Gift Card Reselling: Changes to Giftcards.com/Saveya

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.

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ean
ean (@guest_137214)
June 22, 2015 11:47

giftcards.com and saveya are becoming unreliable. The declined one card for no reason and I was expecting it for a week and never got any notice saying that it was declined. Second time worked but they said the check would be shipped out on thursday or friday, when was processed on monday. I didn’t receive a confirmation telling me that it was processed or that the check was sent out either, I had to call. So thats 3 weeks that i’ve been expecting a check. Calling customer service was okay but emailing them was even worse, they never respond.

brittany
brittany (@guest_128867)
June 4, 2015 15:22

Working with saveya has been awful for me, they held up my money for over a month after saying they would pay out within one day. Then ended up returning the card to me. I will stick to GC.com for now.

Lantean
Lantean (@guest_112178)
May 1, 2015 10:28

selling codes to them electronically is such a pain… it never works.

anthonyjh21
anthonyjh21 (@guest_128907)
June 4, 2015 17:48

Yeah, the system doesn’t identify whether or not you can submit as an ecode until the end.

I was told by my contact that I can print out ecodes into a paper form, for Staples at least. Not sure about other merchants.

I also received a free FedEx label for having orders of $500+. If anyone sells enough, becoming a bulk seller has it’s benefits (ACH payment too).

anthonyjh21
anthonyjh21 (@guest_128985)
June 4, 2015 20:01

The Staples ecodes I sent in were in fact from the Ebay deal (paypal digital gifts). I sent a screenshot to my contact and she told me that was exactly what they needed for a printable code.

Audrey
Audrey (@guest_112079)
May 1, 2015 03:48

I also have been rerouted to saveya for bulk sales and have never heard back, which is what happened at gc.com. However, I was able to sell some codes to gc just a couple of days ago. I’ve noticed btw that sometimes the gc rate is better than saveya, so not sure how that will end up.

anthonyjh21
anthonyjh21 (@guest_112050)
May 1, 2015 02:15

Do you know off hand if the monthly/3month limit is per person or is it per household?

KP
KP (@guest_112808)
May 2, 2015 09:56

I think its per person. I had sold few from my wife’s account when I maxed out before I became a bulk seller and they did process it. But I really believe they are not as sophisticated technically as Ebay/Paypal to detect two account on same address.

KP
KP (@guest_112010)
April 30, 2015 23:24

Yes, I encountered same issue. And their CSRs have become crappy too, in last 48 hours they haven’t even got back to me with my questions. I am bulk seller with GC.com and now its going to saveya. But its asking me to apply..!! Strange.. Its correct about not a different rates for regular and bulk sellers. Its SAME I think, at least for me. I am hoping, they increase my limit from $3500 to more when they move me to Saveya.. 🙂

jim
jim (@guest_111891)
April 30, 2015 17:59

I mean to say “TARGET Gift cards. Thank you. Some of $300 , some are $100, so if I have to mail them, I have to scratch the back for GC number and check the actual value first, so in my case mailing them is not a good option? which one do you recommend I sell them online? Thanks again

jim
jim (@guest_111890)
April 30, 2015 17:57

I am several $300 Targer GCS I purchased during blackfriday deal. I don’t have some of the receipts and can’t upload information unless I scratch the back of the card.

Can you recommend me one site that is best of all? Which one should I choose to sell my GCS online without mailing them? If I can get $270 or $280 for each $300 GCs, I will be happy.

Thank you