Making Money on EBay Selling Gift Cards

Whenever a holiday rolls around it seems that the go to gift for most has become a gift card to some store, restaurant, or online e-store. Sometimes I receive cards that I know I'll actually use and others I have to think long and hard of something I want to purchase and usually I forget I even have the card in my wallet. Another type of gift card I receive are store credits when I return an item that I no longer have a receipt for.

Instead of letting these cards get lost in your wallet, consider selling them on eBay! It's amazing how much of the value of the cards you can actually recover. The smaller the amount the more likely you'll actually get the full value of the card. Most of the time I recover 90-95% of the value of the card and the cold hard cash adds up for something I'd really rather have. It's funny how much people are willing to pay for these gift cards. I'm not sure why or what they do with them when they pay full value but for example a Visa Gift Card can be a real find for them because of the activation fees and shipping charges that you don't have on eBay. The majority of the time I follow these rules for selling gift cards for cash.

1. Make sure that you offer free shipping. If the amount is $20.00 or under I'll usually risk shipping by putting a stamp on an envelope and sending it off. Anything over $50.00 use confirmation tracking on your shipment so you can prove they received it and not have anyone rip you off by getting the card and reporting you didn't ship it (I learned my lesson the hard way on that one).

2. Be sure to ship it out the day after they pay for it so you can be sure to get great feedback and meet their timelines in case they need it for a gift, etc.

3. Only list one gift card at a time and make sure it's already in your sold column before listing another or eBay will remove your listing. You are supposed to only sell one gift card a week but I've found as long as one is out of my current listings I can put another one on the next day.

Following these rules will allow you to get great feedback and start raking in the cash versus the credit on your unused or unwanted gift cards.