How To Sell Gift Cards And Make Extra Cash
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This post is sponsored in collaboration with Cardyard
New ideas for making extra cash are always welcome here at Savvy in Somerset – whether it’s to buy Christmas presents, to put towards a summer holiday or to pay off a credit card bill, most people can find a use for a few extra pounds. And those few extra pounds could already be lurking in your purse or wallet, unused, unloved and forgotten about.
Here’s how to sell gift cards and make some extra cash.
The U.K. gift card industry is worth a staggering £6 billion and many of us receive them throughout the year, for birthdays, Christmas and even as a bonus from work. However, more often than not these gift cards end up being forgotten about as we can’t spend them as easily as we would spend cash.
Can You Sell Unwanted Giftcards?
In fact, if we don’t spend gift cards within the first two weeks of receiving them we often don’t end up spending them at all, even though most come with a two-year use by date.
As many as one in six people have lost out by not spending their gift cards in time, myself included – I recently found a Debenhams gift card I’d been saving to spend in the sales had expired. I was gutted!
With up to 44% of the population having as much as £65 worth of gift vouchers in their purse or wallet at any given time, that’s a huge amount of money going to waste – somewhere in the region of £1.43billion.
That money, for most people, could be put to much better use. They could instead sell those gift cards for cash.
Why don’t people spend their gift cards?
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Unwanted gifts – People often give gift cards as an alternative to cash. However, the recipient may not always shop at or live near the store they have been given a gift card for.
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Some companies pay bonuses in gift cards – again the recipient doesn’t get to choose where the gift card is for so may have no use for it.
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As we can’t spend gift cards like we would cash they often get forgotten about and then expire.
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Waiting for a sale or a special shopping trip that never happens (this is me!)
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Unwanted competition wins – often runners-up prizes are gift cards.
This is where Cardyard.co.uk comes in. They will buy your unwanted and unloved gift cards and pay you in cold hard cash.
It sounds too good to be true – is there a catch?
There’s no catch in selling your un, however, you won’t get the full face value of your gift card. Cardyard charges a small admin fee as they then go on to sell your gift card at a slightly discounted rate. So, you’ll get a little less cash than there is on your gift card.
If you’re unlikely to spend your gift card selling it to Cardyard is the best option and a great way to use your gift card make some quick cash before it expires. That money could be used to pay bills, pay off a credit card or even be used towards a holiday or day out.
EXAMPLE: Grandma gives you a £20 Next gift card for Christmas. However, the clothes in Next just aren’t your style – you much prefer to shop vintage. Cardyard will buy your gift card from you for £16.20. You now have £16.20 CASH to spend on anything you want. KERCHING!
Of course, that’s just a quick example and the actual rates you get will vary. You’ll also get more for your unwanted gift card if you choose to buy another gift card from Cardyard by selecting onsite credit during the selling process.
Why Choose Cardyard to Sell Unwanted Gift Cards?
There are lots of reasons Cardyard is the best place to sell your unwanted gift cards for cash.
- Cardyard is the only U.K based gift card exchange.
- British about customer service – if you have any issues you’ll speak directly with Cardyard in Exeter, U.K.
- Rating of 4.8 out of 5 on Reviews.co.uk
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You could, of course, try to sell your gift card on eBay, but even eBay advise against it as they cannot guarantee a smooth transaction. Unlike eBay/gumtree you deal with Cardyard and don’t have to worry about individual buyers. So no shenanigans – you get the price you are offered.
How To Sell Gift Cards to Cardyard For Cash
It’s easy to sell unwanted gift cards for cash using Cardyard and you’ll be able to see how much you’ll get before committing. The process is a little easier if you sign up for an account with them before starting the selling process – you can do that here.
1 Round Up Your Unwanted Gift Cards
First of all, you’ll need to fill in what type of gift card you want to sell for cash and how much there is to spend on it. You’ll also need to choose whether it’s a physical gift card or an e-gift card (if you’re unsure which you have then see the FAQ’s on Cardyards website here.)
2. Fill in Your Details
If you’ve already registered with Cardyard and are signed in to your account this will already be filled in for you.
3. Choose your payment method
As mentioned before if you choose Cardyard Credit you’ll get 5% more than what you’ll be offered selling your unwanted gift cards for cash. You can also choose to have payment made to your Paypal account instead of your bank account.
4. Send Your Unwanted Gift Cards To Cardyard To Be Processed
You’ll want to do this ASAP so they can send the cash for your unwanted gift cards as quickly as possible.
Make sure you include the seven-digit code given to you by Cardyard and include your return address so the unwanted gift cards can be returned to you if necessary.
Cardyard will also send you an envelope to post the gift cards in if you would prefer.
5. Get Paid!
Physical gift cards that have the PIN not revealed, will be paid 7 working days after the gift card has been received by Cardyard HQ.
eGift cards (including eVouchers, eCodes), iTunes, Amazon, ASOS, Spotify and physical gift cards that have the PIN revealed, will be paid 2 weeks after Cardyard has sold them. Cardyard has assured me that most of these sell within a day.
Amazon vouchers, for example, often sell within 20 minutes of going live.
And that’s it. Exchanging your unwanted gift cards for cash with Cardyard couldn’t be easier.
This is a great way of exchanging gifts cards received for Christmas for cash to purchase something you want to buy