Sometimes gift givers miss the mark, and you end up with a card for a store or restaurant that you don’t like or can’t use. Instead of letting those dollars go to waste, you can cash out your card for real money.
You can do this with payment apps, credit cards or by visiting a gift card exchange kiosk. Each of these options offers different perks.
1. Sell the Card to a Retailer
If you receive a gift card that you just can't use, there are a few places you can go to sell it for cash. Some online resellers, such as Raise, make the process of selling your cards simple by letting you select the exact value to be paid for each one and paying you via PayPal or an ACH direct deposit within 48 hours. Other gift card exchange sites, like CardSell, pay you in the form of a check that may take up to a week to arrive.
Some of these resellers also provide a number of other benefits to sellers. For example, if you choose to sell a card for less than its full value, these retailers may provide you with extra credit to cover the difference. This can be particularly beneficial to people who don't have a particular need for a certain retailer's products but still want to get rid of the gift card and cash in on the money.
Gift card exchanges typically base their resale offers on market demand and supply. Therefore, people who possess cards from popular companies, such as Nordstrom or Amazon, can expect a much higher resale price than those who own a card to a more niche company, such as iTunes or Steam.
You can sell your gift cards at many physical locations, too. Just do an Internet search for "gift card exchange kiosk" to find a location near you. The process is usually quick and easy, although you might get a lower resale value than you would at an online marketplace or through a reseller.소액결제 현금화 티켓
For small businesses, a gift card program is a great way to bring in new customers and promote special sales and deals. Just be sure to advertise your gift cards on your website and social media channels, as well as in print and digital marketing materials.
To avoid fraud, be wary of purchasing gift cards from unknown buyers on sites such as Craigslist. Thieves often purchase gift cards using stolen credit card numbers and then resell them for cash.
2. Offer the Card to Your Friends and Family
If your gift card isn’t going to be used, try offering it to a friend or family member. You can usually get a good percentage of the card’s value back. Plus, the recipient gets to pick out something that they really want.
You can also sell your gift card online. Third-party companies like Raise buy your unwanted cards and resell them to others for a profit. However, you should know that these companies often subtract their own fees from the total value of the card.
Another option is to trade the card for cash. Many apps, including Venmo and PayPal, let you use gift cards to pay for purchases. This can be a great way to get rid of unused cards and save on credit card transaction fees. Just make sure to check the balance before trading.
Some people prefer to sell their unused gift cards in exchange for cash. This can be a great option for people who don’t want to keep the cards but need the money. However, it’s important to find a reputable site that has multiple security features to protect sellers and buyers.
Many retailers have gift card exchange programs in place that allow you to turn your unwanted cards into cash. These programs can be a great way to give back to your community and help those in need. In addition, a referral program can be a great way to generate new customers and sales for your business.
Gift cards are a wonderful way to show someone that you care about them. But, sometimes they don’t hit the mark. Maybe you got a card to a hardware store and you’re not a DIYer, or perhaps you got a gift card to a fast-food restaurant when you’re trying to eat healthier. Whatever the case, there are a number of ways to cash out your gift cards and make them usable again. Just be careful not to over-value your cards, and make sure to use them within the time frame allotted by the retailer. Otherwise, you may be stuck with a card that sits in your junk drawer for years to come.
3. Offer the Card to Your Co-Workers
When it comes to gifting, giving to your co-workers is a great way to show appreciation for them and their hard work. Whether it's for a birthday or an anniversary, a simple card with some cash inside is a thoughtful and convenient way to celebrate their accomplishments. Gift cards are also a great option to give in the case of an emergency or an unexpected event, such as a sudden illness.
However, it's important to keep in mind that gifting can be a delicate topic. Overdoing it can send the message that you're trying to curry favor or flatten a superior, which isn't always appropriate in the workplace. You should also make sure that the card you're offering matches the person and their interests. For example, you wouldn't want to offer a coworker a Starbucks gift card if they don't drink coffee.
If you're worried about overdoing it with gift cards, try getting creative and thinking of other ways to give them out. For instance, you could try creating a group pool for the gift card and have each of your colleagues contribute to it. This is a fun way to get together with your team and celebrate their success or personal milestones.
Another good idea is to convert the card into cash and offer it to your co-workers. This is a great option for gifting to employees because it can be used for a variety of things and can fit any budget. It's also a way to avoid having to give your co-workers something that you know they will reject or won't use.
With a tool like Reachdesk, you can unlock over 100 types of eGift cards to help you surprise and delight your remote workers. For instance, if you have an employee who loves to travel, a DoorDash or Airbnb gift card can be the perfect solution for them. For a tech-savvy colleague, a Casetify gift card can be an excellent choice because they can use it to purchase electronics and accessories, such as mobile phone cases, laptop covers, and earphones.
4. Liquidate the Card
If you’re not using a gift card, or the balance is not enough to buy something you need, liquidating it for cash can be a great option. You can do this by selling the gift card to an online seller or at a local kiosk. Then you can withdraw the cash or add it to your bank account or PayPal. This method is the simplest and fastest way to get rid of an unwanted card.
You can also use the gift card to purchase a money order. This is a good option if you don’t want to risk losing the card to theft or if you live in an area that does not allow you to use gift cards at certain merchants. However, this option will require you to make multiple transactions and may incur additional transaction fees.
Another option is to sell your gift card on an established site such as eBay or Facebook Marketplace. This option will take more work as you will need to find items that are popular and likely to sell well. However, if you have the time and patience it can be a very profitable way to liquidate your card.
Regardless of which method you choose, it is important to keep in mind that most cards are not worth the full amount they hold and can be exchanged for cash for a fraction of their value. Therefore, it is always best to think through your decision before you act. This will ensure that you are getting the most out of your gift card.
You can also link a gift card to your PayPal account and then use it like cash with any merchant that accepts PayPal. This is an excellent option if you have several gift cards that are not being used and would like to convert them to cash. In order to link a gift card to your PayPal account, log in to your account and select the option “Add a Card”. You will then need to enter in the details of your card. Once the card is linked, it will appear on the list of payment methods on your check out screen.