Using a partnership with discount gift card marketplace CardCash, Walmart launched its gift card exchange — on December 25. The retailer plans to test the service for a lot of weeks to figure out whether or not it helps keep it around. The primary response seems promising. “We have seen tremendous volume and so are thrilled using the success and impact of your partnership,” says CardCash.com CEO Elliot Bohm.
Walmart isn’t the first to test out gift card exchanges. Several Websites, including GiftcardZen.com, Cardpool and GiftCards.com, already let consumers sell unwanted gift cards for money. And cash, obviously, works extremely well more widely than the usual Walmart e-gift card. Cardpool will even exchange gift certificates for Amazon gift certificates.
While no gift card exchange will probably pay full value for any card, Walmart’s current payout rate — the amount of your face value that you simply will get in return for your gift card — looks to be beyond the business norm. Bohm says the exchange offers on Walmart.cardcash.com are, normally, 5% much better than competitors’ offers. According to Walmart, it’s offering approximately 97% of your face value of gift cards. Probably the most you are able to usually get is 93% of the card’s value, as outlined by free walmart gift card codes, which compares offers from several sites that buy and then sell on gift certificates.
For several major retailers’ gift cards we checked, Walmart was offering a higher Walmart e-gift card value than cash offers from several of the top discount gift card marketplaces. For instance, it is possible to exchange a $50 Best Buy gift card for the Walmart e-gift card worth $46.20. The greatest offer we could find on Gift Card Granny was $44.75. A $50 Target gift card could be exchanged for a $48.30 Walmart e-gift card versus $45.25 in cash.
The exchange value for non-retail gift cards wasn’t as generous, though Walmart’s offer still became available ahead. By way of example, a $25 Starbucks gift card would net 70% from the value in funds on GiftcardZen and 71% of the value on Cardpool. Exactly the same $25 Starbucks card would net 72.5% of their value in the form of a Walmart e-gift card.
Should you need cold hard cash, swap your gift certificates at the reputable Internet site like GiftcardZen or Cardpool. But should you do most of your shopping at Walmart, you should think of trading inside your gift certificates at Walmart’s online exchange to make use of the higher payout rates.
Here’s the way it operates: Visit Walmart and click the “Enter a Merchant” field to view a long list of merchants’ gift certificates that can be traded set for a Walmart e-gift card. Along with information regarding the gift card you need to exchange, you’ll have to enter your business, address, email, contact number and credit card number (to ensure your personal information). Then you’ll get an email usually within an hour or two having a Walmart e-gift card. There’s no requirement to mail inside your old gift card because the value is transferred electronically. You can utilize the code around the Walmart e-gift card to help make purchases online or print it to create purchases in Walmart stores. Walmart e-gift cards could also be used at Sam’s Club.