If you’ve ever asked yourself, “Where can I sell my gift card?” you’re not alone. Many consumers sell gift cards each year, but finding a place that will take them can be confusing. While there are dozens of merchants out there that specialize in buying and selling gift cards, few people know about them, and determining the best option can be tough.
Fortunately, this post is here to set the record straight.
Where Should I sell my Gift Card? 5 Options
If you want to get rid of a gift card, you have many options. Here are five of the most common:
1. A big box store
Stores like Wal-Mart and Target have begun gift card exchange programs, and they’ve gone over well with most consumers. The benefit of these programs is that they allow you to trade a gift card while you shop, and they don’t require a special trip or much extra effort. It’s wise to note that these options might not offer the best returns on your card’s face value, but they are convenient.
What’s more, these stores occasionally offer you the option of trading an unwanted gift card for a more desirable one from another merchant. This is a great way to kill two birds with one stone, and is a popular option among many consumers.
2. A Coinstar terminal
Coinstar offers a gift card sale option, and it’s become popular among consumers for the same reason as the box store option: it’s convenient. The terminals work with more than 150 well-known retailers and merchants, and offer a decent return on the card’s face value. There are some rules, though. First of all, the card merchant must be one of the options that CoinStar works with. Secondly, the card you’re attempting to sell must have a value of $20 or more. You’ll also need to bring your ID and credit card to verify your identity.
If you’re willing to meet those requirements, the Coinstar exchange option is a functional one, and it can be a great way to sell a gift card without too much hassle or stress.
eBay offers gift card sales, and many consumers like them because it’s possible to get more for your gift card than its face value. That said, though, it can be difficult to sell your gift card on eBay, and the risk for scams is much higher than it is with a trusted gift card reseller. With this in mind, you’ll need to take a careful look at the risks associated with the decision, and put some time into thinking about it before you decide that this approach is right for you.
4. In person
In person gift card sales can work if you have a close friend or family member who is interested in buying your gift card. Generally, you’ll get the full value of your card’s face value, although it’s wise to remember that selling a gift card in person will provide you with much less traffic and far fewer leads than going through a larger re-selling platform.
In most peoples’ friend groups, there simply aren’t that many people who are interested in buying gift cards, and you may find that you can benefit from a larger pool of interested customers.
5. Through an online reseller
This is by far the best option on the list. In addition to the fact that online resellers offer very high values for gift cards, they also make the re-sale process easier than virtually anywhere else, with a large list of cooperating retailers and a simple process for entering and verifying the card and getting paid. Ideal for anyone who’s asking “where can I sell my gift card?” but isn’t sure how to get started, this step will take much of the guesswork out of the process.
What’s more, it’s also one of the most secure ways to sell a card, and will help make sure that your personal information is never at risk as you seek to sell and exchange your cards.
Gift Card Sales Made Simple
While there are dozens of ways to sell a gift card, these five are the most popular. Simple, straightforward, trustworthy, and lucrative, these options make it easy to get cash or other cards for your unwanted gift card, and take much of the legwork out of trying to find a place to get rid of your irrelevant or unused gift cards.