SaveYa is launching a brand new ‘Bulk Seller Preferred Pricing’ program in which bulk sellers can qualify for increased sell rates! This is big news because other gift card exchanges have had increased payouts for their bulk sellers for a while and SaveYa has been simply paying the same to everyone selling gift cards up until this point (to my knowledge at least). The catch is that you need to maintain fairly strict volume requirements each week to qualify for the increased rates, but it seems that there might be some select increased rates regardless of volume as well. They are calling this a ‘Beta Test’ and don’t officially launch the beta program until November 1st, so it wouldn’t surprise me if the rules change in the near future as they test it out. Hopefully they like the way it works and this program ends up being beneficial for everyone involved. I’m optimistic, because SaveYa has come out of the gate strong by increasing a few brands for everyone right away and hopefully the difference in payouts continues to impress!
The Official Information
The email I received advertising the new program contained this information:
Thank you for participating in our NEW Bulk Seller Preferred Pricing Beta Test!
Our Kick off email was sent as a sneak peek and includes some SPECIAL incentives on featured Merchants to REV-UP your sales to SaveYa!
Click here to view this week’s featured merchants.
Beginning November 1st, SaveYa will officially begin rewarding our best Bulk Sellers with preferred payout rates on all of our accepted merchants.
It’s easy to qualify. Here’s how you can earn our best rates:
- Sell us a minimum of just $1250.00 paid out per week OR just 100 gift cards or codes per week
- Keep your fraud rates low
Click for more details
Your preferred payout rates will last the entire week! Watch for your weekly Sunday email with next week’s preferred pricing qualification and featured Merchants.
Start selling cards today!
SaveYa also updated their Support Page with information on the new Preferred Pricing Program, but it’s essentially the same as what was in the email.
My Take On The New Program
First of all, I’m really exciting that they are giving the opportunity to get increased payouts. I’ve used SaveYa for a while because they accept digital codes for most of the brands and it saves me from mailing anything in. They also have competitive rates and even end up top payout % on any site more often than not on the brands I’m selling. For that reason they end up with the majority of my volume anyway, so increasing the payouts even more can only be icing on the cake!
The Volume Requirements for Preferred Pricing
The primary catch is the volume requirements to actually qualify for the Preferred Pricing which currently sits at $1,250 in payouts or 100 cards sold per week. My gift card reselling is purely a side gig that I commit varying amounts of time to each week and the amount I can actually move varies heavily with the deals available. For that reason, I have weeks where I sell $5,000 worth and other weeks where I don’t sell a single card. As my volume is inconsistent and SaveYa seems to be going on a week to week basis, it may prove problematic to me taking advantage of the increased rates on a regular basis.
The $1,250 per week is slightly higher than some of their competitors’ numbers such as GiftCardZen’s recommended $5k/month and Raise’s $2,500/month. SaveYa’s is in fact more strict because unlike GCZ and Raise’s amounts which are looked at to JOIN the bulk seller program, SaveYa seems to be able to instantly and automatically drop you back down to non-preferred pricing on a week to week basis. The others would probably give you a break if you fell short a month or might not care at all once you’ve entered the respective bulk seller programs.
SaveYa has always been one of the quickest exchanges to increase and decrease payouts depending on supply and demand, so I imagine they like only committing on a week to week basis for these preferred pricing brands. Unfortunately for me, that means I have to either maintain a steady flow of cards or simply fall in and out of the preferred pricing on a regular basis. I think I would prefer SaveYa look at an average of the trailing 4-5 weeks instead of just the previous week. This would allow them to still change payouts frequently to adjust for supply and demand, but also accommodate inconsistent (but still bulk) sellers. This is a beta program, so it’s entirely possible they adjust going forward to incentivize the right number of people each week/month to keep selling cards.
A New Bulk Seller Merchant Details Page
One pain point with SaveYa in the past has been a lack of transparency for which cards can be sold digitally versus physically, require a pin or not, and even what the payout was. None of this was easily accessible without selecting a brand, typing in an amount, and sometimes continuing on to the confirm screen to find out! I even made myself a cheatsheet that I shared publicly to help make this information easier to access, but luckily SaveYa has improved the experience as they went and most of this information is somewhat easier to access now.
The launch of the Preferred Pricing Beta also has come along with a brand new “Bulk Seller – Merchant Details” page that is accessible through the “My Account” page once logged in. This page is an amazing addition and blows my little cheatsheet out of the water. Brands, standard payouts, preferred payouts, digital versus physical, and even PIN details are all front and center on an easy to search page (Crtl-F is a savior when checking rates!). Regardless of what comes of the rest of the program, this page is a great addition for bulk sellers to reference.
One thing that jumped out when visiting this new page is a bunch of giant yellow stars and a “Preferred Offer” column:
Some Preferred Pricing Regardless of Volume?
When mousing over the big gold stars on the new Merchant Details page, a text pop-up appears:
“We give the Preferred Offer for starred merchants to all Bulk Sellers!”
What SaveYa appears to be doing (at least for this week) is increase the payout on 9 specific brands for bulk sellers regardless of how much volume you sold in the previous week. Doing a quick check across exchanges via Gift Card Wiki shows that not only does SaveYa have the highest standard payout for most of these brands, but the preferred pricing really sets them out in front! They might just be doing really good payouts initially to get people excited about the new program, but hopefully they continue to offer great payouts going forward.
Overall, I’m Cautiously Optimistic
SaveYa’s new Preferred Pricing program is definitely a positive move for the exchange, but it’s too early to say how beneficial the program will end up being over time. With any “Beta” program typically comes a period of changes both positive and negative for the participants, but hopefully they can find a balance where everybody wins. If you resell gift cards and hadn’t thought about it up until this point because the benefits weren’t amazing, you should definitely consider applying for SaveYa’s bulk program now. Their application page only mentions “Have over $1,000 in gift cards to sell?”, so I don’t know what their current requirements are to join, but it can’t hurt to ask!
I sold over $1,250 today, so I’m excited to see the full list of Preferred Pricing tomorrow (if it’s been implemented already). A few extra % can turn a poor deal into an amazing opportunity!
P.S. If you happen to already be a bulk seller with SaveYa and live anywhere near a Safeway brand store, be sure to check the Just 4 U App! It might just be worth going out of your way to stop by at least once…