The process of exchanging unwanted Target gift cards for cash involves various online platforms and physical kiosks. For example, a consumer might have received a gift card they are unlikely to use and opt to convert it into funds for other purchases or expenses. This exchange often involves a deduction, meaning the consumer receives slightly less than the card’s face value.
This practice provides financial flexibility for consumers and a secondary market for gift cards. It can be particularly beneficial during times of economic hardship or when individuals prefer immediate liquidity over stored value. Historically, the ability to convert gift cards into cash has evolved alongside the rise of gift card popularity and the increasing demand for convenient financial tools.