I saw an ad for a site called Plastic Jungle in the CVS flyer last week, and I finally got a moment to check it out (Daddy is doing bedtime!!). What a cool site!
Plastic Jungle will buy your unwanted gift cards for a percentage of the balance. I checked out few brands, and the payout was between 75-90%. The payout will depend on the brand demand and balance on the card, and I imagine they would pay more for an even amount ($50) than for an uneven one ($45.82). They would be easier to sell!
They then sell the cards at a discount as well, so you can buy a card for (they say) up to 35% off the value of the balance. The cards I looked at saved closer to 10%.
I think this could be a great deal as a buyer - if you know you are going to shop and spend money at a given store it would be a great deal to pick up a gift card and save 10% off the top. Or, if you like to give cards as gifts this could really save some money too! Selling cards is not as great a value, but I guess if you are not going to use it you might as well get some cash for it! Also, the pharmacies often run promotions close to the holidays where you can earn store rewards when you purchase gift cards. It might be possible to buy a card and earn rewards, then sell it for cash and break even:)
Plastic Jungle pays out via Paypal, check or in an Amazon gift card, and shipping is free (both for buyers and sellers). I just might try it out next time I know I will be shelling out some cash at a certain store!
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