PROS / You can sell gift cards with expiration dates to GiftCardBin.
CONS / The service does not buy or sell electronic gift cards.
VERDICT / With GiftCardBin, you can both buy and sell physical gift cards with few restrictions and no additional fees.
Editor's Note: According to GiftCardBin, the company has made several updates to its website, including the addition of an email address, a search by discount and search by price feature as well as the option to now purchase electronic gift cards. We will evaluate, rank and review these new features when we next update our Gift Card Exchange reviews.
GiftCardBin is a standard gift card exchange service that buys and sells gift cards. If you are uncertain about how to exchange gift cards, you will be pleased to see this site has few restrictions on the gift cards it purchases from you. It does, however, have a minimum exchange amount of $10 and a maximum of $300, but the service does not charge any additional fees, and it even accepts gift cards with expiration dates. You can find cards on its site discounted as much as 33 percent.
The exchange service will buy a gift card from you for up to 93 percent of its original value, slightly more in trade than many of its competitors. GiftCardBin pays for your cards either with cash or through PayPal. Unlike other gift card services, GiftCardBin has stores scattered throughout the country where you can exchange your gift cards in person and eliminate the hassle of shipping.
This gift card exchange site houses hundreds of gift cards issued by different retailers. If any retailer's card is out of stock, the service has a useful alert system to notify you when cards become available again. Unfortunately, the service does not currently buy or sell electronic gift cards, so you have to ship physical cards. However, the service covers all shipping costs.
GiftCardBin has a large inventory of cards and an effective search tool to help you find the cards you want. Aside from a general search function, you can narrow your search even further by retailer and category. The site shows how many gift cards each retailer has and the highest discounts offered for that retailer.
With so many features, this gift card exchange site has surprisingly limited support options. It excludes a FAQs page and does not offer any technical support via email. The only contact information the site provides is a phone number and an online contact form.
GiftCardBin accepts most gift cards, even ones with expiration dates. However, it does not offer electronic gift cards, nor will it purchase any from sellers. Only offering standard gift cards limits the service, especially since most retailers offer gift cards in the form of electronic codes.