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:
Raise is the largest online gift card marketplace that accepts many gift card brands including Best Buy gift cards. Listing gift cards for sale on Raise is free and you can set your own selling price. When your card sells, Raise will charge 15% of the selling price as commission.
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.
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.
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).
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.