Sitting on unwanted gift cards? Turn them into cash! Selling online is easier than you think. Choose a reputable platform like CardCash, Raise, or Nosh—it still depends on your location, though. Get a quick quote based on the brand, value, and condition.
Upload clear pictures and complete verification steps. Once you get an approval, receive your money via various methods like cash, check, or ACH transfer.
Keep one thing in mind, rates and fees vary, so compare platforms and read reviews before selling. Happy cashing out! Quite simple. Isn’t it? You bet it is. Keep reading until the end to learn each step in detail
To Sell Online Gift Cards:
1. Know What Gift Cards Are
2. Choose a Reputable Platform
3. Get a Quick Quote
4. Upload Clear Pictures and Complete Verification Steps
5. Wait for Approval
6. Receive Your Money
1. Know What Gift Cards Are
To sell online gift cards, know what they are. You’re likely familiar with traditional gift cards, but online gift cards, or e-gift cards, offer a whole new level of convenience and flexibility.
When you receive an online gift card, you’re getting the freedom to choose exactly what you want from a wide range of products or services available online.
Whether it’s for a birthday, holiday, or just to say thank you, someone can easily purchase and send an online gift card to you via email or messaging platforms.
Plus, they’re perfect for last-minute gifts since you receive them instantly. So, next time you’re looking for a thoughtful present to ask for, consider an online gift card—it’s a simple yet thoughtful way to receive a measure of love from someone who cares about you.
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2. Choose a Reputable Platform
To dispose of an online gift card, choose a reputable platform. Consider a reputable platform like CardCash, or Raise to ensure a safe and reliable transaction.
These platforms act as intermediaries, connecting you with buyers in a secure marketplace environment. Opting for a reputable platform minimizes the risk of fraudulent activities and ensures that you’re receiving fair value for your gift card. Platforms like CardCash or Raise typically have robust verification processes in place to authenticate gift cards and safeguard against scams.
Additionally, you receive seller protection policies and customer support to assist with any issues that may arise during the selling process.
3. Get a Quick Quote
To sell off an online gift card, get a quick quote. This is where you receive an instant estimate of the value you’re going to receive for your gift card before actually selling it.
Typically present on the online gift card exchange platform you choose, this tool lets you input details about the gift card, such as the retailer, the card’s balance, and sometimes the card number and PIN, if applicable.
Using this information, the platform calculates the amount you’re going to get if you choose to sell the gift card. This feature is beneficial because it provides transparency and helps you make the right decision about whether to sell the gift card based on the value the platform offers you.
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4. Upload Clear Pictures and Complete Verification Steps
To auction off an online gift card, upload clear pictures and complete verification steps. Clear pictures of the gift card, including both the front and back, are essential to provide potential buyers with confidence in the authenticity and value of the card.
Make sure the images are well-lit, focused, and clearly show any important details such as the card number, expiration date, and security code. Additionally, completing verification steps, such as confirming your identity or providing proof of purchase, helps build trust between you and the buyer, reducing the risk of fraud or disputes.
5. Wait for Approval
To sell an online gift card, wait for approval. When you’re selling an online gift card and encounter the “Wait for Approval” status, it typically means that your gift card listing is undergoing a review process by the platform or marketplace where you’re selling it.
This review is necessary to ensure that your listing complies with the platform’s policies and guidelines, and that the gift card is legitimate and accurately represented.
During this time, the platform can verify various aspects of your listing, such as the value of the gift card, its expiration date (if applicable), and any terms or conditions associated with its use.
The approval process helps maintain trust and reliability within the marketplace, protecting both buyers and you from fraudulent or misleading listings. Once your listing passes the review and receives approval, it becomes active and visible to potential buyers, allowing you to complete the sale transaction.
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6. Receive Your Money
To retail an online gift card, receive your money. Provide your bank account information or select a preferred method of payment to receive the funds equivalent to the value of the gift card.
Depending on the platform or marketplace you use for selling the gift card, you have various options for receiving your money, such as direct deposit, PayPal transfer, or receiving a check in the mail.
Once the platform or marketplace you choose successfully sells the gift card and the transaction is successful, you can expect to receive your money as soon as possible, usually within a few business days, although this can vary depending on the platform’s processing times and any applicable fees or policies.
What to Watch Out For
Choose the right platform
Opt for reputable and trustworthy online marketplaces or platforms known for facilitating gift card sales. Look for platforms with a large user base and robust security measures to ensure a smooth and secure transaction process.
Provide accurate information
When listing your online gift card for sale, be sure to provide accurate details such as the brand, value, expiration date (if applicable), and any terms or conditions associated with the gift card. Transparency is key to building trust with potential buyers and avoiding disputes.
Set competitive pricing
Research the market value of your gift card and set a competitive price to attract buyers. Consider offering a slight discount or bonus value to make your listing more appealing compared to others. Be mindful of any fees or commissions charged by the selling platform when determining your pricing strategy.
Ensure prompt delivery
Once someone pays for the gift card, ensure prompt delivery of the gift card details to the buyer. If applicable, follow the platform’s guidelines for transferring the gift card electronically or shipping any physical cards promptly.
Recap
When selling online gift cards, it’s crucial to start by knowing what gift cards are and understanding their value. Next, choose a reputable platform known for facilitating secure transactions.
Once you select your platform, get a quick quote for your gift card’s value and proceed to upload clear pictures and complete any necessary verification steps.
After submitting your listing, wait for approval from the platform. Upon getting an approval, you can expect to receive your money promptly after the sale is successful.
