Gift cards are a popular way to give someone a present, but what happens when you receive a gift card for a store you don’t like or don’t have access to? Fortunately, there are options for selling gift cards, including pawn shops. But do pawn shops buy gift cards, and if so, how much can you expect to receive? In this article, we’ll explore the answers to these questions and more.
Can You Sell Gift Cards at Pawn Shops?
The short answer is yes, you can sell gift cards at pawn shops. Many pawn shops accept gift cards from popular retailers such as Amazon, Target, and Walmart [1]. However, it’s important to note that not all pawn shops buy gift cards, so it’s best to check with your local pawn shop first.
How Much Do Pawn Shops Pay for Gift Cards?
The amount that pawn shops pay for gift cards varies depending on the retailer and the pawn shop itself. Generally, pawn shops pay between 40% to 75% of the gift card’s face value [1]. For example, if you have a $100 gift card, you could receive anywhere from $40 to $75 at a pawn shop.
It’s important to keep in mind that pawn shops are in the business of making a profit, so they will offer you less than the full value of the gift card. However, selling your gift card to a pawn shop can be a quick and easy way to get cash in hand.
What Other Options Do You Have for Selling Gift Cards?
If you’re not comfortable selling your gift card at a pawn shop or want to explore other options, there are several alternatives available. One option is to sell your gift card online through a website such as CardCash or Raise. These websites allow you to sell your gift card for a percentage of its value, and then the website resells the gift card to someone else [4].
Another option is to sell your gift card at a check-cashing store such as Check Into Cash. These stores will buy new and unused gift cards from hundreds of major retailers, including Walmart, Target, and Starbucks [3].
Finally, you can also try selling your gift card on social media or online marketplaces such as Facebook Marketplace or eBay. However, be cautious when selling gift cards online, as there are many scams and fraudulent buyers out there.
Tips for Selling Your Gift Card at a Pawn Shop
If you’ve decided to sell your gift card at a pawn shop, there are a few tips you should keep in mind to ensure that you get the best price possible. First, do your research and find out what the gift card is worth before you go to the pawn shop. This will give you an idea of what to expect and will help you negotiate a better price.
Second, be prepared to provide identification and personal information when selling your gift card at a pawn shop. Pawn shops are required by law to collect this information, so don’t be surprised if they ask for it.
Finally, be prepared to negotiate. Pawn shops are in the business of making a profit, so they will try to offer you the lowest price possible. However, if you’re willing to negotiate, you may be able to get a better price for your gift card.
Conclusion
In conclusion, pawn shops do buy gift cards, and the amount they pay varies depending on the retailer and the pawn shop itself. While selling your gift card at a pawn shop may not get you the full value of the card, it can be a quick and easy way to get cash in hand. If you’re not comfortable selling your gift card at a pawn shop, there are other options available, including selling your gift card online or at a check-cashing store. Whatever option you choose, be sure to do your research and negotiate to get the best price possible.
