Easy Ways To Transfer Visa Gift Card To Bank Account In Less Time
- 7 minute read
To transfer visa gift card to bank has been somewhat difficult for individuals and even impossible for most people.
Having visa cards have saved individuals the stress of carrying cash around and going out of budget with their expenses because they can load their cards with a set amount of funds that can carry their purchases for a long period of time.
But where by a person has enough funds in the visa card and lacks cash at hand, there becomes the need to be able to transfer the visa gift card to a bank account in order to access the cash and use however they want.
So the common question is How do you transfer visa gift card to bank account?
This content is going to help you understand the modules of transferring visa gift cards to a bank account. But Its important you first understand what a visa gift card is.
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.
Transfer Visa Gift Card To Bank Account Through Moneygram
MoneyGram is the second largest money transfer company. They are fast, affordable, reliable, and most importantly safe. Get ready to transfer visa gift card to Bank account by visiting MoneyGram website and following the steps below
#1. Sign up to create an account at MoneyGram
Once you open the MoneyGram website, click the Sign up button, fill in your email address, provide a strong password and sign up.
Go to your email and verify that youve successfully created an account.
#2. Click Send Money at the MoneyGram website
At the top menu bar of the website, click the Send money icon and it would take you to a page where you are required to fill in the payment details. Which includes
- Amount to be sent
- Select Debit or Credit card
- Select the Account Deposit or Debit card deposit option.
Make sure that your visa gift card is linked to your bank account you are sending the money to.
#3. Fill in Bank Details
Youd be taken to a page where youd fill in your bank details after sending the payment information. Here youd enter
- Receivers Name
- Card information
After entering these information, click Next and your money transfer would be processed. Viola! In few minutes youd have transfered money from your visa gift card to bank account.
Note that MoneyGram charges a fee based on the amount youre sending. And fortunately their fee is ridiculously cheap. $1.99 for amounts less than $200. For amounts above $200, it charges $1.99 + 1% of the transferred amount.
Don’t Miss: Www Apple Com Go Gcb Us
Do Visa Gift Cards Work On Cash App
Cash App does not allow VISA gift cards as a payment option since Cash App does not accept Prepaid and Gift cards. Gift Card Credit can only be used to purchase items online it cant be used in the Cash App directly but can be transferred indirectly.
When you try to add your gift card to your account, a message will pop up displaying that prepaid cards are not supported by Cash App and cannot be added as a payment method on Cash App.
So, if you have a $x visa gift card, you can still load the funds from the gift card to your Cash App but in an indirect and multi-step process kinda way.
How To Utilize Onevanilla Card
From any shop, you can buy by utilizing One Vanilla card. To pay by using One Vanilla card, first of all, be certain that you have a sufficient amount in your account before you purchase. When you do any shopping, buy a Signature transaction. Choose Credit and sign the slip. Sign in to your online account to see all activities.
Recommended Reading: How To Delete A Card On Doordash
How To Get Cash From A Vanilla Visa Gift Card
While you cant get cash from a Vanilla Visa gift card directly, you have options like selling the gift card either online or in person or having the money transferred to your PayPal account. You will then receive money in exchange for the gift card.
That is, much like the other cards in this article, you cant transfer money or withdraw money from your Vanilla Visa gift card. However, there are several workarounds available.
In fact, the process of how to get cash from a Vanilla Visa gift card is the same as how to convert any Visa gift card to cash, allowing you to use the balance in exactly the same way as cash. Check out some of the options earlier in this article to see which one may work best for you.
Can You Turn A Visa Gift Card Into Cash In Hand
There are ways to turn a Visa gift card into cash in hand, although these tend to be limited to those options when youre trading your card in in-person, such as when selling it to someone or converting a Gift Card Kiosk voucher into money.
However, having the money added to your PayPal or bank account is as close to cash in hand as you can get. Simply add the extra step of going to withdraw it and youre on your way.
Recommended Reading: How To Use An Airbnb Gift Card
Why Cant I Use My Vanilla Visa Gift Card Online
If you have a problem using your gift card for online or telephone purchases, the most likely reason is that the merchants fraud screening process is matching the billing information entered at checkout with the billing information on your gift card account. If the addresses dont match, the card may decline.
Terms And Condition Of A Visa Gift Card For Successful Transfer To Bank Account
Expiration date It is important you make sure that your gift card is not expired. Check your card to know when it expires or else transferring money would be impossible
Not Transferrable It is true that there are some cards that are non transferrable. It isnt possible for others to use them. So make sure yours isnt one.
Dormant Card If your gift card havent been used for a long period then a fee may be attached to you for inactivity. Check this to avoid charges.
Adequate Funds Most Individuals end up spending more on charges and fees transferring money from the gift card to the bank account than the balance in the gift card. So to avoid losses, its better to make sure that there is more than enough money in your gift cards before you go ahead to transfer.
Don’t Miss: Do I Have To Have A Red Card To Doordash
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.
How To Use Vanilla Gift Card On Paypal
Our validation methods require you to have a card billing address and billing statement. From our experience the exceptions are, paypal products or green dot money packs or a prepaid card that allows you to register both your name and billing address.
Get a 500 Walmart EGift Card! Walmart gift cards, Egift
Also Check: Cant Use Vanilla Gift Card Online
What Are The Advantages Of The Onevanilla Card
With MyVanilla, you will have more money managing options available, managing the usage of money will be in your hand, and a link directly to your account at your fingertips.
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.
You May Like: Gift Card Bin Store Locator
Add The Card To Paypal
Paypal allows you to add your Vanilla card to your account to help in funding your transactions. You can thus get the money from your account for a PayPal to a bank transfer. That way, you will have moved money to your bank account. However, you may part with up to 3% of the total transaction amount.
You can link your gift card to PayPal using the following format.
- Log into your PayPal account.
- Select Wallet at the top of the page
- Tap Link a card or bank under any existing cards or banks linked to your PayPal account. Click to follow prompts.
- Add its details and click Link Card.
Once you have linked it, you can transfer funds to a bank account in the following format.
- Open your PayPal app to log into your account.
- Tap your PayPal balance.
- 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.
How To Reload Pin
Don’t Miss: $20 Uber Gift Card
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.
Sell Your Gift Card Through An App
There are various applications for both android and iOS that you can use to sell your Vanilla gift cards and then have the funds deposited into your bank account. Even though the apps take a large commission, you eventually get the funds in your bank account.
You, first of all, tell them the kind of card you have, i.e., whether Visa, Mastercard, Discover, and so on, then they give you an offer. They can purchase it and deposit the funds in your bank account within five business days if you accept.
An example of such an app is the Prepaid2Cash that you can use to get cash from your gift card to a bank account.
Don’t Miss: Home Depot Pro Xtra Reloadable Card
How Do I Transfer Money From A Gift Card To My Bank Account
Transfer Visa Gift Card To Bank Account Through Paypal
This is easily done by adding your card to your PayPal account and transfer the balance to your own account because Paypal allows you add prepaid cards, including Visa gift cards to your Paypal wallet.
Here is a step by step guide on how to achieve that:
If you get an error after doing this, then go back and make sure your visa gift card is registered so that an address is linked to the card. Once youve done this, then PayPal would not have a problem accepting your card.
You May Like: Red Card For Doordash
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
Buy A Money Order With The Visa Gift Card
Places such as Walmart let you purchase a money order using a Visa gift card. Keep in mind this can vary depending on the location, so make sure to call the Walmart you are going to visit to make sure this option is available in your area.
Once you receive your money order, you can deposit it into your bank and use it as cash. If you arent sure how a money order works, check out this article by Nerd Wallet. It goes through everything that you may need to know before getting started with getting a money order.
Also Check: Doordash What Is The Red Card For
Can You Take Money Off A Gift Card
Sadly, probably not. You can’t simply take a gift card to an ATM machine and get cash immediately.
Why? Just for the simple fact that it is a gift card. However, there are plenty of options that you can do to get money in exchange for the value of the gift card.
You can likely get money off of a reloadable prepaid card. But that’s not the question. We are talking about gift cards. Based on our research, the best option to get cash in exchange for a gift card is to simply sell it for a discount instead.
Transfer Visa Gift Card To Bank Account Through Venmo
You can transfer visa gift cards to a bank account using Venmo. Venmo is somewhat similar to PayPal and you can put your card balance in your Venmo account.
The best part about using Venmo to transfer money is that Venmo doesnt charge any fee to transfer money from your Venmo account to your bank account. Cool right?
Except you opt-in for the Instant transfer option. Otherwise, it should take three working days for the money to arrive in your account.
Get started by
Recommended Reading: Doordash Red Card Delight Number
Sell It On The Raise App
Another way to convert a Visa gift card into cash is by selling it on an app called Raise. Raiseis a site where you can sell your unwanted gift cards with ease.
Its really simple! All you have to do is find all your unwanted gift cards then list them to sell on the platform. Lastly, you will get paid either via Check, PayPal, or by direct deposit when someone buys the gift card.
Raise is an amazing site if you have unwanted Visa gift cards or any other gift cards from stores such as Target, Amazon, and Walmart. In addition to selling unwanted gift cards on the site, you can save money when you buy other gift cards on their site.
You can also check out their coupon section to find some of the latest deals on popular stores and brands.