Table of Contents Hide
- Gift Card Exchange Definition
- Why Sell Gift Cards?
- 21 Best Places to Sell Gift Cards
- #1. Cardpool
- #2. Check into Cash
- #3. Ebay
- #4. Gift Card Granny
- #5. Raise
- #6. CardCash
- #7. CardKangaroo
- #8. GiftCardSwapping
- #9. Monster Gift Card
- #10. Purse
- #11. GiftCardBin
- #12. Gameflip
- #13. Reddit Gift Card Exchange
- #14. QuickCashMi
- #15. Gift Me
- #16. Save Ya
- #17. EJgiftcards
- #18. GiftCardSpread
- #19. CardSwap
- #20. Pls247
- #21. 1FirstCashAdvance
- Which Gift Card is the Highest Rate 2023?
- FAQs about Gift Card Exchange
- Are gift card exchange sites safe?
- Can i exchange amazon gift card for cash?
- How does gift card exchange work?
- Related Articles
In 2023, there are numerous gift card exchanges where one can sell gift cards online electronically. You may fall into the hands of online scammers if you are not cautious.
However, in this article, we will discuss the best gift card exchange in 2023, where you can trade gift cards online instantly.
Gift Card Exchange Definition
A gift card is a type of prepaid debit card that contains a set amount of money that can be used for a variety of purchases.
Gift cards are prepaid debit cards that can be loaded with funds for future use. There are two kinds of gift cards: open-loop cards and closed-loop cards. Both types are commonly used both online and in person.
Many gift cards will have an initial loading amount that is both minimum and maximum. A typical minimum is $10, and a typical maximum is $500. They can be used to pay for a portion of a purchase in some cases, with cash, debit, or credit used to balance the expense.
Many gift card exchanges for cash can also be registered online as a precaution to reduce the risk of losses—a procedure that allows the remaining balance to be tracked and frozen if a card is lost. As a result, some gift cards are safer than cash.
In sum, a gift card is a type of prepaid debit card that has funds loaded onto it for future use.
Why Sell Gift Cards?
Without further ado, here are some compelling reasons why you should sell gift cards.
- Customers who use gift cards typically spend 20% to 50% more than the average purchase amount.
- At some point in their lives, 93 percent of Americans have given or received a gift card.
- Gift cards have been the most popular holiday gift for the past ten years.
- When redeeming a gift card, 72 percent of purchasers spend more money than the card’s value.
- American households have an average of $300 in unused gift cards.
- Christmas is the most popular occasion for gift card purchases, followed by birthdays and Mother’s Day.
- Gift cards will cost the average holiday shopper $213.49.
- The amount of money spent on gift cards in the United States exceeds the GDP of 136 countries.
- During the holiday season, at least 19% of gift card purchasers will purchase a coffee shop gift card.
- Gift cards are the most popular holiday present.
- Teens are the recipients of most gift cards.
- Plastic gift cards have been shown to increase sales by 50% to 100% when compared to paper gift certificates.
- Over 45% of people will not use their entire gift card.
21 Best Places to Sell Gift Cards
If you’re wondering where to sell gift cards online or in person, look no further than our list.
- Check into Cash
- Gift Card Granny
- Monster Gift Card
- Reddit Gift Card Exchange
- Gift Me
- Save Ya
Cardpool is one of the most well-known and trustworthy gift card exchange platforms available. The Better Business Bureau has given the company an A+ rating.
Cardpool allows you to sell gift cards for cash.
The website has one of the best exchange rates for unused gift cards. It is possible to earn up to 92 percent of the card’s value, making it arguably the best place to sell gift cards.
Simply go to the website, tell it which gift card you want to sell, and you will receive offers.
If you accept the offer, you must send your credit card to Cardpool.
When Cardpool receives your card, you will be paid via check within one business day.
#2. Check into Cash
Check into Cash is a payday lender. While we DO NOT recommend payday loans, the company does provide a gift card service.
You can exchange your gift card for cash by selling it to Check into Cash.
It accepts credit cards from a variety of well-known retailers, including:
Both new and partially used cards are accepted on the website.
You simply need to take your card to one of the company’s locations to receive a quote.
Visit this page and enter your zip code to find the nearest store.
Remember that the brand only accepts cards with a balance of $20 or more.
Remember to bring your driver’s license to the store, as your identity will need to be verified.
Consider eBay if you’d rather set your price for your gift card rather than sell it directly to a website for the quoted price.
You can list your card on eBay and set the price you want for it. Of course, keep in mind that eBay does charge fees.
#4. Gift Card Granny
Another reputable and well-known platform is Gift Card Granny.
You can sell gift cards for cash or exchange an unwanted gift card for one that you’ll use by using this simple website.
You simply need to go to the site, search for the brand/store on your gift card, enter the gift card’s balance, and then view the offers.
What’s intriguing about Gift Card Granny is that it gives you the option of selling your gift cards in a variety of ways.
Raise is a popular gift card platform that has been mentioned by NBC News, ABC News, Today, USA Today, and Time Magazine, among others.
Unlike many of the other places on this list. Raise allows you to list your gift card for sale rather than simply receiving an offer, accepting it, and getting paid.
This method of selling unwanted cards takes a little longer, but it can result in larger payouts.
Raise is free to list a card, but once sold, the site takes a 12 percent commission.
Payment methods include direct deposit, PayPal, and check.
Check out CardCash if you’re looking for an easy way to sell your gift card.
All you have to do is go to the website, enter a few details about your card, and you’ll be presented with offers.
One of the best features of CardCash is the ability to sell partially used cards.
You can either sell your gift card or exchange it for a different card that you prefer.
After your order is approved, you will be paid within one to two business days via check, PayPal, or direct deposit.
CardKangaroo allows you to exchange your gift card for cash.
You can sell cards for a wide variety of retailers and brands, including:
Banana Republic, JC Penny, Urban Outfitters and Pottery Barn
Simply obtain an offer online and mail your card to the company.
This is completely free because CardKangaroo provides you with a free shipping label.
If the brand for which you have a card isn’t on the list of websites, you can request a custom offer instead.
You can expect to be paid within 48 hours after the company receives your card.
You can get up to 92 percent cashback, which is quite impressive.
E-gift cards are not accepted by the company.
GiftCardSwapping is a website for exchanging gift cards. You can sell your gift cards or trade them for other gift cards on the site. So, if you’re looking for a gift card that you’ll use, you should look into this platform.
When it comes to selling, many users report that GiftCardSwapping does not provide a high percentage of the gift card’s value as other platforms.
According to reports, the site offers up to 75% of the card’s value, which is significantly less than companies like CardPool or Coinstar exchange.
Furthermore, there are fees associated with selling a card through GiftCardSwapping.
Swapping a card through the site, on the other hand, is free and can provide you with more value.
So, while this site is not the best place to sell gift cards, it is unquestionably the best option for people looking to exchange them.
#9. Monster Gift Card
It is extremely simple to sell a gift card through Monster Gift Card.
All you have to do is go to the website, find your card’s retailer, and get a quote.
If you accept Monster Gift Card’s offer, you simply mail the card to the company and receive payment in the form of a check.
Monster Gift Card generally only accepts cards with a value of $10 to $200.
However, the site states that if your gift card is worth more than $200, it may still be purchased. To obtain pre-approval, simply contact the site.
If you collect Bitcoin and have an unwanted Amazon gift card, you should look into Purse.
Purse allows you to exchange Amazon gift cards or Amazon gift card balances for Bitcoin.
You won’t receive traditional cash, but if you like cryptocurrencies, this is the website for you.
GiftCardBin is another great place to get rid of unwanted gift cards.
This company is great because you can sell gift cards both online and in person.
If you want to sell your gift card to GiftCardBin online, you must fill out an online request form. This is done through the website.
You only need to enter a few basic card details, such as the retailer, the expiration date, and the card’s balance.
This produces a quote for you. If you accept the offer and send the gift card, GiftCardBin will verify it and pay you via PayPal or check.
Check out Gameflip if you have a gaming gift card that you don’t want.
You can get cash for gift cards from places like Xbox Live, Amazon, PSN, and Google Play Cards on the website.
Similarly to Raise, you list your card for sale on Gameflip rather than selling it directly to the site.
How much you earn for your card is determined by how much you list it for – so you truly can set your price here.
However, Gameflip states that you’ll have the most success if you list your card for a discount of 2% to 15% off the original price.
With this website you can sell:
- Unused cards.
- Prepaid cards.
- Non-reloadable GC.
Once your GC sells, you get paid. You can choose to withdraw your earnings into:
- Your bank account
#13. Reddit Gift Card Exchange
While you might not think of Reddit as a place to sell things, you can use it to trade gift cards.
There’s a dedicated sub-Reddit for selling and buying unwanted gift cards, which we’ve linked to above.
Simply make a post about your card and set a price for it.
Then just sit back and wait for other users to respond.
In this sub-Reddit, users sell their cards, generally for cash via PayPal, or they exchange them for other gift cards.
All you need to get started on Reddit is an account, which is free to create.
QuickCashMI will pay you cash for your unwanted gift card.
You can sell cards for a wide variety of brands through this company, including:
- Ace Hardware
- Bed, Bath & Beyond
- Old Navy
- Rite Aid
There are a few ways to sell to the company:
- In-Person: You can visit one of the company’s locations and sell your card instantly. Although this method allows you to get cash fast, it offers the lowest payout.
- Via mail: You can send in your GC by mail. If you do this, you get the payment via check. This method offers the highest payout, but it’s also the slowest. It takes at least 10 business days – so if you’re looking to sell a card fast, then you might want to skip this one.
- Redeem online: If you send your GC code online instead, you receive more money than you would, by selling in person, but less than you would by selling it via mail. This method is quicker than sending the card in the mail though – it takes at least 5 business days.
#15. Gift Me
With Gift Me, you can exchange your gift card for cash.
Selling with this company is simply because it has a clean, easy-to-use user interface.
You can easily track your inventory, sales, and funds with Gift Me.
When your GC sells, you will be paid by direct deposit or check.
You are guaranteed to be paid within seven days or less if you work with the company.
#16. Save Ya
On Save Ya, you can get cash for your gift cards in two different ways:
- List it for sale
When you do this, you can set your own price. This means that you choose what you earn. Then, when your GC is sold you get paid via the payment method you choose.
- Sell it immediately
If you don’t want to list your card and have to wait until someone buys it, then you can choose to sell it to the website instantly. You can sell new and partially used cards. You get paid immediately, via:
- ACH deposit
With this method, you make cash quick, but you don’t get to set your own price.
You can earn money for cards from a huge selection of brands, from Barnes & Noble to Best Buy.
EJgiftcards allows you to select the specific gift card you want to sell from an extensive list of major brand stores and food chains. Following that, you enter the card’s balance dollar amount to receive an instant purchase offer.
If you accept the offer price, you must enter the card number and pin – both of which are associated with the correct card value. To receive the money, you must first register, then login, and then enter your PayPal email address.
The seller sets the price for the gift card(s) he wishes to sell by filling out an online form. The website responds with a confirmation or a counter-offer. If the seller agrees, he must upload his ID and credit card information within 24 hours.
Once the personal and credit card information has been verified, the payment is almost immediately processed.
CardSwap is a popular website for Canadians looking to sell gift cards for cash. Sellers can earn up to 92% of the value of their unused/partially used gift cards.
The card is listed on the site for buyers who are interested in purchasing it.
Buyers who use CardSwap to purchase gift cards may also earn SwapPoints, a special rewards program that allows them to redeem points for gift cards or cash.
If you’re looking for a way to sell gift cards in person, a trip to the nearest PLS274 location may be worthwhile. They only buy new or partially used gift cards (with a balance of more than $20 and less than $400).
To get a free quote on your gift cards, simply walk into the store with a valid state-issued ID and a debit or credit card.
If you agree, the money will be credited to your card or given to you in cash to spend as you see fit.
1FirstCashAdvance is a check-cashing and payday loan service that can get you what you need when you need it most. They offer services for all types of people, from those with no credit history to those who have a relationship with a bank or credit union but are in urgent need of small payday loans online. Consumers have access to a simple application process and once approved, they can have their money in as little as 24 hours.
1FirstCashAdvance provides check-cashing services so that you can cash your checks without having to go to the bank. It is not like a gift card, but you can also exchange it for some money.
Which Gift Card is the Highest Rate 2023?
Rather than storing your unwanted gift card in a drawer, you can sell it for a profit or exchange it for a card that you actually want.
Again, these are some of the best places to sell your gift cards because you’ll get the most money.
FAQs about Gift Card Exchange
Are gift card exchange sites safe?
Yes, the gift card exchange that we have mentioned in this article are all safe.
Can i exchange amazon gift card for cash?
Yes, you can exchange an amazon gift card for cash.
How does gift card exchange work?
Gift cards are prepaid debit cards that can be loaded with funds for future use. There are two kinds of gift cards: open-loop cards and closed loop cards. Both types are commonly used both online and in person.
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