What’s the best way to exchange gift cards for cash? If you are reading this, then this question must have crossed your mind. 

Whether it is your birthday, anniversary, or any occasion, it is likely that you would be gifted a gift card from well-wishers. The problem with getting gift cards is that even though the intention was good, you might not find them useful. 

Instead of tossing it into the trash or letting it rust away in your wardrobe, you can exchange your gift card for cash. 

In this article, I’ll show you some of the best ways to exchange gift cards with cash. 

What is a gift card?

A gift card also known as a gift voucher or gift token is a stored-value money card according to Wikipedia.

It is used as an alternative to cash when purchasing within a particular store or business. So, instead of paying cash when purchasing an item from a particular store, you can use a gift card. 

However, we have established that you might not be able to use every gift card that you are given. Hence, exchanging them for cash is better than letting them rust away. 

Here are some ways to exchange gift cards for cash. 

Best ways to exchange gift cards for cash

1. Sell your gift cards online 

One of the best ways to exchange your gift cards for cash is to sell your gift cards online. There are many websites today that allow you to list any type of gift card on their website for potential buyers. 

The best part is that you can list your gift cards on these websites for free. Some of the websites that allow you to sell your gift cards include

Grip.ng

You can enjoy fast and secured transactions with Grip.ng. This website allows you to sell any type of gift card on their website from across the globe. 

Grip.ng also lets you sell at the best rate and you can get your cash easily. The best part is that you can carry out your transaction either on your laptop or using your mobile phone. 

The Grip mobile app is available on all devices. Download it and start trading your gift cards. 

Another interesting feature of Grip is the rate calculator. 

With the rate calculator, you can calculate the worth of your gift card before listing it on the website. This will help you know the value of your gift card so you would not accept anything lesser. 

All you have to do is 

• Tap on Rates and you will be directed to the Giftcard Rate Calculator
• Enter the type of gift card that you want to sell (e.g Amazon gift card or Apple store card)
• Select the country
• Enter the gift card type (e.g physical card or e-card)
• Enter the amount loaded on the gift card
• Click Compute Rates

2. Sell to a friend

Perhaps you don’t feel safe with the online transaction thing, you can sell your gift cards to a friend in exchange for cash. 

This is probably the safest and best way to exchange gift cards for cash. Ask your friends if they are willing to buy your unwanted gift card. It’s that simple. 

You should also consider your friends on social media since social media is a great way to build relationships and make new friends.

Ask friends on your social media pages if they are willing to buy your gift card. 

3. List gift cards on e-commerce websites 

The final way to exchange your gift cards for money is to list your gift card on e-commerce websites. 

This way is quite different from selling to a gift card website because an e-commerce website is a marketplace for all types of products. 

Listing your gift cards on e-commerce websites might not be the safest but it is a good way to exchange gift cards for cash. This is because anyone can pose as a buyer on e-commerce websites. 

Also, you cannot get good rates on e-commerce websites. You need to sell your gift card for a lower price. 

But if these are no problem for you, then it is a good way to exchange your gift cards for cash. 

Some e-commerce websites where you can list your gift cards are eBay and Craigslist. 

Conclusion

The best way to redeem your gift card to cash is by selling it on grip.ng at the best rate, retaining up to 95% value of your card!