Here are some tips and tricks for buying and selling gift cards on online marketplaces in 2023. In the spirit of increasing our income, we decided to share these tips to help you.

Look for discounts and cashback offers of gift cards:
Before buying a gift card, check for any discounts or cashback offers that may be available on financial platforms like your credit card company. Many online marketplaces also offer promotions and deals, so be sure to take advantage of them. Additionally, there are cashback apps and browser extensions that can help you earn cashback on your purchases and accord you gift cards.

Research the demand:
Before you list a gift card for sale, research the demand for that particular card. Look at the current market prices and the number of similar cards listed for sale. This will give you an idea of the competition and help you set a competitive price.

Be honest about the condition of the card:
When listing a gift card for sale, be upfront about the condition of the card. If there's any remaining balance or if the card is partially used, be sure to disclose that information in the listing. Buyers appreciate honesty, and it can help to avoid confusion and disputes.

Use high-quality images:
When listing a gift card for sale, include high-quality images of the card. This will help buyers see the condition of the card and will make your listing stand out from the competition.

Keep an eye out for seasonal fluctuations:
Some gift cards tend to be more in demand during certain seasons. For example, gift cards for restaurants and cafes tend to be more popular during the summer, while gift cards for clothing retailers tend to be more popular during the holiday season. Try to capitalise on these fluctuations by buying and selling gift cards at the right time.

Be aware of expiration dates:
Some gift cards have expiration dates, so be sure to check for them before buying or selling. If a gift card is about to expire, it may be more difficult to sell, so be prepared to lower the price.

If you are able to follow these simple tips, you are well on your way to starting a gift card business. To be safe, ensure to use platforms like Cardtonic that secure your trade and ensure you get the best value for your gift card.

How to Start Selling Gift Cards

1) Create an Eye-Catching Gift Card Design
2) 2) Make your Gift Cards Easy to Use
3) Get the Word Out About your Custom Gift Cards