So we covered GiftCard Zen on my sales numbers and it was a little over $16.5k and I got back approximately 85.5%.
Today, we’ll look at my numbers with Cardpool. My total transactions with Cardpool is a little bit larger compared to GiftCard Zen only because I’ve worked with Cardpool since the end of 2012. I started my relationship with GiftCard Zen at the end of 2013.
That being said, I think it’s amazing that my percentages returned with GiftCard Zen and Cardpool is very close. Only off by 196 basis points. That means both sites buy the gift cards that I sell at nearly the same rates.
I can say I did sell a few more Exxon gift cards and a ton of Wholefoods gift cards on Cardpool and those vendors are generally 90%+ and that is why Cardpool is a slightly higher rate.
Do I have a preference for either site? Not really, I sell to whoever has the highest rates. The biggest gripe I have with Cardpool is the 5% lower rate you would get for selling a digital gift card. Other than that, I have no complaints. Especially after figuring out the best practices to shipping thanks to some great reader contributions here and here. Well, the most recent time, trying to negotiate a rate increase I was met with silence for two weeks, but they made it up with timely responses for this spreadsheet and finally an answer on the rates which made me happy.
Sure, the total sales is 49097.84, compared to some of the heavy hitters out there who do this in less than a month. I have been gift card churning a little over 2 years, but I go at a pace that’s comfortable for what I do. I must balance my time commitment, deal finding, and everything else outside of the blog to these adventures.
Now that I know what cards to buy and resell, less time is spent on the hunt and more on the execution. I am debating if I should add a third site to sell to like when Plastic Jungle was around. It slightly complicates things, but additional leverage for me to sell.