That stupid gift card might be worth money
Published by admin on
December 31, 2018 | By TERRI DICKERSON CDA Press Consumer Gal
Perhaps you are on the buying side of the transaction. In that case you can pick up a gift card for a discount off its face value.
A few services out there buy and sell gift cards. Many times sellers can typically expect to get about 70-80 cents back on the dollar, while buyers can find gift cards discounted up to 30 percent off the face value. The website companies make their money on the buy/sell spread.
When you sell a gift card online, you typically have the option to get your money by check or have the value transferred (trade) to gift cards from other retailers. You may even be offered more value (than if you get back cash) if you get your money on, say, an Amazon gift card.
Bottom line: Don’t let that plastic gather dust. These discount gift card sites can save or make you some money. Check out these websites for more information:
• www.ABCGiftCards.com
• www.CashCard.com
• www.CardPool.com
Each has its own rules. They don’t buy all gift cards and they have minimum values they’ll purchase, so make sure you read the fine print before you hit that buy or sell button.