Unused gift cards often go unused, but they can still be exchanged for cash or merchandise. Many online platforms such as CardCash and Raise offer cash-out options; offline methods include local pawn shops or cash-for-gift-card programs.
One of the fastest ways to convert gift cards into cash is selling or regifting them to someone.
Buying them and reselling them
There are various methods for turning gift cards into cash. While some methods are easier than others, others require research. When selling on Craigslist or similar sites it is wise to avoid peer-to-peer selling sites as these could lead to scams; use only reliable websites with buyer protections and money back guarantees instead.
Gift card exchange websites enable consumers to sell unwanted gift cards for cash at competitive rates, providing multiple payment options such as PayPal and direct deposit. Some also give users the opportunity to donate the value of their card directly to charity.
Selecting an appropriate gift card exchange website can make or break your reselling success. Look for one with multiple payment options and an intuitive user interface; additionally, look out for sites offering top seller listings allowing you to compare prices before selecting the most suitable option for yourself.
Gift cards can be difficult to use effectively; however, using it smartly is still possible and can make the most out of its value. Whether you own one for an unwanted store that you no longer visit or simply don’t wish to spend it all at once; there are various strategies available to you for cashing it in.
Selling them online
If you own gift cards from stores you no longer wish to shop at, it may be time to cash them out. There are various options available for doing this. One is selling them online via third-party websites that will offer direct deposit into your bank account of its value; others will even give a small profit margin. Alternatively, social media groups offering buy and sell groups will often have moderators as well as members willing to trade gift cards; alternatively you could trade it for something more desirable (which could work particularly well if it comes from retailers selling high demand items).
Another option for selling unwanted gift cards is selling them at local pawn shops; however, this can be risky due to scammers stealing credit and debit card information from victims. You can avoid this risk by using trusted websites, like GCBuying.
GCBuying is an excellent resource for individuals looking to sell gift cards, as it offers some of the highest exchange rates in the industry. Plus, this site accepts both ACH direct deposit and PayPal for fast, reliable payouts; plus it features an intuitive interface designed specifically to make using it a simple process for first-time users.
Selling them in person
If you have an unused gift card for a store or service that you no longer use, selling it could be the ideal way to dispose of them safely, conveniently, and cost effectively. There are a number of platforms offering this service – online platforms, in-person exchanges at kiosks/pawn shops/peer-to-peer sales – each offer different advantages; just ensure your data stays safe by choosing trusted marketplaces!
Many retail chains and large department stores feature kiosks that accept unwanted gift cards for cash, such as Target’s electronics section kiosk where you can bring in any unused cards to be sold back for up to 85% of its original value depending on demand and retailer – however other types of retailers such as pawn shops and gas stations might offer lower rates.
Sell gift cards on websites like eBay and Craigslist is another option, particularly if the retailer you bought them from has an active resale market, such as phones or laptops. GameFlip also specializes in gaming-related items for sale resale.
Gift cards can also be exchanged for money with friends and family members who frequently make home improvements; for instance, an unused home improvement store gift card could make an ideal addition.
Asking for a cash-out
Even the most thoughtful gift givers can overlook giving gifts you would use. However, there are ways you can convert these unwanted cards into cash!
One option would be to visit a nearby retailer and exchange your gift card for cash, although this won’t bring back its full value – yet still making some extra cash and getting rid of an unwanted present card!
An alternative way of cashing in unwanted gift cards is using an online exchange site. These websites allow you to either sell it directly for cash or exchange it for one that may better fit your needs; payout can typically come via check, direct deposit, Venmo or PayPal payment methods.
Give unwanted gift cards to charity! There are numerous organizations that accept them and turn them into cash donations for food, clothing and shelter necessities. Donating to an eligible charitable organization such as CharityChoice (which offers merchant selection) or Gift Card Bank (which accepts gift cards as grocery and clothing donations for those in need). Both donations could qualify as tax deductions.