Sunday, September 25, 2022

How To Turn Visa Gift Cards Into Cash

Give Them Out To Friends Instead Of Cash Or Gifts

How To Turn Visa Gift Card into Cash

If you get a Visa gift card there is nothing to prevent you from passing it on to others too. After all it is not in anybodys name so legally anyone can use it.

For example, if one of your friends is celebrating a birthday you can give them your Visa gift card as a birthday gift. IIn this way you will avoid the hassle of going to shops trying to look for things to buy. This is especially cool for a person like me who hates shopping.

I like giving people Visa gift cards rather than actual gifts as they allow the receiver to buy the things they really want. During birthdays people end up receiving gifts of things they already have. I remember during my wedding we received all sorts of things such as plates that we really did not need. I wish people had given me Visa gift cards instead.

Another advantage of sending Visa gift cards is the cost of sending them is much less than sending a shoe for instance.

Get Cash For Your Visa Gift Card With Prepaid2cash

Okay, so theres an app called Prepaid2Cash that you can use to turn prepaid cards into cash. Its pretty easy to do as well. Basically, using the app, you can scan your prepaid card in seconds, transfer it directly into your bank, and receive the money in as little as 15 minutes. You can get instant or next day cash delivery.

The app can deposit your funds directly into your bank account, debit card, or Bitcoin wallet.

The app supports lots of different prepaid cards, like Visa cards. You can get the app for iOS and for Android.

Use The Reselling Method With Your Visa Gift Card

With the reselling method, you can buy something with the Visa gift card from a store and then sell the item online to earn cash. Since this takes a few more steps, I put this one last on the list.

To make this work, you have to purchase an item from a store and resell it. Most of the time, sellers will find items that are marked down at stores such as Walmart or Target and sell them online for a slightly higher price for profit. This normally happens after the holiday season when stores mark downs items.

Make sure to see what items are popular to sell online and then put the item for sale on places such as Amazon. This is called becoming an Amazon FBA seller.

A lot of time people will purchase the items for a discounted price and are able to sell the item for a higher price on Amazon. There are a lot of sellers making greatmoney doing this side hustle, and it could be a way for you to convert Visa gift cards to cash.

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Check Your Visa Gift Card Balance

Please have your gift card ready when you check the balance.

If you purchased or received a Visa gift card right from Gift Card Granny, visit our Visa balance check page for current balance information.

For Visa gift cards not purchased on Gift Card Granny, you must contact the financial institution responsible for your gift card in order to check the balance Visa is unique in that it doesnt provide gift card balances or transaction information for its gift cards.

Here are the most common issuing banks and providers of Visa gift cards:

See our Visa Gift Card fee schedule.

Easy Ways To Convert Gift Cards To Cash

HOW TO TURN PREPAID VISA CARDS AND GIFT CARDS INTO CASH ...

Disclosure: This post may contain affiliate links, meaning I get a commission if you decide to make a purchase or sign up through my links, at no cost to you. Please read my disclaimer for more info.

Do you have a Visa gift card that you wish to exchange for cash? Here are several easy methods you can use to convert gift cards to cash.

Visa gift cards are a great way of saving on shopping. Most are sold during promotions where stores offer incentives for shoppers to buy and use them. However, sometimes people need to convert a Visa gift card to cash.

Well, no cause for alarm.

If you wish to convert your gift cards to cash, there are numerous ways to do it.

In this article, we will explore the most feasible ways available to convert that Visa gift card to liquid cash.

But why would you want to convert your Visa card? Well, there are a number of reasons why someone may wish to do this.

If you are like me and check your net worth on Personal Capital daily, you likely think gift cards are a waste of time and space. Why carry virtual money when you can have cold hard cash to invest or pay down debt?

These Visa gift cards cannot be used to withdraw money at an ATM, which therefore makes them somewhat inflexible.

Preferred Method for Converting Plastiq

Our preferred method to use to convert a Visa card is with Plastiq. Its completely free to join and you can pay for anything with credit cards. Even where credit cards arent accepted.

Free

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Sell The Visa Gift Card Online

In addition to Raise.com, there are some additional sites that you can sell your Visa gift cards on. Check out the sites below.

  • Gift Card Granny: This site has been seen in places such as Forbes, NBC, and Oprah Magazine. On this site, you can sell your unwanted gift cards, and its not limited to just Visa gift cards. You can sell any type of gift card from stores you may have laying around your house. to check out Gift Card Granny.
  • Gift Cash: Like Gift Card Granny, this site lets people sell their unwanted gift cards and send them payment for it. This site is great because they are constantly updating their list of accepted merchants. So if you happen to have a gift card that isnt on their list, you can just let them know and they will look into adding them to the list.
  • Card Cash: With Card Cash, you can sell your gift cards on this site or buy discount gift cards to save money quickly.
  • Game Flip:Game Flipis another site where you can sell unwanted and non-reloadable gift cards to earn cash.

Bring Your Id And Credit Card

I took my son with me to a Gift Card Exchange machine once and he asked the obvious question, How does the machine know that theres money on the gift card? Couldnt someone just say it has $20 and get cash back? The answer is no. The Gift Card Exchange kiosk will check the balance of the gift card before accepting it. But just to avoid any potential tomfoolery, youll need to provide your mobile phone number and email address, plus scan your drivers license and a credit or debit card in order to complete the transaction.

Also Check: Subway Check Balance Of Gift Card

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

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.

Can I sell a Visa gift card to other people?

You can definitely sell a Visa gift card to other people, but youre probably going to have to accept less money than the balance on the card to make it worth their while to buy it from you.

Sites like eBay or Craigslist will work perfectly for these kinds of arrangements. Make sure you keep in mind shipping costs if youre selling a physical card and, as always on these kinds of sites, keep an eye out for any scams. If something sounds too good to be true, it probably is.

Vanilla Visa Gift Card Vs Retail Visa Gift Card Vs Classic Visa Gift Card

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

A Vanilla Visa gift card is basically a classic Visa gift card, but it is sold by the InComm Payments company.

You can quickly know if you have a Vanilla Visa gift card as there is the Vanilla logo on the top left of the gift card.

However, retail cards are part of a different type of gift cards. You can only spend your balance on products or services from the retail company.

The most popular retail cards are Walmart Visa gift card and Target Visa gift card.

Read Also: How To Pay Apple Music With Apple Gift Card

Why In The World Would I Want To Turn My Cash Into A Gift Card I Cant Pay My Bills With Amazon Credit

Well. There are actually a few different ways you can convert those credits back into cash.

#1. Use the gift cards/credits for Amazon to Amazon flips.

This is my personal favorite. I love using OAXRay and Tactical Arbitrage to find Amazon to Amazon flips. There is no better feeling then using the money I made from the Amazon Trade-In Program to make even more money!

#2. Buy all your shipping supplies from Amazon

This one is pretty much a no brainer if you are a seller on Amazon. You can easily order polybags, tape, scales, scotty peelers, etc for business purposes. Trading in for credits can actually save you 20%+ on a cost you are going to be paying already.

#3. Convert the cards and credits to Bitcoin using Purse.io

This is one that is new to me, but I have loved it thus far. Essentially what you do is sign up for an account and then you have the ability to buy a wishlist for someone in exchange for Bitcoin. They have an escrow program to ensure the transaction goes smoothly and conversion rates vary. You can learn more here.

#4. Buy Stuff for Friends/family and Get Cash in Exchange

I actually perform this method every week. My father-in-law shoots me a text message and asks me to order a given item. I hop onto Amazon and buy it and then he shoots me money via Chase Quick Pay. It is a nice and quick way to help those who dont have a Prime account and to get cash out of your Amazon gift cards and credit.

#5. Shop Using Amazon Payments

#7. Shop for yourself

How To Get The Most Out Of Visa Gift Cards

How To Save On Your Visa Gift Card Activation Fee?

There are no ways to avoid paying activation fees when purchasing a Visa gift card. But, you can still save a few bucks by reducing the cost of these fees.

So take a look at the following ways you can use to save on activation fees, and the good news is that you can combine them.

Save $1.01 On The Activation Fee

Looking at the Fees section above, you might have already figured out this method. So make sure you dont pay an additional $1 in activation fees to get an extra $0.01 on your Visa gift card balance.

For example, if you want a balance of $150, by purchasing a $149.99 card, your Visa gift card activation fee will be $3.95 instead of $4.95.

Physical vs. Virtual Visa Gift Card

You can save money on the activation fees if you buy the more efficient Visa gift card type for the balance you put on your card.

For a Visa gift card balance lower than $250, the activation fee will be lower if you purchase the physical Visa gift card.

For a Visa gift card balance higher than $350, the activation fee will be lower if you purchase the virtual Visa gift card.

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Transferring The Gift Card Balance

  • 1Charge the gift card balance on Square. The gift card will be authorized, the card’s balance will fall to zero, and the funds will be deposited by Square into your bank account within one business day.
  • If Square does not allow the transfer, you will see a note that it is against their policy to transfer a Visa gift card balance. They will still charge the 3.5% or 2.75% fee to your bank account, and the balance will get credited back to the Visa gift card.
  • 2Check your bank account for the money. It should take just one business day for the money to show up in your account. Allow an extra day if you made the charge later in the day, some banks also take time to process it. The transaction could show up as a pending deposit and may not have immediate availability. Check your bank’s policies online or with your branch.
  • A bank’s stated policy is typically the worst case scenario for your fund availability. It is often faster than the stated time frames.
  • 3Check the Visa gift card balance. The Visa gift card should have a zero balance if you successfully transferred the funds. However, if Square rejected the transaction, you will need to check the balance and make sure the fund were returned to the Visa gift card.Advertisement
  • Can You Get Cash Back From A Visa Gift Card

    3 Ways to Turn Gift Cards Into Cash

    Disclosure: This post may contain affiliate links, meaning I get a commission if you decide to make a purchase or sign up through my links, at no cost to you. Please read our disclaimer for more info.

    How to get cash from a Visa gift card? If you want to get cash from a gift card, you may have some options. Here’s how you can convert gift cards to cash.

    There are a lot of ways to make money online and a lot of these sites payout in Visa Gift Cards, which is the second-best option if they dont offer payment through Paypal. While its still money its definitely not as good as cash.

    So what do you do when you want to convert a Visa gift card to cash?

    Well, if you want to get cash from a Visa gift card, you may have some options.

    Lets get started.

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    Add To Venmo Wallet Online

    Venmo works very similarly to PayPal. Venmo allows you to add a gift card balance to your Venmo account.

    Using Venmo can often be better than using PayPal, especially if you want to transfer the money to your bank account to use as cash. This is because Venmo doesnt charge any fees when you transfer money from your Venmo account to your own bank account with the exception of selecting the Instant Transfer option. Once you have arranged the transfer the money is normally in your bank account within 1 to 3 business days.

    Adding the gift card balance to your Venmo account is nice and easy. It works in almost the same way as adding to a PayPal wallet. Simply log in to the Venmo app and go to the option that allows you to add a gift card. Add the gift card and you can now use the balance however you wish.

    On some occasions, you may get a warning message relating to fraud prevention. Dont worry about this. All you need to do is try the process again. If the error persists simply contact Venmo customer service using their helpline and they will see if they can help clear up the issue.

    Purchase A Money Order With Your Gift Card

    A money order acts very similarly to a check but you have to have it issued by your bank or a specialty institution. The good news is that Walmart and some grocery stores customer service areas now issue money orders.

    Youll have to check with each individual money order issuer, but you may be able to purchase your money order using your Visa gift card. This is no different than paying for your money order using a debit card.

    Just make sure you have enough money on the gift card to cover the balance of the money order. Then you can cash the money order or deposit it into your bank account.

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    Is A Visa Gift Card The Same As Cash

    A Visa gift card offers the same functionality as cash, in that you can make payments with these methods. There are main differences to consider between gift cards and cash.

    The most obvious is cash can be used for basically anything, while individual gift cards are only applicable in certain circumstances. Another thing to consider is you can have as much cash on hand as you have.

    Visa gift cards only allow a certain amount. You can still transfer Visa gift cards to cash, but it requires specific methods.

    Add It To Your Venmo Account

    Turn Your Visa Gift Card Into Cash 2017

    Similar to PayPal, you can put your Visa gift card balance on your Venmo account. And this is actually a better option than PayPal if you were planning to transfer the money to your own account as cold, hard cash.

    This is because Venmo doesnt charge any fee to transfer money from your Venmo account to your bank account, unless you select the Instant Transfer option. Otherwise, the money should arrive in your account within one to three business days.

    To do this, go into the Venmo app and find the option that lets you add gift cards. Theres a chance that youll get a warning message here for fraud prevention, so either try again or give Venmo customer service a call at their helpline to see if they can clear up the issue.

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