Have you been hanging on to gift cards that you haven’t used? Gift cards get a permanent home in our purses and wallets for a number of reasons. A gift card us a wonderful thought from the giver, but sometimes we receive a gift card for a store that we just don’t use. Like a Starbucks card given to a non-coffee-drinker. Or maybe you received store credit for an item that you returned to a store, and you don’t plan on using the credit.
One way to get a little extra money in your pocket is to sell your store credit and gift cards online. While you can’t get the full amount that your gift card is worth, you can get pretty close.
The best way to sell your gift cards or unused store credit is through an online company. You can sell them on your own by setting up an eBay listing, or you can automatically transfer the balance to an online company in exchange for cash.
If you use eBay, you can choose to sell the gift card for any amount you want using their “buy it now” option. Or you can take your chances and let bidders compete for the price. You can mail the gift card to the buyer. However, in this digital age it would be simpler and easier to send the buyer the gift card number and any pin necessary to use the card.
There are also several online gift card purchasing companies. When dealing with money across the internet, always be cautious. Make sure you are dealing with a secure site and that you trust the organization. A few sites that have a good reputation are cardpool.com and cardcash.com.
I hope you liked this money saving tip! Also check out these budgeting and money-saving ideas:
18 Ways to Save Money on Groceries
Budgeting Tips to Keep you on Track
