Is Reselling Gift Cards a Good Way

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Is Reselling Gift Cards a Good Way to Make Money?
Man smiling while holding a gift card
Gift cards are very popular among some consumers, and buy armenia cell phone number list just the ones for major brands. It’s not difficult to get started reselling them. You may even have a few lying around. Many people ignore the gift cards they receive as freebies from various purchases and promotions and keep stacking them up, not realizing that they are sitting on pretty valuable items.



The main problem with this type of business is that your profit potential for each individual card is limited to its face value. If you have a gift card for $100, that’s the absolute upper limit to how much you can sell it for. Even 100% value is usually not a reasonable expectation, because if someone is willing to spend the full price on a card, they would just buy it from the company itself and avoid the additional complications introduced by dealing with a private seller.