Many of us receive gift cards as birthday or holiday gifts or rewards when we shop or participate in get-paid-to platforms. These gift cards are good as cash, as you can use them for purchases online or in-store.
But did you know that there are many unused gift cards each year? According to Bankrate, the worth of unused gift cards as of 2021 has amounted to $15 billion. Also, an average person is also ditching $116 worth of unused gift cards!
Are you a part of this data? Do you have physical gift cards or e-gift cards sitting around your home that you know you won’t use?
If you say yes, then maybe it’s time for you to sell gift cards online and make some cold hard cash.
And the best thing is that selling gift cards online or bringing them to a gift card exchange kiosk is a quick and straightforward process. You can exchange those gift cards for cash in no time!
How Does a Gift Card Exchange Kiosk Work?
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One of the best places to sell gift cards is at a gift card exchange kiosk. This is a machine where you can bring your unwanted gift cards and sell them for a portion of the gift card’s value.
The gift card exchange kiosk is a self-service booth, similar to ATMs and photo booths.
Here’s how to sell your unused gift cards using gift card exchange kiosks:
- Gather all your unwanted physical gift cards. Make sure that these gift cards are not expired to save yourself the trouble and effort in selling gift cards.
- Locate a gift card exchange kiosk near you. You can do a simple Google search to find kiosks near you. Simply type the “Gift Card Exchange Kiosks Near Me” in Google or check out the list below for the best places where you can sell your unused gift cards.
- Go to the gift card exchange kiosk of your choice, take out your unwanted gift cards and check their balances. The machine will prompt you to enter the information on your gift card. The machine will then show you the gift card balances and how much they sell.
- Accept or reject the cash offer . If you accept, the machine prints out a cash voucher. You take this voucher to the store’s customer service department where they’ll exchange it for cash.
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How Much Can Money Can You Trade Gift Cards at a Gift Card Exchange Kiosk?
Selling gift cards at a kiosk is quick and easy. But is it worth your trip? how much money could you make when selling gift cards at these places?
Well, it totally depends on the card’s balance. However, you’ll probably get a cash offer of between 60% and 90% of the card’s remaining balance. So it’s possible to get an offer of around $15 to $20 if you’re selling a gift card with around $25 in the remaining balance.
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Where are the Gift Card Exchange Kiosks Near Me?
Are you ready to swap your unwanted gift cards for cash? Then you must go to the gift cards exchange kiosks near you so you can take your gift cards there and earn cash instantly.
1. Target Gift Card Exchange Kiosk
Wherever you are in the US, there’s probably a Target store near you. Target gift card exchange kiosks not only exchange store gift cards, but VISA cards as well. The process is very similar to the one outlined above, so you can expect selling gift cards at Target to be effortless and easy.
2. Walmart Gift Card Exchange Kiosk
You can also take advantage of the Walmart gift card exchange program, where you can sell your gift cards at one of its kiosks. There are literally thousands of Walmarts in the country, so you’ll likely locate one near you and sell gift cards there.
3. CVS
You could also sell gift cards to over 200 CVS merchants in the country. Simply bring your unwanted gift card and scan it at a CVS kiosk. If you don’t want to leave home, you could also sell your gift card online through CVS and earn CVS e gift cards in return. You can use those CVS gift cards for future purchases at the pharmacy.
4. GiftCardBin
GiftCardBin is also one of the best places to do gift card exchanges for cash. There are over 600 locations, and all you have to do is pick one nearest you. Not sure if your gift card brand is accepted? you can check it on the website before you visit a physical location in person.
GiftCardBin also allows you to sell gift cards over text messaging. Yes, if it’s a hassle to come to a physical location or you just aren’t near one, then just “text” the image of the gift card.
If the gift card is accepted, you must show a valid ID and choose a payment method. You could get paid through your Paypal account, Venmo or CashApp.
5. Walgreens
If you’re near a Walgreen store, you could sell gift cards at one of their kiosks. Just bring your physical card and cash in the remaining balance at one of their locations. Some of these kiosks will only buy gift cards if your card carries a specific balance.
The Best Platforms to Sell Gift Cards Online
Don’t want to sell your gift cards in person? You can still do it online! I’ve rounded up the best places to sell gift cards online, and all you have to do is find the best one where you get the most money.
1. Gift Card Granny
One of the best places to sell gift cards online is Gift Card Granny. Selling gift cards on Gif Card Granny is as super easy. You can sell gift cards online through their platform and receive payment to your Paypal account. Or, you could trade your physical gift card with other cards you like. With Gift Card Granny, you can get up to 92% of the card’s value (but not always).
2. Raise
Selling gift cards online through Raise is also a good idea. Raise allows you to sell partially used gift cards for cash online. But instead of just selling it directly on the site, you can list the card yourself and set your own price. While this is a longer route, it also allows you to earn the most money from your unwanted gift cards.
Remember, though, that Raise takes out 15% in selling fees, so you have to factor that in when you set your price.
3. CardCash
CardCash also accepts cards popular gift cards from major retailers, so you can make more money from them if you aren’t using them.
The entire process of selling gift cards to CardCash is easy. Simply input the store name and the balance and get an offer immediately via PayPal, ACH, or check. Alternatively, you could swap your unwanted card with your desired store card.
RELATED: CardCash Review
4. CardSell
CardSell is an app that allows you to sell gift cards online. You could download the app from Google Play or the App Store. Now you just have to enter the gift card type and gift card number and CardSell will offer the card to its network of buyers. You will get paid through PayPal within 2-3 business days.
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5. Gameflip
Gameflip is the best place to sell cards, particularly Xbox live, Steam, and Google Play Cards. You must list the card online or in-app, setting the price between 2% to 15% of the card’s amount. The buyer will redeem online the gift card code, and you will get paid to your Gameflip wallet. Once the funds are in your wallet, you can direct deposit to your bank or PayPal account.
6. GiftCash
GiftCash is one of the top places to sell because you can get the most of your gift card’s value (up to 93%, depending on the retailer. Selling your card on GiftCash is quick and easy too. You just have to enter the gift card information and balance and get an instant offer. If you accept the offer, you’ll receive your payment as ACH, which you receive within 5-10 business days, or have it deposited as cryptocurrency.
7. ClipKard
If you have physical gift cards to sell, then check out ClipKard. Simply enter each card’s number and the retailer’s name, and ClipKard will give you an offer. If you accept the offer, you will be given a prepaid USPS shipping label, so you don’t have to spend anything on shipping. ClipKard will pay you through a mailed check or PayPal.
Also worth noting, ClipKard offers rewards for every transaction you make on the platform, whether you are buying or selling gift cards. Once you have accumulated enough points, you can use them to enjoy discounts on your next purchases.
8. QuickCashMi
You could also sell your gift card to QuickCashMi for cash. It works with many top retailers and store brands, whether you have a Target gift card or one from Macy’s or Old Navy.
You can visit a physical location and sell your gift card in person. You won’t get paid a higher value, but gives a quicker payout. Alternatively, you can sell online and get an offer instantly.
Frequently Asked Questions
How can I exchange gift cards for cash?
There are numerous selling options if you want to exchange gift cards for cash. You can bring your physical gift card to exchange kiosks at Walmart, Target, or CVS, where you can swap them up for cash. You could also check gift card marketplaces and other sites where you can sell your gift cards.
Do stores buy back gift cards?
Yes, some stores accept gift card returns as long as you have the receipt. You could get paid in cash with less than the card’s face value. It may be awkward to return unwanted gift cards, so it’s best to check out the retailer’s return policy before you present your gift card exchanges to them.
Where can I sell my gift card immediately?
You could sell cards immediately at gift card purchases exchange kiosks. But if you don’t want to sell in person, you could sell both physical and digital gift card to places like GiftCash, where you can choose your desired payment method, such as direct deposit or cryptocurrency.
Does Coinstar still buy gift cards?
Coinstar kiosks used to be a great place to sell physical gift cards until they ceased doing so. What Coinstar does nowadays is the complete opposite: you can buy gift cards from Coinstar with your coins. You just need to bring your coins to a kiosk, find a gift card you want to purchase, insert the coins into the slot, and out comes your gift card.
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- MyPoints – Earn points to read emails, answer surveys, shop online, or play games and convert your points into cash. Get up to $10 bonus with your first purchase.
- InboxDollars – Get paid to answer surveys and more. Get $5 free for joining here.
- Buy groceries for other people and get paid for it. Become an Instacart shopper here and get paid up to $16.49 per hour!
- Branded Surveys- Get paid instantly by answering simple questions. Join now!
- Looking for a job? FlexJobs is my recommended job site for flexible, work-from-home jobs. Get an exclusive discount of up to 30 percent off with the promo code FLEXLIFE.
Conclusion
Why let perfectly good and valid gift cards go to waste when you can sell them for cash? It doesn’t matter if you received a gift card for a home improvement store when you barely do any home projects. You could sell the card at a kiosk or online marketplaces and make money almost effortlessly.
Alternatively, you could swap your unwanted gift card for another desirable one. Whichever is the case, it’s good to know that you can always make money from your unwanted, even partially used gift cards. Of course, you’d want to look at a couple of different places and find one that gives the highest offers for your unwanted gift cards.