Selling A Walmart Gift Card

ShoppingTips & Advice

  • Author Fred Redding
  • Published June 3, 2011
  • Word count 888

Do you have a gift card you don’t plan on using anytime soon? Do you tend to misplace gift cards before they are used or just let them gather dust in your sock drawer? If this describes your gift card redemption habits then you should consider selling your Walmart gift card. That’s right, you can get sell your Walmart gift card and get cold hard cash in return. Of course you will likely have to sell the gift card at a discount from the gift cards total balance but even doing this you are likely to come out ahead. Anyone who has gone to a financial advisor has heard the speech about liquid and illiquid assets, think of your gift card as an asset or investment. Holding a Walmart gift card is a lot like holding stock in Walmart, just stock that does not earn any interest, might be lost/stolen or in some states may even expire. You could hold the Walmart gift card for months on end, but as an asset it is not giving you any value. Now if you turn the card into cash you are free to buy something you need wherever you want, you can put the money in the bank, invest it or use it towards a vacation. It all comes down to what you value more, some potential future purchase at Walmart you may never make or whatever you would consume or invest in today if you sold your gift card.

If you have decided to sell your Walmart gift card then the first thing you will need to do is check the Walmart gift card balance. This is easy enough to do, you can check the balance of a Walmart gift card by phone, online or in the store. The easiest thing to do is flip your gift card over and read the information on the back of the gift card. It will definitely have instructions for checking the Walmart gift cards balance online, by phone, or both. After you know your cards balance it is time to decide where and how you want to sell your gift card. There are many ways you can find a buyer for your Walmart gift card in this article we will look at the easiest way to sell your gift card that brings you the maximum return.

By far the best way to sell your gift card is online. There is a website called Giftah.com that lets you sell Walmart gift cards or gift cards from just about any place that issued gift cards in the United States or Canada. The website pays you a percentage of your gift cards balance in cash. They will pay you by check or Paypal depending on your preference. The best part about selling your gift card on Giftah is the simplicity of the process. It took me less than two minutes to sell my card and the payment arrived very quickly. Unlike some of the other methods for selling gift cards the nice thing about selling your card online is that you don’t need to exert the time and energy to track down a buyer for your gift card. After all time is money.

You can also consider selling your Walmart gift card by listing it on Craigslist, Kijiji or another local classifieds online or in a newspaper. People who prefer to sell their gift card locally use this option, however it takes a significant amount of work and time for the card to be sold. You must list and ad, if it’s in a newspaper there may be a small fee. Then you wait for a response, if you are lucky and get a response you can than schedule a time to meet the person who would like to buy the card. Remember safety first! Be sure always meet people in a public area where you feel safe.

Finally you can choose to list your gift card in an auction format. The most popular auction website is Ebay. If you don’t have an account on Ebay you will need to sign up, this takes about 10-15 minutes for an account to be created. It will take a lot of browsing to become familiar with the way Ebay works, your card may also not sell if you don’t have any previous transactions on Ebay. The site uses a feedback system to measure how trust worthy a user is, it’s a good feed back system but can be difficult if you are just starting out on the site. Also keep in mind that Ebay has fees associated with it, at the time of writing ebays fee for an auction is 8% of the total plus a listing fee that varies depending on which type of auction listing your choose. Also you will need to make sure you mail your gift card with a tracking number to make sure you have a record of the buyer receiving the card.

These are the three easiest ways to sell a Walmart gift card, simply choose which option is most convenient for you. It does take a small amount of effort but before you know it you will turn that illiquid gift card into the best liquid asses of all, cold hard cash.

Fred Redding is a freelance author located in Toronto, Canada and writes about eCommerce, personal finance, and prepaid cards. Relevant links to this topic include; Sell a Walmart gift card and Ebay

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