Amazon sells (almost) everything under the sun and this makes Amazon gift cards an easy gift option. That and the fact that you can pick up an Amazon gift card from just about any store, like Target or Walmart, that has a gift card kiosk. For whatever reason, you might prefer having actual money instead of an Amazon gift card.
The good news about selling your Amazon gift cards is that you can sell an unused or partially used gift card.
How to Sell Your Amazon Gift Card
As long as the gift card balance is accurate, buyers are willing to buy gift cards using a variety of methods.
Discounted gift card marketplaces like Raise might be your preferred method to sell your unwanted Amazon gift cards because of the seller protection benefits.
You can sell digital gift cards for Amazon and almost any other store or restaurant. All you need to do is enter the gift card serial number and Raise will verify the remaining balance before the listing goes live.
This especially comes in handy if you have ever been paid in Amazon gift cards after using Cardpool or Swagbucks.
Currently, Amazon gift cards sell for a 1% discount on Raise which allows you to earn a higher profit margin compared to other retail gift cards that might sell at a 40% discount because there is less demand.
I have personally used Raise in the past to sell gift cards from several retailers and have been pleased with the results. Most gift cards will sell within 24 hours.
Due to the popularity of Amazon gift cards, Raise only accepts Amazon gift card listing from select sellers. While Raise can be a good option for your other retail gift cards, you might have to choose another option from this list.
2. Sell on Reddit
Reddit is a popular social media platform that is a throwback in appearance to internet forums. While you can find subreddits (threads) on any topic, their Gift Card Exchange subreddit allows you to name your own selling price for your Amazon gift cards.
In your listing, you can offer to complete the transaction using PayPal or a cryptocurrency such as Bitcoin or Ethereum.
Becoming a verified seller will give you an additional badge that will increase the likelihood of completing your sale. It’s free to sell gift cards on Reddit and they even allow trades. As an added layer of security, you can also request the subreddit moderators to perform a background check on a prospective buyer too.
3. Trade on Reddit
The Reddit Barter thread allows you to trade Amazon gift cards for other tangible items and services. Trading allows you to avoid those annoying PayPal fees you can experience with their gift card exchange subreddit.
Be sure to read the subreddit rules in the sidebar before listing your gift cards. For example, you might be able to barter a gift card for video games or other services like graphic design.
You can also sell gift cards locally on Craigslist. Be prepared to verify the balance of the gift card when you meet with the buyer. Most likely, the balance can be verified using your smartphone or meeting at a public Wi-Fi hotspot if you need to use a computer or tablet.
While you might invest some time and money to commute to the meeting location, you will receive cash and do not have to worry about any transaction fees that you will encounter with online sales. As always, you can also trade your gift card for actual merchandise too.
The Facebook Marketplace is another potential sweet spot to sell your unwanted Amazon cards.
This Craigslist alternative allows you to advertise to another prospective audience if your local Craigslist board is lacking. It also allows for buyers that enjoy the added security of purchasing through a local social media platform instead of a stale forum.
It’s free to sell within Facebook. Be sure to read the group guideline to ensure you can sell gift cards.
6. Sell on eBay
Another option is to sell your cards on eBay. This is one of the few ways you can actually sell your card for more than retail price as international buyers take advantage of gift card exchange rates to buy “cheap” Amazon cards in U.S. dollars.
This type of currency arbitrage allows you to recoup the seller fees and profit.
For example, a recent $10 card balance was selling for $12.50 after five bids with four days remaining. Another seller was selling a $500 card for $535.
Inexperienced sellers need to heed the following nuggets of advice to avoid buyer scams:
- NEVER email the gift card number to the buyer
- Only ship the card to PayPal verified addresses
- Consider only selling to buyers with prior positive feedback
In the past, novice sellers have just emailed the code to the buyer and not mailed the card. The buyer will immediately redeem the card balance and file a complaint. If the eBay or PayPal rule against you, then you will be required to issue a refund and you don’t recoup the card balance.
Just exercise some common sense when selling online through a non-gift card marketplace like CardCash or Raise that offer more seller protection benefits. Doing so can mean you earn a higher profit.
You may have thought those Coinstar machines you pass in the breezeway of your local supermarkets and retail stores only accepted your spare change. Some machines will also allow you to trade in your unwanted gift cards for cash. To find out, check out the Coinstar direct to see if they have the capability to accept gift cards.
If your local Coinstar machines do not accept Amazon gift cards at this time, periodically check back. Their acceptance policy can be adjusted seasonally based on the current Amazon gift card supply within the Coinstar network.
8. Ask Amazon
Sometimes, Amazon will buy the gift card back from you. It’s free to ask and it doesn’t hurt to ask and the worst that will happen is that they will say, “No.” If they do accept your offer, you can potentially be reimbursed at face value.
9. Flip Items Purchased on Amazon
Are you an entrepreneur that relishes the idea of thinking outside the box? Selling items for a profit that you purchased with your Amazon gift card is a prime example of making money with retail arbitrage.
There is an extra step or two involved to make money, but it can be an enjoyable experience and more profitable than selling it for a discount online. Plus, if you are an Amazon Prime member or own an Amazon credit card, you can earn cash rewards that can maximize your profit even more.
10. Regift the Card to Family and Friends
The old adage, “A penny saved is a penny earned” still rings true today. Using our forefathers’ wisdom, give the gift card to your family member or friend as a gift. If you planned on spending the same amount of money regardless, you indirectly profit if you received it as a gift.
Most likely, your friend will be none the wiser that they received an unwanted gift card. Since Amazon gift cards can be redeemed for thousands of digital and physical products, they should have no problem spending it.
11. Buy For Non-Amazon Prime Friends
If you received your card as a gift, you basically have “free” money sitting in your wallet. Your friends and family might not be Prime members and occasionally want to buy exclusive Prime items, but don’t shop Amazon enough to justify the $99 annual membership fee for Prime.
You can buy the product and have them reimburse you for the purchase. They get their goods and you swap your card balance for cash.
This can also be a good option if you feel re-gifting is a bad idea.
12. Use Amazon Pay
Amazon gift cards can also be redeemed at other online merchants. With Amazon Pay, you might be able to shop at an online store you routinely visit and pay with Amazon cash. This saves the hassle of trading gift cards and potentially losing a few dollars in the process because of trade fees.
Amazon Pay is free to use and new merchants are being added all the time.
13. Buy Food on Amazon Prime Pantry
Amazon sells everything including groceries that are delivered to your front door. You do need to be a Prime member to leverage this option and it can reduce your grocery spending for one month.
You will pay a flat shipping fee of $5.99. This fee can be offset by purchasing at least six select items to receive a $6 credit.
Amazon will let you order up to 45 pounds per box.
14. Sell or Trade to Your Friends
Another local option is to sell or trade your card with a friend, coworker, or family member. Since you already know each other, you might be able to get a better deal than dealing with a stranger. Once again, Amazon gift cards are akin to “plastic gold” so it should be relatively easy to sell or make a trade.
15. Trade on Card Kangaroo
Another gift card marketplace is Card Kangaroo where you can sell or trade your Amazon cards. Whether you sell or trade, you will need to mail your gift cards into their processing center. They offer 100+ options to trade your gift card and even the most popular like Target, Walmart, iTunes, Apple and Best Buy.
It can take up to five business days for Card Kangaroo to receive your gift cards. Once received, you will be paid with PayPal within 48 hours. Know that you will not receive the full value but will get a good offer. You can also choose payment by check too.
16. Sell Them for Bitcoin on Purse
Purse is a Bitcoin marketplace that lets you receive payment in Bitcoin. Shoppers on Purse create an Amazon wish list of items they want to purchase. You redeem your gift card so they can purchase their item and you get paid in Bitcoin.
Due to the Bitcoin to Amazon cash exchange ratios, shoppers can receive a 20% discount on the item price and you can earn a larger profit than simply selling your card for cash.
Alternative currencies are still a relatively new concept, but, more apps and platforms are using them to maximize profits on everyday tasks like shopping and using smartphone apps.
17. Exchange It for Cryptocurrency
If you have ever traveled overseas, you have most likely seen the currency exchange booths in the airport terminals. Paybis is an online version of that for crypto currencies.
You enter the balance of your Amazon gift cards and Paybis will instantly quote the exchange rate for Bitcoin or other digital wallets including PayPal and Skrill. If you accept the quote, your gift card is instantly sold and the payment process will be initiated into your payment account.
There is a 24-hour holding period for new customers. At this time, only physical U.S. issued gift cards are accepted.
18. Have a Raffle
If you are a business owner or trying to raise money for charity, you can raffle your Amazon gift card. You might not directly profit from this option, but, it can be a unique way to “pay it forward” as part of a charity raffle.
Bloggers and website owners can partner with Rafflecopter to give away an Amazon gift card. Contestants can receive entries by joining your email list, sharing posts on social media, or commenting on specific blog posts.
There might not be an entry fee, but, raffles tend to attract new visitors that can generate passive income for your blog.
It only takes three minutes to create a giveaway and you have the opportunity to attract long-term subscribers. That sounds like a pretty good opportunity.
19. Donate Your Unused Gift Cards
It’s also possible to donate your unused gift cards to charitable organizations. If a charity will write you a receipt for the donation, you can claim it as a charitable contribution at tax time. Some charitable gift card websites like Gift Cards 4 Change will even accept Amazon gift cards.
This might not be the most lucrative option. However, it helps a good cause and gives the funds to someone that needs the money more than you do.
Gameflip will let you sell Amazon gift cards and egift cards on its online marketplace. You just list it for sale (it’s free to do this) and wait for an offer.
Gameflip takes a small fee from you after your card is sold. However, their site doesn’t say what that fee is without you starting the selling process.
If you sell your gift cards for cash, your proceeds will get deposited to your Gameflip wallet. From there, you can request payout via PayPal or direct deposited into your bank account.
Bonus: You may be able to earn a bit more from your Amazon gift card by choosing to use the sale proceeds to buy from Gameflip.
It’s really easy to sell or trade your Amazon gift cards. Since there is a steady demand from buyers, you can sell your unwanted gift cards for the lowest trade fees and even make a profit. Both you and the buyer win and you get to walk away with some extra cash in your wallet.