How to Get More Cash for Your Unused Gift Cards

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12 Surprising Ways to Wreck Your Credit ScoreBorrow has lowered its seller fee -- which means you'll make a bigger profit when selling unwanted gift cards.

One of the best ways to convert unwanted gift cards into cash is to sell them on an online exchange — which just became even more profitable.

The discounted-gift-card exchange announced this week that it has lowered its fees. That means you’ll keep more of the profits from cards you sell on Raise.

An email sent to Raise users explains:

“We’ve lowered our fees from 15% to 12% for every card you sell.”

Discounted-gift-card exchanges are websites where you can sell your unwanted gift cards to others, as well as buy other folks’ unwanted gift cards for less than their face value.

To sell a gift card, just visit Raise’s home page and sign up for an account. This process is free and takes a few seconds.

Cardpool is another option for discounted gift cards. Just visit Cardpool’s home page to learn more.

If you’re more interested in buying discounted gift cards — a great way to save money — note that Raise now guarantees the cards sold on its site for one year.

Have you ever bought or sold gift cards on an exchange? Let us know which one you used and what you thought of the experience by commenting below or on our Facebook page.

Stacy Johnson

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