Gift cards. We get them for birthdays, holidays, awards at our 9 to 5 jobs, and even from some websites.
The thing about gift cards is that often the ones that we get are for stores and restaurants that we don’t go to at all or nearly enough.
Believe it or not there are websites that allow you to trade these gift cards in for money.
I also know people that actually go to the stores and restaurants and sell them in person, but it’s not usually recommended.
How Does It Work?
These websites operate by allowing you to buy and sell gift cards for less than face value. For example, say I have a $50.00 gift card for Dell, one of the websites is offering me $40.00 cash for it. They can then turn around and sell it for $46.50.
You get money for your gift card, they then mark up the price for a buyer. The buyer also gets a deal as they get a $50.00 gift card for $4.50 cheaper.
How Much Can You Make?
This is totally up to the kinds of gift cards you have and how much they are worth. Usually the more used gift cards are going to be worth more. A McDonald’s gift card is going to be worth more than the Dell gift card I mentioned earlier.
It’s not that the Dell gift card isn’t good, it’s just that it’s going to be a lot easier for them to sell the McDonald’s ones since people eat there more often than they buy computers.
Where Can You Sell Your Gift Cards?
ABC Gift Cards – They accept gift cards from most major retailers. You also have the option of being paid cash or in Amazon gift cards.
Card Pool – Also accepts a lot of major retailers. They also pay with either cash or via Amazon gift cards. They accept over 5,000 in gift cards, but you must call and make arrangements.
Gift Card Rescue – They accept gift cards for many major retailers between $5 and $5,000. They pay in cash or in Amazon gift cards as well.
Which Site Pays The Most?
For the most part all of them pay about the same amount. The most notable difference is the different retailers they accept. If you can’t find your retailer on one site go to the next. You can also scan them for different prices, but doubt you will find much difference.