If you have unwanted gift cards, you may be wondering where you can sell them. There are a number of places that buy gift cards, both online and offline.
Online marketplaces like CardCash and Raise allow you to sell gift cards for cash or other gift cards. You can also sell gift cards to local stores that specialize in buying and selling used gift cards.
In this article, we will discuss the different places where you can sell gift cards and how to get the best price for your cards.
Places That Buy Gift Cards
There are many places that buy gift cards, both online and offline.
- Online marketplaces
- Local stores
- Gift card exchange platforms
- Social media
- Peer-to-peer marketplaces
- Classified ads websites
- Banks and credit unions
- Gift card buyers
- Colleges and universities
It is important to compare prices from multiple places before selling your gift cards to get the best deal.
Online marketplaces
Online marketplaces are one of the most popular places to sell gift cards. These marketplaces allow you to list your gift cards for sale and connect with buyers who are interested in purchasing them. Some of the most popular online marketplaces for selling gift cards include:
- CardCash
- Raise
- GiftCard Zen
- eBay
When selling gift cards on online marketplaces, it is important to be aware of the fees that the marketplace may charge. Some marketplaces charge a listing fee, while others charge a percentage of the sale price. It is also important to factor in the cost of shipping the gift card to the buyer.
Once you have created a listing for your gift card, you will need to promote it to potential buyers. You can do this by sharing your listing on social media or by using paid advertising. The more people who see your listing, the more likely you are to sell your gift card quickly and for a good price.
If you are selling a gift card for a popular retailer, you may be able to get a good price for it. However, if you are selling a gift card for a less popular retailer, you may not be able to get as much money for it. It is important to research the value of your gift card before listing it for sale.
Local stores
Local stores are another option for selling gift cards. There are a number of stores that specialize in buying and selling used gift cards. These stores typically offer a lower price for gift cards than online marketplaces, but they may be more convenient for some people.
When selling gift cards to a local store, it is important to bring the physical gift card with you. The store will need to verify the balance of the gift card before they can purchase it. Some stores may also require you to provide identification.
The price that you will get for your gift card will vary depending on the store and the type of gift card. Gift cards for popular retailers typically sell for a higher price than gift cards for less popular retailers. You can also get a higher price for gift cards that have a higher balance.
If you are looking for a quick and easy way to sell your gift cards, then selling them to a local store may be a good option. However, if you are looking to get the most money for your gift cards, then you may want to consider selling them online.
Gift card exchange platforms
Gift card exchange platforms are websites that allow you to exchange gift cards for other gift cards or for cash. These platforms typically offer a lower price for gift cards than online marketplaces or local stores, but they may be more convenient for some people.
When using a gift card exchange platform, you will need to create an account and provide your personal information. You will then need to upload the gift card that you want to sell. The platform will then provide you with a quote for the gift card. If you accept the quote, the platform will send you a payment or a new gift card.
The price that you will get for your gift card will vary depending on the platform and the type of gift card. Gift cards for popular retailers typically sell for a higher price than gift cards for less popular retailers. You can also get a higher price for gift cards that have a higher balance.
If you are looking for a quick and easy way to sell your gift cards, then using a gift card exchange platform may be a good option. However, if you are looking to get the most money for your gift cards, then you may want to consider selling them online or to a local store.
Social media
Social media can be a good place to sell gift cards, especially if you have a large following. You can post about the gift cards that you are selling on your social media pages or in relevant groups.
- Facebook Marketplace: Facebook Marketplace is a great place to sell gift cards because it has a large audience of potential buyers. You can create a listing for your gift card and include a photo, description, and price.
- Instagram: Instagram is another good option for selling gift cards, especially if you have a visually appealing product. You can post a photo of your gift card and include a link to your website or PayPal account in your profile.
- Twitter: Twitter is a good place to sell gift cards if you have a large following. You can tweet about the gift cards that you are selling and include a link to your website or PayPal account in your tweet.
- Reddit: Reddit is a good place to sell gift cards if you can find a relevant subreddit. There are subreddits for all sorts of topics, so you should be able to find one that is relevant to the gift card that you are selling.
When selling gift cards on social media, it is important to be honest and transparent about the condition of the gift card and the price that you are asking for it. You should also be prepared to answer any questions that potential buyers may have.
Peer-to-peer marketplaces
Peer-to-peer marketplaces are websites that allow you to sell gift cards directly to other people. These marketplaces typically have lower fees than online marketplaces and gift card exchange platforms, but they may be less convenient for some people.
When selling gift cards on a peer-to-peer marketplace, you will need to create an account and provide your personal information. You will then need to create a listing for the gift card that you are selling. The listing should include a photo, description, and price.
Once you have created a listing, you will need to promote it to potential buyers. You can do this by sharing your listing on social media or by using paid advertising. The more people who see your listing, the more likely you are to sell your gift card quickly and for a good price.
When you sell a gift card on a peer-to-peer marketplace, you will typically receive payment via PayPal or another online payment service. It is important to be aware of the fees that the payment service may charge.
Classified ads websites
Classified ads websites are another option for selling gift cards. These websites allow you to post ads for free or for a small fee. When creating an ad for your gift card, be sure to include a photo, description, and price.
- Craigslist: Craigslist is a popular classified ads website where you can post ads for free. Craigslist has a large audience of potential buyers, but it is important to be aware of the scams that are common on the site.
- eBay Classifieds: eBay Classifieds is another popular classified ads website. eBay Classifieds has a good reputation for being safe and secure, but it does charge a fee to post ads.
- Facebook Marketplace: Facebook Marketplace is a classified ads platform that is integrated with Facebook. Facebook Marketplace has a large audience of potential buyers, and it is free to post ads.
- OfferUp: OfferUp is a mobile classified ads app that allows you to post and browse ads for free. OfferUp has a large audience of potential buyers, and it is easy to use.
When selling gift cards on classified ads websites, it is important to be honest and transparent about the condition of the gift card and the price that you are asking for it. You should also be prepared to answer any questions that potential buyers may have.
Banks and credit unions
Some banks and credit unions offer gift card exchange programs. These programs allow you to exchange gift cards for cash or for other gift cards. The exchange rate will vary depending on the bank or credit union and the type of gift card.
- Bank of America: Bank of America offers a gift card exchange program that allows you to exchange gift cards for cash or for other gift cards. The exchange rate is typically 95% of the face value of the gift card.
- Chase: Chase offers a gift card exchange program that allows you to exchange gift cards for cash or for other gift cards. The exchange rate is typically 90% of the face value of the gift card.
- Capital One: Capital One offers a gift card exchange program that allows you to exchange gift cards for cash or for other gift cards. The exchange rate is typically 85% of the face value of the gift card.
- American Express: American Express offers a gift card exchange program that allows you to exchange gift cards for cash or for other gift cards. The exchange rate is typically 90% of the face value of the gift card.
When exchanging gift cards at a bank or credit union, it is important to bring the physical gift card with you. The bank or credit union will need to verify the balance of the gift card before they can exchange it.
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Some colleges and universities offer gift card exchange programs. These programs allow students to exchange gift cards for cash or for other gift cards. The exchange rate will vary depending on the college or university and the type of gift card.
To exchange a gift card at a college or university, students will typically need to bring the physical gift card to the campus bookstore. The bookstore will then need to verify the balance of the gift card before they can exchange it.
The following are some examples of colleges and universities that offer gift card exchange programs:
- University of California, Berkeley
- University of Southern California
- New York University
- University of Michigan
- University of Wisconsin-Madison
Students who are looking to exchange gift cards should contact their campus bookstore to learn more about the exchange program.
FAQ
Here are some frequently asked questions about places that buy gift cards:
Question 1: What are the different ways to sell gift cards?
Answer 1: There are a number of ways to sell gift cards, including online marketplaces, local stores, gift card exchange platforms, social media, peer-to-peer marketplaces, classified ads websites, banks and credit unions, and colleges and universities.
Question 2: How do I get the best price for my gift cards?
Answer 2: The best way to get the best price for your gift cards is to compare prices from multiple places that buy gift cards. You can also try negotiating with the buyer to get a higher price.
Question 3: What are some tips for selling gift cards?
Answer 3: Here are some tips for selling gift cards:
- Be honest and transparent about the condition of the gift card and the price that you are asking for it.
- Be prepared to answer any questions that potential buyers may have.
- Promote your gift cards to potential buyers through social media, email, or other marketing channels.
Question 4: What are some things to avoid when selling gift cards?
Answer 4: Here are some things to avoid when selling gift cards:
- Don't sell gift cards that are damaged or expired.
- Don't sell gift cards for more than their face value.
- Don't sell gift cards to people that you don't know and trust.
Question 5: What are some of the most popular places to sell gift cards?
Answer 5: Some of the most popular places to sell gift cards include:
- Online marketplaces like CardCash and Raise
- Local stores that specialize in buying and selling gift cards
- Gift card exchange platforms like Gift Card Zen and Cardpool
Question 6: How can I find the best place to sell my gift cards?
Answer 6: The best way to find the best place to sell your gift cards is to compare prices from multiple places. You can also read reviews of different places to get an idea of their reputation.
Question 7: What are some tips for buying gift cards?
Answer 7: Here are some tips for buying gift cards:
- Buy gift cards from reputable sources.
- Check the balance of the gift card before you buy it.
- Be aware of the fees that may be associated with using the gift card.
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Tips
Here are some tips for getting the most out of your gift cards:
Tip 1: Use your gift cards as soon as possible. Gift cards can expire or lose value over time, so it is important to use them as soon as possible.
Tip 2: Check the balance of your gift card before you use it. This will help you avoid any surprises when you try to make a purchase.
Tip 3: Be aware of the fees that may be associated with using your gift card. Some gift cards may have fees for activation, usage, or dormancy.
Tip 4: Keep your gift cards in a safe place. Gift cards can be stolen or lost, so it is important to keep them in a safe place.
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Conclusion
Gift cards can be a great way to give and receive gifts, but they can also be a hassle to use. If you have unwanted gift cards, you can sell them to a number of different places, including online marketplaces, local stores, gift card exchange platforms, social media, peer-to-peer marketplaces, classified ads websites, banks and credit unions, and colleges and universities.
The best place to sell your gift cards will depend on a number of factors, including the type of gift card, the value of the gift card, and your own personal preferences. It is important to compare prices from multiple places before selling your gift cards to get the best deal.
Selling gift cards can be a great way to get cash for unwanted gifts. However, it is important to be aware of the fees that may be associated with selling gift cards. You should also be careful to avoid scams when selling gift cards.