Where to Sell Gift Cards in Person for Cash
Turn your unused gift cards into cash. Discover where and how to sell them in person with our practical guide to the process.
Turning an unwanted gift card into cash can provide immediate financial flexibility. While online platforms offer options, selling a gift card in person allows for instant access to funds, avoiding potential delays associated with digital transactions. Understanding the available physical locations and the necessary steps can streamline this process for consumers.
Identifying In-Person Selling Locations
Dedicated gift card exchange kiosks are frequently found in grocery stores, large retailers, and some gas station convenience stores. These automated machines provide immediate offers for various gift card brands. The specific brands accepted and minimum balance requirements can vary among kiosks.
Pawn shops are another option for selling gift cards. Many purchase gift cards from major retailers and offer immediate cash. Payout percentages at pawn shops might be lower compared to other avenues, as they need to ensure a profit margin. Some local businesses or check-cashing services may also buy gift cards. Verify their acceptance policies and rates beforehand.
Preparing for an In-Person Sale
Before visiting any location, verify the gift card’s balance and confirm its authenticity. This can be done by checking online through the merchant’s website or by calling their customer service number. Ensuring the card has the stated value and is active prevents issues during the transaction.
Most establishments that buy gift cards will require a valid form of government-issued identification, such as a driver’s license. This helps prevent fraudulent transactions. Having the physical gift card readily available is also necessary, and any associated purchase receipts or original packaging can further validate its authenticity and value, although not always strictly required.
Understanding the Transaction Process
The transaction process begins with presenting the gift card and your identification to the buyer or kiosk. For kiosks, insert or swipe the card; the machine verifies its balance and generates a cash offer. At pawn shops or other businesses, a staff member will perform this verification. The offer is a percentage of the card’s face value, commonly ranging from 60% to 85%. This percentage can fluctuate based on the retailer, demand for the card, and the specific buyer’s policies.
Upon accepting the offer, the method of payment can vary. Kiosks print a voucher redeemable for cash at a customer service desk within the same retail location. Pawn shops and other direct buyers provide cash on the spot. While cash is a common payout, some locations might offer store credit or an e-gift card for another retailer. The transaction is completed quickly, providing immediate funds.