Convert Verizon Gift Card To Cash
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Convert Verizon Gift Card To Cash
This article mentions 7 references, which can be found at the bottom of the page. This article has been viewed 458,044 times. Learn more... A gift card is a great gift for those who are hard to shop for. Sometimes, however, cash is preferred over gift cards.
Fortunately, there are several things you can do to convert your card into cash. You can sell your gift card, trade it in for cash, or use your gift card to earn points that will save you money. If you want to convert a gift card to cash, exchange it for cash online, trade it in at a kiosk at your local grocery store, or simply sell it to a friend.
Go to a website like Cardpool or Raise, which will buy the card from you. Just remember that they usually won't pay you for the full value of the gift card. You can also use a gift card exchange kiosk, which is usually bright yellow, located outside your local grocery store.
Trade Gift Cards Online
Enter the card information and accept or decline the offer they give you for the card. If you accept the offer, choose between a voucher that can be redeemed at the cashier for cash or a Visa gift card. Alternatively, if you know someone who shops for your gift card, just ask them if they'd be willing to trade cash for the full value.
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To learn how to donate your gift card to charity, read on! By clicking "Try it", I agree to receive newsletters and promotions from Money and its partners. I agree to Money's Terms of Use and Privacy Notice and consent to the processing of my personal information.
Money may earn a commission when you click on the products and services below Opinions are our own, but compensation and in-depth research determine where and how they appear. Learn more about how we make money. Gift cards are the most popular gift this holiday season, according to a poll by WalletHub
But if you find a gift card under the tree from a store you've never heard of — or would never shop at — you can look for ways to trade your gift card or exchange it for cash. While you can't actually return gift cards, there are several ways you can sell gift cards for cash or trade gift cards online for credit at another store.
Trade Gift Cards Online
So you won't actually be stuck with gift card daddies, letting money go unspent or wandering around the store in a desperate search for the least offensive item. Here are the best ways to sell or trade your unwanted gift cards To get cash for gift cards, you can use one of the gift card exchange websites that will offer you cash or a gift card for your unwanted gift cards from another retailer.
You will never get 100% cashback on online gift card exchanges. This is because the exchange itself usually charges a small fee, and buyers who use the exchange may not want to pay full price to buy a gift card a second time. But if you redeem your gift card online, you'll be able to get at least half of the full value back.
Depending on the type of gift card, amount and supply of matching cards, you can earn anywhere from 54% to 92% of the value of the card through an online gift card exchange, says Mark Romanelli, executive vice president of product at GiftCardNani.com. The largest aggregator of online gift card exchanges.
If you want to sell your gift card for cash, your return will be lower if you exchange it, says Romanelli: "Exchanging your gift card at another store is the best way to maximize your return." GiftCardGranny.com found that the cards with the highest resale value were for groceries (Safeway took the top spot), gas stations (Shell and ARCO took Nos. 2 and 3), or large retailers that offer a wide range of products, such as Amazon and Walmart, which rounded out the top five.
Sell Gift Cards For Cash
has (For a long list of options, see the best gift cards to give this year.) If you don't want your gift card value dictated by a reseller, use Raise.com to sell your gift card for cash. You set your own price - think eBay, but without the bidding.
WalletHub ranked Raise.com as the second best gift card exchange for sellers, with the average resale value on the site topping $81 for a $100 gift card. You can list any online gift card for free on this site; For physical gift cards, you pay $1 or 1% of the total balance, whichever is greater.
But you may have to wait to find a buyer who will pay your asking price. And when you sell the card, the company takes a 12% cut—so if you pay someone full price for your gift card, you'll get no more than 88% back.
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Gift card exchanges offer lower resale values right after the holidays, warns Romanelli. "There's so much supply coming into the market that a lot of cards don't sell as much as they do in the summer," he says. He notes that some people hold on to their gift cards for an extra month or more, to earn a few more percentage points in return.
Sell Gift Cards For Cash
Just make sure you don't wait so long that you forget to redeem your gift card, warns Shelly Hunter, content manager at GiftCards.com. The more people hold onto a gift card, he says, the more likely they are to forget about it and exchange or sell it.
People shouldn't be heartbroken not to get 100% of the card's value, because they're not getting value for keeping it," she says. To make sure you're getting the most for any deal, visit a few different gift card exchange sites and compare the offers. Get started at GiftCardGranny.com.
This online gift card aggregator lets you select your card merchant and easily compare offers from other reseller sites, including Cardpool.com and ABCGiftCards.com, to see the best deals among their partners. CardCash.com was the best for sellers, according to a WalletHub analysis of major gift card exchanges.
It offers instant sales for a $100 gift card and an average gift card resale value of $76.50. Note that each gift card exchange uses different fees and payment methods. Be sure to read the fine print so you know exactly what you'll be getting in exchange for your card.
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