Raise Review: Buy Discounted Gift Cards And Sell Your Unwanted Ones
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If you will have unused reward playing cards that you just’re not going to make use of, you possibly can flip them into money. And if you wish to purchase reward playing cards, you may get them at a reduction. Where are you able to do that? Raise. We checked it out for you and right here is our Raise overview.
One Size Fits All
It’s no marvel that reward playing cards have turn out to be so widespread. We see them because the go-to reward after we can’t consider what to purchase for somebody or after we want a present for somebody we don’t know very properly like a baby’s instructor.
But generally even a present card isn’t a perfect reward. Maybe we don’t store on the retailer or eat within the restaurant the reward card is from. What are you able to do? In the previous, not a lot. You both tossed the reward card unused right into a drawer or possibly re-gifted it to another person. But now you will have an alternative choice for these unused reward playing cards.
What is Raise?
Raise is an internet market that permits you to promote and purchase reward playing cards. You can promote reward playing cards for money and purchase them for a reduction.
Selling Gift Cards
Selling unused or partially used reward playing cards or retailer credit at Raise is a bit like promoting issues on eBay. You as the vendor will get to set the worth.
You can promote a present card from greater than Three,000 shops and eating places, and never all of them are large, nationally obtainable chains so in case you have a present card from a enterprise native to your space, you should still have the ability to promote it on Raise. I noticed lots of shops and eating places that I do know are solely native to areas I’ve lived in listed on Raise.
If you will have a present card for a retailer that you just don’t see listed on the positioning, you possibly can nonetheless make an inventory for it. Then Raise will resolve if it’s permitted, so it’s price a shot.
Some of the three,000 retailers embody Chico’s, Nautica, and P.C Richards that are largely positioned within the New York City space. Restaurants embody Dairy Queen, Five Guys, and Golden Corral.
There are even journey retailers like Carnival Cruises, Omni Hotels, and Fairmont Hotels and Resorts. Plenty of spas and fuel stations too.
You can’t promote reward playing cards or retailer credit which have an expiration date or cost charges to make use of.
To promote a present card, you’ll enter the serial quantity, a PIN if the cardboard has one, and the obtainable stability. If you will have used a portion of the reward card already, you possibly can promote a card with the remaining stability.
If you don’t know the stability, Raise makes it straightforward to search out out. They have hyperlinks or phone numbers for hundreds of shops and eating places so you possibly can test the stability of a present card. Make certain you get the quantity proper as a result of Raise will confirm the quantity earlier than they listing your card on the market.
It actually is a complete listing; there are lots of and lots of of listings, every little thing from 1-800 Flowers to Zulilly.
You can’t promote a bodily reward card price lower than $10 or greater than $2,000. An eGift card can have a stability between $5-2,000.
Once you listing your card, Raise will run it by their verification course of. Most playing cards will seem on the positioning on the market inside just a few hours of being listed.
Once you enter the remaining stability, you will note the worth Raise suggests you promote your reward card for. Of course, you might be free to set any worth you need, however a competitively priced card is extra more likely to promote.
If you will have a card that isn’t promoting on the worth you initially set whenever you listed it, you possibly can log into your account and alter the quantity at any time.
Once the cardboard sells, you will have three enterprise days to ship it to the client.
Raise prices sellers a 12% charge on the time of buy. If you might be promoting a bodily reward card, there may be a further cost of $1 or 1% of the cardboard’s worth, whichever is bigger. If you might be promoting reward playing cards in bulk, Raise will cut back the charge.
Raise will present a pre-paid label so you possibly can ship the cardboard to the client for gratis to both of you.
When you promote an eGift card, you possibly can keep away from that $1 service charge. You can listing a bodily reward card and Raise will decide if it may be transformed in an eGift card.
If it’s potential, Raise will mechanically listing and ship your card as an eGift card which is nice since you save that charge and don’t need to hassle mailing a bodily card and fear about it getting misplaced.
Raise does advise you to maintain the bodily reward card that was transformed to an eGift card for 180 days in case there’s a downside, and they should reference data on the precise card.
You will see the precise sum of money you’ll earn after the charges whenever you enter your worth.
You may even be required to offer a credit score or debit card quantity. If the cardboard will not be definitely worth the stability you listed or there may be another downside with it, you’ll be charged and the cash refunded to the client below Raise’s assure program.
You have three choices for you payouts from Raise. You can select to have your cash direct deposited; Raise will mail you a paper test (that is the choice that takes the longest, as much as 14 days), or by way of PayPal (which may take as much as three enterprise days).
Raise will notify you by way of electronic mail when a present card you’ve listed has offered, and your cash is accessible to withdrawal. Log into your account and go to the Available Funds part. From there you possibly can resolve how a lot cash you wish to be paid, you possibly can take out all the quantity or simply a part of it, very similar to you possibly can with PayPal.
Most of us are most likely simply seeking to clear out our junk drawers and wallets of the few reward playing cards we’ve had hanging round eternally. But for many who are going to promote greater than just some or reward playing cards with very excessive balances, chances are you’ll face some tax implications.
If you promote greater than $2,500 in reward playing cards you might have to submit a state ID, W9 or ACH Direct Deposit account data to Raise to guarantee that payouts are tax compliant.
For those that earn greater than $20,000 in a calendar yr or greater than 200 reward playing cards (whatever the greenback complete), Raise will ship you a 1099 type.
Buying Gift Cards
If you might be in search of a particular reward card, Raise most likely has it. There are hundreds to select from. You can search by model, by greenback quantity, sort, both bodily or eGift playing cards, by class and by location.
I used to be excited to buy the reward playing cards by location as a result of I hoped to attain some discounted reward playing cards to native New Orleans eating places to make use of at residence and native New York City eating places for my journey again to see associates later this month.
So I used to be fairly disenchanted to see that the one location is Chicago. Raise is positioned in Chicago, so I suppose that’s why. Oh properly, you should still have the ability to discover reward playing cards to your native space, however you’ll have to search by the title of the retailer or restaurant fairly than with the ability to flick thru an obtainable listing.
There are 26 classes to select from together with some uncommon ones. You can discover the same old like Books and Magazines, Department Stores, and Food and Beverage and people embody locations like Barnes & Noble and Books-A-Million, Bloomingdale’s and Lord and Taylor, Kroger and Fresh Market.
Some of the extra uncommon classes are Education, Finance and Business, and Relationship Services. Education had reward playing cards for Teachers Pay Teachers, Finance and Business had Stockpile reward playing cards, and Relationship Services had Groupon.
There isn’t any choice to seek for playing cards by the quantity of the low cost. And the reductions present the quirks of particular person sellers. You can discover loads of reward playing cards that provide no low cost in any respect. A $50 Whole Foods reward card prices $50.
Well, why would anybody pay full worth and take the possibility that the reward card isn’t mailed to them once they may go to Whole Foods and get the cardboard themselves or order it from Amazon?
I did discover some good offers although. Someone is promoting a $250 H&M reward card at 18.6% off so it may be yours for $203.50. It’s summertime, and which means ice cream. You should buy a $25 Cold Stone Creamery reward card at 27.2% off so it is going to price you simply $18.21.
Buyers don’t pay any charges, gross sales tax, or delivery prices, so the worth you see listed is the worth you pay.
If you wish to pay along with your PayPal account, you’ll have to purchase your reward playing cards by Raise’s cellular app. You may pay with Apple Pay, Android, and Samsung Pay, and with a credit score or debit card.
Most eGift playing cards and vouchers for retailer credit score are delivered to you Raise account immediately. If there may be further verification required, it might probably take as much as 24 hours. Physical reward playing cards are delivered inside Three-14 enterprise days.
Money Back Guarantee
Each card that Raise sells comes with a one-year a refund assure. If a present card you purchase will not be lively, has a unique stability than the vendor listed it with, is for a unique retailer than the one you ordered, or will not be acquired inside 30 days from the date you positioned your order, Raise will refund your entire quantity of your buy.
Raise will provide you with a referral code which you’ll ship to your contacts. If somebody makes use of your code when making a purchase order inside 30 days of signing up, you should have $5 in rewards added to your account. You can earn $100 in referral rewards every calendar yr.
Pros of Raise
There are a number of issues to love about Raise. It’s nice to have a spot to purchase and promote reward playing cards for retailers and eating places that aren’t large, nationwide chains. Many individuals choose to help small, native companies and Raise permits you to try this whereas nonetheless saving some cash.
You should buy and promote reward playing cards from nearly wherever. If a vendor doesn’t see a card they wish to promote listed, they’ll ask Raise to confirm it. If the cardboard is verified, it may be offered. This additionally provides patrons many extra selections than they could discover on different reward card market websites.
Raise generally provide particular reductions. Over Memorial Day weekend, all reward playing cards got here with a further 5% low cost. Raise additionally has a bit for reward playing cards which can be on sale. Recently they had been providing a further 1% off playing cards from 16 retailers together with Gap, Macy’s, Spa Finder, and Hulu.
If a bodily reward card might be transformed to an eGift card, Raise will do it which implies the vendor doesn’t need to hassle mailing the cardboard and the vendor doesn’t have to attend for it.
Sellers are free to set their very own worth. Of course, they could not have the ability to promote a present card for his or her chosen worth, however they’ll all the time return into their account and alter it. Sellers can have their cash nearly immediately in the event that they select to be paid by way of direct deposit or PayPal.
Cons of Raise
Some sellers could balk at paying the 12% charge that Raise prices sellers. If you will have reward playing cards to promote and don’t wish to pay a charge you can all the time attempt to promote the playing cards your self on a web site like Facebook or Next Door.
Sometimes comfort issues extra to me than cash so I wouldn’t thoughts paying the 12% since Raise is offering me with such an enormous pool of sellers in comparison with what I’m going to have if I attempt to promote playing cards by myself.
I’ve beforehand written a overview of Cardpool, one other web site the place you should buy and promote reward playing cards, and I offered my reward card there, so I didn’t have any to promote on Raise. I did purchase a $20 Sephora reward card for simply 6% off which was the very best low cost I may discover.
The card price $18.80. I assumed I’d use it to purchase one thing to maintain my hair from frizzing up. It’s a useless hope in summertime New Orleans, however I’m all the time ridiculously optimistic that I’m simply yet one more purchase away from discovering that miracle in a bottle that received’t make my hair appear to be a cotton ball that’s been brushed out with a wire canine brush. I selected to purchase an eGift card so I may order what I wanted on-line.
The complete transaction went completely easily. I can’t say the identical for my hair. Sigh. The battle is actual, and the search goes on!
While researching this piece, I did undoubtedly discover that Raise has a lot better buyer evaluations than Cardpool. I used to be a lot much less nervous about utilizing Raise than I used to be utilizing Cardpool and suggested readers simply to begin out doing small transactions in the event that they had been going to make use of Cardpool and had been nervous too. I additionally counsel readers to not give out their debit quantity however to make use of a bank card as a substitute as bank cards present extra shopper protections than do debit playing cards.
I’ve no such warnings about Raise. The subsequent time I’ve reward playing cards to promote, I’ll select to promote them on Raise even with the 12% vendor’s charge. If you might be in search of the very best place to purchase and promote reward playing cards, look no additional than Raise.