{"id":1702,"date":"2019-04-19T02:23:00","date_gmt":"2019-04-18T18:23:00","guid":{"rendered":"https:\/\/www.coincola.com\/blog\/?p=1702"},"modified":"2019-06-18T19:20:21","modified_gmt":"2019-06-18T11:20:21","slug":"how-can-you-sell-gift-cards-that-are-more-than-face-value","status":"publish","type":"post","link":"\/blog\/how-can-you-sell-gift-cards-that-are-more-than-face-value\/","title":{"rendered":"How Can You Sell Gift Cards That Are More Than Face Value"},"content":{"rendered":"\r\n

<\/p>\r\n

Every single year, $1 billion worth of gift cards go unused. This is regrettable – especially because knowing the right place to sell your gift card can net you a tidy profit. You can even sell your cards for more than face value <\/strong>if you know the right market.<\/p>\r\n

\r\n\r\n<\/p>\r\n

In this article, we\u2019ll explain why some cards sell for more than face value; how you can reach buyers prepared to pay extra for your cards; how to avoid getting scammed in the process. Let\u2019s start with\u2026<\/p>\r\n

\r\n\r\n<\/p>\r\n

Why some cards sell for more than face value?<\/strong><\/h2>\r\n

\r\n\r\n<\/p>\r\n

\"Gift<\/figure>\r\n

\r\n\r\n<\/p>\r\n

There\u2019s one main reason people buy gift cards for more than they\u2019re worth: lack of access.<\/p>\r\n

\r\n\r\n<\/p>\r\n

One major market where people don\u2019t have access is China. There, people can\u2019t freely buy iTunes cards, shop on Amazon, or sign up for Netflix – so they\u2019re happy to pay extra to get a gift card from someone who can. Since the market is huge, it\u2019s easy to find Chinese buyers if you know where to look (more on this later).<\/p>\r\n

\r\n\r\n<\/p>\r\n

Another reason folks overpay for gift cards is a lack of banking access. Many people just can\u2019t get the debit or credit card they need to pay for popular services (like the ones listed above). As a result, they\u2019re also happy to overpay to buy gift cards.<\/p>\r\n

\r\n\r\n<\/p>\r\n

The only problem is\u2026<\/p>\r\n

\r\n\r\n<\/p>\r\n

The risk of getting scammed<\/strong><\/h2>\r\n

\r\n\r\n<\/p>\r\n

\"Avoid<\/figure>\r\n

\r\n\r\n<\/p>\r\n

Gift cards can be a little tricky to sell. Once you give someone a scan of your card, or the code that gives access to your funds, there\u2019s no guarantee they\u2019ll reciprocate by sending money your way.<\/p>\r\n

\r\n\r\n<\/p>\r\n

That\u2019s why it\u2019s important to look for a marketplace that offers 2 things. The first is Know Your Seller\/Customer controls that help make sure every trader\u2019s real identity is known. This helps stop people from using their online anonymity to defraud gift card owners.<\/p>\r\n

\r\n\r\n<\/p>\r\n

Another important thing to look for is an escrow system wherein money only gets released once the seller and buyer have both confirmed the transaction.<\/p>\r\n

\r\n\r\n<\/p>\r\n

A quality escrow system should have two things. First, a simple process that stops funds from getting released until both sides are happy with the purchase. Second, a process for settling disputes.<\/p>\r\n

\r\n\r\n<\/p>\r\n

These security measures aren\u2019t just good for avoiding scams. They can also increase the value of the cards you sell because users are prepared to pay a premium to know for sure that they\u2019re going to get what they paid for.<\/p>\r\n

\r\n\r\n<\/p>\r\n

Accessing the best gift card markets quickly and safely<\/strong><\/h2>\r\n

\r\n\r\n<\/p>\r\n

\"Best<\/figure>\r\n

\r\n\r\n<\/p>\r\n

Usually, finding ways to sell your gift card about face value takes time and effort. To wit, the biggest, most lucrative resell market – China – is off-limits because the country has a separate, tightly regulated Internet network separate from the world wide web.<\/p>\r\n

\r\n\r\n<\/p>\r\n

Fortunately, Hong-Kong based CoinCola has many gift card buyers based in China. For a small premium, these teams and individuals help Westerners trade their cards in above face value – and without having to break Chinese laws.<\/p>\r\n

\r\n\r\n<\/p>\r\n

Moreover, CoinCola has a quality KYC process for buyers and sellers – and processes over 100,000 transactions each month. Given so much volume, the company has an excellent reputation for being secure and trustworthy.<\/p>\r\n

\r\n\r\n<\/p>\r\n

\r\n
\"sign<\/a><\/figure>\r\n<\/div>\r\n

Follow CoinCola on Social Media<\/strong><\/h3>\r\n

Twitter: https:\/\/twitter.com\/CoinCola_Global<\/a>
Facebook: https:\/\/www.facebook.com\/CoinCola\/<\/a>
Instagram: https:\/\/www.instagram.com\/CoinCola\/<\/a>
LinkedIn: https:\/\/www.linkedin.com\/company\/coincola\/<\/a><\/p>\r\n

About CoinCola<\/strong><\/h3>\r\n

Founded in 2016, CoinCola is a Hong Kong based company offering both over-the-counter<\/a> cryptocurrency trading and crypto-to-crypto pair trading exchange<\/a>. CoinCola now serves millions of users from over 150 countries with our fast, secure, and reliable trading services. We support BTC, ETH, BCH, LTC, USDT, DASH, and XRP. Visit www.coincola.com<\/a> to invest in digital assets.<\/p>\r\n

Disclaimer: Trading and investing in cryptocurrencies, also called digital currencies, crypto assets, and so on) involves substantial risk of loss. All informations are used at your own risk, and any content on this site should not be relied upon as advice or construed as providing recommendation of any kind.\u00a0<\/em><\/p>\r\n

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