Consumers are well-known for giving and receiving countless gift cards each year. Sadly, a large proportion of these cards go unused. Gift cards are thrown into a drawer or lost, and recipients cannot always find something to buy. An unused gift card amounts to money wasted since these cards work like cash at retailers. Too many cardholders assume that they can’t find a useful product or service to purchase. These days, various solutions can help consumers turn their unused gift cards into cash or another card.
CardCash: A Gift Card Exchange Service
Dozens of gift card exchanges operate online and in stores today. CardCash is one of the Web’s newer exchanges, and it’s quite popular among consumers. Like other exchanges, CardCash enables users to buy and sell gift cards in minutes. Multiple payment options allow users to turn cards into cash immediately. The site allows sellers to turn around and purchase different gift cards, if desired. Successful sell transactions come with a fee, but sellers could receive 90% or more of the value on their cards.
Which gift cards are accepted through CardCash?
Currently, CardCash accepts gift cards from more than 400 retailers. New retailers are added to the service each day, and most popular retailers are included. This includes companies like Walmart, Best Buy, and others. Most gift card owners won’t experience problems selling their cards through CardCash, unless the card is from an obscure retailer. Also, the service doesn’t accept certain types of cards, such as loyalty cards and limited time promotional cards. Other restrictions or limitations may apply, too.
How It Works
A potential seller will sign onto the CardCash site and enter in their gift cards. Basic information like quantity, card retailer, and current balance is required. Within 10 seconds, the service returns an offer price for each card. CardCash may offer anywhere from 60-95% of the card’s current balance in cash to sellers. Sellers that accept an offer can mail cards in, and some cards are eligible for electronic processing. After the transaction is completed, users receive payment via ACH transfer, PayPal, or check.
Factors To Keep In Mind
Through CardCash and other exchanges, offers for gift cards vary based on demand and retailer. If an offer seems to low, a consumer should consider waiting a week or two to submit the card again for a higher offer. Mailing in the card results in the highest offer from CardCash, and a few dollars are sacrificed by choosing electronic processing. In lieu of cash, sellers can trade their cards for Amazon gift cards and more. It never hurts to compare rates between gift card exchanges for the best prices.
Is CardCash The Right Option For Everyone?
Gift cards have become the most simple and commonplace gift today. Consumers can use them like cash at applicable retailers. In the end, a limited number of options are available for gift cards besides simply using them. Selling cards to gift card exchanges like CardCash for money makes a lot of sense. Consumers may not want to lose a percentage of the card’s value, though, and others might prefer a different card exchange. Although CardCash is supposed to be accessible, not everyone will like the service.
In that case, a number of other exchanges are available, including Raise and Gift Card Granny, among others. Each cardholder should compare rates and potential payments through each platform. Failure to do so could result in leaving money behind. Every penny counts for gift cards, and exchanges help people turn unused gift cards into something more useful – cash.
CardCash Pros
+ Fast payments with multiple payment options.
+ Cards from 400+ retailers are accepted.
+ Sellers can turn around and purchase gift cards, too.
CardCash Cons
– Each card must contain a minimum balance of $20.00 to be sold.
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