Who doesn’t love to receive surprise gifts? But, what about a gift card that you’re probably never going to use?
Maybe you don’t like that restaurant’s ambiance. Maybe that store is too far. Or maybe the card doesn’t hold enough value for you to redeem it.
In any case, unless you’re planning to re-gift the card to someone else, you’re most likely to toss it into your drawer or add it to your gift card wallet, hoping to use it one fine day. But, you know you won’t. So, why not sell it instead?
Ahead, we’ve explained with the help of some statistics, why selling gift cards is a better option than storing them in your wallet until they expire.
Why your Sell Your Gift Cards?
According to research by Anduro Marketing, approximately 6 percent of the gift cards are never redeemed, and these gift cards amount to up to $20 billion, according to a Bankrate.com survey. The survey also revealed that 31 percent of the respondents estimated gift cards worth no more than $49. However, 18 percent still believed that they could bring a value of up to $499. The rest either had no opinion or never thought of redeeming the gift cards.
The 2019 Paytronix Annual Gift Card Sales Report has further predicted that if a gift card holder doesn’t redeem their card within six months, they will most likely never do it.
But you need to stop and think—what’s there to lose in selling a gift card? It’s not like you’re going to redeem it anyway. And if it turns out worthless after redeeming or worst—it expires? Instead, if you consider selling it, you know you’ll get at least some value for it. And who doesn’t like free money? Better than a 100% loss, though.
Now that (we think) we’ve convinced you to at least consider selling your gift cards, here are some tips from GC Buying that you must follow if you plan to sell your card.
Tips to Sell Your Gift Card
Don’t Trust Everyone
If you want to find the best website to sell your gift cards, make sure you do some research. Read customer reviews and testimonials available online for the specific website and turn around if there are more negative reviews than positive ones.
Find a Website That Pays You Instantly
Image filename: smart-watch-time
Image alt-text: A person watching time before receiving gift card payout
If a website promises that you’ll receive the payout in a day or two, they will probably plan to run away with your card. Find a company that claims to give you the cash within minutes after the transaction—because that’s how long it takes.
Make Sure the Card Isn’t Expired.
If you attempt to sell an expired card, you’ll only waste your time and that of the gift card traders.
If you’re looking to sell gift cards instantly, get in touch with GC Buying. Whether you’re looking to sell your Apple store gift card for cash, Amazon discount code UK, Walmart, or any other gift card, they will provide you with the payout within 15 minutes.
WhatsApp them at +971 54 565 6273 to trade your card or for any inquiries and concerns.