The process of exchanging a Target gift card for cash involves various online platforms and physical kiosks. These services typically offer a percentage of the card’s face value, allowing consumers to obtain immediate funds. For example, a $100 gift card might be exchanged for $80 in cash.
This practice provides flexibility for consumers who may prefer cash or need to liquidate unwanted gift cards. Historically, unused gift cards represented a significant amount of unredeemed value. Exchanging them for cash offers a practical solution, reducing waste and allowing individuals to access the monetary equivalent of their gift. This can be particularly helpful during times of financial constraint or when a specific item at Target is not desired.