Did you know that just last year alone Canadians spent a whopping $6 billion-dollars on gift cards?
As a professed shopaholic I can’t fathom the idea of having a gift card and not wanting to spend it almost immediately but according to CardSwap.ca $1-billion dollars in gift cards went unspent in Canada last year alone (yes you read that right)! It’s hard to image that much hard earned money given to retailers without product or service redeemed in return. Seems so utterly wasteful but luckily there is now a fix to this problem!In the past these abandoned gift cards landed in a drawer or tucked in a wallet collecting dust but now thanks to Canadian based CardSwap in a matter of a couple simple steps you can sell that gift card to someone who will appreciate it and you are left with money in your pocket.
Benefits to buyers are that these cards are often listed at a discount as low as 10 to 40 per cent off the value of the card. Buying these cards at a reduced rate can really add a significant savings over time. Often you can find cards to retailers that you probably frequent often from Wal-Mart to your local grocery store. It really is a wonderful means of reducing your monthly expenses.
The seller makes money; the buyer saves money and CardSwap takes a 6 per cent fee for the transactions (minimum of $4.50). What a fab concept! The whole process is a win-win for everyone.
