Sell Gift Cards For Cash Online [Instant Payment, Where and How]

sell gift cards for cash online [instant payment, where and how]

Do you have a drawer full of unused gift cards? Perhaps birthday or lunch cards you'll never use, or store credits you don't intend to use. Don't worry anymore. You may easily transform those plastic rectangles into cash using the magic of online gift card marketplaces.

This article will walk you through the fascinating world of selling gift cards for cash online (instant payment) including the various platforms, and things to think about before completing your first transaction.

A gift card, also known as a gift certificate, gift voucher, or gift token, is essentially a prepaid stored-value card that functions like a substitute for cash at specific retailers or groups of businesses.

Gift cards often come in two forms: Closed-loop gift cards [Valid only at the issuing store or affiliated businesses (e.g., Starbucks gift card)], and Open-loop gift cards [ Accepted at a wider range of retailers or have network logos like Visa or Mastercard (e.g., Visa gift card)].

Find out detail information about selling a gift card below:

How To Sell Gift Cards For Cash Online (Instant Payment)

Several reputable platforms act as marketplaces connecting sellers with buyers. Some of these platforms offer instant payment with a potential lower payout out, while other offer faster payment with a higher payout. So, when selling a gift card, consider above.

Instant options:

  • PayPal Zettle: If you have a PayPal Zettle account, you can sell gift cards directly through the app. You'll get the money instantly deposited into your PayPal balance. However, they only accept certain retailers and may not offer the best rates.
  • GiftCash: This platform offers instant payouts for a wide variety of gift cards, with potential payouts reaching up to 93% of the card's value. However, fees might apply depending on the card and amount.

Faster payout options (within 48 hours):

  • CardSell: Download the app and provide the card details. You'll receive an offer, and if you accept, the money will be sent to your PayPal account within 2 business days.
  • Raise: Similar to CardSell, you get an offer based on the card details. If accepted, the money will be in your PayPal account within 1-2 business days.
  • CliPKard: User-friendly app, instant quotes, limited retailer selection.

In order to sell gift cards for instant payment, follow the general steps below:

  1. Choose a platform: Compare fees, payout speeds, and supported retailers.
  2. Provide card details: Enter the card number, PIN, and balance.
  3. Receive an offer: The platform analyzes your card and gives you a price.
  4. Accept and complete: If you agree, follow the platform's instructions to finalize the transaction.
  5. Get paid instantly: Funds are typically deposited directly into your chosen payment method (often PayPal) within minutes.

Things to consider before Selling a gift card are:

  • Fees: Some cards may have activation or inactivity fees.
  • Expiration dates: Pay attention to expiry dates to avoid losing the value.
  • Balance checking: Ensure you check the remaining balance.

Case Study:

How To Sell Gift Card On Raise

Raise is a popular online marketplace where you can sell unwanted gift cards for cash. They offer a fast and convenient way to convert those cards into instant payments.

Here is how to selling gift cards on Raise:

  1. Visit the Raise website or download the app.
  2. Create an account for free.
  3. Select the "Sell Gift Cards" option.
  4. Enter the details of your gift card, including the store, brand, balance, and card number.
  5. Raise will provide you with an instant offer based on the current market value of the card.
  6. If you accept the offer, Raise will verify your card and process the transaction.
  7. Once the verification is complete, you will receive your funds within 1-2 business days. Base on the pay method you choose.

Note that, Raise accepts Direct Deposit to your link bank account, Raise Credit, PayPal, Apple Pay, Android Pay, and Samsung Pay, and payments are made within 1-2 business days after verification.

Also, consider the following:

  • Fees: Raise charges a small fee for selling gift cards, typically around 15% of the card's value.
  • Payout speed: It may take 1-2 business days to receive your funds after your card is verified.
  • Minimum selling amount: Raise has a minimum selling amount of $5.

How To Sell Digital Gift Cards

Selling digital gift cards opens up a wider range of options compared to physical cards, as there's no need for shipping or handling.

Here's a step-by-step guide on how to sell your digital gift cards:

1. Choose a platform:

Consider instant payment, payout speed, supported retailers, fees, and reputation when choosing a platform. Here are some popular options:

  • Instant payment: PayPal Zettle (limited selection), GiftCash (potential fees).
  • Faster payouts (within 48 hours): CardSell, Raise, CliPKard.
  • Other options: Gameflip (for gamers), Cardpool (trades for different cards).
  • See more details above.

2. Gather information:

Have ready the gift card details (retailer, brand, amount, card number, PIN if applicable). Some platforms may require screenshots or purchase receipts for digital cards.

3. Create an account:

Most platforms require a free account for selling.

4. List your gift card:

Enter the card details on the platform and follow their instructions. Some platforms require additional information like card condition or purchase date.

5. Get an offer:

The platform will analyze your card and provide an offer based on current market value.

6. Accept the offer:

If you agree with the offer, proceed with the transaction. Some platforms require verifying the card by entering a code sent to your email or phone.

7. Receive payment:

Once verification is complete, you'll receive your funds according to the chosen payout method and timeline (instant, within 2 days, etc.).

PayPal Zettle (What is it about?)

PayPal Zettle is a point-of-sale (POS) system developed by PayPal that allows businesses to accept various payment methods, including credit cards, debit cards, contactless payments, and PayPal payments. It offers both hardware solutions like card readers and a mobile app for accepting payments on the go.

Some key features of PayPal Zettle

1. Accept payments:

  • Credit and debit cards, including Visa, Mastercard, American Express, and Discover
  • Contactless payments like Apple Pay and Google Pay
  • PayPal payments

2. Hardware options:

  • Zettle Reader: A simple card reader that connects to your phone or tablet.
  • Zettle Terminal: An all-in-one POS system with a built-in card reader and touchscreen display.

3. Mobile app:

  • Use your smartphone or tablet to accept payments anywhere.
  • Manage inventory, track sales, and send invoices.
  • Create and send custom receipts.

What Are Benefits of using PayPal Zettle?

Here are some of the key benefits of using PayPal Zettle:

1. Ease of Use:

  • Simple setup: No complex installation or technical knowledge required.
  • Intuitive interface: Easy to learn and navigate for both beginners and experienced users.
  • Mobile app: Accept payments and manage your business on the go with your smartphone or tablet.

2. Affordability:

  • No monthly fees: Only pay a small per-transaction fee, making it cost-effective for businesses of all sizes.
  • Transparent pricing: Clear and upfront pricing structure with no hidden fees.
  • Integrated with PayPal: No need to set up separate accounts for payment processing, simplifying your finances.

3. Functionality:

  • Multiple payment options: Accept credit cards, debit cards, contactless payments (Apple Pay, Google Pay), and PayPal payments.
  • Inventory management: Track your inventory levels and receive low-stock alerts.
  • Sales reporting: Generate detailed reports to analyze your sales performance and customer trends.
  • Invoicing and receipts: Create and send invoices and receipts to your customers.

How To Sell Gift Cards On PayPal Zettle

You can use PayPal Zettle to sell your gift cards online for cash. Here are are some key points to consider when selling gift cards on PayPal Zettle:

What type of card can you sell?

Selling gift cards for cash through PayPal Zettle has a limited selection of supported retailers. This means you can only sell gift cards from a specific set of stores or brands through the platform.

The list of supported retailers for selling gift cards on Zettle includes popular brands like:

  • Amazon
  • GameStop
  • Home Depot
  • Lowe's
  • Macy's
  • Nike
  • Best Buy
  • CVS
  • Domino's
  • Target
  • Walmart

In The Selling process:

  1. Set up gift cards: Go to the "Products" section in your PayPal Zettle account
  2. Select "Gift cards".
  3. Choose how you want to sell them (email, handmade physical cards, or pre-made physical cards).
  4. Enter details: Decide on random or custom card codes, expiry date, and terms.
  5. Sell the card: Use the Zettle reader or app to process the transaction when the customer uses the gift card as payment.

Conclusion On "Sell Gift Cards For Cash Online"

Selling gift cards for cash online can be a convenient and quick way to turn unwanted plastic into valuable funds. Whether you received a gift you won't use or have leftover store credit, several platforms allow you to easily convert them into cash online.

Platforms like PayPal Zettle, Raise, GiftCash, CardSell, CliPKard, Gameflip, Cardpool will allow you to sell gift card for cash online.