A Guide on Reselling Gift Cards

Reselling Gift Cards

Did you know that you can make money off of reselling gift cards? There are various websites that will often sell certain gift cards at a discount. One website that comes to mind is eBay.  Ebay sellers such as PaypalDigitalGifts and GiftCardMall will often sell gift cards for a discount. You can often buy these gift cards and resell them on certain websites that can buy them in bulk. People will most often resell gift cards for two reasons. The first is that you can profit off of the gift cards. The second reason is because you can often use a (new) credit card to buy these gift cards to earn cashback and/or sign-up bonuses. Check out my steps below to see how you can make money off of reselling gift cards (from eBay) too!

Step 1: Find a profitable gift card to buy

The first step is to find a desired gift card that you can make a profit off of. There are certain websites that will often post gift cards that goes on sale. I personally use DoctorofCredit.com  to find gift cards that are on sale. Please note that profitable gift cards do not go on sale often though! Anyways DoC often have posts such as these ones that describe how much profit you can make off of each gift card. In his example, he points out that you can make $13.64 off of each one you sell. You can make a total of $27.28 since there is a limit of two. 

Step 2: Go to a portal

You should go to a portal once you find a good gift card to resell. Certain online websites will offer you cashback for going through their portal. I have a post here describing portals for those that are unfamiliar with them. Let’s say I was buying the gift card from eBay. I would go to CashbackMonitor.com to see which is the best portal to go through. TopCashback seems to be the best option. TCB currently offers 1.25% cashback.

Step 3: Prepare for purchase on eBay

eBay also offers something that is like cashback as well. They have something called the eBay Bucks program. You receive 2% eBay Bucks on each purchase which can be redeemed on an eBay purchase on a later date. I have a post here that describes everything that you need to know about eBay Bucks. The next step is to find a card that gives a decent amount of cashback. Ideally you want to find a card that has 2% cashback or a card that you can get a sign-up bonus off of. Make the purchase once you have the portal, eBay Bucks, and credit card ready.

Step 4: Find a gift card exchange that will buy your gift card

The next step is to find a place to resell your gift card. I often use giftcardgranny.com to find which exchange is the best one to resell my gift cards. Simply send in your gift card and you’ll your payment.

Conclusion

The steps to making money off of gift cards are pretty easy. In summary, just sign up for a credit card and eBay Bucks before you start. Then check out DoctorofCredit.com every so often for profitable gift cards. After you find a profitable gift card, identify the best portal through cashbackmonitor.com. Once you do that you should purchase the gift card. Then find the correct gift card exchange to sell to. Wait a few days and voila you’ve just made some extra cash.

Note: This is not something that can be done consistently. I actually often only resell gift cards once or twice a month. This is probably not something that will consistently be profitable.

2 comments

  1. ws says:

    much, much too breezy….. you leave out that the gift card market is presently horrendously saturated — and has been since Thanksgiving….. more often than not with the very gift cards that get featured here and there as “on sale”….. Even with the “power seller” discounts, you’ll be lucky not to lose your shirt re-selling gift cards… breaking even for purposes of meeting a minimum spend might work…. but as for the 5+2 pressed down running over model, especially post bluebird, fuhgetaboutit.

    • Phong Chau says:

      It’s true that the market is very saturated. However I’d have to still stand by the fact that it is somewhat easy especially if you follow these steps and you look at the numbers given by DoctorofCredit. This method is especially easy if you have e-gift cards you can buy. As you can resell them almost instantly after receiving them. This easily allows you to get the best market price. Even getting physical gift cards shouldn’t be a problem if you sell it quickly (as everyone will be getting theirs mostly at the same time).

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