There may come a time when you receive an Amazon gift card for one way or another. Maybe it came from a survey site that only pays out in Amazon gift cards or maybe you received it as a gift.
Whatever the reason may be, you may not need it and are looking for ways to exchange it for some cold-hard cash.
Thankfully, Amazon gift cards are a hot commodity, so this often means you will get almost an equal value for your card, but in the gift card selling world, you do need to be careful as a lot of scams do exist. This is why you need to tread carefully. One wrong buyer and they can claim they never received it, leaving you without cash and your gift card.
In today’s post, I wanted to talk about the many ways you can sell your Amazon gift card for cash, even Bitcoin. Some options are almost instant, while some may take a few days. Nonetheless, there should be an option for all.
Below, you will find a variety of ways you can take advantage of right now.
How to Sell Amazon Gift Cards for Cash (Sometimes Instantly)
I have mentioned Raise.com a few times, such as in my how to sell gift cards instantly and how to make $100 fast post. In short, it’s a platform where you can sell and buy gift cards at a discounted rate.
To use, you just list your card, similar to that of eBay and wait for a buyer. Once it sells, Raise will then send you the cash via direct deposit, PayPal or a check, whichever option you choose.
Looking at Raise, there are two things to keep in mind, however. For one, they aren’t always allowing sellers to sell Amazon gift cards and only restrict it to certain sellers. This isn’t always the case, though. And, secondly, it appears you can almost get full value for your card, but you do need to factor in the Raise fees, which is about 15% of the selling fee. Just keep that in mind.
- Website: Raise
GC Spread will offer you an offer, usually in the 60-90% value range, depending on the retailer. If they are interested in your cards, they will notify you of a final quote, giving you the opportunity to accept or reject it.
I took a look at the site and did see a few Amazon gift cards, so it does appear they buy them; however, when I went to sell mine, they wouldn’t let me add Amazon as an option.
I’m going to add them here as it may be an option, but don’t be discouraged if you see they aren’t accepting them at the time. Consider it as an alternative if you need the money right now and don’t feel like waiting for a buyer on eBay or the likes.
- Website: GC Spread
CardPool is another company I have mentioned before, particularly in my cheap school supplies hacks post. If you want money right now, this is an option that’s tough to beat. And, while you won’t get full value for your card, it’s pretty competitive in comparison to the many methods already mentioned.
To get instant cash for your Amazon gift card, it’s as easy as finding a kiosk and/or cashier that can assist you. Just use the search tool found here and type in your zip code to see what’s around. Click on the location of interest and make sure they accept Amazon cards.
Before going to an actual location, I highly recommend you at least call ahead of time to confirm it exists. I have read some bad reviews online, where people stated they showed up and the retailer no longer participated.
Aside from the gift card kiosk, CardPool will also buy your cards online. You just need to specify the retailer and choose how you want to be paid. If they want your card, you can sell your card directly with no waiting period. It can take up to 24 hours to receive your payment, however.
Now, CardPool doesn’t always accept Amazon gift cards, so don’t be surprised if they don’t accept it. However, it’s one to keep bookmarked as they accept hundreds of other retailers, not just Amazon.
- Website: CardPool
eBay is a great option, but I have sold gift cards in the past and have been scammed, unfortunately. I still want to mention it, however, as you can succeed.
I learned from this mistake in that I shouldn’t send the code over electronically as my item is no longer covered by eBay. Instead, I should have sent it via the mail so that I could track it as well as eBay in the case a dispute is filed. Even if it’s an electronic card, you can still print out the paper and mail it.
If you do sell on eBay, make sure you mail out your gift card so that it can be tracked. Plus, in the case you are scammed, with the buyer saying they never received it, you can dispute your case and more than likely win. Lastly, in your transaction, make sure you always use PayPal to ensure your entire transaction is covered.
For the most part, most eBay transactions go on without a hitch, but as with anything, you will want to play your cards right just in case something bad does happen.
- Website: eBay
This is one I would consider, only if you can meet up in person to confirm the exchange.
To play it safe, I would meet a buyer in a very safe area, such as a police station, and then have them verify your gift card balance so that both parties are satisfied. Then, once confirmed, only accept cash and be on your way.
That way, if they changed their mind or even tried to scam you, it’s going to be very hard for them to get their money back unless they gave you counterfeit money in the first place. In that scenario, you could always purchase a counterfeit money pen to ensure the money is, indeed, real.
Craigslist can be a fantastic option, again, only if you meet in person.
As a side note, know that there are a ton of sites that work just like Craigslist. They may not be as popular, but they could still find you a buyer in some circumstances.
- Website: Craigslist
Letgo and the Many Competitors
Letgo is a very popular alternative to Craigslist, one I have reviewed in the past. It’s more of an app, but it has the same functions as Craigslist. I find it be very hit or miss, depending on where you live.
Like Craigslist, if you do plan on using this app, I highly recommend you meet in person and only accept cash as payment. Of course, let your buyer confirm the gift card numbers, but never accept checks or meet in a place you’re uncomfortable with.
Aside from Letgo, there are a few competitors to check out as well, such as OfferUp and 5miles, to name a few.
Like Craigslist, the Facebook Marketplace can be another option, again, only if you meet up in person. While it may be tempting to exchange cash online, it could be risky as you just don’t know who you’re dealing with. There’s no feedback system like eBay, so the person you’re working with could screw you over the minute you hand over your gift card.
If you’re unfamiliar with the Facebook Marketplace, I did write about how the entire process works in my Facebook garage sale guide. It’s as easy as logging into your Facebook account, looking for the Marketplace and then following the prompts to list your gift card.
- Website: Facebook
Reddit “Gift Card Exchange” or “Barter” Subreddit
If you’re familiar with Reddit, then you’re probably well aware of the subreddits. If not, picture it like a message board of sorts where people can talk about varying topics. So, for instance, if you went to the r/funny subreddit, then everything you read there will be “funny” in general. But, if you wanted to be more specific, such as the r/funnydogs subreddit, then you would only see funny things related to the dogs.
Well, Reddit has a subreddit for almost everything, including selling gift cards. I wouldn’t say it’s my favorite option, simply due to the scams involved, but it’s an option nonetheless. There’s also the “barter” subreddit, where you can barter for something else if you want more than just cash.
As long as you know how Reddit works and feel comfortable dealing with strangers on the platform, it could be one to consider. But, if it were me, I would put it at the bottom of my list.
If you do sell your gift card, just make sure you read the training guide that’s found in the subreddit’s sidebar.
Even though the domain seems like it’s catered to games, it actually has a very busy gift card exchange, where you can buy and sell gift cards at a discounted rate.
Much like CardPool and Raise mentioned earlier, you will need to list your card and then wait for a buyer to purchase your card. Generally, as long as your price is as close to the card’s value, you shouldn’t have a hard time selling it.
Then, when a buyer purchases your item, you send the card over and you receive your funds once the buyer confirms they received their item.
The only downfall here is that it does rely on a feedback system, similar to that of eBay, so if you haven’t sold much just yet, buyers may skip out on you at first until you build a decent reputation.
- Website: Gameflip
In using the GiftCardBin search results, you can find a location near you that’s willing to pay you cash for your unwanted gift cards.
I’m not sure if all locations will accept Amazon gift cards, but you can at least call up a location before heading there to see what they could give you for it.
To use their service, you bring a gift card to an authorized location, as specified in the search. Then, once your gift card is confirmed, they will hand you cash instantly on the spot. The only problem is that these options tend to pay out the least, so make sure you at least compare before being enticed in getting cash instantly.
- Website: GiftCardBin
In my research, I found a smaller company named QuickcashMI that was willing to buy your Amazon gift card. The cool thing about it is that they would offer you an instant offer.
Now, if you were to mail the gift cards to them, they would give you slightly more than sending them the codes via email. For instance, if I were to sell them a $25 Amazon card, they would give me $18.75 if I mailed it in, but only $16.25 if I sent it via email.
It’s not the greatest value, but seeing there aren’t many companies willing to give you money instantly, it’s one to consider if you need the money now.
- Website: QuickcashMI
BuyBackWorld is another company that’s willing to buy your Amazon gift card, but the biggest disappointment here is that they offered some of the worst quotes.
When I played with the calculator, they only offered $149.38 for my $250 Amazon gift card and only $14.94 for my $25 Amazon gift card. At that rate, I would be much better off selling on my own.
Again, I try to mention every option here, bad or good, so take it for what it is if you do consider them. They may offer some of the lowest quotes. Just a heads up.
- Website: BuyBackWorld
Get Bitcoin with Paxful
I know I’m talking about cash here, but if you don’t mind Bitcoin, you can use a platform like Paxful to get Bitcoin for an Amazon gift card you already have.
To use it, you just need to enter your Amazon gift card amount and then search the offers on the site.
In those results, you can then look at the buyers who want to buy from you, their feedback as well as what they are buying. For instance, when I did a quick search, I found more than 100+ people who wanted to buy my gift card, all with feedback in the thousands.
I know Bitcoin isn’t cash, but you can take one extra step and convert your Bitcoin into cash.
- Website: Paxful
If you have an Amazon gift card, there are so many ways to sell it, as you can see.
Whether you want cash instantly or you don’t mind waiting seven days, it is possible to almost get full cash value for your card.
In my opinion, your best bet includes eBay, only if you don’t want to deal with the public or Craigslist if you don’t mind meeting up with someone in person. Remember, if you do use eBay, be sure to send it in the mail to protect yourself in the case they say they never received it. And, if you use Craigslist, make sure you always meet in a public space, such as a police station parking lot. Only accept cash and make sure the buyer confirms the card before completing your transaction.
Or, if you’re like me, just save it for the future. Seeing Amazon has almost everything, why not save it for groceries or when you need something in the distant future? It’s almost as good as cash in some cases, right? Plus, you get full value for what it’s worth.
Now, I leave it up to you.
Am I missing any options?
Have you sold your Amazon gift card before? If so, which option worked best for you?
As always, feel free to sound off in the comments below. I always love hearing from you!
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