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Gift Cards can make great gifts but sometimes you end up with one you’ll never use. While one option is to regift and pass the problem along to someone else, another option is to sell them.
Keep in mind that while it would be great for someone to trade you a $50 gift card for $50 in cash, in most cases it just isn’t going to happen. Expect to lose some value in doing this. But if you ask me, having $40 cash is better than $50 to a store I never shop at.
Here are the top sites for exchanging gift cards. For this post, we’re using a $30 Kohl’s gift card as our example.
Sell your gift card for up to 92% of it’s value. You enter what gift card you have and it will instantly tell you how much it is valued at. If you select Amazon gift card over cash it will be valued at 6% more. You sell the gift card directly to Cardpool so there is no wait and you instantly get the money.
With this option, a $30 Kohl’s gift card can be exchanged for a $26.55 Amazon gift card or a $25.05 check.
Ebay will require the most work on your end. You can create a free Ebay account and then you will list the gift card. Most gift cards will sell for $5-$10 less than the face value.
When you list your gift card, many users charge up to $2.99 for shipping. You can also offer free shipping to try to get rid of it more quickly, but I recommend sending it by registered mail to ensure someone doesn’t unjustly claim they did not receive it.
With this option, a $30 Kohl’s gift card would sell for around $27 shipped. This means you’d make around $25 after shipping charges.
You can sell unwanted gift cards in the Raise marketplace. You set the price and will get paid by Raise when the gift card sells.
Raise does deduct a 15% commission from the selling price. For physical gift cards, the greater of $1 of 1% of the value will be deducted, but eGift cards are delivered free of charge. Listings are approved within 24 hours.
With this option, a $30 Kohl’s gift card would be worth around $22.95.
This site has an option to set your own price or sell your gift card instantly. If you want to set your price, you’ll use their site to list the gift card and get paid when it sells. It is free to list your gift card but SaveYa will take a 10% commission fee when it sells.
If you want to use the get paid instantly option you will exchange the gift card for money instantly via ACH, PayPal, or Check. The sell it instantly option is not available for all gift cards.
With this option, a $30 Kohl’s gift card would be worth around $23.62 but is not eligible for the sell instantly option.
This site will instantly pay you for your gift card. You enter the store name and the amount of the gift card. The site will instantly give you an offer for the gift card.
They will accept the gift card information electronically so there is no need to mail in the gift card. You will be paid by check mailed via USPS to the name and address provided in the sale. You will receive your check within 3-4 weeks after your sale is complete.
With this option, a $30 Kohl’s gift card would be worth $24.75.