Gift card exchanges tend to offer lower resale values immediately after the holidays, warns Romanelli.
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And when you sell the card, the company will take a 12% cut-so even if you get someone to pay full value for your gift card, you'll recoup no greater than 88%. But you may have to wait to get a buyer who'll pay the price you're asking.
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You can list any online gift card for free on the site for physical gift cards, you'll pay $1 or 1% of the total balance, whichever is greater. WalletHub ranked as the second best gift card exchange for sellers, with the average resale value on the site topping $81 for an $100 gift card. You set your own price-think eBay, but without the bidding. If you don’t want to have the value of your gift card dictated by a reseller, use to sell your gift card for cash. (For a longer list of favorites, see These Are the Best Gift Cards to Give This Year.) 2 and 3), or large retailers that offer a wide range of products, such as Amazon and Walmart, which round out the top five. found that the cards with the highest resale value are for groceries (Safeway takes the top spot), gas stations (Shell and ARCO take No. If you want to sell your gift card for cash, your return will be lower than if you exchange it, says Romanelli: “Swapping your gift card for another store’s is the best way to maximize your return.” But if you exchange your gift card online, you should be able to recoup at least half of the full value.ĭepending on the type of gift card, the amount, and the supply of similar cards, you could earn anywhere between 54% and 92% of the card’s value via an online gift card exchange, says Mark Romanelli, executive vice president of product for, the largest aggregator of online gift card exchanges. That's because the exchange itself typically takes a small fee, and shoppers using the exchange won't want to pay full price to buy a gift card secondhand. You’ll never get 100% back on online gift card exchanges. To get cash for gift cards, you can use one of a number of gift card exchange websites that will offer you cash or another retailer’s gift card for your unwanted gift card. Here are the best ways to sell or trade your unwanted gift cards. So you won't actually be stuck with gift card duds, leaving the money unspent or wandering the shop in a desperate search for the least atrocious item. While you can't actually return gift cards, there are several different ways you can sell gift cards for cash or trade gift cards online for credit at another store. But if you get a gift card under the tree from a store you've never heard of-or would never willingly shop at-you may find yourself looking for ways to trade your gift card or exchange it for cash. Gift cards are the most desired present this holiday season, according to a poll by WalletHub.
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