How To Make Extra Income By Selling Gift Cards Online.
If you have some unused gift cards that you would love to exchange for money, there are a number of websites online on which you can sell your gift cards.
Interestingly, there are platforms like CoinCola, where you can swap your gift card for cryptocurrencies like Bitcoin. Cryptocurrencies are believed to be the future of money. Selling gift cards in exchange for cryptocurrencies like Bitcoin is one of the easiest ways to get into the world of cryptocurrencies.
The Business of Reselling Gift Cards
Reselling gift cards is big business. This usually involves buying gift cards at a deeply discounted rate from consumers who want to swap their gift cards for cash and selling to shoppers looking for a bargain at a price higher than your purchase price.
This means you could buy a $100 gift card for $50 from someone that needs quick cash and sell to another person for $170 and take the $30 profit.
There are ads and posts on social media of people offering to buy and sell Amazon Gift Cards, iTunes Gift Cards, Steam gift cards, Google Play Gift cards, etc.
For this business model to work you need to have a network where you can buy gift cards at deeply discounted rates. This is where platforms like CoinCola comes in.
CoinCola is an over the counter (OTC) marketplace based in Hong Kong where you can buy and sell cryptocurrencies like Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Tether (USDT), Litecoin (LTC), Ripple (XRP) and Dash from people near where you live.
Buy Discounted Gift Cards on CoinCola
Once you signup for a CoinCola account, you are just one step away from going into business. You need to fund your wallet with Bitcoin first as most gift card sellers on CoinCola want BTC. The best way to fund your CoinCola wallet is to find a local seller in your country. CoinCola offers a marketplace where you can connect with cryptocurrency traders in your country or city. This means you can just do a local bank transfer to the trader while he/she funds your wallet.
With your wallet loaded you can post your Ad on CoinCola setting the rate at which you buy. You also set the limit or denominations of discounted gift cards you buy. Other details you include in your ad are the type of gift cards you buy. Options include Amazon Gift Cards, iTunes Gift cards, Nike Gift Cards, Steam Gift cards, etc. More options include gift cards for eBay, Google Play, Walmart, Sephora, Netflix, Apple Store, PlayStation Network, etc.
Sellers who love your rate and terms will sell their gift card to you in exchange for BTC. Rates offered by other sellers on CoinCola ranges from 0.75 to as low as 0.20. However, the bestsellers will have rates of 0.5 or more.
In summary:
The secret of making money buying and selling gift cards online is to buy low, sell high. However, it is important not to sell it too high.
