Raise reached out to let us know that they’ve recently lowered the sell-fees on their site from 15% to 12%.
Raise.com is a popular marketplace for selling gift cards. Unlike most of the other exchanges, with Raise you list the card yourself at whichever price you choose, and when the card sells you get paid.
Raise takes a commission on each sale. Until recently, their commission was 15%. They’ve now lowered the commission to 12%. We’ve updated The Complete Guide to Selling your Unwanted Gift Cards for Cash to reflect this change.
Interestingly, this change effects bulk sellers as well. The standard bulk seller rates on Raise was 13% on most cards (some cards are lower for bulk sellers). Now that went down to 12%.
Note that all Raise commission rates are based on sale-price, not face value. So if you sell $100 Sears gift card for $90, you’ll pay a $10.80 commission (90 x .12) and you’ll end up with a payout amount of $79.20.
First Time Seller Promo
There’s also a first-time seller promo code: SELLAF10 which gets you 5% off. You’ll end up paying just 7% commission instead of 12% on your first sale. Make sure it’s a high denomination card. 🙂
