Let’s paint the picture. Sweet Aunt Gertrude hands you a birthday card. Inside is a gift card for a store that, to put it nicely, you just don’t like. While you appreciate the gesture, you haven’t shopped at that store in nearly 15 years. So, what do you do? You can’t tell her you won’t use it. And you know you can’t re-gift it because none of your friends would ever step foot in that store. The answer is to sell your gift card for cash!
Wait, is this a thing? Yes, it’s a thing. You can sell your gift card for straight up cash. Well, I use the word cash lightly as payment can be in the form of a check or PayPal. But you get the gist.
Absolutely not. Would you rather throw it in the junk drawer? Or buy something you won’t use? No thanks! And if sweet Aunt Gertrude ever asks what you purchased with your gift card, just tell her some socks or undies.
Now let’s get down to business. There are plenty of places that buy gift cards including online exchanges, grocery stores, pawn shops, mall kiosks and check cashing service centers. Some services With that being said, it’s important to keep in mind that you will not receive the full card value. You can assume that your payout will be between 60 to 90 percent of the card’s value. Additionally, the amount varies based on the type of gift card, transaction and where you sell. Desirable brands like Walmart, Home Depot and Costco average around 90% cash back. Selling your gift card online usually yields the largest payout.
Don’t hastily decide to sell your gift card; remember to do your research to receive the largest payout. Gift Card Granny not only helps you find the best gift card deals, but you can also browse a trusted list of partners to sell your gift card to.
Ready to sell your gift card online? Review this easy step by step process for selling gift cards for additional details.
Have you ever sold a gift card? Tell us about your experience in the comments below!