The demand for buying, selling and trading of gift cards is now on increase as businesses offer gift cards. Now, you find gift cards at fast food restaurants. Many people have been able to save hundreds of dollars by combing the internet for used gift cards that can be bought, sold and traded online at low prices. Consumer Reports states that an estimated $8 billion ingift card balances ends up being unused each year due to forgotten, lost or unwanted cards. If you have a gift card that you are unable to use because a store near you closed or you got it from a merchant where you do not shop, consider exchanging the card.
Purchasing an already owned gift card is anticipated to be one of the most popular presents nowadays, generating around twenty billion of dollars in sales during the holidays every year. Sixty billion dollars is anticipated to be spent on store brand specific cards in the coming years.
However, a rarely known fact is that approximately 10% of the dollars on all those sold cards actually goes unspent. As a result, many sellers have suddenly sprung up online creating a little known secondary market for these popular items.
You can trade gift cards online through a number of gift cards exchange websites. These exchange websites will purchase your unwanted card for a certain fraction of the card balance and offer you payments in cash or check.
There are lots of fraudulent companies out there. This is why CardKangaroo is being recommended for the trading of your gift cards. CardKangaroo is a reputable gift cardexchange website. It is an easy way for you to buy, sell or even trade pre-owned gift cards. CardKangaroo also allows the customer to buy gift cards at up to a 35% discount to their favorite retail stores and restaurants. Everyone has that unwanted gift card in his or her purse or wallet that may never be used. Why not turn it into cash or trade it for one that you can use?
If you received a gift card to a merchant that you will not be able to use, for instance, you got a $30 Staples gift card, and you do not plan buying anything at Staples, fill out a form on CardKangaroo website, indicating that you want to sell a $30 Staples gift card. You will be given a quote of how much you will get for it. Once you accept the offer and confirm the order. You will mail the gift card and a check will be sent to you. Only gift cards that have no expiration date can be sold.