How To Convert Gift Cards To Cash or Sell Gift Cards For Money

Different Stores Have Different Policies

When you have unused gift cards, the first step is to check with the store that issued the gift card about their policy on redeeming the remaining balance for cash. Policies can vary between stores. Some stores may allow you to redeem the full remaining balance for cash, while others only allow using the balance to make purchases in their store. It’s important to contact the specific store directly to understand your options.

Using The Balance Towards A Purchase And Getting A Partial Cash Refund

If the store does not allow redeeming the gift card balance directly for cash, one option is to purchase an item that is more expensive than the gift card balance. Pay the difference in cash, and then return the item a few days later to get a cash refund for the full purchase price. However, some stores may catch on to this tactic and only provide store credit instead of cash for the refund. Proceed with caution if trying this approach.

Selling Gift Cards Online For Cash

Another option is to sell your unused gift cards online to a third party in exchange for cash or cryptocurrency. Websites like Card Cash Magic [https://www.cardcashmagic.com] are gift card exchange marketplaces that buy gift cards from individuals and pay out via common payment methods. On their website, you can fill out a form providing details of the gift card you want to sell such as the brand, remaining balance and contact details. They will review your submission and provide a cash offer within 30 minutes typically via PayPal, Zelle, Cash App or bank transfer. Once you accept the offer, you ship them a photo of the gift card and they instantly deposit the funds to your selected payment method - allowing you to convert the gift card to cash quickly and easily.

Reviews From Previous Gift Card Sellers

Looking at reviews online can help evaluate the legitimacy and trustworthiness of a gift card exchange service before selling your cards. Card Cash Magic for example has many positive testimonials from previous customers: “I cashed in some old gift cards I had laying around. They paid significantly higher than all other buyers had quoted me. My cards were verified within minutes of submitting them and cash deposited in my PayPal account! I will recommend and sell again!” - Chatty Adams from Texas “Highly recommended. I sold a $200 Apple gift card and got $175. It is a good price. The process is really fast and easy. thank you.” - Tom Harvy from Michigan Reading real reviews can provide peace of mind that a site will follow through and pay you promptly for your gift cards as advertised.

Comparing Offers From Multiple Buyers

When exploring the option of selling gift cards online, it’s a good idea to get competing offers from several buyers to maximize the amount you receive. Different buyers may offer different prices depending on several factors like the gift card brand, remaining balance, and market demand. Use a site like Card Cash Magic to get an initial quote, but also check competing sites like Gift Card Granny and Raise to compare offers. Selling to the buyer offering the highest percentage of the gift card’s value will maximize your payout. Be sure to factor in any fees charged by the site too.

Important Factors To Consider

No matter which route you choose to convert a gift card balance to cash - whether interacting directly with the issuing store, returning a purchase for cash, or selling it online - there are some important factors to weigh:

• Store policies on redeeming balances for cash can vary significantly
• Multi-step methods like buy-and-return carry added risk of issues
• Selling online is usually fastest but involves shipping cards and waiting for payment transfer
• Always get competing offers to maximize the cash value received Doing your research upfront will help choose the best approach based on the specific gift card and amounts involved to convert the balance to cash efficiently.

  How To Contact Card Cash Magic To Sell Gift Cards

  Contacting Card Cash Magic Directly

  Once you’ve decided Card Cash Magic looks like a trustworthy option after reviewing their site and third party reviews, you’ll need to contact them directly to initiate the gift card sales process. Their contact details are clearly listed on the website:

• Phone: 845-209-3793
• WhatsApp chat
• Online contact form Contacting via phone during regular business hours is usually the fastest way to get help from a live representative. You can also message them on WhatsApp if calling isn’t convenient. Alternatively, filling out the online contact form with your details and card information works too. A rep will respond via your preferred contact method within an hour typically.

  Providing Gift Card Details To Get An Offer

  When you first connect with a Card Cash Magic rep, be ready to provide important details about the gift card(s) you want to sell:

• Brand (eg. Amazon, Starbucks, iTunes etc.)
• Remaining balance amount
• Card numbers or receipt/codes if it’s an e-gift card
• Purchase/expiration date if available Armed with this key info, the rep can check current market values and will make you a cash offer within minutes for your specific card(s). The quoted price considers factors like demand, current exchange rates and their profit margin. This allows you to know upfront how much cash you’ll receive.

  Accepting The Offer And Completing The Sale

  If you’re satisfied with their offer price after considering alternatives, simply inform the rep verbally or via chat that you accept. They’ll then guide you through uploading a photo of the physical card or e-codes for verification. Once successfully validated, Card Cash Magic efficiently deposits the cash payment to your selected withdrawal method (PayPal, Cash App etc.) within 30-60 minutes. And just like that, your gift card is converted to real spendable cash! In summary, Card Cash Magic strives to streamline the gift card sales process from start to completing the transaction. Contact them today to turn those unwanted gift cards into cash easily and reliably.

  Factors Affecting Card Cash Magic Gift Card Buying Prices

  Current Market Demand

  Like any commodity, gift card resale values fluctuate based partly on supply and demand forces. When a particular retailer or card brand is more in-demand, buyers like Card Cash Magic can pay a higher percentage of face value. Less popular brands may only fetch 80-90% of the balance. So the same $50 card could fetch you $45 from one buyer but only $40 from another.

  Seller Reputation And History

  Established online marketplace buyers like Card Cash Magic also factor a seller’s reputation and previous transactions into offer pricing. New users may get slightly lower quotes until they’ve completed a number of smooth sales and developed a positive profile. But established power-sellers who consistently provide authentic cards can gradually receive premium pricing.

  Seasonal Demand Patterns

  Retail “shopping seasons” like the winter holidays bring increased demand for certain gift cards too. While rates remain competitive year-round, you may get quoted 1-2% more around November through January when buyers forecast higher redemption rates. Likewise, restaurant cards see a boost around Valentine’s Day. It pays to time your sales strategically when possible.

  Payment Processing Fees

  The payout method you choose like PayPal, bank transfer or Bitcoin also affects the net cash received marginally since buyers deduct any costs they incur from payout providers. Generally cheaper options like Zelle transfers allow buyers to offer the best rates. Opt for low-cost withdrawals when max price is a priority.

  Unused Card Balances

  As with anything, lower denominations usually fetch lesser rates percentage-wise. A $50 balance leftovers will convert at a higher rate than trying to sell multiple $5 cards. Card Cash Magic is usually most accommodating of bigger ticket, unused full balances in high demand. In the end, getting quotes from multiple respected buyers ensures you capitalize gift cards at their best available current market value. Due diligence serves sellers well in this fluid resale marketplace.