Giftcardzen used to be one of the biggest gift card buyers with regards to the number of brands they’d buy. Over the past little while I’ve noticed that they stopped buying most gift cards brands. They still from around 25 brands that they are still accepting, like Best Buy, Walmart, Nike, Cabela’s, and a few others.
Most likely, they are shifting to buying more and more from their bulk sellers and are winding down, to an extent, the ordinary seller marketplace. Giftcardzen has difficult thresholds for bulk seller, requiring a minimum of $20,000 to become one.
Interestingly, the brands they are taking are largely brands which have deals on them, so they might be moving to a deals-based system where they stock up on given brands when there are sales, and then use their inventory to tide them over for a while.
Another change is that Giftcardzen began paying via Paypal instead of mailed check. They do have a ~10 day wait from processing until initiating the Paypal transaction. And from what I’ve been hearing, they’ve also removed their $600 weekly sales limit.
We’ll update The Complete Guide to Selling your Unwanted Gift Cards for Cash with these changes.
