How much would you expect to pay (on the dollar) for giftcards?

[Viper GTS]

Let's say you had a chance to purchase giftcards for something you would do anyway (a store you frequent, for example).

What would you be willing to pay on the dollar?

Viper GTS

 

[murphy55d]

70 or 80 cents, I voted for 70.

 

[RossMAN]

Speaking of gift cards I have a Circuit City $69 and Best Buy $71, if anyone is interested

 

[Viper GTS]

Originally posted by: RossMAN
Speaking of gift cards I have a Circuit City $69 and Best Buy $71, if anyone is interested

Out of my thread you bitch!

Viper GTS

 

[GoingUp]

Originally posted by: RossMAN
Speaking of gift cards I have a Circuit City $69 and Best Buy $71, if anyone is interested

lol how much do you want for them

 

[NuclearFusi0n]

Anything less than around 95 cents....

 

[RossMAN]

Originally posted by: Gobadgrs

Originally posted by: RossMAN
Speaking of gift cards I have a Circuit City $69 and Best Buy $71, if anyone is interested

lol how much do you want for them

Make me an offer, should only cost $4.30 to ship via USPS Priority w/ DC.

 

[dullard]

Giftcards carry a lot of annoyance, thus I would never want to exchange $1 cash for $1 in gift cards. Issues I've had:
1) Your gift card is valued too high, meaning you need the hassle of coming back to the store for another purchase. What if you don't need anything else?
2) Your gift card is valued too low, meaning you have to pay with two different methods which is always annoying.
3) Some gift cards have monthly fees. Cash doesn't.
4) I get 2% back on my Discover Card, I'd lose that with a gift card (unless I can buy the gift card with my discover card).
5) You have to carry the dang card with you. I so frequently end up at a restaurant where I know I have a gift card, only to remember it is on the kitchen counter...
6) Are gift cards transferable? Ie if I have one in my name, would the store honor it if my wife is there without me? What an annoyance that could be.

However I'd never expect to pay much less than $1 for a $1 gift card. No store would do such a thing (otherwise everyone would buy the gift cards first and never pay full price). So I voted $0.90 in your poll.

 

[Viper GTS]

Originally posted by: dullard
Giftcards carry a lot of annoyance, thus I would never want to exchange $1 cash for $1 in gift cards. Issues I've had:
1) Your gift card is valued too high, meaning you need the hassle of coming back to the store for another purchase. What if you don't need anything else?
2) Your gift card is valued too low, meaning you have to pay with two different methods which is always annoying.
3) Some gift cards have monthly fees. Cash doesn't.
4) I get 2% back on my Discover Card, I'd lose that with a gift card (unless I can buy the gift card with my discover card).
5) You have to carry the dang card with you. I so frequently end up at a restaurant where I know I have a gift card, only to remember it is on the kitchen counter...

However I'd never expect to pay much less than $1 for a $1 gift card. No store would do such a thing (otherwise everyone would buy the gift cards first and never pay full price). So I voted $0.90 in your poll.

I'm talking about buying them off of an individual.

Obviously giftcards are less flexible than cash, thus reduced cost vs their face value.

Viper GTS

 

[dullard]

Originally posted by: Viper GTS

I'm talking about buying them off of an individual.

Lets say as a seller I wouldn't accept less than 90% of the full value. I might as well go to the store, make a purchase, and then take it back for cash (if the store allows that). Or buy something with good resale value, and then ebay it. That would be better than selling it for much less than 90% of its value.

So as a buyer I wouldn't expect to pay much less than 90%.

 

[Viper GTS]

Originally posted by: dullard

Originally posted by: Viper GTS

I'm talking about buying them off of an individual.

Lets say as a seller I wouldn't accept less than 90% of the full value. I might as well go to the store, make a purchase, and then take it back for cash (if the store allows that). Or buy something with good resale value, and then ebay it. That would be better than selling it for much less than 90% of its value.

So as a buyer I wouldn't expect to pay much less than 90%.

Good point... Hadn't thought about that, although that does make them much more difficult to get rid of.

Basically I'm looking at the potential end of the Sony Rewards program & I have ~26K Sony points built up. That's enough for 13 $20 Blockbuster gift cards.

I'm trying to come up with the highest $$$ value out of the points, & so far giftcards look like a much better prospect than buying/selling sony gear.

Viper GTS

 

[pyonir]

I voted for .90 before you posted that you meant buying them from someone. I thought you meant would i buy a giftcard from, say, best buy for .80 on the dollar so that i get a discount on merchandise. (not likely, but you never know).

From a private seller such as Ross, i would probably pay no more than .80 or .75 on the dollar.

 

[Banana]

Originally posted by: Gobadgrs

Originally posted by: RossMAN
Speaking of gift cards I have a Circuit City $69 and Best Buy $71, if anyone is interested

lol how much do you want for them

Brave of you to go head to head with the Grand Nagus. I'd bring a lawyer and a CPA.

BTW, I recently bought/traded for a gift cert on FS/FT. I think it ended up around 85% of face value.

 

[kranky]

For me, buying something and ebaying it would be a heck of a lot less appealing than selling a gift card for 90% of face. I'd probably be thrilled to sell them for 80% of face to get quick cash in my hand and be done with it.

 

[Jugernot]

Errr... most places sell em 1:1.

 

[Jeraden]

I think a lot depends on what store it is. If it was a store I know I'd be definitely buying from anyways then I'd buy for pretty close to face value, like maybe 95% if it was a high enough amount. I've bought several off people in the fs/ft forum for places like best buy for around 90% which is usually about the going rate for a higher valued card. Its really not worth the hassle if you are only saving a couple bucks though. If I knew I was going to be buying a big item I'd pay $95 for a $100 card. However, I wouldn't pay $19 for a $20 card (95%) since its not worth the hassle of saving a buck. For a $20 gift card, I'd say $17 would be a typical value you could expect to pay/get for one to a decent store.

 

[Viper GTS]

Originally posted by: kranky
For me, buying something and ebaying it would be a heck of a lot less appealing than selling a gift card for 90% of face. I'd probably be thrilled to sell them for 80% of face to get quick cash in my hand and be done with it.

Believe me, dropping a giftcard in the mail is MUCh more appealing than trying to get rid of hardware. I had originally planned to get a DVD burner or something like that & sell it, but giftcards are faster, easier, & would likely produce a higher dollar value.

Viper GTS