Is Cardpool the best way to score a great deal on a gift card or just another sneaky scam?
Would you like the idea of scoring a $100 gift card while also only paying $75? These and other great deals are marketed on Cardpool;s website and are purchased by people just like you and me. However, the validity of these deals is yet to be determined. Not all of the advertised deals pan out and there are many concerns raised about whether or not Cardpool is a scam. Read on to learn what we think of the service Cardpool offers and to find out whether or not we would recommend it.
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If you’ve been looking for a convenient way to buy or sell used gift cards, then Cardpool may seem like the perfect solution. Cardpool can be described as a gift card exchange service. This service is used for people to purchase, sell, or trade their pre-owned or brand-new gift cards on a single platform. However, Cardpool may not live up to its claims to sell full-value cards conveniently. Read on to find out more and to see what our opinion is of Cardpool’s gift card trading service.
When Did Cardpool Start?
Cardpool is a service that started in 2010 and was founded in 2009 by Timothy Wong and Anson Tsai. The company’s headquarters are located in the San Francisco Bay area on the West Coast.
What is Cardpool All About?
Cardpool is a platform that provides the opportunity for people to buy, sell, and trade gift cards. The gift cards can be brand new or pre-owned and can be purchased for up to 30% off their face value. Users can also sell their gift cards for up to 90% off their face value for cash and trade their gift card for an Amazon.com Gift Card. Users can also decide to simply donate their gift card to charity instead of selling it for a profit.
The founders of Cardpool stated that they built the service so that no gift cards would go unused. The idea was that if you received an unwanted gift card as a gift, you could simply sell it or trade it for something you wanted. The concept is that everyone can benefit by getting rid of a gift card they don’t want any longer as well as the recipient benefiting by getting a gift card they want for a discounted price. With Cardpool, anyone can buy, sell, or trade gift cards.
Can You Earn With Cardpool?
The premise of Cardpool is that it works as a broker, offering both the buyer and the seller the opportunity to have a transaction on a neutral platform. However, the question on many people’s minds is can you earn money this way? The platform claims that you can earn up to 92% of the value of the gift card which makes it one of the highest buyers of gift cards online. People who decide to sell their gift card to Cardpool can receive a check within one day of the company receiving the gift card. Alternatively, people can choose to exchange their gift cards for electronic vouchers from Amazon.com.
Users of the Cardpool platform can choose to sell a wide variety of different types of cards including both physical and digital gift cards.
Is Cardpool Worth Your Time?
Although the entire concept of Cardpool is a very valid one and makes perfect sense for people to buy, sell, and trade their unwanted gift cards, it doesn’t always work out that way. There are so many complaints about Cardpool online and the Better Business Bureau has even issued a warning statement about the company.
Many people claim that Cardpool is a scam but the fact is that it is a legitimate company but they don’t always provide the best customer service. Many people have tried to redeem their gift cards only to find out that the value the card was supposed to have wasn’t there at all. The gift cards that should have had a specific amount were empty and couldn’t be redeemed. With that being said, let us review the possible pros and cons of buying, selling, or trading gift cards with Cardpool.
Pros of Using Cardpool:
- By selling, you can receive up to 92% of the gift card’s value
- The website offers free shipping
- The company accepts gift cards from a variety of different merchants
Cons of Using Cardpool:
- Users have complained that the balance is less than it is supposed to be
- There are many complaints about the company for bad customer service
- The BBB has made an adverse statement about the company.
What Others Are Saying About Cardpool?
“I sold a gift card to them and never received the payment that was agreed upon. I filed several complaints and they did not correct the error. At every point in their response, they have been rude, outright liars.”
“I got a response from Cardpool after two days and the issue has been resolved. Wish the support was faster but given the pandemic, maybe they are not operating at regular capacity.”
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Our Conclusion For CardPool:
Every company has its pros and cons and it makes sense to understand that there will be complaints about any service. However, the excessive amount of complaints that Cardpool has received makes it seem as though this is an opportunity you should steer clear of. When it comes to purchasing gift cards, it may be better to get them from a store and hold on to your receipt so you don’t lose out in the end.
If you have had a different experience with Cardpool, we would love to hear about it! Leave your comment down below and tell us what you have experienced with this company. Be sure to check back with us often for many more money-making opportunities!
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