Thursday, June 16, 2022

How To Convert Vanilla Gift Card To Cash

How To Get Money Off Of Visa Gift Card Through Paypal

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

Here are the steps to get the money off from a Visa gift card to your PayPal wallet.

  • Log in to your PayPal account.
  • Choose the Wallet option from the top of the page
  • Select Link a card or bank.
  • Add your Visa gift card details. Then click on the Link Card tab.

If it shows an error when you add the Gift card, maybe you should have first register the card with the issuer so an address is linked to the Visa gift card. After that, there should be no problem for PayPal to accept it.

Can You Get Money From Selling Your Gift Cards

Absolutely. You can totally get money from selling your gift cards. The cool thing about selling stuff online is that you can always find a platform to sell items quickly.

This post shares some of the best ways and places to sell gift cards. Some of my favorites mentioned in this post are Gift Card Granny and Gift Cash. You can check out some of those sites to see if those are a good fit for you to sell your unwanted gift cards.

Can You Transfer Money From A Vanilla Visa Gift Card To Bank Account

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.

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Sell It On A Gift Card Exchange

Another way to exchange your Visa gift card for cash is to just sell it.

There are numerous apps and websites that let you sell Visa gift cards for cash. The only downside to these is they tend to take a pretty hefty commission, so its best to try other avenues first.

One reputable website you can use is Raise, which lets you sell unused, unwanted gift cards, including Visa gift cards.

If you did want to give this method a shot, definitely try out Raise.

Its available via browser, but they also have an app if thats easier for you.

Raise actually works with Prepaid 2 Cash to let you convert your Visa gift cards to cash, but its a secure and quick way to get some extra cash in your hands.

Other websites you can use to get cash from a Visa gift card include CardCash and GiftDeals.

Before selling, remember to shop around to check what the commission percentage is to find the best platform to sell your Visa gift cards!

Transfer Visa Cards To Bank Account

Sell Vanilla Go Gift Card For Cash and Bitcoins ...

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.

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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.

Related: Coinstar Gift Card Exchange: A Way To Get Quick Cash?

Sell Your Visa Gift Card For Cash

I hate these options out of most because you wont get 100% of your value, but with the right site, you could get up to 95% back. I would only consider this option if you dont have a PayPal/Venmo or you dont want to deal with the hassle of it.

To sell your Visa gift card for cash online, its relatively easy. Just head to one of the many sites Im about to mention, ask for a quote and then follow the prompts if you want to sell it to them.

In most cases, you can get your cash almost instant while some may have a 24-48 hour waiting period. You should know the terms before you sell them, however.

If interested, here are some websites that buy Visa gift cards:

Again, dont expect 100%. Instead, maybe 95% at most. For instance, I could get $22.50 for my $25 Visa gift card. You have to ask yourself if its worth it.

TIP: If you dont want to sell your Visa gift card, you can trade them on these platforms, too!

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Gift Card Exchange Websites

Raise is an online marketplace for gift cards.

You list your gift card and set the selling price. You get paid via direct deposit, PayPal, or check when you sell your cards.

CardCash is another similar site, but instead of being a marketplace, they buy them from you.

Typically you don’t actually have to send them the card. The value can be transferred electronically to them using the card number and pin. If you do have to mail them in, it will take a bit longer to receive your money.

And if your card has an expiration date or is a promotional gift card, it likely won’t be accepted.

And remember, using these services will cost you typically 8-15% of the value left on the card.

eBay, or another similar eCommerce site, is another option. You can list your unused cards for sale. And even though a commission is charged, you’d pay less than the other sites’ fee.

Visa And Mastercard Gift Cards As Gifts

How To Turn Gift Cards Into Cash Tutorial

One method we mentioned earlier was to use gift cards to pay bills, then you have the cash you would have used for the bill to use for whatever you like.

A similar idea to this is to give gift cards as presents. Doing this means you still have the cash you would have used for the present and the recipient has the gift card to use for whatever they like.

Read Also: Sell Lyft Gift Card

Use Visa Card To Buy A Money Order

Walmart and other grocery stores will let you purchase money orders using your gift card. However, first, check if this option is available in your area since the service is dependent on state law. The money order can be deposited into your bank account for you to access the money.

One more thing is that, if you have too many money order deposits, there is a possibility of banks closing down your account for security purposes.

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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Can You Transfer Money From A Visa Gift Card To A Bank Account

Yes, it is possible to transfer money from a Visa gift card to a bank account but you have to go about it in a roundabout way. But dont worry! Its less difficult than you think to get around it.

Theres nothing worse than losing a gift card or forgetting you have it around so below Ill cover some options to help you liquidate your Visa gift card.

Sell It To A Gift Card Site

Add money to vanilla visa gift card online

Theres a difference between selling your visa gift cards on an e-commerce site and selling directly to a gift card site.

On an e-commerce site, youre selling directly to an end-user or another individual. But when you sell to a gift card site, you are selling to a corporation.

Sites like Gift Card Granny, GiftCash, CardSwapper, CardCash, and Gift Card Spread offer cash in exchange for your Visa gift cards.

While this option promises to be safe based on the sites accountability and integrity, youll be made to agree with their flat fees/charges depending on the amount of gift card you wish to sell.

We know they would never charge greedy fees. But you need to consider how much youll get from the Visa gift card at the end of the transaction, after deducting the fees, of course!

Some of these sites would even pay for your postage to send them the Visa gift card. But if your card is virtual, then the Visa gift card to cash exchange process is almost instant.

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Regift The Visa Gift Card

If youve ruled out all of the other options above, it may be time to think about regifting. If you were going to spend money buying a friend or family member a gift anyway, you can instead gift them your gift card instead.

Just make sure you remove any identifying information that shows it was initially a gift FOR you to avoid potential awkwardness.

Can I Use A Gift Card To Make A Payment

An important thing to take note of when seeking to make any bill payment with a prepaid card of any kind is the cards processor. Store gift cards typically cant be used for bill payment unless with that specific retailer. Beyond that, most prepaid cards will work in the same manner that any regular payment card will.

Read Also: How To Use Fandango Gift Card

Can You Turn A Visa Gift Card Into Cash In Hand

Some of these options are better than others at turning a Visa gift card into cash in hand. In fact, this will really only be the outcome when youre trading your card in in-person, such as when selling it to someone or converting a Gift Card Kiosk voucher into money.

However, having the money added to your PayPal or bank account is as close to cash in hand as you can get. Simply add the extra step of going to withdraw it and youre on your way.

Use The Visa Gift Card To Pay Your Bills

Can You Use Vanilla Visa Gift Card For iPhone iTunes Payment?

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.

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Also Check: Check My Dunkin Donuts Card Balance

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.

Try Visa Gift Card Cash Back

If you have a Visa card and are wondering if you can get hard cash from it, the simple answer is probably not. Withdrawing from an ATM requires you to key in your PIN .

And, because Visa gift cards do not have PINs, then you cannot get a cash advance on a visa gift card. Only prepaid cards can be used to get cash from an ATM or to claim cashback offers.

However, depending on a stores rules, you can go for cash back. Simply purchase using your gift card and return the item for cash. I have to warn you though, not many stores support this and you may be found in contravention of return policies.

Recommended Reading: Fandango Gift Card Faq

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.

Swap Gift Card For Cash

Sell vanilla gift card for money

A simple way to exchange a gift card for cash is to swap the card for the cash amount. You may have friends or family members that need to buy something and can use that specific gift card towards it. As they were going to spend the money anyway, they could just use the gift card instead of cash.

This is a win for you as you now have the cash in your bank account to use yourself.

Offering this deal to friends and family may work better when you know specific events are happening that usually include gift-giving. This could be Christmas, birthdays, weddings, etc. At these times ask around to see if anyone can make use of a gift card in exchange for the cash.

One reason people may decline is that the gift card balance isnt high enough. For example, the gift card balance is $50 but they plan to spend $100. This is OK. Simply let them know that retailers can usually do a split tender transaction. A split tender transaction means part of the balance is paid using a gift card and the rest can be paid with cash.

Swapping a gift card for cash in this way is a great method as it means you get the full amount of cash. That cash can now be used for savings, investing, or paying off debts.

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