Convert gift cards into money

Author: Frank Hunt
Date Of Creation: 11 March 2021
Update Date: 1 July 2024
Anonim
How To Turn Visa Gift Card into Cash Using Paypal or Venmo | Transfer GiftCard Money to Bank Account
Video: How To Turn Visa Gift Card into Cash Using Paypal or Venmo | Transfer GiftCard Money to Bank Account

Content

A gift card is a good gift for someone who is difficult to shop for. However, sometimes money is preferable to a gift card. Fortunately, there are several things you can do to convert your receipt into cash. You can sell your gift card, exchange it for cash, or use your gift card to earn points that will save you money.

To step

Method 1 of 3: Sell your gift card

  1. Sell ​​your gift card to a website. There are several websites that buy your gift voucher and give money back for it. Some websites offer to pay for shipping so you can send your gift card to them. If you have a digital gift card, some websites will buy it directly from you. Make sure to look for reviews of the websites before choosing to sell your gift card.
    • Usually you will not be paid out the full value of your gift card.
    • An example of a website where you can sell your gift card is Wissel.
  2. Use an app to sell your gift card. Some companies also have a mobile app where you can sell your gift card. Download the app, submit your receipt and choose how you want to be paid - via PayPal or check. The company typically takes 15% of the gift card's value for commission.
    • Raise also has an app you can download.
  3. Put your gift card on an e-commerce website. If you don't want to sell your gift card to a website, you can also choose to put it on a website such as eBay or Marktplaats. You can sell your gift card for the purchase value, but it often sells better if you sell it for a little less. Remember, the website, like eBay, often charges a percentage of the sale.
    • Also include the shipping costs in the price if you send the gift voucher to someone.
    • Be careful when you need to meet someone to sell the gift card.
  4. Sell ​​the gift card to a friend. There is a chance that you have a friend who wants to buy the gift card from you. This is probably the easiest and safest way to sell your coupon. Ask around to see if any of your friends are interested. If someone is interested, meet with the friend or send the gift card by post.

Method 2 of 3: Redeem your gift card

  1. In the US, much larger stores and supermarkets have a "Coinstar Exchange" machine that allows you to exchange a gift card for cash. By entering the gift voucher you will receive an offer. The offer is usually 60% to 85% of the value of the gift card. You can choose to accept or decline the offer. If you accept the offer you will receive a voucher that you can exchange for cash at the till.
    • A Coinstar Exchange machine is different from a regular ATM.
  2. In the US, you can also go to a Gift Card Redemption Kiosk to convert your gift card into cash. This kiosk is in many supermarkets. You enter your voucher here and you will receive an offer that you can accept or decline. If you accept the offer, you can choose between a voucher that you can exchange for cash or a visa gift card.
    • You can find online where Gift Card Redemption Kiosks are.
  3. In the US, you can also exchange your gift card for another store. If you don't like the store your gift card is from, you can exchange it for a gift card from a store you like. You can do this online in the US or at select newsstands. For example, you can use websites such as CardCash to exchange your gift card. You can also do this at retailers like Target, and exchange your gift card for a Target gift card at the in-store kiosk.
    • This isn't exactly the same as getting cash, but if you have to buy things from the updated store, the card essentially works just like cash.

Method 3 of 3: Take advantage of your gift card in other ways

  1. Buy groceries with your gift card. Even if you don't receive cash, you can use rewards towards your purchases. For example, you can use visa gift cards or VVV gift cards to buy groceries or other supplies. If the supermarket has a savings program, you will receive points that you can use for future purchases.
  2. Use your gift card to get points for refueling. Some gas stations and supermarkets with gas stations have savings cards. Use your gift card for refueling. You can then use your reward points to buy gasoline in the future.
  3. Use your gift card at a drugstore to get redeemable points. First, you must sign up for the rewards program at your local drugstore / pharmacy for free. Then use your gift card from that store or VVV gift card to make purchases. You receive points for every purchase you make. The points can be redeemed for discounts or coupons.
  4. Give your card as a gift. If you have an unused gift card that you don't want, give it to a friend who would appreciate it. For example, if you have a coupon for a coffee shop but don't like coffee, give it as a gift to a friend who is a coffee lover. Make sure the card has not been used when you give it as a present.
    • If part of the balance has been used, you can tell the friend in advance and ask them if they want to use the rest.
  5. Donate your gift card. If you are not going to use your gift card, it is very generous to donate it to a good cause. Even if you have used part of the value, you can donate the remaining amount. A number of websites where you can donate your gift voucher are Doneerkadobon, Stichting AAP and DierenDonatie. Usually you will receive a receipt for your donation, which you can use for tax returns.

Tips

  • You can also donate your gift card to organizations and individuals in need.
  • Re-gifting your gift card to a friend you think might like is an option.

Warnings

  • Be careful when meeting strangers to sell your gift card. Only meet in public areas.
  • Make sure the website is legit before selling your gift card.