Even though many people buy gift cards as gifts for others, they go unused in a lot of cases — around $3 billion’s worth a year.
A lot of people get gift cards to redeem at retailers they don’t like, don’t use up the entirety of the card, or forget about them.
Forgetting or throwing away gift cards is burning money.
Here are five sites where you can reliably sell your unused or partially used gift cards.
As previously mentioned, it’s a tricky proposition trying to extract the full monetary value from an unwanted and partially used gift card. It’s a prime reason why so many people forget them and throw them into purses or desks.
CardCash is a gift card trading website that understands this conundrum. At CardCash you can sell your gift card or trade them for gift certificates at a retail business.
You will need to negotiate and haggle to sell your gift cards on desirable terms. Most sellers on CardCash never get more than 92% of a gift card’s value.
CardSell is a gift card selling website where you are matched online to retailers willing to buy your gift cards. And then you are paid via PayPal.
All you have to do is log onto CardSell and then download the app. You will be prompted to enter the gift card’s info and PIN number. Cardsell will then find a buyer for your card by networking with hundreds of retailers.
After finding a buyer, you can assess the offer and approve the sale. You will be paid in cash via PayPal within 48 hours.
GameFlip is a website that primarily serves gamers, but it is also a great website to buy, sell, or trade gift cards.
The GameFlip website has more than 6 million registered users, so you are highly likely to find a taker for the gift cards you sell here than at many other similar sites.
You will have to register on the website and create a profile. Then you will list the gift cards you want to sell in advertised posts on the site.
GameFlip advises that you sell your gift cards at discounts ranging from 2% to 15% to attract buyers. (GameFlip pockets an 8% commission for successful sales.)
The funds will be transferred to an online GameFlip wallet. You can then transfer the funds.
Raise is a gift card buy and sell platform where you alone can set the selling price for your gift card. You can sell gift cards with full or partial balances.
Gift cards listed on Raise should have a minimum balance of at least $10 and no more than $2,000. If you sell any gift cards then Raise gets a 15% commission for each sale.
ClipKard is a website that will professionally appraise your gift cards, assess their potential market value, and make an offer.
If you accept the offer, then you must mail the gift cards to ClipKard and then they will mail you back the payment. You can also accrue 1,000 reward points with the site for every $10 in gift card sales.