Gift card exchange solves unwanted woes

 

By Posted 26 Dec 2011, 11:08

As we have already reported lots of canny consumers hit the stores today for the after Christmas sales. They could be getting some bargains for next year’s presents or something for now, and there will be some going out to spend any gift cards or cash they may received. There is now a growing trend of people using gift card exchanges, which can solve unwanted woes.

Many of us would have received gifts over the holiday season that are not to our tastes, which could be that brightly colored sweater or any other gift that won’t see the light of day. Some people can be hard to buy for so you decide to purchase a gift card for them, but what if it is for a store they never think of visiting?

Also See: Karma gift giving app for iPhone

There is help at hand now with a growing selection of gift card exchange services springing up to offer a solution to those unwanted cards. Today is Gift Card Exchange Day that was created by Gift Card Granny according to an article here. Consumers can go to the website and enter where the gift card is for and for how much, and they are then given instant bids from a variety of resellers who want to purchase the cards.

The service only works with reputable resellers and there is a consumer protection built-in to the service. Gift cards from the likes of Target and Walmart will see you get a higher return on your exchange.

Consumers can also use some other gift card exchange services such as Cardpool.com, GiftCards.com, and PlasticJungle.com. PlasticJungle for instance will pay you up to 96.6% for your unwanted Walmart gift card, and you can be paid via PayPal, cashier’s check, and even an Amazon gift card. The site also has a number of gift cards on offer for a variety of retailers offered at a discount.

Retailers report that many gift cards that a given as gifts are often never redeemed, and either expire or forgotten about in a draw somewhere. Did you receive any gift cards that were for retailers you never use?