Gift cards are a convenient way to give and receive money, but what do you do when you have a gift card you don't want? Cashing in a gift card can be a hassle, but there are several ways to do it.
One option is to sell the gift card online. There are several websites that allow you to sell your gift cards for cash. The amount you get for your gift card will vary depending on the website, the gift card issuer, and the remaining balance on the card.
Another option is to trade the gift card for cash at a local store. Several stores will allow you to trade in your gift cards for cash. The amount you get for your gift card will vary depending on the store, the gift card issuer, and the remaining balance on the card.
gift card into cash near me
If you're looking to turn your gift card into cash, there are a few things you'll need to keep in mind.
- Check the balance
- Look for fees
- Compare rates
- Read the terms
- Be aware of scams
- Protect your personal information
- Use a reputable company
- Get a receipt
By following these tips, you can safely and easily turn your gift card into cash.
Check the balance
Before you sell or trade in your gift card, it's important to check the balance. This will help you determine how much money you can get for your card. There are a few ways to check the balance of a gift card:
Online: Many gift cards allow you to check the balance online. Simply visit the website of the gift card issuer and enter the card number and PIN. You can also check the balance of some gift cards by using the mobile app of the gift card issuer.
In-store: You can also check the balance of your gift card in-store. Simply bring the card to the store and ask a cashier to check the balance for you.
Over the phone: Some gift card issuers allow you to check the balance of your card over the phone. Simply call the customer service number on the back of the gift card and follow the prompts.
Once you know the balance of your gift card, you can start shopping for the best way to turn it into cash.
Look for fees
When you're comparing different ways to turn your gift card into cash, be sure to look for fees. Some companies charge a fee to sell or trade in gift cards. These fees can vary depending on the company, the gift card issuer, and the amount of money on the card. It's important to factor in these fees when you're deciding how to turn your gift card into cash.
Here are some of the most common fees associated with selling or trading in gift cards:
- Processing fee: This is a fee that is charged by the company that is processing your transaction. Processing fees can vary depending on the company, but they typically range from $1 to $5.
- Transaction fee: This is a fee that is charged by the payment processor. Transaction fees can vary depending on the payment processor, but they typically range from 2% to 3% of the transaction amount.
- Shipping fee: If you're selling or trading in your gift card online, you may be charged a shipping fee. Shipping fees can vary depending on the shipping method and the weight of the gift card.
It's important to compare the fees charged by different companies before you decide how to turn your gift card into cash. By comparing fees, you can save money and get the most cash for your gift card.
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When you're selling or trading in your gift card, you'll need to compare the {! rates} offered by different companies. {! rates} vary depending on the company, the gift card issuer, and the amount of money on the card. It's important to compare {! rates} to get the most cash for your gift card.
- Flat {! rate}: This is a {! rate} that is charged as a fixed amount, regardless of the amount of money on the gift card. For example, some companies may charge a flat {! rate} of $1 to sell or trade in a gift card.
- Percentage {! rate}: This is a {! rate} that is charged as a percentage of the amount of money on the gift card. For example, some companies may charge a percentage {! rate} of 5% to sell or trade in a gift card.
- Tiered {! rate}: This is a {! rate} that varies depending on the amount of money on the gift card. For example, some companies may charge a tiered {! rate} of 3% for gift cards with a balance of $1-$100, 4% for gift cards with a balance of $101-$500, and 5% for gift cards with a balance of $501 or more.
- No {! rate}: Some companies offer to sell or trade in gift cards with no {! rate}. This means that you won't be charged any fees to sell or trade in your gift card.
It's important to compare the {! rates} charged by different companies before you decide how to turn your gift card into cash. By comparing {! rates}, you can save money and get the most cash for your gift card.
Read the terms
Before you sell or trade in your gift card, it's important to read the terms and conditions. The terms and conditions will outline the company's policies and procedures for selling or trading in gift cards. They will also specify any fees or restrictions that apply.
- Fees: The terms and conditions will specify any fees that apply to selling or trading in your gift card. These fees may include processing fees, transaction fees, or shipping fees.
- Restrictions: The terms and conditions may also specify any restrictions that apply to selling or trading in your gift card. For example, some companies may only allow you to sell or trade in gift cards that are issued by certain retailers.
- Expiration dates: The terms and conditions will also specify any expiration dates that apply to your gift card. If you do not sell or trade in your gift card before the expiration date, you may not be able to get any money for it.
- Other terms: The terms and conditions may also include other important information, such as the company's privacy policy and dispute resolution process.
It's important to read the terms and conditions carefully before you sell or trade in your gift card. By reading the terms and conditions, you can avoid any surprises and ensure that you get the most cash for your gift card.
Be aware of scams
Unfortunately, there are some scammers who try to take advantage of people who are trying to sell or trade in their gift cards. Here are a few common gift card scams to be aware of:
- Phishing scams: Phishing scams are emails or text messages that appear to be from a legitimate company, such as a gift card issuer or retailer. These scams often contain links to fake websites that look like the real thing. If you click on one of these links and enter your personal information, the scammers can steal your identity and use your gift card balance.
- Fake gift cards: Fake gift cards are gift cards that have been created by scammers. These gift cards may look real, but they are actually worthless. If you try to use a fake gift card, you will not be able to get any money for it.
- Overpayment scams: Overpayment scams occur when a scammer offers to buy your gift card for more than it is worth. The scammer will then send you a check for the overpayment amount and ask you to send them the gift card. Once you send the gift card, the scammer will cancel the check and you will be left with nothing.
- Gift card flipping scams: Gift card flipping scams occur when a scammer buys a gift card from you for a low price and then sells it to someone else for a higher price. The scammer will often use fake or stolen credit cards to buy the gift cards, so you may not be able to get your money back if the gift card is later canceled.
If you are ever unsure whether or not a gift card offer is legitimate, it is best to err on the side of caution and not proceed. You can also report any suspicious activity to the Federal Trade Commission (FTC) at 1-877-FTC-HELP.
Protect your personal information
When you're selling or trading in your gift card, it's important to protect your personal information. {! personal information} can include your name, address, phone number, and email address. If you give {! personal information} to a scammer, they can use it to steal your identity and access your financial accounts.
- Never share your {! personal information} with strangers. If you're selling or trading in your gift card online, only provide {! personal information} to companies that you trust.
- Be careful about clicking on links in emails or text messages that claim to be from gift card issuers or retailers. These links may lead to fake websites that can steal your {! personal information}.
- Use a strong password when you create an account with a gift card exchange website. Your password should be at least 8 characters long and should not contain any personal information.
- Be aware of the signs of a scam. If someone is offering you an unusually high price for your gift card, or if they're asking you to send them your {! personal information} before they send you the money, it's probably a scam.
By protecting your {! personal information}, you can avoid becoming a victim of gift card fraud.
Use a reputable company
When you're selling or trading in your gift card, it's important to {! use} a reputable company. {! reputable} companies will have a proven track record of providing good customer service and paying fair prices for gift cards. You can find {! reputable} companies by reading online reviews or by asking for recommendations from friends and family.
Here are a few things to look for when {! use} a reputable company to sell or trade in your gift card:
- Customer service: {! reputable} companies will have responsive customer service that can answer your questions and help you resolve any issues.
- {! rates}: {! reputable} companies will offer {! rates} that are competitive with other companies.
- Transparency: {! reputable} companies will be transparent about their fees and policies.
- Security: {! reputable} companies will use secure methods to process your transactions and protect your personal information.
By {! use} a reputable company, you can be sure that you're getting the best possible deal for your gift card and that your personal information is safe.
If you're not sure whether or not a company is {! reputable}, you can always check with the Better Business Bureau (BBB) to see if there have been any complaints filed against the company.
Get a receipt
Once you've sold or 100} your gift card, it's important to get a receipt. A receipt will provide you with proof of the transaction and will help you resolve any issues that may arise.
Here are a few things that your receipt should include deportation
- The date and time of the transaction
- The amount of money you received for your gift card
- The name of the company you sold or 100} your gift card to
- The contact information for the company
If you're selling or 100} your gift card online, the company should email you a receipt. If you're selling or 100} your gift card in-store, the cashier should give you a physical receipt.
It's important to keep your receipt in a safe place. If you have any problems with the transaction, you can use your receipt to resolve the issue.
FAQ
Here are some frequently asked questions about turning gift cards into cash:
Question 1: What is the best way to turn a gift card into cash?
Answer 1: The best way to turn a gift card into cash depends on the gift card issuer and the amount of money on the card. You can sell your gift card online, trade it in at a store, or use it to buy items and then return the items for cash.
Question 2: Where can I sell my gift card online?
Answer 2: There are several websites that allow you to sell your gift cards online. Some of the most popular websites include CardCash, Raise, and Gift Card Granny.
Question 3: What is the difference between selling and trading in a gift card?
Answer 3: When you sell a gift card, you are selling it to a company for cash. When you trade in a gift card, you are exchanging it for another gift card, usually from a different store.
Question 4: Can I trade in a gift card at any store?
Answer 4: No, you can only trade in a gift card at stores that have a gift card exchange program. Some of the stores that offer gift card exchange programs include Walmart, Target, and Best Buy.
Question 5: What is the maximum amount of cash I can get for a gift card?
Answer 5: The maximum amount of cash you can get for a gift card depends on the gift card issuer, the amount of money on the card, and the company you are selling or trading the card to. Most companies will offer you between 50% and 90% of the card's value.
Question 6: Are there any fees associated with selling or trading in a gift card?
Answer 6: Yes, some companies charge fees for selling or trading in gift cards. These fees can vary depending on the company, the gift card issuer, and the amount of money on the card.
Question 7: What should I do if I have a gift card that is lost or stolen?
Answer 7: If you have a gift card that is lost or stolen, you should contact the gift card issuer immediately. The gift card issuer may be able to cancel the card and issue you a new one.
These are just a few of the most frequently asked questions about turning gift cards into cash. If you have any other questions, you can contact the gift card issuer or a company that specializes in buying or trading gift cards.
In addition to the information provided in the FAQ, here are a few additional tips for turning gift cards into cash:
Tips
Here are a few tips for turning gift cards into cash:
Tip 1: Compare rates. Before you sell or trade in your gift card, be sure to compare rates from different companies. Some companies offer better rates than others, so it's important to shop around to get the best deal.
Tip 2: Read the terms and conditions. Before you sell or trade in your gift card, be sure to read the terms and conditions. The terms and conditions will outline the company's policies and procedures for selling or trading in gift cards. They will also specify any fees or restrictions that apply.
Tip 3: Protect your personal information. When you're selling or trading in your gift card, it's important to protect your personal information. Never share your personal information with strangers. Only provide personal information to companies that you trust.
Tip 4: Get a receipt. Once you've sold or traded in your gift card, be sure to get a receipt. A receipt will provide you with proof of the transaction and will help you resolve any issues that may arise.
By following these tips, you can get the most cash for your gift card and avoid any problems.
If you have any questions about turning gift cards into cash, you can contact the gift card issuer or a company that specializes in buying or trading gift cards.
Conclusion
Turning gift cards into cash can be a great way to get rid of unwanted gift cards or to get some extra money. There are several different ways to turn gift cards into cash, so it's important to compare rates and read the terms and conditions before you decide how to proceed.
By following the tips in this article, you can get the most cash for your gift card and avoid any problems. If you have any questions, you can contact the gift card issuer or a company that specializes in buying or trading gift cards.
So, if you have a gift card that you don't want, don't let it go to waste. Turn it into cash today!