Gift cards are easy to purchase and common gifts to exchange, whether you want to congratulate someone or say a simple thank you. You’ve probably received a gift card before, but you may not always use them. If you have unused gift cards lying around your home, they are still worth money since you can sell them.
There are plenty of legitimate companies and websites that will buy unused gift cards at a discount and resell them to other buyers. This can be a great way to earn some extra cash if you weren’t planning to use the gift card anyway.
Why Sell Gift Cards?
Most people have received a gift card that they didn’t want or need. If gift cards don’t get used, then the money used to purchase them is wasted. You may think that selling gift cards you’ve received for birthdays, holidays, or other occasions is somehow rude to the person who gave them to you. However, this couldn’t be further from the truth.
If the gift card was given with good intentions, then the person who gave it to you probably wouldn’t mind if you turned it into cash. Selling your unused gift cards could provide you with more money to cover certain expenses, shop for holidays, or even boost your savings accounts.
It’s completely ethical, safe, and easy when you use the right resources. Some websites even allow you to trade in your gift card for another one that is more useful to you. When selling gift cards online, realize that you will likely need to sell them for a discount, meaning you’ll get less back in cash (compared to the actual value that’s on the card).
Here are the 7 best places to sell gift cards.
CardCash helps you turn gift cards into discounts by buying your gift card and giving you a cash sum. Like most of the sites on this list, you won’t receive the exact dollar amount that your gift card is worth, or the company wouldn’t make any money.
Instead, you may receive around 80% of the card’s value. For example, let’s say you have a $50 Kohl’s gift card that you want to sell. CardCash might give you $40 for the card, which isn’t too bad.
CardCash provides on-the-spot cash offers so you can get a realistic impression of how much you can make by selling your unused gift cards. Plus, they accept most gift cards, whether it’s to a retail store, online store, restaurant, or pharmacy.
Once you get your quote, you just need to submit your card by entering the number and pin (if applicable). Then, CardCash will verify that your gift card is active and unused, and you’ll get paid. Payments are sent via check in the mail, ACH deposit, or through PayPal.
You can also participate in gift card exchanges to trade in your gift card for another one. For example, if you have an iTunes gift card but don’t purchase music. However, you need to get some groceries or other items at Walmart. You could possibly trade it in for a Walmart gift card instead through CardCash.
- CardCash has a 3.2-star rating on Sitejabber.
CardSell is an app you can use to sell your gift cards for money. Just download the app on Google Play or the Apple Store, then check to verify that CardSell will buy your gift card from you. Enter the card number and pin (if applicable).
CardSell partners with hundreds of retailers, so there’s a good chance they’ll want to buy your gift card. If your gift card is accepted, CardSell will sell it to a consumer through the app, and you’ll get paid within 48 hours via PayPal.
- CardSell has a 2.8-star rating on the Apple App store.
ClipKard is a gift card rewards site that also buys unused gift cards for a competitive percentage of the total card value. Add your gift card details to the site to get an offer. Let’s say you have a Bed Bath and Beyond gift card for $50, and ClipKard offers you $36 for the card. If you accept the offer, you can mail in the card and earn the cash plus rewards.
Reward points can be earned by selling gift cards or purchasing them from ClipKard. Once you accumulate 1,000 points, you can cash them in for a $10 discount on a future purchase should you choose to buy a gift card.
- ClipKard has a 4.8-star rating on TrustSpot.
GiftCardBin sells discounted gift cards at different physical locations around the country. How it works is you take your unused gift cards to one of their 600 partner locations. Just search for a city or zip code and state to find the nearest partner location near you. Many places are currency exchanges, so be sure to call in advance to see if they’ll accept your physical gift cards.
If the location is willing to take your gift card, you can drop it off and receive cash in your hands.
- GiftCardBin has a 2.5-star rating on Trustpilot.
One platform that you may not have considered for selling your gift cards is eBay. With eBay, you can sell physical cards or instant delivery, from every brand imaginable such as Google Play, Starbucks, and Amazon gift cards. You’ll have more control over how much you can earn than with some of these other sites. They do charge selling fees, so you need to look into those to see which options best suit your needs.
Gameflip is a website that sells video games, gaming accessories, and gift cards. If you have leftover video game gift cards, you can sell them to Gameflip. Gameflip accepts Steam cards, PSN, Xbox Live, Amazon, iTunes, and Google Play gift cards.
You can create your own listing on the website or mobile app to sell your gift card and set your own price. Gameflip recommends you set a price that’s a 2% to 15% discount off the actual amount of the gift card.
This is a great option for selling digital gift cards since there is an auto-delivery method. When a customer buys your gift card and receives the code, they will redeem it and complete the sale so you can get paid. Funds are immediately deposited into your Gameflip wallet.
- Gameflip has a 4.4-star rating on Sitejabber.
With Raise, you can sell unwanted gift cards for cash or store credit. Raise even allows you to sell partially used gift cards which is pretty unique. So be sure to check the balance on any gift cards that are lying around your home.
Start by searching for the type of gift card you have on Raise to make sure they are willing to buy it. Then, you’ll list the card for sale and set a purchase price. Creating this listing is free. Raise will verify the gift card and connect you with tons of shoppers who are looking to buy discounted gift cards.
When someone buys your gift card, you’ll get paid via direct deposit or PayPal. Raise also partners with hundreds of retailers, so you can earn store credit and even cash back for shopping.
- Raise has a 3.7-star rating on Sitejabber.
Start Cashing in Your Unused Gift Cards
Selling gift cards you haven’t used is an easy way to give yourself a cash bonus. Check to make sure the gift card has a balance on it before deciding to sell it. Remember that some places will buy your gift card even if you used it partially, so long as there’s a card balance.
Also, if you try one marketplace that doesn’t seem to accept your specific gift card, don’t hesitate to try another option from this list. In just minutes, you could be earning extra money while cleaning out your wallet at the same time.