By 
Consider yourself lucky—or at the very least unusual—if you’ve made it through the holiday season without accumulating a mountain of gift cards. We all have a lot of gift cards that we don’t know what to do with. They clog our drawers, pack our wallets, and occasionally make their way behind sofa cushions and bookcases.
Gift cards, on the other hand, maybe a boon. It’s fantastic to get free money to spend at your favorite store or a month’s supply of free coffee, but what if Aunt sends you a card for a cloth store you wouldn’t go near? What if a buddy offers you credit at a 50-mile-away sports goods store? In other words, what do you do with all those unused plastic pieces?
It’s as simple as that: simply cash in your gift cards. After all, why risk losing money when you can easily walk away with it?
What Are the Options for Selling Your Gift Cards?
The good thing is that you have a lot of alternatives when it comes to selling gift cards. The bad news is that determining where to go for the best value might be difficult. The first thing to realize is that you will never recuperate the face value of your cards, regardless of where you sell them. Customers will not pay the full $80 for a used $80 gift card. That so, getting 75 percent to 90 percent of the card’s value is preferable to getting no money at all.
Gift cards are often sold in one of three ways: through one of the following outlets:
Check-cashing store: Few people are aware that they may sell gift cards at a local check-cashing store. Check cashing stores are among the finest alternatives for convenience and profit because they buy gift cards at face value. They are not only more reliable than online-only dealers, but they also offer you cash right away, rather than making you wait for a check.
Online Gift Card Resellers: As more consumers decide to sell their old gift cards, a slew of new websites have sprung up to cater to the rising demand. Gift-card-only sites typically require vendors to mail in the card, which might take some time. Some of them allow users to enter a code and a PIN number over the internet.
Online auction platforms: Online auction platforms are used by the majority of people who wish to sell gift cards. Unfortunately, it might be one of the least profitable solutions available. For starters, buyers on eBay like to buy gift cards at a steep discount, meaning you’ll make less money as a seller. Furthermore, both insertion and final value fees on online bidding platforms are based on a percentage of the sale price. This is in addition to the transaction fee that PayPal will impose.
