Valuable Tips on Buying Gift Cards Online

[Asad shaikh]

Many people have saved hundreds of dollars by cleaning the internet for used gift cards that can be bought, sold and traded in online at incredibly low prices.

Purchasing a pre-owned card is likely to be one of the most popular presents to date, generating about twenty thousand dollars in overall retail sales during the holidays each year. Many experts expect a total of 60 thousand more will be spent on store brand specific cards the following years.

However, a rarely known simple truth is that approximately 10% of the dollars on all those sold cards actually goes unspent. As a result, many sellers have suddenly leapt up online creating a little known supplementary market for these popular items. OneVanilla Many analysts estimate this to be an additional 2 thousand dollars more in additional sales.

For the buyers, these private and professional sellers present an amazing chance to buy one at savings of anywhere from 10 to even 50 percent off the original face value. All of these cards can be fond of friends and family or redeemed for store merchandise. For the traders, this can be a simple way to exchange an undesirable gift card for a more desirable one from a store that they actually prefer without the original provider ever knowing anything about it. For the sellers, it is a rarely quick and easy way to get cash for their unused card.

As a note of caution, gifting card exchangers need to be extra cautious when trading cards. While the majority of online sellers are legitimate, the supplementary market is still a developing business. Even though a large choice of policies and defenses, a transaction is only as safe as the people who mutually participate in it. Furthermore, there is still the very real concern in terms of thieved merchandise and fraud.

Currently, there are many different business models when it comes to buying resale cards online. A more careful look into this matter reveals that there are an escalating number of reputable online market places such as ebay.

One can also purchase these cards online at specific card trading websites but all of this generally comes at a price. Although it varies from website to website, these used card specific sites usually require users to pay a registration fee, usually about fifty cents to some dollars, or a transaction fee of 3-8% of the gift card's total value. Many of the sites charge a combination of both, which can really eat into the overall value of your card.

Another fact to be wary of is that all gift cards are not traded in equally. Paying close awareness of the market demand will allow you to in your search for that perfect pre-owned card.