Many people have saved hundreds of dollars by scanning the internet for used gift cards that can be bought, sold and traded in online at incredibly low prices.
Purchasing a pre-owned card is anticipated to be one of the most popular presents to date, generating about twenty billion dollars in overall retail sales during the holidays each year خرید گیفت کارت. Many experts expect a total of 58 billion more will be spent on store brand specific cards the following years.
However, a rarely known fact is that approximately 10% of the dollars on all those sold cards actually goes unspent. As a result, many sellers have suddenly leapt up online creating a little known legitimate market for these popular items. Many analysts estimate this to be an additional 2 billion dollars more in additional sales.
For all the buyers, these private and professional sellers present an amazing probability to buy one at savings of anywhere from 10 to even 50 percent off the original face value. All of these cards can be given to friends and family or redeemed for store merchandise. For all the traders, this can be a simple way to exchange an undesirable gift card for a more desirable one from a store that they actually prefer without the original provider ever knowing anything about it. For all the sellers, it is a rarely quick and easy way to get cash for their unused card.
As a note of caution, gifting card exchangers need to be extra cautious when trading cards. While the majority of online sellers are legitimate, the legitimate market is still a developing business. Even though theres choice of policies and protections, a transaction is only as safe as the people who mutually participate in it. Furthermore, there is still the very real concern regarding thieved merchandise and fraud.
Currently, there are many different business models when it comes to buying resale cards online. A more careful look into this matter reveals that there are a rising number of reputable online market places such as ebay.
One can also purchase these cards online at specific card trading websites but all of this generally comes at a price. Although it varies from website to website, these used card specific sites usually require users to pay a registration fee, usually about fifty cents to a few dollars, or a transaction fee of 3-8% of the gift card’s total value. Many of the sites charge a combination of both, which can really eat into the overall value of your card.
Another fact to be wary of is that all gift cards are not traded in equally. Paying close attention to the market demand will enable you to in your search for that perfect pre-owned card.
Firstly, you need to be careful and consider many things such as when to make trades. A lot of gift card exchange sites are disproportionate in their supply and demand and have significantly more sellers than buyers on any given day. However, during the first so often in the beginning of each year, particularly in the month of january after the holidays, that asymmetry is amplified when the market is flooded with unwanted holiday gift cards. Other peak time periods add weeks after similar popular gift giving holidays such as Valentine’s day and Mother’s & Dad’s Day.
For the clever buyer, this means a much wider selection to select from and prices that could be 15-20% percent a lesser amount than they are at other times during other countries in the year. For potential sellers, it may be a good prize to await but not too long. Some gift cards which have expiry dates or charge fees when they go unredeemed are a no-no from some majority of websites to prevent issues.
Secondly, you need to reflect on what to make trades. While it is not easy to tell from an occasional trip to these websites, frequent resale buyers and sellers understand that its not all used card is good bargain. Most cards sell for ten to fifteen percent off their full face value. Note that a forty to forty percent reduction is considered to be an excellent deal. However, the popularity of the retailer and condition of the card are critical in determining whether a used card is actually worth its price.
If you view it from a shopper’s point of view, the largest bargains can be found at national retailers that have many unique gifts. Cards from those nationwide store chains take longer to sell, in most cases, and are often at discounts of 20 percent or more. Smaller regional stores often sell at fifteen to twenty percent off because there are fewer buyers and a smaller demand. Larger retailer cards trade at a bigger discount after the holidays since so many impulse buys are made that the legitimate market is flooded with resale gift cards.
Now, if you view this from a seller’s point of view, gift cards that command the most money are for big-box retail stores and discount chains. The demand is also quite strong for preowned gift cards from office supply retailers. They all usually bring in a return of at least 80 cents on the dollar.
However, for the majority of buyers it is a good rule of thumb to consider the discount as well as the total actual value of the gift card. While twenty percent off a twenty five dollar gift card is good, twenty percent off a hundred dollar gift card may be much better if you pay attention to the transaction fees and other potential risks. From a seller’s perspective, that reasoning also makes trading a great gift card an attractive deal as opposed to just trying to sell it.
It is recommended that you inquire about the condition of the card, especially if you are not planning to personally use it yourself. Some websites have a condition grading system that classifies the wear and tear of each card while other sites allow you to send a contact message to the seller. Finally, it is of utmost importance that you check if it is a real gift, not a voucher or store credit, which sometimes looks deceptively similar.
Some final cautions to be aware of is the possibility of ending up with something much totally different from what you originally thought it would be. A used gift card seller should expect prompt payment and buyers should use a credit card or online payment service and expect to obtain card within a reasonable amount of time.
Nowadays, pretty much all online auction or seller websites include some form of fraud protection although the complication and extent of coverage varies. In particular, on ebay, sellers need to register with a credit card and are limited to selling one card once a week with up to 700 in stored value. This ensures that the buying experience, for someone looking to purchase used gift cards, is a safe and enjoyable one. Search through our extensive directory and choose the best used gift card for yourself or family. Buying gift cards used online is simple and easy and can be done from wherever.