Gift cards are great for gift giving, but sometimes they can end up being a waste of money. Instead of letting the balance go to waste, you can cash out your gift card for cold, hard cash.
Many online sites offer to buy your gift card for cash. Some are reputable, like Raise and CardCash. 상품권현금교환
Offer it to a friend or co-worker
If you have a gift card that you don’t want, you can offer it to someone else for cash. For example, a friend who loves home improvement projects may be interested in purchasing a Home Depot gift card that has only $30 left on it.
This option can also work for co-workers or school friends who need to pool their funds to pay for something big. It’s a great way to celebrate work anniversaries, birthdays, or even a severance package.
Group gifts are a great way to save money and give more impactful gifts. If you have a lot of people in your network who need to chip in for something, consider setting up a Group eGift Card. These apps make it easy to send a single, unified payment to your entire group. This will ensure that everyone contributes and isn’t waiting for checks to arrive in the mail.
Trade it for a different store gift card
Some online sites specialize in buying, selling and exchanging gift cards. These websites promise to give you a significant percentage of the card’s value in exchange for the card. They will typically charge a fee for this service. However, it’s important to check the Better Business Bureau rating of these sites before using them.
You can also trade your unwanted gift card for another store that sells the item you want. This way, you can get more money out of the card and avoid having it sit in a drawer.
Some states have laws that allow you to cash in unused gift cards for cash. These laws are aimed at stopping gift card balances from going to waste. If your state has a law like this, check with local retailers to see if they will buy the gift card in exchange for cash. For example, Target stores sell gift cards for cash in their electronics department.
Sell it on a reputable site
There are many online gift card resellers that will buy your unwanted cards for cash. Some will even let you trade them for a different retailer’s gift card, giving you a higher value for the card.
You can find these online marketplaces by searching for “gift card” or “gift card exchange.” These sites will provide a list of available offers and give you a price range, plus fees. They’ll take a cut of the transaction, but may be more convenient than selling in person.
Some of these sites also offer a one-year guarantee for sellers, according to WalletHub. Among these options, ClipKard, Gameflip and CardCash are highly recommended by WalletHub.
If you’re not comfortable selling your card online, there are also in-person kiosks that will pay for your gift cards. These usually offer the lowest payouts, but can be a good option for some people. Another option is to use an app like Quchange, which lets you name your own price and receive payment via PayPal within 48 hours.
Ask a store for cash
If you have a few dollars left on your gift card and don’t want to spend them, ask if the store will give you cash. Some states have laws that require retailers to offer a small balance in exchange for cash when the card reaches its end of life. For example, in Washington state, gift cards with a balance below $10 can be traded for cash.
To use this feature, your store must have a gift card provider such as Givex. You must also have a payment connector that supports the transaction type you are using. If you use asynchronous integration, you’ll receive the response as an event notification. You can then use the information to generate a receipt.
If you’re going to try this option, be sure to wait for a time when the store isn’t busy. It’s inconsiderate to make the request during a rush, and you may be turned down. There are other ways to get cash for your gift cards, too. For example, you can sell them to an online marketplace like Raise.