Contents
The Offer
Gift card seller Saveya has now been added to shopping portals Topcashback and Simply Best Coupons. Both are offering the follow cashback rates:
- 2% cashback on all gift card sales
- 1% cashback on all gift card purchases
Reader Rob W tipped us off to this offer and noted that he’s had success over the past week getting the portal to track the cashback quickly, with an estimated payable time of 14-weeks.
[Note that for purchases, you may want to buy from giftcards.com, Saveya’s partner, instead. They offer 1% back in G-Money points on merchant gift cards, and also 1% cashback on all gift cards via the Simply Best Coupons portal. Saveya and giftcards.com often sell the same cards at the same prices, and you’ll do better buying from giftcards.com for the 2% back total.]
Final Thoughts
2% back on gift cards sales can make a big difference to your margins and I doubt this will last forever, but we’ll take it while it’s available. For now, Saveya will probably trump other exchanges most of the time, with the added 2% bumping them up over their competition.
Cardpool also offers cashback from the portal on gift card sales (Giving Assistant gives 4% and Simply Best Coupons gives 2%), but it’s limited to your first $1k in sales and purchases combined. Also, it doesn’t track well in the portal. But 2% back on unlimited amounts of sales, with proper tracking, is definitely newsworthy.
[The SBC and TCB links in this post are my referral links. I appreciate if you use them to sign up.]
Looks like saveya has been removed again from Topcashback
Any update on TCB tracking for saveya sales? TCB’s tracking stats for saveya indicate 89% of transactions tracked automatically, and 100% customer satisfaction rating. So has the problem been fixed?
Without that extra 2%, ABC seems very competitive, and possibly more reliable, along with faster payout.
Have not been tracking since Jan for me, had to file for missing cashback claim for every single transaction on saveya, which is very time comsuming. I think it is possible TCB has stopped offering cashback for saveya altogether as I logged into TCB earlier today, I could not find saveya as their merchant anymore:(
Is the lack of tracking through TCB just for sales or for buying as well? ( Sorry if this is a duplicate post.)
Regarding saveya not tracking, have people buying from their experienced this problem? Or just sellers?
not tracking anymore…..very frustrating
🙁
Yeah the sales tracked consistently for the first week or so after this original post, and then SaveYa changed up their selling interface and the IT didn’t seem to communicate properly after that. I have 10 or so open claims with Topcashback, hopefully they’ll work out but no luck yet.
Then I noticed yesterday that SaveYa is no longer even an active merchant with TCB. Based on Cashbackmonitor, Simply Best Coupons is offering the 2% on sales now, will give that a try, why not. Anyone have a referral link to SBC that I can use to help out? Don’t have an account yet.
This is good, but the last two instances I visited their website, they didn’t have the gift cards I want. Also, the gift cards they did have in stock had less discount than the ones offered by cardpool.
Two questions are
1) Would bulk seller be able to get the cashback?
2) Is the cashback based on the sale price or gift card’s original value?
Say Daniel, are you a bulkseller for saveya? if so, tell us what that experience has been like?
For the past month, I’ve been watching saveya’s trading practices (via what I can see via giftcardgranny). Brutal. Reminds me of the heavy-handed “stuff” I used to see in trading wall street stocks…
Note for example the listing of Sears $100 gc’s… Saveya apparently became “THE” place for gc churners to unload their sears $100 cards…. (with saveya paying about $84)…. then Saveya has been flooding/blocking the market on Sears cards — with nearly a thousand of them sitting for sale at $92 — now $90.
(Meanwhile, you no longer can sell your cards to saveya…. that kind of manipulation isn’t…. well, it “raises” questions)
I am.
They are great. HIgh payout for many gift cards and prompt payment. My account manager is great as well.
I don’t see what’s wrong with their practice. It’s not like other gift card exchanges can follow their tactics considering that Cardpool and Cardcash are big players in the market. Do you have problem Amazon using its brute sheer force to “manipulate” the market? Just to make sure, I’m not attacking you or criticizing your thoughts. I’m just curious on your opinion because it differs from mine.
Thanks
Giftcardbin used to sell Sears and Kmart GCs routinely at 10% off face value. Something strange happened to them in the fall because their inventory suddenly plummeted for over a month – practically no mainstream GCs for sale at all. Then earlier this month they apparently reset discounts by lowering them (Sears/Kmart cards are now 7% off) and sellers are slowly returning. But some of their discounts are now so anemic, their inventory stopped moving on some stores.
You have to wonder what goes on behind the scenes at a lot of these places. My intuition tells me a GC reseller must have reset their payout rates in the fall to beat Giftcardbin and they lost most of their business.
You also have to wonder about the supply of some GC’s. It’s realistic to assume the Sears/Kmart $100 cards are coming from the churners, but a lot of others seem to be partially used cards (Walmart) or suspicious ones (like a $100 giftcard flood at Jimmy John’s – a subway shop – which all turned out to be bought with stolen credit cards and later shut off).
It’s nice to find a forum where people with a lot of experience can share their wisdom. I’m a buyer more than a seller, so I appreciate the insight!
I used Giving Assistant a few months ago for the 4% Cardpool bonus and accomplished it in 2 sales I think, but neither tracked. however, GA looked into it and credited me. YMMV
Thanks for the data point. Cardpool tracking seems to be messed up for sales on all portals. It’s interesting GA recently added this, when TCB had to remove the CB on sales a few months ago because the tracking was 100% fail.
thanks for making this public so they will now remove the 2% for sellers after they get a massive flood of clicks 🙁