What You Will Need
You will need the following to transfer money from your credit card to your bank account using my Square transfer money hack:
- A smart device with an Internet connection
- A Square account
- A bank account
- An active credit card with available credit
- Ability to wait up to the next business day for the cash
- Optional: a Square reader if you can wait more than a day for the cash to deposit
Sell It To Another Person Online
Another great way to get the cash out of your visa gift card is to sell it to another person online. Its quite similar to using a platform like Raise but you are cutting out the middleman and their hefty fee.
The obvious downside of this method is that you would have to know the person who would like to buy a Visa gift card.
Theres an option of joining various Facebook Groups that are created for the purpose of buying and selling gift cards.
Be cautious, however, since you will need to get the trust established before doing an exchange.
There are a lot of scammers looking to take advantage of people here, so try and only do business with members who are trusted and have a good history.
Can I Transfer My Gift Card To Bank Account
How do I transfer the remaining amount of the gift card to my bank account if I want to do so? We all know that most gift cards are not reloadable and cannot be withdrawn, they are one-time use. Some gift cards also have usage requirements, requiring you to use them within 12 months, otherwise other fees may be incurred. So for some gift cards that you don’t want to use, it is really a better option to transfer the remaining money from the gift card to the bank.
This method is a gift card second-hand sale, where you sell your unwanted gift cards to someone who needs them and gets cash for them. Although the sale price will be less than the face value of the gift card, it is the best way to convert it into cash. In addition to Raise, Paxful, eBay, etc., I would like to recommend CardWorld, a website that has many gift card vendors who buy all kinds of second-hand gift cards.
The specific operation is as follows.
First, you need to register and log in to CardWorld, select the gift card you want to sell and click on it.
Second, select the vendor you want to sell to. You can compare the exchange rate and the vendor’s positive reviews to make your choice.
The second-hand gift card marketplace is a very convenient way to exchange gift cards for cash, but you need to choose a trustworthy and adequate gift card website as the first step to make the transaction.
Read Also: Check Macy’s Gift Card Balance Online
Bank Of America Edd Card
If you have the Bank of America EDD Prepaid Debit Card or the EDD Prepaid Digital Card, you can transfer money to your checking or savings account. You can also choose to perform a one-time transfer or a recurring direct deposit transfer to your bank account.
The EDD Digital Card is actually designed for people who prefer to directly transfer the funds to their personal bank account.
How To Transfer A Gift Card Balance To A Bank Account
You may need the money and wondering how you can transfer your gift card balance to your bank account. That should not bother you as you can transfer your card balance to your bank account. Most people transfer money from their card to the bank is by using a square.
Square accepts Visa gift cards. You can follow the steps below to transfer funds from it to a bank account.
- Activate the gift card online or by calling the provided number.
- We are assuming that you have a Square account sign in with either android or iPhone.
- Link your bank account to square if not yet linked.
- Use a square card reader or enter the cards details manually. Card reader charges 2.75% while entering the card details costs you 3.5%+$0.15 transaction fee for a manual entry.
- When square accepts the card, your gift card balance will fall to zero.
- Square will then deposit the money in your bank account within the next two business days. Most transactions complete within a day.
Alternatively, you can add the card to your Venmo or PayPal account, transfer funds from the gift card to the Venmo or PayPal account, and then to your bank account linked to either Venmo or PayPal. Wait for 3-5 business days for the balance to reflect in your bank.
It would be nice to send money from a gift card to a debit card like you can transfer money from a debit card to another debit card, but such an option is currently unavailable.
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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%.
Buy Discounted Gift Cards With Your Visa Gift Card
Another smart tip to get cash from a Visa gift card is to use it to buy other gift cards, for a discounted value.
If there is a retail shop or service that you frequent, you can use your Visa gift card to purchase a gift card specific to this place. Since this merchant is a part of your routine, utilizing a gift card there is as good as the money itself.
That being said, most places accept Visa gift cards. After all, it can be used with similar flexibility to the actual Visa card except for instances of recurring payments, for obvious reasons.
Already, by using your Visa gift card to cover one of your habitual expenses you have turned your Visa gift card into cash. What about if you up it a notch and look online for gift card deals at a discounted value?
If you purchase a Walmart or gift card that is on a promotionally discounted value, using your Visa gift card, you would gain the cash equivalent value of the discount.
Promotions can be up to 20% off the value of the gift cards sometimes. Therefore, by using your Visa gift card to buy another vendors gift card with a discounted value, you have not only mastered the art of how to turn Visa gift cards into cash but made money on top of it.
Lets pause for a few seconds while you piece the fragments of your blown mind back together
Not only do you get to turn Visa gift cards into cash by simply shopping at your usual outlets, but do it like a pro and make a few extra dollars along the way.
Read Also: Where Is Starbucks Card Security Code
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!
Dont forget to follow us on , and for more ways to make money, save money and and to learn about awesome deals and freebies!
Where Can I Spend Amazon Pay Balance
Transfer Amazon balance to Paytm or Bank using Club Factory method
- First, download the Club Factory app from Google Play Store.
- Now create a new Club Factory account or log into your existing one.
- Order anything from Club Factory.
- In the payment option, select Amazon Pay Balance and confirm your order.
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How To Transfer Money From Your Prepaid Card To Your Bank Account Using Moneygram
We struggled to find a simple, sure-fire way to move funds off our prepaid cards for a long time. One day, a helpful reader shared this clever hack that works with almost every prepaid card.
Using a remittance service like MoneyGram, you can transfer money to your bank account quickly, cheaply and safely.
Here Are Some Reasons Why We Love This Method:
Safe: MoneyGram has been around since 1940, and is the second largest money transfer company in the world.
Fast: Receive your money in minutes if you choose the Debit Card Deposit option.
Cheap: Fees are as low as $1.99. See our section on how their fees are calculated.
Reliable: Dozens of our readers have successfully used this method, and it appears to work for virtually any prepaid card.
Here are the steps to transfer money from your prepaid card to your bank account using MoneyGram:
What Are Gift Cards And How Do Gift Card Payments Work
Gift cards dont go a long way back but they surely gained a lot of popularity in a small amount of time. Different businesses hand out gift cards to their clients as a gesture of loyalty and brand trust. They are loaded with certain sum of money that the cardholder can then use as per his or her need.
Gift cards have one boundary: You can only utilize them at the specific store. This means Amazon gift cards can only be used to purchase items available at Amazon. In fact, sometimes, merchants also specify the categories from which you can purchase further limiting their usability.
Nonetheless, gift cards work seamlessly and therefore, many consider it to be a great item that you could gift to a friend on his birthday or loved one on some special occasion.
- You can purchase gift cards online.
- The rest of the online or in-store shopping should proceed as usual with you adding the items of interest to cart.
- Once you have all you need, provide the gift card at the check-out counter.
- The cashier would deduct the amount from the card.
..and you are done!
Did You Know?
Gifts cards are convenient especially because they work like just any other debit card.
However, you can not reload a gift card. The funds, when finished, would means the card is not usable any more. This is a major different between a gift card and other debit cards like Cash App card that you reload via different methods.
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Faq: Can You Transfer Money From A Vanilla Visa Gift Card To A Bank Account
There are several methods, both directly and indirectly, in which the funds from the Vanilla Visa gift card can eventually get to your bank account. However, be mindful of the fees in some cases.
One point to note is that even after following the prompts on your PayPal account to link the Visa gift card to your PayPal wallet , you may receive an error message.
If an error message is received, simply follow the process to register the card. An address would then be linked to the card and your PayPal should be up and running from there. You would now be able to get cash from your Visa gift card.
Does Amazon Pay Good Salaries
Amazon will hire 50,000 employees in New York and Virginiahere are 11 of the highest-paying positions at the company. Right now, employees living in the Arlington, Virginia, area and the New York City area earn average annual salaries of $60,890 and $63,029, respectively, according to Glassdoor estimates.
Read Also: How Much Is On My Pacsun Gift Card
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At Bankrate we strive to help you make smarter financial decisions. While we adhere to stricteditorial integrity, this post may contain references to products from our partners. Heres an explanation forhow we make money.
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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Use Visa Gift Card To Buy A Money Order
Stores like Walmart as well as certain grocery stores will let you buy money orders using your Visa gift card. That said, the availability of this can vary, so check if this is an option in your area. But once youve done this, the money order can then be deposited into your bank account to be used as straight up cash.
How Do I Exchange A Gift Card For A Paypal Balance
Interestingly, you can exchange your gift card for a PayPal balance. If you receive a card that you do not need, you cannot just let it lie there, and you need to convert it to money for other uses. You can recycle unwanted cards for cash in your PayPal balance via CardCash. Follow the following steps to carry out the process.
- Visit CardCash.
- Fill in the merchants name and the amount of money on your gift card.
- Click GET OFFER and wait to see if there is any offer available for the card. A display will show the amount of PayPal balance you can exchange with the gift card.
- Agree or reject the offer. If you agree to the request, click Continue.
- Input your gift card number and PIN
- Sign in to your PayPal account and fill in the required fields.
The funds will reflect in your PayPal account within one working day after completing the process. You can then use the balance for online purchases or transfer it to your bank account.
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