Methods for Turning Your Amazon Gift Card Into Hard Currency

If you're looking for a present for someone who already has everything, consider giving them a gift card. Amazon has a great selection of gift cards, but not everyone likes to shop online. You may be curious about how to convert an Amazon gift card to cash if you have received one and don't plan to use it. A cash equivalent cannot be obtained from Amazon.com.

With this guide, we hope to dissuade you from making any unneeded Amazon purchases. To help you cash in on your Amazon gift card, we've compiled a few alternative methods.

Make a Sale on Reddit!

In today's digital age, Reddit has become a prime venue for many different kinds of online commerce. In terms of Amazon gift cards, a subreddit on Reddit is devoted primarily to gift card trades. Unwanted gift cards can be sold, bought, or traded in the /r/giftcardexchange section of the forums.

Whenever two Redditors exchange gift cards, PayPal is the method of choice for the former to pay the latter. Think about how you'd like to be paid before you put up that ad. Make a thread detailing your card's value and the deal you struck to acquire it. You can increase the appeal of your ad by providing interesting details about the reason you are selling the item. You won't have to wait long before a user makes you an offer on Reddit because of how responsive the community is.

Be sure you understand the moderators' guidelines and terms of trade for the gift-card-trading subreddit before starting a thread there.

Following these guidelines and pointers, you can get the best possible exchange rate when turning your Amazon gift card into cash.

1. Post an ad offering your Amazon gift card for sale on the subreddits r/giftcardexchange, r/GCTrading, and /r/barter.
   
2. Set a price for your product. Keep in mind that the average selling price of a prepaid Amazon gift card is 90% of the remaining balance.
   
3. Discuss terms of payment with potential buyers and reach an agreement.

Margin Play in Retail

If you'd rather take a businesslike approach, retail arbitrage is the way to go. Consider making a profit by using an Amazon gift card to make purchases at a discount, then reselling the items at a higher price. That's right, you can turn your Amazon gift card into cash and maybe even make a little extra money in the process.

How to do that quickly and easily is detailed below.

1. Look in the Amazon today's deals and other sections that feature sales and discounts. In addition to this, you can save money by using coupons.
   
2. Get paid with an Amazon gift card.
   
3. It's important to shop around to find the best terms for your purchase when using an online marketplace. You could try selling your Amazon products on alternative marketplaces like Etsy, eBay, Craigslist, or eBid.
   
4. You can make a profit by selling the items online to customers who are willing to pay more than you did.
   

Websites That Sell Cards

A gift card exchange website like EJ Gift Cards or Craigslist can help you sell your card quickly. You can resell your unused gift card for a price relatively close to its face value on sites like these. Besides the traditional item-for-money trade, gift card marketplaces also allow you to exchange cards for cards from other retailers.

Craigslist

Thousands of people use Craigslist every day to buy and sell goods in their local communities. If you want to exchange your Amazon gift card for cash, you should use this site. You conduct business with buyers and sellers in your immediate area because doing so facilitates speedy, in-person meetings. It also provides information about the card's market value, which is useful for maximizing profits during sales.

A Craigslist account is all that's required to create a listing on this gift card marketplace. Here are the procedures to follow in order to sell an Amazon gift card on Craigslist for cash.

1. Simply enter "Amazon gift card" into the search bar on the homepage to see how other gift cards are valued in comparison and to get an idea of how much your Amazon gift card is worth.
   
2. Select "Post" in the menu bar's upper right hand corner.
   
3. Find a home that is "for sale by owner"
   
4. Place your ad in the section labeled "general for sale - by owner."
   
5. Produce a cataloging
   1. Stress that you can only accept cash for purchases.
   2. Give a phone number for faster sales.
      
6. Put an ad on online classifieds like Craigslist.
   
7. If you don't keep an eye out for proposals and respond promptly, you could be losing business.

In order to avoid falling victim to a gift card scam when buying or selling on Craigslist, it is recommended that you meet in a public place and verify the balance of your Amazon gift card directly in front of the other party. Keep in mind that online purchases should always be made with caution.

Donate to Charity by Shopping on Amazon

Even if a gift card to Amazon isn't exactly what you need right now, your friends probably could. You can buy things with the balance on your Amazon gift card and have the recipient pay you cash for the item.

Invest your unused Amazon gift cards by using them to buy presents for the celebrations of others. Make better use of the Amazon gift card by selecting a considerate present for a friend rather than treating yourself. It's clever, and it keeps the money you would have spent on a present right where it belongs: in your pocket.

Do a Private Sale to Your Friends and Family

Announcing that you need to sell your Amazon gift card to friends, family, coworkers, etc. is likely the quickest way to convert your gift card into cash. In fact, by making a fair offer, you may end up with a better deal than if you had simply posted your request online.

Your Gift Card Can Be Re-Gifted

You can turn an Amazon gift card into cash by giving it to someone else, but you won't get any actual cash. Many people now prefer to do their shopping online, with Amazon as the most popular site. If you know someone who can't stop themselves from spending hours perusing Amazon's selection, an unused gift card would be a wonderful gesture. When giving an Amazon gift card to someone else, make sure the code hasn't already been used.

Various Forms of Currency Exist

Before looking for a way to turn your Amazon gift card into cash, you may want to reevaluate whether you really can't use it. The Amazon gift card is wildly popular, and for good reason. It's likely that whatever it is you're looking for, you can find it on Amazon.com.

You should have no trouble selling your Amazon gift card due to the company's large customer base. You can probably convert some or all of your digital funds into actual currency using one of the aforementioned methods.

In what ways can Amazon gift cards be maximized? Tell us in the comments section below!