Gift Card Exchange Review

Why Use a Gift Card Exchange Service?

It’s happened to everybody, it’s the gift giving time of year and you receive that gift card from your aunt to a restaurant where you know you will never eat. Or your dad gives you a gift card to the record shop down the road even though you haven’t bought a physical CD in five years. Gift card exchange services allow you to sell your gift cards online or trade them for another gift card you will be more likely to use. Gift card exchange companies make this process simple, quick and convenient, so you can sell the gift card that would otherwise take up permanent real estate inside of your wallet.

We've compared the best gift card exchange sites to help you get cash for those unwanted gift cards. The best gift card exchange services we found are Cardpool, Raise and Card Hub. We've also written some articles on gift cards that will help throughout the gift giving season.

When you are selling or trading your unused gift card through a gift card exchange service, all you will need to do is enter the gift card information on the website – including the merchant, the card number and the amount – and the service will give you an offer. The best gift card exchange services will offer you up to 92% of the original value of the card. If you choose to accept the offer, you will usually need to mail your gift card to the company to be reimbursed. This process can take a few days. For convenience, some companies allow to sell or exchange your gift card electronically, which turns your reimbursement time from days to hours.

Gift Card Exchange: What to Look For

For the most part, gift card exchange sites offer very similar services – they will buy, sell or exchange your unwanted gift cards. These companies also allow you to purchase discounted gift cards from them, which will come in handy when it's time for you to play the gift giver. The best gift card services have cheap gift card deals and, best of all, these services can save you the most money. Through our research, we found that the best gift card exchange sites offer plenty of options for buying and selling, have convenient features and boast a wide gift card selection. The website's ease of use and a company's help and support are also significant factors.

Buying & Selling
We tested each gift card company by selling a $50 Walmart gift card to each gift card exchange service. We chose to use a Walmart gift card to get as close to the maximum payout percentage as listed on most service’s websites. This value experiment helps determine which company really pays top dollar for your gift cards.

When you’re looking to sell gift cards online, the best gift card exchange sites will give you the choice of cash, an Amazon.com gift card or a PayPal payment, or you can choose to trade gift cards for different ones. The best services will let you sell most gift cards and only set a few stipulations. For instance, you won’t get 100 percent of the gift card balance value from any site, but most companies will pay over 90 percent of the balance on the card. Most companies also require that there is a certain minimum balance on the card, which varies from one company to the next. Additionally, most companies will only buy gift cards up to a certain value, which also varies between companies. Gift card exchange services also let you purchase discounted gift cards.

The maximum discount percentage offered by gift card exchange services usually refers to the most discounted card on each company’s site. Not all gift cards will be discounted at the maximum discount percentage. Some companies vary in this region due to fluctuating card inventory, market value of gift card, gift card merchant and the process to which each company buys and sells gift cards.

Features
Features beyond buying, selling and trading gift cards will vary between each company. Many of them include free shipping both ways, which is always a great perk. Other features include volume selling and ways to connect with the company via social media.

Because a gift card exchange company's inventory can and will change often, some services offer email notifications. If you don't see a gift card you are interested in currently in stock, the best gift card exchange companies let you sign up to receive an email when it does become available.

Ease of Use
Most of these companies offer a plethora of gift cards at any one time, so filtering through the inventory could be a nightmare. The best services offer a few different ways to search for the perfect gift card, including by category, merchant, price and discount. This way, you won't have to spend hours searching through the entire inventory.

The website should also be easy to use and navigation should be self-explanatory. You should be able to find your way around the site easily and without frustration. The website sections should be clearly marked and easily discernible.

Help & Support
Making sure the gift card exchange company offers different kinds of contact information for customer service is key to getting help and support in the event there is a problem with the transaction. For instance, the best companies offer a phone number, an email address and an online contact form to contact representatives with any questions or feedback. Additionally, look for a company that also offers a guarantee and publishes its terms and conditions, customer testimonials and frequently asked questions. All this information will give you peace of mind that the transaction is secure.

You now have a solution to all those unwanted and unused gift cards. Next time you get a gift card you know you're not going to use, a gift card exchange service will allow you to exchange gift cards, pick out the perfect gift card or even just get some extra cash to buy whatever your heart desires.

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10-9  Excellent
8-6    Good
5-4    Average
3-2    Poor
1-0    Bad
Cardpool Raise Card Hub Monster Gift Card GiftCardBin Gift Card Monkey CardCash.com GiftCards.com GiftCard Zen ABC Gift Cards
Cardpool Raise Card Hub Monster Gift Card GiftCardBin Gift Card Monkey CardCash.com GiftCards.com GiftCard Zen ABC Gift Cards
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Ratings
9.30
9.13
9.10
8.65
8.38
8.18
8.15
7.98
7.95
7.45
10
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1
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9.75
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7.50
10.00
10.00
10.00
9.00
8.75
10.00
8.75
7.00
8.75
10.00
10.00
9.00
7.50
8.00
8.75
7.50
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8.25
7.00
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3.75
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6.25
8.00
8.75
7.00
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5.00
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8.75
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1.25
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Value Test
Sell Gift Card 45.50 Seller Sets Price Seller Sets Price 42.50 35.50 44.00 45.50 46.00 46.00  
Buying & Selling
Minimum Exchange Amount ($) 25 10 10 10 10 20 None 25 50 None
Maximum Exchange Amount ($) 1,000 None None 200 300 500 None 300 1500 None
Percentage of Card Balance Paid 92 Varies Varies 92 93 Varies 92 92 91 Varies
Maximum Discount Offered (%) 35 Varies 50 40 33 30 35 35 Varies 35
Receive Cash
Receive PayPal Payment  
 
 
Receive Amazon.com Gift Card
     
  
Buying/Selling Fees   15%         
Trading Fees        3%-30%    3%
Features
Buy
Sell
Electronic Gift Card
  
 
 
Email Notifications
Free Shipping
 
Bulk Buyers
 
 
 
Bulk Sellers
 
 
Ease of Use
Search by Merchant
 
Search by Category
  
  
General Search Function
 
 
Search by Price  
 
  
Search by Discount  
 
    
Help & Support
FAQs
  
Phone  
 
Terms & Conditions
Online Contact Form
 
Email
 
  
 
Guarantee