If you have a gift card that you know that you are not going to use, than it’s time for  you to find out how to sell unwanted gift card for cash – for the highest amount of cash possible.

It’s true that usually, you cannot get the full remaining balance of the card, and if your card has less than $25.00 in remaining balance, it will be harder to sell it, but know that you can always sell gift cards, and you should do that. Many retailers rely on the fact that gift card owners will never use them, and make huge profits. Exchanging your gift card for cash is a good way to prevent this from happening, since the buyer of the second hand card will, more often than not, use it.

So, in short, there are 2 main ways in which you can sell your gift card.

1. Advertise the card yourself and handle the sale process from start to finish. You can use consumer forums, eBay or Craigslist for this option. This way is time consuming, and you might need to meet the buyer at the retailer’s location to reduce risk of losing both your card and money, but you can get paid more using this method.

2. Use gift card exchange sites. These sites take the gift card off your hands and sell them at a discount to people who are interested in the card. Since they take the risk and pay you before they sell your card and get paid themselves, the maximal commission that you can get using this option is approx. 92% of the value of the card.

This option is the preferred option, if you are looking for a quick way to sell your gift card for cash.

Read more about the different ways to sell unwanted gift card and get tips on how to get the most cash back.