Background
Giftcards.com is one of the options for reselling gift cards that you aren’t planning on using yourself. We documented in The Complete Guide to Selling Your Unwanted Gift Cards that the company is actually from the best options available since they usually have the best rates and they usually allow you to submit the gift codes electronically, without having to ship them in physically.
Some downsides:
- They have strict limits on the quantity you can sell unless you become a bulk seller.
- They often seem to reject gift codes and say that for security reasons the code can’t be accepted. (Bulk sellers possibly fare better with this.)
- Some people seem to have been blacklisted completely (i.e. it’s coded in the system to reject any gift code they try to submit). I suspect – but don’t know – that I am too.
- They don’t have the kind of selection that GiftCardZen and CardCash have.
Ultimately, if you can get Giftcards.com to work for you, it would probably be your best bet.
Enter: Saveya.com
We introduced Saveya.com back in February. It’s a branch of Giftcards.com dealing exclusively with discounted gift cards buying/selling which launched around that time.
It seems that Giftcards.com is shifting over somewhat/completely to Saveya, which is something we predicted in our previous post. (I learned this from Money Metagame, a new blog which I’ve been enjoying. He’s been focusing particularly on gift card reselling recently.)
Currently, when clicking on the Bulk Seller option of Giftcards.com it redirects you to Saveya. We’ll likely see the non-bulk sellers getting the same response soon.
MoneyMeta notes that he tried submitting a gift code as a non-bulk seller and it wouldn’t work either, so it may be that all gift card sales are exclusively through Saveya at this time. (I couldn’t try it myself since it never works for me anyway.)
Other Thoughts
Here’s a few other points about Giftcards.com/Saveya:
- It’s quite possible that they’ll still have the buying end of discounted gift cards done on Giftcards.com, with only the selling moved over completely to Saveya.
- Previously we noted that you can max out your limits on Giftcards.com and on Saveya, as each limit is independent of the other. This will no longer be possible once they merge completely.
- According to the site, Saveya is supposed to have better rates for bulk sellers, but MoneyMeta notes that this doesn’t actually appear to be true.
- Another interesting thing that I noticed is that Saveya seems to have beefed up on the selection of gift cards they accept. Previously, Giftcards.com only took the stronger/top merchants, and not many of the smaller ones. They now seem to have increased their selection. This could make them potentially more competitive with CardCash and GiftCardZen and more useful overall for those occasional smaller-merchant gift cards.
Thanks again to Noah at MoneyMeta for alerting us to this. Hopefully, he’ll continue to keep us updated on Saveya developments.
