They might also be desperate for cash which means holding their cards can be a gamble. Chances are if they have to discount their cards that much, then they aren’t very popular either. If a company constantly discounts their gift cards then you will need to get a STEEP discount in order to do well. Some stores are in better financial conditions than others. Think outside of the box when looking for deals and always keep your eyes open. Think outside of the box – Sure blogs like this one cover the most popular national deals, but there are so many local/regional offers available as well. Office Supply/Grocery Stores – Combine digital coupons and instant discounts with 5-6X rewards on certain cards and you are winning.ĮBay – This was once better with portals and eBay Bucks, but occasionally you can find a great deal and earn 5X Ultimate Rewards when buying cards from PayPal Digital Gifts with a Chase Ink Plus/Cash card. Also look to see if portals will work to buy gift cards online. Here is what to look for.Īmex Offers – See if the discount offered by Amex is enough that the card can be re-sold at a profit. It isn’t always easy to find deals that can be re-sold, but that doesn’t mean it is impossible. None of these brands are great for reselling. There is always the off chance that something catastrophic could happen and you could be stuck with those cards for awhile. As with anything, be prepared for the float and don’t float more money than you are comfortable with. Prepare for the float – When buying gift cards sometimes it can take time to sell them and then depending on who you sell them to, it can take a couple of weeks to get paid.Always check your card numbers against the receipt and verify everything is as it should be. Mistakes are costly – While tracking cards is important, mistakes at point of sale happen too.Its best to reach out to do this sooner rather than later. Keep in mind that most resellers will only buy limited amounts of cards from you until you establish a relationship with them. Gift Card Wiki has a list of all resellers and their public rates for specific brands. Get to know the resellers – If you are going to sell gift cards you need to sell them to someone.Have a spreadsheet and log all of your purchases and sales. Have a good tracking system in place – As you scale up it can be so easy to misplace cards or lose track if/when you sold a card.You never want to buy and sell third hand cards. They buy cards from others and re-sell them. Cards from Card Cash on eBay are not first hand since Card Cash is a reseller. Only buy cards from the store directly or an authorized seller – For example, cards purchased from PayPal Digital Gifts on eBay are first hand since you are buying from an authorized seller.Here is what you need to know before beginning. Ok so you are ready to purchase your first gift card that can be resold. They may not have access to the deal, but you do!ĭiscounted iTunes cards can be a great way to rack up spend and rewards. Regional Sales – Some opportunities are highly regional. They can buy cards when they are ready to sell them and avoid getting stuck with too many of one brand. They need you for this.įloat – By paying you for the cards and having you get the deals, they have less risk and less overall float. Resellers can’t buy unlimited quantities of the best deals. Limits – Many stores have a per person limit. But why would large gift card resellers pay you a premium for your card? Why not go buy them directly? Well there are a few reasons.
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