired prices when selling gift cards on these platforms.
- eBay and Facebook Marketplace facilitate direct communication between sellers and buyers.
Cons:
- Due to the popularity of these platforms, there is often intense competition when selling gift cards.
- Both eBay and Facebook Marketplace charge fees for each transaction. These fees can reduce the overall profitability for sellers, especially when combined with other associated costs like shipping or payment processing fees.
- Both eBay and Facebook Marketplace charge fees for each transaction. These fees can reduce the overall profitability for sellers, especially when combined with other associated costs like shipping or payment processing fees.
What customers have to say:
Some sellers have reported challenges with increased competition, lowball offers, and the need to be cautious of potential scammers. Therefore, it’s always advisable to read and adhere to the platforms’ guidelines, take necessary precautions, and review feedback from other sellers before engaging in gift card sales on eBay or Facebook Marketplace.
How We Made Our Choices For The Best Site To Sell Gift Cards
We created our list of the best gift card selling sites based on various important factors, including the age of the platform, its track record of success, services offered, payout rates, turnaround times, and fees.
We conducted extensive research, including reading client reviews, analyzing case studies, and evaluating each platform individually. We also considered its industry reputation and its dedication to safety and security.
What To Look For In The Best Gift Card Resale Site
When choosing the best place to sell gift cards, several factors should be considered to ensure a seamless and profitable experience.
Here are some essential aspects to evaluate:
- Reputation and trustworthiness: Research the platform’s reputation and user reviews to gauge its reliability. Look for established platforms with a positive track record, excellent customer feedback, and a secure payment system.
- Payout Rates: Compare the payout rates offered by different platforms. Higher rates mean you receive more money for your gift cards. Some platforms may offer competitive rates, especially for popular retailers.
- Payment Options: Consider the payment methods supported by the platform. Look for flexibility in options such as PayPal, direct deposit, or cryptocurrency, as this ensures you can receive your funds conveniently.
- Turnaround Time: Evaluate the speed at which the platform processes transactions. Faster turnaround times mean you can convert your gift cards into cash quickly.
- Seller Fees: Check if the platform charges any fees for listing or selling your gift cards. Opt for platforms that offer no or minimal seller fees to maximize your earnings.
- Buyer Base: Consider the size and activity of the platform’s buyer base. A larger buyer pool increases the chances of selling your gift cards quickly and at competitive prices.
- User-Friendly Interface: Look for platforms with intuitive and easy-to-navigate interfaces. A user-friendly platform simplifies the listing process, making it more convenient to sell your gift cards.
- Security Measures: Ensure the platform has robust security measures to protect your personal and financial information. Look for platforms that verify gift cards and provide buyer protection to minimize the risk of fraud.
Considering these factors, you can choose the best online platform for selling gift cards, maximizing your earnings while enjoying a secure and hassle-free experience.
Tips to Sell Gift Cards Online
If you’re looking to sell gift cards online, here are some valuable tips to help you succeed:
- Research market demand: Before listing your gift cards, research the market demand for the specific brands or retailers. Popular and in-demand gift cards tend to sell faster and at better prices.
- Set competitive prices: Price your gift cards competitively to attract buyers. Consider checking the prices of similar gift cards on different platforms to get an idea of the market value.
- Provide accurate card information: Be transparent and provide accurate information about the gift card, including the brand, value, expiration date, and any limitations or restrictions.
- Only use trusted platforms: Utilize reputable online platforms with a proven track record for selling gift cards. Opt for platforms with secure payment systems and positive user reviews.
- Optimize your gift card listings: Craft appealing and detailed descriptions for your gift card listings. Highlight the brand, value, and any additional perks or benefits.
- Promote your listings: Share your gift card listings on social media platforms, forums, or gift card-specific communities to reach a broader audience.
- Be responsive: Stay responsive to buyer inquiries and address any questions promptly. A quick and helpful response builds trust and increases the likelihood of a successful sale.
- Safely transfer gift cards: Ensure secure delivery of gift card details to the buyer. Avoid sharing sensitive information upfront and consider using platforms that facilitate the safe and encrypted transfer of gift card details.
Following these tips can improve your chances of successfully selling gift cards online, maximizing your earnings, and providing a positive experience for you and the buyers.
Selling Gift Cards: Frequently Asked Questions
How can I sell my gift card for cash?
You can sell your gift card for cash using reputable online platforms that allow you to list and sell your gift card to interested buyers, who will then pay you in cash for the card’s value.
Where can I sell gift cards instantly?
You can sell gift cards instantly on various online platforms such as GuftCash, Raise, or Gift Card Granny, which offer quick and convenient options to sell your gift cards for cash or exchange them for other gift cards.
How do you turn a gift card into cash at a store?
To turn a gift card into cash at a store, you can visit a gift card exchange kiosk or find a retailer that allows gift card buybacks, where you can sell your gift card for cash or receive store credit in return.
What is the most popular gift card available?
The most popular gift card available varies depending on the region and occasion. Still, some commonly sought-after options include Amazon, Visa, Walmart, and iTunes gift cards, which offer recipients a wide range of purchase choices.
Which gift cards have the highest resale value?
Gift cards from popular retailers like Amazon, Walmart, Target, and iTunes tend to have higher resale values due to their broad appeal and the demand for their products, making them attractive options for those looking to sell their gift cards for cash.
How Much Do You Get for Gift Cards at Coinstar?
The amount you receive for a gift card at Coinstar varies depending on the retailer and the demand for that particular gift card. Generally, Coinstar offers payouts ranging from 60-85% of the card’s value.