10 Best Gift Card Exchange Sites for Cash 2024 -

Best sites or apps to trade gift cards online instantly

These services specialize in gift card exchanges for cash, allowing you to turn an unwanted gift into cash to spend on anything else. Though there is normally a fee to conduct the exchange, as well as the fact that you won’t get the entire value of the gift card in cash, it’s better than the gift card sitting around collecting dust! Most sites offer between 80 and 85 percent of the value of the gift card, so even if you know you won’t use the card, you’ll still get a fair return.

Due to the rise in e-gift carding, sites now buy credit and digital codes as part of their business, so you don’t have to be in physical possession of the gift card to exchange it for cash. Be aware of websites with a bad reputation, since some will try to sneak hidden fees into the transaction or refuse to pay, wasting your time and money. To offer you a complete view, we’ve included both tried and trusted sites in our guide, as well as those we deemed to be less trustworthy, so you know which ones to choose. Even when using the best sites, gift card exchange for cash might take a long time, so don’t be alarmed if your money takes a long time to arrive.

What is a Gift Card?

A gift card is a prepaid card that can be redeemed for goods or services. The card is purchased by the gift giver and given to the recipient, who can then choose what they want.

The first recorded use of a gift certificate was in 1924 when Saks Fifth Avenue offered them as a way to help out shoppers during the Christmas season. In 1951, American Express introduced an actual credit card that could be used as a “gift” for someone else and then paid off over time.

Gift cards are often used as gifts for birthdays, weddings, holiday seasons and many other events. They are also a standard form of payment at many retailers.

What is a Gift Card Exchange Site?

A gift card exchange site is a website that allows users to sell their unwanted gift cards for cash. Gift card exchanges allow users to sell their gift cards at a price they decide on, and then purchase other discounted gift cards with the money they receive.

This can be a great way to get some extra cash back from your unwanted or unused gift cards, and it can be used as an alternative to selling them on eBay.

Some of the most popular sites are CardCash, Gift Card Granny, and Raise.

Best sites or apps to trade gift cards online instantly in 2024;

Raise
Gift Card Spread
CardCash
Gift Card Granny
Card Kangaroo
GiftCardBin

1. Raise

Best gift card exchange

Raise’s gift card exchange website is well-designed. The design is simple and modern, and it’s easy to figure out where to buy, sell, and receive rewards. The free mobile app has the same look and feel as the desktop version and is just as simple to use. The consumer guarantee is something we truly enjoyed about this swap website. If you’ve been waiting for a physical card to arrive, it has an inaccurate balance, or is just not the card you bought, Raise will reimburse your purchase price for a year from the date you purchased it.

Raise paid us well for our gift cards and provided partnerships with big shops, as well as the option of cashback where gift cards were not available. When exchanging gift cards for cash, you’re guaranteed roughly 85-90 percent of the value, which is low among exchange services. During our tests, however, we discovered that the total amount we received was comparable to other sites that may charge hidden costs.

PayPal, direct deposit, and a check in the mail are all options for getting paid (although this last option carries a hefty fee, so we cannot recommend it). This is the gift card exchange firm we’d recommend, as it has an A rating from the Better Business Bureau.

2. Gift Card Spread

Best for buying cards

Gift Card Spread has a wide selection of gift cards available for up to 31% off, which is among the greatest we’ve seen. This website is simple to navigate. Although retailers are listed alphabetically, you can also search by price, card type, or a variety of other criteria. Each merchant has a ‘up to’ a specified amount of savings, similar to other exchange services. You can then click to discover what alternatives are available to you.

However, when compared to competitors like CardCash, there isn’t an app that penalizes Gift Card Spread, and the procedure of selling your card is far too cumbersome to be worth the hassle. This is the place to go if you want to buy cards, but anyone looking to sell should go elsewhere.

3. CardCash

Best for sellers

While CardCash claims to offer ‘up to’ considerable discounts on vouchers for major shops, the fact is that it often delivers less than a percentage off full retail price – which isn’t worth the hassle. However, if you are able to discover a decent deal, all purchases are covered by a 45-day guarantee.

If you want to sell your gift card, though, you might have more luck. CardCash’s rates were greater than other competitors, giving them a smart choice if you want to get the maximum money for your gift card. You can also get this money in a handful of days if you use PayPal or direct debit payments, which is faster than most.

4. Gift Card Granny

Best selection of cards

Gift Card Granny has a good selection accessible, even if it comes in a different form than many of its competitors, with a free app to use on the go and a number of gift card alternatives from dozens of exchange websites and even more merchants. If the cashback option appeals to you, this is an excellent alternative with the flexibility to personalize eGifts to present to friends and family.

Gift Card Granny has a major drawback in that, while it provides a wealth of valuable and educational content and lists a large number of gift cards for purchase, it does not allow you to sell your gift card. This isn’t the site for you if that’s what you’re looking for. Giftcard Granny, on the other hand, provided discounts for over 1300 brands.

5. Card Kangaroo

A great inventory of cards

As of last November, Card Kangaroo had roughly 1,300 cards in stock and had served nearly 59,000 consumers. This website can be used to purchase, sell, or exchange unwanted gift cards, as well as to check the balance of a card you find in your wallet. CardKangaroo guarantees the stated balance of purchased gift cards up to $500 for 100 days after purchase. They take all major credit cards and PayPal.

If you want to sell a card, all you have to do is enter the merchant’s name, the card’s worth, and the website will make you an offer. Rather than merely entering the card’s information, you’ll be given a postage label and requested to mail your gift card in. CardKangaroo is a terrific gift card swap alternative if this isn’t too much of a hassle for you. You’ll either get a check in the mail or a PayPal payment.

If you’d prefer swap for a different gift card, simply select that option after entering the details for the card you no longer want. You’ll have to ship your gift card in before receiving the one you swapped it for in the mail once you’ve decided which one you want.

6. GiftCardBin

Good for customer satisfaction

If the other providers we examined aren’t delivering the results you expect, GiftCardBin is a viable option. Once you’ve created an account, you can search by discount, store, category, or your personal preferences. You can purchase either electronic or physical gift cards, with the latter arriving in the mail within ten business days. Digital cards will appear in your account within two business days, which is a little longer than some websites claim.

You can also acquire vouchers for certain stores that are printable at home and valid in-store. During our testing, we noticed reductions of up to 31%, which means you could get a $140 Lane Bryant card for less than $100. To make this deal work, you’d have to be confident in making a substantial buy.

With GiftCardBin, we witnessed some significant savings, so sign up for alerts in case any of your favorite stores come up with a nice bargain. While not recognized, an A+ BBB rating implies a high level of customer satisfaction, which is one of GiftCardBin’s biggest advantages over other services.

How a Gift Card Exchange Site Works and Who Should Use Them

Gift card exchanges are a great way to get cash for your unwanted gift cards. They work by matching the gift card you want to sell with someone who wants to buy it. You can use them if you have a gift card you don’t want or need anymore and want to convert it into cash.

There are many reasons why people might not want the gift card they received and would like to trade it in for something else. For example, they might not like the store that is on the card, they might not have time to shop at that store, or they might be too busy with other things and don’t have time to go shopping. Gift cards also expire after a certain period of time so people will often trade them in when their expiration date is coming up so that they don’t lose the value.

Pros of Using a Gift Card Exchange Website

Gift card exchanges are a great way to buy gift cards at a discounted price. They also provide an easy and convenient way of selling your unwanted gift cards for cash.

The pros of using a gift card exchange website are that you can get the best deal on your purchase as well as sell your unused cards for cash. It is also easy to find the perfect gift card from any store that you want.

Cons of Using a Gift Card Exchange Website

The cons of using a gift card exchange website are that the website may charge an additional fee for exchanging the card, and the value of the card may be less than it was when it was first given.

Many people have started to use gift card exchange websites in order to buy discounted products and save money. However, there are some things to consider before making a purchase.

One of the cons is that some websites charge an additional fee for exchanging cards or they need to verify your identity before giving you a new one.

The other con is that sometimes the value on your old gift card may be lower than what it was when you first got it, so if you want to use it again you will not get as much as you would like.

when do gift cards expire

can gift cards be used anywhere?

Gift cards are a great way to give someone the opportunity to buy something they really want. They are also convenient for the recipient as they can be redeemed at any store that accepts them. There is no need for them to have cash on hand or worry about whether or not the store will be open when they want to use it.

However, some people are wondering if gift cards can be used anywhere, and if so, what stores accept them? The answer is yes, but there are restrictions in place depending on where you live.

how gift card scams work

Gift cards are a popular present for many occasions, such as birthdays or Christmas. But they can also be used to scam people out of their money. Gift card scams can be particularly hard to detect because they are often very subtle and sneaky.

Some gift card scams include:

– Being persuaded by a stranger to buy and send gift cards to him.

– Buying a gift card and then selling it on a third-party website at a higher price than the original purchase price

– Purchasing a gift card with the intention of using it in full before the expiry date

– Buying products from an online retailer and then returning them for cash after buying the products with the gift card

how gift card companies make money

Gift card companies make money by charging fees for the processing and activation of the card.

The company also makes money from retailers when they sell the card. The retailer will pay a fee to the company for every purchase made with that gift card.

Gift cards are also a great way for companies to collect data about their customers and their purchasing habits.

how gift cards are activated

Gift cards have been around for decades, and they are still a popular gift. To make sure that they are not lost or forgotten, many people activate their gift cards.

There are two ways to activate a gift card:

1) by phone

2) online on the official website

Reusing gift cards

If you’re familiar with gift card swaps and have used them before, you may have a stack of cards with zero balances.

Once you’ve spent a gift card, there are a variety of things you can do with it. Dotdash publishing’s The Balance Everyday advocates placing extra money on the card and giving it away as a gift. Cards with lovely patterns or motifs can be cut into shapes and used as scrapbooking or design accessories. With a pair of scissors, you can quickly turn an old gift card into a stencil. Furthermore, cutting a jagged or curved edge on an empty gift card transforms it into a useful pottery tool.

Old gift cards can be used for a variety of home renovation projects, according to This Old House, a home builders website. For example, having one in your pocket as a straight edge is quite useful. Instead of getting a trowel dirty, you can use a gift card to glue down loose tiles. Gift cards may also be used to smooth down air bubbles in wallpaper or to caulk your tub, according to the website, and you can use one as a miniature paint shield in tight locations.

which gift card has the highest rate right now?

The answer to this question is not as straightforward as it might seem.

There are many factors that come into play when trying to find the best gift card, such as the expiration date, the amount of money on the card and how much you want to spend.

In addition, there are different types of gift cards that vary in terms of their benefits. For example, some cards can be used at any store while others can only be used at one specific retailer.

are gift cards taxable?

Gift cards are taxable, but the tax may not be imposed on the purchaser. In some states, the purchaser pays sales tax on a gift card. In other states, the seller pays sales tax when a gift card is sold.

The IRS has not addressed this question specifically. However, when you purchase a gift card from a store and give it to someone else as a present, you’re purchasing taxable property and paying sales tax on that purchase.

are gift cards traceable?

A gift card is a type of gift that can be redeemed for goods or services. Gift cards are popular gifts for holidays, birthdays, and other occasions.

Gift cards can be traced in most cases by the recipient if they have the card number. The recipient will need to contact the company that issued the gift card in order to have it cancelled or flagged as lost or stolen.

The company will then cancel the card and send a new one to you with a new number. If you are not able to get in contact with the issuer, then you should check your local law enforcement agency for assistance.

Conclusion: The Reasons Why You Should Use A Gift Card Exchange Site and How To Get Started Today

There are many reasons why you should use a gift card exchange site. You can be the recipient of a gift card, and want to exchange it for one that has more value or is more practical. You can also be the giver of a gift card, and want to trade it for a different one.

If you’re not sure how to get started with a gift card exchange site, here are some tips:

1) Find an Exchange Site Offering the Gift Card You Want:

2) Select the Gift Card Amount:

3) Enter Your Email Address and Password:

4) Receive your New Gift Card Instantly

10 Best Gift Card Exchange Sites for Cash 2024