Anyone who is suffering from diabetes understands the importance of blood glucose test strips.
Blood glucose test strips are necessary for anyone who is diagnosed with diabetes.
According to the CDC’s (Centers for Disease Control) National Diabetes Statistics Report for 2020, cases of diabetes have risen to an estimated 34.2 million in the United States. So there are plenty of people in the US, about 34.2 million, who would be interested in buying blood glucose strips.
Why Do People Sell Blood Glucose Test Strips?
Simply put, some people have access to diabetic strips, and then some have less.
People who have Type I diabetes need more strips than people who have Type II diabetes.
More often, patients with Type I diabetes get a lesser number of blood glucose strips from their insurance than they need. And patients with Type II diabetes end up receiving more than what they require.
This happens because insurance companies provide a fixed amount of strips, irrespective of the need for it.
And diabetic test strips are costly. Even though they are readily available in the market, not everyone can afford to buy them. So people with excess test strips sell them to get some cash, and those who need extra strips can buy at a lesser price. It’s a win-win situation for everyone.
Who Would Buy Blood Glucose Test Strips
1. Any individual
Anyone who has diabetes is your buyer. The fact that you would be selling them at a lesser price and the strips are good enough to use is enough to make people interested. Ask around in the neighborhood if anyone has Type I diabetes; they are likely already to have enough strips for the month or so, but the next time they would need blood glucose strips, they are more likely to buy from you than someone else.
2. eCommerce websites
There are many buyers available on websites like Amazon and eBay. You can sell them on those sites as long as you meet the policies of these respective sites for selling medical devices and all other general guidelines.
Ensure that you mention the box of strips’ expiry date and current condition with the brand name while putting the ad up. This is essential information for anyone looking to buy those strips and be honest about it, always.
eBay sellers typically pay about 10 to 12 dollars for every 100 strips ($4 to $6 for a box of 50) and sell them for as much as $40 to $90. eCommerce websites might work for you if you can wait until someone finds you and accept the offer you are providing them.
Sometimes it may take weeks to get a genuine buyer, while sometimes, just a few days.
3. Diabetic Test Strips Companies
The diabetic test trips industry is enormous, and there are companies like American Medical Surplus who would buy blood glucose test strips from you. All you have to do is visit their profile, go to the ‘Sell Now’ page to select the brand you have for sale, and add them to your order. It is quick and easy, and you will see the total you will receive before you proceed. You can sell other diabetic supplies too.
After that, let them know the payment method of your liking and ship the package. (Don’t worry, about the shipping charges will be covered by them if you use the prepaid label which they email you)
Once they receive the package and check the contents, you’ll get paid the same day, within 3-4 business days.
Answering Some Common Myths About Selling Diabetic Strips
1. Is Selling Diabetic Strips Legal?
Yes, selling unused and unopened diabetic test strips is legal. Anyone can buy test strips OTC (Over The Counter), and anything purchased OTC is legal to resell.
However, there are a few instances where it is illegal to sell diabetic test strips.
- If the strips are damaged or opened
- If the strips are expired
- If they are stolen or acquired illegally
- If they are purchased through Medicare or Medicaid
2. Can You Sell Strips That You Were Prescribed?
There is absolutely no reason why not, as long as those strips meet the criteria to sell the strips legally. Unopened and not close to the expiry date.
3. How Would I Receive My Payment If I Sold Them To A Company Online?
It depends on the company you choose. American Medical Surplus can transfer the payment CashApp, Venmo, Zelle, Apple Pay, Bank Wire for orders over $1,000 and check.
You can get paid in many ways, but it depends on the company you chose to sell. One size doesn’t fit everyone here.
If you are someone who wants to get rid of all those unused strips or make some money through them, sell them now!