Things to remember before selling your gift card

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Many of us have been in a situation where someone gets us a gift card as a present, but we don’t find anything useful in that particular store. We then end up buying something out of desperation or the card gathers dust until the expiry date arrives and eventually heads to the trash can. This doesn’t always have to be the case because there are ways to exchange your gift cards for cash.

If you try to sell your gift card, there is always a chance of being scammed so proceed with caution. Make sure you don’t send the card without receiving payments. If it’s a gift card for any particular store, make sure you meet the person you are selling it to at that store and verify that the card is working before completing the transaction. Similar precautions should be taken before selling e-gift vouchers. If you are selling via third-party websites, make sure you read all terms and conditions (including buyer protection schemes) to avoid getting scammed. Proceed at your own risk.

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