Top Websites for Selling Gift Cards Online in Canada (2024)

Do you have a drawer overflowing with unused gift cards? Perhaps you received a gift for a store you don’t shop at, or maybe the card simply expired. Whatever the reason, there’s no need to let those cards gather dust!

The good news is that you can convert them into cash through various online platforms. This article explores the top 10 websites in Canada that allow you to sell your unwanted gift cards for a quick financial boost.

Important Links
1. The Most Affordable Universities in Canada for International Students in 2024
2. Top 15 Small Cars in Canada for 2024 and Where to Find Them
3. How to Write a Cheque in Canada: Simple Step-by-Step Instructions
4. List of Bank Numbers in Canada for May 2024

Dedicated Gift Card Exchange Platforms

  1. Card Swap (Canadian-based): Established in 2010, Card Swap is a Canadian leader in gift card exchange. They accept cards worth $25 or more from over 450 retailers, offering payouts of up to 92% of the card’s value. Their user-friendly process involves entering your gift card details for an instant quote, mailing the card with a free pre-paid shipping label, and receiving payment via cheque or redeemable SwapPoints credit.
  2. GiftCash (Canadian-based): Operating since 2009, GiftCash is another prominent Canadian platform for selling gift cards. Their straightforward approach involves sharing your card details (brand and balance) to receive a quote. Once accepted, you mail the card and receive payment through PayPal or cheque within a few days. GiftCash offers competitive rates and deals with a wide selection of gift cards from major Canadian retailers.
  3. Gift Card Granny (International): Gift Card Granny provides a versatile platform for selling unwanted gift cards in Canada. They offer three unique options:
    • Direct Sell: Receive a quick payout by selling your card directly to Gift Card Granny.
    • Marketplace Listing: Take control by setting your own price and managing the sale through their online marketplace.
    • Trade-In: Swap your unwanted gift card for a different retail gift card of your choice.

No fees are involved in the direct sell option, and you can receive up to 92% of the card’s value.

General Online Marketplaces

  1. Facebook Marketplace (Free): This widely used online platform allows you to connect with local buyers interested in purchasing your gift cards. Listing on Facebook Marketplace is free, eliminating concerns about shipping or additional fees. Remember to include clear photos of both sides of the card and the brand’s terms and conditions for a smooth transaction. To ensure safety, arrange to meet the buyer at a public location and consider bringing a friend for added security.
  2. Kijiji (Free): Kijiji, a popular Canadian classifieds website, facilitates local connections between buyers and sellers, allowing you to sell your gift cards directly. Posting an ad with a clear photo, an honest description of the card’s condition, and the remaining balance is key to attracting potential buyers.

Auction and Classifieds Websites

Top Websites for Selling Gift Cards Online in Canada (2024)
  1. eBay (Fees Apply): If you’re comfortable with online auctions, eBay offers a platform to sell your gift cards. You can choose between auctioning your card for the highest bid or listing it for a fixed price. While listing fees are waived, closing fees apply at 10% of the final sale price for auctions and 5% for fixed-price listings. Despite the fees, some users prefer eBay’s established reputation and large audience for their transactions.
  2. Craigslist (Free): Known for its free classifieds ads, Craigslist allows you to post ads selling your gift cards. There are no limitations on the number of ads you can post or their duration. However, since Craigslist lacks buyer verification systems, exercise caution when meeting buyers. Always arrange to meet in a public space with a friend or two for added security.

Alternative Solutions for Gift Cards

  1. Gift Card Exchange with Friends: If you have a gift card for a store you don’t frequent, consider swapping it with a friend who might shop there. This is a win-win situation as both of you get to use a desired gift card.
Important Links
1. Top Profitable Franchises with Low Costs to Open in Canada
2. The Top Deals for Opening Brokerage Accounts in Canada (May 2024)
3. The Top 5 Platforms for Day Trading in Canada (May 2024)
4. The Top Online Platforms for Trading and Brokering in Canada (2024)

Considerations When Selling Gift Cards Online

  • Security: Regardless of the platform, prioritize safety when selling gift cards online. Be wary of unsolicited offers and avoid sharing personal information beyond what’s necessary for the transaction.
  • Fees: Compare fees associated with different platforms before choosing where to sell your gift cards. Consider factors like listing fees, payment processing charges, and shipping costs (if applicable).
  • Payment Methods: Ensure the platform offers a convenient payment method that suits your needs, such as PayPal, cheque, or direct deposit.
  • Minimum Value: Some platforms might have minimum value thresholds for selling gift cards. Check the platform’s policy to avoid any surprises.

Leave a Comment