Can You Sell Gift Cards? Where and How to Get Cash

Unused or unwanted gift cards, often received for retailers not frequented, can be converted into cash. This allows consumers to unlock their purchasing power and redirect funds to immediate financial needs or preferred spending. Converting these cards transforms a non-cash asset into usable funds, offering immediate financial utility.

Where to Sell Gift Cards

Several avenues exist for converting unused gift cards into cash. Dedicated online gift card marketplaces serve as prominent platforms, acting as intermediaries between sellers and buyers. Websites like CardCash, Raise, and GiftCash allow users to submit their card details to receive an offer, which, if accepted, leads to a direct sale to the platform or a listing for other buyers. These sites streamline the process, providing a structured and secure environment for the exchange.

Another option involves peer-to-peer marketplaces, where individuals can directly list gift cards for sale to other consumers. General online platforms such as eBay, Craigslist, or Facebook Marketplace facilitate these direct interactions. Sellers on these sites control the listing price and negotiate directly with interested buyers. This method offers flexibility but requires more direct management from the seller.

Physical kiosks or select retail stores also provide an in-person alternative for selling gift cards. Automated kiosks, sometimes found in grocery stores or malls, offer instant cash or store credit for eligible cards after assessing their balance. Additionally, certain brick-and-mortar stores or financial service centers, like Check Into Cash, may purchase gift cards directly from consumers. While convenient for immediate liquidity, these options might offer a lower percentage of the card’s face value compared to online marketplaces.

Preparing Your Gift Card for Sale

Before initiating a sale, preparing your gift card ensures a smooth transaction. First, verify the exact remaining balance on the card. This can be done online through the retailer’s website, by calling a toll-free number on the card, or by inquiring in-store. Accurate balance verification prevents discrepancies and establishes the card’s current asset value.

Understanding the gift card’s terms and conditions is important. Federal law stipulates that most gift cards cannot expire for at least five years from activation. Dormancy or inactivity fees are prohibited unless there has been no activity for one year and the policy is clearly disclosed. Reviewing these terms helps identify any expiration dates, potential fees, or usage restrictions that could impact its resale value or eligibility.

Also gather all necessary card details. Sellers need the full card number, the Personal Identification Number (PIN) if one exists, and a security code (like a CVV for payment cards) for digital transfers. Ensure the gift card is active and valid, as inactive or expired cards hold no value in the secondary market.

Completing a Gift Card Sale

Once a gift card is prepared with its balance verified and terms understood, the selling process can commence on the chosen platform. Listing the card involves selecting the retailer, accurately entering the confirmed balance, and either accepting an instant offer from the platform or setting a desired selling price. On marketplaces like Raise, sellers can determine their own price, while others like CardCash provide immediate quotes.

Following the listing, platforms initiate a verification process to confirm the card’s validity and balance. This step ensures security and prevents fraudulent transactions. Upon a successful sale or acceptance of an offer, the card details are securely transferred.

For e-gift cards, this means electronically transmitting the card number, PIN, and any associated security codes to the buyer or the marketplace. Physical cards might require mailing them to the platform or directly to the buyer, sometimes with a provided shipping label.

Receiving payment for the sold gift card involves various methods and timelines. Common payout options include direct bank deposit, PayPal, or a mailed check. Some platforms may also offer payment in the form of store credit for a different retailer, which can sometimes yield a higher percentage of the card’s value. Payout times can range from as little as 15 minutes for certain apps to several business days, and fees associated with these payouts can impact the net proceeds.

Factors Affecting Selling Price

Several elements influence the percentage of a gift card’s face value a seller can expect to receive. The popularity and demand for the specific brand are primary determinants. Gift cards from widely used retailers like Amazon, Walmart, or major department stores command higher resale percentages, ranging from 70% to 92% of their face value, due to their broad appeal and utility. Conversely, cards for niche stores or less popular brands may sell for a lower percentage.

The remaining balance on the gift card also plays a role. While higher balances result in slightly better percentage rates, very small or odd balances might be harder to sell or fetch a significantly reduced offer. Physical versus e-gift cards can also affect value; e-gift cards are preferred for their instant transferability, though both types are widely accepted.

Platform fees and commissions directly impact the final payout. Different selling platforms impose varying charges, such as a percentage of the sale or flat fees, which are deducted from the selling price. These fees can notably reduce the net amount received. Any existing expiration dates, dormancy fees, or specific usage restrictions on the card can diminish its market value. Cards with fewer limitations are more attractive to buyers.