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Do you know how to easily exchange Shinsegae gift certificates for cash?
Shinsegae gift certificates often come in from companies or as gifts. Shinsegae gift certificates are gift certificates that can be purchased easily from various places of purchase. There are a lot more places to use Shinsegae gift certificates than before. However, if you need cash in a hurry, Shinsegae Gift Certificates are the easiest way to cash them out.
Representatively, let’s take a look at three ways to exchange Shinsegae gift certificates for cash. The way to cash out with the lowest fee is to use the gift certificate exchange in Myeong-dong. Next, there is a way to cash out using the SSG PAY application made by Shinsegae. Finally, there is a way to receive the remaining amount in cash after using a certain amount at a Shinsegae gift certificate store.
Shinsegae gift certificate cash exchange Let’s find out how to cash easily. When you cash out Shinsegae gift certificates, there is a small fee. Let’s take a look at the three representative methods and the commission rates for each. All three methods are introduced only as easy ways to cash in, so I hope they help you a lot.
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There are a lot of gift certificate exchanges across from the main store of Lotte Department Store in Myeong-dong. On average, as of 2023, it is possible to cash Shinsegae gift certificates by paying a fee of 3.5 to 4.0%. These gift certificate soraesos have slightly different commission rates for each company, but since there are a lot of companies, you can easily sell your feet.
In the case of gift certificate exchanges, cash exchange fees are updated daily in real time on the homepage. If it is difficult to go directly to Myeong-dong, you can send a gift certificate by registered mail and receive cash in your account according to the market price.
Since the commission rate is the best, the gift certificate exchange recommends Myeong-dong, but gift certificate exchanges are located near large marts or department stores in each region. For small amounts, we recommend using a nearby gift certificate exchange, and for large amounts, it is recommended to use gift certificate exchanges located in Myeong-dong, which have the best commission rates.
You can use Shinsegae gift certificates by charging SSG MONEY using the Sseuppay app. The limit for converting Shinsegae gift certificate scratches is 1 million won/month, and the combined limit (combined limit) for charging and conversion is 2 million won/month.
As of March 22, 2023, SSGPAY ATM withdrawal and remittance services have been discontinued. ATM withdrawal is not possible, and only the amount excluding the 5% fee can be deposited into the account. To use SSGPAY, please check the scratch on the gift certificate.
SSG PAY has the advantage that you can easily use SSG MONEY at places where you can use Shinsegae gift certificates without having to carry paper gift certificates. Pay is used a lot these days, so you can use it like cash by charging it with SSG PAY.
If you mainly use Shinsegae gift certificates and use Shinhan Themore Card, there is also this method. This is a method to collect 5,990 won more and pay by card, and pay the remaining amount with SSG MONEY. After charging the Shinsegae gift certificate worth 50,000 won with SSG MONEY, you can use the 60% of it in the same way as the TheMoa card, and the remaining amount can be exchanged for cash without a fee.
If you use 60% of the gift voucher amount at Shinsegae Gift Certificate locations, you can receive the remaining 40% in cash. For example, after purchasing a Shinsegae gift certificate worth 500,000 won and an item worth 300,000 won, you can receive the remaining 200,000 won in cash. However, in the case of a 10,000 won note, you must use 80% of it to receive the remaining amount in cash.
Find out how to exchange Shinsegae gift certificates for cash. In addition to the methods described above, there are ways to cash in second hand country or carrot app lightning market, but in the case of gift certificates, there are many scams and account accidents, so we do not recommend it.
The way to cash out Shinsegae gift certificates with the lowest fee was to use the Myeongdong Gift Certificate Exchange, and the easiest way to cash out was to withdraw with SSG MONEY.
There is a fee for all methods of exchanging Shinsegae gift certificates for cash. There is also a way to collect Shinsegae gift certificates and purchase items with a high price directly, so please use the method that is most suitable for you and make full use of Shinsegae gift certificates.
