How to Sell Gift Cards
Many of us are in a situation where someone gives us a gift card, but we do not find anything useful at that particular store. We are then buying something out of desperation or the card collects the dust until the date of expiry and can finally be garbage. This is not always the case because there are ways to exchange your gift card for cash.
Things to remember before selling your gift card
Before we go into detail and tell you how to sell your unused gift card, there are some things to remember.
If you try to sell your gift card, there is always the possibility of standing, so proceed with caution.
Make sure that you do not send the card without receiving payment. If this is a gift card for a particular store, make sure you meet the person you are selling at that store and verify that the card is working before completing the transaction.
Before selling e-gift vouchers, similar precautions should be taken.
If you are selling through third-party websites, make sure you read all the terms and conditions (including buyer protection plans) to avoid scams.
Gadgets 360 is not responsible for any problem in any way, which may happen during your trying to sell unsolicited gift cards in cash. Proceed at your own risk.
How to sell unused gift cards online in India
There are some websites that allow you to sell your unused gift cards in India. The catch is that most of these are markets so there is no guarantee that you will get a buyer. A site lets you sell gift cards directly, but it only pays approximately 35 percent of the card value, which is very low. Here are the sites that allow you to sell online gift cards in India.
Celebrate allows you to sell your gift card directly to the company for cash. Unlike other gift card exchange platforms, which we came across, the celebrated claims to pay for your card, rather than listing it on the market and asking you to wait for a buyer. The flip side is that it offers really low rates for gift cards – we were offered only about 35 percent of the value of our gift card.
Cancell is a market for gift cards, with the company being included in the form of an intermediary in terms of transactions for secure transactions. There are two types of transactions on Calwell – free and secure. There is a risky way in the way of free cancellous assistance. If you choose the option of secured transactions, then the company essentially acts as an escrow service and helps resolve the disputes, if any, and charges 5% of the sale price.
The profit to sell gift cards is another market. Your gift card can be listed on this site and other profits can be sold to the users, with the website, every gift card’s sales price is reduced by 5 percent. This website contains physical and e-gift cards and claims that within seven days of purchase, physical cards are posted to buyers.
Xingoy is also a market where you can sell unused gift cards. The site charges a small processing fee for every gift card sold and it varies from brand to brand.
You can always try to sell your gift cards through classified websites such as QUICKER or OLX. Be sure to be on your guard and take precautions as much as possible to prevent fraud and to ensure your safety. There are some trading sub-forums in some Indian forums, where you can sell some gift cards. For example, IndianVideoGamer allows you to sell physical gift cards related to gaming (such as PlayStation Plus card).
Social media website
You can also try your luck on your favorite social media website. Some of these are communities that allow you to sell or exchange your gift cards. For example, Reddit’s GiftCardExchange community lets people exchange gift cards for cash or other gift cards. The demand for Indian gift cards is low, but you can try your luck in local social media groups.
Which is your preferred forum for selling unused gift cards in India? What has been your experience? Tell us through comments.