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Jordan Bennett
Jordan Bennett

Who Buys Gift Cards Online


To sell gift cards online, find resale sites that will buy them for close to their face value, says Bethany Hollars, spokesperson for BrickSeek, a price-checking website. She advises comparing offer prices from several sites to get the highest price for your card.




who buys gift cards online



GiftCash accepts cards with a minimum value of $25 and will go as high as $2,000. (There are a few exceptions: For gift cards to Air Canada, Apple/iTunes and Petco, you need to have a minimum card value of $100.)


With Raise, you set the price of your gift card. It's free to list your card, and if someone purchases it, you'll give Raise a 15% commission. You can sell gift cards with partial balances, but any physical gift card has to have at least $10 on it. An eGift card must have at least a $5 balance. All gift card balances must be less than $2,000.


GiftCardBin no longer allows you to sell gift cards through its website, but you can go to a map on the site and type in your ZIP code. If one of its 600 partner locations is near you, you simply take in your gift card and a valid form of identification and get cash for it.


Sites like Raise operate as a sort of marketplace with the burden to sell the gift card placed on you. You'll be able to choose how heavily you want to discount your card, and you can view the discounts that others with similar gift cards are offering. You won't receive any money until someone buys your gift card.


That's a higher fee than many other sites, though Raise's strong reputation can make it worth the price for some. Selling gift cards for the first time can be a bit nerve-racking, after all. Raise offers two payout methods: ACH direct deposit and PayPal.


One of the best features of CardCash (and an advantage it has over Raise) is that it's pretty indiscriminate as to which gift cards it will buy from you. It follows standard practices, such as refusal to sell gift cards with expiration dates or promotional cards that can only be spent in certain areas. But the list of accepted merchants seems to be much larger than that of Raise. So even if your obscure gift cards don't yield a huge return, you'll at least get something.


The same way you can use sites like Raise and CardCash to sell your unwanted gift cards, you can use them to buy other people's gift cards at a discount. If you're planning to purchase discounted gift cards through these sites, be sure to use a credit card that will give you the maximum return for your spending. Gift card marketplaces won't fall into any bonus categories, so the best strategy is to spend on a card that gives you a respectable flat rate on everyday purchases, such as:


Enjoy 5% cash back on travel purchased through Chase Ultimate Rewards, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 1.5% on all other purchases


You can easily turn gift cards into cash (or more desirable gift cards) through reputable sites like Raise and CardCash. The site you choose will depend on the ease of sale and the type of gift card you have. You won't get full value for it, but that's still better than letting a gift card go unused.


Gift cards are available to sell on all Shopify subscription plans. For more information, refer to Frequently asked questions about gift cards. To add gift cards to your store, refer to Adding or updating gift card products.


Petitti eGift Cards (Buy online now):Receive this gift immediately to your email account, then print & package it as you like for the recipient! Available in any amount from $10 to $250. Note we are unable to accept American Express.


Gift cards are one of the most popular holiday purchases and remain in demand year round. A recent survey reported that 83% of consumers intend to purchase a gift card this holiday season. 51% anticipate spending between $50 and $100 on gift cards, while 24% say they will likely spend between $500 and $5,000.


Unfortunately, fraudsters like gift cards too. There are a variety of schemes they can employ to take advantage of the fact that gift cards have few of the security features that modern credit cards do. Many of these schemes will result in chargebacks, with the merchant left holding the bag. But there are ways for merchants to protect themselves and reduce their revenue losses.


It makes sense that merchants would want to offer gift cards. Customers want them, they increase sales, and they can be a good marketing tool. That doesn't mean that gift cards are all upside, however.


The rapid rise in e-commerce due to COVID-19 brought with it a rise in purchases of online gift cards. More people than ever were suddenly looking for an easy way to send a gift to friends and family they might not see in person, and delays throughout the US postal system made many people wary of purchase gifts that would have to be shipped.


There are two types of gift cards: open-loop gift cards that can be used with any merchant, such as those from Visa or Mastercard, and closed-loop gift cards tied to a single merchant. Most of the information here will apply to both.


Fraudsters simply use stolen credit card numbers to buy gift cards online and use or resell them before the merchant gets hit with the inevitable chargeback. This is one of the easiest ways for a fraudster in possession of stolen payment credentials to make a quick profit.


A more reliable way for fraudsters to wring actual cash out of a stolen account is to buy mass quantities of gift cards, which can be used immediately. Most merchants would benefit from putting a system in place to automatically flag large or repeated gift card purchases for review.


Because gift cards are a common target for fraudsters, merchants may choose to require additional authentication steps for gift card purchases. It's also wise to block or require additional authentication for purchases over a certain amount or when multiple gift cards are purchased with the same payment card or from the same IP address.


In order to obtain additional customer information, merchants could choose to require the recipient of a gift card to create an account before using it. While many merchants avoid implementing this requirement more broadly over fears of cart abandonment, that's not an issue with closed-loop gift cards.


Merchants should have a way to tie a chargeback on a gift card purchase to the individual gift card number and either block or void the balance on the card. Note that while this is usually permitted as long as the original purchaser of the gift card has been refunded, laws regarding gift cards vary by jurisdiction.


Some customers may need to purchase multiple gift cards at once to give away as gifts to large groups of people, like family members or employees. Customers who need to buy multiple eGift cards at a time can purchase them in bulk from your online eGift card order page.


If your customer makes a bulk eGift card purchase, they can send all the eGift cards to one email address or one eGift card to multiple emails. If they send all the eGift cards to the same email address, the recipient will receive separate emails for each gift card to avoid bounced emails. If your customer used a promo code, it will apply to all eGift cards.


Note: Customers can also reload their eGift cards online from the original eGift card email they received, from their Square profile, or directly from your eGift card order site, which you can find in yourGift Card Settings in your online Square Dashboard. To reload their eGift Card online, customers will need to confirm their eGift Card number, PIN (if applicable), and payment card information.


By applying filters in your online Square Dashboard, you can view in-depth information about gift cards purchased by customers, such as the purchase date, card type, purchase location, last four digits of the card, card balance, last name of purchaser, purchaser email, and more. To apply filters:


1Restrictions apply. Cards do not have value until activated and cards are funded. When adding gift cards to your pickup order, you will see a $0.10 charge per gift card. This charge will be removed when you pickup your order.


2*CARDS HAVE NO VALUE UNTIL ACTIVATED. TERMS AND RESTRICTIONS APPLY. Only purchases made with your Shopper\u2019s Card from the Kroger Family of Companies or made by scanning the loyalty barcode on the back of your Kroger Family of Companies World Mastercard\u00AE are eligible. Excludes the Kroger Family of Companies Gift Cards, ALL PREPAID RELOADABLE DEBIT CARDS (Green Dot\u00AE, MoneyPaks\u00AE), & ALL FINANCIAL VARIABLE LOAD CARDS (American Express\u00AE, Mastercard\u00AE, & Visa\u00AE). Offer may be modified or discontinued at any time without notice. Fuel discounts are limited to up to 35 gallons of fuel per purchase, subject to fraud prevention limits on the amount of purchase. Not valid where prohibited by law. Subject to availability. See gift cards for details, terms, conditions and (if applicable) fees. All trademarks are property of their respective owners. Third party participants are not a sponsor of the promotion. Product and offer may not be available in all states. Wireless Phones & Airtime cards are excluded from this promotion. Selling or purchasing fuel points is prohibited. Fuel redemption offer cannot be combined with any other discounts. No discounts to dealers, wholesalers or fleet programs. No cash back. Not valid where prohibited by law. Fuel discount not valid in LA or MO. We may suspend or remove you from the fuel program due to suspected violation of these terms or because of fraudulent activity or suspected fraudulent activity. The Visa\u00AE and Mastercard\u00AE Gift Cards are issued by U.S. Bank National Association, pursuant to a license from Visa U.S.A. Inc. or Mastercard International Incorporated. See Gift Card for terms and applicable fees. No cash access. For use in the U.S. only. The creditor and issuer of the Kroger Family of Companies World Mastercard\u00AE is U.S. Bank National Association, pursuant to a license from Mastercard International Incorporated. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. \u00A9 2022 U.S. Bank 041b061a72


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