Join our mailing list to find out more ways to make and save money with little time and effort.

Save Money

8 Websites To Make Money Selling Gift Cards Online

8 Websites To Make Money Selling Gift Cards Online
Amy Baum May 25, 2017
Want to Earn Some Extra Money?

Gift cards are a simple and convenient gift to give and get. However, you may not always end up using the gift cards you receive. Perhaps the store isn’t close by, or maybe the retailer simply doesn’t suit your taste. It happens every now and then, but don’t tuck the card away and forget about it. You may be surprised to learn that you can turn it into cash instead!

The Internet makes selling gift cards a total breeze. I’ve sold a gift card online here and there, and the money quickly went to my PayPal account. There are quite a few websites where you can sell, and I’ve highlighted eight of them below. This post also covers payment options and how each site works. Check out the information here to see how you can profit off of your new and used gift cards!

1. Cardpool

About Cardpool

Cardpool is one of the most popular platforms for selling gift cards online. They buy physical and digital gift cards for hundreds of different brands. When you visit the site, input the retailer and the balance on the gift card. You’ll instantly be shown the amount you can receive for various payment options. Your gift card’s balance must be $25 or higher to sell it.

How Fast Sales Are Made

According to the website, your payout is made as soon as you provide them with an eligible gift card. You sell directly to the website versus waiting for a buyer, so you can get payment for electronic gift cards immediately. If you mail in a physical gift card, you are sent payment within one business day.

Payment Options

You can get paid via a check in the mail or via Amazon gift card. If you choose to receive an Amazon gift card, you receive 6% more. I entered a $50 Wal-Mart gift card to test how much you can receive for that. If you get a check, you receive $45.25 which is 90.5% of the card’s value. If you choose an Amazon gift card, you get $47.97 which is 95.94% of the card’s value.

2. Raise

About Raise

Raise Marketplace was launched in 2013, and it’s quickly become a reputable option for buying and selling gift cards online. To date, over two million buyers and sellers have used the site. You can list your gift card for sale on the site, and Raise shoppers will see it in the marketplace.

How Fast Sales Are Made 

According to the Raise Support section, your gift card information goes through a verification process. It’s typically listed on the website within a few hours. Some users sell their gift cards within 24 hours, but there’s no guaranteed timeframe.

Payment Options

Raise offers three different payment options; you can choose from PayPal, check, or direct deposit. Direct deposit is only available if you use the Raise smartphone app. You set your price for the gift cards you sell, though a suggested selling price is available to help you sell as quickly as possible. When I input a $50 WalMart card, the suggested selling price is $48.94. After Raise takes their fee, I would receive $43.07 which is 86.14% of the card’s value.

3. CardCash

About CardCash

CardCash was founded by two friends in 2008 and was dubbed one of America’s Fastest Growing companies by Forbes in 2013. Like other websites on this list, CardCash allows users to either buy or sell their gift cards online.  

How Fast Sales Are Made

CardCash buys your gift cards directly, so you instantly get an offer on the cards you have. According to their Help page, payments are sent to sellers within 1-2 business days of gift card approval. You can also track your payment status once you create an account on the website.

Payment Options

Sellers can receive payment via direct deposit, check, or Paypal. The payout options available to you depend on whether you’re selling a digital or physical gift card. You can also trade in your gift card for other gift cards. For a $50 Wal-Mart gift card, I was offered $44.50 which is 89% of the card’s value. If you trade in your card for another gift card, you can get $49.50 which is 99% of the card’s value.

4. SaveYa

About SaveYa

SaveYa is a website and smartphone app where you can sell your new or used gift cards. Like Raise Marketplace, SaveYa allows you to list your gift card for sale for users to purchase. You can also sell your card directly to SaveYa.

How Fast Sales Are Made

How fast you get paid depends on the payout method and whether you sell your card directly to SaveYa or not. If you sell your card directly to the company, you’ll get paid within one business day once they receive the card. It can take 2-3 days for you to get paid when you list your card in their digital marketplace.

Payment Options

You can receive your payment via check or PayPal. When I input a $50 WalMart gift card, I am presented with the option to list the card on their site. You can set your price however you’d like, though an automated suggestion is offered. It suggests listing the card for $47.99; this makes the cash payout $43.67 which is 87.34% of the card’s total value.

5. CardKangaroo

About CardKangaroo

CardKangaroo is a company that buys physical gift cards from a broad selection of merchants. Even if you don’t see the company you have a card for on their list, you can e-mail CardKangaroo for a custom offer. Based on TrustPilot reviews, the company has an ‘Excellent’ rating and lots of feedback from satisfied customers.

How Fast Sales Are Made

Once you mail in your gift card, you will be sent payment within 48 hours of the card being received. You can print off a free shipping label to mail in your gift card.

Payment Options

You can get paid via PayPal or check for your gift card, and there is also an option for trading in your gift card. For a $50 Wal-Mart gift card, I received an offer of $44 which is 88% of the card’s total value. The website says you can receive up to 92% of the card’s total value, so it may differ depending on the gift card you’re selling.

6. Gift Card Galaxy

About Gift Card Galaxy

Gift Card Galaxy was established in 2014, so they’re fairly new compared to the competition. However, they have a very straightforward and simple website where you can buy, sell, or trade gift cards. They offer a pretty broad selection of payment options for sellers to choose from.

How Fast Sales Are Made

According to the link above, you can expect orders to process within 5-15 minutes. It takes about 5-10 minutes to complete every step for selling your gift card. So if you choose an instant payment option, you can have money in just 10-25 minutes total.

Payment Options

Gift Card Galaxy offers payment through PayPal, direct deposit, debit card deposit, or via check. If you choose PayPal or debit card deposit, you can get payment instantly. Unlike the other websites, I cannot test the ‘get a quote’ feature; you have to provide all of the information from your gift card before receiving a quote. Fortunately, you can get a 100% commitment free quote if you would like to see what they have to offer.

7. Giftcard Zen

About Giftcard Zen

Giftcard Zen is a gift card buying company that was founded in 2012. The company is an extension of the well-known coupon website RetailMeNot. They are fairly unique because you aren’t required to mail in your physical gift cards in order to sell them.

How Fast Sales Are Made

Sales are made instantly; you input the information from your physical gift cards into the website. From the looks of it, the process only takes about 10 minutes or so. However, this FAQ page states that it takes 10-14 business days to get paid.

Payment Options

You are paid via PayPal for the gift cards you sell. The website is not currently accepting Wal-Mart gift cards, so I tested their form using a CVS card with a $50 balance. I was offered $38.50 which is 77% of the card’s total value.

8. Gift Card Granny

About Gift Card Granny

Gift Card Granny is a third-party website that partners with other sites for buying and selling gift cards. The company has been in business since 2009 and is the largest discount gift card website to date. As of right now, there are over 420,000 gift cards available for purchase on the website. You can either sell your card directly or list it for sale on partner websites.

How Fast Sales Are Made

This depends on the website that you choose to sell your card to. You can choose from sites with ‘Sell It Now’ options or sites with ‘Name Your Price’ options. Since Gift Card Granny partners with so many different sites, there’s not a set amount of time it takes.

Payment Options

Since you can choose which partner website you’ll sell to, you have a large variety of payment options to consider. Payment methods include check, PayPal, and direct deposit. I’ll continue using a $50 WalMart gift card as an example.

When you input this amount into Gift Card Granny, you are presented with partner offers ranging from $42.46 to $45.25. This means you can receive anywhere from 84.92% to 90.5% of the card’s value.

Profit Off Your New And Used Gift Cards By Selling Online

Now that you know how to sell gift cards online, you can turn your unused plastic into money that can be used anywhere. With so many options for selling, it shouldn’t be hard to find a reputable buyer. Why wait? It’s so easy to earn virtually free money using the resources above.

If you enjoyed this post, you may enjoy some other Frugal For Less articles about unique ways to make money. Some of my favorites are:

As you can see, the options are pretty versatile. Check out the Make Money section to learn more and see which methods suit you best. Thanks for reading and happy frugaling!

Amy Baum


Leave a Reply