Raise reached out to let us know that they’ve recently lowered the sell-fees on their site from 15% to 12%.
Raise.com is a popular marketplace for selling gift cards. Unlike most of the other exchanges, with Raise you list the card yourself at whichever price you choose, and when the card sells you get paid.
Raise takes a commission on each sale. Until recently, their commission was 15%. They’ve now lowered the commission to 12%. We’ve updated The Complete Guide to Selling your Unwanted Gift Cards for Cash to reflect this change.
Interestingly, this change effects bulk sellers as well. The standard bulk seller rates on Raise was 13% on most cards (some cards are lower for bulk sellers). Now that went down to 12%.
Note that all Raise commission rates are based on sale-price, not face value. So if you sell $100 Sears gift card for $90, you’ll pay a $10.80 commission (90 x .12) and you’ll end up with a payout amount of $79.20.
First Time Seller Promo
There’s also a first-time seller promo code: SELLAF10 which gets you 5% off. You’ll end up paying just 7% commission instead of 12% on your first sale. Make sure it’s a high denomination card. 🙂
View Comments (11)
The e-mail Raise blasted today says 12% "Offer ends 2/21/17"
I see that now. Hmm...Maybe it's a test period. Raise didn't mention this to us but it's possible.
I just tried to list a gift card, but it appears this 12% rate is a promo only (no idea how long it will last) and it is NOT stackable with the SELLAF10 promo code. So according to Raise customer service they suggest I wait until after the 12% promotion expires to get a 10% rate with that coupon code. :/
I don't think that's true - the 12% rate is showing in the FAQ. Not sure why the promo code didn't work for you. Is this your first sale?
Yes, first sale. I couldn't even apply the promo code until I signed up, so I signed up and got the welcome email. I've never used Raise before as a buyer or seller.
I spoke to a raise rep today and he said the SELLAF10 promo code expired.
"Still too big a sales commission for what little they offer."
Agreed..
Still too big a sales commission for what little they offer. They need to cut fees a lot more. If they did, they'd make it up on volume. They need to use Amazon's model and drive everyone else out of business. You can almost always find cheaper places to buy and sell gcs.
"Interestingly, this change effects bulk sellers as well. The standard bulk seller rates on Raise was 13% on most cards (some cards are lower for bulk sellers). Now that went down to 12%." That would equate the regular sellers with the lowest tier of bulk sellers, which doesn't make a lot of sense. The lowest tier bulk sellers used to have a 13% rate when the regular rate was 15%, so I feel like they now should have a rate lower than 12%. Can anyone confirm?
To clarify: bulk sellers have certain brands that are lower than 12%, like Walmart for example is 8% (for most bulk sellers).
My understanding is that most brands are the same 12% rate for bulk and non-bulk sellers (with the exception of bulk sellers who negotiated a special rate). If anyone knows otherwise, please let us know.
I noticed this on some gcs that sold yesterday. So the 12% applies even to cards you listed prior to the change. Thank you Raise :)