The holiday madness is over (for now), and while many are enjoying their new gifts and gadgets, many presents will go unused, especially unwanted gift cards. From iTunes to Walmart, about a $1 billion in gift cards go unredeemed every year. However, developers have found a solution to take this already expended cash and turn it into a multi-million-dollar industry that puts money back into the pockets of consumers. Gift card online marketplaces and mobile apps, such as Raise.com and Cardpool, are changing the gift card game, allowing users to sell, exchange, or buy discounted gift cards.
Cardpool
Currently at the top of the gift card reseller food chain is Cardpool. Accessible online and on Android and iPhone, Cardpool will purchase your unwanted gift cards, both physical and electronic, for up to 92 percent of its original face value. Users only need to enter the card’s balance for the 92 percent cash back fund, or they may choose their own payout. Cardpool also allows users to exchange their gift cards for an Amazon eGift card or regular check, delivered via USPS with no additional shipping costs. Presently, Cardpool is not able to reimburse users via Paypal or direct deposit, but they can offer immediate payment via their various physical locations. Simply use Cardpool’s app or online site to find a Cardpool reseller location near you. Another additional plus is Cardpool users can save up to 35 percent on gift cards purchased through the site. With over 3000 brands at the website’s disposal, Cardpool is the top choice amongst consumers.
Raise
Another golden- rated gift card exchange company, Raise offers tons of gift cards from thousands of brands while also allowing the user to track the best prices on any of their cards. Like other gift card resellers, Raise.com assures users a 100-day guarantee to purchasers. As a further precaution against credit fraud, the site asks users to create their own unique four-digit PINs in order to protect personal information during transactions, such as redeeming newly purchased gift cards. There’s also a rewards system, in which users can earn 5 dollars, transferred to their Raise account, for referring friends to join Raise.com. For every friend who makes a purchase within the first 30 days of joining, the user earns an additional 5 dollars. Rated number two out of the top 27 money saving mobile apps on Buzzfeed.com, this gift card exchange retailer is sure to magnify your dollar.
CardCash
CardCash has multiple benefits that set it apart from other gift card traders. Subject to Comodo’s HackerProof Vulnerability Scanning Service as part of the site’s 45-day guarantee policy, CardCash is highly protected and reliable, ensuring customers are not engaging in unsafe or anonymous online transactions. The site has no minimum or maximum exchange amount, and does not regulate balances, meaning partially used cards or cards with balances as low as $1 are eligible for resale. Moreover, CardCash can transfer money directly into its users’ bank account via Paypal or ACH. CardCash’s other payment options include Bitcoin, card exchanges, or Amazon gift cards.
Featured Image by LaniElderts on Flickr
Attribution-NoDerivs 2.0 Generic (CC BY-ND 2.0)
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