At the same time, the group recognizes the risks associated with using third-party resellers like gift card exchange websites. The RGCA was founded in 2008, and its goal is to grow and preserve the gift card industry. “If I’m a retailer it’s great for me because then the person who has my card is going to shop with me versus throw it in a drawer,” Hodges said. She said opinions differ by retailer, but most are in support of exchanges. Marina Hodges, chair of the Retail Gift Card Association said the group is made up of about 90 members representing retailers, card producers, gift card exchanges and others. Physical cards are growing at an annual rate of 6% but digital cards are doing the same at a rate of 200%, according to CardCash. On the other hand, if there is a high demand for a small number of cards, the discount will be less. The more of a certain card a website has, the more of a discount they’ll offer on it. That’s because it’s a supply-and-demand market. The payout for selling a card and the discounts available when buying them seem to fluctuate almost daily. We’ve been reviewing gift card exchange websites since 2010, and we know it can seem like a roller coaster. Whilst not accredited, an A+ BBB rating indicates a high level of customer satisfaction - one of the major perks of GiftCardBin in comparison with leading sites. We saw some impressive savings with GiftCardBin, so it’s worth signing up for alerts in case any of your favorite retailers crop up with a great deal. That said, you’d need to be confident in making a large purchase for this deal to pay off. We saw discounts as high as 31% during our testing, which meant you could buy a $140 Lane Bryant card for less than $100. You can also get vouchers printable at home and redeemable in-store for certain retailers. Digital cards will appear in your account within two business days - longer than some promise. You can buy electronic or physical gift cards and if you choose the latter you can expect it in the mail within ten business days. You can search by discount, store, category or your own favorites once you create an account. If the other companies we tested aren't giving you the results you want, you might want to consider GiftCardBin. GiftCardBin: Good for customer satisfaction Once you've picked which gift card you want, you'll have to ship yours in before getting the one you swapped it for in the mail.Ħ. If you'd rather trade for a different gift card you simply click that option after providing information about the card you no longer want. You'll receive payment via a check in the mail or through PayPal. If this isn't too much of a hurdle for you, CardKangaroo is a great gift card swap option. This company is unique in that you'll receive a shipping label and be asked to mail your gift card in, rather than simply providing the card's number and other information. If you're looking to sell cards you simply select the merchant, value of the card and get an offer from the website. They accept major credit cards as well as PayPal. CardKangaroo guarantees the stated balance up to $500 of purchased gift cards for 100 days from the day you buy them. You can use this website to buy, sell or trade your unwanted gift cards or simply check the remaining balance of a card you found in your wallet. Card Kangaroo has an inventory of about 1,300 cards as of last November and has served nearly 59,000 customers.
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