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How To Sell A Gift Card And Avoid Scams

Selling a gift card has become an increasingly popular practice, especially with the growing number of online platforms that make the process convenient and straightforward. Whether you received a gift card to a store you don’t frequent or simply prefer to have cash in hand, learning how to sell a gift card can help you make the most of your unwanted cards. In this comprehensive guide, we’ll walk you through the steps on how to sell a gift card, explain what a gift card is, and provide expert tips to ensure you get the best value.

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What Is A Gift Card?

Before we dive into how to sell a gift card, let’s first answer the question, “What is a gift card?” A gift card is a prepaid card issued by a retailer or financial institution, which allows the holder to purchase goods or services from the issuer. Gift cards can either be store-specific, meaning they can only be used at the store that issued them, or they can be general-use cards such as Visa or Mastercard gift cards, which can be used anywhere those types of cards are accepted.

Now that we understand what a gift card is, let’s explore how you can sell a gift card effectively.

How To Sell A Gift Card Online

One of the easiest ways to sell a gift card is through online marketplaces or gift card resale websites. These platforms specialize in buying and selling gift cards, allowing you to sell your card for cash or trade it for another gift card of equal or greater value. Here’s how to sell a gift card online:

  1. Choose A Reputable Platform: When you want to sell a gift card, it’s essential to choose a reputable website. Platforms like CardCash, Raise, and Gift Card Granny are popular choices that offer competitive rates. These websites act as middlemen, buying your card at a discounted rate and reselling it to other users.
  2. Check The Card’s Value: Before you sell a gift card, ensure that you know its balance. Most platforms will ask you to input the card’s value, so it’s important to double-check this information. Some websites even allow you to enter the card’s number to verify the balance.
  3. List Your Gift Card: Once you’ve selected a platform and confirmed the card’s value, list your gift card on the site. Some platforms allow you to sell the card instantly, while others may require you to wait for a buyer.
  4. Get Paid: After a buyer purchases your card, the platform will typically issue payment via direct deposit, PayPal, or check. This process can take anywhere from a few minutes to several days, depending on the platform and payment method.

How To Sell A Gift Card Locally

If you prefer to sell a gift card locally, there are also several options available to you. Selling locally can be faster since you don’t have to wait for online processing times. Here’s how to sell a gift card in your local area:

  1. Post Ads On Local Marketplaces: Websites like Craigslist or Facebook Marketplace allow you to post gift cards for sale locally. This is a great way to sell a gift card quickly, as local buyers are often willing to meet in person to complete the transaction. Be sure to meet in a public place to ensure your safety.
  2. Use Local Gift Card Kiosks: Some stores, malls, and grocery chains have gift card exchange kiosks where you can sell your gift card instantly. These machines usually scan the card, offer you a percentage of its value, and issue cash or store credit on the spot.
  3. Sell To Friends And Family: Another simple option is to sell a gift card directly to someone you know. If you have a gift card that a friend or family member could use, this is a quick and easy way to get cash without involving a third party.

How To Maximize The Value When Selling A Gift Card

If you’re looking to get the most money when you sell a gift card, there are a few tips you should keep in mind:

  1. Sell Popular Gift Cards: Cards from popular retailers like Amazon, Walmart, or Target tend to sell faster and at a higher rate than cards from niche or lesser-known brands. If you have a gift card to a widely used store, you’re more likely to get a better return.
  2. Sell Quickly: Gift card balances can sometimes depreciate in value due to fees or expiration dates, so it’s important to sell your card as soon as possible. The longer you wait, the less you might be able to get for the card.
  3. Compare Offers: Different websites and local buyers may offer different rates for the same gift card. Be sure to compare offers from multiple platforms to ensure you’re getting the best deal.

How To Sell A Gift Card For Bitcoin

For those looking to convert a gift card into cryptocurrency, selling a gift card for Bitcoin is an increasingly popular option. Platforms such as Paxful and Bitrefill allow users to exchange gift cards for Bitcoin. Here’s how to sell a gift card for Bitcoin:

  1. Create An Account On A Cryptocurrency Platform: Sign up for an account on a platform that allows gift card-to-Bitcoin exchanges, like Paxful or Bitrefill. These platforms often require identity verification before transactions can be completed.
  2. Select The Gift Card Type: Choose the type of gift card you want to sell. You’ll typically be required to enter the card’s value, number, and PIN.
  3. Receive Bitcoin: Once the platform verifies the gift card’s balance, you’ll receive Bitcoin in your account. The Bitcoin can then be transferred to your wallet or exchanged for cash.

What Are The Risks Of Selling A Gift Card?

While selling a gift card is generally safe, there are some risks involved, especially when dealing with unfamiliar platforms or private buyers. Here’s what to watch out for:

  1. Scams And Fraud: Be cautious of fraudulent buyers, especially if you’re selling your gift card on a local marketplace or dealing with a private buyer. Scammers may attempt to purchase the card with fake payment methods or request the card’s details without completing the transaction.
  2. Lower-Than-Face-Value Offers: Most platforms won’t offer the full value of your gift card. Instead, you’ll typically receive 70-90% of the card’s face value. While this is standard in the industry, it’s something to keep in mind if you’re expecting to get the full amount.
  3. Non-Refundable Transactions: Once you sell a gift card, the transaction is usually final. If you change your mind, you may not be able to reverse the sale or get your card back.

How To Avoid Gift Card Selling Scams

To avoid falling victim to scams, follow these tips when selling a gift card:

  1. Use Reputable Platforms: Stick to well-known and trusted websites like CardCash or Raise. These platforms offer buyer and seller protections to help prevent fraud.
  2. Don’t Share Card Details Before Payment: Never share your gift card number or PIN with a buyer before receiving payment. Scammers can use this information to drain the card without paying you.
  3. Meet In Public: If you’re selling a gift card locally, always meet in a public place. This helps ensure your safety and reduces the risk of fraud.

How To Sell A Gift Card Using A Mobile App

Selling a gift card using a mobile app is one of the most convenient methods available today. Apps like Raise and Cardpool offer user-friendly interfaces that allow you to sell your card in just a few taps. Here’s how to sell a gift card using a mobile app:

  1. Download The App: Start by downloading a reputable gift card-selling app from the App Store or Google Play. Raise and Cardpool are among the most popular options.
  2. Input Your Card Details: Once the app is installed, enter your gift card’s details, including its value, brand, and number. Some apps will verify the card’s balance for you.
  3. Choose A Payment Method: After your gift card is listed, select how you’d like to be paid. Mobile apps usually offer payment via PayPal, direct deposit, or a mailed check.
  4. Complete The Sale: Once a buyer purchases your gift card, the app will process your payment, and you’ll receive funds according to the method you selected.

How To Sell A Gift Card On eBay

Selling a gift card on eBay is another option for those looking to maximize their return. Since eBay allows sellers to list items at auction or as “Buy It Now,” you can set your own price and potentially earn more than what a resale website offers. Here’s how to sell a gift card on eBay:

  1. Create A Listing: Start by creating a listing for your gift card. Be sure to include clear photos of the card and specify its value.
  2. Set A Price: You can choose to list your gift card as an auction or with a fixed “Buy It Now” price. Setting a competitive price will help your card sell faster.
  3. Ship The Card: Once your gift card sells, package it securely and ship it to the buyer. Be sure to provide tracking information for added security.

Conclusion

Selling a gift card can be a simple and effective way to convert unused store credit into cash. Whether you choose to sell a gift card online, locally, or through a mobile app, the key is to use reputable platforms and compare offers to get the best value. Now that you know how to sell a gift card, you can turn those unused cards into extra cash quickly and securely.

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Frequently Asked Questions About Selling A Gift Card

1. How Can I Sell A Gift Card?

Selling a gift card is simple and can be done through various channels, both online and offline. To sell a gift card, you first need to determine its balance by checking it online or calling the issuer. Once you know the value, you can choose the method to sell it. One popular option is using online resale platforms such as CardCash, Raise, or Gift Card Granny, where you can list the card and receive cash after a buyer purchases it. These platforms typically require you to input the card’s number and other details to verify its value. Payment is often issued via PayPal, direct deposit, or check.

Alternatively, if you prefer a faster transaction, you can sell your gift card locally through classified sites like Craigslist or Facebook Marketplace. Some grocery stores and malls even have kiosks that allow you to exchange gift cards for cash or credit on the spot. When selling locally, it’s important to meet in a public place to ensure safety.

The key is to compare different options and see which one offers the best deal for your gift card. The method you choose will depend on your preferences for speed, convenience, and payout.

2. Where Is The Best Place To Sell A Gift Card?

The best place to sell a gift card depends on your priorities—whether you want a fast payout, the highest return, or a simple process. Some of the most reputable online platforms for selling gift cards include CardCash, Raise, and Gift Card Granny. These websites offer competitive rates and allow you to sell various types of gift cards, including store-specific and general-use cards like Visa or Mastercard.

If maximizing your payout is important, platforms like Raise allow you to set your own selling price, but the process might take longer since you need to wait for a buyer. On the other hand, sites like CardCash often offer immediate quotes and buy your gift card outright, though you might get a slightly lower price.

For those who prefer in-person transactions, local options such as gift card exchange kiosks in malls or stores like Coinstar can provide instant cash. However, these kiosks usually offer a lower percentage of the card’s value.

Ultimately, the best place to sell a gift card depends on how fast you want to sell it and the type of gift card you have.

3. Can I Sell A Gift Card Online?

Yes, you can easily sell a gift card online using various websites designed to facilitate gift card exchanges. Online platforms like CardCash, Raise, and Gift Card Granny are some of the most popular options for selling gift cards. These websites allow you to sell your card for cash, often providing a quick and convenient way to liquidate your gift cards. The process is typically straightforward: you create an account, enter your gift card details, and receive an offer. If you accept the offer, the platform will usually provide payment via PayPal, direct deposit, or check.

Another option is listing your gift card on auction sites like eBay, where you can set your own price. While this gives you more control over how much you can make, it might take longer to sell your card, as you have to wait for a buyer.

Online selling platforms often deduct a small fee from your payout, usually around 10% to 20% of the card’s value. The advantage of selling online is that you can compare offers from different platforms to ensure you get the best deal.

4. How Much Can I Get When I Sell A Gift Card?

The amount you receive when you sell a gift card depends on several factors, including the type of gift card, its value, and the platform you use to sell it. Generally, most resale websites will offer between 70% and 90% of the card’s original value. For example, if you have a $100 gift card, you might receive $70 to $90 in cash.

Popular and in-demand gift cards—such as those for Amazon, Walmart, or Target—tend to fetch higher rates because of their broad appeal. On the other hand, gift cards for niche or regional stores may sell for a lower percentage of their value due to less demand.

If you sell on a marketplace like Raise, you can set your own price, which might allow you to get closer to the full value. However, the card could take longer to sell, and the platform may charge a small commission.

Additionally, selling locally through classified ads or to friends and family may help you avoid platform fees, potentially allowing you to get a higher percentage of the card’s value.

5. Is It Safe To Sell A Gift Card?

Yes, selling a gift card is generally safe, provided you use trusted platforms and follow best practices. Reputable websites like CardCash, Raise, and Gift Card Granny have security measures in place to protect both buyers and sellers. These platforms often verify the gift card’s balance and ensure that payments are processed securely through PayPal, direct deposit, or check.

However, there are some risks to be aware of, particularly when selling through classified ads or directly to private buyers. Scams can occur if someone tries to pay with a fraudulent method or attempts to get the gift card number and PIN without completing the transaction. To avoid these risks, always use secure platforms that offer protections and never share your card details before receiving payment.

If selling locally, meet in a public place and ensure that the transaction is completed face-to-face. Some buyers might try to convince you to share the gift card details digitally, but this increases the risk of fraud.

By sticking to trusted platforms and following safety precautions, you can minimize risks and enjoy a secure selling experience.

6. Can I Sell A Gift Card For Cash?

Yes, you can sell a gift card for cash through several channels. The easiest way to do so is by using online gift card resale websites like CardCash, Raise, or Gift Card Granny. These platforms allow you to list your gift card, and after a buyer purchases it, you’ll receive payment via PayPal, direct deposit, or check. In most cases, the payment can be transferred to your bank account, effectively turning the gift card into cash.

Additionally, some physical locations offer cash for gift cards. For example, many malls and grocery stores have gift card kiosks where you can sell your card for cash or store credit instantly. Coinstar is another option, with kiosks located in retail stores that can provide immediate cash payouts for certain types of gift cards.

While you won’t receive the full value of your gift card, these options can provide a quick and easy way to get cash in exchange for unwanted gift cards.

7. How Do I Sell A Gift Card Locally?

To sell a gift card locally, there are a few simple methods you can use to complete the transaction quickly. One of the most popular options is to use online classified ads like Craigslist or Facebook Marketplace. These platforms allow you to list your gift card and connect with buyers in your local area. Once you find a buyer, you can arrange a meeting to exchange the card for cash. For safety, always meet in a public location and ensure the transaction is completed face-to-face.

Another option is to sell your gift card to friends or family. This can be a fast and easy way to get rid of an unwanted gift card, as they may be more likely to buy it if they know you personally.

If you prefer an instant solution, you can use a gift card exchange kiosk, which can be found in some malls and grocery stores. These kiosks allow you to insert your gift card and receive cash or store credit immediately, though you may get a lower percentage of the card’s value.

8. What Are The Risks When I Sell A Gift Card?

While selling a gift card is generally safe, there are some risks you should be aware of, especially when using less secure methods. The most common risk is fraud, which can occur if you sell your gift card to an untrustworthy buyer, particularly on classified platforms like Craigslist or Facebook Marketplace. Scammers might try to convince you to send them the gift card details before they pay, allowing them to use the balance without providing compensation.

Another risk is receiving less than the gift card’s full value. Most online platforms and local kiosks only offer 70% to 90% of the card’s face value, meaning you’ll lose a small percentage in the transaction. If you’re expecting to get full value, this can be a disappointment.

Additionally, you should be cautious of transaction fees, as some platforms may charge fees that further reduce the amount you receive. To minimize risks, use reputable websites with clear policies and protections in place, and never share your card’s details before receiving payment.

9. Can I Sell A Gift Card On eBay?

Yes, you can sell a gift card on eBay, and this can be a great option if you want to set your own price. To sell a gift card on eBay, create a listing for the card, including clear photos, the card’s value, and any relevant terms or conditions. You can choose to sell the card through an auction or a “Buy It Now” listing, allowing you to set a fixed price.

Selling on eBay gives you more control over the selling price compared to resale websites, which typically offer a percentage of the card’s value. However, eBay charges listing and final sale fees, which may reduce your total payout. Additionally, the card may take longer to sell than it would on a dedicated gift card resale platform, as you need to wait for a buyer.

When selling on eBay, it’s important to protect yourself from scams by using tracking for shipped items and ensuring that payment is securely processed through PayPal or eBay’s payment system.

10. Can I Sell A Gift Card On Facebook Marketplace?

Yes, you can sell a gift card on Facebook Marketplace. This platform allows you to list items, including gift cards, for sale to people in your local area. Selling on Facebook Marketplace can be an excellent option if you want to sell your gift card quickly and avoid the fees associated with online gift card resale websites.

To sell a gift card on Facebook Marketplace, simply create a listing with clear details about the card, including the value and where it can be used. You can choose to meet buyers in person to complete the sale, or you can arrange to send the card through the mail if the buyer is not local.

Be sure to take precautions when meeting buyers in person by choosing a public location. It’s also important not to share the gift card number or PIN until you’ve received full payment.

Selling locally on Facebook Marketplace can help you avoid platform fees, making it a potentially more lucrative option than using dedicated gift card resale websites.

11. How Can I Sell A Gift Card Instantly?

If you want to sell a gift card instantly, your best options are either using gift card exchange kiosks or websites that offer immediate payouts. Many retail locations, such as grocery stores and malls, have automated kiosks (like Coinstar Exchange) where you can insert your gift card, and in exchange, the machine will provide you with cash or store credit. These kiosks are convenient because you receive money right away, but the downside is that they typically offer a lower percentage of the card’s value, often between 50% to 80%.

For online options, websites like CardCash or Gift Card Granny offer an instant sale feature where you can sell your gift card quickly and get paid almost immediately, often through PayPal or direct deposit. These platforms usually offer 70% to 90% of the card’s value, but the transaction is processed quickly, and payment is often sent within 24 hours.

If you don’t want to wait for an online buyer or deal with listing a card on a marketplace, these instant-sale options provide the fastest way to convert your gift card into cash.

12. Can I Sell A Gift Card Without A Receipt?

Yes, you can sell a gift card without a receipt. Most online platforms and local buyers don’t require proof of purchase to sell a gift card. All that matters is that the gift card has a valid balance and hasn’t been tampered with. When selling a gift card through online platforms such as CardCash or Raise, you’ll need to provide the card number and possibly the PIN, but a receipt is not necessary.

However, some buyers might ask for additional proof of legitimacy, especially on platforms like eBay or Facebook Marketplace, where private buyers may be cautious. In these cases, having a receipt could be beneficial as it proves that the card was obtained legally and hasn’t been used fraudulently.

That said, as long as the gift card is valid and the balance can be verified by the buyer or through the platform, the lack of a receipt won’t prevent you from selling the card.

13. What Are The Best Websites To Sell A Gift Card?

The best websites to sell a gift card include trusted platforms that offer competitive rates and secure transactions. Some of the top options are:

  • CardCash: One of the most popular gift card resale platforms, CardCash offers a quick and easy way to sell your gift card. You can either sell it for cash or trade it for another card.
  • Raise: This platform allows you to set your own price when selling a gift card. While it may take longer to sell since you need to find a buyer, you might get a better return by setting a competitive price.
  • Gift Card Granny: This site acts as an aggregator, comparing offers from multiple gift card resellers so you can choose the highest payout.
  • ClipKard: A lesser-known but reliable platform, ClipKard focuses on buying physical gift cards for cash.

These websites are reputable and provide various payment methods, including PayPal, direct deposit, or mailed checks. Be sure to compare offers across multiple platforms to get the best deal for your card.

14. Can I Sell A Gift Card That Has Been Partially Used?

Yes, you can sell a gift card that has been partially used, as long as it has a remaining balance. Most online resale platforms like CardCash or Raise allow you to sell gift cards with any balance, even if it’s less than the card’s original value. When listing the card for sale, you’ll need to enter the exact remaining balance, and in some cases, the platform will verify the balance for you before approving the sale.

Keep in mind that the value you receive for the card will be based on the remaining balance. For instance, if you have a $100 gift card and you’ve spent $30, you’ll be selling a card with a $70 balance. The buyer or platform will typically offer 70% to 90% of that $70 balance.

It’s important to be accurate about the remaining balance when selling a partially used gift card to avoid any disputes with the buyer.

15. How Can I Sell A Gift Card For Bitcoin?

If you’re looking to sell a gift card for Bitcoin, several platforms allow you to do so. Websites like Paxful and Bitrefill facilitate the exchange of gift cards for cryptocurrencies, including Bitcoin. To sell a gift card for Bitcoin, follow these steps:

  1. Sign Up For An Account: Create an account on platforms like Paxful, where you can trade gift cards for Bitcoin.
  2. Choose The Gift Card Type: Select the type of gift card you’re selling, and input the value. You’ll likely need to enter the card’s number and PIN to verify the balance.
  3. Receive Bitcoin: After the platform verifies your card’s balance, you’ll receive the equivalent amount in Bitcoin, based on current exchange rates.

Selling gift cards for Bitcoin can be a good option for those looking to convert store credit into cryptocurrency. However, you should be aware of transaction fees and exchange rates, which may affect how much Bitcoin you receive.

16. Do I Have To Pay Fees When I Sell A Gift Card?

Yes, most platforms and services charge fees when you sell a gift card. The fees are usually included in the offer you receive, which is why you’ll typically get 70% to 90% of the card’s value, rather than the full amount. For example, if you sell a $100 gift card on a platform like CardCash or Raise, you might receive an offer of $80 to $90, with the difference covering the platform’s fee and handling costs.

If you sell a gift card on eBay, you’ll also incur listing fees and final sale fees, which can reduce the overall payout. Local kiosks and gift card exchange services often offer lower percentages, and the amount you receive can be as low as 50% to 80% of the card’s value, which effectively acts as a fee.

To minimize fees, compare different platforms and consider selling your card to friends or family members directly, where no fees would be involved.

17. Can I Sell A Gift Card For Its Full Value?

It’s rare to sell a gift card for its full value, especially when using online platforms or gift card exchange kiosks. Most resale platforms will buy your card at a discounted rate, offering you between 70% and 90% of its face value. This discount accounts for the platform’s fees and the risk they take when reselling the card to another buyer.

If you’re determined to get the full value of your gift card, you might have better luck selling it directly to a friend or family member. Another option is to list the card on eBay or Facebook Marketplace, where you can set your own price and potentially receive full value, though it might take longer to find a buyer.

While getting the full value of a gift card is difficult, especially through resale platforms, you can still maximize your return by selling to trusted individuals or using platforms with lower fees.

18. Is It Legal To Sell A Gift Card?

Yes, selling a gift card is legal in most regions, but the specific rules may vary depending on the country or state. In the United States, for example, it is perfectly legal to sell a gift card you no longer want, as long as it’s a legitimate card and not tied to any fraudulent activity. Most resale platforms operate under strict regulations to ensure that the cards being sold are legal and valid.

However, some stores may have terms and conditions that restrict the resale of their gift cards, so it’s always a good idea to check the terms printed on the card or the retailer’s website. In rare cases, resale of certain types of gift cards may be restricted in specific jurisdictions, especially if they are tied to promotional or discount offers.

To ensure legality, always use reputable platforms when selling gift cards, and avoid dealing with suspicious buyers.

19. How Do I Avoid Scams When I Sell A Gift Card?

To avoid scams when selling a gift card, it’s crucial to use reputable platforms and follow best practices. Here are some tips:

  • Use Trusted Websites: Stick to well-known platforms like CardCash, Raise, or Gift Card Granny, which offer buyer and seller protections. These platforms verify the balance of your card before completing the transaction, reducing the risk of fraud.
  • Don’t Share Card Details Before Payment: If you’re selling a gift card privately, never share the card number or PIN until you’ve received payment in full. Scammers often try to obtain this information and use the card’s balance without paying.
  • Meet In Public: When selling a gift card locally, always meet the buyer in a public place to ensure your safety and avoid any potential fraud.

By following these precautions, you can minimize your risk of being scammed when selling gift cards.

20. What Are The Most Popular Gift Cards To Sell?

The most popular gift cards to sell are those from major retailers and brands that have widespread appeal and usability. Cards from companies like Amazon, Walmart, Target, Starbucks, and iTunes are in high demand because they can be used for a wide variety of products and services. Visa and Mastercard prepaid gift cards are also highly sought after since they can be used almost anywhere, just like credit or debit cards.

Gift cards from popular restaurants or fast-food chains like McDonald’s or Chipotle also tend to sell well. On the other hand, niche or regional store gift cards may be harder to sell or may fetch a lower price because fewer people are interested in them.

If you have a gift card from a widely known and trusted brand, you’re likely to get a better return and sell it faster than more specialized cards.

FURTHER READING

LINKS TO EXTERNAL ARTICLES:

How To Sell Gift Cards In Nigeria (Quick Guide)
How To Sell Gift Cards In Nigeria – Full Tutorial

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