- Holidays and Celebrations
Sell or Trade an Unwanted Gift Card
Gift Card Display
How to Get Cash For Your Unwanted Gift Card
Like many people, I often receive gift cards for Christmas, my birthday or some other occasion. Although I appreciate the kindness and generosity of the person who gave it to me, sometimes a gift card I've received is from a company or shop that is not convenient to visit or really doesn't have anything I'm interested in purchasing. Other times there is something I want or need that is available at a different store or I really would rather just have the cash.
Unused gift cards may sit in my sock drawer or stuffed in my wallet for months before I finally visit the store and find something I want to purchase. Or worse yet, I may forget or lose the card or it may expire before I use it. Meanwhile there may be something I really want or need that I've found somewhere else. Apparently, I'm not alone. It is estimated that 6%-10% of gift cards are never used.
If you've had a similar situation, you will probably be as delighted as I was to learn that there are several companies with websites where you can get cash for your gift card, exchange it or donate it to charity. You can sometimes even sell or exchange gift cards that have been partially used, but have a remaining balance.
So, if you have received a gift card that you don't think you will use, on this page I'm sharing the research I did about the companies where you can sell or exchange an unwanted gift card and use the proceeds to buy something you really want or need.
All Photos by Vicki Green - PNW Travels - unless otherwise credited
Have you ever received an unwanted gift card? - What do you think?
Giving Gift Cards
People give gift cards to try to strike a balance between letting someone pick out their own gift, but without just giving cash. Somehow it seems just a little less cold and commercial to give a gift card. Unfortunately, sometimes the store or company just isn't really where the recipient wants to shop.
Do You Have an Unwanted Gift Card?
Have you ever received a gift card for a company that you didn't really want?
Where to Sell or Trade a Gift Card
Companies that Buy Gift Cards
I discovered that there are quite a number of companies that buy gift cards. I learned that not all companies will pay the same amount for the same card and there are several different payment methods to choose from. It is a good idea to check several to see which one will give you the best deal and a payment method you prefer. Below you will find information about several companies.
Selling your unwanted Gift Card at Cardpool
Cardpool pays up to 90% of the value of gift cards that have no fees or expiration date. Cards are accepted that have a balance between $25 and $100. There is always the option for mailing in your card with free shipping or there is the option for an electronic transfer for some cards that does not require mailing in the physical card. You can choose to be paid either by check or exchange for an Amazon.com gift card. Cardpool also sells gift cards at up to 35% below their value and authenticates the validity and remaining balance of every one they sell. For more information visit Cardpool's website.
An Interview with the CEO of Cardpool - Fox News Interviews Anson Tsai
Gift Card Rescue
Gift Card Rescue will buy only actual plastic gift cards (no eCards) with balances between $20 and $5000. They will also accept gift cards with an expiration date as long as the card is valid for at least 6 more months. Like most of the other companies, you enter the merchant and balance and you will be given an offer. If you accept the offer you enter your mailing address and contact information and mail the card in to Gift Card Rescue. Payment options include payment by check or Amazon Gift Card. If you select cash, you will be mailed a check within 2 days of receiving the card. For more information, visit the Gift Card Rescue website or watch the video below.
How to Sell Your Card to Gift Card Rescue - A Video Explaining How It's Done
Gift Card Monkey
Gift Card Monkey will purchase gift cards with a value of at least $20 and will pay up to 95% of the balance. You can check the balance on their website first and then after entering the merchant name and balance, Gift Card Monkey will display how much they will pay for your card. If you accept the offer, you enter your name, mailing address and contact information and mail in the card. You have a choice to be paid by check or via PayPal. Gift Card Monkey also has a network of retailers that buy gift cards. You can search the Gift Card Monkey website to see if there is one in your neighborhood.
Gift Card Zen
Gift Card Zen buys gift cards with a balance of at least $75. Gift Card Zen has put some extra safeguards in place to prevent fraud. In order to sell gift cards, you need to create a verified account by providing a current photo ID, a cellphone that can receive text messages and a valid credit card in your name.
After entering the merchant and card value, Gift Card Zen will let you know how much they will pay for your card. If you accept the offer, you mail your gift card in and Gift Card Zen will mail you a check as soon as they receive the card and verify it.
For more information visit the Gift Card Zen website
Gift Cards on Display
Gift Card Granny
Compare How Much Several Companies Will Pay You
Gift Card Granny doesn't actually buy gift cards but I found it to be a handy website nonetheless. At Gift Card Granny you can check the balance on most gift cards and easily compare how much several companies will pay you for a card from a specific company at a glance, making it easy to see where you can probably get the most for your gift card. For more information go to Gift Card Granny's website.
Another company that buys gift cards is GiftCards.com
Gift Cards.com will buys cards with a balance between $25.00 and $200.00 as long as they do not have a pending expiration date. They pay up to 95% of the card balance for those on their Preferred Merchants List. There is a limit of $300.00 per household. They do not accept paper certificates or e-mail codes.
After accepting an offer for your gift card, you mail your gift card to Gift Cards.com. Since they can't be held responsible for gift cards lost in the mail it is recommended to send them via First Class Mail Insured or with tracking and delivery confirmation. They will verify the balance on the gift card, and send you a check for the appropriate amount within 48 hours. Gift Cards.com also sells Gift Cards at discounted prices and you can also make your own personalized gift cards.
Use Raise.com to Sell Your Gift Card
Raise.com. is another place to sell your gift card. Instead of buying gift cards directly from consumers, they employ a different business model by facilitating the sale of cards between buyers and sellers through their website. Sellers list their gift cards on the site and set their own price. Raise.com has a tool to help set the price and recommends discounting the card 5% below the remaining balance. Sellers can list physical cards with a minimum balance of at least $20 or eCards with a minimum balance of $10. If your card sells, you pay Raise.com a 15% commission. Sellers are responsible for mailing a physical card to the buyer. Sellers are paid either by check or via PayPal.
Visit the Raise.com website for more details.
Watch movies, surf the internet, read email, play games when you use that Amazon Gift Card to buy a Kindle Fire.
Go Shopping at Amazon! - Buy what you really want or need
Most of the companies featured on this page will exchange your unwanted gift card for an Amazon Gift Card where you can find just about anything you want. Here is an idea!
Selling or Buying a Gift Card on eBay - Listing Gift Cards or Buying One You Want
Some people suggest selling or buying gift cards on eBay. I would caution that I have heard of several instances of gift cards purchased on eBay being expired or counterfeit . It can sometimes be difficult or impossible to get your money back if you purchase one on eBay that is not usable. To avoid getting scammed, I would recommend buying and selling gift cards from one of the reputable companies on this page instead of selling on eBay. The companies listed above all verify the authenticity of the card and balance available before selling it.