Breaking Down How to Exchange Gift Cards for Cash in 2023
Updated: Jun 1
Let's face it—gift cards are great for when you don't know what to buy for someone, or when you just don't have the time to shop. But sometimes you receive a gift card that you don't need or want, and wonder how to exchange it for cash.
In 2023, this is an even more complicated issue with the passage of the Gift Card Reform Act (GCRA). The GCRA made it easier to exchange gift cards for cash in some cases, but also created more limitations in certain situations. So how can one make sure they're still able to easily and quickly exchange their unwanted cards for cash?
In today's article, we'll break down exactly how to navigate the changes made by the GCRA in 2023 and make sure you get the most out of your gift cards while making sure they're spent responsibly.
Selling Unwanted Gift Cards for Cash
Are you looking to exchange gift cards for cash in 2023? We've got you covered! In this day and age, it's easier than ever to turn those unwanted gift cards into cold, hard cash.
It's simple: all you have to do is locate a reputable website and sell your gift cards to them. Most sites will purchase your gift cards in exchange for cash payments that can be made through check, ACH, or PayPal. Best of all, customers can often receive up to 93% of the value of their gift cards!
So if you find yourself with an oddly-specific (and unwanted) gift card in your possession, don't despair! Just log on to a reputable website and get the most out of that card—all without ever leaving the comfort of your own home.
Exchanging Gift Cards for Bitcoin
In 2023, exchanging gift cards for bitcoin is a fairly simple process. This allows those who have been given gift cards as presents to trade them for a desirable cryptocurrency. There are a variety of platforms available that make it easy and secure to exchange your gift card for crypto.
The process begins by first finding an approved platform. Egifter is one such provider that allows you to buy nearly any kind of gift card, from Amazon to Visa and more. With Egifter, you can quickly enter the amount you want to purchase and add in your payment method with the provided gift card information.
Once you've done this, payment is instantly made to the bitcoin wallet address you provide. It's that simple! However, be sure to check all fees applicable before taking any action, as these may vary depending on the type of platform and payment methods used.
Setting Up a PayPal Account
If you’re looking to exchange your gift cards for cash in 2023, one easy way to do it is through a PayPal account. But before you can get started, there are some steps you'll need to take.
First, you'll need to sign up for PayPal. You can choose between two types of accounts—Personal and Business—depending on your needs. Once you’ve selected an account type and created your login details, you can move on the the next step.
The next step is to link a bank account to your PayPal account. You can only use your bank account with PayPal if it's been confirmed by the bank, so make sure that's settled before moving on. You will also need to provide other information so that PayPal can verify your identity and make sure everything is secure.
Once your bank account is linked and verified, you’re ready to start exchanging gift cards for cash. It's really just as easy as that!
Using Cash Value Estimators to Sell Gift Cards
If you want to exchange gift cards for cash in 2023, one company to look into is CardCash. With their robust online marketplace, CardCash allows you to exchange unwanted gift cards for cash or other gift cards. They offer a pretty awesome deal: You can sell your unwanted gift cards for up to 92 percent cash back.
Using Cash Value Estimators to Sell Gift Cards can be a good way to get the most out of your transaction. Not only can you see the estimated value of the card before you decide to sell or buy, but CardCash also offers an assurance that they won't change the estimated value of your card once it's been purchased.
At CardCash, not only can you sell your unwanted gift cards for up to 92% cash back, but you can also purchase gift cards at a discount. For example, instead of paying full price for a $100 Amazon Gift Card, you might end up paying $90 in return for the same card. This kind of discount shopping opportunity really adds up over time and is definitely worth considering when deciding how best to exchange gift cards for cash in 2023.
Pros and Cons of Exchanging Gift Cards for Cash
If you're considering exchanging your gift cards for cash in 2023, it's important to know the pros and cons of this option. Sure, you can get some quick cash in exchange for those gift cards, but there's also a trade-off.
Pros
The most obvious benefit to selling your gift cards is the fast access to hard cash. It's a great solution for anyone who needs money fast and doesn't want to wait around for banks to fund transfer or process payments. And while you won't necessarily receive the full face value of the card, you'll usually get close enough.
Cons
The downside is that people who sell their gift cards often receive far less money than the gift card's face value. This is because there are fees involved with processing transaction and exchange rates that fluctuate on a daily basis. Additionally, in cases of theft or loss, the card can be frozen without losing the money in the card — so it's still possible that your exchanged funds could be seized after they've already been exchanged.
Therefore, it’s important to do your research before committing to exchanging your unused or unwanted gift cards for cash in 2023!
Tips and Tricks for Selling Gift Cards
You now know what options you have for selling your gift cards for cash in 2023. But there are a few more tips and tricks you should know about to make sure you’re getting the most out of your gift cards.
Here are a few:
Let customers trust staff recommendations: Your customers may not know all of the options available to them when exchanging their gift cards, so make sure your staff is well-versed on the different methods and can make informed, trustworthy recommendations.
Increase visibility of gift cards in physical space: Improve the visibility of your gift cards by using signs, displays and decorations in store or office space. You may even want to consider offering discounts or promotions when customers buy or exchange gift cards.
Sell gift cards online: You can also set up an online store to sell your unused or partially used gift cards for up to 92% of their value! This a great way to get cash quickly without leaving home.
Conclusion
While the concept of exchanging gift cards for cash is still relatively new and changing, it's important to understand the different options available to you when it comes to getting cash for your gift cards. Whether you choose to go through a third party like CoinZoom or use PayPal, it's important to do your research and know your options.
Bitcoin is also an option for those looking for quick and reliable cash for their gift cards. The process may take longer and involve more steps, but it can be beneficial if you're looking for a secure way to get cash from your gift cards.
Ultimately, when it comes to exchanging gift cards for cash, the power is in your hands. Think about your needs and do your research before deciding which path to take. With the right information, you can get the most money out of your gift cards in 2023.