Author: Kemi Afolarin
Millions of people receive gift cards every year, but not all of them get used. Whether it’s for a store you don’t shop at, a brand you don’t like, or simply because you’d prefer cash, you’re not alone in wanting to exchange gift cards for money. Instead of letting them expire or sit unused, there are several ways to convert your gift cards into cash online.
Gift cards are a convenient way to make purchases, but they come with limitations. Many people prefer cash because: • They don’t shop at the retailer the gift card is for. • They need money urgently rather than store credit. • Gift cards have expiration dates, meaning they lose value if left unused. • The balance is too small to make a meaningful purchase.
Whatever the reason, converting gift cards to cash can be a great financial move, and the good news is that there are many platforms to help with this process.
One of the quickest ways to convert gift cards into money is by selling them on specialized platforms that buy and exchange gift cards for cash. These platforms allow you to upload your gift card details and get paid almost instantly.
1. Quchange
Quchange is a popular platform where users can sell gift cards for cash in exchange for instant payments. The platform supports a variety of brands and offers competitive rates.
How it works: • Create an account on the website. • Select the type of gift card you want to sell. • Enter the card details and balance. • Receive an offer and get paid instantly.
2. GCBuying
GCBuying allows users to sell gift cards for Naira with immediate payouts. The platform supports a wide range of gift cards, including Amazon, iTunes, and Steam.
How it works: • Sign up on the platform. • Enter your gift card details. • Get a quote and accept the offer. • Receive payment to your preferred account.
3. Paxful
Paxful is a peer-to-peer platform that allows users to sell gift cards for Bitcoin, which can then be exchanged for cash. It is an excellent option for those who prefer digital currency transactions.
How it works: • Create a Paxful account. • List your gift card and set your price. • Find a buyer and complete the transaction. • Withdraw your Bitcoin to an exchange and cash out.
For those who prefer crypto, some platforms allow you to trade gift cards for digital assets like Bitcoin, Ethereum, or USDT. After receiving the cryptocurrency, you can sell it for cash through an exchange.
Best platforms for gift card to crypto exchange: • Binance P2P • LocalBitcoins • Bitrefill
This option is ideal for users who are familiar with crypto trading and want to avoid traditional banking methods.
If you want to maximize the value of your gift card, selling directly to buyers can be an effective method. Instead of relying on exchange rates from third-party platforms, you can negotiate your own price.
Best peer-to-peer marketplaces for gift cards: • Facebook Marketplace • Craigslist • eBay
This method may take longer and requires more effort, but it often yields a higher return compared to instant buyback services.
Some online platforms allow you to sell gift cards and receive payment through PayPal. This is a great option if you want to access your funds quickly and transfer them to your bank account.
Platforms that support PayPal payments: • CardCash • Raise • Gameflip
Simply enter your gift card details, accept the offer, and receive your money in your PayPal account.
If you prefer an offline transaction, some stores and kiosks offer gift card exchange services. This method is ideal for those who want to receive cash immediately without waiting for online transactions to process.
Retailers and kiosks that buy gift cards: • Coinstar Exchange • Walmart (select locations) • Target
This option is best for those who live near a participating location and want to avoid online transactions.
#Tips to Get the Most Money for Your Gift Card
**1.Compare Rates on Different Platforms**
• Not all platforms offer the same rates. Check multiple websites to see which one gives you the best value.
**2.Sell Unused Gift Cards Early**
• Some gift cards lose value over time, so it’s best to sell them while they are still in high demand.
3.Be Wary of Scams • If selling through peer-to-peer platforms, only deal with verified buyers to avoid fraud.
**4.Check the Balance Before Selling**
• Some platforms require you to verify the gift card balance before making a sale.
5.Use Trusted Platforms • Always research a platform’s reputation before selling. Look for user reviews and ratings to ensure legitimacy.
Can I sell a partially used gift card? Yes, many platforms like Gcbuying allow you to sell gift cards with a remaining balance. However, the value offered may be lower than that of a full balance card.
How long does it take to get paid for my gift card? Most platforms process payments instantly or within a few hours. Some may take up to 24 hours.
Do I need to provide personal information to sell a gift card? Yes, most platforms require an email address and sometimes identity verification to prevent fraud.
What gift cards can I sell for cash? Popular gift cards include Amazon, iTunes, Steam, Visa, Mastercard, eBay, and Walmart on Gcbuying. However, each platform has its own list of accepted cards.
Is it legal to sell gift cards for cash? Yes, selling gift cards for cash is legal, but it’s important to use legitimate platforms to avoid fraud or unauthorized resales.
Turning gift cards into cash is easier than ever with the right platform. Whether you choose an instant buyback service, a peer-to-peer marketplace, or a cryptocurrency exchange, there are plenty of ways to convert your gift cards into real money.
By following the steps in this guide, you can ensure you get the best value for your gift cards while avoiding common pitfalls.
Welcome to the best gift cards trading website. We buy various gift cards like iTunes Gift Card, Amazon Gift Cards, Steam Gift Cards, Google Play Gift Cards, Sephora Gift Cards and a lot more.
RECOGNIZED AND DULY REGISTERED
UNDER THE NIGERIAN LAW
Registration info: GCBUYING TRADING SERVICES,
RC NUMBER: 3197743
2023 Copyright Gcbuying . ALL RIGHTS RESERVED