Do you need to make money quickly?
One option is to sell your Amazon gift card balance. There are plenty of buyers for your unwanted gift cards as Amazon sells many things.
It’s possible to sell unused or partially used gift cards online and locally.
How to Sell Your Amazon Gift Card
As long as the gift card balance is accurate, buyers are willing to buy gift cards using a variety of methods.
BuyBackWorld buys unwanted gift cards and old electronics. You can enter your gift card balance and receive an instant price quote.
Your payment options include:
- Direct deposit
- Prepaid debit card
- Store credit
Choosing the BuyBackWorld store credit lets you get a 5% redemption bonus. You might choose this option if you want to buy used cell phones or other electronics.
Discounted gift card marketplaces like Raise are a great place to sell your unwanted Amazon gift cards because of the seller protection benefits.
You can sell digital gift cards for Amazon and almost any other store or restaurant. All you need to do is enter the gift card serial number and Raise will verify the remaining balance before the listing goes live.
It’s possible to sell Amazon gift cards for face value, minus seller fees. However, Raise only lets select sellers sell Amazon gift cards but any seller can sell other gift card brands.
When you make a sale, it’s free to list your gift cards but Raise keeps 15% of the selling price. This fee is competitive with other marketplaces.
Your payment options include:
- Direct deposit
3. Sell on Reddit
Reddit is a popular social media platform with a Gift Card Exchange subreddit (thread).
You can post that you have an Amazon gift card and its current balance. Then, you list what you’re willing to trade it for.
Your payment options include the following:
- Cash (PayPal, Cash App, Venmo, etc.)
- Gift cards
You may also see others requesting an Amazon card and see what they’re willing to pay.
It’s free to sell gift cards on Reddit but you will need to follow the community guidelines. Gift card balances larger than $250 require moderator approval.
As an added layer of security, you can also request the subreddit moderators to perform a background check on a prospective buyer too.
There isn’t any seller protection and Reddit is riskier than using a gift card marketplace.
4. Trade on Reddit
The Reddit Barter subreddit allows you to trade Amazon gift cards for other tangible items and services. You may also see other people in need of your gift card if you’re willing to accept their item.
Trading allows you to avoid PayPal processing fees you can experience with the gift card exchange subreddit.
Be sure to read the subreddit rules in the sidebar before listing your gift cards. For example, you might be able to barter a gift card for video games or other services like graphic design.
You can also sell gift cards locally on Craigslist. Be prepared to verify the balance of the gift card when you meet with the buyer.
Most likely, the balance can be verified using your smartphone or meeting at a public Wi-Fi hotspot if you need to use a computer or tablet.
While you might invest some time and money to commute to the meeting location, you will receive cash and do not have to worry about any transaction fees that you will encounter with online sales.
As always, you can also trade your gift card for actual merchandise too.
The Facebook Marketplace is another potential sweet spot to sell your unwanted Amazon cards. The social media platform can be more popular than Craigslist in your city.
It’s free to list your gift cards and buyers can pay with cash or by debit card.
You don’t pay a transaction fee if you accept debit card payments.
Try listing your cards on the Facebook Marktplace and also local buy and sell groups. Be sure to read the group guidelines to ensure you can sell gift cards.
You can try other Craigslist alternatives to advertise your gift cards as well.
7. Sell on eBay
Another option is to sell your cards on eBay. This is one of the few ways you can actually sell your card for more than retail price as international buyers take advantage of gift card exchange rates to buy “cheap” Amazon cards in U.S. dollars.
This type of currency arbitrage allows you to recoup the seller fees and profit.
For example, a recent $10 card balance was selling for $12.50 after five bids with four days remaining. Another seller was selling a $500 card for $535.
Selling fees are 10% of the final sales price plus shipping fees. The total fees can be lower than a gift card marketplace but you have fewer seller protection benefits.
Advice to avoid buyer scams:
- NEVER email the gift card number to the buyer
- Only ship the card to PayPal verified addresses
- Consider only selling to buyers with prior positive feedback
In the past, novice sellers have only emailed the code to the buyer and not mailed the card. The buyer will immediately redeem the card balance and file a complaint.
If eBay or PayPal rules against you, then you must issue a refund and lose the gift card.
Just exercise some common sense when selling online through a non-gift card marketplace like CardCash or Raise that offers more seller protection benefits. Doing so can mean you earn a higher profit.
8. Sell on OfferUp
OfferUp lets you sell to local buyers or mail your sold items to distant buyers.
Local sales are free but sellers pay a service fee on items requiring shipping. The service fee is either $1.99 or 12.9% of the sales price, whichever is higher.
9. Ask Amazon
You can try asking Amazon for a refund if you purchased Amazon gift cards or digital gift codes. A refund isn’t guaranteed but it’s worth asking if you have a few spare minutes.
10. Flip Items Purchased on Amazon
Are you an entrepreneur that relishes the idea of thinking outside the box?
Selling items for a profit that you purchased with your Amazon gift card is a prime example of making money with retail arbitrage.
There is an extra step or two involved to make money, but it can be an enjoyable experience and more profitable than selling it for a discount online.
Plus, if you are an Amazon Prime member or own an Amazon credit card, you can earn cash rewards that can maximize your profit even more.
11. Regift the Card to Family and Friends
The old adage, “A penny saved is a penny earned” still rings true today. Using our forefathers’ wisdom, give the gift card to your family member or friend as a gift.
If you planned on spending the same amount of money regardless, you indirectly profit if you received it as a gift.
Most likely, your friend will be none the wiser that they received an unwanted gift card.
Since Amazon gift cards can be redeemed for thousands of digital and physical products, they should have no problem spending it.
You won’t be able to transfer a current Amazon.com balance to another person. Make sure you don’t redeem the gift code so you can regift the balance.
If you don’t want to give a gift card, you can buy the gift at Amazon after redeeming your card balance.
12. Buy For Non-Amazon Prime Friends
If you received your card as a gift, you basically have free money sitting in your wallet.
Your friends and family might not be Prime members and occasionally want to buy exclusive Prime items, but don’t shop Amazon enough to justify the $99 annual membership fee for Prime.
You can buy the product and have them reimburse you for the purchase. They get their goods and you swap your card balance for cash.
This can also be a good option if you feel re-gifting is a bad idea.
13. Use Amazon Pay
Amazon gift cards can also be redeemed at other online merchants. With Amazon Pay, you might be able to shop at an online store you routinely visit and pay with Amazon cash.
This saves the hassle of trading gift cards and potentially losing a few dollars in the process because of trade fees.
Amazon Pay is free to use and new merchants are being added all the time.
14. Buy Groceries at Amazon
Amazon sells everything including groceries that are delivered to your front door.
It’s possible to order these grocery items:
- Household items
You may need to be a Prime member or live near Whole Foods to order fresh produce and cold items.
15. Sell or Trade to Your Friends
Another local option is to sell or trade your card to a person you know:
- Family member
Since you already know each other, you might be able to get a better deal than dealing with a stranger.
Once again, Amazon gift cards are akin to “plastic gold” so it should be relatively easy to sell or make a trade.
16. Sell Them for Bitcoin on Purse
Purse is a Bitcoin marketplace that lets you receive payment in Bitcoin. Shoppers on Purse create an Amazon wish list of items they want to purchase.
You redeem your gift card so they can purchase their item and you get paid in Bitcoin.
You can earn a larger profit than simply selling your card for cash as you make money shopping.
17. Exchange It for Cryptocurrency
If you have ever traveled overseas, you have most likely seen the currency exchange booths in the airport terminals. Paybis is an online version of that for crypto currencies.
You enter the balance of your Amazon gift cards and Paybis will instantly quote the exchange rate for Bitcoin or other digital wallets including PayPal and Skrill.
If you accept the quote, your gift card is instantly sold and the payment process will be initiated into your payment account.
There is a 24-hour holding period for new customers. At this time, only physical U.S. issued gift cards are accepted.
18. Have a Raffle
If you are a business owner or trying to raise money for charity, you can raffle your Amazon gift card. You might not directly profit from this option, but, it can be a unique way to “pay it forward” as part of a charity raffle.
Bloggers and website owners can partner with Rafflecopter to give away an Amazon gift card. Contestants can receive entries by joining your email list, sharing posts on social media, or commenting on specific blog posts.
There might not be an entry fee, but, raffles tend to attract new visitors that can generate income for your blog.
It only takes three minutes to create a giveaway and you have the opportunity to attract long-term subscribers. That sounds like a pretty good opportunity.
19. Donate Your Unused Gift Cards
It’s also possible to donate your unused gift cards to charitable organizations. You can look for a local charity that buys food or essential items at Amazon.
Another option is buying items with your gift card and donating them. Examples can include canned food or baby diapers.
If a charity will write you a receipt for the donation, you can claim it as a charitable contribution at tax time.
Some charitable gift card websites like Gift Cards 4 Change will accept gift card donations.
This might not be the most lucrative option. However, it helps a good cause and gives the funds to someone that needs the money more than you do.
Gameflip will let you sell Amazon gift cards and egift cards on its online marketplace. You just list it for sale (it’s free to do this) and wait for an offer.
Gameflip takes a small fee from you after your card is sold. However, their site doesn’t say what that fee is without you starting the selling process.
If you sell your gift cards for cash, your proceeds will get deposited to your Gameflip wallet. From there, you can request payout via PayPal or direct deposited into your bank account.
Bonus: You may be able to earn a bit more from your Amazon gift card by choosing to use the sale proceeds to buy from Gameflip.
21. GC Spread
You can sell your gift card on Gift Card Spread after entering your card balance and seeing the buyback price.
Most payments are sent by paper check within 10 days of receiving your card or gift code details.
22. Barter for Services
You may also decide to barter your Amazon balance for homeowner activities.
Some examples include:
- Dog walking
- House sitting
- Pet sitting
- Mowing your lawn
- Yard work
For example, you can pay your teenage neighbor to complete these micro-tasks. Not having to do the work yourself can be more valuable than selling your card for cash.
23. Buy Items You Need
If you’re not happy with the selling price or trading options, you can keep the card and buy items your need.
Amazon sells almost everything and while their prices are not always the lowest, you get to spend free money and save money in the long run.
Some items you might buy include:
- Baby diapers
- Bandages and first aid supplies
- Canned food
- Christmas gifts
It’s really easy to sell or trade your Amazon gift cards. Since there is a steady demand from buyers, you can sell your unwanted gift cards for the lowest trade fees and even make a profit.
Both you and the buyer win and you get to walk away with some extra cash in your wallet.
How do you plan on selling your unwanted gift cards? Are you going to sell them online or locally? Leave a comment and let us know your plan.