When you receive a gift card you don’t want, there are some smart and ethical ways to cash it out. Some websites, like Cardpool, Raise and CardCash, will buy it from you and pay you in cash.
Another option is to regift the gift card to someone who would 문화상품권현금화 appreciate it. Or you could donate the card to charity.
1. Sell it online
There are a number of online sites that allow you to sell your gift cards for cash. Some, like eBay, will pay you right away through PayPal or other digital means, while others may send a check in the mail.
One such site, CardCash, promises to give you up to 92% of the value of a card. You enter the card’s information, and then the company will provide an offer. Popular cards, such as Target or Best Buy, typically get the highest offers.
Another option is to use an app that allows you to sell a card to someone nearby. Then, you can pick up the money in person.
If you’re looking to make fast cash, be careful when choosing an exchange service. Avoid any that ask you to mail in a physical card, which could add days – or even weeks – to your wait time for the money. You should also look for services that only pay you via PayPal or other electronic methods.
2. Exchange it for a different store
It’s good for a retailer when a gift card goes unused, but not so great for the consumer. Fortunately, there are ways to get your money back or even turn that gift card into something new.
One option is to take the card to a kiosk at your local Target. The company that runs the kiosks, Check Into Cash, buys gift cards and gives you cash back. You’ll need to sign an agreement and agree to some fraud prevention stipulations, though.
Another option is to trade your gift card for a credit at another store, like Walmart or Amazon. Websites that buy, sell and trade gift cards, such as Raise or GameFlip, offer this service. You won’t receive as much as you would with a cash payout, but you may be able to use the card at the other store for an item you actually want. Alternatively, you can donate your gift card to charity, which may lower your tax bill if you itemize.
3. Trade it for a money order
If you’re not interested in the item that is available on your gift card, you can turn it into cash by trading it for a money order. You can do this at many stores that sell them, including Walmart and most grocery stores.
You can also use an online service such as Raise or CardSell to get cash from your unused gift cards. These sites are generally more reliable than eBay, according to WalletHub.
A money order is a great option because it’s viewed as a check by most financial institutions. This method broadens the buyer pool and gives you the best chance of getting your full gift card value.
Another way to trade a gift card for cash is to bring it to a gift card exchange kiosk. These are often located in malls and can give you a good amount of cash instantly. You can then take the money and invest it for long-term use.
4. Sell it to a friend
There are a lot of websites out there that will purchase your gift card for cash. Some of them even provide prepaid postage so you can mail the card to them. The problem with this option is that you often won’t be paid the full value of the card. Some popular sites include Cardpool, Raise and CardCash.
A good alternative to selling your gift card is to trade it with a friend. This way you both get something you want out of the deal. However, you should be aware that many of these sites will take a cut of the sale.
Another option is to regift the gift card. This is a great option if you know someone who really loves the store or restaurant where the gift card is from. Just be careful to only regift cards you know will be appreciated. You don’t want to end up with a stack of unwanted gift cards that collect dust in your drawer.