When You Cant Get Cash For Gift Cards
If you find it is impossible to get cash for gift cards youre looking to sell, dont lose hope. I have some additional tips of how you can make the most of those unwanted gift cards. In some instances you might still be able to make a little money from them but not in a way you might have expected. Here are three additional tips on what to do with unwanted gift cards.
Remind Yourself How Much Is On Each Gift Card
If you were to look in my wallet right now, you would see a gift card in there. Written on the back in Sharpie is this: $12.80. Thats because the last time I went to that store and used my gift card, I wasnt buying enough stuff to use up the whole amount. The receipt told me I had $12.80 left on the gift card so I wrote it on the back. This simple gift card hack helps you remember how much is left on a gift card so you can use it up smartly.
While some retailers can handle the notion of partial purchases with gift cards, others cannot. And if you cant make a purchase for that $12.80, then using up the remaining balance could become a problem. Which is why using the entire amount on your gift card the first time youre using it can often be the best way to get the most from a gift card.
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Remember you need to buy items from vendors that accept gift cards as payment. Established sites such as eBay and Facebook Marketplace are a great place to start.
Once you have bought the item, you now just need to resell it for a higher price than you paid. After it has sold you now have the cash in your account to use however you like.
Buying and selling goods will involve more work than the other methods listed. However, it can mean making a profit on the gift cards which for many means the extra time spent is worth it. If you are in a rush for cash then one of the other methods will be better.
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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.
Buy A Money Order With It
If you have a PIN you can go to a retailer like Wal-Mart or any place that sells money orders, purchase a money order then deposit the money order into your account. Money orders will only cost you a .70 cent fee and youre done.
This method may not work anymore as stores force non-chip cards to use credit rather than debit, even with a PIN. However, not all retailers have integrated this into their POS system.
Can You Transfer A Visa Gift Card To The Cash App
You cant transfer a Visa gift card to the Cash App as this app doesnt allow gift cards to be used as a payment option. Instead, you have to find a way to convert the Visa gift card to cash and then add that as a balance to the Cash App.
Id particularly recommend checking out some of the options in this article on how to add the money from your Visa gift card to your PayPal account. This is because, from there, its very easy to add this amount to your Cash App account.
Can You Transfer Money From A Visa Gift Card To Paypal
Yes, you can easily transfer money from a Visa gift card to PayPal. First, log in to your PayPal account. Find the wallet option at the top, once selected click link a card, and follow the instructions to add the details of the gift card. Once the balance has been added you can withdraw the money to your bank account, transfer it to other PayPal users, or spend it with merchants that accept PayPal. Dont forget that fees may apply so factor that into your calculations.
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Use It To Buy A Money Order
Stores like Walmart as well as certain grocery stores will let you buy money orders using your Visa gift card. That said, the availability of this can vary, so check if this is an option in your area.
But once youve done this, the money order can then be deposited into your bank account to be used as straight up cash.
One thing you should keep in mind, however, is that some banks have had a habit of shutting down accounts if too many money orders are deposited. As such if you do choose to do this, perhaps combine it with some of the other options on this list.
Sell Gift Card On Raise App
One way to convert a Visa gift card to cash is to use an app. There are many apps that buy the card from you, then resell it for a profit. This method can be a fast way of converting those Visa gift cards into cash.
However, a word of caution to bear in mind. The fees involved can be high which means this method is best if no others are available or if you need the cash quickly.
A great app to use is offered by Raise. The Raise app is available on App Store and Play Store. Once downloaded you can easily sell your gift cards, but Raise does take a 15% commission. When you sell a gift card on Raise you can get paid via PayPal, check, or straight into your bank account.
Related: 33 Awesome Apps That Pay You
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Faqs And Tips On Gift Certificates And Gift Cards: Legal Guide S
FAQs and Tips on Gift Certificates and Gift Cards
You want to give a friend a gift, but your friend “has everything” or you don’t know what to give.
This legal guide answers common questions about gift certificates and gift cards sold after January 1, 2004, with respect to California law. Since most of the answers also have exceptions, be sure to read the entire answer. Please be aware that the federal government has also recently enacted regulations on the topic of gift certificates and gift cards, effective August 22, 2010.1 Federal law may pre-empt California law where the terms are inconsistent and federal law is more protective of consumers. Because the federal regulation is so new, specific issues of pre-emption have not been decided by the Board of Governors of the Federal Reserve system, nor have they been litigated. It is the opinion of this office that, where the laws are inconsistent, the law that is most protective of consumers should be followed. For an overview and comparison of federal and California gift card law, please see Tables A and B, attached.
Gift certificates and gift cards are covered by statutes setting these basic rules:2
FREQUENTLY ASKED QUESTIONS ABOUT GIFT CERTIFICATES AND GIFT CARDS
Q.2. Can a gift certificate or gift card contain an expiration date? A. No. However, this general rule is subject to the following exceptions:
However, there is an exception from this general rule for a gift card where:
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Are Visa Gift Cards Traceable
The transactions themselves are traceable as they are tracked by Visa but it is another thing when it comes to tracing the user. This is because there is no name or contact information connected to the card.
Having said that I should still add that one can still trace the buyer of a gift card easily if they bought it using a debit card or using their bank account.
In this case, the seller or law enforcement can be able to track you through your card details or bank details used during the purchase. But if you use cash to purchase the gift card it would be difficult to trace the purchaser.
Another way law enforcement or others can track the user of a gift card is through the IP address of the computer used to do a transaction. Most people dont know that almost all the transactions we do online leave a digital footprint.
Even the emails we send leave a digital footprint in the form of the IP address from which it was sent. It does not matter whether you are using Gmail or yahoo mail. Another way an investigator can trace you is through the mailing addresses you use when doing your purchases.
Simple Options To Convert Visa Gift Cards To Cash
Receiving gift cards is great but making sure youre actually able to use the balance is the best part of all. Thats why seeing how to convert Visa gift cards to cash can be a great way to make sure that you use whats on the card with the added flexibility of being able to spend the balance anywhere!
Perhaps you were given the card as a gift or you bought it as part of a promotion. The latter is pretty common, as youll often find stores that offer discounts or bonus deals if you buy Visa gift cards from them. This can, in turn, save you a good amount on the actual value stored on the card.
You could even have gotten it by having earned it yourself! Sites like Swagbucksoffer this from time to time, by letting you earn Visa gift cards for free by watching videos, playing games and searching the internet.
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But now that youve got the card, you may be struggling to figure out what to do with it. Or you could just prefer to have straight up cash to be able to use it how you want.
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Donate Your Unused Gift Cards
Its also possible to donate your unused gift cards to charitable organizations. You can look for a local charity that buys food or essential items at Amazon.
Another option is buying items with your gift card and donating them. Examples can include canned food or baby diapers.
If a charity will write you a receipt for the donation, you can claim it as a charitable contribution at tax time.
Some charitable gift card websites like Gift Cards 4 Change will accept gift card donations.
This might not be the most lucrative option. However, it helps a good cause and gives the funds to someone that needs the money more than you do.
Where To Buy Gift Cards
Before you buy a gift card, ask if there are any restrictions on what you can buy.
Gift cards for various retailers are available:
- at Canada Post outlets
When you buy a gift card, make sure the retailer activates the card.
When you buy a gift card, you dont pay tax on the gift card. The retailer will charge tax when you buy a taxable item with the gift card. For example, you pay tax on a sweater you buy with a gift card, the same as you would when you pay with cash or credit.
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Sell Gift Cards For Cash
If you want to sell your gift card for cash, your return will be lower than if you exchange it, says Romanelli: Swapping your gift card for another stores is the best way to maximize your return.
GiftCardGranny.com found that the cards with the highest resale value are for groceries , gas stations , or large retailers that offer a wide range of products, such as Amazon and Walmart, which round out the top five.
If you dont want to have the value of your gift card dictated by a reseller, use Raise.com to sell your gift card for cash. You set your own pricethink eBay, but without the bidding. WalletHub ranked Raise.com as the second best gift card exchange for sellers, with the average resale value on the site topping $81 for an $100 gift card.
You can list any online gift card for free on the site for physical gift cards, you’ll pay $1 or 1% of the total balance, whichever is greater. But you may have to wait to get a buyer who’ll pay the price you’re asking. And when you sell the card, the company will take a 12% cutso even if you get someone to pay full value for your gift card, you’ll recoup no greater than 88%.
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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.
Getting Cash Back From A Visa Gift Card
Yes, conveniently there are some ways that you can get cash for your Visa gift card and we will go through them today. By now, you probably already know that there are a handful of ways to get your hands on Visa gift cards for basically free. Then, you can convert them to cash using the methods below.
Here are common questions people ask about how to get cash from a Visa gift card:
You can get cash from your Visa gift card by using it to pay your bills, resell it, buy a money order with it and finding ways to pay yourself with it. You can also opt to cash it out through an app called Prepaid2Cash or find a gift card kiosk near you. The Prepaid2Cash app makes getting cash for your Visa gift cards easier than ever before.
Take it to a gift card exchange kiosk or sell it online or near you via a selling appor Facebook Marketplace.
The all-purpose Visa Prepaid card is a prepaid card that you can use to withdraw cash, pay bills or make purchases anywhere Visa Debit cards are accepted, in-person or online.
Venmo lets you add Visa gift card balances as long as the transfer isnt blocked for fraud protection reasons. You can transfer the balance to your account after it is loaded.
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