E-commerce
Understanding Gift Card Reselling: Platforms and Payouts
Understanding Gift Card Reselling: Platforms and Payouts
Introduction
Selling unwanted gift cards can be a convenient way to recover some of the value you've paid into them. In this article, we will explore the different platforms available for reselling gift cards and highlight the experiences and payouts of using popular websites like Raise, CardCash, and eBay. We will also consider the risks and benefits associated with each platform.
Popular Gift Card Reselling Platforms
Raise
Raise is a well-known platform for reselling gift cards, and it is suitable for both digital and physical cards. One of the notable advantages of using Raise is that it allows for the reselling of partially-used gift cards, which broadens the user base and can lead to quicker sales. However, the payouts from Raise may be lower compared to other platforms.
Payout: Raise typically offers around $15-$17 for a 20 Walmart gift card, which may be less than other platforms. Payout Speed: The process is relatively quick, taking just 10 minutes. Scam Risk: While Raise is generally safe, any transaction involving value can carry some risk of fraud.CardCash
CardCash is another popular choice, especially for users who primarily deal with digital gift cards. It excels in handling digital gift cards effectively, making it a strong competitor for eBay in terms of both risk and payout rates. CardCash is also well-regarded for its ease of use and relatively low risk of scams.
Payout: CardCash usually offers a rate around $17 for a 20 Walmart gift card, which is competitive with other platforms. Payout Speed: The process is quick, taking only 10 minutes. Scam Risk: CardCash is considered one of the safer platforms among the major players, alongside eBay.Clip Kard
Clip Kard is another option, but it may not be the most lucrative. The benefit of using Clip Kard is primarily the fact that it requires mailing in the physical gift card, which can be appealing for those who do not want to use online platforms. However, the lower payouts and variable offers make it a less favorable choice compared to Raise and CardCash.
Payout: Clip Kard typically offers the lowest payout of around $15 for a 20 Walmart gift card. Payout Speed: The process is straightforward but can take longer as it involves mailing the physical card. Scam Risk: While lower scam risks exist, it's important to check the individual offers and ensure they are legitimate.Comparison of Payouts
eBay: Offers the highest average payout with around $17.44 for a 20 Walmart gift card, but comes with a higher risk of encountering scammers. CardCash: Pays out around $17.30 for a 20 Walmart gift card, balancing higher risk with lower payout. Raise: Usually offers around $15.30 for a 20 Walmart gift card, with lower risk and faster payout. Clip Kard: Offers the lowest payout at around $15.30 for a 20 Walmart gift card, with the advantage of physical card mailing.Conclusion
Each gift card reselling platform has its strengths and weaknesses, and the choice ultimately depends on the type of gift card you have, the risk you are willing to take, and the speed of payout you desire. Whether you choose eBay, CardCash, Raise, or Clip Kard, ensuring thorough research and understanding of the platform's policies and terms is crucial to successful reselling.