How to Turn Gift Card Cash-Out Into Cash

Gift cards can be great presents, but they also can be a bit of a trap. They are not as secure as carrying cash and don’t come with any built-in customer support or account management options.

The savvy thing to do is liquidate the card and get cash, which can 문화상품권매입 then be moved directly into an investment account. Fortunately, there are websites that will buy your unwanted gift cards.

Sell Gift Cards Online

We’ve all been there: Celebrating the holidays often results in you getting gift cards to stores or restaurants you don’t even like. Fortunately, there are a few places you can turn these unwanted gifts into cold, hard cash.

For example, Raise offers an online marketplace that lets you sell your unused gift cards for up to 85% of their value. You simply enter your gift card information, including the brand and balance, and you get an offer. You can also sell e-gift cards on the site.

Other sites, such as ClipKard, provide a user-friendly online tool to let you sell your gift cards for cash instantly. You enter the gift card details and receive a quote within minutes. Once you accept an offer, the company will send you payment via PayPal or a check in the mail.

Then there’s Gameflip, which offers a marketplace for buying and selling various gaming-related products and services. You can sell your gift cards for cash on the site or through its Android and iOS apps.

Sell Gift Cards to Local Businesses

If you’re a retailer with a physical gift card program, there are plenty of websites that let you turn those unused cards into cash. Companies like ClipKard and CardSell allow you to share your card information, make an offer and ship the card off for payment. While you won’t get 100 percent back in cash, it may be more useful to someone than to just throw it away.

The downside of this type of solution is that it adds to the complexity of your accounting. You will need to keep track of what gift cards haven’t been redeemed and report on this regularly, whereas with an open-loop system your POS vendor or merchant bank is typically responsible for tracking unused balances and booking them as deferred revenue.

Another option is to sell your unused gift cards to a friend or family member for their face value. This can work, but isn’t as reliable or convenient as selling them online.

Sell Gift Cards to Local Retailers

There are plenty of kiosks around town that will exchange gift cards for cash or another kind of store credit. These machines are typically found in places like grocery stores and department stores. You can also try a website like CharityChoice, which allows you to donate unwanted restaurant and store gift cards to your choice of more than 2,500 charities.

Another option is to sell your gift card online to a reputable reseller like ClipKard. This site accepts physical and electronic gift cards and offers payment via PayPal, ACH or check. The company pays shipping costs for cards that are accepted, and it offers a money-back guarantee if the cards are not sold or redeemed within 60 days.

Another option is to sell the card to a friend who has a use for it. This is a safe way to go but doesn’t offer as much of a return as an online resale service. It’s also a good idea to ask friends and family members if they want to purchase your unwanted gift cards, as this can broaden the pool of potential buyers.

Sell Gift Cards to Local Restaurants

While gift cards are a valuable tool to keep your guests coming back, they’re also an effective way to attract new customers. In fact, a recent study showed that 44% of consumers surveyed say that using a gift card encourages them to try restaurants they wouldn’t otherwise have visited.

Gift cards can also help you reach a wider audience by encouraging people of different age groups to visit your restaurant. While millennials are the main demographic for buying restaurant gift cards, people of all ages and socioeconomic backgrounds can buy them as a thoughtful present.

If you have a gift card that you won’t use, you can sell it for cash through online services such as GiftCardBin or CardSell. These companies essentially act as middlemen, taking a cut of the total value before giving you back cash. You can also find a gift card exchange kiosk, which are ATM-like machines that spit out cash in exchange for the amount on your gift card.