Every newbie in every industry has questions. That is fine. Rome wasn’t built in a day, and neither can any successful gift card business.
Among all the questions being asked by newbie gift card traders, you will be finding out the answers to four. Not because they are the most important (all questions are) but because they are usually the most recurring among newbies.
Here are 4 questions usually asked by gift card traders new to the industry.
1. Where do I trade my gift cards?
To be honest, there are multiple channels to trade your gift card. The problem is that, like every market, you will also encounter those who will either give you a shitty deal or are out to rip you off outrightly.
Platforms like social media, eBay and other e-commerce stores have several reliable buyers.
However, trading your gift card on a trusted and registered platform with adequate proof of work and business credibility is usually advised.
These businesses are usually registered and have online human presence and customer testimonials. One such business is Cardtonic, and so far, their customer base proves that they are an excellent place to start trading your gift cards.
2. How do I know how much my gift card holds?
This is one question the absolute newbies to gift card trading always ask. As simple as the answer may seem, it has determined whether many people decide to trade their gift cards or not.
The answer to this is simple…
To check your gift card balance, look at the back of the card. It’s usually there or on a sticker stuck to it, along with a toll-free number you can call if another option isn’t available. If not, go to the company’s website and type in 16 digits from your card (usually printed on the front or back) plus its security code.
3. What makes a specific gift card higher in resell value than others?
This is one of the first things you will notice when you start trading gift cards. Some gift cards have a higher resell value than others.
You can get about 85% of the card’s value for some. In other cases, however, you might struggle to get someone who will buy it at 50% of its original price.
This variation in resale price depends on the gift card’s demand and availability. In cases of high demand, a trader will get a very good value for their gift card. On the other hand, if many people have extra cards, sellers can expect less in return for their unused gift cards.
As a new person to the business of trading gift cards, you need to start on a platform that is simple to use and beginner friendly. The truth of any genius endeavour lies in its simplicity and it is best to trade on a platform with dedicated customer care which will help answer all your questions. This is why many use Cardtonic. For the best gift card rates as well as the most reliable service.