How To Transfer A Visa Gift Card To A Bank Account
While you cant directly transfer a Visa gift card to a bank account, there are some ways to achieve getting it as cash, such as transferring the Visa gift card onto your PayPal balance and then transferring the PayPal balance to your bank account. This post will share some additional ways you can achieve this.
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
For The Newbies: What Is A Gift Card
It traces back to 1994!
The founder of Neiman Marcus Group was the first one to offer gift cards to his clients.
He did not plan to advertise them but the strategy of using such cards to increase customer loyalty really worked and many other companies followed the lead soon afterwards.
Gift cards are now widely available at many stores and you can even purchase the cards online with your checking account.
What got gift cards so famous? Well, for the brands, they tend to deliver many benefits. Gift cards help to create brand awareness, and improve cash flow. Not to forget that they are definitely attractive to customers!
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Can You Transfer Money From A Vanilla Visa Gift Card To Paypal
Yes. There is no limit to where you can live in the U.S. If PayPal is accepted, you can use prepaid gift cards with Visa, MasterCard, American Express, or Discover logos. As with any other credit or debit card, PayPal members can simply add prepaid gift cards to their wallets and begin using them at checkout.
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Frequently Asked Questions About How To Transfer Money From Gift Card To Paypal
Can I transfer money to PayPal using gift card?
Yes. You can add gift card as method of payment on PayPal but it does depend on which card you are using. For example, Amazon and Visa cards can be used to send the balance to PayPal account but eBay does not support this type of transaction.
How can I send funds from Visa gift card to a linked bank account?
You will need a third-party app to complete this task. In our case, we recommend using Square. Sign-in your Square account. Open Square Settings and choose to connect your bank to the app by providing the account number and other relevant information.
Then enter gift card details on the Square App. Alternatively, you can use the Square card reader as well. Wait for Square to accept your card. The amount that you had entered will be deducted from the gift card and deposited in your bank account within 24 hours.
You can also simply withdraw cash from the gift card at Kiosk and deposit the funds into your bank account.
Is it possible to change the balance you have on a gift card to cash?
You can visit the gift card exchange kiosk to trade your card for cash. You can find such trade points at various grocery stores. However, the kiosk will offer you a deal and not the exact amount of balance you have on the card. You can choose to accept or turn down the deal.
Can I send the money I have on eBay gift card to PayPal?
How To Transfer My Gift Card Balance To Paypal In 1 Day
Sorry, cannot transfer funds from cards to your PayPal balance at all. That is against the PayPal User agreement. You can only add and confirm the gift card if it is a Visa, MasterCard, AMEX or Discover to your PayPal Wallet and then select card as payment method at checkout. The card must be able to cover the entire purchase or it will decline.
Kudos & Solved are greatly appreciated.
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How Do I Turn My Vanilla Visa Gift Card Into Cash
The Vanilla gift card is a Visa prepaid gift card that is available for purchase in amounts from $10 to $500. Its great for special occasions and a great gift to give to people if you arent sure what to get them for an occasion.
Similar to a regular Visa gift card, if you are looking to convert a Vanilla Visa gift card to cash, you can use all the options recommended in this post to get started. So even though you cant get money directly from a Visa Vanilla gift card, you can use the options in this post.
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:
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How Can I Turn My Vanilla Gift Card Into Cash
Can I Get A Virtual Card From Paypal
Yes, you can get a virtual card from PayPal through the PayPal key service. PayPal Key is a virtual card and a new way to use your PayPal account anywhere cards are accepted online. Your PayPal key can be used anywhere a MasterCard is accepted.
Heres how PayPal Key works:
Choose a payment method from your PayPal Wallet
Receive a secure PayPal Key with its own virtual card number, expiration date, and security code
Save the PayPal Key to your browser for faster checkout or use it as you would any card online
Take PayPal Key anywhere you shop online
PayPal Key is not a new credit card so theres no lengthy application or credit check. Plus, you wont pay any set-up or usage fees*. PayPal Key is your PayPal Wallet with greater flexibility.
*A foreign transaction fee applies to cross-border and cross-currency transactions. Usage fees charged by merchants or other entities besides PayPal may apply.
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Can I Venmo Myself From Credit Card Paypal Chime Apple Pay
Peer-to-peer payment apps are booming as we recover from the pandemic era and the benefits from touchless pay are more apparent than ever. It enables users to make transactions without leaving their homes or standing in line at the bank open late at night.
According to eMarketer, peer-to-peer payment apps, such as Venmo, grew to almost 80 million users in 2020 and are expected to grow even faster in the future.
Besides its convenience, Venmo is an industry leader because of its social media integration. For example, it lets users see what their friends are spending money on, which can be helpful for budgeting and tracking expenses.
Another unique feature of Venmo is that it offers a $0 payment option, which allows users to send money fee-free. A feature you may want to consider is the option to transfer funds to yourself.
So, can I Venmo myself?
Short answer: Yes, you can Venmo yourself. You can hold funds in your account and pay others from your Venmo balance.
Remember that you must first verify your identity on Venmo and a Venmo Card. After your Venmo account has been verified, you can use your bank account or credit card to Venmo yourself.
Well discuss how you can Venmo transfer money to yourself or from one account to another, credit card, Visa gift card, Chime, PayPal, and Apple Pay.
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NB. We would like to point out that PayPal minimum 3.4% fee + 0.35 and possible exchange costs means the amount transferred. If you want to avoid the exchange rate, please with PayPal to change the currency setting of the card.
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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.
Can I Venmo Myself From A Visa Gift Card
Yes, you can Venmo yourself from a Visa gift card. You may have a Visa gift card and would rather save it, so Venmo is an ideal place to store it. In addition, Visa gift cards can be converted to cash by adding them to your Venmo account.
Heres a quick step-by-step guide to Venmo yourself from a Visa gift card:
- Open the Venmo mobile app
- Select Payment Method located in Settings.
- Tap Add bank or card.
- Enter your Visa gift card information and click Add Card to Your Account. Be sure to upload it before the debit card expires.
Once youre done, you can transfer the gift card amount to your Venmo account. For inquiries, you can reach Venmo customer support at 812-4430 or visit the Venmo online Help Center.
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Sell It On Facebook Marketplace
If you are looking to convert Visa gift cards to cash consider joining Facebook Marketplace to sell them. You can check out Facebook Marketplace to sell and buy unwanted gift cards. This is a pretty awesome way to get cash in exchange for unwanted gift cards.
My recommendation for selling on Facebook Marketplace is to make sure to put up high-quality images of the gift cards you want to sell. Additionally, make sure you know the correct balance on the card before you post it.
My recommendation for buying items on is to first make sure to read reviews of the seller. Ideally, you want someone with 5 out of 5 stars.
You can see a sellers rating by clicking on the item that they are selling and looking under the sellers information. If someone has a bad rating, skip getting any items from that person to save yourself the headache.
How To Add Money To Paypal Using A Debit Or Credit Card
The next method well cover uses a debit or credit card. The steps are the same for either type of card, but there is a difference in how things work. You cannot transfer funds from a debit or credit card to your PayPal balance. Instead, any time you purchase something with PayPal, or make a transfer, it will automatically charge that amount to your card.
Youll first need to link a debit or credit card to your PayPal account. To do this, you have to log into your PayPal account, hover over your name in the top-right corner, and select Account Settings. Select the Money, Banks and Cards tab. Under Cards, hit the Link a new card link. Fill in your card details and select Link card. Now you can go into the Money, Banks and Cards section and select Edit next to your card. You can set your card as your preferred payment method from there.
How to add a debit or credit card to PayPal:
Now youre ready to start using your PayPal account. Credit cards might be somewhat more limited than bank accounts, but they are more convenient than transferring money in and out of PayPal.
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Can You Transfer Money From A Gift Card To A Debit Card
There are a few steps you can take to transfer money from a gift card to a debit card, even though it is not possible to directly transfer money from a gift card to a debit card. The cash you receive from your Visa gift card can be accessed via your debit card if you add it to your PayPal wallet and then transfer it to your own account.
How Can I Get Cash From A Prepaid Visa Debit Card
Once youve added funds to your card, you can spend that money or withdraw it in cash at ATMs. To buy something in-person, just swipe or insert the card at the point of sale. If youre shopping online, type in your card number. At an ATM, just insert your prepaid card like any other bank card and withdraw cash.
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Complete Your Bank Details
After clicking next, youll be taken to a page like in the screenshot above. Enter your Receivers details. This will be information like your name, address and account/debit card info.
Click Next. According to the MoneyGram website, many account deposits are completed within minutes, subject to banking hours and systems availability.
Before We Get Started
Before we get into the step-by-step for adding money to PayPal, you first need to decide where you want that money to come from. The easiest way is to connect a bank account and transfer from there. You can also connect a credit card, link a debit card, or even add money in person at select locations.
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