A gift card is a usual present from relatives especially on different special occasions such as Christmas or Birthdays. But it is only a good present if it comes from a restaurant or a store that you actually go to. If not, it is useless. You can choose to give it to someone else who might be able to use it or perhaps you can exchange your gift cards for cash.
For those who have not heard of option number two, they will probably think that it is not a possible choice. Who would buy a gift card which you have regarded as useless in the first place? Actually, there are several companies and establishments available that do. They buy these unwanted cards from you for a percentage of its face value.
The face value of the card and its type or specific brand are the basis for the price percentage that these companies will offer you. It can also be based on the establishment where it was issued from. Then they sell these to other people at a discount.
You can sell them in bulk or individually which will depend on the offering and terms of the company. But not every kind of card is being bought by a specific company. There are those that buy only from some establishments. However, there are several others that buy any type and brand.
There are many of them that already have websites that transact with customers online. This way it is easier for you to know of their services and exchange with them. Payments are mostly done through PayPal, Amazon credit or checks.
But not every existing company is actually reliable. It is best to transact with those that are highly recommended by past clients in local web forums. This is useful to help you avoid from being deceived.
It is also best to check with the Better Business Bureau about the legality of these companies. You can also ask for paperwork from them or any proof that they are a legal organization such as registration papers. However, transacting with companies that have been around for a long time is highly recommended than transacting with new ones. It will assure you that they will not transact an empty business with you as means of upholding a good reputation with their past, current and future clients.
Most of the time, before you agree to sell them, you are given an offer by these establishments first. You will be able to know the price you will be getting before you actually agree to sell them. Once these companies receive your card, process them and authenticate their values, you will most likely get an issued check or payment through your credit cards. This normally takes at least three up to seven business days of processing.
So instead of giving them away, why not exchange your gift cards for cash instead? This way, instead of re-gifting them or settling for a specific store, you can have hard cash in your pockets and buy whatever item you need without the limit. This is a better option compared to that of the former.
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