Over $1 billion in gift cards go unused and wasted annually. That’s a lot of money to leave to waste. Today, I’m going to show you The Best Places To Sell Used, Unused and new Gift Cards For Instant Cash 2019 Anywhere in the World.
What are Gift Cards?
A gift card also called an also known as gift certificate in North America, or gift voucher/gift token in the UK is a prepaid stored-value money card issued by a retailer or bank, used for purchases or as an alternative to cash in a particular store or related businesses. Gift cards are a great present choice for your family or friends.
Amazon sells (almost) everything. This makes Amazon gift cards easy cash. The good news about selling your Amazon gift cards is that you can sell an unused or partially used gift card. As long as the balance is accurate, buyers are willing to buy gift cards using a variety of methods.
For whatever reason, you might prefer having actual money instead of an Amazon gift card. Here are a variety of ways that you can sell your Amazon gift cards for cash.
Most popular gift cards
4. Victoria’s Secret
6. Amazon (the most popular gift card this year)
7. Best Buy
Some of the most valuable Gift cards include iTunes Gift card, Starbucks Gift card, and Walmart Gift card.
Other nice gift cards are –
- Netflix Gift Card
- Best Buy
- eBay Gift Card
- Google Play Gift Card
- MasterCard Gift Card
- Disney Gift Card
- Victoria’s Secret Gift Card
- Visa Gift Card … list of gift cards
Types of gift cards
There are two major types of gift cards:
1. Cash Cards
Cash cards can be used anywhere for purchases anywhere, and they’re sponsored by companies like Visa, MasterCard, Discover, and American Express. These cards offer the greatest flexibility but are substitutes for cash.
2. Store Cards
Store cards are specific to a particular retailer, such as Itunes, Amazon, and Victoria’s Secret. You get a more personalized gift with the card. Some cards or certificates are only valid for 30-90 days.
How to activate a Gift card
Many gift cards need to be activated before they can be used. Once activated, you can begin enjoying them. You can activate your gift card by:
- Ordering/purchasing the gift card online or a reseller.
- Remove the sticker covering the activation number, then visit the URL or call the phone number to activate the gift card
- Enter the gift card identification number and activation code
You can use this method to activate any gift card. How do gift cards get Activated? Once the code is sent, the system processes it and your account is credited.
How to redeem gift cards Using POS
Gift cards will sell within 24 hours. You can sell digital gift cards for Amazon and almost any other store or restaurant. All you need to do is enter the gift card serial number in the Point of sale system (POS) scans a barcode on the gift card.
Then, the POS sends the transaction information to the gift card company, this activates the card. This barcode is unique and allows the card to be identified without the card number or pin. The retailer accepts the transaction, then the POS records the transaction on the retailer’s ledger. It’s that easy.
You can also redeem your Amazon Gift card here.
How do you make money from your gift cards?
Apart from selling gift cards to friends and family, on eBay(Jiji and OLX are not too ok.with the gift card option), Facebook, Naijaloaded Exchange, Twitter and Instagram that might be selling gift cards a bit rigorous but they are the best places to sell gift cards online in Nigeria.
You can also visit Sell Gift Card, paxtradings & igctrader to convert or sell iTunes, Amazon Gift Card For Bitcoins or Cash in Nigeria. there are top sites that will make this task easier and help you sell your used/unused gift card under 48 hours. Gift cards will sell within 24 hours. You can sell digital gift cards for Amazon and almost any other store or restaurant. All you need to do is enter the gift card serial number they include:
Cardpool is a website that lets you buy and sell gift cards (Target, Macy’s, Lowe’s, Best Buy and Amazon) from a wide variety of retailers. You get up to 92% of the value back. You can sell both physical and electronic gift cards on Cardpool.
When you get ready to sell, you have two options. You can either enter the value of the gift card you are selling and get an instant payout offer, or you can choose the payout you want. Gift cards are paid in checks.
This is the lucrative option can be trading your Amazon gift card and possibly increasing your earnings by 11%. CardCash is an online marketplace that lets you sell unwanted gift cards for cash or to trade for other gift cards. It is a good place to also sell gift cards online in Nigeria.
On CashCrate you can sell your gift card for cold, hard cash. CardCash lets you earn up to 92% of the selling price on each gift card sold. All Amazon gift card codes will be delivered electronically so you don’t have to worry about mailing the card to the buyer before you get paid. Cashcrate is a site where you can sell your Amazon gift card for cash in Nigeria.
Cashcrate offers you 3 payment options are PayPal, direct deposit, and check. Payments will be initiated within 48 hours of when the sale is finalized.
READ MORE: How to Get a Store in a Shopping Mall
4. Gift Card Granny
Gift Card Granny shows shoppers the lowest prices from several online marketplaces to quickly spot the best deal(this creates an incentive for buyers).
On Gift Card Grannyearn additional money by opening daily emails, buying gift cards, and referring friends to buy on Gift Card Granny.
Currently, Amazon gift cards sell for a 1% discount on Raise which allows you to earn a higher profit. You can sell digital gift cards for Amazon and almost any other store or restaurant. All you need to do is enter the gift card serial number and Raise will verify it for you.
Raise can be a good option for your other retail gift cards, you might have to choose another option from this list.
Gift card Bin is a nice gift card trading site. A smaller unwanted gift card marketplace is GiftCardBin. They allow you to sell your gift cards at a physical store or by mailing them into their processing centre. In-person sales garner immediate cash payment and online sales will be paid using PayPal after three to ten business days.
7. Giftcard Zen
Giftcard Zen is another selling possibility that always sells Amazon gift cards. You might be able to sell your cards on Giftcard Zen as well depending on their seasonal needs. They have recently teamed up with Retailmenot, another leading retail deal finder, that makes it easy for consumers to find online savings in a hurry.
Reddit is a popular social media platform that is a throwback in appearance to internet forums. While you can find subreddits (threads) on any topic, their Gift Card Exchange subreddit allows you to name your own selling price for your Amazon gift cards. In your listing, you can offer to complete the transaction using PayPal or a cryptocurrency such as Bitcoin or Ethereum. This is one of the best places to sell your gift card anywhere in the world.
Becoming a verified seller will give you an additional badge that will increase the likelihood of completing your sale. It’s free to sell on Reddit and they even allow trades. As an added layer of security, you can also request the subreddit moderators to perform a background check on a prospective buyer too.
9. Card Kangaroo
Another gift card marketplace is Card Kangaroo where you can sell or trade your Amazon cards. Whether you sell or trade, you will need to mail your gift cards into their processing centre.
It can take up to five business days for Card Kangaroo to receive your gift cards. Once received, you will be paid with PayPal within 48 hours. You can also choose payment by check too.
You may have thought those Coinstar machines you pass in the breezeway of your local supermarkets and retail stores only accepted your spare change. Some machines will also allow you to trade in your unwanted gift cards for cash. To find out, check out the Coinstar direct to see if they have the capability to accept gift cards.
READ MORE: 10 Juicy Ways to Make Money Playing Games
If your local Coinstar machines do not accept Amazon gift cards at this time, periodically check back. Their acceptance policy can be adjusted seasonally based on the current Amazon gift card supply within the Coinstar network.
It’s really easy to sell or trade your Amazon gift cards. Since there is a steady demand from buyers, you can sell your cards for the lowest trade fees and even make a profit. Both you and the buyer win and you get to walk away with some extra cash in your wallet.
Well, it depends on exactly what you are trying to accomplish. If you are buying a card for a friend or family member to allow them to make a purchase remotely, you can call them, text, or email the number. I would be careful of any of these methods due to the possibility of hackers getting the information. Now, if instead, someone you don’t know has asked you to do this for them, do not do it because it’s likely a scam. As soon as you give them the code they will enter it into their own Amazon account and use the money. They probably won’t pay you and you will be out however much money you spend on the card. Whatever you do, use caution.
Benefits of Gift Cards
- Selling a card creates upfront revenue for the store
- Redeemed Gift cards increase the initial value of the card
- Buyers with gift cards get the best deal
- Credit card companies & banks get benefits in merchant fees when shoppers redeem their cards.