If you’re interested in selling gift cards online, you should know that there’s a certain rule of play that goes into the process. While there are dozens of ways to sell gift cards online, knowing how and when to do it will help you be successful in the process.
Selling Gift Cards Online 101
Today, selling gift cards online has become commonplace. When people receive gift cards they don’t want or won’t use as a present, one of the most common courses of action is to sell said gift card online. Legal, easy, and lucrative, selling gift cards online is a great way to get rid of an unwanted gift card without the hassle and stress of trying to trade with friends or family members, or scrounge through unfamiliar stores to find something, anything, you can buy with said gift card.
Right now, there are dozens of great places to sell gift cards online, ranging from sites like EJ Gift Cards to in-person kiosks, to third-party sites like eBay and Craigslist. Each of these options has their own set of benefits and drawbacks, and understanding the etiquette of online gift card sales can help you understand which option is right for you.
Where Should You Sell Your Gift Cards?
For most people, the best place to sell gift cards is online, with a reputable gift card vendor. In addition to being fastest and easiest, these reputable vendors (like EJ Gift Cards) provide the best return for the face value of your card, and typically offer payment security, so you can rest assured knowing your payment will arrive, and your personal information will be kept safe in the process.
If this isn’t your cup of tea, you can also opt for a third-party site, like Craigslist or eBay, although you’ll need to be prepared to put in some legwork and potentially not enjoy such a high ROI if you choose these options. What’s more, there’s a certain level of risk involved when you sell third-party, as payment is not always secured and you’re dealing with strangers rather than a reputable gift card vendor.
When is the Best Time to Sell Your Gift Card?
Generally, the best time to sell your gift card is right after you receive it and realize you don’t want it. By getting rid of your gift card as quickly as possible, you prevent it from rotting away in a junk drawer and put the money on it to good use. You also lock in the best rates, since it is possible for the value of a gift card to change or decrease over time.
How Does Selling Gift Cards Online Work?
When you choose to sell gift cards online, the process is simple. First, you choose a gift card retailer you want to work with. From there, you’ll simply need to gather up your gift cards, determine their face value, and write down their pin numbers, if they have them.
Once you’ve done this, you’ll simply navigate to the retailer’s home site, input your gift card’s information, get an offer, and either accept or deny it. Feel free to shop around a bit, but don’t waste too much time since, again, gift card values can easily change or decrease while you shop for a better price.
Will the Gift Card Giver Find Out?
If you’re worried about Aunt Marge finding out you traded her precious Pottery Barn gift card in, fear not – gift card givers don’t find out when you get rid of their cards. Unlike a physical gift, which would require you to approach the person who gave you the gift, ask for a receipt, and then go through the process of returning it yourself, selling gift cards online is entirely between you and the gift card merchant you choose to work with.
Unless you choose to tell someone on the outside, the sale of your gift card will remain your little secret.
Your Guide to Selling Gift Cards Online
Selling gift cards online is a simple process: don’t make a bit deal of it so nobody’s feeling get hurt, and find a reputable merchant to work with. From there, all you need to do is gather some critical information and then sit back and relax. The money will be in your account in just a few days and you can use it on whatever you please – from a vacation to something shiny for yourself and nobody but yourself!
When you sell gift cards online, you put your gift cards to work while also refusing to let them go to waste. And this is an approach that’s good for everyone.
To learn more about selling gift cards online, or to find out how you can get started, check out the sales tab at EJ Gift Cards today!