Gift cards can be a great way to give someone else money. But they can also be worthless if you don’t have any use for them.
You can turn unused gift cards into cash or even more desirable gift cards by using online exchange sites such as Raise and CardCash. 상품권현금교환 These sites typically don’t offer the full value of a gift card in cash.
Sell Gift Cards Online
If you have gift cards that aren’t getting any use, you can sell them online for instant payment. Depending on the site you choose, you might receive a check or a digital payment like PayPal. Some sites offer more money for certain brands and some are more convenient than others.
Some gift card exchange apps promise to pay up to 92% of the balance. For example, CardCash will give you cash if you have a $100 Barnes and Noble gift card. But it also takes 15% of the final payout, so you won’t get quite as much money as you’d expect. It’s worth comparing options before you sell your gift cards. It might be better to trade them with a friend instead of selling them online. That way, you’ll both come out ahead. Just be sure to barter with a trusted friend to avoid fraud and scams. It’s also a good idea to check your local laws on buying and selling used gift cards.
Trade Gift Cards
When gift cards are received that the receiver doesn’t want, many people choose to sell them for cash. However, money-saving expert Timm Walsh suggests trading a card for something that the person really wants instead of simply selling it for cash.
Raise is a popular gift card exchange website that lets people buy, sell and swap cards. Its simple website allows you to type in the name of a card and its value to receive an offer. Typically, you won’t get the full amount for the card since the site has to make a profit.
Gameflip is a similar user-driven site where gamers can buy and sell gift cards for things like PlayStation Network, Google Play and Xbox Live. Unlike some of the other sites, Gameflip allows sellers to set their own price for a card and doesn’t take a cut of the sale. It also offers a guarantee on purchases. Using this option can help you avoid scams or buyers who try to rip you off.
Use Gift Cards to Pay Down Credit Card Debt
You can use gift cards to make credit card payments, allowing you to budget and control your spending while simultaneously paying down debt. Gift cards also don’t accrue interest, which is an important factor to consider if you are trying to eliminate debt.
To use gift cards for credit card payments, access your card issuer’s website or mobile app and select the option to make a payment with a gift card. Review and confirm the payment amount, date and any available balance on the gift card before submitting your request.
Some retailers offer the option to return gift cards for cash value, which allows you to liquidate the remaining balance and put that money toward your debt. Another way to get cash back from gift cards is to trade them with a reputable gift card exchange kiosk. For example, CardCash offers up to 92% of the original value on most gift cards. This is significantly better than the likes of Raise, which only pays around 80% of the original value.
Return Items for Cash
If you’re in a pinch and need some cash back, the answer may be as simple as returning your unwanted gift cards. That’s right, some retailers will give you money in exchange for your gift card, though it’s important to check the store’s return policy before trying this trick.
You can use sites that offer to buy your unwanted gift cards, such as CardCash and Raise. However, these websites often only pay you up to 92% of the card’s cash value. This is because they have to make a profit.
Some states require retailers to provide a cash refund up to a certain amount for gift cards that haven’t been used. To set up this feature, the retailer must have an account with an external gift card service provider and implement a payment connector. This enables them to mark gift card transactions as a cash out in their sales data. This transaction will appear in the Cash Activity Audit report with a line item named Gift Card Cash Out.