Fortunately, your gift card is not worthless because you can sell it for cash! And, we’re here to tell you how. Read on.
Things to Note Before You Sell Your Gift Card
1. You’re unlikely to get the full amount back: You need to understand that you will likely not be getting the actual face value of the card when selling it. That’s because the gift card reseller that purchases it from you will offer it for a discounted price to others. So, although you may have a $50 gift card, you may only receive $40 for it in cash. But that’s better than letting the card go to waste.
2. Some gift cards are worth more than others: There is a greater demand for gift cards to certain restaurants and stores. This means, based on the type of gift card you have, you may receive a higher or lower value.
How to Sell Your Gift Card
1. Ask friends and family if they would like to buy the gift card: If you have a gift card to a certain store and you know that a friend or family member likes shopping there, ask them if they would like to buy the card. This way, you’ll be able to ask them to pay you the face value of the card. And since they are purchasing the card from someone they know and trust, there’s no reason for them to be hesitant.
2. Check out gift card reseller websites and stores: There are many online and offline gift card resellers that purchase unwanted gift cards from people. But keep in mind that they take a small cut. This could be a percentage of the sale price, or they may purchase the card from you at a lower price and resell it at a higher price.
The content of this article is for informational purposes only and should not be relied upon since it is subject to change.
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