Yearly, it is estimated that about $1 billion worth of gift cards are unused. This is simply because so many people end up with gift cards from shops they never shop from.
Instead of letting these cards go to waste, there are several platforms that allow you to sell or trade your gift cards for cash or gift cards that you need. You can even buy bitcoins with gift cards.
In this post, we explore some of the best places to sell gift cards currently.
Cardnosh is one of the best places to sell gift cards. At Cardnosh you can sell up to 50 different gift card options including iTunes, Google Play, Amazon, eBay, and Steam. The platform supports multiple currencies as well as physical gift cards and eCodes.
So, if you want to sell gift cards in Nigeria, you should do so on Cardnosh.
Raise is no doubt one of the best places to sell your gift cards. The platform allows you to list your card for sale at a price determined by you instead of selling to the website directly.
Listing a card on the website is free but a 12% commission is charged once the card is successfully sold. Available payment options are Paypal, direct deposit, and check.
CoinCola is an over the counter (OTC) marketplace where you can buy and sell cryptocurrencies like Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Tether (USDT), Litecoin (LTC), Ripple (XRP) and Dash from people near where you live. It is one of the best crypto exchanges.
What makes it stand out, is that it allows you buy Bitcoin using gift cards. At CoinCola, you can easily sell your gift cards in exchange for BitCoin.
Some of the popular ones with demand on CoinCola include Amazon Gift Cards, iTunes Gift cards, Nike Gift Cards, Steam Gift cards, etc. More options include gift cards for eBay, Google Play, Walmart, Sephora, Netflix, Apple Store, PlayStation Network, etc
Cardtonic is a good platform to sell gift cards. You can also buy Bitcoin on the marketplace. One other reason which sets Cardtonic apart and makes it the best website to trade is how fast it is to conduct a transaction on its platform.
You can buy and sell gift cards for iTunes, Amazon, Steam Wallet, Google Play, Apple Store, eBay, Walmart, Sephora, OneVanilla, Nordstrom, Target, JCPenney, BestBuy, Nike, Hotels.com, Macy’s, Gamestop, Xbox, Vanilla, G2A, American Express (AMEX), OffGamers, Foot Locker,Visa, Play Station and others.
Purse takes a different approach to selling gift cards and only supports Amazon gift cards because of this unique approach. In exchange for the gift card you get Bitcoin or Bitcoin Cash. This is one of the best places to sell gift cards.
Rather than giving the gift card code to the buyer in exchange for the cryptocurrency, you are required to order at a discounted rate the item or items which the buyer has already preselected in a wish list.
Once the ordered the item from Amazon the Bitcoin value in the wish list to put on escrow and once the item is delivered to the buyer the Bitcoin or Bitcoin Cash is released to your wallet.
While it takes longer to close a transaction, because you have to wait for the item to be successfully delivered before you get paid, it reduces the risk of buyers trying to defraud you by telling you the card is already used.
Paxful is a great marketplace, especially for people you want to sell their gift cards in exchange for cryptocurrencies like Bitcoin. It is more or less like a cryptocurrency exchange with gift cards as one of the options for buying Bitcoin.
Once you have bought the bitcoin, you can then transfer the value bitcoin as cash directly to your bank account anywhere in the world. You can also transfer to Bitcoin to another crypto exchange like Binance.
Prestmit is an over-the-counter cryptocurrency exchange available for both web and mobile users. You can multiple cryptocurrencies including Bitcoin and Tether (USDT) using gift cards from Amazon, Google Play, Apple, Steam, Nordstrom, etc.
It is one of the best apps to sell cryptocurrencies easily in Nigeria and Ghana. The Prestmit platform is equipped with autonomous transaction procedures, making it very simple for users to exchange their crypto for fiat.
Available fiat options include Naira and Cedis. On Prestmit, transactions are automatic, and cryptocurrency received to the user’s wallet are automatically credited to the user’s fiat wallet with no manual intervention required. It is one of the best places to sell gift cards.
If you are looking to sell your gift card for a little extra box, you should consider eBay. The downside of selling on eBay is that, you have to be extra careful not to list the pin. Also, you may not be able to sell your card as fast as you would on other platforms.
9. Gift Card Granny
Gift Card Granny is another platform that allows you to easily sell your unwanted gift cards in exchange for cash or trade them for another gift card.
Once on the website, search for the brand/store on your gift card, enter the card’s balance and you can view available offers. Available trading options on the website are; sell it now, name your price and trade it in. Each option works differently and they are explained below.
Sell it now: This option allows you to sell your gift card immediately for a set price which could be as high as 92% of the value of the card. This option is fast if you want quick cash as your payment will be processed within days.
Name your price: The name your price option allows you to list your card online and also quote a price. This option will suit you if you are willing to play the waiting game as you can get paid more. Once your offer is accepted, your payment will be processed.
Trade in: The trade in option offers you the chance of trading your unwanted gift card for one that you need. There are dozens of popular brands and stores for you to choose from. The trade in option allows you to potentially earn a higher payout.
CardCash is currently one of the best places to sell your gift cards. It is said to have the world’s largest inventory of discounted gift cards. Selling or trading your gift card on the website is quite easy.
You can earn as high as 92% of the value of the card if exchanged for cash or you can choose to trade for another gift card, potentially earning yourself more. CardCash allows you to sell your partially used gift cards which is quite good.
The website, www.cardcash.com is user friendly and you only need to enter a few details about your card before you are presented with offers.
Once you accept and of the offers, your order is approved and your payment is processed within 2 business days. There is also a mobile app for you to trade or sell your cards. Available payment options include check, PayPal, or direct deposit.
11. Gift Card Spread
Gift Card Spread is also one of the best places to sell your gift cards, both physical and electronic. The website is easy to use, allowing you to quickly cash in on your unwanted gift cards from several popular brands in USA.
To sell your gift card on the website, select the ‘’sell gift cards’’ option at the top of the page, enter the retailer name, card type and card value.
You have the choice to input the price you want to sell your card. Payment is solely via check received in your mail.
This platform does not allow you to trade your gift cards for others but you can earn between 60-90% of the card’s full value if you choose to sell your card on the platform.
This platform allows you to sell your gaming gift cards for cash. Gift cards for Xbox Live, PSN, Google Play Cards, and Amazon can be sold easily on the platform.
The platform allows you to list your card for sale, rather than sell directly to the website. This mean you are very much in control of how much you earn for your gift card.
It is advisable to list you card for between 85%-98% of its value to increase the chances of it being sold. Available payment options are Paypal, Bitcoin and direct payment to bank account. You can also buy and sell NFTs and other digital goods on the platform. Official website is www.gameflip.com.
There you have it. Our run down of best sites to sell gift cards. These are great platform to use if you want to make money buying and selling gift cards.
The platforms listed here will allow you to easily convert your gift cards to cash. Visit any of them to exchange your unwanted gift cards for some extra cash or even bitcoin.
Akam Chidi is a Blogger at www.techvenge.net