Is Cardpool Legit or a Scam? (Review)
Looking to buy some discounted gift cards? There's a good chance you've come across a platform named Cardpool.
The website claims you can get good deals on several gift cards. Is it legitimate or a scam? Can you get real discounts on the gift cards? That's what we'll be covering in this Cardpool review today.
It's always nice to do some research since with it, you can identify legit products that work, and also avoid online scams at the same time.
Cardpool is a platform that specializes in buying/selling gift cards. If you place an order with them, your gift card will come with a 12-months warranty, and offer free shipping as well.
With their gift cards, you can get up to 35% discount on all your purchases. If you want to sell one to the company, expect to receive up to 92% of your gift card's said value. They also verify gift cards' validity by processing transactions from time to time.
You can either get a discount on a gift card, or get paid in real cash if you want to sell a coupon code. Before you sell your voucher, you will have to mention your card balance and the vendor's name. Once it's all verified and approved, you will receive a check via mail.
Cardpool works with a number of retailers, and that's one reason there's a proper review process before your card is approved. The goal is to make sure it's something people desire, and that it meets the criteria set by the product vendors.
They also have a mobile application which is available on Apple store. With it, you can buy/sell and redeem cards. All of your accrued balance will be securely stored in a digital wallet. However, for listing a card on the marketplace, the only option to accomplish that is by going to the main site.
You can definitely make some dough selling your unused gift cards. If you sell one, the rates will depend on many factors. Depending on the card type and the merchant, it will vary.
Once your card is listed, there are two ways to get paid:
- When the card is placed and is live on the marketplace
- When the payment is processed
However, you will still have to wait till someone makes a purchase, and orders your gift card. The moment a buyer receives your card, you will get paid.
With physical cards, it's a bit of a chore. You'll have to print the Cardpool shipping label, and then paste it on the card. You can sell both physical and virtual cards, as long as the value exceeds $15.
If you can bring more people into the system via referrals, that's even better. For your marketing efforts, you can make $5 for every purchase one of your referrals make. Also, if you use Amazon gift card for redeeming a cashback, you can make an extra $5 on your gift card sales.
There are two ways to receive payments from CardPool:
- Amazon gift card that you can redeem on your next purchases on Amazon.
- Paper check sent to your mail (usually arrives in a week's time).
You may have to use supported kiosks if you want to get instant payments. Simply carry your unique ID and the card, and exchange it for cash at the kiosk. With some of the vendors listed on the website, you can directly enter the voucher code and get reimbursed accordingly.
Things We Didn't Like
Here's a few things you need to keep in mind if you intend to get started with the platform.
Things We Liked
There's a lot to like about Cardpool. Not only do they have an excellent feedback on many websites, they've been in the game for more than a decade.
Final Words - Is Cardpool a Scam?
No, far from it. Cardpool is a legitimate platform that deals in gift cards. If you shop on a regular basis, you can greatly benefit with the company. You can also sell some of your unused cards for a quick buck. Their rates are very reasonable as well.
There are a few things to keep in mind. If you're purchasing a physical card, it may take a while before it arrives to your doorsteps. That's because of the obvious hurdles one faces with physical products. Sometimes shipping takes forever, that's life.
However, if you intend to join just for the income potential via selling gift cards, you'd be disappointed. There are far better alternatives out there if you're keen on to making some dough online.
It's possible to generate a healthy passive income working from the comfort of your home. It will require you to acquire a real skill though. Also, you will have to put in the work to reap rewards.
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