7 Best Places To Sell Gift Cards For Cash

7 Best Places To Sell Gift Cards For Cash

Are you looking to turn your unwanted gift cards into cash? You’re not alone. Many people find themselves with gift cards they don’t plan to use. Selling gift cards online has become a popular way to convert them into money.

With numerous gift card exchange sites available, it can be challenging to determine the best places to sell your gift cards. This article will guide you through the top options. We’ll make sure you get the best deal for your unwanted gift cards.

Key Takeaways

• Top gift card exchange sites for cash
• How to maximize your earnings
• Tips for choosing the best site
• Popular gift cards in demand
• Safe practices for selling gift cards online

Why People Sell Their Gift Cards

Gift cards are often given with joy but end up unwanted. This can happen for many reasons. For example, the card might be for a store they never go to or have a small balance.

Unwanted or Unusable Gift Cards

Many people get gift cards for places they don’t visit. A card for a certain clothing brand or restaurant might not be useful if they prefer others. Turning these unwanted gift cards into cash is a smart move. Also, some cards have restrictions or expire, making them useless.

Emergency Cash Needs

At times, people need cash fast for unexpected costs or emergencies. Selling gift cards can quickly provide the funds needed. Whether it’s for car repairs, medical bills, or other urgent needs, gift cards can be a lifesaver. Selling them is easy, helping people get the cash they need fast.

Reasons to Sell	Benefits
Unwanted Gift Cards	Convert to cash for desired items or services
Emergency Cash Needs	Quick source of funds for unexpected expenses

Understanding the Gift Card Resale Market

The gift card resale market is booming. It lets people turn unwanted gift cards into cash. This growth is fueled by those who want to exchange unused gift cards for money.

This market is great for sellers. They can get a big chunk of the gift card’s value. It’s perfect for those with gift cards they can’t use.

The Size of the Secondary Gift Card Market

The secondary gift card market is huge. It’s worth billions of dollars. Market research shows it’s getting bigger as more people use online platforms to buy and sell gift cards.

Year	Market Size (Billions)
2020	$2.5
2021	$3.0
2022	$3.5

Typical Payout Percentages

Sellers can get 50% to 90% of the gift card’s value. This depends on the platform and the card’s issuer. Cards from big retailers usually have higher payouts than those from smaller brands.

Several things affect the payout percentage. These include the card’s demand, its expiration date, and transaction fees. Knowing these can help sellers get the most from their gift cards.

How Gift Card Selling Works

The gift card resale market offers many selling options. You can sell online or in-person, depending on what you prefer. Knowing how it works can help you get the best value from your unwanted gift cards.

Online vs. In-Person Selling Options

You can sell gift cards online or in-person. Online sites like CardCash, Raise, and GiftCardGranny let you sell from home. On the other hand, selling in-person at places like grocery stores or pawn shops gives you cash right away.

Online Selling: It’s convenient and might pay more, but you have to ship the cards or verify them.

In-Person Selling: You get cash fast and it’s more personal, but you might get less money.

The Verification Process

Most platforms require a verification process to keep things safe. This checks the gift card’s balance, if it’s real, and who you are. “Verifying the gift card’s details is a critical step in the selling process, as it helps protect both the buyer and seller from possible disputes.”

The verification steps can differ but usually include:

• Checking the gift card’s balance online or over the phone
• Providing proof of purchase or gift card receipt
• Confirming the seller’s identity through ID verification

Selling Option	Verification Requirements	Typical Payout
Online	Balance check, ID verification	70-90%
In-Person	Balance check, sometimes ID	50-80%

Is Selling Gift Cards Legal?

Before you sell your gift cards, it’s key to know the legal side. The rules on selling gift cards change with each state. They depend on state laws and the gift card issuer’s policies.

State Laws and Regulations

States have their own rules about selling gift cards to others. Some laws limit or control this practice. For example, some states might ask you to show the gift card’s balance or have rules on resale fees.

Store Policies on Gift Card Resale

Many stores don’t want you to resell their gift cards. Their rules are usually in the card’s terms and conditions. Breaking these rules could lead to the card being canceled or other penalties.

State	Gift Card Resale Law	Store Policy Restrictions
California	Permitted with disclosure	Yes
New York	Restricted for certain cards	Yes
Texas	Generally permitted	Varies by retailer

Factors to Consider When Selling Gift Cards

To get the most from selling gift cards, knowing what affects sales is key. Several things can change how much you get for your cards.

Payout Percentages

Payout percentages differ a lot between platforms. This can really change how much cash you get. It’s smart to look at rates before choosing where to sell.

Payment Methods

The payment method you pick can also matter. Some sites let you choose from direct deposit, PayPal, or check. Think about what’s best for you and any fees that might come with it.

Processing Time

How fast you get paid is another big factor. Some places pay you right away, while others take days. Knowing this helps you plan better.

To make things clearer, here’s a comparison table:

Platform	Payout Percentage	Payment Methods	Processing Time
CardCash	Up to 92%	Direct Deposit, Check	1-3 business days
Raise	Up to 50%	PayPal, Direct Deposit	Instant to 3 business days
ClipKard	Up to 90%	Direct Deposit, PayPal	1-2 business days

7 Best Places To Sell Gift Cards For Cash

When you want to sell your gift cards, pick sites that give good returns and are easy to use. CardCash, Raise, and ClipKard are among the best. They offer great benefits like high payouts and simple interfaces.

What Makes a Good Gift Card Exchange Service

A top gift card service should havecompetitive payout rates, be easy to use, and keep transactions safe. It’s also good if you can compare rates and choose how you get paid. Clear info on fees and how long it takes to process is a plus.

When picking a service, look at payout percentages, payment options, and how fast they process. This helps you find the best service for you.

1. CardCash

CardCash makes it easy to turn unused gift cards into cash or other gift cards. It’s known for its simple interface and good payout rates.

How CardCash Works

Using CardCash is easy. Just go to the CardCash website and enter your gift card details. This includes the card number and how much is left on it. CardCash then offers you a price for your gift card based on its value.

If you like the offer, CardCash sends you a prepaid shipping label. This lets you send your gift card to them for free.

Payout Rates and Options

CardCash offers good payout rates for gift cards. The amount you get depends on the retailer and the card’s value. You can choose to get paid by check, PayPal, or as a gift card to a popular store.

CardCash often pays more for gift cards from well-known retailers.

Pros and Cons

CardCash is easy to use and offers many payout options. It also has a high rating with the Better Business Bureau, showing good customer service. But, some users say the payout rates can be lower than other sites.

Also, CardCash has a minimum payout threshold for some gift cards. This might slow down your sale if you’re not aware of it.

Overall, CardCash is a solid choice for selling unwanted gift cards. Knowing how it works and what to expect helps you decide if it’s right for you.

2. Raise

Raise is a standout in the gift card exchange world. It offers a simple and quick way to sell gift cards. With its strong features and focus on customers, Raise is a top pick for those wanting to turn unwanted gift cards into cash.

How Raise Works

Raise is an online marketplace for selling unwanted gift cards. Users start by listing their gift cards, including the balance and store. Raise then makes an offer based on the market price. If the user agrees, Raise handles the sale, and the user gets paid through their choice of method.

Payout Rates and Options

Raise offers good payout rates for gift cards. You can get paid via direct deposit, PayPal, or check. The payout rate varies by retailer and card balance. Popular brands often have higher rates, sometimes up to 90% of the card’s value.

Pros and Cons

Pros: Raise is easy to use, making it simple for sellers to list their cards. It also ensures secure transactions and quick payments.

Cons: Payout rates might be lower for less common retailers. The verification process can also slow down sales.

In summary, Raise is a good choice for selling gift cards. Knowing how it works and what it offers helps users decide if Raise fits their needs.

3. ClipKard

ClipKard is a big name in the gift card resale world. It makes it easy to sell unwanted gift cards for cash. Its simple design makes selling gift cards online a breeze.

How ClipKard Works

ClipKard’s method is easy: just enter your gift card details, and you get an instant quote. If you agree, they send a prepaid label to mail your card. After they get it, they pay you in a few business days.

Payout Rates and Options

ClipKard gives good payouts for many gift cards. You can get paid by check, PayPal, or direct deposit. The amount you get depends on the card and the retailer.

Pros and Cons

Pros: ClipKard is easy to use, and its payouts are fair. They even send a prepaid label, making things simple.

Cons: Some say the payouts could be better. Also, some payment methods come with fees.

When choosing a gift card service, think about the good and bad points. ClipKard is a good choice for quick and easy cash from unwanted gift cards.

4. GiftCash

GiftCash is a trusted gift card exchange service. It offers good rates for unwanted gift cards. The platform makes selling gift cards easy and stress-free.

How GiftCash Works

Using GiftCash is easy. First, go to their website and enter your gift card details. This includes the card number and amount. Then, you get an instant quote based on the card’s value.

If you like the offer, create an account or log in if you have one. You’ll get instructions on how to mail your gift card. Sometimes, you can use an electronic process if the card issuer supports it.

Payout Rates and Options

GiftCash gives competitive rates for many gift cards. The rates change based on the card issuer and balance. You usually get 50% to 90% of the card’s value.

After processing, you can get paid through PayPal, direct deposit, or a check. This gives you flexibility in how you receive your money.

Pros and Cons

GiftCash has many benefits. It’s easy to use, pays quickly, and accepts many gift cards. But, some users have seen different payout rates. Also, some payment methods might have fees.

Feature	Description
Payout Rate	50% to 90% of gift card value
Payment Options	PayPal, Direct Deposit, Check
Processing Time	Typically within a few business days

One user said, “GiftCash has been a lifesaver for unwanted gift cards. The process was easy, and I got my payment quickly via PayPal.” This shows how convenient and efficient GiftCash can be.

In summary, GiftCash is a good choice for selling unwanted gift cards. While rates can differ, it’s generally reliable and easy to use.

5. Gift Card Granny

Gift Card Granny makes it easy to turn unused gift cards into cash. It’s a simple way to exchange unwanted gift cards for cash. This makes it a great choice for those looking to sell their cards.

How Gift Card Granny Works

Using Gift Card Granny is easy. Just visit their website and enter your gift card details. This includes the card number and the amount. They then offer you a price based on the card’s value.

If you like the offer, they send a prepaid label for you to mail your card. After they verify it, they pay you the agreed amount.

Payout Rates and Options

Gift Card Granny offers good payout rates for many gift cards. The rates can change based on the retailer and the card’s condition. They also have different ways to pay, like direct deposit, PayPal, and check.

Pros and Cons

When thinking about Gift Card Granny, it’s good to know the pros and cons.

Pros	Cons
Easy and quick process	Payout rates may vary
Competitive payout rates	Limited payment options for some users
Variety of gift cards accepted	Shipping costs are borne by the seller (though they provide a prepaid label)

Gift Card Granny is a solid choice for selling unwanted gift cards. It offers a simple experience and fair prices. It’s among the best sites to sell gift cards for turning unused cards into cash.

6. GameStop (for Gaming Gift Cards)

For gamers wanting to turn unwanted gaming gift cards into cash or store credit, GameStop is a top choice. It’s known for its wide range of gaming products and services. This makes it a reliable spot for gamers to trade in their gift cards.

How GameStop’s Trade-In Works

GameStop’s trade-in process is easy. Gamers can go to their local GameStop store or use the website to start. They just need to enter the gift card details to find out its trade-in value.

After checking the gift card info, GameStop tells the gamer how much it’s worth. This amount can be used for cash, store credit, or even other rewards like gift cards to other stores.

Payout Rates and Options

The payout rates for gift cards at GameStop depend on the card’s issuer and balance. They usually offer good rates for popular gaming gift cards. Gamers can get their payout in cash, store credit, or even through mail-in offers for more rewards.

Gift Card Type	Payout Rate	Payout Options
Gaming Gift Cards (e.g., Xbox, PlayStation)	80-90% of card value	Cash, Store Credit
Other Gift Cards (e.g., Amazon, iTunes)	60-80% of card value	Cash, Store Credit, Mail-in Offers

Pros and Cons

Pros: GameStop is a trusted and easy way for gamers to trade in their unwanted gift cards. The process is fast, and there are many payout options.

Cons: The payout rates can change, sometimes not as high as other services. Some gamers might prefer online options over in-store trade-ins.

In summary, GameStop is a good choice for gamers trading in their gift cards. Knowing how the trade-in works, the rates, and options helps gamers make smart choices about their gift cards.

7. Coinstar Exchange Kiosks

For those who like a more hands-on way to sell gift cards, Coinstar Exchange Kiosks are a great option.

How Coinstar Exchange Works

Coinstar Exchange Kiosks make it easy to turn unwanted gift cards into cash or e-gift cards.

Just pick the gift card type, enter the details, and choose how you want to get paid. The kiosk will then offer you cash or an e-gift card based on the card’s value.

If you like the offer, the kiosk will show you how to get your payout. For cash, you’ll get a voucher to use at the store’s service desk.

Available Locations

Coinstar Exchange Kiosks are everywhere. You can find them in grocery stores, pharmacies, and shopping centers all over the United States.

Store Type	Number of Locations
Grocery Stores	Over 10,000
Pharmacies	Over 5,000
Shopping Centers	Over 3,000

Pros and Cons

Using Coinstar Exchange Kiosks has its ups and downs. The good news is that it’s fast, and you can get cash or an e-gift card right away.

But, the payout rates can change, and some people might get less than they expected.

• Pros: Convenient in-person service
• Quick transaction process
• Multiple payout options
• Cons: Variable payout rates
• Limited to participating stores
• “I was able to exchange my unwanted gift card for cash quickly and easily at a Coinstar Exchange Kiosk in my local grocery store.”

A satisfied customer

Physical Locations to Sell Gift Cards

For those who like a hands-on approach, selling gift cards in person is a good option. Many places, like retailers and financial services, have kiosks or counters. Here, you can swap your unwanted gift cards for cash or other rewards.

Grocery Stores with Gift Card Exchanges

Some grocery stores have kiosks for exchanging gift cards. These kiosks, found in certain supermarket chains, make it easy to swap your cards for cash or other gift cards. It’s handy if you’re already doing your shopping.

For example, big retailers have teamed up with gift card exchange services. They offer in-store kiosks. This is great for those who like to deal with things face-to-face.

Pawn Shops

Pawn shops are also places where you can sell your gift cards. They give cash for many items, including gift cards. But, keep in mind, pawn shops might not pay as much as other services.

A pawn shop owner said, “We make it easy to turn unwanted gift cards into cash. But, our rates might not be as high as online services.”

Check Cashing Stores

Check cashing stores also offer gift card exchange services. They’re good for those who need cash fast. But, make sure to compare their rates with others to get a fair deal.

A recent survey found many people choose check cashing stores for their gift card needs. They like the convenience and quick service.

Tips for Getting the Best Rates

To get the most from selling gift cards, knowing the right strategies is key. Selling gift cards is simple, but finding the best rate takes some effort and planning.

Timing Your Sale

The time you sell your gift card can greatly affect the rate you get. Gift card rates change with demand. So, watching the market is important. For example, cards for popular stores might have higher demand during holidays, leading to better rates.

Comparing Offers Across Platforms

Don’t accept the first offer you get. Look at rates on different platforms to find the best deal. Websites and apps that compare rates can help you find the highest bidder.

Negotiating Better Rates

Some places let you negotiate the rate. Try negotiating, even more so for high-value cards. Explain why you deserve a better rate, like the card’s value or your loyalty to the platform.

By using these tips, you can increase your chances of getting top rates for your gift cards.

Safety Considerations When Selling Gift Cards

When selling gift cards, it’s key to know the risks and how to avoid them. This way, you can safely turn unwanted cards into cash. It’s important to stay safe to avoid scams and keep your personal info secure.

Avoiding Scams

Scams are a big concern when selling gift cards. Scammers prey on people trying to sell cards, using fake sites or emails. To stay safe, follow these tips:

• Stick to trusted gift card exchange sites and platforms.
• Be wary of emails or messages asking for personal or financial info.
• Don’t share gift card or payment details without checking the deal is real.

Protecting Your Personal Information

Keeping your personal info safe is also critical. Here are some ways to do it:

Tip	Description
Use secure connections	Make sure the site you’re on has a secure connection (https) to protect your data.
Limit information sharing	Only share the info needed for the transaction and avoid sharing sensitive data.
Monitor your accounts	Watch your bank and credit card statements for any odd activity.

By understanding the risks and taking steps to prevent them, you can sell gift cards safely and securely.

FAQ

What are the best places to sell gift cards for cash?

Top places include CardCash, Raise, ClipKard, GiftCash, and Gift Card Granny. GameStop is great for gaming cards. You can also try Coinstar Exchange Kiosks.

 

How do I know if a gift card exchange service is reputable?

Check for good customer reviews and clear payout rates. Look for a simple verification process. Services accredited by the Better Business Bureau or Trustpilot are trustworthy.

 

Can I sell unwanted or unusable gift cards?

Yes, many services let you sell unwanted gift cards. You can get cash or other payments in return.

 

Are there any fees associated with selling gift cards?

Some services charge fees, others don’t. Always check the terms and conditions to understand any fees.

 

How long does it take to receive payment after selling a gift card?

Payment times vary. CardCash offers instant PayPal payments. Others might take a few days.

 

Can I sell gift cards from any store?

Most services accept gift cards from many retailers. But some might have exclusions. Always check their policies.

 

Is it safe to sell gift cards online?

Yes, if you use a reputable service. Be careful of scams and only share info on secure sites.

 

Can I negotiate the payout rate for my gift card?

Some services might let you negotiate, but it’s not always possible. The rate is often set by their algorithms.

 

Are there any tax implications when selling gift cards for cash?

It’s best to talk to a tax professional. Selling gift cards for cash might be seen as taxable income.

 

Can I sell gift cards in person?

Yes, you can sell gift cards in person. Try Coinstar Exchange Kiosks, pawn shops, or check cashing stores. Some grocery stores also offer this service.

Conclusion

Selling unwanted gift cards for cash is a smart way to make money. It’s all about knowing the market, picking the right place, and understanding how much you’ll get.

We looked at the top spots to sell gift cards, like CardCash, Raise, and GiftCardGranny online. You can also try places like grocery stores and pawn shops. Each spot has its own good and bad points, and how much you get depends on the card and the place.

To get the best deal, compare offers from different places. Think about how you’ll get paid and how long it will take. Watch out for scams too. With these tips, you can sell your gift cards wisely.

In short, selling gift cards for cash is easy if you know what to do. Pick the best platform and keep an eye on the rates. This way, you can turn your unused gift cards into cash.