Re-gifting the Gift Certificate

Tue Jan 2, 2007 10:01AM EST

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Did you get a gift certificate or gift card for the holidays? They've become quite the mainstay for folks who want to give something a bit more meaningful and festive than cash. But they can be the gift you'd rather not have. An L.L. Bean gift card doesn't cut it for a fleece hater; the Williams-Sonoma card doesn't do much for the non-cook. Maybe you'd just rather have the cash? Maybe you've got a pile of expired gift cards you're always forgetting to use and hate the thought of adding another one?

Whatever the reason, there are a bunch of places on the web where you can buy, trade, swap, and auction gift cards and certificates. Typically, a card or certificate sells for a little less than the face value of the card. So, for example, a $50 Barnes & Noble certificate might be listed for $45. Typically, there's also some sort of transaction fee, usually for the seller. Sometimes it's a fixed price and sometimes it's a percentage of the transaction.

Here are some of the sites I stumbled across as the subject of unloading unwanted certificates came up over our holiday.

CertificateSwap lets you register and list your certificate for free. When it sells, there's a 7.5 percent processing fee for the seller.

Cardavenue lets you buy and sell, but you can trade or auction too. The auction is handled much like an eBay auction. CardAvenue takes 3.9 percent of the transaction. If you want to trade you can specify what card you'd like to trade for and they'll notify you.

Gift Card Buy Back will simply buy your card from you for a percentage of its value, and it lists the percentages it'll pay. Then it lets you buy a gift card as much as 20 percent off of the face value, so it all evens out.

Swapagift.com offers immediate cash for your cards and posts a list of how much it'll pay (anywhere from 60 to 75 percent of the value on the card seems to be the average). Or you can pay a flat fee of $3.99 and sell your gift card directly to another site user.

GiftCardBazaar, like Swapagift, buys your card for a straight 68 percent of its value or will give you a credit toward buying another gift card from their site at slightly better rate.

Two great blog posts that do a good job of covering the re-gifting certificates territory come from ProBargainHunter and The Tao of Making Money.

Be forewarned. There are plenty of ways to get scammed when buying and selling gift cards. After all, you're buying a piece of plastic that's like cash, only you have no way of verifying what's on the card until you go to spend it and you face things like expiration dates. The FTC offers some cautionary advice for using gift cards.

Comments on Re-gifting the Gift Certificate

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  • 1 Posted by tawnya_tomasli on Thu Sep 3, 2009 9:57PM EDT Report Abuse

    ussually the gift card would come from someone who uses the company of the gift card so if there is nothing you can find, then use it for that person who did the giving.

  • 2 Posted by mluvw47 on Thu Sep 3, 2009 7:23PM EDT Report Abuse

    For those gift card that you don't wnat it. For me, I usually wrap the gift card along with the gift I will give away, hope the person would find it is useful. Or the fast way, bundle them and put them on ebay.

  • 3 Posted by secretshadow01 on Thu Sep 3, 2009 9:12PM EDT Report Abuse

    In the State of California, there is no expiration on gift cards and many states are outlawing the minimal non-usage fee (after x amount of days).

  • 4 Posted by cons_are_libs on Thu Sep 3, 2009 3:29PM EDT Report Abuse

    I used my gift cards to buy Valentines for family. I didn't need anything after Christmas.

  • 5 Posted by shortyd9742000 on Thu Sep 3, 2009 9:21PM EDT Report Abuse

    hello. if you guys dont use these you guys are not only too picky and selfish but also sorry excuses for human beings they went out of ther way to get these cards.

  • 6 Posted by dudeisbored2004 on Thu Sep 3, 2009 3:49PM EDT Report Abuse

    I hate getting gift cards and would much rather be gifted the cash (with a note apologizing for the lack of thought or creativity). Personally, I've been gifted gift cards to places that I try to avoid at all costs (Best Buy, Barnes & Noble) and think the stores should just let you return them for the money initially spent on them (say within 2 weeks of purchase).

  • 7 Posted by charlissas on Thu Sep 3, 2009 3:22PM EDT Report Abuse

    Mr. Shortyd9742000, I highly doubt that anyone went out of their way to buy someone a gift certificate. They are available at almost all retailers and even at most gas stations. Nice try!

  • 8 Posted by ismiley67 on Thu Sep 3, 2009 4:25PM EDT Report Abuse

    hey b glad someone gave you a gift. means they yhought of you. Give to a friend or buy gifts for someone else.

  • 9 Posted by cinderella6941 on Thu Sep 3, 2009 3:25PM EDT Report Abuse

    I agree with ismiley. Just feel glad that someone remembered you. If you do not shop there and someone you know does, then use the card to buy a gift for someone else. I help an elderly lady out sometimes and she wanted to return the favor. So she bought me a gift card to a gas station I avoid. But I went there until the card was gone because I knew it was the one closest to her home and the only one she can really go to without me taking her.

  • 10 Posted by elynne85 on Thu Sep 3, 2009 3:54PM EDT Report Abuse

    Use the gift cards and give the items you don't really need or like to charity.. You won't waste anything and in fact, you're probably helping someone else..

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