A New Gift Card Reselling Tool
I know I have been writing a lot about gift cards lately, but there is a lot of opportunity right now in that space and thus I am excited about it. I also find that it is best to stay on top of trends and to take advantage of profitable opportunities when they arise.
In my beginner’s post to gift card reselling (and later in Noah’s more advanced post) one of the topics covered was comparing rates across a variety of resellers. I specifically mentioned using Gift Card Granny, since they do a fairly good job of keeping up to date on rates, but I have found a better resource.
Gift Card Wiki is Awesome
Thanks to a tip from a reader, last week I found a site called Gift Card Wiki. Much like Gift Card Granny, Gift Card Wiki compares rates for both buying and selling gift cards. You can see how much the discounts are on the buying side and how much each of the major resellers will give you if you sell a card to them.
Gift Card Wiki has three main advantages:
- Cleaner design
- Historical data
- Data is refreshed hourly
Cleaner Design
This first point is more of a personal preference, but I like the way Gift Card Wiki looks. The design is clean and it looks far nicer than the dated Gift Card Granny site. It also has a number of useful filters which help to narrow down the data you want. There is A LOT of functionality if you dig around.
Historical Data
Speaking of data, Gift Card Wiki charts two key statistics. First, they keep historical data on the discount % of gift cards on the market. If you see a card that is normally discounted 10% but now is only discounted 5%, then it is probably a good card to buy since inventory is most likely scarce. Of course it also helps you find which cards to avoid.
Secondly, the site keeps track of the total dollar value of cards available on the market for a specific merchant. You can now easily see if a flood of cards has hit the market and determine if resell rates are thus going to drop. The best thing about this data is it is so easy to read.
Data Is Refreshed Hourly
I can’t tell you how many times I have seen a rate on Gift Card Granny and clicked through to find that it is wrong. In the competitive gift card marketplace, rates change all of the time. Since Gift Card Wiki is refreshed hourly, it seems to be more accurate. While my experience with the site is limited, I haven’t found one error yet.
Conclusion
I was so happy to find Gift Card Wiki and it is definitely a tool that I use everyday now when looking at gift card rates. Hopefully they will continue to innovate, since the service and their use of data is extremely helpful.
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Awesome find, thanks!
I’ve recently become a bulk seller w/ Cardpool and Saveya myself and this looks to be a great tool.
How long did it take for you to get bulk status with Saveya? I’ve been waiting over a week since I submitted the application! Thanks 🙂
Blocked as “sex” at my work too. Hahahaha surprisingly, your blog isn’t blocked because most blogs are. Darn my company’s overly sensitive filters…
Using the site on my phone instead.
Their buy rates don’t seem to update every hour unlike their sell rates, as they claim on their website. Sent them a message to see if they can have that feature update hourly too as many of the buy rates changed over 24hrs ago yet they are still showing the old buy rate. For example BP on SaveYa was 91.5% but changed to 90% yesterday, but are still showing it as 91.5%.
Hope it’s a minor update.
Yeah I noticed there are some discrepancies. Hopefully they work that out and can get it to update accurately, but as of now you still need to click through to verify. I also have noticed that Junkcard buy rates aren’t correct for a lot of merchants.
Do NOT, I repeat do NOT use JunkCard!!! I was just scammed by them! The check they sent me bounced. I am verifying for you that they are a scam site and not an honest business. Why can’t people just get along and not scam others? Why?!
Ah damn, site is blocked at work because of “sex”
must have some adult gift cards listed?
@Shawn Coomer
awesome!
i understand giftcardwiki aggregates various GC resale sites.. but which sites are actually best to resell please? lowest fees, fastest pay out.
thanks!
Wish they listed selling prices as well.
[…] Gift Card Wiki is the best gift card resale comparison site according to Miles To Memories. I don’t get into this as I am so busy pumping my links (ha) but some of you may find this useful. […]
Do you have a link? Searching for “Gift Card Wiki” I can’t see anything in the first page of results.
It’s http://giftcardwiki.com/
Checking their alexa page shows that it just popped up VERY recently. I imagine it will start showing up in google soon.
Ha, the site is being filtered by my company for ‘sex’ content. Wonder what it was before?
If you favorite the site is shows up as “Hot Gift Card Deals”. I think the word Hot is the culprit here 🙂
I didn’t realize that I hadn’t included it in the post. My apologies. http://www.giftcardwiki.com/
Nice find. Have to play with this more…
Nice find! I haven’t seen this site before, but it looks WAY better than Gift Card Granny so far.
Haha. I thought you were just keeping it a secret.
I was actually thinking about creating something along the same lines, but I don’t think it would have looked as nice as this. I can’t find any info the web about them other than your post, so I feel like it just sprung up overnight. Gift Card Granny better watch out, there might be a new king in town.
Yeah the domain was just created in January. Whoever created it is very talented.
Awesome! Always love those trend figures.