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That well-intentioned birthday gift card to a store you rarely visit? Or the holiday voucher for a restaurant chain that's not quite your taste? We've all been there. Unwanted gift cards can feel like trapped money, leaving you wondering if there's a way to turn that plastic into something more useful – like good old cash.
Speedy Cash is a well-known financial service provider offering various options, from short-term loans to money transfers. But what about those unused gift cards gathering dust? You might be asking, "Does Speedy Cash buy gift cards?" Let's dive into what Speedy Cash and its affiliate, Speedway, offer in the realm of gift card services.
This comprehensive guide will answer your question directly, explore the specific gift card services offered by Speedy Cash and Speedway, and provide you with a wealth of information on alternative ways to sell your unwanted gift cards for cash. We'll cover everything from online marketplaces to in-person options, ensuring you have all the knowledge you need to make the best decision.
Yes, Speedy Cash does offer services related to buying gift cards. However, it's essential to understand the distinction between Speedy Cash (the financial service company) and Speedway (the convenience store and gas station), as they offer different types of gift card services.
Therefore, if you're looking to get cash for a non-Speedway gift card, Speedy Cash's 'Gift Card Buy Back' service is likely what you're interested in. If you have a non-Speedway gift card and frequent Speedway, the 'Gift Card Exchange' program might be a useful option to convert it into store credit for your convenience.
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Speedy Cash's Gift Card Buy Back service provides a convenient way to turn your unwanted gift cards into cash.
Selling Gift Cards for Cash
According to their website, this service allows you to sell gift cards for cash, even if there's only a partial balance remaining on them. This feature distinguishes Speedy Cash from some other platforms that might impose minimum balance requirements, making it a more accessible option for a broader range of gift card holders.
Accepted Retailers
While the specific list of accepted retailers isn't always publicly available, Speedy Cash states that they accept gift cards from 'most major retailers'. This likely includes popular brands across various categories like retail, dining, entertainment, and more. For specific brand acceptance, the most reliable approach is to check their online portal or inquire at a local Speedy Cash store.
Getting a Quote
The most straightforward way to get a quote for your gift card is likely through Speedy Cash's website or potentially by visiting one of their store locations. Typically, the process involves providing details such as the gift card's brand, the remaining balance, and possibly the card number and PIN. This allows Speedy Cash to assess the card's validity and current market value to generate an offer.
Partial Balance Acceptance
A key advantage of Speedy Cash's buy-back service is that they accept gift cards even with a partial balance. This is a significant benefit as many other platforms might have minimum balance requirements, potentially leaving users with partially used cards unable to convert them. By accepting these cards, Speedy Cash provides a more comprehensive solution for individuals looking to declutter and monetize all their unused gift card holdings.
Speedway offers a 'Gift Card Exchange' program specifically for non-Speedway gift cards. This program operates in-store and allows you to potentially trade these unwanted cards for a Speedy Cash card.
Trading for a Speedy Cash Card
The focus on non-Speedway cards suggests that this program aims to attract customers who might have gift cards for other retailers and want to consolidate them into a usable form for their Speedway purchases.
Usability of the Speedy Cash Card
The Speedy Cash card you receive in exchange can be used at any participating Speedway location for a variety of purchases, including food, fuel, and merchandise. This wide range of usability makes the exchanged card a convenient option for regular Speedway customers.
Online Exchange Portal
To find out if your non-Speedway gift card is eligible for exchange and to get a personalized offer, Speedway provides an online 'gift card exchange portal'. This online tool allows users to input the details of their non-Speedway gift card and receive an offer before making a trip to a physical store.
Eligibility and Offer Conditions
It's important to note that the program states you 'may be able to trade' your non-Speedway gift card. This suggests that not all gift cards are eligible for exchange, and the offer will depend on various factors determined by Speedway.
Here's a breakdown of the steps involved in using Speedy Cash's buy-back service and Speedway's exchange program:
Selling via Speedy Cash's Buy Back Service
Exchanging via Speedway's Gift Card Exchange Program
While Speedy Cash offers options, numerous other online marketplaces specialize in buying and selling gift cards. These platforms often provide a wider range of accepted brands and potentially more competitive rates.
Popular Online Marketplaces:
Process of Selling Online
Generally, these platforms follow a similar process:
For those who prefer immediate cash or don't want to deal with online processes, several in-person options exist.
Check Into Cash
Check Into Cash is a brick-and-mortar financial service provider that also buys gift cards for cash. They buy new and unused gift cards from hundreds of major retailers.
Process:
Gift Card Exchange Kiosks
You might find gift card exchange kiosks in grocery stores, pharmacies, and shopping malls. Note that Coinstar has reportedly discontinued its gift card exchange kiosk service.
Process:
Direct Sales and Other Options
You could also consider selling your gift cards directly to friends, family, or through online platforms like eBay or Facebook Marketplace. However, exercise caution due to potential risks like scams.
To maximize your return and ensure a safe transaction, keep these tips in mind:
Verify the Gift Card Balance
Always check the exact remaining balance before selling.
Compare Offers
Get quotes from multiple online marketplaces and consider in-person buyers.
Understand Market Value
Resale value can fluctuate based on brand popularity, remaining balance, and seasonality.
Act Quickly
Sell sooner rather than later to avoid potential expiration dates or inactivity fees.
Choose Reputable Buyers
Stick to well-established and highly-rated platforms or known in-person buyers.
Be Cautious with Direct Sales
If selling to an individual, especially online, be extremely cautious.
Protect Your Information
Never share your gift card PIN or security code before receiving payment.
Beware of Suspicious Offers
If an offer seems too good to be true, it likely is.
Follow Platform Guidelines
When selling online, adhere to the platform's instructions for transferring the gift card.
Confirm Payment Security
Do not send gift card information until you've confirmed secure payment.
Selling unwanted gift cards offers several advantages:
While beneficial, selling gift cards also has potential downsides:
So, does Speedy Cash buy gift cards? Yes, through its Gift Card Buy Back service, Speedy Cash allows you to sell a variety of gift cards for cash. Additionally, Speedway offers a Gift Card Exchange program where you can trade non-Speedway cards for a Speedy Cash card to use at their locations.
Beyond Speedy Cash and Speedway, a wide array of online marketplaces and in-person buyers provide further options for converting your unwanted gift cards into cash. These alternatives often offer different payout rates, levels of convenience, and security measures.
Ultimately, the best choice for selling your gift card will depend on your individual needs and priorities. Consider factors like the desired payout amount, the convenience of the process, and the level of security offered. By understanding your options and following the safety tips outlined in this guide, you can confidently turn those unused gift cards into something more valuable to you.
While Speedy Cash's primary gift card service involves buying them back from customers, their affiliate Speedway does offer Speedy Cash gift cards for purchase in various denominations, which can be used for fuel and merchandise at Speedway locations.
Speedy Cash's Gift Card Buy Back service focuses on purchasing gift cards from a wide range of retailers, not typically their own branded cards. However, a Speedy Cash card obtained through the Speedway Gift Card Exchange program can certainly be used at Speedway.
The amount of cash you'll receive for your gift card through Speedy Cash's buy-back service depends on the retailer and the remaining balance on the card. They will provide a quote after you present your gift card information, and rates can vary.
Speedway's Gift Card Exchange program is for non-Speedway gift cards, and eligibility for exchange and the offer you receive will depend on various factors determined by Speedway, which you can check through their online portal.
A Speedy Cash card obtained through the Speedway Gift Card Exchange can be used for most purchases at Speedway, including food, fuel, and general merchandise, but there might be exclusions on items like lottery tickets and money orders.
While Speedy Cash doesn't explicitly state an online balance checker for all gift cards they buy, they will verify the balance when you present the card in-store or through their online quote process to determine the cash offer.
Yes, Speedway has a program where non-profit organizations can purchase a minimum of $500 in Speedy Cash Prepaid Fuel Cards or Speedy Cash Prepaid Gift Cards at a 5% discount for fundraising purposes.
Speedy Cash states they will tell you upfront what the retailer's rates are for the Gift Card Buy Back service, suggesting transparency regarding any potential fees or the discounted rate they offer.
Yes, Speedy Cash Gift Cards from Speedway are reloadable at any Speedway store or through their website.
Yes, other brick-and-mortar financial service providers like Check Into Cash also buy gift cards for cash, and you might find gift card exchange kiosks located in various retail locations such as grocery stores and malls.
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