Unclaimed Gift Cards
Unclaimed Gift Cards - Instead of letting unwanted gift cards go to waste, turn them into cash. While most of us would love to get gift cards, sometimes it just doesn't quite get the job done. Maybe you got a gift card for a hardware store but you're not a DIYer, or you collected some gift cards for fast food chains but you're trying to eat better.
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Unclaimed Gift Cards
If you think some of your gift cards will end up in the junk drawer, consider converting them to cash. Unwanted gift cards can stay at the bottom of a pile of bills, loans, and gift cards in the bank for years—maybe even forever. A 2009 federal law says most gift cards don't expire for five years, and many states don't allow them to expire at all.
However, leaving gift cards in your purse or locker for years to come won't do you any good. Of course, it's common for people not to use gift cards as a financial statement that merchants use when filing tax returns to describe income on gift cards or other services.
Prepayments not made by customers: break. The term refers to a gift card that is damaged due to not being used. It's not bad for a customer to spend money on an unused gift card; In fact, this is not very good for the customer.
Your Money Decisions
If you don't want the gift card to be a gift to the merchant, but you don't want to use the gift card to purchase items the business sells, there are ways you can exchange the unused gift card for cash. . Read on to find out how.
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To buy gift cards online, find resale sites and buy them for face value, says Bethany Hollars, a spokeswoman for BrickSeek, a rebate-checking website. It is recommended to compare shipping rates from multiple locations to get the best value for your card. He said, “Many of these sites will let you trade in a gift card instead of the store gift card you use. Don't forget about places like eBay and the Facebook Marketplace, where you buy gift cards for a few dollars below face value.” Gift card sales markets have changed over the years.
Some did not survive the epidemic, and some merged with others. Have one or two gift card sites that look safe but have a bad reputation when you check out the Better Business Bureau. If you choose a website that isn't on this list to sell unwanted gift cards, do some research on the site first.
Here are eight websites and apps where you can buy unused gift cards online: You can buy your gift cards on CardCash, but keep in mind that the amount you earn will vary. these things. For example, for a $25 target card, you can expect to get an offer closer to $20 or more or less.
The Most Requested Gift By Far
Basically, you can get up to 92% of the card's value; You will not get everything 100%. The site should be useful. You can also exchange your gift card for another gift card, which means more value for money. If you have a $100 Flowers 1-800 gift card, for example, you can get $60 cash back, or a $61.50 Walmart gift card.
Cashbacks and gift cards are different. Like other sites for buying gift cards, GiftCash allows you to type in the name of the card you want to buy and pay to get an offer. Of course, if the card is for a popular store like Target or Best Buy, you'll likely get the most out of the discount—somewhere in the high 80% or low 90% range.
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At the time of writing, the highest return for GiftCash is 93%. GiftCash accepts cards with a minimum value of $25 and up to $2,000. (There are a few exceptions: for gift cards to Air Canada, Apple/iTunes, and Petco, you must have a minimum card value of $100.) With Raise, you set the value of your gift card.
You can list your card for free, and if someone sells it, they will give a 15% uplift commission. You can purchase gift cards with partial credits, but the value of physical gift cards must be at least $10. The eGift Card must have a balance of at least $5.
The Most Requested Gift By Far
All gift card balances must be less than $2,000. Raise pays you via ACH direct deposit or PayPal, for free. ClipKard is a reporting tool that shows if your card is accepted and how much you're paying. If you accept cash, you will ship your Gift Card to ClipKard using a prepaid USPS shipping label.
You can upgrade to Premiere, but additional costs will come from the money you receive. And whether you buy or sell a gift card here, you'll earn rewards points. If you buy or sell $50 gift cards, you earn 50 points, for example. After you earn 1,000 points, you can redeem a $10 discount on future purchases.
This is probably the site you want to use if you have a lot of gift cards to buy - enough to get you 1000 points. If you have 50 points on the website, it's as good for you as the unwanted gift card in the drawer.
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In Gameflip, players can, among other things, buy and sell gift cards. You can find gift cards from brands like Amazon, Starbucks, and places like Google Play, PlayStation Network, and Xbox Live. You don't have to be a gamer to use this site, but it helps.
So How Many Gift Cards Actually Get Bought — And How Many Go Unused?
If you buy or sell a gift card here, you will create a Gameflip profile and then list your gift card and purchase price. Gameflip suggests discounting your gift card at 2% to 15% of its value, minus the listing fee, 8% commission and 2% digital fee if applicable.
If you redeem your gift card, the money will be credited to your Gameflip account. At that time, you can withdraw using digital payment systems. If you haven't heard of Wise, Payoneer, Skrill or Bitcoin - all digital currencies - here's your chance to learn.
MI stands for Michigan, where the company is located. QuickcashMI is a very easy to use site. It sells gift cards from a list of brands including JCPenney, IHOP, and Amazon. You just enter the amount on the gift card and QuickcashMI tells you how much it cost.
How much money they spend depends on the brand (common among gift card selling sites). For example, a $100 gift card to Zappos will cost less than a $100 gift card to Amazon. GiftCardBin does not allow you to purchase gift cards through their website, but you can navigate to the map based on typing in your zip code.
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