Gift Card Cash-Out is a point of sale feature that allows you to issue a guest the remainder of their gift card balance in cash when the value falls below a state mandated threshold. This feature is in limited release with select customers. 문화상품권매입
You can also sell your Visa cards on websites like PayPal or Venmo. This can be a good option as it broadens your buyer pool.
Bank On
A gift card cash-out feature allows retailers to offer shoppers a way to turn their low balance gift cards into a usable form of payment. This is important in scenarios where a locale’s regulations require restaurants to provide guests with cash tender when a gift card balance falls below a certain threshold.
Gift card cash-outs can be done through several methods, each with their own set of pros and cons. Some options like direct deposit and money transfer platforms might come with fees, so it’s always a good idea to consult with your gift card provider or bank for more details.
Depending on the method you choose, it might take a little while for your money to show up in your bank account. This is why transferring your gift cards through a service like Venmo or Square Cash might be a better option. Just be sure to check the service’s reputation and ensure that your transaction is secure by checking for a padlock symbol in the URL bar of the site.
Sell Your Gift Cards
If you end up with a gift card to a restaurant or store that you’re not interested in, don’t let it go to waste. There are plenty of websites that will buy your unwanted gift cards for a small percentage of their monetary value.
You can also try to sell them to friends and family members who may be interested in using them. For example, if you have a Home Depot gift card and you don’t use tools much, a friend who likes to do home improvement projects might be willing to buy it from you for cash.
For businesses, offering a gift card program is a great way to attract new customers and encourage repeat business. Choosing a reputable gift card company or suite to manage the process can help ensure secure transactions and reliable customer support. Having a system in place to record and track gift card sales and redemptions is also important.
Convert Your Gift Cards to Cash
It’s not always feasible to turn gift cards into cash. Maybe you don’t want to shop at the store your card is for, or you need to buy something else with the money. That’s when you may be better off converting your card into another type of currency that you can use for anything, such as a money order or an Amazon Gift Card.
A website like CardCash allows you to exchange gift cards for other gift cards and receive the total value in cash, or to add the amount to your PayPal balance. Other resale sites let you sell your card for close to face value, including Cardpool, Raise and Giftcard Zen.
You can also use an open digital marketplace such as the Facebook Marketplace or Craigslist to sell your gift cards for cash. Alternatively, you could put the money toward a long-term investment, such as stocks or mutual funds. This is one of the best ways to use a gift card that you don’t intend to spend, and it can yield a much larger sum over time than sitting in your drawer collecting dust.
Get Paid
There are a few ways to get cash out of gift cards. One is to sell them online for a little less than their face value. Another is to cash them in at stores and restaurants that offer that service. Some states even have laws requiring stores and restaurants to give cash back when the balance falls below a certain amount.
If you want to sell a card on a website, there are many sites like Card Swap that let you plug in the details of your card and receive offers. The site says they usually pay between 80% and 90% of the card’s value.
You can also use services like MoneyGram to transfer the funds from a gift card to your bank account. This method is not as fast, but it is easy and straightforward. You just need to know where to find these services and how to use them. They are available at post offices, grocery and department stores, banks, and some online retailers.