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Can I Get Money Off A Visa Gift Card

Buy Money Orders With The Visa Gift Card

How To Get Cash Off A Visa Gift Card | How To Get Cash Out Of A Visa Debit Gift Card

Another way would be to use your Visa gift card to buy money orders.

There will be a fee of coursewhich will be charged to the card.

Therefore you have to take thatinto account before embarking on this path.

This method depends on whether yourcard will let you buy money orders, some dont.

If it does allow you to do thisthen you cash the money orders or deposit them into your bank account.

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.

Best Practices For Prepaid Cards

Do: Use it all at once, if you can

If you spend a prepaid card in a single transaction, youll never have to think about how much balance remains on the card, and youll never have to remember to carry it with you.

Aside from the Amazon strategy above, I recommend the grocery store and dining out as two great opportunities to spend a prepaid card cleanly and completely. These are also situations where the staff is accustomed to splitting payment across multiple cards, which is helpful.

If youre lucky enough to have a card with a high value, using it all at once might not be possible. In this case, make life easier by sticking a Post-it note to the card to track the remaining balance. Id still advise that you spend the card down in just two or three large chunks rather than a lot of little transactions.

Do: Use it quickly

There are two reasons for this. First, many of these gift cards charge monthly account maintenance fees . Second, the longer you have it, the more likely you are to lose or forget about it.

Dont: Use it for purchases you might need to return

When you return a purchase, the merchant will often want to credit back to whatever card you used for payment, which will be inconvenient if not impossible when a prepaid card is involved. Focus on purchases you wont return, such as groceries.

Note: If you follow the Amazon strategy, dont worry. Amazon will refund your gift card balance in the event of a return.

Dont: Treat it as free money

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How Much Does It Cost

Youll pay a fee based on the amount you are sending. For amounts less than $200, MoneyGram charges you a base fee of $1.99. For amounts above $200, it charges $1.99 + 1% of the transferred amount.

For example, if youre going to send $500, the fee will be $1.99 + $5, for a total of $6.99.

You can estimate the fee before you send the money by using the fee calculator on the MoneyGram homepage.

How Do I Turn My Vanilla Visa Gift Card Into Cash

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The Vanilla gift card is a Visa prepaid gift card that is available for purchase in amounts from $10 to $500. Its great for special occasions and a great gift to give to people if you arent sure what to get them for an occasion.

Similar to a regular Visa gift card, if you are looking to convert a Vanilla Visa gift card to cash, you can use all the options recommended in this post to get started. So even though you cant get money directly from a Visa Vanilla gift card, you can use the options in this post.

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How Much Money Can You Put On A Prepaid Visa Card

When it comes to prepaid debit cards, one of the biggest headaches can be limits on the balance you can carry. If youre having your paycheck automatically added to the prepaid card and are good at saving up money, you could easily hit a limit that creates problems for your money management strategy. So weve pulled together a list of the best no limit or high limit prepaid debit cards you might consider if you want to avoid this particular issue.

How To Turn Visa Gift Card Into Cash

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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.

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Go To The Gift Card Issuers Website

If you dont have access to a phone, no worries. You can also check your card balance through the issuers website.

To find out who issued your gift card, look on the back of the card near the phone number. There should be a URL listed that you can go to and find out your cards balance.

You can also go here for a list of the card issuer websites.

Five: Follow Additional Instructions From The Prepaid Card Company And Perform The Transfer Online To Your Bank Account

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Every prepaid card provider will have a slightly different set of instructions so make sure to follow the instructions carefully.

At any point, if youre unsure of what to do, your prepaid card provider should have a customer service hotline that you can call for help.

Here is an example of the detailed instructions provided by the Key2Benefits Prepaid Card website.

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Link Visa Gift Card To Your Paypal Wallet

PayPal allows you to link your Visa gift card to your account just like a credit card or debit card and use it at checkout.

Whats even better is that you can transfer your funds to your PayPal-linked bank account, essentially getting cash out of the card.

So, how do you link your visa gift card to your PayPal wallet? Simple. Log in to your PayPal account and click on the Wallet tab followed by Link a card on the next page.

Itll open a form where you fill in the card details.

You may have to register your billing address with the card issuer in case of an error message when trying to link the card to your wallet, but thats about it. The process should be straightforward.

Withdrawing the funds to your bank account is free for a standard transfer that takes one to three business days which is great if you dont mind the wait.

If youd like to speed up the process, you can opt for an instant transfer that attracts a 1% fee, calculated from the withdrawal value.

Sell Your Visa Gift Card For Cash

I hate these options out of most because you wont get 100% of your value, but with the right site, you could get up to 95% back. I would only consider this option if you dont have a PayPal/Venmo or you dont want to deal with the hassle of it.

To sell your Visa gift card for cash online, its relatively easy. Just head to one of the many sites Im about to mention, ask for a quote and then follow the prompts if you want to sell it to them.

In most cases, you can get your cash almost instant while some may have a 24-48 hour waiting period. You should know the terms before you sell them, however.

If interested, here are some websites that buy Visa gift cards:

Again, dont expect 100%. Instead, maybe 95% at most. For instance, I could get $22.50 for my $25 Visa gift card. You have to ask yourself if its worth it.

TIP: If you dont want to sell your Visa gift card, you can trade them on these platforms, too!

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How To Transfer Credit From Your Gift Card To The Original Form Of Payment

The cards issuing party will usually have an outlined policy for gift card returns. It varies between card issuers, but nullifying the card is an option most of the time.

Small-scale retailers that issue gift cards through third parties wont be able to refund the money on your card. Instead, they will direct you toward the original issuer. These businesses often have numbers printed on the back of the cards they produce. To request your refund, you must:

  • Dial the number on the card
  • Ask to speak to a representative
  • Request a refund for the gift card
  • Going through these steps wont always result in a complete refund. Many card issuers have a policy to only return a fixed percentage of the cards worth. The value tends to be 90% or less of the gift cards full value.

    Here are some ways to request your refund from a gift card issuers:

    Can You Request a Refund Via

    Yes / No

    One: Find Out If Your Prepaid Card Can Be Used Anywhere Or Is Limited To Participating Merchants Only

    Can You Use Target Debit Visa Gift Card On Google Pay ...

    Visit your prepaid card companys website and look at the cards features. Can it be used anywhere that regular debit cards are accepted?

    For example, certain cards have the following features:

    The Card can be used to purchase merchandise and services anywhere Visa debit cards are accepted in the United States.

    However, other cards are only limited to participating merchants:

    Your Card can be used to purchase merchandise and services at any grocery store, specialty foods store, food truck or online food retailer in the US where Visa debit cards are accepted.

    If your card can be used anywhere in the United States , then you can move on to step two. Otherwise, read our section on transferring gift card balances to your bank account.

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    Simple Options To Convert Visa Gift Cards To Cash

    • Pin

    Receiving gift cards is great but making sure youre actually able to use the balance is the best part of all. Thats why seeing how to convert Visa gift cards to cash can be a great way to make sure that you use whats on the card with the added flexibility of being able to spend the balance anywhere!

    Perhaps you were given the card as a gift or you bought it as part of a promotion. The latter is pretty common, as youll often find stores that offer discounts or bonus deals if you buy Visa gift cards from them. This can, in turn, save you a good amount on the actual value stored on the card.

    You could even have gotten it by having earned it yourself! Sites like Swagbucksoffer this from time to time, by letting you earn Visa gift cards for free by watching videos, playing games and searching the internet.

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    Youll also join our mailing list to get updates on how to make and save money unsubscribe at any time at the end of each email.

    But now that youve got the card, you may be struggling to figure out what to do with it. Or you could just prefer to have straight up cash to be able to use it how you want.

  • Final thoughts on converting Visa gift cards to cash
  • How To Get Cash From A Prepaid Visa Debit Card

    A prepaid debit card is a kind of payment card that allows you to load and spend money. It is almost similar to the ordinary debit card in that both cards only allow you to spend what is on your account only. Once exhausted, you can only continue using the card for shopping and payment of services by loading it with money. If you have money on your card, you can also withdraw it to cash if you have been wondering how then stay around as you will learn how to get cash from a prepaid visa debit card.

    The use of prepaid debit cards is secure as your money is safe. You do not need to worry about losing it even when the card gets lost unless someone knows youre PIN. Many rich people prefer using payment cards as compared to cash since they are highly vulnerable to robberies. However, that does not mean that the card belongs to the rich people only. Anybody can also have it. Some parents usually acquire prepaid cards for their children to use at school for shopping and pay school fees.

    A prepaid card is also essential when it comes to sending money to other people. It does not matter which country you live in because banks usually communicate internationally. If you have a debit or credit card, you can transfer money from a prepaid debit card to your credit or debit card. If I want to transfer money from my prepaid card to my debit card, I only need to log into my prepaid card account and select the send money option, of which I enter the amount of money to transfer.

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    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
    • Address
    • 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.

    Give Them Out As Gifts

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    Sometimes, you may be required to give out gifts, and in most circumstances choosing the right gift for a friend or family member can be challenging. But if you have a Visa Gift card you, can give it to a friend and let them decide on what to buy.

    What I like about this gift idea is that you can get Visa Gift cards for $1, $10, $100, $200, and all the way up to $500. This makes them a perfect alternative to high-value gifts.

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    How Long Will It Take For The Money To Be Transferred To My Bank Account

    How long the transaction takes depends on your bank. Some transfers can be completed within a few hours or on the same business day.

    For most banks though, it usually takes a few business days before you see the money in your account.

    For example, if you have a Bank of America prepaid card and you are doing a transfer to your bank account for the first time, this could take up to 7 business days.

    This is because you must create a new transfer-to account online, which can take up to 5 business days to authenticate.

    After that, it can take another 2 business days to receive the money in your account.

    If you use the MoneyGram method though, the money will arrive in your account within the same day. Even new accounts take less than a day to be verified.

    Use The Cash App To Send Yourself Money

    This option is new and gives you the ability to transfer the full Visa gift card balance. However, it may not work for everyone as the app has caught on and doesnt allow it. But its pretty easy to do, first, download the free Cash app for iOS or Android.

    Then you can send yourself money using your Visa gift card as the funding source. In order to receive your money simply add your bank account in order to receive your full balance. Just know that there is a 3% fee when personal payments are sent from a credit card when using the Cash app.

    However, thats not that high compared to other options. For example, If you are trying to cash out a $50 gift card, youll only lose $1.50 in fees.

    Pro-Tip: If you sign up using this link, youll get a free $5 to help cover the fees. Or check out the latest Cash app referral codes.

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