Wednesday, May 18, 2022

How To Put Visa Gift Card Into Bank Account

Convert Your Visa Gift Card To Cash By Selling It To A Website

How To Turn Visa Gift Card into Cash Using Paypal

There are plenty of websites that will pay cash for your Visa gift card. In addition to the ones mentioned above that have apps for this, there are also others like Gift Card Granny, CardCash and more.

If your gift card is digital, then the process can be instantaneous. But even if you have a physical card, some of these sites will pay for your postage to send them the card, so you wont end up losing any money on that front.

Like with the apps, the sites will take a fee based on a percentage of the balance of the card, so make sure you know just how much this is before agreeing to the sale.

Also, it can be a good idea to do some searches for the site youre considering using, just to get the most up to date reviews on whether other people have had a good experience with them.

What Is A Gift Card

A gift card is also a type of stored value card loaded with funds for future discretionary use. Only it contains a specific amount of money. Once this sum is spent down, the card can no longer be used. Gift cards also have expiration dates, which are often much shorter than that of prepaid cards.

Gift cards can be purchased in several different formats. The most familiar type is what’s technically known as a closed loop card: It is good only at a particular merchant or certain retailer and bears that outfit’s name and logo. Some retail groups will allow the same gift card to be used at any of their affiliated stores.

Gift cards began with specific stores. Now, however, many of the major charge or credit card issuers, like American Express, Visa, Discover, and MasterCard, are also offering gift cards, good anywhere the regular plastic is accepted. Known as open-loop cards, these are most easily confused with prepaid debit cards, especially since some of them are reloadable as well. These cards may carry a one-time activation fee.

Prepaid vs. Gift Cards

View Gift Card Activity

Once you have successfully been able to add your Visa gift card to your Amazon account, you can view details of the transaction in Gift Card Activity, which is on the same page where you clicked âReload Your Balanceâ.

When you see this, you know that you were able to add your Visa gift card to your Amazon account successfully.

Also Check: Starbucks Gift Card Security Code

Transfer Visa Gift Card To Bank Account Through Moneygram

MoneyGram is the second largest money transfer company. They are fast, affordable, reliable, and most importantly safe. Get ready to transfer visa gift card to Bank account by visiting MoneyGram website and following the steps below

#1. Sign up to create an account at MoneyGram

Once you open the MoneyGram website, click the Sign up button, fill in your email address, provide a strong password and sign up.

Go to your email and verify that youve successfully created an account.

#2. Click Send Money at the MoneyGram website

At the top menu bar of the website, click the Send money icon and it would take you to a page where you are required to fill in the payment details. Which includes

  • Amount to be sent
  • Select Debit or Credit card
  • Select the Account Deposit or Debit card deposit option.

Make sure that your visa gift card is linked to your bank account you are sending the money to.

#3. Fill in Bank Details

Youd be taken to a page where youd fill in your bank details after sending the payment information. Here youd enter

  • Receivers Name
  • Address
  • Card information

After entering these information, click Next and your money transfer would be processed. Viola! In few minutes youd have transfered money from your visa gift card to bank account.

Note that MoneyGram charges a fee based on the amount youre sending. And fortunately their fee is ridiculously cheap. $1.99 for amounts less than $200. For amounts above $200, it charges $1.99 + 1% of the transferred amount.

Can You Deposit Money At An Atm That Isnt Your Bank

Deposit visa gift card into bank account

No, you cant deposit cash at just any ATM. So some people may be able to deposit cash at any ATM. If that describes you, note that cash deposits at an ATM not affiliated with your bank or credit union will take longer than usual to process: up to 5 business days, rather than immediately or the next business day.

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Can You Transfer Money From A Prepaid Card To A Bank Account

Prepaid cards are useful when it comes to buying goods and services as well as sending money to others. It does not need a bank account but you can link a prepaid card to a bank account if you wish so. Now that you can use a prepaid card to send money to other cardholders, can you transfer money from a prepaid card to a bank account?

It is possible to transfer funds from a prepaid card to a bank account. You will learn how you can carry out the process later in this article. Also, you can transfer funds from a bank account to a prepaid card. Most prepaid card owners use this method to load their cards. You can set a recurring transfer of a particular amount of money to your prepaid card every month.

When transferring money from a prepaid card to a bank account, both the routing and the account number of the recipient are important. A routing number helps to identify the receiving bank. You must also know how to transfer money using the routing number and account number to successfully carry out the transfer process. If you find any problem, then your card issuer should be in a position to help you.

Faq: What Is A Vanilla Visa Gift Card

A Vanilla Visa gift card is a special line of Visa gift cards that are meant to be customized into an extra special gift. It basically takes the concept of gift card giving up a level as the cards can be designed specifically for the occasion or recipient that it is required for.

There are thousands of design options to choose from including your personalized logo or image, making it a perfect gift for all occasions or as incentives by companies.

Vanilla Visa gift cards also come in several denominations from $10 to $500 and never expire. They can be used in a similar manner wherever Visa gift cards are accepted.

Unfortunately, birthdays, Christmas and special holidays come only once a year so your gift cards from those events may be few in number. However, there are many other avenues that pay out in the form of gift cards and specifically, Visa gift cards.

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Pay Your Bills With Your Visa 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.

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

You can use a Visa gift card to pay bills with any billing provider that accepts Visa credit cards for bill payments. This is because Visa gift cards are treated exactly the same when it comes to making this payment.

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

Hack Away Small Balances

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

This gift card workaround is also a great way to get rid of a pesky small balance on a gift card. I recently found that I still had a Visa gift card in my mobile wallet with a balance of $4.09. Knowing it would be a challenge to use this exact amount online and would be more of a nuisance to use it in stores, I used the gift card to buy an for exactly $4.09. After completing the transaction, the arrived in my email within seconds. I then logged back into Amazon and applied the dollar amount to my Amazon account. The next time I make a purchase , Ill be able to apply that $4.09 credit to my bill. I would much rather take the time to do this than leave an unused balance on a gift card indefinitely. Using the money took a little effort. Not using it would have been a waste.

Over time, Im hoping online shopping carts will get more sophisticated and customers will have the option to split transactions into multiple forms of paymentperhaps paying half of the bill with a gift card, a quarter of the amount due with PayPal and the final balance with Bitcoin. But until that happens, a few gift card hacks will have to do.

Got any other gift card problems you cant solve? Let me know in the comments below or leave a message for .

Happy Gift Carding!

Read Also: Where Is The Security Code On A Starbucks Gift Card

Can I Use My Current Virtual Card At Atm

Using the Current debit card, you may shop everywhere Visa is accepted in the United States, including online retailers. If you have a Visa Interlink or Maestro card, you can withdraw money from any ATM that displays the logos. With the exception of overseas travel, there are no additional costs associated with using the card.

Now Youre Ready To Shop

View products.

When viewing products on Amazon, you will see a note stating that your gift card balance can cover all or a portion of the cost of the item.

Now, you may make a purchase when you find.

When you make a purchase, funds from your gift card account will be used first, followed by your default payment method.

Now you can use your gift card balance to shop!

It may seem like quite a few steps, but its really quick and easy to add your Visa gift card to your Amazon account.

Also Check: Top Golf Gift Card Where To Buy

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.

Transfer Visa Gift Card To Bank Account Through Paypal

Deposit Visa gift card into bank account

This is easily done by adding your card to your PayPal account and transfer the balance to your own account because Paypal allows you add prepaid cards, including Visa gift cards to your Paypal wallet.

Easy right?

Here is a step by step guide on how to achieve that:

  • Create a PayPal account and if you already have one, just login to your Paypal account.
  • Select the wallet option at the top of the page.
  • Youd see a Link a Card or Bank option at the left side. Click it and continue.
  • When you get to the point where PayPal asks you for the relevant information, add your Visa gift card details. Then click Link Card.
  • If you get an error after doing this, then go back and make sure your visa gift card is registered so that an address is linked to the card. Once youve done this, then PayPal would not have a problem accepting your card.

    Also Check: How To Pay With Gift Card Forever 21

    Use A Second Paypal Account

    The trick is pretty much self-explanatory if you think it through here is the process you need to follow to cash your gift card:

    • First, you need a second PayPal account you can either ask a friend to help you out on it or can open a new account. Opening an account takes a few minutes, and a new email address is not associated with the primary account.
    • Once you have the second account ready, log into it, go to the Wallet option, and add the card to that account. You can follow the process Ive mentioned in the previous section to understand how to add a debit gift card to your PayPal account.
    • Now, click on the Send & Request button located right before the Wallet menu to start the transfer process to your primary account. It will take you to a new page showing the card youve just added earlier in this process click on Continue.
    • From the next page, select the Friends & Family option to send the money for free of charge. Dont forget to put in the amount you have in the card all the way through if PayPal charges, calculate the charge, and put it all in.
    • Now that youre all set go ahead and click on Send Payment to complete the transfer from your secondary account to the primary one.

    Terms And Condition Of A Visa Gift Card For Successful Transfer To Bank Account

    Expiration date It is important you make sure that your gift card is not expired. Check your card to know when it expires or else transferring money would be impossible

    Not Transferrable It is true that there are some cards that are non transferrable. It isnt possible for others to use them. So make sure yours isnt one.

    Dormant Card If your gift card havent been used for a long period then a fee may be attached to you for inactivity. Check this to avoid charges.

    Adequate Funds Most Individuals end up spending more on charges and fees transferring money from the gift card to the bank account than the balance in the gift card. So to avoid losses, its better to make sure that there is more than enough money in your gift cards before you go ahead to transfer.

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    Can You Put A Visa Gift Card In Your Bank Account

    You can deposit a gift card to your bank account, although not directly. Visa gift cards are treated like Visa credit cards, meaning the balance isnt transferable to an account.

    However, as shown above, there are some roundabout ways to achieve this. For example, there are several options to transfer money from a gift card to your bank account via PayPal. All you do is follow the steps outlined above for getting the balance into your PayPal account and, from there, transfer that money to your bank account.

    Keep reading to find out which specific options are available for this, if youd prefer the money end up in your account rather than converting your Visa gift card to cash in hand.

    How To Transfer A Visa Gift Card Balance To Your Bank Account With Square

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

    wikiHow is a wiki, similar to Wikipedia, which means that many of our articles are co-written by multiple authors. To create this article, 20 people, some anonymous, worked to edit and improve it over time. This article has been viewed 611,269 times.Learn more…

    Visa gift cards are not cash, but it is possible to turn them into cash using Square, a card reader for small businesses to take credit card charges. Some articles suggest using PayPal, but PayPal doesn’t always work since these gift cards can’t be verified. Square is another option, but it will cost you a percentage of the amount transferred and the cost of the reader if you purchase one . Please note that some users report Square has started to block Visa gift cards for some users. There is a possible workaround, but there is no guarantee it will work either.

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    Sell Your Visa Gift Card Through An App

    Another option is to sell your Visa gift card on various apps that will buy it from you in order to resell it.

    While this can be a quick way to convert your Visa gift cards to cash, the fees are really steep so this should probably only be your last option if the others arent possible for some reason.

    For example, Raise has an app that does this for both iOS and Android, although theyll take 15% commission for doing this. Ouch.

    A similar one is Prepaid2Cash, another site that has an app for iOS and Android in order to trade in your Visa gift cards for cash. This one works slightly differently, in that:

    • First you tell them the brand of the gift card
    • They then send you an offer through the app for the card
    • You have no obligation to accept this offer but once you do, theyll deposit it into your account in up to five business days

    This means that the fees they charge are incorporated into the offer, so its not entirely transparent. They state, however, that the offer will be up to 92% of the card balance, meaning the fees are at least 8%.

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