Wednesday, May 18, 2022

Can You Turn Gift Cards Into Cash

Gift Card Spread: Best For Buying Cards

How To Turn Gift Cards Into Cash Tutorial
Reasons to avoid

Gift Card Spread has a large variety of gift cards on offer for impressive discounts of up to 31% – some of the best weve seen. This website is easy to use. Retailers are listed alphabetically but you can also search by price, card type, or a multitude of categories. Like other exchange websites, each retailer has a saving of up to a certain amount. You can then click to see what your options are.

However, there isnt an app on offer which penalises Gift Card Spread when compared to competitors such as CardCash, and the process of selling your card is far too complicated to be worth the hassle. If you’re looking to buy cards this is the place to do it, but anyone seeking to exchange or sell should definitely consider other options.

Transferring The Gift Card Balance

  • 1Charge the gift card balance on Square. The gift card will be authorized, the card’s balance will fall to zero, and the funds will be deposited by Square into your bank account within one business day.
  • If Square does not allow the transfer, you will see a note that it is against their policy to transfer a Visa gift card balance. They will still charge the 3.5% or 2.75% fee to your bank account, and the balance will get credited back to the Visa gift card.
  • 2Check your bank account for the money. It should take just one business day for the money to show up in your account. Allow an extra day if you made the charge later in the day, some banks also take time to process it. The transaction could show up as a pending deposit and may not have immediate availability. Check your bank’s policies online or with your branch.
  • A bank’s stated policy is typically the worst case scenario for your fund availability. It is often faster than the stated time frames.
  • 3Check the Visa gift card balance. The Visa gift card should have a zero balance if you successfully transferred the funds. However, if Square rejected the transaction, you will need to check the balance and make sure the fund were returned to the Visa gift card.Advertisement
  • Use Your Visa Gift Cards To Buy And Resell Items For Cash

    This method requires a bit more ingenuity and a few extra steps, but it can be worth it if you have a sales spirit.

    Basically, you can use your Visa gift card to purchase items on sale at lower prices and list them on platforms like eBay, craigslist, or even your social media account for sale.

    For instance, if you find a sale on wireless earbuds worth $80 going for $40, you can use your gift card to make the purchase and resell it for $60.

    You end up getting $20 more than you spent, and youve successfully converted a portion of your gift card into cash.

    This works really well if you have a knack for finding the best deals, promotions, and discounts on items.

    Whats more, some online payment sites like PayPal allow you to make purchases using your prepaid gift card even without having an account, making it less of a headache when its time to make a purchase.

    Read Also: Where To Buy Grubhub Gift Cards In Store

    How To Get Money Off Your Gift Card

    Here is how to get money off a gift card.

    The process is easier than you think. First, you have to check the balance on the card. This is so that you can determine if this is worth it or not.

    Next, you are going to want to take your card to a gift card exchange kiosk. Follow the directions on the screen. Check over everything before you hit accept.

    Take the receipt to the cashier and get your cash. It’s like going to the CoinStar.

    Alternatively, to get money from your gift card you can do the following:

    • Sell your gift card.
    • Use the gift card to buy an in-demand product and then sell the product.
    • Buy money orders directly to pay yourself.
    • Trade your gift card for something else. This is similar to selling but you can get a different product for it in exchange.

    How To Get Cash From A Vanilla Visa Gift Card

    TURN YOUR GIFT CARDS INTO CASH Simply Sweet Days

    While you cant get cash from a Vanilla Visa gift card directly, you have options like selling the gift card either online or in person or having the money transferred to your PayPal account. You will then receive money in exchange for the gift card.

    That is, much like the other cards in this article, you cant transfer money or withdraw money from your Vanilla Visa gift card. However, there are several workarounds available.

    In fact, the process of how to get cash from a Vanilla Visa gift card is the same as how to convert any Visa gift card to cash, allowing you to use the balance in exactly the same way as cash. Check out some of the options earlier in this article to see which one may work best for you.

    Also Check: My Starbucks Card Doesn T Have A Security Code

    Avoid Redeeming Credit Card Rewards For Gift Cards

    Theres one more thing you need to know about making money from gift cardsin most cases, redeeming credit card points, miles or cash back for gift cards isnt the best use of your hard-earned rewards. While you can redeem credit card rewards for gift cards, youll often get a lower value than you could have earned if youd redeemed your rewards for statement credits, travel bookings or online shopping.

    If you want to maximize your credit card rewards, its best to avoid turning your points, miles or cash into gift cards. Instead, take some time to learn which rewards redemption methods offer the biggest bang for your buck. If you have a Chase travel credit card, for example, your points are often worth more when you redeem them for travel through Chase Ultimate Rewardswhich means youre leaving money on the table if you redeem your Chase Ultimate Rewards points for gift cards.

    Can I Sell My Visa Gift Card

    No. Though Visa®, Mastercard® and other bank-issued gift cards are accepted at a wide range of placesonline, in stores, over the phonethey cannot be sold for cash at a Gift Card Exchange kiosk. Since we were standing in the grocery store, however, I suggested she use the card to buy groceries or pay for her prescriptions next time she visits the store.

    Having never used this kiosk before our trip, I can honestly say that it is something I will consider trying again depending on the card I have and how quickly I want the money.

    The process of exchanging a card for cash in this way takes a few minutes because you have to enter information about the card as well as provide personal identification, but it only takes a few seconds to get an offer. So theres no harm in walking up to the machine, scanning your card, selecting a retailer and seeing how much money you can get. If youve got cards that have been in your wallet for a few months, then its worth taking a few minutes to see if you could get cash instead.

    Do you have other gift card questions or need gift card help? Leave a note for me in the comments below or reach out to me on Twitter . I never get tired of answering your gift card questions.

    Happy Gift Carding!

    ~Shelley Hunter, Gift Card Girlfriend

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    Read Also: How To Check My Macy’s Gift Card Balance

    Accept The Gift Card Offer

    Gift Card Exchange pays up to 85% of the value of the gift card, but the amount of the offer you get will depend on the popularity of the gift card. Grocery store, gas station and large department store gift cards such as Target or Walmart generally fetch higher resale values than gift cards to smaller retailers. Though your experience may be different , we sold a $25 Best Buy gift card for $16.25.

    Heres a Tip! You can choose to accept the offer. Once you successfully enter the card information, the Gift Card Exchange machine will make you an offer for the card. If you are happy with the amount offered, then select Accept. If not, select Decline. Youre not obligated to complete the transaction until you accept the cash back offer.

    Sell A Gift Card On Raise

    How to turn unloved gift cards into cold hard cash after the Holiday season

    To sell a gift card on Raise, click the Sell Gift Cards link at the top of the homepage. Enter the name of the retailer and click the Get Started button. At the next page, type the number and PIN for the card along with the amount. The site tells you how much money your card will fetch.

    Click the Continue Listing button to list the card for sale. If it sells, you receive your money through direct deposit into a bank account, through a check, or through PayPal.

    Read Also: Where Can I Buy A Dunkin Donuts Gift Card

    With Raise Youll Get To Set Your Own Price For Your Unused Gift Cards

    • Payout value: You set the value of your gift card!
    • Payout options: Check by mail , ACH deposit, or PayPal.
    • Retailers accepted: More than 4,000 brands, though there are many brands with restrictions.

    Likely one of the most well-known websites on this list, Raise.com is another great place to sell your unwanted gift cards. Its a bit different from the other websites mentioned as you have the freedom to set your own price for the sale. Sweet!

    At Raise, after you enter in the amount of your card & card information, you choose your selling price , and the website will show how much you can earn from the sale after they take their cut of the selling fees. So while it may seem like you could get more for your card on Raise, dont forget to take the websites commission into account.

    Looking to buy a gift card? For a limited time, get an extra 10% off all of Raises discounted gift cards when you enter promo code FIRST on your first purchase.

    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.

    Recommended Reading: Traditional 6th Year Anniversary Gift

    Easy Ways To Convert Visa Gift Cards To Cash

    There are many ways to convert Visa gift cards to cash. In this article, we’ll share the fastest ways to get access to liquid cash when you need it.

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    If youre reading this, chances are you have a Visa gift card you probably received as a gift for your birthday, wedding, or as a kind gesture from a relative or friend.

    You accepted it with a warm smile, but deep down, you wished it was cash instead. So now, youre on the internet looking for ways to convert your visa gift card to cash.

    Dont worry. Weve all been there.

    The good news is, there are ways to turn them into cash that can be as simple as taking one quick scan and receiving cash as soon as the next business day.

    Dont believe me? Lets get right into how to convert Visa gift cards into cash.

    Reselling To Get Cash From A Visa Gift Card

    Turn Your Visa Gift Card Into Cash 2017

    Another expensive way to turn a Visa gift card into cash is to resell it to Visa gift card resellers.

    Most of these will charge veryhigh fees when you compare them to other methods mentioned in this article.

    You should only resort to this ifyou are desperate to liquidate these cards.

    There are companies such as Raisethat will charge you 15% of the balance on the card in commissions.

    If you want to use Raise you candownload their mobile app where you can sell your visa gift cards.

    Afterward, you can send the cardto them.

    In terms of payment, they offertwo options i.e. PayPal or a check

    Another way to resell your cardis to use sites such as eBay.

    Here at least you have somecontrol over the price as compared to sites such as Raise.

    This way you might be able to getan amount closer to the balance if you play your cards well.

    Recommended Reading: Ebay Gift Certificate

    Bring Your Id And Credit Card

    I took my son with me to a Gift Card Exchange machine once and he asked the obvious question, How does the machine know that theres money on the gift card? Couldnt someone just say it has $20 and get cash back? The answer is no. The Gift Card Exchange kiosk will check the balance of the gift card before accepting it. But just to avoid any potential tomfoolery, youll need to provide your mobile phone number and email address, plus scan your drivers license and a credit or debit card in order to complete the transaction.

    Sell Your Gift Cards For Cash

    Once youve officially made the decision to part ways with your gift card, there are plenty of official websites that can help you sell your gift cards to people who might actually want to use them.

    Companies like Raise and CardCash let you sell gift cards for as much as 92 percent cash back. While you wont walk away with 100 percent of the value of the card, you can use these sites to turn old gift cards into cashwhich you can then use to buy whatever youd like.

    Reputable gift card resale sites also ensure that your gift card transactions stay safe with money-back guarantees and fraud protection. Why is this important? Well, when youre weighing the pros and cons of selling a gift card via a resale site vs. selling directly to someone on social media, you need to consider all potential security issues. If you sell gift cards person-to-person, you could run into online scammers or people who take your gift cards without giving you your promised payment.

    Recommended Reading: Gift Cards For Oculus Quest 2 Games

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    Buy Money Orders With The Visa Gift Card

    How to turn unused gift cards into cash

    Another way would be to use your Visa gift card to buy money orders.

    There will be a fee of coursewhich will be charged to the card.

    Therefore you have to take thatinto account before embarking on this path.

    This method depends on whether yourcard will let you buy money orders, some dont.

    If it does allow you to do thisthen you cash the money orders or deposit them into your bank account.

    Recommended Reading: What Stores Sell Pacsun Gift Cards

    Ways To Convert Visa Gift Cards To Cash

    We have all been in a situation when we wished we could convert visa gift cards to cash. In this post, I will discuss various ways that we can use to have a Visa gift card exchanged for cash.

    When it comes to discarding theuse of cash the world still has a long way to go.

    Even these days where online andcard payments are very popular, there are still times when you still have touse cash.

    For instance some smallconvenience stores and in most traditional markets, most sellers still onlyaccept cash.

    It is in such places that we may wish we had converted our visa gift cards to cash.

    When it comes to shopping cash isstill popular even in the western world.

    I remember a few years ago I wasin serious need of cash but the only card I had at that time was a visa giftcard.

    It was a very tricky situation and I wished the guy that had given me a visa gift card had just given me some cash instead.

    You see, there could be several reasons why someone might want wish to get cash from a Visa gift card

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