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How to make money with gift cards

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Find someone willing to sell at a discounted rate. Many platforms, like Facebook Marketplace, eBay, craigslist and Reddit, wish to sell their gift cards for up to half the price. Finding a venue with these sellers and buying these gift cards creates an opportunity for you.

Is there a way to turn gift cards into cash?

Bottom line. You can easily turn gift cards into cash (or more desirable gift cards) through reputable sites like Raise and CardCash. The site you choose will depend on the ease of sale and the type of gift card you have.

How to sell unwanted gift cards?

You can list your unwanted or partially used gift card for sale or shop for a discounted card from someone else. At CardCash, gift cards can be purchased at a discount, or sold or traded. Aside from CardCash there are other gift card exchange sites out there like Raise and Gift Card Outlets.

What app turns gift cards into cash?

Prepaid2Cash makes cashing out your gift and prepaid cards quick & easy. While also protecting your account by using security measures to guard your account information.

How does scamming gift cards work?

The gift card brands that scammers most commonly ask for included Target, Google Play, Apple, eBay and Walmart. The caller will ask you to stay on the line and will ask for the gift card number and PIN. If you provide those numbers, the caller can use the card—and your money will be gone.

Can you turn gift cards into money?

Go to a Gift Card Exchange kiosk to trade your card for cash. A Gift Card Exchange kiosk is usually bright yellow and located in a grocery store. Insert the card information into the kiosk and then choose to accept or reject the offer the kiosk gives you.

How much money is made on unused gift cards?

A new study from Bankrate shows nearly half of adults in the United States have at least one unused gift card, gift voucher or store credit. It's not small change either. Bankrate estimates the unused gift cards have a total value of around $23 billion.

Frequently Asked Questions

Is there an app to turn gift cards into cash?

Prepaid2Cash makes cashing out your gift and prepaid cards quick & easy. While also protecting your account by using security measures to guard your account information.

How can I turn a gift card into cash?

Go to a Gift Card Exchange kiosk to trade your card for cash. A Gift Card Exchange kiosk is usually bright yellow and located in a grocery store. Insert the card information into the kiosk and then choose to accept or reject the offer the kiosk gives you.

Can gift cards be converted to money?

Bottom line. You can easily turn gift cards into cash (or more desirable gift cards) through reputable sites like Raise and CardCash. The site you choose will depend on the ease of sale and the type of gift card you have. You won't get full value for it, but that's still better than letting a gift card go unused.

Where can I sell my gift card and get paid instantly?

With that in mind, here are the top platforms where you can sell gift cards for PayPal cash instantly (or nearly instantly).
  • PayPal Zettle. You can sell your gift cards to PayPal for cash through the PayPal Zettle app.
  • CardCash.
  • CardSell.
  • Raise.
  • Craigslist.
  • ClipKard.
  • GiftCash.
  • Reddit.

Can you make gift cards into money?

Go to a Gift Card Exchange kiosk to trade your card for cash. A Gift Card Exchange kiosk is usually bright yellow and located in a grocery store. Insert the card information into the kiosk and then choose to accept or reject the offer the kiosk gives you.

FAQ

Are gift cards profitable?
The answer is yes, businesses profit from gift cards. They make money when retailers buy their gift cards. They also make profits with unused or expired gift cards and when people spend more than the amount on the card.
Is there a way to turn gift card money into real money?
  1. Visit an ATM. The fastest way to convert a Visa gift card to cash is to visit an ATM.
  2. Use Your Prepaid Visa Gift Card Like Cash.
  3. Sell Your Visa Gift Card.
  4. Buy Money Orders.
  5. Buy and Flip Products.
  6. Add Money to Your PayPal or Venmo Account.
  7. Sell Your Card to Someone You Know.
  8. Invest the Money.
How to become a gift card reseller?
It's not an easy task, but if you have time to do so, the actions you need to take are:
  1. Contact each gift card provider that you want to partner with and negotiate how (and how often) they'll pay you for your cards.
  2. Create a gift card point of sale and market it to customers.
  3. Keep track of your gift card sales.
How do I legally sell gift cards?
Use a Third-Party Site to Sell Your Gift Cards For instance, here's a handful of websites you may want to look at: CardCash: You will tell CardCash what type of gift card you have—the store and the amount—and the website will typically offer you a choice of cash or another gift card that might be more useful to you.

How to make money with gift cards

Where can I sell a gift card and get paid instantly? With that in mind, here are the top platforms where you can sell gift cards for PayPal cash instantly (or nearly instantly).
  • PayPal Zettle. You can sell your gift cards to PayPal for cash through the PayPal Zettle app.
  • CardCash.
  • CardSell.
  • Raise.
  • Craigslist.
  • ClipKard.
  • GiftCash.
  • Reddit.
Is selling gift cards a good business? Not only do they increase sales and brand visibility, but they also favor customer loyalty and encourage additional purchases. Gift cards are proving to be an effective tool to drive revenue and support store growth. This is a must-have strategy for businesses looking for commercial success!
Can you get money off of a gift card? In short, no. You cannot pay with a gift card and ask for cash back. A gift card acts as a voucher—not a debit card. The only way to get cash back from a gift card is if it is a closed-loop gift card or a prepaid card.
What app can I sell gift cards for cash? So, whether you want to sell your gift card for cash or use it to buy something new, read below for the best options!
  • GC Buying. The first app on our list is GC Buying.
  • Glover. This West Africa-based company was founded on March 25th, 2021 by Patricia Technologies.
  • Quchange.
  • PAXFUL.
  • Cardcash.
  • Can you transfer money from a gift card to cash App?
    • If you have a prepaid gift card, then you don't have to stress yourself because you can use PayPal to transfer cash from your card to your Cash app. All you have to do is link your card to your PayPal account and transfer funds from your PayPal account to your Cash app.
  • How to get a gift card for free?
    • Check out these seven ways to get free gift cards.
      1. Trade in your stuff. Do you have a voice speaker, video game console or cell phone you don't want anymore?
      2. Take online surveys.
      3. Redeem credit card points.
      4. Use a cash-back site or app.
      5. Claim freebie deals.
      6. Refer a friend.
      7. Enter giveaways and sweepstakes.
  • Can I cash a gift card to my bank account?
    • Yes, you can transfer money from a gift card to your bank account. Some gift cards allow you to transfer the balance directly to your bank account using direct deposit. Other gift cards require you to use a money transfer platform such as PayPal or Venmo to transfer the balance to your bank account.
  • How to make money for gift cards
    • Wondering how to make money selling gift cards? Learn gift card structure, promotions and consumer habits around boosting gift card sales here.