The Best Gift Card Trading Tip to Stop Loss
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When selling gift cards, you won't get full value, but for some popular cards like iTunes, Target, and Walmart, you can get up to 92% of it at a website like GiftoCash.com
Do you have a gift card you want to sell or exchange?
If your answer is yes, then pay attention to this piece. Because in this article I'll explain 5 things to look out for when selling gift cards.
Whether it’s Amazon, Sephora, iTunes, Nike, etc., being able to convert your gift card to cash instantly is important. But getting paid instantly is not the only problem. What if you don’t get paid at all?
Imagine losing your gift cards to some crook who doesn’t even know how you got it in the first place. That’s some painful experience.
And contrary to what you believe, anyone anywhere on the internet can get scammed. So, if you are new to the business, or you are getting a gift from a friend or family member living abroad, you want to trade gift cards profitably as the experts do.
The truth is, there are several gift card exchangers out there claiming to be legit and it’s difficult to pick the best. So, if you are selling a gift card for the first time or you are looking for a new exchanger, it is in your best interest to ask questions.
My advice is to use a reputable dealer that provides basic consumer protection. By basic consumer protection, I mean things like fast payments, top-notch customer service, lots and lots of testimonials from real people, and a channel you can always use to reach out to them like social media presence and websites.
I will explain more on this in a minute but first, GiftoCash is one of the gift card exchangers on the market I can personally vouch for. They are verified with a lot of testimonials from real people.
There are other gift card resellers on the Internet as well. But GiftoCash is just among a few that appear to offer the consumer protections I recommend.
Now let's talk about those five things I mentioned earlier.
5 things to look out for when selling gift cards
Whether you're new to gift cards trading or an advanced seller, you'd want to make sure you're using a safe and secure platform that has your best interest at heart. That's the only way you can sell your gift cards and sleep well at night.
So, I only sell gift cards to gift card resellers that offer the following services:
There is only one thing more annoying than not being paid on time and that's not being paid at all. You want your card processed instantly and your bank account credited in a matter of seconds, not later, or tomorrow.
If I sell my gift card for cash, I want to know that I can contact the business by phone, email, website, or social media to get assistance as needed. Most exchangers work only on WhatsApp with no social media presence or websites. Not like there is anything wrong with that. But you know you can easily get blocked on WhatsApp by someone who has stolen your gift card.
So, I prefer to deal with those with more presence and proof that they are legit.
Because gift card prices are not stable, you need regular updates from the company you deal with. Legit gift cards exchangers offer security and let you know exactly what you are getting for your cards. No hidden charges.
You can sign up for regular updates at GiftoCash at https://giftocash.com. That's how I get updated.
I do not recommend selling gift cards directly to people you don’t know. But if you must do that, sell to those with a lot of social proof and testimonials. The truth is, testimonials are proof that these people are real and conduct businesses with actual people.
How Do I Protect Myself from Fraud?
To sell gift cards for cash safely, only engage with a trustworthy reseller who gives customer support to assist in the event of a problem. Also, treat the gift code as if it were cash.
If someone steals the gift card value without paying for it, there will be very little (or nothing) you can do about it. So, when trading gift cards make sure you do so with a recognized business. Not private individuals who can rip you off your gift cards.
I hope you found the information in this article helpful.