Soo one Christmas, my sisters and parents gave me several gifts cards to places that I don’t like namely Starbucks. So I attempted to redeem the cards for cash from cardcash.com. Big mistake.
The gist of the issue was, cardcash.com accepted my orders and confirmed the payment amount. Then 3 days later they sent me an email saying that they cancelled it because it was “suspicious.” The problem with confirming an order is that I didn’t hang on to the gift cards, which is probably what most people do. So in effect, they could have “cancelled” my order and then cashed the cards out and I wouldn’t know since I didn’t have the cards or the card numbers anymore. What they should have done, is verified the order and cancelled before sending emails saying I would receive the amounts in a confirmation email.
On top of that, look at the percentage that they offer for your cards: 75%. Thats a pretty steep profit they are making since they most likely sell these back for 95% of the actual value.
Overal, really lame. Do not recommend. Cardcash.com sucks. Theres many other gift card sites that I’d try over this one. Personally, I use ebay.com which although its against their TOS, I’ve sold them without an issue; just make sure the person who is buying has many positive feedbacks.