If you’ve received gift cards that you don’t want, don’t throw them away! There are plenty of ways to make money by selling gift cards online – more than enough to cover the cost of your own holiday shopping!
Whether you want to get rid of Walmart, Sephora, Target or another store gift card, here are six ways to sell unwanted gift cards for cash and make the most out of an unwanted gift this holiday season.
1) Checking with the Issuer
Sometimes, an establishment or corporation that issues gift cards has a trade-in program. Before you resort to sell unwanted gift cards on eBay or Craigslist, it’s best to check with whoever issued them. You may be able to save yourself a lot of time and effort if you can sell your gift card directly instead of going through an intermediary—and get some extra cash in your pocket as well.
2) Using Gift Card Purchasing Sites
Do a little research and find a site that will buy your gift card. There are plenty of websites out there. GC Buying is one platform that buys unwanted gift cards.
You enter in your card number, agree to their terms, and then get paid through a naira account as soon as you receive payment from them via email.
They have no fees or hidden charges – though they do charge slightly less if you sell an e-gift card than they do if you sell an actual plastic gift card.
3) Donating to Charity
One of the easiest ways to unload unwanted gift cards is through a donation. Many organizations—including schools, churches, hospitals and more—raise money by selling gift cards from hundreds of retailers.
If you’re looking to donate your card, check out sites like Cardpool or Raise; both offer easy-to-use tools that let you search for charities in your area that accept donations.
You can also sell unwanted gift cards on these sites if you don’t have time to make it to a local charity yourself. (Note: If you’re donating an iTunes gift card, make sure it hasn’t been used already.)
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4) Selling on eBay
eBay has long been a popular spot for listing if you want to sell unwanted gift cards. If you don’t mind getting a few dings on your eBay rating, listing an item takes only minutes and costs just 15 percent of your card’s total value, or $1 if it’s under $10. You can also opt to list directly on eBay, where it costs 10 percent of your card’s value plus 1 cent. Those are bargain rates!
Craigslist is a free online classifieds site. You can list products, services and other items you have to sell. Listing an item is totally free, but if someone purchases your item, you will be charged $1 per listing. It’s best to use cash when selling unwanted gift cards with strangers so you don’t run into any fraud issues.
5) Sell Locally
An alternative to sell unwanted gift cards online is selling them locally. If you don’t mind meeting up with someone face-to-face, try putting up a sign on bulletin boards at grocery stores or community centres where people are likely to be looking for extra cash.