CardCash.com Offering Highest Cash Payments With 'Card Cash Out Month'

NEW YORK, Jan. 4, 2012 /PRNewswire/ -- CardCash.com, the leading gift card exchange site offering customers the option to receive cash for their unwanted gift cards and then sells those cards at a discount to other consumers, announced today the start of "Card Cash Out Month". For the month of January, CardCash.com will be issuing their highest payments of the year for unwanted gift cards, giving consumers up to 92% of the face value of their card for retailers such as Walmart and Target.

"Card Cash Out Month" offers consumers a way to get maximum value for their unwanted gift cards they received this holiday season, getting back up to 88% for Best Buy gift cards and 83% for Gap and Old Navy gift cards. All consumers have to do to receive cash payouts for their gift cards is fill out a form on CardCash.com, mail in the gift card, and they will be issued a check within 24 hours of receipt of the card. If a consumer sends in a $100 gift card to Walmart, a check will be sent to them for $92 – so no gift card goes to waste.

While gift cards remain the most popular holiday gift each holiday season, with over $100 billion gifted annually and with 64% of consumers either buying or receiving one, more than 10% percent of gift cards received go unspent – more than $10 billion dollars worth of gift cards!

"It's always the thought that counts with a gift, but it's a shame to receive a gift card you simply can't use or would rather just have cash to spend freely," said CardCash.com CEO Marc Acker. "That's why CardCash is making things easy for consumers with 'Card Cash Out Month". We are helping insure no gift card gets left behind or lost for consumers – and giving top dollar in exchange for unwanted gift cards."

Gift cards annually go unused for a variety of reasons. More than 23 million consumers still have gift cards from 2010, but have not cashed them in yet. 58% of consumers do not have time to shop; 35% did not find anything that they want to buy; 32% forgot about their cards; and 7% will not redeem the card because they are lost or expired. "Card Cash Out Month" is looking to change that this year.

To receive cash for your unwanted gift cards, please visit www.cardcash.com and get up to 92% the face value of the card in cash or call 1-800-CASH-214.

About CardCash.com

CardCash.com is the leading online discounted gift card exchange, enabling customers to buy, sell or trade gift cards and save up to 35 percent on gift card purchases. According to a recent study, there are close to 60 billion dollars of unwanted and unused gift cards collecting dust in the United States. CardCash.com has been reaching out to millions of Americans since its inception in 2006. And now, just a few years later, the Web site has reached a new level, transferring millions of dollars per year in gift cards to people who have no use for them to people who are anxious to save money on all of their shopping expenses. Headquartered in East Windsor, NJ, CardCash.com presently offers the largest selection of discounted gift cards online and has the highest standards of security implemented to identify fraudulent sellers and inaccurate cards.

SOURCE CardCash.com