Unused Gift Card? Swap It For Another -- Or Cash
Consumers Can Also Get Cash
Posted: 4:03 pm EST January 6, 2004
Did you receive a gift card this holiday that will waste away in your wallet or remain in your junk drawer?
Television station WEWS pointed out a website that can help you get what you want called CertificateSwap.com.Just dig through your junk drawer or your wallet and find the unused gift card to a store you don't care for.
"It's just not a place I shop usually, so you put it away and then kinda forget about it," said Kristie Jesionek, a shopper with a card she doesn't need.Lisa Barron, another shopper, said "I got a couple of Barnes & Noble. I won't use those."WEWS reported that $4 billion worth of gift cards go unredeemed every year.Cameron Johnson made it his business to offer a solution. His runs CertificateSwap.com."We're basically an online gift certificate marketplace allowing consumers to list any unwanted gift certificates for sale for other consumers to buy," said Johnson.You can post your unwanted gift card and swap it for gift card you know you'll use.If you don't want to swap your gift card for another piece of plastic, there is another solution.You can also swap it for cash.Johnson used to sell his own unwanted cards on eBay, but said his site offers more a safeguard on your sale. It takes the buyer's credit card information.The seller has to pay a 7.5 percent fee when the sale is completed, but it may be worth it to make a little money off a piece of plastic or paper that you'll never use.One person sold a $1,000 Neiman-Marcus card for $900.
Television station WEWS pointed out a website that can help you get what you want called CertificateSwap.com.Just dig through your junk drawer or your wallet and find the unused gift card to a store you don't care for.Copyright 2008, Internet Broadcasting. This material may not be published, broadcast, rewritten or redistributed.
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