Updated: Apr 8
Have you ever wished you had a way to get paid instantly? If so, then you’re in luck! Selling gift cards online is one of the easiest and most efficient ways to make money quickly.
Not only does it require little effort, but it also offers some of the highest payouts for unwanted gift cards. It’s fast, convenient, and secure—what’s not to love? And with more people than ever looking for ways to make an income on the side, selling gift cards is becoming increasingly popular.
In this article, we'll show you exactly how to get started selling gift cards online. We'll explain how the process works, from listing items on a marketplace (and getting paid) to finding the best offers and understanding your legal rights. So if you’re ready to make some extra money quickly and easily, keep reading!
What Are the Different Types of Gift Cards
Gift cards are a great way to make some extra cash, and the two primary types of gift cards you can take advantage of are open loop and closed loop.
Open Loop Gift Cards are the most popular, and include Amazon, Visa, iTunes, Walmart, and American Express. These cards come from either a single store or family of stores, and can be used at multiple locations.
Closed Loop Gift Cards are less common but still in high demand. These include Google Play, Steam, and Vanilla/OneVanilla cards. They offer a more specific return than open loop cards—they usually only work at the same store they were issued from—but they offer higher dollar values than their open loop counterparts.
Selling Gift Cards for Instant Cash – Buyer Beware
Looking to get paid instantly? Selling gift cards online can be a great way to get cash fast. But while selling gift cards can be a lucrative endeavor, buyers need to be aware that they are taking on some risk.
Unlike other payment methods, gift cards aren’t regulated as heavily and come with fewer protections for buyers. Discounted gift card buyers—those purchasing up to 40% off the face value of the card—are taking on the most risk, since scammers can easily sell cards online in attempts to make money quickly.
But it doesn't mean all hope is lost. To stay safe when reselling your gift cards online, research your buyer, thoroughly check the balance, and use secure payment options like PayPal or Venmo for your transactions. By taking these precautions—and understanding the risks associated with selling gift cards—you can start earning instant cash from the comfort of your own home!
Popular Gift Card Resale Sites and Reputable Sources to Sell Gift Cards
When it comes to selling gift cards for instant cash, you have a few options. CardCash is the most reputable site for selling gift cards online, with a well-known name in the resale industry. They'll give you up to 92% of your gift card's value, and you get paid within a few days.
Raise also offers good money for gift cards, plus additional cashback benefits when you become a member. You can also get paid by check or PayPal once your card is sold.
Meanwhile, CardSell is an app offering a secure and convenient way to sell gift cards with no fees deducted from the price you get—kind of like what happens with resellers like CardCash and Raise. With the CardSell app, all you need to do is upload the card information and wait on interested buyers who will offer their best prices.
How to Maximize Your Earnings on Sold Gift Cards
You may already know that you can make money off gift cards by selling them online, but did you know there are ways to maximize your earnings? Yes, it's true! Here are some tips to get the biggest return when selling your gift cards online:
Sell in Bulk
The more gift cards you sell at once, the higher your discount rate. Companies like Raise and CardCash offer discounts of up to 92% when you sell in bulk. And if there's a particular store or brand that is popular, stocking up on those can also help you get a higher discount rate.
Stack Gift Cards for Bigger Savings
While not all stores allow stacking of gift cards—typically only around 1-2% will—it doesn't hurt to search for retailers that let you do this as it could get you an even bigger return. This can be especially helpful when buying items with higher price tags and you want to save as much as possible. If done correctly, stacking of gift cards can even pay for 100% of a purchase!
Selling gift cards isn't just convenient and fast—it can be quite lucrative too! With these tips in mind, anyone can maximize their earnings on sold gift cards and turn those pieces of plastic into cash in no time.
Strategies for Staying Safe When Selling Gift Cards Online
It's easy and convenient to sell gift cards online, but it's important to make sure you're still staying safe with your transactions. Here are some tips that you can use while selling your cards.
Do Your Research
The best thing you can do is to research any gift card exchange website before using it. Make sure it’s legitimate, and read user reviews to get an idea of what previous sellers thought of their experience. Avoid any websites or services that have low ratings or bad reviews—these are the ones you want to stay away from!
Once you've found some reputable sites to sell your cards on, compare their prices. This will help you find the best deal for selling cards so that you can get the most money out of them.
Check Reviews of Potential Buyers
Some websites will allow buyers to rate and review their experience after they purchase a card from someone. Make sure to check reviews left by buyers before completing a sale, as this will give you an idea of whether or not they're trustworthy and reliable when it comes to paying for a gift card.
Use a Trusted Payment Method
Choose a payment method that is reliable, secure, and offers buyer protection in case something goes wrong with the transaction. PayPal is one example of a trusted payment method that will help ensure your payment is safe and secure when you sell gift cards online.
By being diligent about researching potential buyers and using secure payment methods, selling gift cards online doesn't have to be dangerous or risky — just make sure you take extra precautions!
What to Do With the Money You Make From Selling Gift Cards
You know how to sell gift cards online and get paid quickly, but how do you use the money you make? It depends on what you need, of course.
When you sell gift cards online through reputable sites, you can get a really good return on your investment. Think about it: if a gift card is worth $100, you can get between $70-$90 for it. That's free money!
You can obviously just spend the money as is. You deserve it; after all, now that you know how to get paid instantly from selling gift cards online, why not treat yourself?
Whether for retirement or a rainy day fund, taking some of the money from selling gift cards and putting it away is easier said than done—especially since the money comes in so quickly. Delaying gratification takes willpower but its longterm benefits outweigh short-term pleasure.
Investing in stocks or strategies that help generate returns can be a great way to make your initial payment go even further. Whether its stocks and bonds or starting up a business—the sky's the limit!
By exchanging gift cards for cash with no hidden fees or inflated percentages, selling gift cards online is by far the best way to turn unused items into something productive—and profitable!
All in all, selling your unwanted gift cards online for instant cash is an easy way to make some extra money. You don't have to worry about setting up a business or dealing with complicated signups; all you need is a valid email address to register on one of the trusted online platforms and start selling. With the right marketplace, you can be sure that your gift cards will be sold quickly and easily and you will get paid instantly.