Daniel Gritzer

As a business owner, selling gift cards can be a great way to maximize your sales and increase revenue. However, navigating the Canadian market can be tricky without the right knowledge and strategy. In this ultimate guide, we’ll provide you with everything you need to know to successfully sell gift cards in Canada and boost your sales. From understanding the legal requirements to creating enticing promotions, we’ve got you covered. Let’s get started!

1. How do gift cards benefit my business?
Gift cards are a great marketing tool that can increase brand awareness, drive customer loyalty, and boost sales revenue.

2. What are the legal requirements for selling gift cards in Canada?
In Canada, gift cards must have an expiry date of at least two years, and customers must be informed of any fees or restrictions associated with the card.

3. How can I promote my gift cards effectively?
Use social media platforms, email marketing, and in-store signage to promote your gift cards. Offer incentives such as discounts or free gift wrapping to encourage customers to purchase.

4. How can I track gift card sales and redemptions?
Use a gift card management system or software to track sales and redemptions. This can also help you monitor inventory levels and analyze customer spending patterns.

5. How can I prevent gift card fraud?
Implement security measures such as unique barcodes or PINs, and educate employees on how to identify and prevent fraudulent activity.

6. How can I make my gift cards stand out?
Consider offering personalized gift cards with custom designs or messages. You can also create limited edition or seasonal gift card designs to generate excitement and increase sales.

In conclusion, selling gift cards in Canada can be a lucrative business with many benefits. By following the ultimate guide to maximizing your sales, you can increase your revenue, attract new customers, and build brand loyalty. Offering a variety of gift card designs, promoting them through multiple channels, and providing exceptional customer service are just a few key strategies to help you succeed. With the right approach, selling gift cards can be a win-win situation for both you and your customers.

Gift cards have always been a popular gifting option especially around the holiday season. But for the many who get such gift cards every season it become a tad difficult more so when the cards are not exactly in sync with their tastes and when they would much rather prefer to have got cash instead. Well you could consider trading or selling your unwanted gift cars for cold hard cash instead. And to make it even easier for, we have listed 17 best places to sell gift cards online which will give you some instant cash. Take a look. Those choosing the online option have to first create an account, share the card information to receive an offer. Once accepted, the sender is then required to send the gift card and a copy of the email containing the transaction number back to the company. It is a Michigan-based online marketplace to sell gift cards for cash. It offers gift card buyers and sellers a common platform to buy and sell your gift cards safely. QuickcashMI buys discounted gift cards from the sellers directly, verifies their authenticity and balance of each gift card and then holds them until a buyer is found. Sellers receive a check in the mail within a couple of days of their gift cards being verified and their balance confirmed by the company. Another best place to sell gift cards for cash online is Monstergiftcard. Sellers have to first register online and then match their card with the price being offered online. If accepted, the card and a special bar code emailed to the seller is then sent to the MGC. Upon successful verification, the payment check is dispatched within business days or credited instantly using Dwolla. Raise is an online marketplace to trade gift cards for cash that allows you to list your unwanted gift cards for sale for a price of your choosing. Users of this online platform are required to mail their surplus gift cards for verification and payment after accepting the cash offer made for them by CardKangaroo. The way it works is the seller enters all the basic card information to receive an offer for his card s. Once the balance is confirmed, the money is credited into his PayPal account. This site allows you to choose the specific gift card you wish to sell from their exhaustive list of major brand stores and food chains. Next, you enter the balance dollar amount on the card to instantly receive a purchase offer. Register and login and enter your PayPal email address to receive the cash. The website reverts back with a confirmation or a counter offer. Once the personal and card information is verified the payment is processed almost immediately. One of the most trusted online gift card exchange platforms. All you need to do is share the card details online for verification to get an instant offer. If acceptable, you will be asked to send your card to Cardpool. One of the easiest ways to get cash for gift cards instantly. Just enter your gift card details on their website and they make you an offer. Payments are made via check or a direct credit to your PayPal account, usually within a couple of days. A website popular among Canadians looking to sell gift cards for cash. Buyers who use CardSwap to buy gift cards also stand to earn SwapPoints a special rewards program that enables them to redeem points for gift cards or cash. Here you can buy and sell gift cards online just like some of the other sites mentioned earlier. In case of a sale, the seller needs to first enter details of his gift card on their site, post which he is mailed their best offer. The website also allows you to exchange your existing card for a new one from their list of options. Payments are dispersed via check or PayPal credit within a couple of days after the transaction is completed. But first check the prices of similar cards sold on this auction site first. Also check the recent sale listings for the specific brand of gift cards that you want to sell online. This way you will know both the prices they sold for and the demand for them. For example, if you have a gift card from American Eagle or Banana Republic, you might try posting it in the clothing category. People browsing this website are usually looking for a discount so do price your cards accordingly. All you need to do is drop in at the store, flash a valid state-issued ID and debit or credit card to get a free quote on your gift cards. If acceptable, you can then have the money credited to your card or handed over to you in cash to spend it as you may. For those of you who think listing a gift card online or visiting an offline store is too much work, you can also sell your gift cards from home by hosting a garage sale. Of course, you may not get as good a price since it all depends on the level of interest from the prospective shoppers who drop in but you never know. Do encourage the buyer to call the number listed behind every card to verify the balance before buying the card.