Can You Exchange Gift Cards for Cash? Explore Your Options

Discover if gift cards can be exchanged for cash and learn about regulations and marketplaces for selling them.

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In most cases, gift cards are non-refundable and cannot be exchanged for cash, except where required by law. Some states have regulations that allow for small balances on gift cards to be exchanged for cash. Additionally, there are secondary marketplaces online where you can sell your gift card for a percentage of its value, though this option usually comes with a fee.

FAQs & Answers

  1. Are gift cards refundable? Generally, gift cards are non-refundable, but some states allow cash exchanges for small balances.
  2. What are secondary marketplaces for gift cards? Secondary marketplaces are platforms where you can sell gift cards for a percentage of their value.
  3. Can all states exchange gift cards for cash? No, only certain states have regulations that permit cash exchanges for gift cards.
  4. What fees apply when selling gift cards online? Marketplaces for selling gift cards typically charge a fee that reduces the total amount you receive.

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