Did you recently get a gift card but have no idea what to do with it? You’re not alone! Whether you got it from a relative, a friend, or even yourself, many people find themselves with gift cards that they don’t want or need and are looking for ways to exchange them for cash.
If that’s the case for you, don’t worry—there are plenty of options. Many businesses will happily buy your gift cards for cash, either in store or online. With the right approach, you can get money out of your gift card quickly and easily.
In this article, we’ll show you how to turn your unwanted present into extra spending money. We’ll discuss how to make the most out of your gift card by giving you the lowdown on which stores and websites will offer the best rates when exchanging gift cards for cash. Ready? Let’s dive in!
What Is a Gift Card Exchange?
Have you ever been stuck with a gift card that you don’t know what to do with? Most people have, at least once in their lives. Thankfully, there’s an easy way to turn them into cash—gift card exchanges.
Gift card exchanges are websites, kiosks or companies that allow consumers to buy and sell their unused gift cards for cash. For example, stores like Raise and CardCash offer up to 92% cash back for selling gift cards, making it a convenient way to get your money back from an unused gift card. You don't even need to leave your house—you can trade gift cards online for cash.
In addition to online exchange sites, there are also kiosks at many retail stores where you can exchange physical gift cards for cash right away. Just make sure you check if there's a fee first as some kiosks may apply one when you exchange your gift cards.
Types of Gift Cards That Can Be Exchanged for Cash
Most giftcards can be exchanged for cash but not all. Generally, the most popular retailers have exchange programs that allow you to resell gift cards for cash. Popular gift cards like Amazon, iTunes, Home Depot and Visa are generally more likely to be accepted by resellers. If you're unsure whether or not your particular card will be accepted, contact the retailer or research online for more information.
You can exchange your giftcard for cash through online resale sites and marketplaces. These sites and marketplaces buy gift cards from consumers at a discounted rate. For example, you may get up to 94% of the face value of your card if sold on established marketplaces like Gameflip or Raise. You may also find buyers in online classifieds websites like Craigslist or eBay.
Finally, some physical stores—including major retailers such as Walmart—have Gift Card Exchange kiosks where you can insert a gift card and receive cash in exchange right away! Depending on your location and the retailer involved, these kiosks can offer up to 92% of a card's face value in cash.
How to Exchange a Gift Card for Cash
Exchanging your gift card for cash is the fastest and most convenient way to turn those unwanted cards into usable cash. There are several companies that offer gift card exchange services, including CardCash, Raise, and GiftCash. They allow you to exchange your card for up to 93% of its value in return for a cash payment.
If you are looking for a quick and easy way to exchange your gift card for cash, then Gift Card Exchange kiosks are your best bet. These kiosks allow you to quickly scan your card and receive the balance of the value in cash in just a few minutes. You can find these kiosks at many malls, retail stores, supermarkets, and gas stations across the country.
It's important to note that some companies may charge a fee when exchanging your card so it's important to check before you commit to any service provider. Also be aware that not all gift cards can be exchanged at all locations so it's best to research options before trying them out.
Where to Exchange Gift Cards for Cash
If you're looking for somewhere to exchange your gift cards for cash, there are a few options out there. One of the most reputable sites for selling unwanted and unused gift cards is CardCash. This website helps businesses save money by offering discounts on their unwanted and unused gift cards. Similarly, GiftCash is an app that allows you to turn new and used gift cards into cash without having to wait for the store's site or app to process it. Plus, when it comes time to actually get the cash, CardCash offers several convenient payment methods like check, PayPal, direct deposit and bank transfer.
Tips to Get the Best Value From Your Exchange
If you're looking to get the most bang for your buck when exchanging gift cards for cash, there are a few tips and tricks to keep in mind.
Firstly, make sure to compare exchange rates to get the best deal. Different banks and foreign exchange services may offer different exchange rates, so it's important to compare them to find the most favorable rate.
It's also a good idea to use a credit card with no foreign transaction fees when making the exchange. Many cards come with foreign transaction fees that can really add up—so make sure choose one with no such fee.
Finally, if you're traveling abroad it might be worth exchanging currency in bulk before you go. Some companies might offer better rates than others, so it pays to do your research and shop around!
Risk Factors When Exchanging Gift Cards for Cash
Have you ever felt worried about finding the right gift for a friend or family member? Gift cards are a great solution, but sometimes the amount is a bit off—there just isn't enough on it to buy the item you had in mind. In this case, exchanging gift cards for cash may be your best bet.
However, before trading your gift card for cash, there are a few risk factors to consider:
Gift cards often do not have the minimum balance required by certain merchants or stores. This could leave you stuck with an unused card and no ability to get cash in return.
Gift Card Fraud
Another risk is the potential of gift card fraud. This type of fraud often involves using gift cards over cash due to their complex nature and difficulty in tracing. It’s best to use an established exchange service that monitors transactions for fraudulent activities.
Lastly, selling gift cards person-to-person can also be perilous since it opens up the possibility of theft and fraud. It's important to weigh the benefits against these risks before making such a decision.
In short, there are plenty of easy and secure ways to exchange gift cards for cash. You can do this online, at an in-store kiosk, or with a reputable online marketplace. With online exchanges and online marketplaces, you can compare offers and choose the one that best suits your needs. Then you can receive your cash or PayPal payment in a matter of days.
In-store kiosks may offer you the best exchange rate but require you to physically go to the store. Plus, if you’re exchanging a store gift card, the kiosk may offer you a store credit instead of cash.
All in all, when it comes to exchanging gift cards for cash it’s important to shop around and compare offers. That way, you can make sure you’re getting the best deal possible.