Have you ever received a gift card to a shop or restaurant that is different from your preferences? Instead of allowing it to gather dust in a forgotten corner, wouldn't it be fantastic if you could convert those gift cards back into usable funds? After all, a CreditCards.com study revealed that 47% of Americans possess at least one unused gift card, with an average amount of $175 per person. Fortunately, there is a solution. You can effectively turn unwanted gift cards into cash by following some easy steps. This article will guide you through “How to Sell Unused Gift Cards,” helping you save money and replenish your finances.
What Are the Main Steps to Sell Gift Cards?
Selling gift cards is a great way to make money, especially in the digital age, where gift cards are becoming more famous as gifts and rewards. Whether you're a small business owner who wants to sell gift cards or a person who wants to sell unused gift cards, it's essential to know the steps for selling gift cards. Here are the most critical steps to help you in selling gift cards online instantly:
Evaluate Your Gift Cards: Before selling gift cards, you must assemble all the ones you want to sell. This could be a gift card from a shop, a restaurant, or an online store. Please ensure the cards are in good condition and have total face value.
Check the Balance: You should know precisely how much money is left on each gift card you want to sell. On many gift card marketplaces, you must put this information when you list your card. Visit the store's website, call the customer service number on the back of the card, or use a third-party website that checks balances.
Research Marketplaces: You can buy and sell gift cards on several online sites and marketplaces. To get the best deal, you need to compare these sites and learn about their fees, ways to pay, and customer reviews. Some of the best site to sell gift cards are:
Create Accounts: You should create an account after selecting the best site to sell gift cards. You may need to provide personal information and payment details to set up your seller profile.
List Your Gift Cards: Once you've made an account, list your gift cards. Include details like the card's balance, brand, and expiration dates. Be honest about the card's state, whether it's brand new, barely used, or predominantly used. Factual statements can help you find buyers and gain their trust.
Set Competitive Prices: This is the most crucial point in conquering the question of 'how to sell unused gift cards.” If you want to sell your gift cards fast, set competitive prices. Check the market for similar gift cards to see their worth. Remember that gift cards that are more popular may sell for more than those that are less popular.
Set Payment Method: Different gift card markets offer different ways to pay. Some may pay you via PayPal, cheque, or direct bank transfer, while others may give you shop credit. Choose the one that will work best for you.
Sell or Trade: Depending on your preference, you can sell or trade your cards for cash from stores or restaurants you like. Trading can be an excellent way to get value from unwanted cards without the hassle of selling.
Wait for Buyers: Your gift cards will be listed on the marketplace, and potential buyers will browse and make offers. Be patient, as your cards may take some time to sell.
Accept Offers: When a buyer makes an offer, you can choose to accept it, turn it down, or discuss the price. Keep in mind that cards with a better value may get more offers.
Send Gift Cards: After you've agreed to an offer, follow the platform's instructions for sending the gift card to the buyer. This may involve providing the card number and PIN or physically shipping the card.
Receive Payment: After the buyer confirms the gift card's balance and authenticity, you will receive payment according to the platform's payment schedule.
Review Feedback: Some platforms allow buyers and sellers to leave feedback. Positive feedback can help build your reputation as a trusted seller.
Stay Safe: When selling gift cards online, prioritize safety. Use reputable platforms, avoid sharing sensitive information, and be cautious of potential scams. If a deal seems too good to be true, it probably is.
Manage Taxes: Depending on your location and the number of gift cards you sell, you may need to report your earnings for tax purposes. Consult with tax professionals to ensure compliance.
Market Your Listings: If your gift cards are selling slower than you'd like, consider promoting your listings through social media or other channels to attract more buyers.
Benefits of Selling Your Unused Gift Cards
There are several benefits of selling gift cards online instantly. Some of those benefits include:
Conclusion
When it comes to selling your unused gift cards, there are several effective methods to consider. Whether you choose to utilize online marketplaces or local resellers, the key is to maximize the value of your unwanted cards & turn them into cash. Cash For Gift Card is an easy way to turn your gift cards into cash. Look no further than us when you're wondering how to sell unused gift cards. Don't toss your gift cards away – we offer a swift and seamless process to transform them into instant money. Contact Us Today!