I wish I had known about the ability to exchange gift cards for cash last year when for Christmas I received a card to a theater chain. Fantastic…except that particular chain did not have a theater within 50 miles of me!
Does the above story fit you? What do you do when you receive cards from a store that you will never buy from or isn’t even close to you? Would you rather just cash in gift certificates, get something you really wanted and be done with it? Then selling gift cards for cash may become one of your best friends!
While you won’t receive the full face value of your card – usually 60 to 92% – you will receive cash you didn’t have before and the card will be re-sold to someone that can use it.
Here are 4 ways to get the most when you’re trading gift cards for cash:
Look for the Price Guarantee
Reputable sites will guarantee the stated value of the card you are purchasing. If they don’t, walk away.
Free Shipping Can Add Up
With the rising cost of mailing an envelope, you want to take advantage of those sites that offer to ship the card to you for free – those costs can add up fast!
Watch How you Receive Payment
Many card exchange sites will offer to pay you in multiple ways – Check, PayPal, Facebook Credits, Amazon Gift Card and more. Clarify if you will incur any fees with your choices. As an example, PayPal charges you when you receive a payment, so be aware of these additional fees.
Get On their Email List
Sign up for email notification – when the sites are in need of certain cards, they will let you know.