If you’re reading this article, there’s a high chance that you have some unused gift cards and you don’t know how to redeem gift cards for cash or you’re expecting a gift card and you wish to flip it for money. Whatever the case may be, you’ve come to the right place.
The use of gift cards as a popular option for gift-giving has seen a surge in recent years, thanks to their convenient and flexible nature. They provide recipients with the opportunity to choose their desired gifts or experiences, making them ideal presents. Nevertheless, what should you do if you receive a gift card that is unnecessary or wanted? Don’t let it go unused!
This article aims to provide insights on how to redeem gift cards for cash, enabling you to utilize the funds according to your preference. So, whether you have gift cards that are gathering dust or have been given one that doesn’t meet your needs, keep reading to discover how to convert them into cash.
Table of Contents
How to Redeem Gift Cards for Cash
There are several ways you can redeem gift cards for cash or goods. Below are the best/fastest methods;
1. Physical Store
If you’ve received a gift card as a present, you may be wondering how to redeem it. One option is to visit a physical store that is owned by the issuer of the gift card. This can be a great option if the issuer has a store in your country, as it allows you to make use of the gift card in a convenient and hassle-free way.
When you go to the issuer’s store, you can simply walk in and start shopping. Look for items that are within the value of the gift card, and add them to your basket or cart. Then, when you’re ready to pay, simply approach the counter and let the cashier know that you’d like to use your gift card as payment.
After purchasing goods that are worth the gift card’s value, you can choose to resell them to someone else for cash, or you can choose to keep them for yourself.
2. Online Store
Another way to redeem gift cards for cash is to do so online, provided the issuer has an online store. In today’s world, online shopping has become increasingly popular due to its convenience and accessibility. Thankfully, many stores now offer gift card redemption options online, such as Google Play Store, iTunes, and many more.
To redeem your gift card online, you first need to log in to the website or app of the store you want to purchase from. Once you’ve logged in, look for the option to “Redeem Gift Cards” or something similar. This option is usually located in the payment or checkout section of the website or app.
Next, you’ll need to enter the code on your gift card into the appropriate field. This code is typically found on the back of the gift card, but may also be included in an email or letter if you received the gift card electronically.
Once you’ve entered the gift card code, you’ll be provided with the total value of the gift card. Next, pick some items that are worth the value of the gift card.
After you’ve picked the goods and verified the total cost, you can choose the “redeem” option to complete the transaction. Once you’ve completed the purchase, you should receive a confirmation email or message with details of your order.
3. Reliable Websites
If the issuer does not have a physical store in your area and you are unable to access or utilize the online store, selling the gift card may be the best alternative for you.
Fortunately, there are several platforms that allow you to redeem gift cards for cash or even cryptocurrencies at competitive rates. These platforms offer a great way to make use of your gift card without being restricted by the issuer’s location or store availability.
When you use these platforms to redeem gift cards for cash, the cash will be deposited in your PayPal account or any other payment method of your choice. This provides flexibility and convenience, as you can choose a payment method that works best for you.
Alternatively, if you choose to sell your gift card for cryptocurrencies, the agreed-upon value will be deposited in the wallet address you provided to the platform. This option is particularly useful if you are interested in investing in cryptocurrencies or if you already hold some cryptocurrencies and want to diversify your holdings.
It’s essential to note that the rates offered by these platforms may vary depending on several factors, such as the demand for the particular gift card you’re selling, the platform’s fee structure, and market conditions. Therefore, it’s always a good idea to compare rates across different platforms before making a decision.
What are Some Websites to Redeem Gift Cards for Cash?
There are many websites available today that allow you to redeem gift cards for cash and here are some popular options:
- CardCash: This website allows you to sell your gift cards for up to 92% of their value. CardCash offers different payment methods so you can choose whatever method of payment suits you whether check or PayPal.
- Raise: Raise is a marketplace where you can sell your gift cards for cash or exchange them for other gift cards. On this platform, you can set your own price for your gift card and get paid via direct deposit, PayPal, or check.
- Gift Card Granny: This is another website that allows you to sell your gift cards for up to 90% of their value. You can either redeem gift cards for cash and get paid via check/PayPal, or you can flip other gift cards for Amazon gift cards.
- Cardpool: Cardpool is another website where you can redeem gift cards for cash. They also have multiple payment options that you can choose from for faster payments. You can also flip other gift cards for Amazon gift cards.
- Coinstar Exchange: Coinstar Exchange kiosks allow you to redeem gift cards for cash instantly. You can find these kiosks in grocery stores and other retail locations.
- Gameflip: Gameflip is a platform where you can sell your unused gift cards for cash. They offer several payment options like check or PayPal. They also support payments via Bitcoin.
- GiftCards.com: This website allows you to sell physical or electronic gift cards. You can get paid via ACH transfer, PayPal, or check, and payouts are typically made within 2-4 business days.
- EJ Gift Cards: This website offers up to 92% of the value of your gift card in cash. You can sell physical or electronic gift cards and get paid via PayPal, ACH transfer, or check.
- ABC Gift Cards: This website also offers up to 90% of the value of your gift card in cash. This platform has diverse payment methods so getting your cash after selling your gift card shouldn’t be an issue. You can sell your gift cards, and get paid via PayPal, ACH transfer, or check.
- Gift Card Spread: The last on the list is Gift Card Spread. This website allows you to sell physical or virtual gift cards swiftly. You can get paid via PayPal or check, and payouts are typically made within 2-3 business days.
Tips on How to Redeem Gift Cards for Cash
Redeeming gift cards for cash may not always be possible, but here are some tips that might help:
Sell the gift card online:
Use a gift card exchange kiosk:
Some grocery stores and retailers have kiosks where you can exchange your gift card for cash or another gift card. Check with your local stores to see if they have such kiosks available.
Use a peer-to-peer payment app:
You can use peer-to-peer payment apps like Venmo or PayPal to transfer money to a friend or family member who is willing to pay you cash in exchange for your gift card.
Check with the gift card issuer:
Some gift card issuers may offer a cash-back option for your gift card. Contact the issuer and ask about the possibility of exchanging your gift card for cash.
Use the gift card to buy items that you can resell:
If you can’t sell the gift card directly, consider using it to buy items that you can resell for cash. This could include electronics, clothing, or other items that have a high resale value.
Remember to always read the terms and conditions of the gift card carefully to ensure that you understand any restrictions or fees associated with redemption.
While gift cards are an excellent way to give and receive gifts, you may prefer to have cash on hand at times. It is not always possible to redeem gift cards for cash, but there are various other options available to you.
There are numerous options to convert your gift card into cash, including selling it online, using a gift card exchange kiosk, peer-to-peer payment apps, or even reselling products purchased with the gift card.
Whenever you want to redeem gift cards for cash, it is also critical to thoroughly read the terms and conditions and be aware of any fees or conditions that may apply. To avoid fraudsters or fraudulent operations, it is also important to select trusted websites and platforms.
If you have gift cards you no longer need or want, consider exploring some of the options mentioned in this guide to turn them into cash.