If you’ve ever been stuck with an unwanted gift card, you know how frustrating it can be. But did you know that you can turn those unused cards into cash or credits at other retailers? With the ultimate guide to E-gift card trading, you can learn how to navigate the world of gift card exchanges and maximize your returns. Say goodbye to unused gift cards and hello to a new source of income.
1. What is E-Gift Card Trading?
E-Gift Card Trading is the process of converting unwanted gift cards into cash or other retailer credits by selling or trading them with other individuals or online platforms.
2. Why should you consider E-Gift Card Trading?
E-Gift Card Trading allows you to turn unwanted gift cards into something more useful or valuable to you. It is a great way to save money or get the products you really want without spending any extra cash.
3. Where can you sell or trade your unwanted gift cards?
There are many online platforms that allow you to sell or trade your gift cards, such as Cardpool, Raise, and Gift Card Granny. You can also try selling them on social media or online marketplaces like eBay or Craigslist.
4. How do you get the most value for your gift cards?
To get the most value for your gift cards, you should compare prices on different platforms and choose the one that offers the highest payout. You can also try negotiating with the buyer or using your gift card to purchase discounted items that you can then resell for a profit.
5. What are the risks of E-Gift Card Trading?
The main risk of E-Gift Card Trading is the possibility of fraud or scams. To avoid this, make sure to only use reputable platforms, check the buyer’s feedback and ratings, and never give out your personal information or gift card numbers.
2. By following the ultimate guide to e-gift card trading, you can learn how to turn your unwanted gift cards into valuable assets.
Doing a gift card exchange for cash is what these dedicated websites are all about, so you can turn an unwanted gift into money to spend on something else. Be wary of websites that are known as less reputable, as some will try and insert hidden fees into the exchange, or withhold payment, and waste your time and money. For more help deciding where to shop, check out our guides to the best auction sites and the best online shoe stores. Raise has a well-designed gift card exchange website. The layout is clean and modern and its clear where to go to buy, sell and earn rewards. The free mobile app has the same feel and is equally easy to use. One thing we really liked about this exchange website is the shopper guarantee. For an entire year from the day you purchase a gift card, Raise will refund your purchase price if the cards if youve been waiting for a physical card to arrive, it has an incorrect balance or is just simply not the card you ordered. However, we found during tests that the final amount we received was comparable to other sites, which can levy hidden fees. You can get paid via PayPal, direct deposit, and a check in the mail although this last option carries a hefty fee, so we cannot recommend it. This website is easy to use. Retailers are listed alphabetically but you can also search by price, card type, or a multitude of categories. You can then click to see what your options are. If youre looking to buy cards this is the place to do it, but anyone seeking to exchange or sell should definitely consider other options. If you are able to find a good deal, though, then there is a welcome day guarantee on all purchases. The rates offered by CardCash were higher than most competitors, making them a good option if you want to sell your gift card for as much as possible. The option of PayPal and direct debit payments also mean you can have this money in a matter of days, which is faster than most other gift card exchange companies. With a free app to use on the go and lots of gift card options from dozens of exchange websites and even more retailers, Gift Card Granny has a good selection available, even if this comes in a different form to many of its competitors. If the cashback option appeals to you, this is a good option with the ability to customise eGifts for sending to loved ones. However, Giftcard granny had offers for over brands, making it one of the most comprehensive sites we looked at. Card Kangaroo has an inventory of about 1, cards as of last November and has served nearly 59, customers. You can use this website to buy, sell or trade your unwanted gift cards or simply check the remaining balance of a card you found in your wallet. They accept major credit cards as well as PayPal. If youre looking to sell cards you simply select the merchant, value of the card and get an offer from the website. This company is unique in that youll receive a shipping label and be asked to mail your gift card in, rather than simply providing the cards number and other information. If this isnt too much of a hurdle for you, CardKangaroo is a great gift card swap option. Youll receive payment via a check in the mail or through PayPal. If youd rather trade for a different gift card you simply click that option after providing information about the card you no longer want. Once youve picked which gift card you want, youll have to ship yours in before getting the one you swapped it for in the mail. If the other companies we tested arent giving you the results you want, you might want to consider GiftCardBin. You can search by discount, store, category or your own favorites once you create an account. You can buy electronic or physical gift cards and if you choose the latter you can expect it in the mail within ten business days. Digital cards will appear in your account within two business days – longer than some promise. You can also get vouchers printable at home and redeemable in-store for certain retailers. The payout for selling a card and the discounts available when buying them seem to fluctuate almost daily. On the other hand, if there is a high demand for a small number of cards, the discount will be less. The gift card market is massive. Marina Hodges, chair of the Retail Gift Card Association said the group is made up of about 90 members representing retailers, card producers, gift card exchanges and others. She said opinions differ by retailer, but most are in support of exchanges. The RGCA was founded in , and its goal is to grow and preserve the gift card industry. At the same time, the group recognizes the risks associated with using third-party resellers like gift card exchange websites. In an official statement on the RGCA website, users are encouraged to educate themselves on gift card exchanges before using one. It has several tips to keep in mind while shopping for gift cards to ensure youre getting a good deal and avoiding fraud.