Often people receive gift cards that they know they are not going to use. Why so? One of the common reasons is the gift card they get for a store at which they never shop. Maybe the shop location is too far from their way or too expensive.
The result is, piles of unused gift cards in your chest of drawers, which is a waste of money.
But why will you waste gift cards that you got from your dear or near ones when there are options to get value for them?
What will you do?
Sell unwanted gift cards for some cash - No more wasting that $25 or $30 gift cards that you received from your aunt or grandma.
You can get cashback of 60% to 90% depending on where you sell the cards.
Easy ways you can turn gift cards into cash
1. Find out online gift card resellers
These days, a number of online gift card resellers come with the cash offer for unwanted gift cards. Generally, a gift card's balance should be at least $20. You need to mail the card or submit the gift card's code electronically to get the payment.
You can sell gift cards at cardpool.com, giftcardgranny.com, cardcash.com, giftcardzen.com etc.
Online auctions, classified ads, or social media platforms are also good places to sell your gift cards. However, be aware of fraud activities while selling gift cards online.
2. Visit mall kiosks
Visit a kiosk at your local mall to sell your cards. You can get at least 75% of the card's value. You will get immediate cash, which is the best part of selling gifts cards at kiosks.
3. Access your favorite grocery store
Now, many grocery stores keep an automated gift card buying machine. You can sell your gift cards using that machine.
Follow these steps:
- Insert the card
- Accept the offer
- Collect the voucher
- Handover the voucher to the cashier for cash
4. Consider Coinstar exchange
You can get cash for your unused gift cards at Coinstar. Insert your gift card in the yellow colored Coinstar exchange machine to know how much money you will get.
Coinstar gives up to 85% of the value of the card.
Submit the receipt at the counter of the store to get the cash.
Things to know to turn the gift cards into cash
Turning gift cards into cash may sound simple, but you have to be extra watchful when dealing it with.
You need to show identity proof
You need to be prepared to show identification including a phone number, driver license/state ID card, credit card and an email address in the process of turning gift cards into cash.
Research well before you proceed
All gift cards buying websites are different when it comes to price and payment policy.
Some companies offer a good price but don't give immediate cash. On the other hand, some companies offer 50%-70% gift card value but give you instant cash.
So, it is advisable to read customers review and research before selling gift cards online.
Finally, before selling gift cards online to any company, check out the merchant's website carefully. Make sure the merchant have clear contact information.
Reliability and reachability and good customer services are the benchmarks of a good online company.