How To Transfer Money From Your Prepaid Card To Your Bank Account Using Moneygram
We struggled to find a simple, sure-fire way to move funds off our prepaid cards for a long time. One day, a helpful reader shared this clever hack that works with almost every prepaid card.
Using a remittance service like MoneyGram, you can transfer money to your bank account quickly, cheaply and safely.
Here Are Some Reasons Why We Love This Method:
Safe: MoneyGram has been around since 1940, and is the second largest money transfer company in the world.
Fast: Receive your money in minutes if you choose the Debit Card Deposit option.
Cheap: Fees are as low as $1.99. See our section on how their fees are calculated.
Reliable: Dozens of our readers have successfully used this method, and it appears to work for virtually any prepaid card.
Here are the steps to transfer money from your prepaid card to your bank account using MoneyGram:
How Do I Get Money Off My Onevanilla Card
A OneVanilla card does not provide ATM access nor cash back options so you cant withdraw money that way as you would with a prepaid card.
While there used to be some work arounds for PayPal and a couple of other services, most reviews now state its no longer possible.
The registration of the card with Paypal worked for some but failed when they attempted to make their purchase.
The Tricky Thing About Using Visa Gift Cards Online
The most important thing to know about using a gift card online is that you enter the Visa gift card number into the debit or credit card payment field rather than a gift card field.
So if the dollar value of transaction is greater than the dollar amount on your Visa gift card, the transaction will decline and you will not be given the chance to enter a bank card to pay the difference.
If this happens to you, do not worry. Ive got some gift card hacks to help you use your gift cards online even when your gift card is less than the balance.
Go To A Gift Card Exchange Kiosk To Trade It In
One super easy way to convert Visa gift cards to cash is to find a Gift Card Exchange Kiosk. Theyre usually yellow and you can often find them in shopping malls and supermarkets.
All you have to do is enter your gift cards information into the kiosk, which will include things like the set of numbers on the front of the card.
Youll then be presented with a range of offers for you to decide which one you want. Once youve made your selection, youll be issued a voucher to take to the cashier to get your money.
Pay Yourself With Square
If youre a freelancer of sorts and accept credit cards, then I highly recommend a Square reader if you dont already have one. Its a great way to swipe credit cards and get paid on the spot.
If you already have one or youre interested in one, the reader is free and lets you accept credit cards anywhere as long as you have your smartphone. Generally, you can get paid the next day.
In this case, you could pay yourself with the gift cards full value, but you will have to pay a fee in doing so, usually 2.6% + $0.10. Nonetheless, its a quick way to get cash if need be, but I would only do so if you have the reader and use them consistently. If you sign up to do this, you may get a warning email.
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What Prepaid Cards Work With Cash App
What prepaid cards work with cash app? Cash App works with most of the government-enabled prepaid cards along with the debit and credit cards as long as theyre from Visa, American Express, Mastercard, or Discover and registered in your name.
However, it is best suited to use a traditional bank-issued debit or credit card.
Can You Transfer Money From A Gift Card To A Debit Card
Its not generally possible to directly transfer money from a gift card to a debit card. However, some of the tips outlined above can let you do that if you add a few extra steps in the middle.
For example, if you add your Visa gift card to your PayPal wallet and then transfer that money to your own account, youll have access to that cash via your debit card.
Similarly, by selling the card through an app or a website, the company that buys it from you will either transfer the money that you make to your bank account or may send you a check. Either way, the money will then be in your account and ready to be used by your debit card.
This means that while its not strictly the case that you can transfer money from a gift card to a debit card, the workarounds are super straightforward to do.
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Low Balances On Too Many Vanilla Visa Cards Here’s One Solution
One of the biggest magnets for clutter, at least for me, is the open space around my desktop computer. Recently I had to clear this out because my ISP was giving me a new modem. In cleaning the area, I stumbled across a couple of Vanilla Visa cards. I had two more I was keeping in my wallet.
How To Move Money From Paypal Wallet To Cash App
Every cash app user has their own unique cash app Visa card number and routing number if you already have a Cash Card associated with your Cash App account.
Add your Visa card number to your PayPal account and instantly transfer the balance to it for a small fee and the funds will be immediately credited to your cash app account.
- Login to the PayPal app
- Link your Cash App debit card if you havent already, and then press next.
- Enter the amount to transfer, review the details and tap the Transfer option.
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Benefits Of Reloading Your Balance
- Set aside a budget for shopping on Amazon, always stay within your limit, and keep track of how much you’ve spent.
- When using the balance to shop on Amazon.com, your smaller purchases–like MP3 downloads and Kindle eBooks–can be consolidated into one line on your credit card bill.
- Easily add the remaining balance of your pre-paid cards to your Amazon Gift Card Balance for shopping on Amazon.
- Reload your balance regularly to save up for a big purchase on Amazon.
Frequently Asked Questions
Where can I view the balance that I reload to my account?Your entire Amazon.com Gift Card balance can be viewed on the page. Please note that you might be required to sign in.
Are there any maintenance fees for the funds I reload to my Amazon Gift Card Balance?No. Amazon.com does not charge any fees for your balance. Learn more from .
Does the balance I reload expire?No. There is no expiration date for the balance you reload. Learn more from .
What can I use my balance to shop for?You can use your balance toward eligible items on Amazon.com, including physical products, digital content, and offers from third-party merchants. Plus, your balance can be used on Amazon.comâs affiliated websites, including smile.amazon.com, myhabit.com, and fresh.amazon.com. Learn more from .
Can I change my auto-reload setting?Yes, go to Your Account – page to change the amount of the Auto-Reload, the amount to trigger the Auto-Reload, or turn off Auto-Reload.
Sell The Visa Gift Card Online
In addition to Raise.com, there are some additional sites that you can sell your Visa gift cards on. Check out the sites below.
- Gift Card Granny: This site has been seen in places such as Forbes, NBC, and Oprah Magazine. On this site, you can sell your unwanted gift cards, and its not limited to just Visa gift cards. You can sell any type of gift card from stores you may have laying around your house. to check out Gift Card Granny.
- Gift Cash: Like Gift Card Granny, this site lets people sell their unwanted gift cards and send them payment for it. This site is great because they are constantly updating their list of accepted merchants. So if you happen to have a gift card that isnt on their list, you can just let them know and they will look into adding them to the list.
- Card Cash: With Card Cash, you can sell your gift cards on this site or buy discount gift cards to save money quickly.
- Game Flip:Game Flipis another site where you can sell unwanted and non-reloadable gift cards to earn cash.
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!
How To Get Cash From A Vanilla Visa Gift Card
The answer to the question of how to get cash from a Vanilla Visa gift card is the same as how to convert any Visa gift card to cash: using one of the strategies mentioned in this article.
That is, while you cant get cash from a Vanilla Visa gift card directly, nor can you transfer money or withdraw money from your Vanilla Visa gift card, there are several workarounds that have the same outcome.
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How To Activate Visa Gift Card
How To Turn Visa Gift Card Into Cash
If you have a Visa gift card in your possession for whatever reason it may be, you may be looking for way to turn it into cash and asking yourself, Can I get cash back from a Visa Gift Card?
A Visa gift card is almost as good as cash as its accepted almost everywhere, but sometimes, its nicer to hand cash in hand for other reasons. I get it.
Converting your Visa gift card into cash can be done, but you have to know how to do it because it isnt as easy as going to the bank and asking for the cash. These gift cards dont work like that, unfortunately.
While there are a variety of ways to do so, the terms will vary for each. The good news is that you can get cash for every strategy I mention, but one method may be easier for you than it is for me. Ill leave it up to you to decide which strategy works best for you.
So, with all of that being said, lets take a look at how you can turn a visa gift card into cash almost immediately.
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Vanilla Visa Gift Card
If you need a gift for an upcoming special occasion, the Vanilla Visa Gift Card is a viable option.
- The card can be purchased in $20 denominations, ranging from $20 to $500.
- Once the card is activation, no additional fees apply and the funds never expire.
- Per the cardholder agreement, activation costs between $4.95 and $9.95 depending on the dollar value and number of cards activated.
Unfortunately, cardholders are unable to retrieve funds from the card via ATM or using the cash back option at the register. In addition, Vanilla Visa Gift Cards are not reloadable and cannot be returned once purchased.
In the event your card is lost or stolen, you can contact customer care to request a replacement. .
How To Transfer Money From Gift Card To Paypal
Well, this article seeks to explain to you how you can transfer money from a gift card to PayPal and spend it the way you want. No one likes limitations and as I have just mentioned above, some of them limit you to buy goods from specific stores or even related businesses. What if you do not find what you want to buy in the specified store? You will be forced to buy anything that may help you in one way or another, which is inconvenient.
Gift cards are available at certain stores such as Walmart and Amazon. You can buy gift card online with a checking account or even visit a physical store where you can purchase yours. The reason businesses give out gift cards is that they want to create brand awareness, attract more customers, improve cash flows, and even generate useful data about certain commodities purchasing trends. This way, they can know what to stock in large numbers as well as what to stock in small quantities.
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Complete Your Bank Details
After clicking next, youll be taken to a page like in the screenshot above. Enter your Receivers details. This will be information like your name, address and account/debit card info.
Click Next. According to the MoneyGram website, many account deposits are completed within minutes, subject to banking hours and systems availability.
Terms And Condition Of A Visa Gift Card For Successful Transfer To Bank Account
Expiration date It is important you make sure that your gift card is not expired. Check your card to know when it expires or else transferring money would be impossible
Not Transferrable It is true that there are some cards that are non transferrable. It isnt possible for others to use them. So make sure yours isnt one.
Dormant Card If your gift card havent been used for a long period then a fee may be attached to you for inactivity. Check this to avoid charges.
Adequate Funds Most Individuals end up spending more on charges and fees transferring money from the gift card to the bank account than the balance in the gift card. So to avoid losses, its better to make sure that there is more than enough money in your gift cards before you go ahead to transfer.
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How Do Gift Cards Work
A gift card resembles a credit or debit card since it is plastic in nature. They have specific numbers that identify the cards. Anybody can use it since most do not link to a particular person.
Most cards have no PIN, and if you lose one, it is the same as losing real money. Someone else can use it if they collect it. However, Visa and Mastercard gift cards have been using PIN since 2013.
Some gift cards are only useful for one-time payments, while others are reloadable. Reloadable cards are almost similar to prepaid debit cards and can allow you to transfer money using the routing number and account number to a bank account. This means that you do not have to lock yourself to buy goods only.
When buying goods with you, the merchants use the on-line electronic system for authorization to deduct the amount you have spent when shopping. These include a serial number, barcode, or magnetic strip. While some gift cards will only allow you to buy at specific stores, cards from banks allow you to purchase from any store that accepts them.
For instance, Giftcards issues Visa and MasterCard that can be used anywhere that accepts Visa and Mastercard.
Before being sold, most gift cards have no value. When buying, the seller now loads money on the cards depending on the amount you pay. However, some cards have a set value, and once you receive them, you have to call a given number to activate them.
Sell It On The Raise App
Another way to convert a Visa gift card into cash is by selling it on an app called Raise. Raiseis a site where you can sell your unwanted gift cards with ease.
Its really simple! All you have to do is find all your unwanted gift cards then list them to sell on the platform. Lastly, you will get paid either via Check, PayPal, or by direct deposit when someone buys the gift card.
Raise is an amazing site if you have unwanted Visa gift cards or any other gift cards from stores such as Target, Amazon, and Walmart. In addition to selling unwanted gift cards on the site, you can save money when you buy other gift cards on their site.
You can also check out their coupon section to find some of the latest deals on popular stores and brands.
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