Welcome to Fisher Business News! This article explores Raise and answers the question; how does Raise make money? It also discusses the entire Raise business model. Read it through to get answers to the most popular questions about Raise. Let’s start!
How does Raise make money?
What is Raise?
Raise.com is an e-commerce platform owned and operated by Raise that enables third-party sellers to sell new or used Gift Cards on a fixed-price basis. The company was founded in 2013 by George Bousis and has raised over $120 million in venture capital funding.
Raise.com is headquartered in Chicago, Illinois and has a team of over 200 employees. The company has been profitable since 2014 and reported $100 million in gross merchandise volume (GMV) in 2016.
Raise.com is a popular marketplace for buying and selling discounted gift cards. The site offers savings of up to 30% off on popular retailers such as Target, Walmart, Best Buy, and more. You can also find deals on restaurants, travel, and entertainment.
Raise operates in the United States and Canada. In the United States, Raise is available in all 50 states plus Washington D.C. In Canada, Raise is available in Ontario, Quebec, and Alberta.
Is Raise.com legit?
Raise is a legitimate company that offers a great way to save money on gift cards. You can buy discounted gift cards and use them just like cash. Raise also offers a money-back guarantee if you are not satisfied with your purchase.
How does Raise work?
Do you have a gift card that you don’t want? Maybe it’s for a store you don’t shop at, or maybe it’s for an amount of money that you know you won’t spend. Whatever the reason, if you have a gift card that you don’t want, you can sell it on Raise.
Raise is the middleman between buyers and sellers to help people exchange gift cards for cash. When you list your gift card on Raise, you set your own price and expiration date. Once your card sells, the money is deposited into your account. You can then withdraw the funds via PayPal or direct deposit.
Here’s how it works: First, create an account on Raise.com. Then, add the Gift Card you want to sell to your account. Once your card is verified, set the price you want to sell it for and wait for someone to buy it.
When your card sells, the funds are transferred into your account immediately. You can then withdraw the money via PayPal or choose to spend it on another gift card on Raise.
So, if you’re looking to get rid of an unwanted gift card, sign up for Raise and start selling today!
How does Raise make money?
Raise is a gift card marketplace that connects cardholders with buyers. Raise takes a commission of 15 percent from the listing price once a gift card sells.
For example, if you have a $100 gift card and someone buys it for $90, you’ll get $85 and Raise will keep $5 as our commission. They also offer a loyalty program called Raise Cash Back, which gives users up to 10 percent of their purchase back in the form of site credit.
So not only can you sell your unwanted gift cards for cash, but you can also earn rewards for doing so! They’re always working on new ways to help their users save money and make money, so be sure to check back often for updates!
Also Read // How Earnin makes money | Earnin Business Model
Raise do not buy list
Raise.com is a great resource. However, there are some things that you should avoid buying on the site. Here’s a list of things not to buy on Raise.com:
- Gift cards for businesses that are closing or have already closed.
- Out-of-date gift cards.
- Gift cards with expiration dates that are close to expiring.
- eGift cards (these can be difficult to redeem).
- Store-specific gift cards (you may not be able to use these at other locations).
- Gift cards for stores that frequently offer their own promotions or discounts (Amazon, Walmart, etc.)
So, next time you’re looking to save money on Raise.com, keep this list in mind and avoid purchasing these types of gift cards!
How long does it take to sell a gift card on raise?
When you sell a gift card on Raise, the process is pretty simple. You just enter in the brand of the card, its value, and then set your own selling price.
The beauty of selling gift cards on Raise is that you can get rid of them almost instantly if you need the cash right away. There have been times when people have sold a gift card within minutes of listing it on the site. But there have also been times when cards has taken weeks or even months to sell.
So ultimately, how long it takes to sell a gift card on Raise depends on a number of factors, including the brand of the card, its value, and how many other people are selling similar gift cards.
Also Read // ACE Cash Express Installment Loan Requirements
How do you get paid on Raise?
i) ACH Direct Deposit
When you make a sale on Raise, the money is transferred to your account via ACH Direct Deposit. This process usually takes 1-2 business days.
To get started, login to your Raise account and click on the “Withdraw” button. From there, you’ll need to enter your bank account information and the amount you’d like to withdraw. Once everything is entered correctly, click on the “Confirm Withdrawal” button and your money will be on its way!
If you’re looking to get paid on Raise, PayPal is the way to go. With PayPal, you can get your money fast and easy. All you need is a valid email address and you’re good to go. Plus, there are no fees associated with using PayPal to get paid on Raise.
Other platforms for selling gift cards online
If you’re someone who likes to get paid in gift cards, or simply prefers to shop with them, you might be wondering where else you can sell gift cards online. While there are many platforms that allow you to do so, these are a few of our favorites.
eBay is a great option for selling physical gift cards. You can list your card for a set price or auction it off to the highest bidder. The only downside is that you’ll have to pay a small listing fee and, if your card sells, eBay will take a percentage of the sale as well.
Now that you know the three main platforms for selling gift cards online, there are a few other places you can go to get the best deal. Here are three other platforms to check out when selling your gift cards.
CardCash is a great option if you’re looking for a quick and easy way to sell your gift card. All you need to do is enter the brand and value of your card, and CardCash will give you an instant offer. They also have a A+ rating with the Better Business Bureau, so you can be sure you’re getting a fair deal.
WATCH >> Raise Gift Cards Legit | Saved Over $11,000