The gift card is a great gift, but sometimes it doesn’t hit the mark. Perhaps you received a hardware store gift card, but you’re not a DIYer, or perhaps you have a few fast-food gift cards, yet you’re trying to get healthier. If you think that sitting in the junk drawer might be the fate of some of your gift cards you’re currently hanging onto, you should consider turning them into cash.
When a wallet is full of credit, debit and gift cards, unwanted gift cards can linger at the bottom for years – and eventually expire. Gift cards cannot expire for five years under a 2009 federal law, and many states do not allow them to expire at all. You won’t benefit from keeping gift cards for years in your wallet or closet.
Since so many people don’t use gift cards, retailers use a financial term to describe income they earn when consumers don’t redeem gift cards or other prepaid services: breakage, when doing tax accounting. Because the gift card is not being used, it is essentially broken.
Having someone spend money on a gift card that goes unused is never a bad thing for a retailer; however, it’s not so good for the consumer. You can turn your unused gift cards into cash if you don’t want the gift card to be a gift for the retailer, but don’t want to buy what the retailer sells with the gift card. Continue reading to learn how.
There are several reasons why someone would choose to sell gift cards online:
- Convenience: Selling gift cards online is a quick and easy process that can be completed from the comfort of your own home, without having to physically visit a store or pawn shop.
- Speed: Online marketplaces allow you to quickly find potential buyers and complete transactions within days, as opposed to waiting weeks or even months for a store to purchase your gift card.
- Profitability: By selling gift cards online, you have access to a wider range of buyers, which can potentially increase the amount of money you receive for your card. Some online marketplaces offer up to 92% of the face value of the gift card.
There are several well-established websites that allow you to sell gift cards online. Here are five of the most popular ones:
1, Obay
Website: https://www.obay.store/
They are the company in Nigeria that buys gift cards, whether you want to sell steam gift cards online, sell iTunes gift cards online, sell iTunes gift cards on the internet, or simply sell your Google gift cards. Many types of gift cards are bought by them, including iTunes gift cards, Amazon gift cards, Google Play gift cards, steam cards, etc.
2, Zealcards
Website: https://zealcards.com/
It is based in Michigan, where it believes superior customer service is their only competitive advantage, and it strives to be the best in the industry as well as its field of expertise.
3, Thequchange
Website: https://www.thequchange.com/
Using Quchange, you can sell an iTunes gift card in Nigeria if you no longer need it. Don’t let your card go to waste if you don’t need it anymore. Sell your iTunes gift card instantly to hundreds of potential buyers now! You won’t get the full amount, but you can get quite a bit of extra pocket money for it.
4, Gameflip
Website: https://gameflip.com/
On Gameflip, you can sell unused, prepaid, or non-reloadable iTunes gift cards for cash. The most popular gift cards on Gameflip include Steam cards, PlayStation Network cards, Xbox Live cards, Amazon, iTunes, and Google Play cards. You can sell any unused, prepaid, or non-reloadable iTunes gift card on Gameflip.
The iTunes gift card marketplace allows you to advertise your gift card in front of thousands of buyers. If you want to sell iTunes gift cards quickly, set the price between 2% and 15% off the original amount. You may need to adjust the asking price to attract buyers depending on how popular your iTunes gift cards are.
5, Buysellvouchers
Website: https://www.buysellvouchers.com/
The BuySellVouchers marketplace connects buyers and sellers directly, accepting payments for goods placed by sellers according to the terms of their agreement.
Your transaction with the seller will not be handled by BuySellVouchers or its affiliates, and neither of them will be held responsible for any losses or damages caused by the default of either party. BuySellVouchers offers a convenient interface that does not interfere with your transaction process to facilitate your transaction.
