If you’re considering selling gift cards, it’s critical to ensure that you’re also taking all needed precautions to keep yourself and your personal information safe in the process. While selling gift cards is a low-risk pastime, it’s worth mentioning that there are things, like your personal name, address, and phone number, as well as your banking information, that could be exposed if you do it incorrectly.
Fortunately, there are many smart and proactive steps you can take to keep yourself safe. One of them is ensuring that you’re always choosing to sell a gift card for PayPal rather than for cash or bank transfer. Here’s what you need to know.
How PayPal Keeps Your Money Safe
Used for a huge number of financial transactions each year, PayPal works by encrypting your financial and banking information so that it’s never exposed to another person. This, in turn, makes it much harder for anyone to steal your personal information and use it to open fraudulent accounts or wrack up dead in your name. PayPal’s entire website is highly secure and encrypted, and, as long as your connection is secure from your personal computer, you can virtually rest assured that any financial transaction you conduct over the site will be 100% safe and private.
What’s more, because PayPal allows you to consolidate your financial information into one secure platform rather than spreading it from place to place when you’re trading or selling gift cards online, it’s a much safer option than entering your direct deposit information to receive funds from your gift card sale.
5 Smart Reasons to Only use PayPal in Gift Card Sales
If you’re new to selling gift cards online or just wondering why PayPal is always the way to go, here’s the information you need:
1. PayPal is secure
Again, this is the number one benefit of using PayPal for financial transactions. Unlike virtually anything else on the internet, PayPal is highly secure. While there are some financial protections associated with using your credit card online, PayPal takes those protections several steps further by encrypting your information and offering both seller and buyer protection, so you’ve got a place to turn even if something goes wrong with your sale on the person-to-person level.
2. PayPal is fast
You’d think that you’d have to wait for a long time to receive your money from such a secure and reputable service, but this just isn’t so. PayPal provides fantastic customer support and is incredibly fast. In most situations, you can expect to have money in your account within just a few days.
3. PayPal is free
In most financial transactions, PayPal is entirely free. While the site may charge a small transaction fee on business or corporate transfers, most transactions related to buying and selling gift cards will be entirely cost-free. This is a bonus that helps ensure you’re getting the full face value of your gift card, every single time you go to sell one.
What’s more, it makes the platform more welcoming to use and helps ensure that you’re not losing profits to some online service.
4. PayPal offers robust support
If you have a question, PayPal’s support community is there to answer it. Ideal for anyone who is unfamiliar with online financial transactions or is concerned about running into a problem and having nowhere to turn, PayPal’s online support community is among the finest on the web.
What’s more, the platform makes it easy to communicate directly with the other party in the transaction and do simple things like offer a refund, send instructions, and more. Because of this, many people choose to use PayPal to sell gift cards and enjoy peace of mind in the process.
5. PayPal limits the amount of legwork you do
If you already have an existing PayPal account, all you have to do to get paid is provide your PayPal email address. It’s that simple! No providing a stranger with your bank or routing numbers or orchestrating an elaborate system of payment and tracking. PayPal handles all of that for you, so you can sit back and wait for your funds to roll in.
PayPal: Your Go-To Transaction Service for Gift Card Sales
If you’re selling gift cards online, be sure that you’re using PayPal to get paid. In addition to keeping your information safe and secure, it will also make the process more straightforward for both you and your buyer.
EJ Gift Cards has your safety in mind during our gift card sales, and we work with PayPal to keep your information secure. Visit us today to learn more.