Want to Sell Unwanted Gift Cards? 4 Mistakes You Cannot Commit
Gift cards are popular gift items, especially during the holidays. But sometimes, despite the giver’s good intentions, you may end up with gift cards that you don’t really want or need. Instead of letting them gather dust in your wallet, you can sell them for cash or exchange them for other gift cards that you’ll actually use. However, there are some mistakes that you should avoid when you want to sell gift cards instantly. Here are four of them:
Avoid These 4 Mistakes When Selling Unwanted Gift Cards
Not Researching the Value of Your Gift Card
Before you try to sell gift cards instantly, you should know how much it’s worth. This will help you set a reasonable asking price and avoid getting ripped off by buyers. You can check the balance of your gift card online or by calling the retailer’s customer service number.
Selling Your Gift Card to an Untrustworthy Buyer
There are many online marketplaces where you can sell your gift cards, such as eBay, Craigslist, and Facebook Marketplace. However, not all buyers are honest or trustworthy. Some may try to scam you by offering to buy your gift card for less than it’s worth or by using fraudulent payment methods.
Not Reading the Terms and Conditions of the Gift Card
Before you sell your gift card, you should read the terms and conditions to make sure that you’re allowed to transfer or sell it. Some gift cards may have restrictions or fees that can reduce their value. For example, some gift cards may only be used in certain locations or have expiration dates.
Selling Your Gift Card for Too Little or Too Much
When you’re selling your gift card, you want to get the most money possible. However, you also don’t want to set an asking price that’s too high, as this can deter potential buyers. To find the right price for your gift card, you should do some research and compare prices on different websites.
The Bottom Line:
If you are interested in gift card exchange online, then finding and reaching the best vendor can be a great way to get some extra cash or exchange them for gift cards. However, you should avoid making these four mistakes to ensure that you get a fair deal and get paid in cash for the cards you need to sell.