I posted about Plastic Jungle a few weeks ago after I sold them a bunch of my gift cards. I received payment (in Amazon.com gift cards) approximately a week after I dropped them in the mail. After selling my gift cards with success, I figured the industry was worth taking a closer look at. I am willing to bet that you have a few gift cards lying around your home somewhere. At some point we’ve all received a gift card to a store we never visit. Previously these gift cards would end up being placed somewhere in the house until they were lost, or we’d force ourselves to go to the store and make a purchase we didn’t necessarily want or need.
Recently, there’s been an explosion of websites aimed at helping people to get rid of their unwanted gift cards, or purchase gift cards they want at a discount. The four main players I identified were Cardpool, PlasticJungle, GiftCardRescue, and MonsterGiftCard. From what I’ve seen, I’m not really sure that GiftCardRescue belongs on this list, because it’s on a tier below the others in my opinion. Below is a table of the rates I found when either selling or buying a $100 gift card at a basket of retailers.
As you can see in the table I made, GiftCardRescue doesn’t have many good gift cards in stock. It also paid the least for every gift card I check. I’m not sure how they plan to stick around. The website looks horrible and confusing, they pay the least, and they have no good gift cards in stock. CardPool and PlasticJungle, in general, pay about the same for gift cards they’re buying, and charge about the same for gift cards they’re selling. Then it really becomes a comparison of features. PlasticJungle’s system simply looks easier to use. Plus, if you’re interest in receiving Amazon.com gift cards instead of cash, you’re going to get the best payout from PlasticJungle. It’s worth it to spend some time scouring your home collecting those unused gift cards. You should probably then check Cardpool and PlasticJungle to check if the payouts differ and then select which site to use. When selling a card, look to see if the website is going to pay the shipping. When buying, look into the guarantee offered by the website. Make sure the value of your card is guaranteed.
If you have used one of these websites, or another, to sell or buy gift cards, I’d love to hear your review. Make sure to post in the comments below.