Now that Christmas is over, many people are lining their wallets with one of the most popular presents this year: gift cards.
More than 50 percent of consumers purchased gift cards for the holiday season, according to a National Retail Federation survey.
But not everyone is happy with this particular present – which is when websites such as Plastic Jungle and Gift Card Granny come in handy.
Gift card exchange sites can make it easy for the disgruntled gift receiver to trade in their unwanted cards for cash, or swap it out for another store.
It works like this: Users can log on to the sites, enter their gift card information for verification, and then receive up to 92 percent of the value for their card.
This way the gift cards might be used by people who genuinely like that store. Turns out a lot of gift cards go to waste: Experts predict that each year thousands of gift cards are unused.
As with any online transaction, watch out for scams. A few sites that are particularly reliable are Plastic Jungle, Gift Card Granny and Card Hub.