Ever gotten a gift card you just have no use for? Now there is an easy way to turn that card in to cold hard cash.
Okay, I’ll admit it, I saw this site on Shark Tank tonight, but I thought it was such a great idea, and something I hadn’t heard of, so I had to share it. GiftCardRescue.com is a site that will buy your unwanted gift cards from national chains for approximately 65 percent of its face value. Once they receive your card, they pay you within 24 hours of receipt via PayPal.
The site then takes that card and offers it for sale to other people for anywhere from 7 to 20 percent off the face value. For instance, the site currently has an Ann Taylor gift card with a face value of $300 that can be purchased for $240 with free shipping. So, in other words, you essentially get to shop at Ann Taylor and receive an instant discount of 20 percent on whatever you choose to purchase. Not too shabby if you ask me.
Seeing as the gift card industry has hit $80 billion in sales annually, and $8 billion of those cards go unused each year, this is a win-win situation for both sides of the transaction. College students get tons of these cards at Christmas, imagine what a university student can do with the cash that mom and dad don’t know about… what?!? Stop looking at me like that! I’m just mentioning one potential use!
Joking aside, we here at StarterTech love the idea of this site and think it is well worth your time to check out.
