How To Turn Visa Gift Card Into Cash
If you have a Visa gift card in your possession for whatever reason it may be, you may be looking for way to turn it into cash and asking yourself, Can I get cash back from a Visa Gift Card?
A Visa gift card is almost as good as cash as its accepted almost everywhere, but sometimes, its nicer to hand cash in hand for other reasons. I get it.
Converting your Visa gift card into cash can be done, but you have to know how to do it because it isnt as easy as going to the bank and asking for the cash. These gift cards dont work like that, unfortunately.
While there are a variety of ways to do so, the terms will vary for each. The good news is that you can get cash for every strategy I mention, but one method may be easier for you than it is for me. Ill leave it up to you to decide which strategy works best for you.
So, with all of that being said, lets take a look at how you can turn a visa gift card into cash almost immediately.
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.
How do you liquidate a Visa gift card by paying bills?
This can be done with any billing provider that accepts Visa credit cards for bill payments, as the Visa gift cards are treated exactly the same.
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.
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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.
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Use A Gift Card Exchange Kiosk
A gift card exchange kiosk is a dependable method to transfer Visa gift cards to cash. Look for machines within select grocery stores theyre often yellow machines that look like casino slots and make similar noises.
The system requires that you enter the card information, such as card number and expiration dates. Youre then given a choice to get a cash-back offer.
Once you accept, youll need to print the voucher and bring it to a nearby cashier. Thats usually all thats needed to do to get money through this method. If you have trouble with card swipes, ask for assistance.
Not all grocery stores dont have a gift card exchange kiosk so its best to do a search first so you dont waste your time. What I like about kiosks is its a faster way to turn Visa gift cards into cash.
Other methods take days before the transaction is complete. With kiosks, youll get your money almost instantly. Make sure you bring your identification just in case.
I should mention exchange kiosks do take a small chunk of your proceedings. If you dont plan on using that Visa card anyways, its a reasonable sacrifice to make. Dont accept the offer if you dont like it you can always cancel before the process is complete.
How Do I Use A Vanilla Gift Card
How do I use my Vanilla Gift Card? Simply present your Card at the time of payment. Press credit on the keypad and sign the receipt. As you use your Card, the balance is reduced by the full amount of each purchase including taxes, charges, and other fees, if any.
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Can You Transfer Money From Visa Gift Cards To Paypal
Using the Card Cash website, you can sell your unwanted gift cards and get money for them.According to the PayPal site, you can transfer money from a gift card right into your balance on PayPal.
Keep in mind that you will have to buy another merchants gift card with your Visa gift card first and then upload that gift card onto the Card Cash website.
From my knowledge, it looks like the Card Cash website only accepts gift cards from stores such as Target, Walmart, Jewels-Osco, etc. Therefore, you will have to purchase a gift card with your Visa gift card from one of the accepted Card Cash merchants.
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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Pay Your Bills With Your Gift Card
Here is an interesting method you can try. While you arent necessarily exchanging the card for stacks of dollar bills, you are still using it the same way. As long as there is money on the card, you can use Visa gift cards to pay for your bills.
Visa gift cards are usually set up like a debit card with a card number, expiration date, and security code number on the back. The main difference is that the cards have a set amount of money programmed onto them instead of being linked to a bank account.
This makes it easy to pay your bills directly with a Visa gift card that you cant with pretty much any other gift card. So if you have a water bill or phone bill coming up, pay it with your Visa gift card instead.
Most people dont think of using their gift cards for bill payment, but it has multiple benefits. For starters, you can make quick use of your gift card.
If youre running low on credit, you can also use the gift card instead. Its a convenient way to use these gift cards in the same vein as cash.
Where Do You Get A Vanilla Gift Card
You only need to visit the Vanilla Gift Card website, and you are good to go. You can then order and then receive them at your physical address.
Also, you can buy them at a physical store. There are various participating stores where you can get them for various denominations. They include the following.
- CVS Pharmacy
- Select the bank account to transfer funds to.
- Enter the amount to transfer.
- Confirm the transaction to complete the transfer.
You can also use the above process to transfer money from a debit card to a bank account. PayPal supports debit cards, and you can use them to transfer funds for free.
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Can I Sell A Visa Gift Card To Other People
Yes, if you choose to, you can definitely sell a Visa gift card that you have and dont want to other people. Places such as Facebook Marketplace and Gift Cash let you sell your unwanted gift cards and get cash for them.
You can even sell them to your family and friends if you dont want them. If selling online isnt your thing, try asking family or friends if they would be interested in your Visa gift card.
How Do You Transfer Money From A Visa Gift Card To Paypal
PayPal accepts Visa gift cards, and you could use your Visa gift card to fund your transaction in PayPal. All you need to do is to link your card to your PayPal account, and then add cash from the Visa gift card to your PayPal account.
As well, you can always use the Visa gift card balance to fund your transactions whenever necessary. This is the same way you link credit cards and debit cards to your PayPal account to use the card balances for various transactions. Linking a card to PayPal is easy. Even the second chance credit card with no security deposit attaches so easily with PayPal so long as it is active.
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How To Cash In A Gift Card
One of the fastest ways to do this is online by selling it on one of the few very well known platforms.
We have tried and tested two platforms:
- Gift Card Granny
- Gift Cash
Both of these are very legitimate platforms. They work by giving you an offer in cash for your gift card. The offer will depend on your gift card balance and merchant.
If you accept the offer, they will process your payment and send you cash.
Obviously, you are going to lose a little bit of money doing it this way none of these platforms will offer the full amount for your visa gift card.
However, this is definitely the fastest way to do it, so if thats your priority, make sure you consider the platforms we mentioned above.
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.
How To Convert Visa Gift Cards To Cash
There are a bunch of different ways to get your Visa gift card balance converted to cash. In a few cases, theyll let you end up with actual cash in your hand, while others will let you treat the card as if it were cash in terms of how you use it.
There are a few ways though that involve a transfer of the Visa gift card to your bank account. From there, youll then be able to withdraw the money as cash.
free $5 Visa gift card
This means that, in each case, the outcome is the same. So it just becomes a question of which one is easier for you and which one ends up with you paying the lowest fees so you can save as much of the balance as you can.
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Can You Get Money From Selling Your Gift Cards
Absolutely. You can totally get money from selling your gift cards. The cool thing about selling stuff online is that you can always find a platform to sell items quickly.
This post shares some of the best ways and places to sell gift cards. Some of my favorites mentioned in this post are Gift Card Granny and Gift Cash. You can check out some of those sites to see if those are a good fit for you to sell your unwanted gift cards.
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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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Pay Yourself With Your Visa Gift Card
In an electronic world, most persons have access to transfer funds electronically. There are numerous electronic money transfer merchants that make this possible.
Electronic money transfer service merchants definitely allow syncing of Visa cards. For a small fee, you can turn Visa gift cards into cash by simply paying yourself with their services.
Business owners or persons with side hustles would be especially able to capitalize on this as they would have previously established electronic payment services.
If you are a person that receives a lot of gift cards and would like to turn Visa gift cards into cash, it may be worthwhile to take a look at one of these electronic money transfer services.
If you dont have a routine service set up, you can simply utilize an electronic money transfer company temporarily to transfer money from your Visa gift card to your bank account.
Can You Transfer Money From A Visa Gift Card To Paypal
Yes, you can easily transfer money from a Visa gift card to PayPal. First, log in to your PayPal account. Find the wallet option at the top, once selected click link a card, and follow the instructions to add the details of the gift card. Once the balance has been added you can withdraw the money to your bank account, transfer it to other PayPal users, or spend it with merchants that accept PayPal. Dont forget that fees may apply so factor that into your calculations.
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