How Can Gift Cards Sell For Almost Their Value
2 mins read
Travel / Lifestyle December 23, 2021
best app to sell gift cards for cash

It’s true that you can quickly trade gift cards for cash, but don’t expect that you’ll be able to sell them at the same price as their value. After all, buyers are looking for a deal. They want to buy your gift card at a lower price to save money.

That said, there are some ways to maximize your earnings and sell your cards for almost their value. Here are some tips to try:

Sell to individuals

Selling the gift cards back to the issuing store isn’t the easiest option because stores have rules that you have to meet. Most of them require you to present a receipt as proof that the gift card was bought from their store. Some of them might not buy back your gift card at all.

It’s often easier to simply sell your gift card to someone you know—your friends, family, or colleagues, for example. You can also try your luck selling them through your social media channels. The good thing about this is that you can name your price. However, you have to be ready for the risks of getting scammed, especially if you don’t personally know the buyer.

Use trusted online platforms

Don’t fall for offers that are too good to be true. If you are getting an offer to trade gift cards for cash at prices equivalent to their values, it’s probably a scam. You’re better off selling your cards at a lower price as long as you know the website is secure, safe, and reliable.

Compare commission rates

Apps that let you trade gift cards for cash often collect a commission. How much they will get or charge you will vary. This is why it’s a good idea to compare rates between applications or websites.

Consider payment channels

What are the available payment channel options in the app? This is an important question to ask because most (if not all) payment channels have varying transaction fees. Naturally, you want to choose the app that supports the payment option you prefer and won’t charge you too much for withdrawing your money.
Darafunmi Ola