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
- 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.
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This method could be used for anything that you normally pay with cash. Provided the vendor accepts Visa or Mastercard, then you can do this. You could use gift cards to pay large bills, small bills, or just for your regular purchases at the local store.
Whatever you use the gift card for, you now have the equivalent amount of cash still that you can use for any purpose. The cash could be saved in the bank, used to pay other debts, or added to an investment account.
What Is A Visa Or Mastercard Gift Card
Visa or Mastercard gift cards are often sold by stores as part of a promotion. They usually offer higher rewards, immediate discounts, or mail-in rebates as part of the promotion. The discounts usually mean the purchaser makes a profit as the discount is often higher than the card purchase fee.
As well as receiving a discount, some cards give up to 5x more points or cash back at participating stores. A combination of discounts, promotions, and bonuses can mean some Visa or Mastercard gift cards give a fantastic return to the purchaser.
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So When I Get My Card How Do I Activate It
Your physical card has your personal Venmo QR code on the front and can be used to activate your card.
Turn on your phones camera and point it at the QR code on the front of your card
Wait for the camera to scan the QR code
Tap the prompt to open Venmo and activate your card
If you prefer activating by phone, give us a ring at
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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Add It To Your Paypal Balance
If you are looking to convert a Visa gift card to cash, try using PayPal. PayPal uses the Card Cashwebsite to help individuals transfer gift cards to their PayPal balance.
If you use the PayPal option, you will have to purchase another gift card with the Visa gift card first. Due to the fact that Card Cash only accepts gift cards from stores and restaurants, you will have to purchase a gift card from one of their accepted merchants first.
Once you do that, you will be ready to go. Here are the instructions on how to convert your gift card to PayPal cash using Card Cash. With this method, you will be able to transfer a Visa gift card to a bank account.
1. Go to the website Card Cash and click on the Sell gift cards option. Enter the merchants name and the balance on the gift card. Then click Get Offer.
2. When you get an offer, you will see the PayPal amount you can exchange the gift card for right on the site.
3. If you agree with the amount, all you have to do is click Get Cash and then select how you would like to get paid. If you want the PayPal option, click PayPal Express.
4. Enter your gift card number and pin. Then click Connect with PayPal. Log onto your PayPal account and fill out the required fills and then click Get My PayPal Balance.
Check out PayPal to see the same instructions and more details on how to transfer money from gift cards to your PayPal balance.
Additional Ways To Earn PayPal Gift Cards
Can I Use My Card At Restaurants Or Other Service Industries When I Have Enough Money Left On My Card To Cover The Bill For Food Or Service
Some restaurants and other service-oriented merchants may factor in an additional 20% to cover any tip you may leave on the purchase. If this occurs, and your total bill, after adding in the additional 20% , exceeds the amount available on the Card, it will be declined. Accordingly, you may want to ensure that your Card has an available balance that is 20% greater than your total bill prior to use. Similarly, some hotels chose to factor in additional amounts upon check-in, and it may take up to thirty days after your stay to have any excess amounts held by the hotel added back to your available balance.
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How To Transfer Visa Gift Card Balance To Bank Account
Visa gift cards are an excellent way to purchase gifts for yourself and your family.
But, if you are here, we are assuming you are looking to convert visa gift card balance into cash?
Weve all been there. There are multiple ways to use the visa gift card balance, if you are not looking to buy yourself or someone else a gift.
If youve earned yourself a visa gift card , this article will present you with several ways you can turn gift card balance into cash.
Convert Gift Cards Into Cash
Visa and Mastercard gift cards are popular for predominately two types of situation:
- To be given as a present
- For shoppers that want to save money as there are often incentives linked to the gift cards
Both of these situations are adequate reasons for buying a gift card and gifting them to someone. However, if you are the recipient of a Visa or Mastercard gift card should you keep it? Or are you better off exchanging the card for cash instead?
Incredibly, 10% to 19% of gift card balances remain unredeemed and around 6% of gift cards are never even used at all
In many cases exchanging a Visa or Mastercard gift card for cash will be the better option. Here are a few reasons why:
- Cash has no expiry date
- You can spend the full amount, with a gift card you could lose any that you havent used, or if you use it online you could lose part of the balance on delivery fees
- Cash is always acceptable, if there is a disaster you know you can buy what you need with cash
- Cash can be used for anything including adding to savings, investments, or paying down debts whereas gift cards are limited to making purchases
For these reasons, most of the time cash is superior to a gift card. Later you can learn 11 of the best ways to convert Visa or Mastercard gift cards into cash. Before that, what is a Visa or Mastercard gift card?
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How Do I Get Cash From A Vanilla Visa Gift Card
Some people get confused since there is such a thing as a Vanilla Visa gift card that you can buy.
Vanilla Visa gift cards are prepaid Visa gift cards that are available in amounts between $10 and $500.
To convert a vanilla Visa gift card into cash, you can follow any of the tricks that are mentioned in this article, like selling it to a friend, online gift card marketplace, or on the Facebook Marketplace as examples.
Add The Balance To Your Paypal Wallet
If youre already a PayPal user, then this might be the easiest way for you to cash out a Visa gift card.
PayPal actually lets you transfer the balance of any prepaid gift card to your PayPal wallet.
After you transfer your balance, you can use the funds to checkout at any online retailer that accepts PayPal or you can just transfer them to your bank.
Just keep in mind that you incur a PayPal fee if you want to use your cash immediately once you transfer it to your bank account. However, if youre willing to wait a few days, then you can get it all for free.
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How To Deposit Visa Gift Card To Venmo
You’ll need to be patient for this option since the transfer will usually take between one and three business days. Adding your visa gift card to your paypal account or venmo account is one of the easiest ways to turn a visa gift card into cash. You can send payments to another venmo user using a linked funding source, even if you have no money in your venmo account balance.
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Add Gift Card To Paypal Wallet Online
A feature of using PayPal is the option to add Visa gift cards to your PayPal wallet. Once you have added the gift card to your wallet you can use the balance just like cash. This means you can make a purchase from any merchant that offers PayPal as a payment method. Most online retailers accept PayPal so you now have a huge range of retailers that you can use the gift card balance with.
Not only could you spend it like cash with merchants that accept PayPal, but as it is now cash there are other ways you can use the balance. You can transfer the money to your linked bank account or send the money to other PayPal users. Keep in mind that fees may apply of up to 3% when transferring money using PayPal.
How do you add a gift card through PayPal?
Adding a gift card through PayPal is extremely easy. You just have to follow 4 simple steps, they are:
- Log in to your PayPal account.
- At the top of the page click on Wallet
- You should now see an option on the left-hand side that says, Link a card, click this option.
- On the next screen fill in the gift card information and click add card
Thats it! In 4 easy steps, your gift card is now linked to your PayPal account and the balance can be used as cash.
If you do experience any problems adding the card such as an error message, contact the card issuer. Sometimes a card must be registered first to make sure the address matches. Once that is done there should be no trouble linking the card to your PayPal account.
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To Add Amex Gift Card Venmo
If you have got any prepaid card including an AMEX gift card, then you can add it by referring to the section below:
Finally, you have added a gift card to your Venmo account.
And How Do I Manage My Account
Its all in the app. You can manage your credit card account by navigating to the Venmo Credit Card section in the main menu of the Venmo app. There you can:
View your Venmo Credit Card balance
View your Rewards activity and balance
Adjust your credit card notification settings
Set up/adjust Autopay
View your Rewards activity and balance
Request a new virtual card number
View and download your credit card statement
Split and share Venmo Credit Card transactions in the Venmo app
Explore your spending trends
Disable and enable your physical card
Configure alerts and emails
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Whats The Design On The Card What Does It Do
The QR code printed on the front of your Venmo Credit Card is unique to you. Its the same personal QR code found in your Venmo app. If another Venmo user scans this code, theyll be brought to your Venmo profile where they can send or request money from you. The QR code also allows you to activate your card without calling a phone number just scan the front of your card when you receive it. Easy peasy.
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.
Before selling, remember to shop around to check what the commission percentage is to find the best platform to sell your Visa gift cards!
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How To Move Money From Paypal Wallet To Cash App
Every cash app user has their own unique cash app Visa card number and routing number if you already have a Cash Card associated with your Cash App account.
Add your Visa card number to your PayPal account and instantly transfer the balance to it for a small fee and the funds will be immediately credited to your cash app account.
- Login to the PayPal app
- Link your Cash App debit card if you havent already, and then press next.
- Enter the amount to transfer, review the details and tap the Transfer option.
Sell Your Visa Gift Card On Facebook Marketplace
There are plenty of , covering everything from used apparel to gym equipment.
But, while it might surprise you, another way to convert a Visa gift card to cash involves selling it on Facebook.
Facebook lets you sell gift cards, so you can get cash from your Visa gift card if you find a buyer in your area whos looking to snag your card.
Just remember: you have to sell your Visa gift card at a discount to actually get buyers, otherwise theres no point for the buyer.
Typically, people discount gift cards on the Facebook Marketplace by 5% to 15%, so do some competitive research to see what sellers are offering in your city
The same safety rules apply here as with all local meetups: try and sell to someone who seems trustworthy, meet in a public place, and bring someone with you to the actual sale so everything goes smoothly.
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