How to Sell / Buy Gift Cards Craigslist
Did you know you could sell your gift cards. You can use other websites but I recommend Craigslist.com as it is LOCAL, FAST and FREE. Gift Cards have limited time before they start losing value. If you are buying reverse the selling process and read my resources articles
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Things You'll Need
- Craigslist.com account
- Computer
- Cash
- Ebay.com account if you prefer it will cost about 5.00 to sell
Instructions
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Set up account with Craigslist.com in your area. Look at listings for similar gift cards and get an idea of the price. Use search term "gift card" in quotes. Most will be about 70% of face value of gift card. Some gift cards will be as low as 50% of face value.
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List your item and don't worry about adding a picture. Price your card to market value. Make sure to include that all sales are cash only. Use your phone number for quicker sales.
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After listing your card, check your email frequently. Sales will be lost if you are not responding quickly enough to email requests. Using the phone is quicker and you can leave message and return calls.
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Meet with buyer at the store. With use of cell phone it should be easy to arrange meeting and direct to exact location. Expect to deal in cash. Make sure buyer knows this up front. Do you know how to spot forged money? Most people are honest but it doesn't hurt to learn about money.
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While buyer is watching, check validity of card with store clerk. The buyer can then pay you and have the card reissued. Buyers should always be in the habit of having card reissued.
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Buyers should get ID from the seller to protect in case of fraud. There are some cards that have a higher theft resell rate such as American Express. Take the precaution and ask to record seller information from picture ID.
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Sellers, after leaving the store make sure to set voice-mail messages with a greeting indicating the card is sold. Then let all unknown calls revert to voice mail. Make sure to end your listing with Craigslist or Ebay.
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Tips & Warnings
follow Gut Instinct
buyers always verify gift card; get seller id
use cash
If more people call after arranging a meeting, keep a list in case sale falls through
If listing on ebay you can list for local sale and pickup only
Resources
- Photo Credit creative common license: flickr killerbeez
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Comments
View all 29 Comments-
Butterfli
Mar 01, 2009
Very good idea! Thanks! -
newmama
Feb 08, 2009
What a great idea. YOu could even do this with partially used gift cards!
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kaseysviewblog
Jan 18, 2009
That's an excellent idea!
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Sarah Wilson CCRP
Jan 18, 2009
Great article on buying gift cards. I use them all the time. I prefer them to entering my own cc info.
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HardworkinJudy
Jan 17, 2009
Great article. Sounds like you covered all your bases.
