A gift card can be exchanged for cash through exchange websites or at Coinstar kiosks, according to Money magazine. Cardholders also can trade gift cards through several websites. Exchange or trade services usually deduct a portion of the original value.
To get cash back for a card, cardholders may visit websites such as cardpool.com or giftcards.com to compare cash exchange offers, states Money. Coinstar kiosks pay cash for gift cards with a minimum balance of $20 from many business establishments. Once the kiosk presents offer for a card and the customer accepts it, the machine issues a voucher to be exchanged for cash. Gift card holders also may trade cards for others they are more likely to use through services such as giftcardgranny.com. Walmart offers store credit in exchange for gift cards from numerous other retailers at walmart.cardcash.com.