Ever get a gift card that you know you'll never use? Unwanted gift cards are laying inert in pockets and drawers for millions of Americans. (Photo : by Justin Sullivan/Getty Images)
Ever get a gift card that you know you'll never use? Unwanted gift cards are laying inert in pockets and drawers for millions of Americans. These neglected assets amount to a substantial financial loss. Fortunately, there's an easy fix: sell your gift cards on the internet!
A Marketplace for Unwanted Gifts
The days of letting unwanted gift cards collect dust are long gone. These days, you can turn those useless credit cards into cash thanks to a booming internet marketplace. Three well-known websites that are used to offer gift cards are broken down here:
Raise: An Easy-to-Use Platform Giving Buyer Power
Due to its extensive list of approved brands and user-friendly interface, Raise is a well-liked option. With this platform, you have greater influence over the sale price by being able to determine your own listing price. But the only gift cards that Raise would take are those that can be turned into e-gift cards or digital vouchers. They also tack on a 15% selling fee to the total sale amount.
CardCash: Immediate Offers and Quick Disbursements
CardCash provides immediate quotations for gift cards, making it easier for individuals looking for a more simplified process. This makes it unnecessary to haggle and gives you a clear understanding of what you will get up front. Fast payments are another feature of CardCash; when your card is received, money usually shows up in one to two days. Convenience does, however, have a price. Depending on the value of the card, CardCash charges a variable selling fee that can reach up to 21%. Furthermore, the majority of cards that they accept have a $500 maximum balance.
Gameflip: Reasonably Priced Services for Both Gamers and Non-Gamers
Gameflip is mostly recognized as a gaming marketplace, although it also offers gift cards for non-gaming purposes to its consumers. They provide an easy-to-use interface for effortless listing and selling, and they provide competitive selling fees ranging from 8% to 10%. When compared to other platforms, Gameflip's assortment of non-gaming cards is quite restricted.
Once you've chosen a platform, here are some tips to maximize your return on your unwanted gift card:
Research Market Value: Don't settle for the first offer you receive. Take some time to research the current market value of your specific gift card across different platforms. This will ensure you're getting a fair price.
Price Competitively: Striking a balance is key. While you want to get the most out of your card, setting an overly ambitious price might deter potential buyers. Research similar listings and set a competitive price that attracts buyers and yields a good return.
Consider the Card's Details: Factors like the card's denomination, expiration date, and brand can all affect its selling price. Generally, cards with higher denominations, popular brands, and longer validity periods fetch more money.
Selling unwanted gift cards online is a smart and practical way to recoup some extra cash. By following these tips and prioritizing safety, you can navigate the online marketplace and get the best deal for your gift card. Remember, selling isn't your only option. You can always donate your gift card to charity or use it yourself on a future purchase. The key takeaway? Don't let those unwanted gift cards gather dust! Turn them into cash and put them to good use.
The content provided on MoneyTimes.com is for informational purposes only and is not intended as financial advice. Please consult with a professional financial advisor before making any investment decisions.
