The 5 Best Sites to Sell Gift Cards Online
Whether it’s a birthday, graduation, or holiday, chances are you’ll receive a stack of gift cards for any celebration. It’s also likely that you’ll end up with a few that you can’t use or don’t want.
Your boss may have given you a Starbucks gift card, but you’re not a coffee drinker. Or your Aunt Rita gave you a generous $75 for a steakhouse, but you’re a vegetarian.
There is no reason for this well-meaning gift to be wasted. Instead of leaving them languishing in a junk drawer or an unopened email somewhere, sell those gift cards for cash.
5 Best Places to Sell Gift Cards for Cash and Discounts
Ready to start selling gift cards? Start with these five sites.
Founded in 2009, CardCash is a no-frills marketplace for buying and selling gift cards. It accepts cards from all types of popular department stores, restaurants, grocery stores and more. Although the website says you can earn up to 92% of the value of a gift card, each card receives a unique quote which could be lower. CardCash pays you directly if your card is accepted.
Use CardCash quote tool to see the cash value of your gift card and to find out if you need to physically send it. You also have the option of redeeming the gift card for one at another store, possibly exceeding the value of your current gift card.
According to its website, ClipKard accepts physical gift cards from over 100 retailers. Fast food restaurants and department stores are particularly popular.
ClipKard’s quote tool will tell you if your card is currently accepted and, if so, how much cash it is worth. If you like the quote, you can ship your gift card to ClipKard using the prepaid USPS shipping label provided to you. If you’re in a hurry, you can choose to upgrade to priority shipping, and the price will be deducted from your payment.
game reversal is a unique way to get rid of your digital gift cards and other unwanted items. The e-commerce site is a mix of eBay and Upwork for gamers. When selling gift cards, like any other product or service on the site, you will need to make a list, which will require you to first make a Game Profile.
You may sell any unused prepaid, non-reloadable gift card for gaming platforms or other retailers. Popular gift cards include Steam, PlayStation, Xbox, iTunes, Google Play and more. With Gameflip, you have full control over the price, although it is recommended that you list your card at a discount of 2% to 15% of its value.
When someone purchases your gift card, Gameflip transfers the funds to your Gameflip wallet, which you can withdraw using Wise, Payoneer, Skrill, or Bitcoin. (PayPal is no longer supported.) Gameflip takes an 8% discount from all listings and an additional 2% discount from digital-only listings. Each wallet withdrawal method has its own associated costs.
As with other gift card redemption sites, you can get a quote from GiftCash before choosing to sell it. However, GiftCash does not allow the redemption of gift cards.
All gift cards must have a minimum value of $25. Some brands require a higher minimum value, such as $100 for Air Canada, Apple, iTunes and Petco. The maximum value of all gift cards is $2,000.
5. Pick up
Raise is a mobile payment app and e-commerce platform launched in 2013. Among other things, Raise lets you sell your unwanted gift cards on its marketplace. This means you will have to create a Raising account and a listing for your gift card.
As with any product, the higher the demand, the more you can ask for. Gift cards from major retailers like Walmart, Target, and Best Buy tend to sell in the marketplace for around 95% of their value.
You also retain control over your ad. If your card doesn’t sell in the first few days, you can always adjust the price to attract more buyers. Or you can unsubscribe if you change your mind. Once sold, Raise charges a 15% selling fee and, for physical cards, an additional $2.75 or 1% for shipping, whichever is greater.
If you’ve lost track, that means the maximum you can earn on a digital gift card is 85% of its value, if it sells for 100% of its value.
To help you figure out the best place to sell your unwanted gift cards, we compared several price estimates from popular stores in the fall of 2022. Here’s how the five gift card sites rank.
How much money your gift cards could earn
*Note: Estimated redemption prices for Gameflip and Raise were based on digital gift card prices currently listed and sold in their marketplaces, less applicable seller fees (10% and 15% respectively).
Tips for Selling Gift Cards Online
There are many websites to sell your gift cards, and each is a little different. Some will let users bid on your gift card, while others will buy it from you and then sell it themselves.
Here’s what to keep in mind when finding a buyer for that unwanted gift.
Consider ways to get paid
Depending on the service you choose, when you sell a gift card, you may receive a check in the mail, a PayPal or other digital payment, or a more useful gift card.
Payment apps can be fast, but keep those pesky transaction fees in mind if you want to maximize your payout. Checks may take a little longer, but they’re as good as cash. And depending on your spending habits, another gift card might be the best choice because the conversion rate will be the highest.
Each selection has its own advantages, so choose the one that best suits your needs.
Don’t sell gift cards on eBay
EBay has always been a popular place to buy and sell things online, but it might just be the worst way to sell gift cards.
First, an eBay buyer is unlikely to purchase your gift card for more than 80% to 90% of its value. For a $100 gift card, you can expect a loss of between $10 and $20 upfront.
On top of that, you may be liable for eBay listing fees, a final price fee, and a performance fee if your eBay seller account is not in good shape. These fees further eat into your income.
You might be thinking, hey, don’t Raise and Gameflip have referral fees too? They do. But these marketplaces specialize in selling gift cards, so the base value of your gift card is likely to be higher on Raise or Gameflip than on eBay. Also, with eBay, there’s no built-in way to check your gift card code or balance, which makes the selling and shipping process that much more complicated.
In short, stick with one of the five gift card selling websites above to get the most money possible for the Applebee gift card which is almost merged with your wallet.
Frequently Asked Questions (FAQ) About Selling Gift Cards Online
Here are our answers to some common questions about selling gift cards online.
How can I redeem gift cards for cash?
You can easily redeem gift cards for cash by selling the unused card directly to a gift card site like CardCash, CardKlip, or GiftCash. They will buy the card directly from you. Or you can list your gift card on marketplaces like Gameflip or Raise, where people can bid on your card and buy it from you. You’ll give up some of the value of the gift card, but you’ll have money you can use anywhere.
How can I get money for gift cards immediately?
When you sell your gift cards online, it is possible to get a Quotation immediately. In other words, you can easily and quickly check the value of your gift card. But the whole process of selling the gift card online will take much longer, especially if you need to send a physical card.
An option for faster money is through GiftCardBin, which partners with more than 600 businesses nationwide to purchase gift cards in person. Use its store finder to see if a partner is nearby. Then you can sell your gift cards for quick cash. However, you should expect a much lower quote than online exchanges.
Where can I sell unused gift cards?
You can sell gift cards for cash online and in person. Selling your gift card in person is the fastest way to get cash, but it’s not the most lucrative. GiftCardBin has hundreds of partners in the United States that offer cash for gift cards at a deep discount. The slowest and most lucrative way to sell gift cards is online, and you can earn up to 95% of the gift card’s value in cash using any of the gift card exchanges mentioned. above.
How much do you get for gift cards at Coinstar?
Coinstar has discontinued its gift card purchase services at all Coinstar terminals. However, if you use Coinstar to count your change, you can maximize your payout by choosing to accept gift card payment. This option allows you to bypass the fees associated with paying in cash.
Adam Hardy is a former Penny Hoarder writer. Writer Dana Miranda contributed to this report.