CardCash is a well-known platform for buying and selling gift cards online. However, there have been concerns about its legitimacy and trustworthiness. Given the high rate of online gift card scams in the industry, it is understandable if you have doubts about any website or platform dealing with gift cards.
Given the high rate of online gift card scams in the industry, it is understandable if you have doubts about any website or platform dealing with gift cards. In this article, we’ll examine CardCash’s legitimacy and let you know once and for all if the platform is legit or a scam.
What Is CardCash?
CardCash is an online gift card marketplace founded in 2009 by Elliot Bohm and COO Marc Ackerman. The platform allows users to buy and sell discounted gift cards from popular brands. The founders’ idea for CardCash was born from their personal experience of having unused gift cards, a common issue many consumers face.
This platform offers a wide range of gift cards from well-known retailers. These aee Amazon gift cards, Walmart gift cards, CVS gift cards, Uber gift cards, and Starbucks gift cards. Users can buy these gift cards at discounted prices lower than their face value. There’s no extra charge for purchasing gift cards on the platform. Additionally, CardCash allows users to buy gift cards in bulk at reduced prices.
When buying gift cards on CardCash, users won’t get the card’s full value. The platform typically keeps 8-10% of the card value. Similarly, when selling gift cards, users can get about 90-92% of the card’s value in cash or as credit for another gift card. This means users can sell unwanted gift cards for a decent price, not the full amount.
Is CardCash a Legitimate Service?
CardCash is a legitimate platform for buying and selling gift cards, but it has received mixed reviews from users. Users have highlighted several red flags. While these issues suggest that CardCash is not a scam, users should be cautious and aware of potential risks when selling gift cards on the platform.
Features of CardCash
1. Wide range of gift cards
CardCash supports a wide range of gift cards, so you can rest assured you’ll find whatever gift card you want on CardCash. The platform supports gift cards from top brands such as Amazon, Walmart, Target, Spotify, Steam, Apple, Google Play, and many more.
2. Bulk gift cards
CashCash also enables users to buy gift cards in bulk for retail, businesses, or organizations. In addition, their bulk gift cards are sold at discounted prices. CardCash allows you to buy bulk gift cards without paying the usual cost, and in this period of economic hardship and inflation, every penny counts.
3. Trading fees
CashCash offers low trading fees that allow you to get up to 92% of the cash value of your gift cards. This is much better than what you can find on most platforms. However, trading fees on CardCash fluctuate, but on average, you’ll get around $85 for a $100 Amazon gift card and about $77 for a $100 Apple gift card.
4. Security
CardCash protects all transactions by verifying all gift cards before listing them. They also secure payments with SSL encryption. However, the platform doesn’t have an escrow, which means users are not fully protected, and fraudulent users can take advantage of unsuspecting users.
5. Payment method
CardCash supports PayPal, credit cards, and Gameflip credits for payments and transactions.
Best Alternative To CashCard — Prestmit
Although CashCard is a legitimate platform, the user reviews clearly show that it isn’t reliable. Allow me to introduce a better, more reliable, and trusted platform where you can buy and sell your gift cards without breaking a sweat: Prestmit.
Prestmit is a reliable and secure platform that allows you to buy and sell different gift cards and other digital assets without stress. It is licensed and regulated and uses 2FA and biometric authentication to secure your funds and data. Prestmit offers various payment methods and instant payouts for all transactions.
How To Buy Gift Cards on Prestmit
- Visit the official Prestmit website or download the Prestmit app on the Google Play Store or Apple Store.
- Create a Prestmit account and log in.
- Click “Gift Cards” and choose “Buy Gift Cards.”
- Select the card you want to buy from the gift card category.
- Choose your preferred quantity and enter the amount.
- Proceed to accept the terms of purchase.
- Choose your preferred payment method and follow the prompts.
- You will receive your gift card in your email immediately after the transaction is confirmed.
How To Sell Gift Cards on Prestmit
- Visit the official Prestmit website or download the Prestmit app on the Google Play Store or Apple Store.
- Create a Prestmit account and log in.
- Click “Gift Cards” and choose “Sell Gift Cards.”
- Choose your preferred payment method.
- Select the gift card you want to sell and choose the gift card type.
- Enter the amount of the card you want to sell.
- Upload the gift card image or enter the code in the comment section.
- Follow the prompts to complete the transaction.
- You will receive payment immediately after the transaction is confirmed.
Frequently Asked Questions on CashCard Review
How long does CardCash payment take?
CardCash typically sends payments to sellers within 1-2 business days after verifying the gift card details. However, some users have reported delayed payments, which can be frustrating ².
What type of gift cards does CardCash accept?
CardCash accepts a wide range of gift cards from popular retailers like Amazon, Walmart, Target, and other well-known brands
Are there minimum balance requirements?
CardCash doesn’t explicitly state minimum balance requirements, but the platform evaluates each gift card based on its balance and merchant. You can expect to get at least 92% of the actual value of your gift card, but some users have reported getting less than half of the value.
Conclusion
CardCash is a legit online gift card marketplace where you can buy and sell unused gift cards. However, due to their negative reviews, you might be sceptical about trading with them. If you are looking for the best alternative to CashCard, Prestmit is the best gift card marketplace where you can buy and sell gift cards.
