Use Your Visa Gift Cards To Pay Your Bills
Assuming you need extra cash for grocery shopping and paying some of your bills, you can use your Visa gift cards for this.
Paying your bills with your Visa gift cards is almost the same as converting it to real cash, although you would just never see it physically.
Keep in mind that a gift card is considered a form of credit card, and you would incur credit card fees while using it to settle your bills.
So you should do the required math and check if paying your bills with Visa gift cards is worth it before proceeding.
Examples of bills you can pay with your Visa gift cards include phone bills, topping up your gas tank, and paying for groceries.
If you want to pay large bills like your mortgage, car bills, and more, you should try out a free service called Plastiq that lets you do that.
Top 10 Places To Sell Gift Cards For Cash
Receiving a gift card as a present is a mixed bag emotionally. Of course youre grateful but you also cant help but wish the giver had opted for cash instead. If youre currently facing financial hardship, as many of us are in the current climate, the blow will sting even more. You want money to pay your rent, not Apple store credit!
Luckily, you have more options available to you than just sucking it up and using your gift card to buy some consumer goods you dont need. There are many places you can trade your store credit for cold hard cash, both online and in person.
What Is The Fee For Coinstar
If you decide to use the Coinstar kiosk for exchanging your coins into a cash voucher, you can expect the pay a fee of 11.9%. While the fees may vary per location, the average rate is still just shy of 12%.
So yes, that is quite a steep fee, so if your local bank still accepts rolled coins, it may be worth using them instead especially if you have a large amount of money to exchange.
Keep in mind that for each $100 you exchange, you will lose $11.90 so it really comes down to a personal choice. How much do you want to avoid rolling your coins?
Donate The Gift Card To A Charitable Silent Auction
Have you ever gone to a fundraising event where there are gift cards up for bidding? Chances are someone donated those gift cards to help the charity raise money.
Like regifting, I would only recommend this strategy if you know that the gift card you are donating has 100% of its value on the card. Also, check with your accountant if you can receive a tax deduction for this donation. While that doesnt put cash directly in your pocket, it could lower your tax liability for that year.
How To Get Money Off Your Gift Card
Here is how to get money off a gift card.
The process is easier than you think. First, you have to check the balance on the card. This is so that you can determine if this is worth it or not.
Next, you are going to want to take your card to a gift card exchange kiosk. Follow the directions on the screen. Check over everything before you hit accept.
Take the receipt to the cashier and get your cash. Its like going to the CoinStar.
Alternatively, to get money from your gift card you can do the following:
- Sell your gift card.
- Use the gift card to buy an in-demand product and then sell the product.
- Buy money orders directly to pay yourself.
- Trade your gift card for something else. This is similar to selling but you can get a different product for it in exchange.
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Sell Gift Cards Online Direct Deposit
There are several sites where you can sell unwanted gift card like CardCash and GiftDeals . However, usually you will sell a gift card cheaper than its face value. All you need to do is to state the merchant of your card and then check for the highest offer. The price of the card depends on how popular the card is. Different gift cards have different procedures for selling.
We have selected for you some marketplaces where you can consider selling your gift card. Be aware that you will be paying a small fee or commission at most online gift card exchange sites. Therefore you also may want to look into the options to sell your gift card locally.
Get Cash For Gift Cards
Many people wonder how they can get cash for gift cards. This usually comes up when they receive a gift card as a present. The gift card is to a place they dont shop or have no interest in shopping.
Or, people may be wondering who buys used gift cards or about how to get cash for gift cards. This usually happens when theyre looking to put more money back in their budget. When money is tight, exchanging unwanted or unused gift cards for money makes a lot of sense.
In this blog post Im going to address three solutions related to the notion of cash for gift cards. First, Ill remind you how to make the most of gift cards you already own. Next, Ill review places that give you cash for gift cards, when youre looking to sell them. Finally, Ill offer suggestions on what you can do with those unwanted gift cards when selling them for cash is not an option.
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Are Visa Gift Cards Redeemable For Cash
If you have a Visa card and questioning and thinking if it is redeemable for cash the answer is no. This is due to the fact that while Visa gift cards and prepaid debit cards are somewhat similar, only the former can be cashed out on an ATM. The only way to get value from your gift card is by using it to make a purchase at a select retailer.
Other than that, you can sell a gift card online or in person for cash. You can also exchange your gift card for a different gift card to a store of your choice.
Check Into Cash Stores
Im not a fan of payday loan services, but the Check into Cash stores will buy your gift cards off you on the spot. No, you dont have to get a payday loan to qualify, either.
The only downfall is that you wont know what you get unless you call or visit a location, which you can find via the companys official website at CheckintoCash.com.
If you do decide to sell, bring in your gift card, a valid ID and you will walk out with cash in hand as long as the card is confirmed. This is a great place to sell your gift cards and get cash in person.
- Website: CheckintoCash.com
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Coinstar Gift Card Exchange: Quick Cash Today
If you are curious about finding new and different ways to make money then Coinstar kiosks should be the interest to you.
You will no longer be able to locate the yellow Coinstar gift card exchange kiosks, those gift card kiosks specifically accepted unwanted gift cards in exchange for cash-back.
But you can still find the classic green Coinstar kiosks in local stores near you.
These little gems have been around since 1992 and they allow you to exchange your loose coins in exchange for cash or eGift cards. Plus they offer some other interesting services.
Deposit The Gift Card Amount In The Bank
Believe it or not there are certain gift cards, often in the form of a debit card that you receive as a reward for a purchase, that you can deposit directly into your bank account. I usually get these after buying my dogs flea and/or heartworm medicine at the vet.
I learned this the hard way. For the longest time, I would try to use these gift cards to buy gas or groceries. But each time I would swipe it and even after the instructions for use at retailers, the card would be reject. Finally, one day I read the fine print on the back and discovered the bank deposit option, which is what I did.
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Check The Shape Of Your Gift Card
When you get to the Gift Card Exchange machine, youll either have to swipe your gift card so the machine can read the magnetic stripe or youll have to hold the bar code up to a scanner. There is no way to key in the card number. If your gift card is an odd shape, too big, too small, has cut-outs, or is a printout of an electronic gift certificate, you might not be able to see it at the kiosk.
Best Online Coinstar Alternatives
While other sites may recommend Gift Card Granny, the company has confirmed that they do not buy nor sell gift cards from individuals. They have also stopped listing other businesses that do purchase cards.
But thats ok because there are still other Coinstar gift card exchange alternatives such as
Raise offers you the option to buy and sell gift cards. You can get up to 85% of your cards values. While this is not the greatest gift card exchange percentage, they do offer a 1 Year Money-Back Guarantee from the time of purchase.
CardCash is another great option. They offer a faster payout than most competitors and up to 92% of the cards value.
CardCash offer for a $100 Walmart gift card.
Both Raise and CardCash will purchase your gift cards from a variety of different retailers such as Walmart, Starbucks, Costco, Best Buy, and Target.
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Online Auctions And Classified
Of course, you can always take matters into your own hands and try to sell a card yourself via an online auction site, classified ad or social media platform. This may work, but be aware that there are no fraud prevention checks or customer service representatives to help you out if the deal goes awry.
Sell Your Gift Card In Person
If you want to sell your gift card in person, rather than dealing with online gift card exchanges, you have a few options.
- Cardpool.com gift card kiosks: If you dont want to make your swap online, you can visit certain in-store kiosks, operated by Cardpool.com. These machines, once owned and operated by Coinstar, accept gift cards from more than 150 retailers and restaurants, as long as they have a balance of at least $15. The kiosk will make you an offer for the cardand if you accept the offer, you’ll get a voucher that you can redeem for cash at the register of the shop the kiosk is located in.
- Target trade-in: If you love shopping at Target, youll be pleased to know the big-box retailer will trade store credit for gift cards from more than 100 different retailers and restaurants through its own in-store exchange. Not all Target stores participate in the program, so you should check the website to see if your local store is part of the Target trade-in program.
Typically, in-store trade-ins offers lower resale returns than the online exchange marketplaces, says Hunter, but the payout is more immediate: Youve got to ask yourself if you value the dollar amount or convenience more.
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First Check Your Balance
Before you throw any of your single-use gift cards away, make sure to check the remaining balance.
With almost every card, there will be multiple ways to do this:
- Online on the vendors website
- In store at one of the vendors outlets
Any remaining balance is good news. If it is a considerable sum, you can decide whether you want to use it to spoil yourself with something from the vendor.
If its a smaller amount, $5 or less, you may want to convert it to cash.
Can You Exchange A Gift Card For Cash At Walmart
You cannot exchange a gift card for cash at Walmart. It can only be used to purchase merchandise from Walmart.
The one exception is if your gift card balance is very low, such as less than $1. In those cases, Walmart may give you whats left in cash.
You can, however, exchange your Walmart gift card for cash at other places although, unfortunately, not at Coinstar Gift Card Exchange kiosks any more.
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Giftcash Is A Trusted Website With Some Of The Highest Payout Rates In The Industry
- Payout value: Up to 92% of the value of your gift card depending on the retailer.
- Payout options: ACH, Cryptocurrency
- Retailers accepted: More than 150 brands.
You can sell your unwanted gift cards with confidence on GiftCash.com! Although their expected payout turnaround time is among the longest on this list , youll receive communication from them throughout the process so youll always know where your transaction stands.
In the end, many users report that it only took about half as long as expected to receive their payment!
Heres an awesome Hip2Save reader testimony:
Ive used ALL of these services. Ive only ever purchased from Raise but I have sold gift cards to the other companies listed above that I wasnt using. I had a great experience with all of them and highly recommend! Heather, Hip2Save reader
When You Cant Get Cash For Gift Cards
If you find it is impossible to get cash for gift cards youre looking to sell, dont lose hope. I have some additional tips of how you can make the most of those unwanted gift cards. In some instances you might still be able to make a little money from them but not in a way you might have expected. Here are three additional tips on what to do with unwanted gift cards.
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Buying Products To Resell
I know youve probably heard about this method, but if you havent, here is how it goes.
The technique not only offers you a chance to get cash out of your Visa gift card, but you can also make some extra money. In essence, its about taking advantage of great deals.
Platforms like PayPal allow you to pay for products through prepaid gift cards, and various retailers accept online payments.
Therefore, you can make an online or in-store purchase using Visa gift cards through PayPal.
If you spot a deal that is ideal for a product you can buy, you can do so and then resell the product at a profit or at a breakeven price to get your cash.
This can be a great option if you are able to get cheap deals for useful products that you can later resell.
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Best Places To Sell Gift Cards For Cash Online & Near You
by Lauren Bennett – Last Updated April 30, 2021
Dont know where to sell that gift card that you know you just wont use it?
You probably have been given a gift cards for stores that you never shop form.
Well, youre not alone. Statistics show that $1 billion in gift cards go unused each year.
Thats a pretty staggering number.
Thats why here at MP we talk a lot about selling unused gift cards.
Need Easy Extra $300+/Month for Free?InboxDollarsPanda ResearchDaily Goodie BoxPinecone ResearchKashKick
Weve also shared a simple way to exchange your gift card for cash instantly.
As you can imagine, there are a lot of ways to sell and trade gift cards from dedicated marketplaces and websites to forums and communities like Reddit.
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Wheres A Coinstar Gift Card Exchange Kiosk Near Me
To find a Coinstar Gift Card Exchange kiosk near you, go to their website and simply enter your location to find any of their kiosks in the US or internationally.
Specifically, if youre frantically Googling for a gift card exchange kiosk near me and youre in the US, go to this page. Youll also find links to Coinstars websites in other countries if youd like to find a kiosk near you there.
Can You Transfer Visa Gift Cards To Cash App
No, you cannot directly use a Visa Gift Card on Cash App to transfer money from Gift Card to Cash App wallet. However, most of the government-enabled prepaid cards are accepted and can only be used to send money to someone using a government-enabled prepaid card and cannot deposit money from Cash App to your card.
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