How to Sell Gift Cards on PayPal
Do you have an excess of gift cards taking up space in your wallet or drawer that you could put to good use by selling them for cash? Instead of letting them go to waste, why not sell them and turn your unwanted gifts into extra income? PayPal is one of the leading payment platforms for buying and selling gift cards, providing an effortless means of turning unwanted cards into money. We will cover everything you need to know in this guide for selling gift cards on PayPal.
Basics of Selling Gift Cards via PayPal
First let’s cover the basics – before getting too complicated – of selling gift cards via PayPal. Before beginning, it’s essential to realize that not all gift cards can be sold for cash. Some retailers only permit their gift cards to be used either in-store or on their website; other may prohibit reselling completely; however, many renowned stores like Amazon, Target, Walmart and Best Buy allow gift cards to be resold altogether. Once you know if a retailer allows their gift cards to be resold, simply search online or read their terms and conditions to determine this information.
Finding a Trustworthy Buyer for Your Card
After making sure that they can indeed be sold resold, the next step should be finding a trustworthy buyer for your card. There are a variety of websites and marketplaces dedicated to buying and selling gift cards, such as Raise, Cardpool, Gift Card Granny and GiftCards.com. Each platform offers its own set of features and fees, so it is crucial that you conduct thorough research prior to choosing one.
Steps for Selling Gift Cards on PayPal
Typically when buyers accept PayPal as payment they require three steps be followed:
- Enter Gift Card Information: In general, it’s necessary to provide information such as retailer, card value and any other relevant details about your gift card.
- Receive Offer: Based on its value and demand, buyers usually make offers for gift cards sold.
- Accept or Reject Offer: Once you accept an offer, once accepted you’ll need to ship the gift card directly to the buyer using a secure shipping method (such as USPS Priority Mail).
- Receive Payment: Once a buyer receives and verifies your gift card, they’ll send payment directly to your PayPal account.
Tips for Selling Gift Cards on PayPal
Now that you understand the fundamentals, here are some additional tips for selling your unwanted cards on PayPal:
- Compare Offers: Don’t settle for the first offer that comes along; shop around before selecting one as your buyer.
Selling gift cards through PayPal can be an excellent way to both earn extra cash and declutter at once. Just remember to perform due diligence by researching offers, comparing pricing structures and using reliable platforms in order to ensure a seamless transaction. With just a little effort and knowledge, gift cards can quickly turn into real cash.
Refs:- “Can You Sell Gift Cards?” (NerdWallet)- “How to Sell Gift Cards for Cash” (Money Crashers)- “Best Places to Buy and Sell Gift Cards” (The Balance).