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geekhack Community => Off Topic => Topic started by: Poostar on Fri, 26 December 2014, 11:13:40

Title: How to sell a giftcard
Post by: Poostar on Fri, 26 December 2014, 11:13:40
Lets start by saying i got a couple gift cards from family but most are them are to places i do not ever shop. Anyone ever used any website that will buy them off me for Paypal funds? Just wondering how safe of an idea this is or should i just go spend them on stuff i do not need instead?
Title: Re: How to sell a giftcard
Post by: inanis on Fri, 26 December 2014, 11:26:09
Ebay usually is a good option. I think there are some limits on what you can list, but you are likely to get the best amount selling it yourself. Most Gift Card buying shops will only offer you around 50-60% of the value. For "Tier 1" stores (Walmart, Target, big national chains, etc) I think that top value is 70%. For those Tier 1 stores on Ebay you can get 100%+. You may find some success listing them on CraigList as well.
Title: Re: How to sell a giftcard
Post by: hwood34 on Fri, 26 December 2014, 12:17:20
You could also try and list them here to avoid fees
Title: Re: How to sell a giftcard
Post by: iMav on Fri, 26 December 2014, 12:25:26
Are they for walmart?  (my kids got a bunch of walmart gift cards)
Title: Re: How to sell a giftcard
Post by: Poostar on Fri, 26 December 2014, 15:04:48
2 for best buy equaling 75$ and one 25$ card for malco movie theaters is what i got
Title: Re: How to sell a giftcard
Post by: tp4tissue on Fri, 26 December 2014, 15:43:48
Quote from: Poostar on Fri, 26 December 2014, 15:04:48
2 for best buy equaling 75$ and one 25$ card for malco movie theaters is what i got

you never shop at best buy ? wtf..
Title: Re: How to sell a giftcard
Post by: demik on Fri, 26 December 2014, 20:02:48
check your local laws. iirc here in cali you can turn them in for cash.

also coinstar will exchange them for cash for what im guessing is a "small" fee.
Title: Re: How to sell a giftcard
Post by: Evo_Spec on Fri, 26 December 2014, 23:53:43
Quote from: tp4tissue on Fri, 26 December 2014, 15:43:48
Quote from: Poostar on Fri, 26 December 2014, 15:04:48
2 for best buy equaling 75$ and one 25$ card for malco movie theaters is what i got

you never shop at best buy ? wtf..

When i was in Canada i never did, when i got a gift card from my work i had to really look hard for something to buy.
Title: Re: How to sell a giftcard
Post by: Poostar on Sat, 27 December 2014, 10:22:31
Quote from: tp4tissue on Fri, 26 December 2014, 15:43:48
Quote from: Poostar on Fri, 26 December 2014, 15:04:48
2 for best buy equaling 75$ and one 25$ card for malco movie theaters is what i got

you never shop at best buy ? wtf..

Sure i shop at best buy but only for things i am to impatient to wait on. In this case i am in no rush and realize i will most likely spend more in taxes in store (9.25% AR state tax) then i will lose by selling it online. Newegg warehouse is only 3 hours from me so my packages show up very promptly without a shipping cost or taxes. Either way i have way more options with funds in a paypal account then if i forced myself to buy somthing in store. Going the ebay route to sell these