Add It To Your Paypal Wallet
Another way to convert Visa gift cards to cash is with PayPal. That is, 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:
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.
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.
Can You Withdraw Cash From A Prepaid Visa
You can withdraw cash from a prepaid Visa, with the card being treated the same way as any Visa debit card. This means that you can use the prepaid Visa to make purchases online or in-person, make bill payments and withdraw cash.
Just keep in mind that a prepaid Visa is different from a Visa gift card, with the latter being more restricted in terms of how you use them. While a Visa gift card can be used the same way as a prepaid Visa when it comes to making purchases, its usually isnt possible to use a Visa gift card for ATM withdrawal or as cash back in a store.
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Add Your Visa Gift Card To Venmo
Venmo offers a way to transfer a Visa gift card to a bank. Add a Visa gift card as a funding source in your Venmo account. Choose to use the funds to pay for items online or directly transfer those funds to your bank account.
Simply set up a free account and link your bank to your wallet. Venmo does not charge a fee for uploading gift cards nor does it charge to transfer to your bank account. Funds reach your bank within a couple of business days.
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!
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Use Your Visa Gift Card To Buy A Money Order
Money orders are like checks, but they are a more trusted payment method because, unlike checks, money orders are pre-paid. This means that they are only issued once a buyer pays for one. Money orders can be used to pay for lots of different things.
Some stores, like Walmart and some grocery stores, allow you to purchase money orders using your Visa gift card.
However, not all places allow this so make sure you call ahead to ask if they allow the use of prepaid Visa cards to purchase money orders.
Make sure you read my post about the best places to get money order near you to learn more.
Once you have used your gift card to purchase a money order, the money order can be deposited into your bank account and be used as cash!
Download The Prepaid2cash App
Prepaid2Cash is an app that takes gift cards from many big name companies such as Visa, MasterCard, Nike, Target, and hundreds more and transfers the funds to your bank account. Simply hold the card in the frame on the app, link your bank account, and you can have your funds in as few as 15 minutes.
The app gives you up to 92% of the cards value. The app verifies the amount on the gift card and makes you an offer for how much it will pay you for the card. You do not have to accept the offer presented if you choose to hold onto the card instead. There is a 15% fee + $1.50 for instant transfers or a 7.5% fee + $1.50 for next business day transfers.
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Bank Of America Cashpay Card
If you have a Bank of America CashPay Card, whether it is a Visa or Mastercard, you can transfer funds to your bank account. If you have an originally-issued CashPay card, it is possible to perform an online funds transfer to a traditional United States savings or checking account that you own.
You have to pay corresponding fees and a minimum of $20 may be transferred.
One: Find Out If Your Prepaid Card Can Be Used Anywhere Or Is Limited To Participating Merchants Only
Visit your prepaid card companys website and look at the cards features. Can it be used anywhere that regular debit cards are accepted?
For example, certain cards have the following features:
The Card can be used to purchase merchandise and services anywhere Visa debit cards are accepted in the United States.
However, other cards are only limited to participating merchants:
Your Card can be used to purchase merchandise and services at any grocery store, specialty foods store, food truck or online food retailer in the US where Visa debit cards are accepted.
If your card can be used anywhere in the United States , then you can move on to step two. Otherwise, read our section on transferring gift card balances to your bank account.
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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.
Five: Follow Additional Instructions From The Prepaid Card Company And Perform The Transfer Online To Your Bank Account
Every prepaid card provider will have a slightly different set of instructions so make sure to follow the instructions carefully.
At any point, if youre unsure of what to do, your prepaid card provider should have a customer service hotline that you can call for help.
Here is an example of the detailed instructions provided by the Key2Benefits Prepaid Card website.
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Sell Your Visa Gift Card To Other People
Another option you could consider is to sell your Visa gift card to other people. While this can be one of the quickest ways to access that balance, just keep in mind that youre probably going to have to accept less money than the balance on the card to make it worth the other persons while to buy it from you.
That is, most people will only pay a portion of the balance when theyre buying a gift card from someone else. This is because they know that its convenient for you to offload the card like this and theres also a small element of risk on their part.
Sites like eBay or Craigslist will work perfectly for these kinds of arrangements. Make sure you keep in mind shipping costs if youre selling a physical card and, as always on these kinds of sites, keep an eye out for any scams. If something sounds too good to be true, it probably is.
How To Transfer Money To Your Bank Account From A Visa Gift Card
If you have a nice, shiny Visa gift card burning a hole in your pocket, you might want to transfer the money into your bank account for your own convenience. This way, you won’t have to worry about carrying an extra piece of plastic in your wallet until you’ve gone through its full balance. But shifting the balance to your bank account isn’t as easy as simply moving the funds from one place to another. The good news is that there are several options, some of which will cost nothing more than a few minutes of your time.
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How To Transfer Funds From A Prepaid American Express Gift Card To My Bank Account
Both the amex gift card and the bank account are already linked to my account. How can I transfer from one to the other . I thought that if I add the funds from the amex gift card to the paypal wallet, then transfer from the paypal wallet to my bank account but I don’t see how I can do this. If this is possible, I can’t figure it out….Any suggestions?
Buy Something Valuable And Sell It Online
If youve made it all the way to the bottom of this list and still need another option to turn your Visa gift card into cash, then this one is for you.
You can always buy something with the gift card that someone will appreciate and then try to sell it online. For example, use that old Barnes and Noble gift card to purchase some books and then resell them online.
Most likely, you wont get as much as you paid for the items. However, youll at least have the cash in hand to replace the unneeded gift card.
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Sell Your Visa Gift Card To A Gift Card Resale Site
An easy way to trade your Visa gift card for cash is to sell it to a gift card resale site, like:
And yes, you can even !
Now, this option isnt as good as some of the others, because you wont get the full value of your gift card. This is because these websites sell discount gift cards. So, for example, if you have a $100 gift card, you may only get $80 for it. Still though, if youre looking for cash fast, gift card resale sites can be a good option.
Transfer Cash Via Venmo
Venmo works in a similar manner to PayPal. Therefore, you can get cash from a Vanilla Visa gift card or any Visa gift card, by utilizing their services. This is another useful trick if you are wondering how to transfer Visa gift card to bank account.
As a matter of fact, Venmo is owned by PayPal. You can turn Visa gift cards into cash by simply linking your card to your Venmo account and transferring the funds, identical to what was described for PayPal.
The advantage Venmo has over PayPal is that there are no fees. You can get money off a Visa gift card for absolutely free. The process usually takes a few days to complete though.
If you are desperate for funds and need to get cash from a Visa gift card immediately, you can transfer via Venmos services for a small fee.
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Final Thoughts On How To Get Cash From A Visa Gift Card
There you have it, some mind blowing tricks to transfer that Visa gift card into cold hard cash, right in your wallet or bank account. A few of these involve thinking slightly outside the box and may take some minimal effort, but youd definitely be laughing your way to the ATM once done.
Also, you can use readily available online resources to move the funds around until you get the cash that you want. The most important point to note when trying to select a method to convert a Visa gift card to cash is your particular need at that moment in time.
There is no best way to turn Visa gift cards into cash, just a preferred way depending on the situation!
Each person is different and if you need the cash right away, it might be worth it to pay the fees to get less than face value in exchange for your gift card. On the flip side, if you have some time on your hands and entrepreneurship in your blood, why not invest the card and make a profit instead?
Whichever way you choose to do it, its up to you. Go ahead and start converting some plastic to paper!
Are there any other ways to turn gift cards into cash, that you know of? Share with us in the comments below. Wed love to hear from you!
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Gift Card Terms And Conditions
Exchanging gift cards for cash using one of the listed methods is extremely simple. In most cases, you can have the cash quickly and with no fuss.
However, to successfully liquidate gift cards for cash it is important to keep in mind the terms and conditions of the gift card. Terms and conditions could include:
- Expiry date Make sure the card is valid and check existing cards to know when they expire
- Inactivity fees Some cards may charge a fee if not used within a certain time, check this to avoid charges
- Non-transferrable Although rare, some cards may not allow others to use them
- Specific retailers Certain cards may only be redeemable at specific retailers
This list isnt exhaustive, but these are the main terms and conditions to be aware of. If you manage your gift cards, then you can avoid things like missing out due to the card expiring.
Whenever you get a gift card its worth checking the terms and conditions for any exclusions that may hinder liquidating for cash.