Gift cards are a very popular gift idea. However, if you received a gift card for a store you do not shop at, you may want to sell that card for cash. Though, typically, you cannot get the full value of the card in money, you will get more than you had before. To find out where to sell your gift cards, use these tips.
The first thing you should do to determine where to sell your gift cards is research. Run a quick Google search to see where you can sell unused gift cards for cash in your area. You will likely be presented with a variety of both online and in-person store locations. Make a list of all the most promising options you see. From there, you can compare the different locations.
Online vs. In-Person
There are advantages and disadvantages to both of your gift card selling options. If you want to sell online, there are more companies that purchase gift cards. The amount you can receive at these stores will vary but you will most likely receive more money selling online than in person. Selling online is also an excellent choice if you do not live close to any brick and mortar locations. If you want to sell in-person, the most significant advantage is that you will get your money faster. Plus, there is an increase in reliability and trustworthiness when selling directly to another person and not a computer screen. For most people, finding stores that buy gift cards for cash in Somerville, NJ, is the better option.
Once you decide between selling online and in-person, you can begin to select the specific store where you will sell your gift cards. Be sure to read online reviews and testimonials from real customers to learn about the overall experience. You should also search for the business on the Better Business Bureau website to make sure they are trustworthy.
Get a Quote
As mentioned before, you will never receive the full value of the gift card back. However, you should try to visit the store that will give you the most money for your card. When selling online, you will simply enter the store and amount to receive a quote. If you choose to sell gift cards for cash in store, you should call them or go to the store to ask.
Decide When to Sell
The resale value of your gift card can fluctuate throughout the year. Stores typically offer the lowest resale values directly following the holiday season. This is because they receive more gift cards during this time of year. You can make more for your cards if you hold onto them until the summer.