Every year, millions of people are on the receiving end of a gift card for Christmas. While there are those of us such as myself that absolutely love them, there are others that would rather have a gift or nothing at all. If you are on the receiving end of a gift card this year for a store or service you know you will not use – Wal-Mart will buy it from you and provide you with a Wal-Mart e-gift card!
This is a test program service Wal-Mart is offering for the first time this year, but if successful, it could become a permanent service.
You will not receive the full value of your gift card to use at Wal-Mart. For example, Amazon gift cards can be redeemed up to 95% of the face value, Gap up to 85%. For others, you may only receive 70% of the original card. Considering that over $1 billion worth of gift cards go unused each year (either due to losing them or not knowing what to buy), 70% is better than nothing at all, right?
Wal-Mart gift cards are the most sought-after on CardCash, the country’s largest gift card exchange website, said CardCash CEO Elliot Bohm. CardCash is Wal-Mart’s partner in the program. Financial terms of the deal weren’t disclosed. (source)
To exchange a card, go to http://walmart.cardcash.com and input your information. The Wal-Mart eGift cards should be emailed to you within an hour.