Gift cards are very common nowadays. Data show that over 93% of Americans used or had sent a gift card to someone else. Brands use gift cards to sell, boost income, create relationships, enhance brand awareness, and many more. Consumers, on the other hand, love to use gift cards because it could enable them to save more on their next purchase. Gift cards are claimed to be one of the most in demand present and as much as 60% of customers prefer to receive a gift card as a present from their loved one. One of the reasons that they love gift cards is for the reason that it can give instant discount upon purchase.
Reasons to Sell Your Gift Cards
Not every gift card, though, has been utilized or used that is why people who have it opt to swap or sell gift cards instead. It has been declared that gift cards that is worth with more than $1 billion remain unused every year. Numbers show that an average consumer has an unspent gift card worth with more than $100 that he or she will not use.
At any particular time, there could be people who do not want to use unspent gift cards but on the other hand there are also other people who are actively looking for gift cards. This implies that an unused gift card might just be wasted even if there is somebody else who might need it, and he will be eager to purchase it from you.
You are able to sell gift cards literally. Below are the top reasons why you should sell gift cards before it will expire.
You can easily make money when you sell gift cards.
It is absolutely true that if you have a gift card in your wallet, it can give you cash. You can offer it at a discounted price to somebody who really wants it. For example, if you can offer it to somebody else for $80 when you have a $100 Amazon gift card then you can use $80 to buy at your favorite store. You can actually convert to cash the gift card that you have. And that is what makes it so awesome.
You can also easily sell gift card online – the easiest way to find buyers of your gift card all over the world. This is already a common selling platform which also works quite well. Just be careful with fraudulent people or scammers.
You can buy what you love instead of being compelled to buy what is offered by the card.
If you have a lot of unused gift cards, you could definitely sell those to buy something that you have been wanting to purchase. Sell gift cards that are unused or unwanted, and you will be able to accumulate money to save up and buy what you really love.
You can get rid of those unwanted gift cards.
If you have a lot of gift cards and you do not use it anymore then all you need to do is to sell it. As a matter of fact you should not fill your house with the things that you think is not necessary for you anymore.
How to Swap of Sell Gift Cards
Gift cards create excellent gifts, and it serves as a cash credit to the retailer. It might be that you have a pile of holiday gift cards that you would want to have it in cash form so you can use the cash wherever you want. Or maybe you got an old gift card that you prefer to exchange or swap for money or other things. You can use market sites or set up a swap and sell with friends and family, or you can swap or sell gift cards online instantly through the digital market. You can also try to return the gift card for money or other kind of credit to the retailer.
Use a market site to sell gift cards.
There are online sites which enable you to swap and sell gift cards, commonly called as marketplaces for gift cards. On every card that is being bought or sold through them, these sites could give a balance guarantee. This guarantees that selling or swapping gift card through them is not a scam or that they will give you a reasonable amount for the value of the card. They operate as the middleman between customers and sellers so that you can be assured that you are not having a deal with any third parties but with the company alone.
There a lot of well-known gift card market sites online which can offer you for about 90 percent of the card’s value if you are going to sell your gift card through them. You can also sell on-site physical and electronic gift cards and can trade cards for other gift cards or get the card cash.
You can opt to list it on a user-driven site.
If you want, you can also try a user-drive site which enables you to sell gift cards online instantly to any buyers without any risk. On the site, you can list your gift cards and set your preferred amount. Then the customers will buy the gift cards from you directly. But before you can put it as for sale, you have to check your gift card with the user-driven site.
As much as possible steer away from any consumer sites.
Be careful to swap or sell gift cards using any online classifieds sites. Although you have full control over pricing and card sales, there is still no assurance that the customer is legitimate. Using these sites involves a lot more danger and you may end up being scammed for the card or you cannot receive any payment for it. You must always put it in your mind that a gift card is just a step away from money, which implies that they are great targets for scammers or buyers who want to cut off sellers. Then you might end up paying a refund with the amount of the gift card to the buyer.
Organize a gift card swapping.
You can arrange a gift card swap if you intend to exchange the gift cards with the people that you know. This might be an unofficial meeting at home where you are going to invite your friends and family to swap gift cards that they do not need any more or have not yet used.
Another alternative is to set up the gift card swap as an auction where individuals are bidding on distinct gift cards or offering to exchange their gift cards for gift cards from someone else.
You can also have people offering multiple gift cards for the amount of a card as part of the rules that is being use for swapping gift cards. This might be essential if someone wishes the gift card to be in a more desirable location than the cards they have and want to exchange.
Sell gift cards to your family and friends.
You can also operate as your own personal seller and discuss selling your gift cards to your family or friends. Make a list of gift cards that you will sell and distribute the list through email to your family or friends. Or visit them to try sell your gift cards you think the might need. For instance, you have friends or family who always love to shop online, then you can try to sell any online gift cards to them.
Make sure that your gift cards are within a reasonable price for its value.
You will have to assess how much is the amount if you prefer to sell gift cards on your own. You can give a discounted rate to your buyers as an incentive to them because they choose to purchase gift cards from you. For example, you can give like 10 percent off the price on the card as the selling amount. Or perhaps, if they will purchase more than one gift card from you, then you can give buyers a bargain or a discounted rate.
You can offer to charge the buyers the amount on the gift card as the selling price if you received the gift cards for free as your gift. You will not lose money if you are going to do this way and you can still get cash for the gift card.
Try to reach out to the retailer of the gift card about their return policy.
You can try selling the gift card back to the retailer if you do not want to swap or sell gift cards to buyers anymore. You can call the retailer and ask them if they have a gift card return policy. You may return the unused gift card bought within a certain period, depending on the retailer.
We must bear in mind that that every gift card has its value, that is why if you have unused gift cards then you must find a way to sell or swap it and convert it into cash.