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We’ve all been in that position when we receive a gift card for Christmas that we don’t really want, and let out a brief “Thank you,” to conceal our disinterest. Luckily, there are many gift card vendors you can sell those unwanted gift cards to.
However, most of these vendors are online and don’t always pay up right away. A lot of customers have reported being scammed out of their gift card and not receiving a check in return. This is why we’re going to list the top 8 places on where you can sell those unwanted gift cards.
The criteria to meet the list is very simple: personal experience. I frequently receive gift cards from rewards programs like Perk TV, Video Rewards App, Swagbucks and more. I only listed the vendors who I’ve sold my gift card to multiple times and have always gotten my promised money.
Before we begin, there are a few things I want to make note of:
1. You Will Need To Verify Your Identity.
Gift card resellers often put your safety first and need to verify your identity each time you sell a card. This is usually done by entering your credit card information. Don’t worry, nothing will be charged when you try to sell a card.
2. You Won’t Get 100% Of The Value Your Card Is Worth.
Gift card resellers need to make a profit too. They buy gift cards from you at a discount and resell it for a higher price. This highly depends on the retailer. A gift card from Walmart might sell for 90% of its value, while one to Best Buy for only 85%. If you want to know how to find out which reseller gives you the best value for your gift card, you can read my guide here to find out.
3. Request A Check Instead Of PayPal.
I know it takes longer, but by requesting a payment be sent to your PayPal account, you’re usually looking at an extra 3% in fees. When you sell your gift card, it’s usually best to have them send you a check in the mail instead. This way you can get more bang for your buck.
Now that we’ve got that out of the way, let’s get started. If there’s a reseller that’s not on the list and you think should be, let us know in the comments below.
Cardpool is best known for its excellent customer service. Whenever you have a problem, simply contact them via email and they’ll respond usually within a few hours. One time they even gave me a direct call as to verify my identity and to see if there was any other way they could be of service. The best part is that these guys usually have one of the highest payout rates compared to any other gift card reseller. For a multitude of reasons, you can read my article on why Cardpool is usually the best place to sell your gift cards to.
These guys are excellent when you buy gift cards. They are quick (usually delivering within 10 minutes), responsive, and have great rates! When it comes to selling a card, they’re the same. I’ve never had a problem and usually get a good amount for my gift card. Their customer service is excellent and I can always rely on them when I need to sell my gift card quickly. If you’re looking to buy a gift card, you can read why Raise is the best place to buy gift cards.
If you’re looking to get the best rate on selling your card, this place is the best. I’ve never had any trouble with them. The only downside is that when you request them to send you a check, it may take a while, as long as up to 2 weeks. If you have a lot of gift cards you need to sell, GiftCards.com has a limit of selling only $300 dollars worth in cards a month. After that you’ll have to wait another 30 dollars before you can sell again. In terms of customer service and payout, they are superb.
If you’re trying to maximize the value of your gift card, you might want to stay away from these guys. Often times their payout rates are much lower than any other reseller. Their strong point lies in the fact that they’ll buy almost any gift card. If you’re trying to sell a gift to other websites and are having trouble finding one that will accept it, turn to CardCash. They are quick about their payouts and will never scam you out of your money.
5. Giftcard Zen
This makes the list mostly because it’s trustworthy. It doesn’t have the best payout rate nor are they excellent in terms of speed, but they get the job done. If you need to sell a card that isn’t covered by the resellers above, Gift Card Zen might be your best option. I’ve never had any trouble with them.
We all know Coinstar as a great way to cash in those unwanted coins for cold, hard cash. Recently they’ve updated their machines and are now willing to buy gift cards from you at a discount. The best thing about Coinstar? You almost never have to worry about getting your money, nor do you have to wait. Simply go to a machine, enter in your information and your gift card value, and receive cash in an instant. You can see which cards they offer to buy and at how much on their website.
While this ranks at number 7 on the list, it could easily be first. If you’re not familiar with Reddit, it’s an online community that’s composed of mini-forums or what they call “SubReddits.” There’s one specifically for gift card exchanges, where people can sell their unwanted gift cards to other members in the community.
Sound sketchy? Reddit keeps track of your reputation each time you sell a gift card. That means if you’re dealing with a buyer/seller, you can check their reputation to see past transactions with other members or if there have been any problems.
Reddit has a full guide on how to do this and does their best to help you avoid getting scammed. If you feel unsafe about trading over a forum to strangers, it might be best to stick to the six people above this list. If you’re looking to buy gift cards at a great value, you can read my guide on why Reddit is the best place to buy gift cards and how to not get scammed.
8. Friends & Family
This is probably the first place you turn to when trying to get rid of an unwanted gift card. Sometimes it’s difficult as the person who gave it to you will find out that you’re trying to pawn it off on someone else, and you don’t want to hurt their feelings.
Facebook and Twitter is a great way to reach out to friends to try and quickly sell your card. Just be careful that the person who gave it to you doesn’t find out. Often times you can get 100% of the gift card value, or at least pretty close. This is definitely the safest and fastest way to secure your money as it’s usually a face-to-face transaction with someone you trust.
From personal experience, these are all great places to sell those unwanted gift cards. As for the other vendors out there, it’s not that I haven’t tried them, but rather I’ve read about horrible reviews and do my best to avoid them.
I’d be curious to find out other ways of selling my unwanted gift cards. If you happen to know of a vendor or a way to do so, please feel free to leave it in the comments below. Thanks for reading and happy frugaling!
My name is Jason Wuerch and I'm currently located in Madrid, Spain running a personal finance blog called Frugal For Less. My goal is to help everyone and anyone willing to make and save money through easy and simple ways that don't require much effort. Just because you're frugal doesn't mean you have to give up life's luxuries.