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How To Turn Gift Cards Into Cash


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how to turn gift cards into cashAhh, reward playing cards. They’ll both be the best factor ever or the worst factor ever, relying on which retailer they’re for. Within the previous days, like 10 years in the past, when you obtained a present card from Aunt Maude to a division retailer that you just by no means store at, you actually didn’t have many choices. However thank goodness expertise has come alongside to avoid wasting us all. You now can flip reward playing cards into money. In actual fact, you’ve gotten 5 methods to go about doing this, and I’m going to point out you every one. So, with out futher ado, right here is methods to flip reward playing cards into money.

How To Flip Present Playing cards Into Money

Here’s a fast checklist of the 5 methods of turning reward playing cards into money. You may choose the one you want the most effective and scroll all the way down to learn extra, or higher but, learn the entire choices as a result of there are benefits and drawbacks to every one.

  • eBay
  • Craigslist
  • Coinstar Alternate
  • Promote On-line
  • Sq. Reader

eBay

Up first is eBay. This could come as no shock as you possibly can promote just about something and all the things on eBay. Present playing cards aren’t any exception. For those who search on the location, you will notice a good quantity on the market, so you understand there’s a marketplace for them there.

The one draw back is the worth you’re going to get. Now, there are a lot of components that may in the end determine how a lot you receives a commission for promoting a present card on eBay, together with the retailer, the quantity of the cardboard and even your eBay vendor ranking.

However the one factor that basically has an influence is belief. In different phrases, there are some bogus reward playing cards and reward card sellers on eBay and due to this, many good consumers are cautious of paying near full value for a present card.

Even when you give them the cardboard quantity on the again to confirm the quantity, you may nonetheless spend the cash between the time they pay for the cardboard and the time you ship it to them. Granted, they’ll open a declare with eBay to get their a refund, however who actually desires to undergo that trouble?

On account of these different unhealthy apples, the worth you get for a present card on eBay could possibly be lower than what you may get elsewhere. Plus, it’s important to consider eBay and PayPal charges on prime of this.

Craigslist

Promoting a present card on Craigslist saves you from the charges of eBay, however it additionally shrinks your potential buyer pool. One other situation with promoting a present card on Craigslist is that it’s important to bodily meet the opposite individual.

And, similar to with eBay, there is no such thing as a assure the cardboard worth is what you say it’s. These final two factors are the deal breaker for me personally. The very last thing I wish to do is stand in a parking zone with some individual I don’t know as they confirm the worth of the reward card. As soon as the quantity is confirmed, there’s a probability they run off with the cardboard earlier than paying you.Whereas the chances of this are slim, it could and does occur.

Coinstar Alternate

Sure, this is similar Coinstar that takes your spare change. Whereas I don’t advocate Coinstar for turning your become payments (manner too excessive of a charge!), they’re an choice for turning reward playing cards into money.

You merely discover a yellow Coinstar Alternate machine, insert your reward card, and they’re going to let you know how a lot cash they will provide you with (which is as much as 85% of the playing cards worth). For those who settle for, you get a receipt and take it to the counter of the shop the machine is in they usually offer you your money.

Now, whereas it sounds easy, it is a bit more concerned. To get your cash, it’s important to be ready to point out identification. This features a cellphone quantity, drivers license/state ID card, bank card and an e mail tackle. No, you don’t want one or two piece of listed gadgets, you want all of them. Yikes!

One other draw back is that they solely settle for round 150 manufacturers of reward playing cards in the meanwhile and the reward card stability needs to be at the very least $20 for the machine to even settle for it.

On the plus aspect, you possibly can join particular provides that may warn you to offers they’ve happening.

Promote On-line

Another choice is to promote your reward card on-line. There are numerous websites you need to use to promote your reward card, however the most effective one I’ve discovered is Gift Card Granny. I like this website as a result of it exhibits you the entire reward card shopping for websites and the way a lot they’re presently providing for a selected reward card.

So as an alternative of visiting 5 completely different websites, I simply go right here and see which website is the best choice. I then go to the location and promote my reward card.

As with all of the choices listed, the quantity you get will rely upon the model of the reward card. On the whole although, you possibly can anticipate round 82% of the playing cards worth from many of the bigger retailers.

When you discover a website to promote your reward card, you merely mail them the reward card and after they confirm the quantity, they put the money into your PayPal account. I’ve used most of the varied websites prior to now and by no means had an issue.

Sq. Reader

It is a nice choice for individuals who have a Visa, Mastercard or American Specific branded reward card. If in case you have a Sq. Reader (that is the gadget that attaches to your smartphone to help you settle for bank card funds), you need to use this to money in your reward playing cards.

Merely swipe the cardboard as when you have been paying for one thing and look forward to the cash to point out up in your account. After all, there’s a charge for utilizing a reader like this, however they vary round 2%, which is a lot better than solely getting 82% of the playing cards worth.

Sadly although, you possibly can solely use the forms of reward playing cards I discussed above. If you’re good although, you may doubtlessly purchase different peoples reward playing cards and make some cash within the course of with this feature.

Ultimate Ideas

So there are you choices for the query of methods to flip reward playing cards into money. For me, the palms down winner goes on-line. It’s secure and you’re getting a predictable quantity to your reward card.

For those who can not wait just a few days for the money, the Coinstar machine could be a very good choice. I might not advocate eBay or Craigslist, however that’s simply me personally.

Readers, what are your ideas on promoting reward playing cards. Are there any strategies you utilize that I didn’t point out?



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