Sunday, July 3, 2022

How To Cash In Gift Cards

First Check Your Balance

How to turn unused gift cards into cash

Before you throw any of your single-use gift cards away, make sure to check the remaining balance.

With almost every card, there will be multiple ways to do this:

  • Online on the vendors website
  • In store at one of the vendors outlets

Any remaining balance is good news. If it is a considerable sum, you can decide whether you want to use it to spoil yourself with something from the vendor.

If its a smaller amount, $5 or less, you may want to convert it to cash.

How To Sell Gift Cards Online Instantly

At Your Money Geek, we love earning free gift cards!

However, often our favorite apps to earn gift cards may not offer the card we are looking for. For example, maybe we won an Amazon card but really need a Lowes card. Also, Let’s not forget that sometimes you need cash to pay bills or invest.

Luckily, there are several ways you can sell gift cards online for cash, and receive either check or PayPal.

Note: Keep in mind that everyone’s success in selling gift cards is a little different. So, try a few different ways and figure out what your most effective method is. When you do, let us know what you discovered were always eager to learn more about user experience with the tools weve highlighted.

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
  • Also Check: How To Add Visa Gift Card To Itunes

    Can Gift Cards Be Used To Launder Money

    Yes, both store gift cards and prepaid cards have been used by criminals to launder money for the simple fact that they allow anonymity. Generally, these cards can be used to avoid causing laundering alerts.

    For example, one can pre-load large amounts of money into a prepaid card and transfer small amounts into bank accounts a process known as smurfing. This is very common with drug traffickers and is obviously illegal.

    Donate Your Gift Card

    Exchanging Gifts Cards For Cash

    If youd rather keep another service from profiting off your gift card or dont find the exchange worthwhileor if you’d feel less Scroogelike by giving your unwanted card awaycontact your favorite charitable nonprofit and ask if they accept donated gift cards. Giving the card away could even lower your tax bill, if you itemize, and extend that holiday generosity even more.

    Read Also: Can I Use Uber Gift Card For Uber Eats

    Why Sell Gift Cards For Cash

    Got a gift card you dont want? Then sell it for cash online, at a mall kiosk, in some grocery stores or at select service centers. You wont get the gift cards full value back in cash, but getting some money in return is better than nothing. Depending on where you sell the card and the demand for that particular brand card, the cash back offer can be anywhere from 60 to 92 percent. Payment options typically range from cash, a check in the mail, a gift card to a different store or a PayPal deposit.

    Companies that buy gift cards turn around and sell the cards to other people at a slightly higher rate, but still below the face value. Since being the go-between in this gift card aftermarket can be fairly profitable, there are a number of places where gift cards can be sold for cash.

    Bonus: Confetti Money Balloons

    Want to make your money gift-giving extra sparkly? Money balloons with confetti are the most fun way to give money as gift, because if youve learned anything so far in this blog, its that cards are BORING! Get inspired and make these festive money balloons. Add some confetti in your money ballons for a fun blast of sparkle that every little girl is sure to love!

    Also Check: How To Use Fandango Gift Card

    Contact Apples Customer Support Online

    You can contact Apple via online chat and ask about your gift card balance. Scroll to the bottom of the page and click on Chat. Youll have to wait about two minutes for an Apple representative to reply.

    If you prefer sending an email message to the support service, you can do so by following the instructions:

  • Open the Apple Online Chat page
  • Click on Email
  • Youll get a reply via email within 48 hours.

    How Can I Get Cash For Gift Cards Immediately

    HOW TO CASH OUT GIFT CARDS ON IBOTTA | QUICK TUTORIAL |

    When you sell your gift cards online, its possible to get a quote immediately. That is, you can easily and quickly check how much your gift card is worth. But the entire process of selling the gift card online will take much longer, especially if mailing the gift card is required.

    One option for faster cash is through GiftCardBin, which partners with more than 600 businesses nationwide to buy gift cards in person. Use its store locator tool to see if a partner is nearby. Then you can sell your gift cards for fast cash. However, you should expect a quote much less than the online exchanges.

    Read Also: Buy Dunkin Donuts Gift Card

    Cover Your Bills Via Visa Card

    Paying bills using your Visa Gift Card, is the same as converting your gift to cash although, in this case, you wont get to pocket or see the hard cash.

    It is also worth noting that Visa Cards are perceived as credit cards and attract transaction charges. So, before going down this route, first, consider how much it will cost in terms of fees.

    How to liquidate a Visa Card by paying bills

    A billing provider that accepts Visa cards for payment includes the likes of Plastiq. Here, you can pay large bills such as a mortgage, vehicle, purchase, and more.

    Sadly, not all companies will allow making such huge payments but you can still use your card for buying gas, groceries, or even topping up your phone credit.

    Add It To Your Paypal Wallet

    PayPal lets you add prepaid cards, including Via gift cards, to your PayPal wallet. What this means is that youre then able to treat the balance like cash, by using it to purchase things from any merchant that accepts PayPal which is most major ones, these days.

    How can I get money off of a gift card through PayPal?

    To get money from a Visa gift card to PayPal accounts, just do the following:

  • Log in to your PayPal account.
  • Select the Wallet option at the top of the page
  • There should be an option on the left to Link a card or bank. Youll be able to find this under any existing cards or banks you have linked. Click this and continue through the prompts.
  • When you get to the point where PayPal asks you for the relevant information, add your Visa gift card details. Then click Link Card.
  • Theres a chance that you may get an error when trying to do this. If that happens to you, you may have to first register the card with the issuer so an address is linked to the Visa gift card. After that, PayPal should have no problem accepting it.

    BOOST YOUR INCOME TODAY

    Need to make more money but dont want to waste your time?

    See what 7,800+ people said were their top ways to make money so you too can earn extra cash as fast as possible.

    Get it free for a limited time!

    Got it!

    Check your inbox to grab your free guide!

    Youll also join our mailing list to get updates on how to make and save money unsubscribe at any time at the end of each email.

    Read Also: How To Check Amount On Subway Gift Card

    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.

    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.

    Cash Your Gift Card On Jour Cards Store

    Want to turn those gift cards into cash?

    Are you struggling to find a simple route to exchange Visa cards for cash? Try Jour Cards Store. This is an online payment and games e-shop. The platform comes highly recommended with a 4.3-star rating on Trust Pilot.

    They offer several services including the exchange of Visa gift cards for liquid cash. The store uses online currency through platforms such as PayPal and Bitcoins.

    Jour Cards gives you 80% of the total value of your Visa Gift Card, and take the remaining 20% as commission. Before the deal goes through, the company tests your card for viability through their exchange department.

    Jour Cards store will either wire your money to your e-wallet or account email. The whole process takes around 1 to 3 days.

    Other Jour cards offers include steam wallet gift cards.

    Also Check: Where To Buy Bath And Body Works Gift Cards

    Sell Your Unused Gift Cards For Cash

    There are websites available that will enable you to sell your gift cards for something very close to its face value. One such site is Cardpool.com. The site advertises that it will get you the highest price for your gift cards when you sell through the site. They also promise that they only work with the most reputable resellers to provide top-notch service and prompt payment.

    Once on the site, you simply need to enter the merchant or store on your gift card to see which exchange site will offer you the most money. Just exactly how much you can sell a gift card for through the site will depend on the merchant .

    For example, gift cards to a popular retailer like Target will fetch as much as $90 for a $100 card. But a $100 gift card to a much more highly specialized retailer, like Bass Pro Shops will get no more than $78.

    Still another site where you can sell your unwanted gift cards is Gift Card Granny. There you can sell hundreds of popular gift cards, and providing you with the option to either redeem the proceeds by mail, or online.

    The site advertises that the most popular gift cards can fetch as much as $92 , which is seriously close to the full face value, and they offer free shipping too.

    Earn Money Along The Way

    Our AI-driven app doesnt only help you fight corporate attitudes, but it also finds ways for you to earn some money. Whether its by assisting you in applying for clinical trials, finding unclaimed money, getting you free raffle tickets, waiving your college application fees, getting you robocall compensation, or reducing your property taxes, DoNotPay will deliver.

    If youre dealing with text or email spam or with real-life stalkers and harassers, you can count on DoNotPay to get rid of and help you earn off them!

    Read Also: How To Use Fandango Gift Card

    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.

    Use Your Visa Gift Cards To Buy And Resell Items For Cash

    How to Sell Gift Card for Cash | Easiest Way to Get Most Money from Selling GiftCards!

    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.

    You May Like: Can You Add Visa Gift Cards To Apple Wallet

    How To Sell Gift Cards For Cash Safely Online

    Sure, its the thought that counts. But sometimes you get a gift card you really dont want or cant use.

    Maybe you dont eat at that restaurant. Maybe theres no store nearby. Maybe theres not enough value on the card and you would need to spend your own money to buy something.

    Unless you can regift it, chances are youll toss that card in a drawer or put it in your wallet, and hope youll find a way to use it someday. But will you?

    About 6 percent of all gift cards are never used, according to Anduro Marketing. If you havent used the card within 180 days, chances are you wont, according to the Paytronix Annual Gift Card Sales Report 2019.

    Rather than losing money, why not sell the card? You wont get full value for it, but its better than losing the card or forgetting to use it. Thats a 100 percent loss.

    Id rather see people spend their gift cards, redeem them, and get the full value, but I really like the fact that theres a backup plan if you cant do that sell them, said Shelley Hunter, Gift Card Girlfriend at GiftCards.com.

    Transfer Visa Cards To Bank Account

    You can transfer Visa gift cards to your bank account, although not directly. As much as gift cards are treated as credit cards, the balance isnt transferable to a bank.

    But there are some ways to make the conversion. Much of this involves going through digital wallets, money transfer services, and gift exchange kiosks.

    Don’t Miss: How To Add An Apple Gift Card

    Use Your Visa Gift Cards To Pay Your Bills

    Assuming you need extra cash for grocery shopping and paying some of your bills, you can use your Visa gift cards for this.

    Paying your bills with your Visa gift cards is almost the same as converting it to real cash, although you would just never see it physically.

    Keep in mind that a gift card is considered a form of credit card, and you would incur credit card fees while using it to settle your bills.

    So you should do the required math and check if paying your bills with Visa gift cards is worth it before proceeding.

    Examples of bills you can pay with your Visa gift cards include phone bills, topping up your gas tank, and paying for groceries.

    If you want to pay large bills like your mortgage, car bills, and more, you should try out a free service called Plastiq that lets you do that.

    Pay Your Bills With Your Visa Gift Card

    Warning: Gift Card

    Using your gift card to pay a bill is exactly the same as converting your Visa gift cards to cash although youll never actually get to see the money.

    Just remember that because the Visa gift card is treated the same as a credit card, youll also incur any credit card fees, so make sure you do the math to confirm that its worth it.

    How do you liquidate a Visa gift card by paying bills?

    This can be done with any billing provider that accepts Visa credit cards for bill payments, as the Visa gift cards are treated exactly the same.

    Not every single company will allow this, but youll almost certainly be able to use your card in this way for things like topping up your phone credit, buying groceries and gas or renewing your subscription at the local yoga studio.

    Related: How to Live Cheap: 54 Frugal Living Tips to Save You Money

    You May Like: Cabelas Gift Card Value

    Popular Articles
    Related news