Best Apps to Sell Gift Cards Instantly
Looking to turn your unused gift cards into cash? You're not alone. According to a study by Bankrate, Americans leave an average of $156 on gift cards each year. But did you know you can sell your gift cards and recoup some of that value? Here are some popular apps that can help you do just that.
Before we dive in, it's important to note that the value you'll receive for your gift card depends on the demand and the app's buyback rate. Typically, you can expect to get around 70% to 90% of the card's value. Now, let's explore your options.
Popular Gift Card Exchange Apps
These apps allow you to sell your gift cards for cash or exchange them for other gift cards.
Before using any app, make sure to read reviews and understand their fees, payment methods, and processing times.
CardCash
CardCash is one of the most popular gift card exchange platforms. They accept over 600 gift card brands and offer instant quotes. You can choose to receive payment via PayPal, check, or direct deposit.
Pro tip: CardCash often has promotional offers that can increase your payout. Keep an eye out for these when selling your gift cards.
Raise
Raise is another well-known gift card exchange app. They accept a wide range of gift cards and offer competitive rates. You can choose to receive payment via direct deposit, check, or PayPal. Raise also offers a unique feature that allows you to sell your gift cards for more than their value by setting a higher asking price.
However, be aware that selling your gift cards for more than their value may take longer to sell, and there's no guarantee they'll sell at all.
Cash-Only Gift Card Buying Apps
These apps specialize in buying gift cards for cash. They typically offer lower rates than exchange apps but provide a quick and easy way to turn your gift cards into cash.
Gift Card Granny
Gift Card Granny is a popular choice for selling gift cards for cash. They accept over 100 gift card brands and offer instant quotes. You can choose to receive payment via check, direct deposit, or PayPal.
One downside is that Gift Card Granny has higher fees than some other apps, which can reduce your payout.
Gift Card Bin
Gift Card Bin is another cash-only gift card buying app. They accept a wide range of gift cards and offer competitive rates. You can choose to receive payment via check or direct deposit.
Gift Card Bin is known for its quick processing times, with some users reporting receiving their payment within a day.
When selling your gift cards, always remember to check the app's reputation, fees, and payment methods. It's also a good idea to compare quotes from multiple apps to ensure you're getting the best deal. Happy selling!