The Amazon gift card system began in the late 1990s, not long after the online retail giant’s inception. Initially simple and straightforward, these gift cards have evolved with technology and consumer demand. Today, they can be customised and delivered in various ways: digital cards sent via email, physical cards with themed designs, or even through user-specific animated gift boxes.
Overview of Amazon Gift Cards
An Amazon gift card allows you to purchase items on Amazon without the need for a debit or credit card. These gift cards can be found both in physical and digital forms and are available at various retail locations, including supermarkets and electronic stores, as well as directly from Amazon’s website. They can range in value from a few dollars to thousands, making them versatile for gifts and personal use.
However, there might be times when you receive a gift card but would rather have cash or another form of payment.
This comprehensive guide will explore various aspects of selling Amazon gift cards, ensuring you get the best value out of your card.
Best Ways to Sell Amazon Gift Cards Online in 2024
Selling Amazon gift cards can be an excellent way to convert unused cards into cash or other forms of payment. The optimal methods to exchange your Amazon gift cards include:
- Selling them on a Cryptocurrency Exchange for Bitcoins.
- Selling them on Online Marketplace platforms for USD.
Sell your Amazon Gift Card for Bitcoins🔥
A highly effective and well known method to convert your Amazon gift card into Bitcoins is by using the cryptocurrency platform BitValve.com, where you can seamlessly and quickly make the exchange. This way you can get ahold of your first Bitcoin!
- Profile: BitValve is a P2P Cryptocurrency Exchange that allows users to buy and sell various cryptocurrencies with Gift Cards, including using Amazon gift cards as a method of payment.
- How it works: Sellers can list their Bitcoins in exchange for Amazon gift cards on the platform specifying the desired rate. Buyers looking to purchase bitcoin can browse these Amazon Gift Card listings and initiate a trade.
- Pros and Cons: One significant benefit of using BitValve is its ability to provide fast and secure transactions. It boasts one of the lowest scam rates in the industry and enables users to purchase Bitcoin from anywhere in the world.
- Payment Options: Gift cards, Bank Transfers, PayPal, Apple Pay and more.
Sell your Amazon Gift Card to Online Marketplaces
EBay:
- Profile: A global commerce leader that connects millions of buyers and sellers around the world.
- How it works: Sellers can list items for auction or fixed price; buyers bid or buy outright.
- Fees/Commission: Listing is free for up to 50 items per month, after which a fee is charged per listing. Final value fees also apply.
- Pros and Cons: eBay’s vast global reach offers high visibility and the potential for higher selling prices. However, competition can be intense, and fees may add up if you list many items​​.
- Payment Options: PayPal, credit/debit cards, and local pickup options (cash).
GameFlip:
- Profile: Focuses on gamers and gaming-related items but also serves as a marketplace for gift cards.
- How it works: Sellers list their gift cards, which buyers purchase for use at various retailers.
- Fees/Commission: GameFlip charges an 8% commission plus a listing fee that varies based on the item sold.
- Pros and Cons: Specialized for gamers, which can be a pro if targeting that audience. A con is the niche focus, which may not appeal to all sellers​​.
- Payment Options: PayPal, credit cards, and GameFlip credits.
Fruugo:
- Profile: A UK-based marketplace with a wide international reach, supporting multiple languages and currencies.
- How it works: No upfront costs; sellers only pay commission on sales.
- Fees/Commission: Commission is only paid on successful sales, with no listing fees.
- Pros and Cons: Provides access to a broad international market; however, it may not be as well-known as other platforms, potentially reducing traffic​​.
- Payment: Direct bank transfers in local currency.
Cdiscount:
- Profile: Prominent in France and known for electronics and high-tech goods but also supports a wide array of other categories.
- How it works: Sellers can open a shop with no listing fees and unlimited product posts.
- Fees/Commission: Variable commissions based on the type and price of the item sold.
- Pros and Cons: Access to a large market is a major advantage; the primary drawback is potential competition from numerous sellers​​.
- Payment: Bank transfers.
Zalando:
- Profile: Primarily a fashion retailer, Zalando is a top choice in Europe for clothing and lifestyle products.
- How it works: Easy setup with support for shop creation and product listings.
- Fees/Commission: Charges a commission based on sales; specific rates vary.
- Pros and Cons: Strong in the fashion segment with substantial market reach in Europe; less ideal for non-fashion items​​.
- Payment: Bank transfers.
Social Media Platforms
Facebook Marketplace:
- Profile: A user-driven marketplace available globally.
- How it works: Direct listing and selling through user profiles or groups.
- Fees/Commission: No fees for listing or selling.
- Pros and Cons: High visibility and ease of use are pros. Cons include potential security risks with direct transactions.
- Payment Options: Often cash or PayPal, depending on seller preference.
Instagram Shop:
- Profile: Enables brands to integrate their shopping experience with their social presence.
- How it works: Products are tagged in posts and stories, leading directly to purchase options.
- Fees/Commission: Generally involves a commission on sales.
- Pros and Cons: Great for visual products and brands with strong social media presence; however, it requires maintaining an active and engaging profile.
- Payment Options: Often cash or PayPal, depending on seller preference.
OfferUp
- Profile: A user-friendly mobile marketplace popular in the United States.
- How it works: Users can list their items (including gift cards) for sale directly from their mobile device. Buyers can browse these listings and make offers through the app.
- Fees/Commission: OfferUp charges a service fee when a sale is made through the platform’s payment system. The fee is a minimum of $1.99 or 12.9% of the sale price.
- Pros and Cons: The primary advantage of OfferUp is its convenience and large user base, which can potentially lead to quick sales. A downside is the service fee, which is higher than some other platforms.
- Payment Options: Cash (in-person) or through the app via PayPal.
Dedicated Exchange Gift Card Platforms
Raise:
- Profile: A popular platform in the US for buying and selling gift cards.
- How it works: Sellers list their unwanted gift cards, which buyers can purchase at a discount.
- Fees/Commission: Sellers pay a 15% commission on the selling price.
- Pros and Cons: Easy to use with a large user base; however, the high commission rate can reduce earnings​​.
GiftCardio:
- Profile: Allows users to sell gift cards directly, promising up to 96.1% of the card’s value.
- How it works: Users enter gift card details to receive an offer, which they can accept or decline.
- Fees/Commission: Up to 15% commission; reduced rates for first-time sellers.
- Pros and Cons: High payout potential is a pro. A con is that it lacks user reviews and ratings, which might concern new users​​.
- Profile: A subreddit dedicated to the exchange of gift cards.
- How it works: Users post offers to sell or trade gift cards, negotiating terms directly with other users.
- Fees/Commission: No official fees, but the platform operates on trust, and risks must be managed personally.
- Pros and Cons: The advantage is that there are no fees. The downside is the high risk of scams due to the lack of a formal intermediary​​
- Payment: PayPal, Venmo, other digital wallets.
Best Practices and Tips for Profit
Maximising Your Returns
- Timing is Everything: Sell during high-demand times like just before Christmas or school seasons.
- Bulk Deals: Bundle smaller gift cards for a better price.
- Promotions: Offer a slight discount if someone buys multiple gift cards from you.
Common Pitfalls and How to Avoid Them
Scams: The online sale of gift cards is fraught with the risk of fraud and scams.
- Secure Platform: Always use a well-known platform with built-in security features.
- Payment First: Never send the gift card information before receiving the payment.
- Verification: Verify the buyer’s identity and payment method if possible.
Conclusion
Selling your Amazon gift card online can be easy and profitable if done correctly. By following these detailed steps and adhering to the best practices mentioned, you can ensure a safe transaction that maximizes your potential profit while minimizing risks. Remember, patience and cautiousness are your best tools in this process.
**Disclaimer** This article is for informational purposes only and not intended as financial advice. The content is not sponsored by or affiliated with any entities mentioned. Readers should seek independent financial advice before making investment decisions.
