Why Should I Register My Visa Gift Card
There are several benefits:
- It enables you to make purchases online. Your registered address will serve as the billing address that retailers require.
- It enables representatives to more quickly assist you when you need assistance.
- It protects you if your card is ever lost or stolen, so that you can be reimbursed for funds lost.
How To Transfer A Visa Gift Card To A Bank Account
You can transfer money from a prepaid card to your bank account indirectly by trying some of the following options, which we go into more detail about above:
Go To A Gift Card Exchange Kiosk To Trade It In
One super easy way to convert Visa gift cards to cash is to find a Gift Card Exchange Kiosk. Theyre usually yellow and you can often find them in shopping malls and supermarkets.
All you have to do is enter your gift cards information into the kiosk, which will include things like the set of numbers on the front of the card.
Youll then be presented with a range of offers for you to decide which one you want. Once youve made your selection, youll be issued a voucher to take to the cashier to get your money.
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Visa Gift Cards: Frequently Asked Questions
What is a Visa Gift Card?Your DCCU Visa Gift Card is a prepaid Visa Debit Card with a specific dollar value. Your Visa Gift Card and its value are accepted at most places Visa Debit is accepted.
How can I check the balance on my Visa Gift Card?Call the number on the back of your card for balances and transaction history.
How can I use my Visa Gift Card?You can use your Visa Gift Card at most places Visa Debit is accepted. See Terms and Conditions for further information.
What should I do when the merchants sales terminal asks me to press Debit or Credit?You should always press the Credit button. Although the Visa Gift Card is not a Credit Card, the transaction is processed like one. You should always sign a sales receipt.
When I swipe my card, the terminal asks me to input my PIN. What is my PIN?A Personal Identification Number is not issued with the Visa Gift Card. If a PIN is requested, simply press Cancel on the terminal, then select Credit to complete your transaction.
What if the item I want to purchase exceeds the value of my Visa Gift Card?If the purchase amount exceeds the available card balance, then you must inform the merchant of the amount you want to pay with the Visa Gift Card and that you will pay the difference in cash, check, Credit or Debit Card. If the purchase amount exceeds the available balance of the Visa Gift Card, the transaction will be declined.
Are There Transaction Limits
Purchase transactions are limited to the available balance remaining on the Card. Some merchantsrestaurants, hair/nail salons, etc.preauthorize for an amount slightly higher than the actual transaction to ensure sufficient funds for tips, generally 20% of the transaction. This amount is held until the transaction settles and will not be part of the available balance. Only the amount signed for will ultimately be deducted. If the transaction is only a preauthorization and does not settle, the amount can be held up to 30 days from the date of the transaction.
To make a purchase greater than the balance on your Card, you will need to use another payment method – cash, check, credit card or debit card – to cover the difference. Tell the cashier the amount to deduct from your Card and how much you will pay with the other method. We do not guarantee the establishment will fulfill this request.
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Sell Your Visa Gift Card To Other People
Another option you could consider is to sell your Visa gift card to other people. While this can be one of the quickest ways to access that balance, just keep in mind that youre probably going to have to accept less money than the balance on the card to make it worth the other persons while to buy it from you.
That is, most people will only pay a portion of the balance when theyre buying a gift card from someone else. This is because they know that its convenient for you to offload the card like this and theres also a small element of risk on their part.
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.
Tell Cashier You Are Paying With An Egift Card
Before getting into line, pull up the digital gift card you plan to use. Open your email, open the app, open your mobile wallet or dig through your purse to find the paper copy. If you wait until payment is due, you may find yourself as flustered as I had been. Instead, plan ahead and tell the cashier that you will be paying with an egift card. That way, he or she can prep the cash register if necessary.
Youll be happy to know that I have since corralled all of my mobile gift cards into one smartphone app, updated the balances and deleted the cards I can no longer use. The next time I need to make a purchase at a store with a digital gift card, Ill have my phone handy and will get logged into my gift card app before I approach the register to make sure everything is in order. Though egift cards can be used at stores, getting organized ahead of time and having your phone ready before the cashier asks for payment will ensure the best outcome and smoothest transaction possible.
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More About Using Prepaid Gift Cards Through Paypal
Can I use prepaid gift cards to make a purchase using PayPal?
Yes. Anywhere in the U.S. where PayPal is accepted you can use prepaid gift cards that have a Visa®, MasterCard®, American Express®, or Discover® logo on it. Please note that this doesnt apply to merchant-specific gift cards, which do not have a Visa®, MasterCard®, American Express®, or Discover® logo on them.
How do I use prepaid gift cards using PayPal?
Just like any other credit or debit cards. No difference at all!
For PayPal members, you can simply add prepaid gift cards to your wallet then start using them during checkout – just like any other credit or debit cards.
For users without PayPal account, you can just enter the card information during checkout in the same way you would do with credit or debit cards.
Can prepaid gift cards used for all services and products through PayPal?
Prepaid gift cards can be used to make payments for any product or service except for recurring payments or reference transactions.
This is because due to the nature of prepaid gift cards, they can become low in balance over time to cover the recurring amount. In order to protect our members from unintended service interruption, prepaid gift cards cannot be used for payments automatically pulled from PayPal accounts.
Im using a prepaid gift card, and Im getting a declined message.
You may also get an error message if your prepaid card was not issued in the U.S. or if you are trying to buy from an international merchant.
Use It 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.
One thing you should keep in mind, however, is that some banks have had a habit of shutting down accounts if too many money orders are deposited. As such if you do choose to do this, perhaps combine it with some of the other options on this list.
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Can You Use A Credit Card To Purchase A Gift Card
Yes, you can purchase gift cards using your credit card at most stores. Sometimes this is not allowed for several possible reasons, for example, due to a particular stores policy or a reported transaction from the card issuer. Although there may be exceptions, purchasing a gift card using a credit card is usually coded as a purchase rather than a cash receipt.
Make Note Of Your Balances
Again, simple idea here: Some of the newer gift cards have a little box on the back of the card that let you write in the amount you have left after each purchase. Others give you nothing, so I suggest wrapping a sticky note around it with the balance written on it. The next time youre waiting to check out, you can easily identify which card will have the balance closest to your purchase amount.
Also Check: Cabela’s Merchandise Credit Balance
Important Instances While Buying Gift Cards With A Credit Card
There are usually no issues with using a credit card to purchase gift cards, but sometimes minor issues can arise. Here are some common causes to watch out for:
Some stores require you to present your ID when purchasing a gift card using a credit card. By matching your name and face to your credit card, it makes it difficult to use a card stolen from the store for these transactions.
2. Store authentication policies
You can get any number of responses at the checkout. Users can enter the blocks in any store on the chain. If you are a prime target for scammers, your credit card may be banned at certain stores you are in. Sales reps can misrepresent incorrect store policies. Whats the easiest way to avoid these obstacles? Try another store. If you are lucky, you can repeat the transaction with another seller in the same store.
3. Verification via OTP
In this case, it will stop the transaction, and you will need to confirm that you have initiated the purchase on your mobile device. If the notification arrives quickly enough, you can proceed with the transaction at the counter. Otherwise, you will need to cancel the purchase, confirm with the issuer, and try again.
One way around this limitation is to have a backup card. This card may not give you the rewards you expect, but it can save you the trouble of retrying your transaction.
Pay Yourself With Square
If youre a freelancer of sorts and accept credit cards, then I highly recommend a Square reader if you dont already have one. Its a great way to swipe credit cards and get paid on the spot.
If you already have one or youre interested in one, the reader is free and lets you accept credit cards anywhere as long as you have your smartphone. Generally, you can get paid the next day.
In this case, you could pay yourself with the gift cards full value, but you will have to pay a fee in doing so, usually 2.6% + $0.10. Nonetheless, its a quick way to get cash if need be, but I would only do so if you have the reader and use them consistently. If you sign up to do this, you may get a warning email.
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Register Your Visa Gift Card
Registering your Visa gift card is a very similar process as activating it. Call the 800 number or go to the website associated with the gift card and put in the card information. But this time youll also have to include your personal information: name, address and phone number.
You have to go through this process because many online merchants use a security procedure called AVS when accepting debit or credit cards online. Since your Visa gift card is an open-loop gift card, its processed and dealt with as if it were a debit card.
What Are Gift Cards
Of course, gift cards work similarly to debit cards so that you can use your existing balance. The main difference is that instead of linking to a bank account like a debit card, the donor prepaid the balance on the gift card. When the funds run out, the card is no longer important.
However, there are rules regarding using credit cards and gift certificates, so its natural to wonder if you can use one to buy the other.
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Problem #: Not Always Easy To Use
Clarks second problem with Visa gift cards is that a lot of people say its difficult to use up the entire balance on the card, especially when theres only $5 or $10 left.
Although the cards can be used at millions of retailers where Visa debit cards are accepted, both online and offline, there are times when purchases are declined.
For example, a member of Team Clark received a Visa gift card that was disabled at gas pumps and had to go inside the station to use it.
Restaurants can also be tricky. Some of them authorize an additional temporary 20% gratuity charge to your bill, but the actual charge is the price of the meal plus any gratuity you add.
If your bill is $50 before tip, your $50 gift card may be declined due to the preauthorization hold.
Hotels and car rental companies also place preauthorization holds. You must always make sure you have enough money on the card to cover the purchase amount and the hold.
Explanation of pre-authorization holds from the terms and conditions:
When making a purchase at a merchant that provides certain services or accepts tips, a preauthorization hold may be placed on your card for the estimated total price of your transaction.
This estimated total price will be for an amount greater than the initial purchase, 20% or more, to allow for tips, incidentals or additional services and will reduce your available balance.
Can You Transfer A Visa Gift Card To The Cash App
You cant transfer a Visa gift card to the Cash App as this app doesnt allow gift cards to be used as a payment option. Instead, you have to find a way to convert the Visa gift card to cash and then add that as a balance to the Cash App.
Id particularly recommend checking out some of the options in this article on how to add the money from your Visa gift card to your PayPal account. This is because, from there, its very easy to add this amount to your Cash App account.
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Final Thoughts On Converting Visa Gift Cards To Cash
Visa gift cards are pretty flexible in terms of how you can use them. Given that theyre accepted anywhere that also takes Visa credit cards, you already have a huge array of options on where to spend the balance on your gift card.
But its true that sometimes having cold, hard cash is preferable. Its easier to track as part of your overall liquid net worth, for example, and youre not limited in case you plan to use the money somewhere that a Visa credit card wouldnt work.
In those cases, one of the options on this list will definitely help you out. Just keep an eye on the fees to make sure theres not a more affordable option for what you intend to do with the money.
But once youve decided how to proceed, in only a few clicks, that money will be yours!
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Costco Anywhere Visa Card By Citi
Citis Costco Anywhere Visa® card doesnt charge an annual fee if you have a Costco membership , but youll receive a 4% return on the first $7,000 you spend at eligible gas stations each year . 3% on restaurant and qualifying travel purchases, 2% on Costco and Costco.com, and 1% on other purchases. You must be a paid Costco member to participate in the program.
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How To Get Cash From A Gift Card
Gift cards have been the preferred present or gift of choice for nearly every occasion, including holidays, birthdays, Valentine’s Day and you get the point.
Gift cards seem to be the king of gifts when you don’t know what to get that special someone.
But what if you don’t get the right gift card?
That money shouldn’t have to go to waste now, should it?
What if I were to tell you that you could get cash off of that gift card? Don’t worry, this is perfectly legal and rather simple.