Since a few holidays are almost coming, gift card sell becomes incredibly rapid. To make your gift card sell and revenue scoring process simpler and more secure, we prepared this ultimate guide. You will find tons of priceless and straightforward tips, solutions, and tricks here. Probably, some of the points from the list will inspire you to create attractive time-limited activities or thought-provoking tactical steps. Nonetheless, we are very curious to hear your experiences and well-considered ideas at the end. Now, if you already sell and trade gift cards or just plan this, you are welcome just as someone’s feedback or questions.
How are gift cards and what are their distribution options? A security initiative that solves the needs of the KYC, AML, and CFT in an easy and user-friendly manner created in 2016. The application of KYC, which stands for Know Your Customer, AML, which means Anti Money Laundering and CFT, which stands for Countering the Financing of Terrorism, is to ensure all transactions undergone on blockchain are monitored and then information obtained is used to satisfy safety regulator demands. There are several options for purchasing gift cards. First, if you have enough coins on your wallet you can simply generate and print gift certificates and present them as desired. Remember, that many people haven’t heard about the cryptocurrency, got hang of what to do with it and what on earth will someone want to do with the coins. You can always buy their gifts, but where is the personal touch in that?
Purpose of the Guide
The purpose of this guide is to get everyone "on the same page" regarding the procedures and best practices associated with offering and selling third-party gift cards through the PSC program. The guide does not contain every answer to every question related to gift card sales. However, it does provide a comprehensive overview of the procedures and processes. If a merchant asks a question, then let Corporate know so the question and subsequent answer can be added to this guide. With everyone following the same consistent plan, customers cannot play one store against the other, and customer service will have fewer issues with helping a store resolve issues. Also, the consistent implementation of procedures provides for an improved control environment, which is very important with a valuable inventory item such as gift cards. The primary purpose of the PSC program is to grow the Packaged Sales and Services category. Gift cards offer the opportunity to generate sales and profits beyond any other PSC item. If the procedures are followed and the program is properly managed, then the gift card category can and will be the #1 Packaged Sales and Services category.
Scope and Objectives
The scope of this guide is to summarize all steps that should be performed within gift card sales. It should provide enough information for managers and staff to successfully accomplish their tasks and stated objectives. To be most useful, it should also be general enough to allow for adaptation as circumstances dictate, as well as a detailed source of information on the many aspects of selling gift cards. The main objectives of this guide are to: 1. Identify the steps to be undertaken for successful cash-to-card activation. 2. Identify alternatives at each step. 3. Provide a concise reference for managers and staff to accomplish the tasks. 4. List problems for special attention and their solutions. It is expected that managers and staff will be seeking markers to measure success. This guide can be used as a reference for the successful completion of gift card sales activities with support from the appropriate approval authorities. The items identified should act as a foundation to aid in the implementation of other sales-related activities, such as increased awareness and relevant documentation, where additional proficiency development is needed.
About PSC Gift Cards
PSC gift cards vary in the country where they are awarded. PSC gift cards are only redeemable on the website and at a limited number of locations where the website has partnered to trade their gift cards where applicable. The cards are not exchangeable for cash. PSC will not accept liability for loss or damage incurred as a result of you or any third party redeeming the PSC card, including but not limited to: loss or damage caused by system errors; any act of fraud or abuse committed by or against you; any third party taking advantage of you; any loss or theft of the card PIN; or if you forget, misplace, or lose your reward card. PSC gift card availability on the website may vary from time to time.
The total amount of available gift cards is set on a first come, first served basis determined by the suppliers. If PSC runs out of a specific gift card, PSC will issue a refund in the form of PSC coins to related customer account credits. PSC reserves the right to remove and change gift cards' face value at any time. Reimpose gift card limits; reimpose the requirement that your account must hold a specific amount of PSC coins to claim a gift card at any time or at our discretion. PSC gift cards are just like gold and are subject to change at any time. Offers are subject to availability on a first come, first served basis or while stocks last.
Understanding PSC Gift Cards
What are PSC Gift Cards? PSC Gift Cards, also known as Paysafecard, are Canadian online cards for playing and payments. The cards can be replenished online with a set or master card. Paysafecard codes can be used directly to make a payment without any difficulties. Paysafecard PSC is available in many online shops. The gift card can be activated with a special access password. A plastic card should be given to your friend, and he will need to go to the specified website where he will enter the card number and password in the special fields. The amount will be credited to the account, but only after activation. The buyer can pay for goods online in the online store or the game account immediately after the purchase of the card. The balance and PIN/PSC code must be stored in a safe place. Keep the card numbers secret from others in case of any risk of unauthorized use.
What are PSC Gift Cards?
What are PSC Gift Cards? 2.1. What are PSC Gift Cards? PSC stands for Prepaid Service Corporation, and AGC for Automated Gift Card. Both are Visa and MasterCard alternatives, ruling the center of a popular wedding and holiday seasonality gift card through their AGC and Mall Card deployment solutions. PSC cards have either non-reloadable or reloadable prepaid values consisting of a fixed amount of dollars, which may or may not include an initial card fee and account maintenance fee. Non-reloadable PSC cards can be used by the payee until the dollar value is depleted or the 'Good Thru' date has passed, at which time the account rider becomes useful again on the payee's dollar balance with another form of remuneration. It differs from PSC/Mall cards that have US dollar denomination or foreign currency.
Types of PSC Gift Cards
PSC Gift Card is a virtual prepaid card that is given to provide an opportunity to buy necessary items. There are different types of gift cards, and each of them was developed for a certain purpose. The PSC company also provides a range of cards, and their names speak for themselves about what they are meant for. Taking into consideration that the aim of each gift card can vary, the name of the card speaks for itself and gives an understanding of what services or goods it refers to. Receiving a PSC gift card is not only an opportunity to purchase any items, whether services, devices, software, or products, but it also provides a certain social experience, enhances interpersonal relationships, and creates a special memorable occasion. Looking through PSC gift cards, there are five types of them, including PSC Skype Voucher, PSC Rixty, PSC Nero KwikMedia, PSC Norton Zone, and PSC The Contest for the Ultimate Hero. Each of the cards was particularly developed to help support specific services and items and unlock them. The first PSC Skype is an easy way to contact one another with calls and chats using online numbers, and the Skype prepaid card can be used anytime. With the card balance, it won't be necessary to make any monthly payments. The next card is PSC Rixty, which is meant as an alternative payment to credit cards and provides an opportunity to make any purchase on its website. The values of the gift card fluctuate from ten to 25 USD, etc.
Benefits of Selling PSC Gift Cards
This guide is all about selling gift cards. Participating brands and sellers are at liberty to sell and resell any given brand of gift cards, only this time, as gift cards. Gift cards are different from regular gift cards, as they assign one-time use PINs that, once used, can't be reused again. Also, they can be used in a variety of ways, including depositing money into digital deposit online casinos, paying in online shops, and becoming a member of online platforms. The key difference between a regular voucher and a gift card is that a gift card is usually a two-in-one thing – it includes a certain value that can be used in different ways – meaning players can deposit and withdraw gameplay winnings to and from using just one card.
Payments giant has been continually making waves in the gaming industry since the late 1990s. Ever since coming into existence, it has been a go-to payment provider for online gambling fans because of its high security, in-house team of fraud specialists, and ultra-fast payment times. It’s no surprise then that punters have come to expect using for gaming transactions. They usually look for a convenient way of exchanging their preferred gift card type for a prepaid card and depositing in an online casino. This is exactly where the gift card comes in handy – by using this card, they can fund their eWallets with the amount wanted and without leaving a digital trace. Moreover, as a gift card, it can be sold for a higher face value, making it an attractive option for sellers. Thanks to gift cards, funds become even easier to access. So get ready to push a whole lot of them!
Financial Benefits
There are many great benefits to enrolling in the gift card sell program. The most important is that your club will earn 600% profit on each sale. Every single gift card purchased will cost your club 25 cents, and your club will earn a whopping one dollar and ninety-nine cents! What makes the deal even sweeter is that your club has nothing to lose. There is no minimum order quantity and no fees, so you can sell as much or as little as possible!
Since you can sell at any time of the year, your club can raise money year-round. The gift cards always make for a quick and easy fundraiser. Top sellers can select from any of our 300+ brand names, popular gift cards, and specialty fundraising gift cards. With such a large variety of gift card brands in stock, your club can sell to many demographics; our gift cards will sell to all your fashion-minded, entertainment-seeking, food-loving, and sports fans. A few of the top-selling gift cards include Walmart, Sears, Best Buy, Borders, Starbucks, Red Lobster, Olive Garden, and Linens 'n Things, just to name a few.
Convenience and Flexibility
Not only are they the most preferred gift for consumers, they are also the most convenient gifts to give. Giving gift givers the confidence knowing they are giving the "right gift" for any occasion is one of the many benefits that make gift cards the optimal gift. Customers can buy and redeem gift cards at many different locations so their gift choice can fit their recipients' tastes and lifestyles best. Plus, available amounts can meet most customer budgets. From $5 to $500, customers can purchase a gift card in a denomination that fits their individual need, easily loadable at POS, or choose to give a special occasion themed gift card or carrier. Furthermore, customers can use cash, check, or any major credit or debit card to purchase the gift cards, and the cards can be easily reloaded when the recipient needs more funds. Customers can even use gift cards to pay utility bills. Gift cards are also a very convenient gift. They are often given by people in the 25-34 age group who have a strong fondness for the product, those who haven't seen the gift receiver in a long time, and to hairdressers, barbers, etc. Gift cards are quick and convenient. However, older consumers who are unfamiliar with gift cards find activation charges and non-usage fees on inactivity difficult to understand and the cards frustrating to use because of those fees. From an industry perspective, gift cards are also quick and convenient to process because they are virtually cash for the company and their retailers.
Key Steps to Sell PSC Gift Cards
• Sell PSC Gift Card for Selling Club — Enter the Selling Club sell program by clicking the link in the email you receive after claiming your store information and agreeing to the terms of the program. By agreeing and then saving your Shopper ID, you agree to sell PSC Gift cards. If you do not agree, you will not be eligible for the program and will not be promoted through paid or organic promotions. Please note the terms and conditions below, which are subject to change. • Get Approved for the Program — Once you have agreed to the terms and conditions, you will be sent a welcome email. You also need to be part of the SSH program in order to sell your PSC Gift cards. Once approved and your Shopper ID is live, you will also be authorized to sell PSC Gift cards. • PSC Gift Card Landing Page — Once approved, you will be given access to the PSC Gift card landing page, which contains your store information that drives paid and organic marketing. This helps drive sales of PSC Gift cards. We will send emails promoting your store. Also, see below for other ways to promote your PSC Gift card. • Sell PSC Gift Cards — Watch the sales come in!
Step 1: Gather Necessary Information
Before commencing on PSC gift card sales, make sure to have all the necessary information. The most important part of the deal is the value of the card. Make sure you have the latest information about what the balance is, as most do not have the cash register printout with them. While taking the printout of the card, also capture the screen information with the complete barcode and the card reference, if present beside the barcode. During the card exchange, you may be replacing all these barcodes and reference numbers with the new gift card. Know all that you can about the restrictions on the card. It might have an expiry date, so make sure to exchange the card well before the expiry date. Know what the service fee is charged after a period of inactivity and take action to protect the balance.
Once you have these, then you are ready to exchange the card based on the following card selling sequence. Since you may not have a lot of similar value gift cards that will enable you to completely utilize the balance value, organize the cards in ascending order to minimize the chances of card balance remaining after the deal closes. Follow the steps outlined earlier to get as much as possible to the balance value remaining after dealing with the most valuable card. Make sure you keep every printout during the balance check so that the customer knows that the dealings were based on real values.
Step 2: Choose a Platform or Marketplace
Several platforms allow you to choose your selling price, and the commission they charge is relatively low. Always remember that the platform selected determines the rate at which your card is going to sell. You can also sell to check cashing stores, pawn shops, and the kiosk at grocery stores. Another option is where a buyer is willing to purchase the gift card code and make payment in the form of bitcoins. You must ascertain the reputation of the buyer before proceeding to make a sale. In addition, you can choose to trade the gift card code for an inadequate amount of cryptocurrency directly from private sellers.
Step 3: Set the Selling Price
First, change the selling price. Our tool lets you enter the "service fee" to see what the right selling price is. Here is one example with a price match of 90%: A typical $25 gift card will require this selling price to be set at $25.10 in the "selling price" box. If you want to select this card as one of your first two sales, go to step 3. Complete the sell. After a few sales, you can perform the final steps below. Once we see your sales go through, we can add more cards to our guide.
Make sure the gift card's selling price meets the following guidelines: No 60%-80% cards priced above $10. We want to give customers better deals as they increase their service fees. Due to this, if a card costs $10 or below, we will always list this type of card as the best deal, displaying a price match of around 90%+ (this number is calculated using the feature). So it is not a problem if all of your cards are through this section. No 100% card priced above $10. Super matching customers will prefer the 90% subscription option over the single 100% option as long as the price matches are within a couple of percentage points.
Step 4: List the Gift Card
Gift cards are different from products that are physically shipped, and listing them has a few separate details to consider. The only thing that determines the category position of the purchase card is the CMPG block, and that category position depends on the first few digits of the gift card number and is a numerical code defined in CPAS. If there is no defined CMPG for a certain category, the category is not used in the list of the POS terminal. The CardGroup assignment rules require settings before you start listing.
Category position is typically used only as 00, 20, and 40, and the default/booth sequence and group layout screen for purchase categories will have the overview option disabled since only CMPG setting can be made there. In many cases, purchase cards may be used with simple operation or emergency switch is used by defining the gift card number range under the setting of the corresponding category.
Step 5: Complete the Sale
The ultimate guide to PSC gift card sales: tips and tricks - 4 of 5. How to also sell gift cards - gift card sales in the PSC Vx520. Step 5: Complete the sale. With this function, you can sell gift cards with various denominated amounts. This function is best used for small-denomination gift cards, for example, in an amusement arcade. This method only works if there is a gift card activated through the terminal. Enter the amount of the gift card sale, and press Enter, and slips are printed for the customer. Multiple entries may be required to reach the required dollar value.
If the customer’s gift card does not have enough value, the following message appears: Would you like to prepay the gift card to complete the sale? When the customer requests a different amount after this message, simply sell a new gift card for the required amount and add it to the original. With the first gift card already sold, there is no need to request an amount at this time. Press gift card sales without any entry, and for smart card, the terminal automatically reads the balance value. Purchase completes the transaction regardless of liability performance.
Tips for Maximizing Profit
Put the $10 PSC Gift Cards Near: After performing many, many actual Sell the $20 PSC cards first, then $35, then the $50. But still strive to sell all the $10 cards you can. The reason that the PSC cards are so close to each other graphically on the display kind of suggest that there is something of a pecking order to these puppies. Remember the Cash Register: The most popular PSC denominations are 20 and $35. These are also the ones that have the activation fee. People tend to forget or get upset at the activation fee on these denominations. Please make them aware of this. It is important to do this when they bring it to your register and it is imperative if you are working out of the regular checkouts. Educate the Customer: Tell them, in a very diplomatic way, that there is NO option to get a refund or a replacement if the card gets lost or stolen. This is money, so it is no different from cash. If they have any second thoughts and a loss, you can't do anything about it. On the other hand, you probably won't be checking to make sure that there is a card in the package. At the end of the night, you could purchase a candy bar for yourself with the empty package! Ouch!
Tip 1: Timing Is Key
Since the busy season often brings about concerns regarding consumer fraud, it can be difficult to move those cards off your hands. Similarly, while Christmas may bring more requests for the latest and greatest items and other gift cards, it can also be more difficult to keep up with the demand. To help try and time your sale correctly: - Plan your sale around key high-traffic shopping days in December and early January that don’t have historically high pricing to target people who may be looking for a cheaper alternative. - Create sales content that is directly related to your top-selling items. - Plan an off-sale sale, if possible, so you can fulfill customers’ final gift card demand when other retailers’ demand tends to skyrocket. Be sure you have a sales plan in place for these days so you can act quickly when the holidays are fast approaching.
Tip 2: Check Market Rates Regularly
That brings us to Tip 2, which is to check the gift card market regularly, so you understand what prices are doing. Regarding gift cards, there is no single buyer of a large volume of cards. Gift cards are sold on multiple platforms, for many different currencies, and varying exchange rates apply. The presence of a large number of market participants, considered along with the variety of currency exchanges, results in gift card prices that fluctuate significantly. Traditionally, gift card prices vary at night and on weekends against large providers of other goods or services. These large providers are markets where it is necessary to balance the risks when the competition for a disbalance of supply and demand is present. Small markets look more acceptable to try to make a profit without much risk.
Tip 3: Bundle Gift Cards for Higher Value
The value of a service is not only its price but also the time saved. The best savings are those that do not assume any losses, such as supermarkets, where by purchasing a set of certain products, you can save on something. It is the same with gift cards. The idea is simple: the customer buys several gift cards at once, each with its own value. When you purchase a set, a discount is added, thereby increasing the customer's balance.
The betting mechanism in this case is also quite simple. The customer finds the gift card bundle he wants and makes a purchase. After that, he sees the entire list of his gift cards and can transfer or sell their funds as he pleases. These bundles can be combined with the bonuses promotion. For those who are already adding credit to their accounts, we can use this approach, although it may arouse the desire for abuse among customers. No one likes complexities, but many like gifts and benefits. This gift fits perfectly within the store interface, visually displaying what the client can get by making a purchase at the stage of familiarization with the goods.
Legal Aspects of Selling Gift Cards
For big stores, the sale of gift cards is not only a way to stimulate consumer activity but also a separate source of income; after all, some of them are never activated and never come to their recipient. That being said, should the law make any provisions in this regard? Is it legal to resell a gift card at a discount? Are the terms and conditions for the return of the purchase and warranty period assigned to the buyer receiving a gift card? The law does not directly address the issue of reselling gift certificates, which means that there are no sanctions for this. In the case of gift certificates from network companies, they usually do not have the function of a certificate of title to goods; therefore, such resale does not violate the law. The last statements from the employees of the stores themselves indicate that reselling a printout of a virtual certificate or a discount number, a copy or a photo of it, is possible.
However, large stores refuse to provide a cash purchase return if a buyer offers a payment document payable on the same day. The situations are different, but try not to be in time. Some are looking to organize separate sections for the sale of electronic gift certificates. At the same time, exchanging cards and certificates acquired for goods offers C2C offers for living abroad. The terms of the gift card shall be valid for 12 months from the date of its sale and are subject to the presentation of a card or number and a PIN code.
Safety Precautions for Online Transactions
Finally, make sure it’s safe and legal where you live. As of 2013, a case has not been found on the public record. Since the investigation very publicly looked into the secondary marketplaces and did not close the websites, it appears that this sector is not breaking any known laws. Safety precautions: You should also never buy gift cards "in unopened foil." You should never buy any gift card "in unopened foil." Almost all online market scammers follow the same rule: do a 7-day auction, never mail anything, keep looking for the next victim. There is an excellent money-back refund guarantee policy. If a seller is really selling a card "in unopened foil," it’s highly unlikely that many people will bid on it. They will be bidding a large amount for potential problems and a lost investment of time that a traditional seller can alleviate.
With extra precautions on Shipping Blocks in place and the right KYC options selected, running a PSC Gift Card Sell online can be a great way to generate extra cash. As with so many things, planning is essential with this activity and paying attention to the Buyer data can potentially save a lot of time and trouble. When uploading cards, just wait until the transaction is created - you can take it off sale until they sell. This way, the card only gets processed in the GT in the game it was exchanged in first! On the market, you can create as many trade slots as you want. Keep in mind that inexperienced sellers usually either put their cards on sale for less than they should, or don't create enough trades to sell all of them. Before uploading a large amount of cards, make sure you have enough Trade Slots to sell them!
Finally, you are ready to start selling your gift cards! We accept both physical and electronic gift cards from over 500 retail shops. All gift cards must be in your own name and must tie to yourself, through personal and private information. Gift cards must be validated with an online check as per the instructions. Welcome to the GT! If you are new to Gift Card Trading or could use some help on "Selling," this text is for you. I encourage you to read our Community Standards before you start. If you have more questions or want to discuss the process of Trading Gift Cards, you are allowed to attract Buyers by placing a marketing discussion in the Buyer ads section on the forums. Agreement with the Buyer is not mandatory. Gift Cards cannot be sold in the chat; all trading must be done on site.
Recap of Key Points
Even if you read nothing else but the summary, you would benefit significantly from these key points: 1) Cut the card. 2) Keeping a low cash balance leaves you exposed to a bad position. Spike the padding that you carry by recycling. 3) Check your card position every night when doing the stash. 4) Keep on top of your card holders. Many companies will ask you on the operating statement. Pay extra money at the year-end with what you say on the operating statement. 5) Look at your sales trading credits. 6) Transfer cash to gift card account. 7) Whatever position you're in, never sell any cash balance. 8) Balance out your own card. 9) When transshipping, always make sure you have enough money. 10) Disaster recovery procedure. First, it is important to prevent freezing up a bad P&L. Afterward, address the cash flow shortage.
In this guide, I’ve discussed a number of tips and techniques to effectively sell gift cards, mostly motivated by interactions at the till. I start with a number of introductory tips to set the stage and then move on to a set of methods to increase the quantities sold for each promotion. This includes methods for increasing gift card revenue and methods for increasing foot traffic. At various points, I’ve flagged the relative importance of a given method and identified the sweet spot in terms of the balance between ease of implementation and impact. Finally, I end with methods to handle special issues and a potpourri of other methods. In summary, success hinges upon a number of methods. First, put together a compelling presentation package. Next, leverage other offers to increase the number of cards purchased or to up the dollar value. At the register, your engagement with the customer matters and will help to realize the full potential. Position strategy cards in-store and determine the optimal card-amount mix. Furthermore, smartly handle special issues, cash balance cards, and other local offers. Beyond avoiding pitfalls, remember to record your earnings, take care not to give away free margin, and finally, perform penetration checks. Best of luck!
