Wednesday, May 18, 2022

Can I Put Gift Card Money Into Bank Account

Two: Visit Your Prepaid Cards Website To See If They Offer Transfers To A Bank Account

How to transfer gift cards money to your bank account – Money Maker off gift cards!

Some prepaid card companies help you do transfers to your bank account through their website or app. So your first stop should be the website of your prepaid card provider.

Check Your Card Companys FAQ Page

Here, theyll usually have a FAQ page. If your card company allows transfers, theyll state it very clearly.

For example, the Bank of America CashPay card says the following on their FAQ page:

you may perform an Online Funds Transfer via the CashPay Customer Service website at www.bankofamerica.com/cashpay to transfer funds from your CashPay account to a traditional checking or savings account owned by you in the United States.

Not in the FAQ? Check Your Card Companys Features Page

If you dont find it on your card providers FAQ page, check the features and benefits page of your prepaid card.

On the Netspend website, this information appears on the Card Benefits page:

Have a bank account in addition to your Netspend Card Account? Link your financial accounts from participating bank accounts and you can transfer money between them and your Netspend Card Account.

If your prepaid card company offers transfers to your bank account, then carry on to the next step. If its not clearly stated, then your best bet would be to try the MoneyGram method that we list below.

How Do I Pay With A Visa Gift Card Online

How do I use my Visa Gift Card online? You can use your card for online purchases by entering the card number, expiry date and the 3 digit code found on the back of the card. Occasionally websites will ask for the name on the card, in these instances simply insert Gift Card in the field provided.

How Can I Get Cash From A Vanilla Gift Card

How to convert Visa gift cards to cash

  • Use your Visa gift card to buy other merchants gift cards.
  • Add it to your PayPal wallet.
  • Add it to your Venmo account.
  • Pay your bills with your Visa gift card.
  • Go to a Gift Card Exchange Kiosk to trade it in.
  • Sell your Visa gift card through an app.
  • Convert your Visa gift card to cash by selling it to a website.
  • Also Check: Buy Oculus Gift Card

    Adding The Card For Funding Purchases

    If youre planning on using the Visa gift card as funding money for a purchase youre making, follow this process. Its also the standard procedure of adding any visa or other debit cards to a PayPal account:

    • First of all, you have to go to the PayPal website, log into your account to link the visa card to PayPal. If you dont have a PayPal account, create one, it takes a few minutes start to finish.
    • If you previously have an account, and ready to go, click on the wallet option. You can also look for it in the 3-dot sign on the far left side of the screen.
    • You will see an option in the bottom that says Add a debit or credit card, click on it, then select Debit card. Youre ready to add the card.
    • On the next screen, you will input all the information about the Visa debit gift card youre planning to add. Put in the card type, expiration date, the billing address for the card, then hit the Link card button.
    • As you click on the linking button, the system will redirect you to the cards official address for an OTP. Take that OTP code, and put that back in the box to confirm the card, and youre all set.

    After successfully adding the card to your account, you can now use the balance in it on any purchase you make with PayPal. You can use it anywhere PayPal is accepted, whether its an online shop or an offline store. Once you have used the full gift card amount, you can remove the card from your PayPal account.

    Add Money To Your Microsoft Account

    Can you put a visa gift card in your bank account

    To add money to your Microsoft account balance, you’ll need to redeem a Microsoft gift card on the Redeem page.

    The full amount will be added to your Microsoft account and can be used to buy movies, games, in-app purchases, and physical goods. It can be used to purchase an Xbox-related subscription, but not a Microsoft 365 subscription. For step-by-step instructions, see Redeem a gift card or code to your Microsoft account.

    Note: If you want to transfer money to a child, see Add money to your child’s Microsoft account.

    If you don’t have a Microsoft gift card, you can purchase one online:

  • Go to the gift cards page in the Microsoft Store and select either Xbox or Microsoft gift card.

    Note: There are no fees or expiration dates, and either card can be used to buy popular games and apps, movies or accessories and devices

  • From the drop-down menu, select the amount of money you want to purchase and add that amount to your cart.

  • Go through the checkout process .

  • Make sure your name and email address are shown as the recipient and complete your purchase .

  • Confirm that you’ve received an email with the gift code. Go to the Redeem page. If you have more than one Microsoft account, confirm you’re signed in to the right one.

  • Enter the code and select Next. The entire amount associated with the code will be added to your Microsoft account.

  • Read Also: How To Check Starbucks Gift Card Balance Without Security Code

    How Much Does It Cost To Transfer Money From Gift Card To Bank Account

    There are several options of transfer which is either by downloading a square reader or using MoneyGram

    Basically, you will pay based on the amount you are tranferring from your gift card to your bank account for a fee less than $200. MoneyGram charges you base fee of $1.99

    While for amounts above $200, it charges $1.99 + 1% of the transferred amount. For example, if youre going to send $500, the fee will be $1.99 + $5, for a total of $6.99.

    For the second option, If you have a Square reader, you can just swipe the card like any other card. If you dont have one, you can get a basic magstripe reader free at signup.

    After signing up, you will pay a fee of 2.75 percent of each swipe, so that will cut into your total.

    This is the eaiest ways to transfer funds, espaecially if the square reader is connected to your bank account.

    But if you dont have a Square reader, you can still download the app and sign up, but youll pay 3.75 percent if you enter the card information manually.

    Read this: How to check if a Credit Card is active|Step-by-Step Guide in 2021

    Money In As Little As 15 Minutes

    Prepaid2Cash allowed me to finally get some value out of the assorted gift cards and rebate cards that I’ve accumulated over years.

    Prepaid2Cash has been a life saver! Some bills simply do not take prepaid cards, having the option to deposit funds into my checking account has saved me more than once. I highly recommend the service!

    I used Prepaid2Cash to convert a Visa gift card, for switching cell phone providers. The amount on the gift card was significant and P2C provided a wonderful service!

    Great company! Very customer centric and smooth transactions! I was able to quickly get cash for my Visa git card, would highly recommend over other competition.

    Prepaid2Cash is very professional in how they conduct their business. Their fees are the best online and smooth transactions make this company the best gift card for cash website!

    Prepaid2Cash is fast, reliable and cheap! Turned my American express gift card into cash, fast!

    P2C is a great service to use to convert prepaid cards to cash. The fees are reasonable and it doesn’t take long to get your money.

    Excellent customer service, ease of use and fast delivery of funds. I was able to quickly get cash for my expiring rebate cards.

    I tried Prepaid2Cash for the first time and it was super easy to set it up. I will definitely recommend this to everyone.

    Prepaid2Cash allowed me to finally get some value out of the assorted gift cards and rebate cards that I’ve accumulated over years.

    Recommended Reading: Crunchyroll Gift Card

    How To Transfer A Visa Gift Card To A Bank Account

    You can transfer money from a prepaid card to your bank account indirectly by trying some of the following options, which we go into more detail about above:

  • Add the card to your PayPal or Venmo account and transfer the balance to your own account
  • Get money for a voucher issued by a Gift Card Exchange Kiosk and then deposit it into your account
  • Choose an app or website to sell your gift card to that pays you through direct deposit, letting you then use the selling price as a way to transfer the Visa gift card to your bank account
  • Use the card to buy a money order, with the value of this then placed in your account
  • Use The Visa Gift Card To Pay Your Bills

    How To Turn Visa Gift Card into Cash Using Paypal or Venmo | Transfer GiftCard Money to Bank Account

    The next method, which is as good as getting liquid cash, is using the gift card to cover your bills. This can be done with the free service called Plastiq as mentioned above.

    You can do this in the following ways:

    • Pay large bills like your mortgage, car payment, and more

    Since you would have used cash to pay for the installments of loans like your car loan or mortgage, using the card is as good as cash.

    Some companies, such as Plastiq, allow clients to settle certain bills through credit cards.

    And, since Visa cards are perceived as credit cards, you can use them with companies that allow payment by credit.

    However, you should know that since the company will treat the card as a credit card, the card will incur slightly fees. Its completely free to sign up and try.

    Free

    • Pay everyday bills

    Besides using the cards for larger bills, you can also use it to settle regular bills or, better still, make some local purchase with the Visa gift card.

    This is possible since, in most cases, Visa gift cards are acceptable in stores that accept normal Visa cards.

    Also, billers who accept the use of credit cards will, in most instances, take the gift card as payment.

    See Related: 10 Ways to Get Money

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    How To Transfer Gift Card Balances To Your Bank Account Using Cardcash

    Yes, you can transfer money from most prepaid gift cards to your bank account using a service called CardCash.

    Unlike most prepaid cards, gift cards are disposable and can only be used until the balance reaches zero while most prepaid cards are reloadable and can be used indefinitely.

    Thankfully, weve found one proven method for transferring money from your gift card to your bank account.

    You can use mobile payment services like CardCash to transfer your money from your gift card or prepaid to your bank account.

    The catch? Its more expensive than just using the gift card or prepaid card to buy items. So make sure that its really the cash value that you want from the gift card.

    To transfer gift cards to your bank account using the CardCash Option:

  • Go to this page on the CardCash website
  • Enter the gift card you have Ex: Walmart
  • Enter the amount on the gift card Ex: $100
  • Click GET OFFER and an offer for how much they will pay you will appear Ex: $88.00
  • If you accept the amount, click Get $88.00 Cash
  • There will be a pop-up window asking how you will like to get paid and choose PayPal Express
  • Enter your gift card number and PIN and continue to connect with your PayPal account
  • Log-in to your PayPal account and fill the required fields
  • Click Get my PayPal Balance
  • Once the balance reaches your PayPal Wallet, you can now transfer the money to your bank account by following these steps on How to transfer from PayPal to my bank account?
  • Ways To Convert Visa Gift Cards To Cash

    Perhaps you have received a Visa gift card as part of a promotion. Maybe you are registered on Swagbucks.com and redeemed the Swagbucks you earned for watching videos, taking surveys, playing games, and shopping online for a Visa gift card. Alternatively, you may have received your Visa gift card from your dear Aunt Thelma for your recent birthday when what you really needed was cold, hard cash to help you meet a financial goal you had set for yourself. Perhaps you wanted to pay down some debt, add to your emergency fund, or increase your retirement savings. Unfortunately, you cannot simply insert the gift card into an ATM to get the cash you desire. A Visa gift card is different from a Visa prepaid card, which is reloadable and can be used to get cash at an ATM. Nevertheless, there are multiple ways to convert that gift card to cash. Ten of these are discussed below:

    1. Transfer Visa Gift Card to Bank Account via PayPal

    If you do not have a PayPal account, consider asking a trusted friend or family member to upload the card to his or her account, giving you the cash for it.

    2. How to Add Visa Gift Card to Venmo

    Venmo is a PayPal-owned app that facilitates the transfer of money among friends and businesses. As with PayPal, you can upload your Visa gift card to the app and then transfer the funds to your linked bank account. Like PayPal, Venmo does not charge a transfer fee for a standard transfer, but charges 1% for an instant transfer.

    5. Use It to Buy Groceries

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    How To Transfer Money To Your Bank Account From A Visa Gift Card

    If you have a nice, shiny Visa gift card burning a hole in your pocket, you might want to transfer the money into your bank account for your own convenience. This way, you won’t have to worry about carrying an extra piece of plastic in your wallet until you’ve gone through its full balance. But shifting the balance to your bank account isn’t as easy as simply moving the funds from one place to another. The good news is that there are several options, some of which will cost nothing more than a few minutes of your time.

    How Do I Redeem A Visa Gift Card

    How to add a prepaid gift card to your PayPal account to ...

    How do I use my Visa Gift Card online? You can use your card for online purchases by entering the card number, expiry date and the 3 digit code found on the back of the card. Occasionally websites will ask for the name on the card, in these instances simply insert Gift Card in the field provided.

    Read Also: Activate Wawa Gift Card

    How To Save On The Transfer Fee

    If you are going to use this service regularly, you can save on fees by enrolling in the MoneyGram Plus Rewards.

    With this program, you will save 20% on fees on your second transfer and 40% OFF on fees every fifth transfer.

    If youre transferring a large amount, then taking advantage of the MoneyGram Plus Rewards program will save you lots of money!

    Add It To Your Venmo Account

    Similar to PayPal, you can put your Visa gift card balance on your Venmo account. And this is actually a better option than PayPal if you were planning to transfer the money to your own account as cold, hard cash.

    This is because Venmo doesnt charge any fee to transfer money from your Venmo account to your bank account, unless you select the Instant Transfer option. Otherwise, the money should arrive in your account within one to three business days.

    To do this, go into the Venmo app and find the option that lets you add gift cards. Theres a chance that youll get a warning message here for fraud prevention, so either try again or give Venmo customer service a call at their helpline to see if they can clear up the issue.

    Recommended Reading: Can Visa Gift Cards Be Used Internationally

    Transfer To Your Bank Account Via Paypal

    If this isnt a pro tip on how to get cash from a Visa gift card, I dont know what is. You can transfer a Visa gift card to the bank by simply piggy backing off the services of PayPal.

    Most places these days accept PayPal as a form of payment as it can be linked to a bank account to transfer funds. PayPal is also a very convenient way to transfer funds to and from linked bank accounts and is a big hit with persons who prefer not to use credit cards.

    PayPal has a feature where it allows its users to link Visa gift cards and other prepaid cards. By linking your Visa gift card to your PayPal wallet, you can use the funds to directly pay at a vendor that accepts PayPal. Therefore you can get money off a Visa gift card by utilizing typical services that incorporates PayPal.

    Now to bump it up a notch, into the mind blowing category, once more: Since your PayPal is linked to your bank account, the funds from your Visa gift card can be transferred directly to your bank account.

    Yestransfer Visa gift card to bank account! Utilize your PayPal account and turn Visa gift cards into cash.

    That being said, nothing good on this earth is truly free. Using PayPal to get cash from a Visa gift card is no different. Typically you can expect to receive a transaction fee of up to 3% of the cash value being transferred.

    In my opinion, the PayPal hack is worth every cent and can be used to get cash from a Vanilla Visa gift card or to transfer Visa gift cards to the bank on the whole.

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