More people now want to know how to sell gift cards for cash instantly.
Along with this basic question, comes also another important question…
How much can you make in this transaction?
The answer isn’t binary in “a lot” or “not a lot”.
You can make a significant amount if you sell gift cards online instantly. But, with the same token, you can end up with poor returns.
A lot of factors come into play here… And these are the factors that you must heed to thoroughly when trying to exchange your gift cards for cash.
Find the Right Website
Owing to the rise in popularity, in recent times, many new resellers, exchanges and solution providers have emerged on the scene.
Needless to say, not all of them are good and offer the right deal.
So, if you’re really looking for higher returns, your foremost task is to find a good website that’s offering you power value for the gift cards. It’s unlikely that you’re going to get the exact sum that your gift card is worth. You want to find the best deal or the highest possible value.
Of course, this requires you to do adequate research work. So, spare enough time in finding the right website where you can sell gift cards online instantly and get high value.
Factors That Influence the Return
There are many factors that influence how much money you would get for your gift cards.
- As mentioned, the website where you’re selling your gift cards at is very important. Some will give make you good cash offers, others won’t.
- Which store is this card of? A gift card from well-renowned stores, as opposed to from someone that’s less-known, will sell at a much higher price.
- The face value of your gift card.
- The payment option. For instance, if you’re getting your balance on payment gateways like PayPal and Stripe, you will have to pay a fee for their service. This will undercut your returns.
When you consider these factors, along with several others, only then will you be able to tell how much money you can make when you sell gift cards online instantly. So, giving you any definite number is not possible.
However, that said, here are two things to remember…
- If others are making a good amount of cash this way, why can’t you?!
- You can make a lot of money with gift cards if you hustle in the flipping model. We wrote an entire post on this. Please read: Flipping Gift Cards – A Simple (And Kickass) Guide