Gift Card Sales Are Hot Now
Plenty of people are selling gift cards to the gift card exchanges. Many of the folks who have received gift cards for the holidays are selling them and the inventory at the vendors are flooded which is why as a buyer of discounted gift cards, you will find some awesome deals.
I’m not surprised they are flooded as Q4 in the calendar year is usually my busiest period of buying and selling gift cards because that is when the gift card deals really spring out.
Earlier, Doctor of Credit found and posted a profitable gift card churn with Macy’s and Dunkin Donuts.
As The Deal Mommy notes, now is the best time to purchase discounted gift cards. She is quoted as saying:
Among the highlights I see:
- Dunkin Donuts at 21% Off
- H&M at 22% Off
- Loft at 25% Off
- Michael’s at 18% Off
- Marshalls, TJ MAXX, and Macy’s at 17% Off
- Children’s Place and Crazy 8 20% Off
- Ben and Jerry’s or Boston Market 27% Off
- New York and Co. 31% Off
- Target.com at 7% Off
And MANY MANY more.
Here are quoted excerpts from my exchanges with Cardpool and Giftcard Zen, respectively, when I asked for higher rates:
the business team unfortunately could not increase payout rates for those merchants. We are receiving more cards than ever this year, and that is having an effect on our margins. We do apologize for any inconvenience.
I’m sorry I can’t offer higher percentages right now, supply and demand this time of year has really put a damper on what we’re able to do
Hopefully, in the near future we can revisit and they’ll say yes.