Best Buy offers three types of gift cards; physical gift cards, Corporate gift cards, and Digital (eGift) gift cards. Best Buy also provides promotional gift cards for free to select customers. The gift cards come in amounts between $5 and $500 and they have no purchase fee or expiration date. You can use your Best Buy gift card to shop online (on the official Best Buy website) or in-store in any retail location in the U.S. Alternatively, you can sell your Best Buy gift card for cash.
Did you know?
- Some online bank accounts allow you to top-up your account with gift cards. Examples of banks where you can transfer money from gift card to bank account include the new online bank Revolut that is also available in the USA. The account is for free and also comes with premium features.
- Unused gift cards with a total value of over $1 billion go into waste every year. This is because gift cards have become very popular, especially during festivities as a way to give presents to employees, colleagues, friends and family. The average American has $116 in unused gift cards.
- Most popular categories of gift cards are restaurants, department Stores, prepaid cards (Visa/Master Card/American Express/Discover Gift Card), online stores such as Amazon gift cards, coffee shops and entertainment.
The Best Buy Gift Card Exchange
If you happen to receive a gift card from a retailer you do not like or if the items you want to purchase are not available in that particular store, you can decide to sell the gift card for cash online or in person, exchange it for another card, give the card to someone else, or purchase a product from the retailer and sell it online for money. At times, you may also use your Best Buy gift card once and the balance left may not be enough to purchase something else. In this case, you can sell or exchange your gift card for cash. However, it is best to know the Best Buy Gift Card Exchange policy which does not allow you to resell, trade-in, exchange, or to return cards for cash. The company does not also allow you to redeem half-used gift cards for cash unless it is required by law. This, however, does not mean you can never exchange or convert your gift card for money.
Best Ways to Sell Best Buy Gift Cards
You can exchange or convert your Best Buy gift card balance for cash in several ways. These include the listing your Best Buy Gift Card on an eMarketplace, sell at a gift exchange kiosk, exchange for PayPal balance, etc. Some of the way you can sell your Best Buy gift cards include the following:
You can sell Best Buy gift cards using BuyBackWorld. It is an online platform, which means all sales of Best Buy gift cards are done online and instantly. After your sale of Best Buy Gift card is successfully, you will get paid in cash with no fees withing 2 business days. You can also sell gift cards from other popular brands such as Barnes & Noble Gift Card, Shell Gas Gift Card, Tunes Gift Card, Starbucks Gift Card, Apple Gift Card, and Red Lobster Gift Card. You can can earn up to 50% off your purchases.
EJ Gift Cards
Ej Gift Cards is a marketplace where consumers can sell Best Buy gift cards. Apart from Best Buy, you can also sell gift cards from most popular brands in the US such as Target, Walmart, Starbucks, Nordstrom, Home Depot, Massage Envy, Victoria Secret and Kohls.
CardCash usually gives up to 92% of the gift card’s value in cash but the exact amount you get back depends on the brand of the card. The platform buys gift cards from a wide selection of retailers. With CardCash, you can also decide to exchange your Best Buy Gift Card for a different card. Doing this usually makes you retain more of the gift card’s value (usually up to 14% more on your card profitability).
Gift Card Granny
Gift Card Granny is one of the market leaders in trading gift cards. It gives you 3 different options to sell your Best Buy Gift Cards:
- Find A Location: This option allows you to sell your gift card for cash or trade it in for a different card at a gift card exchange location near you. You will be given an offer on the spot and if you accept it, you are paid instantly.
- Sell It Now: This option allows you to sell your Best Buy Gift Card quickly. Gift Card Granny will list the top gift card websites that will accept your gift card. You will get paid via PayPal, check, or direct deposit.
- Name Your Price: If you want to earn more for your gift card, select this option. All you are required to do is enter the card brand and the balance on the site and you’ll receive your money as soon as your card arrives at the Granny HQ.
Gift Card Outlets
Gift Card Outlets is a marketplace that allows you to buy or sell gift cards, gift vouchers, electronic and physical gift cards online from popular brands in the USA including Best Buy. You can sell Best Buy gift card with expiration date as long as the gift card has an expiration date at least 6 months in future and you mention this when making an offer.
Once you successfully submit your offer, Gift Card Outlets will respond within 2-3 business day with an acceptance, rejection or counteroffer notice to the email address provided in the offer form. The marketplace tries to verify and process your payment at the earliest after receiving all the requisite details and the gift card. Payments are made via check within 10 working days. In case of bulk sellers, payments can be made via ACH. At times, Gift Card Outlets may have to withhold your payment in order to validate the card.
Generally, the marketplace pays between 60%-90% of the value on the gift card. Once your gift card is accepted, you will know exactly how much payment to expect for your gift card.
Coingate is an electronic gift card store that offers Best Buy gift cards sold for crypto. You can buy Best Buy gift cards with Bitcoin and other cryptocurrencies using promo discounts. The platform allows you to spend Bitcoin and other virtual currencies to purchase e-gift cards from Best Buy and other stores such as Amazon, eBay and more. Coingate offers lower network fees because you can use Lightning Network option for Bitcoin transactions when buying gift cards.
Countries that Coingate supports are US, Canada, France, Finland, United Kingdom, Spain, Italy, Liechtenstein, Germany, Austria, Belgium, Ireland, Luxembourg, Switzerland, Russian Federation, Portugal, Netherlands, and India.
Gameflip is among the safest gift card exchange platforms where customers are protected from fraud. To sell you Best Buy Gift Card for cash on Gameflip, you will first need to create a Gameflip profile and make a listing of your gift card using their mobile app. You have full control over the price, though it’s recommended that you list your card at a discount of 2% to 15% of its value. Once the card sells, Gameflip transfers your money into your Gameflip wallet which you can withdraw using Payoneer, Skrill, Bitcoin, or Wise, formerly TransferWise.
eBay is a popular place to buy and sell things online, including Best Buy gift cards. eBay charges a fee for listing your card and a final value fee based on the selling price. There’s also an additional 2.9% fee for PayPal users, making the platform quite expensive to use. There are many hassles and risks associated with trading on eBay and you will need to be careful.
GiftCash allows you to sell both digital and physical gift cards from more than 150 brands, including Best Buy Gift Cards. You can get a quote on your Best Buy gift card before you decide to sell it. All the gift cards sold on GiftCash must have a value of at least $25 but some brands require a higher minimum value (such as iTunes, Petco, etc.)
You can sell your Best Buy Gift Card on the Facebook marketplace by listing the gift card locally where you meet the buyer or sell it internationally and ship it to the buyer. However, you will need to be careful of fraudulent activities. To avoid this do not show your card number or PIN number in your listing, don’t email or message the card number or PIN even after the buyer pays for it, and send the gift card to the buyer with a tracking number to address any shipping issues with ease.
Other Ways to Trade Best Buy Gift Card for Cash
Apart from selling Best Buy gift card on online marketplaces, you also have the following options to trade Best Buy gift cards:
Buy Items at Best Buy and Return them for Cash
You can choose to use your Best Buy gift card to purchase items in-store or online and return them later for the cash value. However, you need to be careful that you do not overdo it to avoid suspicion.
Sell to Friends or Family Members
You might not need stuff from Best Buy but there might be somebody you know who does. You can ask your friends to buy the Best Buy Gift card from you if they are interested in Best Buy items. Alternatively, they can simply use the gift card and repay you in cash.
Gift Card Bank is a philanthropic initiative started by a team of Stanford students and social entrepreneurs in response to the COVID-19 crisis. The charity collects donations of gift cards for essentials like groceries and clothing, and match them to people who are on the brink of financial duress.
Sell on Reddit
Reddit has a gift card exchange subreddit where you can list your Best Buy card, set your price and wait for buyers to purchase it. Alternatively, you can exchange your Best Buy Gift Card for another gift card.
Look for the Nearest Gift Card Exchange Kiosk
You can sell your Best Buy gift card in the nearest gift card exchange kiosks (bright yellow machines) in person and get instant cash. You can use Google maps, the Gift Card Bin Store locator, or the Target store locator to locate the nearest kiosks to trade your gift card for cash instantly.
Sell Best Buy Gift Card for PayPal
You can exchange your Best Buy gift cards for cash in your PayPal balance. To convert Best Buy gift card to PayPal, first go to the company’s website (CardCash, Gift Card Granny, or Cash4GiftCardsAmerica) and enter the merchant’s name and the gift card balance then click “Get Offer”. If an offer is available, you will see the amount of PayPal balance you can exchange with your gift card. Click “Continue” if you agree to the exchange offer and enter your Best Buy gift card number and PIN, and click “Connect with PayPal”. Next, log in to your PayPal account and fill in the required information and click “Get my PayPal balance”. The funds will reflect in your PayPal account in one business day. You can then use this balance to make payments, shop online, or transfer it to your bank account.
Final Thoughts on How to Sell Best Buy Gift Cards Instantly
If you happen to receive gift cards for stores you do not shop at, you can sell them for cash or convert them to PayPal. There are numerous ways to convert Best Buy gift card to cash or any other payment method. Make sure you do thorough research to find legit sites.