Raise Marketplace has now (sort of) officially rebranded as GCX or The Gift Card Exchange. Or Raise, seeing as that’s what they’re still using as their website. Anyway, they’ve taken that rebranding as an opportunity to add more risk to your end if you ever buy gift cards from them.
That’s because in the past Raise had a 1 year money back guarantee. If you bought gift cards from them and then found out that there was no value on them (or less value than there should’ve been), they’d refund you. They’ve now devalued that feature by only guaranteeing your cards for 90 days going forward.
To be fair, that 1 year guarantee was generous compared to some of their competitors. For example, CardCash only offers a 45 day guarantee, so Raise/GCX/The Gift Card Exchange still offers twice the guarantee that CardCash does even with this change.
This just serves as a good reminder to redeem second hand gift cards as soon as you can.
h/t Mark & Matt
This is quite disappointing.
I would expect something like 95% of gift cards are used within 24h of purchase when bought on sites like Raise. Overall a positive development for resellers.
Do they lower their commission due to reduced risk? No? Ok.