Website Offers Users Cash for Gift Cards

Boca Raton, FL (PRWeb) January 2, 2007 -- The record setting gift card giving this holiday season has turned into a real boom for iRegift.com, www.iregift.com. More than $25 billion will be spent on gift cards this holiday season. Sean Sullivan, founder of iRegift.com, says that he’s seen a huge increase in activity already. “We’re a little overwhelmed with the amount of orders that are being processed.”

Many consumers receive gifts or gift cards that aren’t necessarily to their liking. Services like iRegift.com serve as an efficient way for someone to unload an unwanted gift or gift card. According to estimates it’s not uncommon for as many as twenty percent of gift cards to go unredeemed. Many people throw them in a purse or wallet and forget about them. That’s where a service like iRegift.com can be very useful. iRegift.com, www.iregift.com, will purchase that gift card from the consumer directly, for 80% of the face value of the gift card.

iRegift.com which was founded in January of 2004 was simply the result of Sullivan receiving gift cards to stores he never really frequented. “While it is the thought that counts, sometimes we get gifts that just aren’t that thoughtful. So essentially iRegift.com helps consumers turn unwanted gifts or gift cards into cash.”

It might sound a little brash, but it’s an increasingly popular alternative. In the case of an unwanted gift, the recipient simply brings the unwanted item back to the store for a store credit. iRegift.com will then purchase the store credit just like any other gift card.

There are about half a dozen companies on the internet offering a similar service. However one major difference that sets iRegift.com apart from its competitors is the amount they pay for the gift cards. “I think that’s been the major reason we’ve seen the dramatic boost in business this year. We have increased the amount that we pay for the gift cards to 80% across the board. That includes store credits.”

Many of the sites try to match up buyer and seller, much like eBay. iRegift.com founder Sean Sullivan feels that isn’t a service that most consumers will be interested in. “It requires posting an auction, waiting for it to close, receiving payment and then finally shipping the item. Not to mention answering dozens of emails. When you consider the amount of extra effort involved and the fact that through iRegift.com you’re payment is sent within of 48 hours, it doesn’t make sense to use another service. In the end we should ask ourselves, what is my time worth?”

While it’s no doubt that retailers will be busy over the next few months with all of the gift card redemptions, iRegift.com is in a very good position to become the leading provider of this new service. “I think as consumers become more aware that they have options when it comes to gifts and gift cards we’ll see more and more business. We also feel that iRegift.com offers the best service, the highest payouts and the quickest turn around times. It’s a very exciting time for this company.”

About iRegift.com
iRegift.com, wwwiregift.com, is located in West Palm Beach, Florida. Founded in January of 2004 by Sean Sullivan iRegift.com is empowering consumers. This unique service allows consumers to turn unwanted gift cards or store credit in cash.

More information can be found at www.iregift.com

Media Contact:
David Palma
561-307-9338

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