Convert Your Gift Card to Cash: What You Need to Know
Get the Most Out of Your Gift Card? Exchange It Now!
Have you got a gift card you've been sitting on and holding onto for far too long? Are you itchy to spend it and get the most value out of it? If so, then now is the time to exchange that gift card for cash.
Gift cards are great gifts, since they give us the freedom to choose what we want to buy. However, if that special store or restaurant isn't quite what we had in mind, exchanging a gift card for cash can be the perfect solution.
In this article, we'll show you how you can turn your gift card into cold hard cash — quick, easy and without leaving your home. We'll look at the various options for exchanging your gift cards online and near you at physical locations. Let's turn your gift card into money that can really work for you!
What Is Gift Card Exchange?
Gift card exchange is a great way to make the most out of a gift card. Whether you got one for yourself or received it as a gift, you can turn it into cash with just a few clicks. So, how does it work?
Essentially, gift card exchange is an online platform that allows you to sell your unwanted gift cards and get cash in return. All you have to do is search for the store name or select the brand of your gift card and enter the balance amount. From there, you can check out online offers from various buyers and make a deal that’s attractive to both parties.
It’s important to note that some platforms will offer more money than others, so be sure to research beforehand. You should also be aware that there may be some waiting period involved before your gift cards are sold and exchanged for cash—but the upside of having extra money in your pocket makes it worth it!
Types of Gift Card Exchanges
Gift cards are great presents that can actually become even more valuable if exchanged for cash. You can trade them in for cash or store credit at a gift card exchange or one of the many online gift card marketplaces, with varying trade-in rates and fees depending on the type of card.
Generally, there are three types of places where you can exchange your gift cards:
Gift Card Exchange: Here, you can trade in your unwanted cards directly with another person who was looking to buy your particular card and can get returns instantly.
Online Gift Card Marketplaces: These online exchanges offer a range of options from dozens of retailers and brands, and transactions may take up to several days to verify and complete.
Gift Card Kiosks: There are kiosks popping up all around where you can load up your gift cards, have them scanned and receive an instant offer for cash value that you can accept right then and there.
Look around to find the best rate according to what type of card you have; it could be worth more than you expect!
Benefits & Drawbacks of Gift Card Exchange
It's undeniable that there is great appeal to trading a gift card for cash. The freedom of having ready money at your fingertips is real and creating income from something you already have can be appealing. But as with anything, it’s important to understand the pros and cons associated with turning a gift card into cash.
Benefits
Though it may differ depending on where you exchange, some of the major benefits of exchanging your gift cards for cash are:
Fast turnaround time — Many gift card exchanges will give you an offer almost instantly.
Cash out without spending — Selling your gift card means you can get your cash without spending it all in one store or one day.
Earn extra money — Exchange platforms allow you to make more from whatever is currently sitting unused in your wallet or drawer.
Remove temptation — With cash in hand, you won't need to worry about using the cards for other purchases or losing them before they are used up!
Drawbacks
It’s important to consider a few potential downsides with exchanging your gift cards:
Low exchange rates — Depending on the company, there may be higher fees associated with selling those cards than if we just kept them to use ourselves!
Giving up rewards points — If you have a credit card linked to the retailer, don’t forget any rewards points associated with using the card could be lost forever when exchanging it for cash instead.
Lack of security — Wherever you decide to trade gift cards for cash, make sure it’s with a reputable business so that your personal information isn’t at
How to Cash Out & Sell Gift Cards for Cash Instantly
If you're ready to get cash for your gift card now, you're in luck. It's actually really simple to exchange your gift cards for cash. All you need to do is:
Find a reliable and secure gift card exchange site or app
Upload the gift card information, including the merchant and balance amount
Receive an offer in return for a percentage of the card's full value
Choose whether or not to accept that offer
If accepted, input your bank information or PayPal account details (depending on the exchange) to receive payment
Congrats—you’re done!
Most of these gift card exchanges will receive cash within minutes of accepting the offer, so you can have money in your bank account almost immediately. Plus, a lot of these services even allow you to donate your proceeds instead of receiving cash if that’s what you’d prefer (and is a great way to give back!).
Popular Sites for Selling Gift Cards & Getting Instant Cash
Online gift card exchanges allow you to quickly and easily turn your gift cards into cash. Most of these sites take a few steps to use - enter your card information, get an instant offer, and then receive a payout. Here are some of the most popular sites that allow you to sell gift cards for cash instantly:
CardCash: With CardCash, you can trade in gift cards for cash instantly by entering your card information and instant offer into their platform. Once accepted, you'll receive your funds in two business days or immediate PayPal credit.
Cardpool: Cardpool offers instant payment when you sell gift cards for cash on their website — with payment via direct deposit or check within one business day after redemption. Cardpool also has physical locations where you can exchange gift cards for cash — no shipping or waiting required!
Gift Card Granny: Gift Card Granny works with various merchants to help make it quick and easy to sell gift cards for cash online. You can enter your information, see an offer from one of their partners, and then get paid within one business day of redemption.
These are just a few of the many websites available that allow you to quickly exchange your gift card for cash and get back some of the money you put into it!
Where to Look for Local Stores That Offer Gift Card Exchange
Not sure where to look for local stores that offer gift card exchange? Don't worry, you've got options! First off, try the store where the gift card was purchased. Major retailers and large chains often accept cards from other companies and offer cash back when you exchange them.
You can also look for a third-party store near you that has a gift card exchange service. Many stores have dedicated departments or kiosks where you can swap your unused cards for cash or store credit.
Finally, there are online services that make it easy to exchange your gift cards for cash, like CardCash and Gift Card Granny. With these companies, you simply enter the information from your gift card into their website, get an instant offer on it, then send the card in for payment--it’s that easy!
The beauty of these services is that they rarely require any identification or verification documents before making a sale. So if you need to turn those unused gift cards into cash quickly and discretely, these sites can be a great option.
Conclusion
Gift cards may seem like the perfect gift for any occasion, but why not use them to get more for your money?
By exchanging your gift cards for cash, you can get the most out of them and turn them into something even better. Not only that, but you can do it quickly, conveniently, and securely.
Gift cards are great, but cash can be a lot more useful. So don’t let the money on your gift cards go to waste. Exchange them now and make your dollars go further!