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Is the selling of gift cards a lucrative bussiness?

Josemendez

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Gift cards is one of the common exchange method used by sites both online earning sites and online shops .
Some people deal on selling and buying of gift cards . They buy at cheaper rate from people and in some cases sell at high rate .
Is this bussines lucrative ? , does such bussines yield much gain after settling the charges involved in them .
 
Most sites pays with gift cards and as such anyone going into buying and selling should find it lucrative, since a lot of people will want sell the ones they have gotten and others will want to buy for their loved ones. whichever way money will be made provided it was sold at a profit.
 
The business is very lucrative especially if you get to buy enough gift cards daily at cheaper rate from people who don't really know how they can convert to their local currency. You could be making $20 or more daily.
 
I have seen many people buying vouchers from some sites for discount price and they sell them for higher price in other sites or forums. I think it is very profitable.
 
I have seen many people buying vouchers from some sites for discount price and they sell them for higher price in other sites or forums. I think it is very profitable.
It is lucrative but ensure you do your findings very well, if you want to give it a shot , start little and see how it goes . I once make money similarly on trading Cryptos currency too.
 
I appreciate a sincere question so I will help you.
Yes it is, like any other business, you need a lot of business leads continuously so don't break the leads flow and don't break the cash flow.


buy whole sale gift cards from gamecarddelivery and sell them retail in fiverr, legiit, freelancer. that's about it
How would you do that though? I'm not very knowledgeable when it comes to finding those sites or knowing where to sell them at. Sorry if I sound dumb
 
How are you saving or making money when you pay $54 for a $50 gift card? I don't buy gift cards so I don't know how that works. I just earn digital versions from various sites.
 
Ok so like when I cash out from say Swagbucks, then cash out to a gift card and then sell on one of those sites? Or should I just do it with the sites that pay in gift card (not payPal ) only. Sorry I'm so dense on this.
 
Ok so like when I cash out from say Swagbucks, then cash out to a gift card and then sell on one of those sites? Or should I just do it with the sites that pay in gift card (not payPal ) only. Sorry I'm so dense on this.
It depends on what works for you, if you have payment in the form of giftcard and you need your cash or fund in $ or local currency, just send the gift card voulcher to those buying and selling online for your payment.
 
It depends on what works for you, if you have payment in the form of giftcard and you need your cash or fund in $ or local currency, just send the gift card voulcher to those buying and selling online for your payment.
Ok cool. I think I got it now. So on the sites I do that only offers gift cards and not PayPal then I'll sell it on the card. I appreciate everyone's help :)
 
I suppose you'd be doing This sort of business where gift cards are perhaps valid. If it's that much of a value, then I think you'd be doing good business with it.

This means that you'd have to Target populations that are ready to buy at a higher rate. Else you won't be making any profit.
 
Feasibility studies is key in very business, if he is able to identify the opportunities in trading gift cards then the possibility of making good money from it will high.
I once tried with crypto currency, it worked for a while.
 
I honestly do not think so, because customers will be willing to purchase gift cards of equivalent value as what they are paying for the gift cards or almost equivalent value, so that leaves a very small profit margin for you to gain , unless you don't sell them in bulk I doubt it can be lucrative
 
I honestly do not think so, because customers will be willing to purchase gift cards of equivalent value as what they are paying for the gift cards or almost equivalent value, so that leaves a very small profit margin for you to gain , unless you don't sell them in bulk I doubt it can be lucrative
Probably that the way the business is run in your country, as for my country they buy less than the worth just for them to make profit it though the margin is not always wide but consistency bring in more profit.
 
Probably that the way the business is run in your country, as for my country they buy less than the worth just for them to make profit it though the margin is not always wide but consistency bring in more profit.
Oh wow, that really is interesting to hear, then that's good it seems if there is consistent margin for profit to be made then perhaps you could be earning by selling gift cards.
 
Oh wow, that really is interesting to hear, then that's good it seems if there is consistent margin for profit to be made then perhaps you could be earning by selling gift cards.
Definitely, that is why some exchangers give minimum worth of gift cards they buy. It a good business if you get clients constantly just like crypto currency.
 
Definitely, that is why some exchangers give minimum worth of gift cards they buy. It a good business if you get clients constantly just like crypto currency.
Right! Does make a lot of sense! Anyways if you are willing to start such a business, I wholeheartedly wish you all the very best in your future endeavours and I hope you succeed!
 

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