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| By: Sha - at February 9, 2013 |
Where and How to Sell Unwanted Gift Cards
Want to Sell Unwanted Gift Cards?
 Did you know that you can sell your gift cards for instant cash? In truth, a lot
of people might not be aware of the fact that every year billions of gift
cards worth billions of dollars go unused, lost or damaged. The gift card industry
is a big business in many countries including the USA, UK and others. If you
are not sure about where and how to sell gift cards, then read on and find out
about how to make some extra cash selling your unwanted gift cards.
Gift cards are more than just gift cards these days as you can use them in many ways. Selling
your unused and unwanted gift cards is one of the best ways to make use of them
if they are just lying around. There are many merchants online and offline
who will buy gift cards and
pay you money immediately. If you hold a gift card by a particular merchant,
then you can sell that unwanted gift card for cash.
What are Gift Cards and Where to Use Them?
Gift
cards are like credit or debit cards, with magnetic strips on the back of the
cards. A gift card is pre-loaded with credit or money up to a certain
limit. Gift card holders or the recipients of the gift cards can spend up
to each of the card’s value at the designated stores, shops, and places.
Gift cards are usually given to people as gifts to be used at various merchant
locations. Each gift
card is valid to be used at the participating company or affiliate companies.
For example, a gift card issued by Starbucks Coffee Company may be used at any
Starbucks store. If there is no specific mention of any store or shop, the recipients can use it whenever and wherever they choose. Most of these
gift cards usually have no expiration date, availing the owners to use them at their convenience. Some of the gift cards are only valid
for a year from the issuing date.
Who Offers Gift Cards and Why?
 Today,
basically many types of businesses issue gift cards to their customers to give
them the opportunity to spend whenever they want and choose what they want to
purchase. Traditionally merchants like retailers, chain stores on high
streets, and department stores have been issuing gift cards to
their loyal customers and new customers for a relatively long time in many
countries. But nowadays many other businesses such as independent stores or
shops, banks, beauty shops, spas, and private companies are beginning to
issue them. Many
employers offer prepaid credit cards as gift cards to their employees as a way to say
thank you to them.
The merchants or businesses offer gift cards to promote customer loyalty and
attract new people to their businesses. Most of the customers will likely spend
more than the value of the gift cards. Gift cards are an excellent
advertising tool used to turn recipients into repeat customers. Merchants
or businesses offering gift cards have seen an increase in sales every
year.
How to Use Gift Cards?
It is pretty simple to use a gift card. When you want to pay for the goods you
can swipe your gift card instead of making a cash payment or using a credit or debit card. If the value of the card is not enough to purchase a
product, then the rest of the amount due can be paid in cash or by debit or
credit cards. Also, most merchants will give change if the balance on the
gift cards is less than $5 or £5.
Where to Sell Unwanted and Unused Gift Cards?
 Have
you ever tried selling or exchanging a gift card for cash to a retailer?
Retailers or merchants that provided you with the gift card do not give refunds
for the gift card. That is why people go to these merchants or companies that buy
unwanted gift cards and sell them at discounted prices to people who want to buy
them to save some money. There are billions of unused or unwanted gift cards
that have been lying around idle in the houses of hundreds of thousands of
people. These people either do not intend to use the cards or they just do not
go to the merchants that have issued the gift cards. Many people also do not
simply have time to use these cards. But the recipients of these gift
cards can easily take these cards by many different retailers in their local areas that buy, sell and exchange gift cards. They can
also check out many online companies that gather buyers and sellers on the
Internet to buy and sell gift cards.
A gift card holder can easily sell his or her gift cards to any company that
buys and sells gift cards. The card holders can even sell the remaining balance. These
companies offer up to a certain percent of face value of the gift cards. For
example, a recipient can get up to 80% or 90% value of a gift card worth $20.
If anyone has 10 unused or unwanted gift cards then it is possible to earn some
nice extra cash. There are many people who have tons of
these plastic gift cards that they do not want to use. These cards can be sold easily
and be a nice source of extra cash.
Final Notes
Gift cards are used widely as a form of payment since they have an initial cash
value. Selling gift cards is a great way to earn some extra cash,
especially by getting rid of them that have been sitting idle on the desks, in
drawers, inside wallets or anywhere else they are not being used. Selling these
gift cards to these companies can also help others to buy them at a discounted
price. So everyone involved in the buying, selling and arranging the
marketplace for these gift cards benefit to varying degrees. There are many merchants or
companies who will buy these unwanted, unused or even used gift cards with
remaining balances on them up to a certain face value. So if you know where and
how to sell unwanted gift cards, then you can earn some nice extra cash that you
can use for fun or anything you like.
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