Is it possible to cash in a gift card

The easiest way to check the balance of your gift card is to look at the back of the card and either call the telephone number or go to the website listed. There is no way to key in the card number. If your gift card is an odd shape, too big, too small, has cut-outs, or is a printout of an electronic gift certificate, you might not be able to see it at the kiosk.

The Gift Card Exchange kiosk will check the balance of the gift card before accepting it. Grocery store, gas station and large department store gift cards such as Target or Walmart generally fetch higher resale values than gift cards to smaller retailers. You can choose to accept the offer. Once you successfully enter the card information, the Gift Card Exchange machine will make you an offer for the card.

Take the Gift Card Exchange receipt to the customer service counter or to a cashier who will scan the receipt and give you cash in return! While we were at the grocery store selling this gift card, a customer approached me with three questions about how the Gift Card Exchange kiosk works. I think her concern and questions are pretty common, so I want to answer them here as well. Check out all of our current gift card deals! Payout options: Bank account, debit card, or Bitcoin Wallet. Retailers accepted: More than brands and valid prepaid cards.

Retailers accepted: More than 1, brands. Payout value: You set the value of your gift card! According to a recent Bankrate survey , half of U. Want to turn your old gift cards into cash? Here are a few ways you can make money off of unwanted gift cards:. Companies like Raise and CardCash let you sell gift cards for as much as 92 percent cash back. Reputable gift card resale sites also ensure that your gift card transactions stay safe with money-back guarantees and fraud protection.

Why is this important? If you sell gift cards person-to-person, you could run into online scammers or people who take your gift cards without giving you your promised payment. CardCash, for instance, lets you trade in your gift cards for gift cards of the same value—or, in some cases, cards worth up to 7 percent more.

Instead, take some time to learn which rewards redemption methods offer the biggest bang for your buck. Rather than collect a stash of gift cards that are unwanted, find the method that works for you and turn the card into cash you will actually use.

How We Make Money. Nicole Dieker. Written by. Edited By Grace Pilling. Edited by. Grace Pilling. Reviewed By Emily Sherman.

Reviewed by. Additionally, promptly report a lost or stolen card to ensure you recoup the entire value or whatever is left. And, of course, be wary of gift cards from retailers in or nearing bankruptcy. Spend every penny. After you've used some of the value on a gift card, you can liquidate small unspent balances by requesting a "split tender" payment the next time you shop at that retailer.

First, pay with the gift card to use up the balance, and then pay the rest with cash or a credit or debit card. Find your state's gift-card laws on the National Conference of State Legislatures website.

ET, or check listings for air times in local markets. More from Personal Finance: How to make sure a balance-transfer card will help you pay down your debt 3 steps to keeping your resolutions to spend less, save more Employees spend nearly 2 hours a day shopping online at work: Study. Skip Navigation.