Jan. 31, 2018
Did you get some gift cards you don't want?
It's easy to sell them for cash. Just be careful, so you don’t fall victim to a gift card resale scam.
Selling them on Craigslist or eBay is risky. You could get burned and lose everything. Hook up with a con artist and they’ll drain your card without paying you. I’ve spoken to people who have lost hundreds of dollars this way.
The smart move is to use a trusted online exchange website. And there are plenty to choose from.
"When you're dealing with Craigslist or eBay or something like that, you don't really know who you're dealing with,” said Shelley Hunter, the Gift Card Girlfriend on Giftcards.com. “But if you go to a trusted gift card reseller, it's a company, they generally have a money back guarantee, so if anything goes wrong you can get your money back. You don't have to worry about interacting with a person that you can’t trust. You've got a company sitting in the middle handling that for you."
A good place to start the process is at GiftCardGranny.com, an online aggregator that lets you instantly compare offers from various reputable websites.
I went on Gift Card Granny looking to sell a $100 Walmart card and got seven offers, ranging from $74 to $90.
Other options: You can get an instant exchange for some major gift cards at many Target and Safeway stores, as well as at those yellow Cardpool in-store kiosks.
More Info: How to safely sell those unwanted gift cards