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HomeExclusiveCan I Take Money Out Of Visa Gift Card

Can I Take Money Out Of Visa Gift Card

Reselling To Get Cash From A Visa Gift Card

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

Another expensive way to turn a Visa gift card into cash is to resell it to Visa gift card resellers.

Most of these will charge veryhigh fees when you compare them to other methods mentioned in this article.

You should only resort to this ifyou are desperate to liquidate these cards.

There are companies such as Raisethat will charge you 15% of the balance on the card in commissions.

If you want to use Raise you candownload their mobile app where you can sell your visa gift cards.

Afterward, you can send the cardto them.

In terms of payment, they offertwo options i.e. PayPal or a check

Another way to resell your cardis to use sites such as eBay.

Here at least you have somecontrol over the price as compared to sites such as Raise.

This way you might be able to getan amount closer to the balance if you play your cards well.

Can I Sell A Visa Gift Card To Other People

Yes, if you choose to, you can definitely sell a Visa gift card that you have and dont want to other people. Places such as Facebook Marketplace and Gift Cash let you sell your unwanted gift cards and get cash for them.

You can even sell them to your family and friends if you dont want them. If selling online isnt your thing, try asking family or friends if they would be interested in your Visa gift card.

Three: Register Or Log

After finding out whether your prepaid card provider allows such a transaction, you can sign-up for an account or log in if you already have an account.

If you need to do registration, then you will need your prepaid card with you. After signing-up, you can use the log-in details for future transactions.

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Can I Use My Gift Card At Merchants Where A Tip May Be Appropriate

Yes. To make an online or phone purchase, youll need to register your card by visiting navyfederal.org/mygiftcard, entering your username in the Username field and clicking Sign In. Please note, if you have not created a username for your gift card, select Need Username? under the Username field. After signing in, select My Profile under My Settings and enter your name, address and phone number.

Be sure the balance on your card is enough to cover the bill and the tip. If not, the transaction will be declined.

How To Transfer Money To Your Bank Account From A Visa Gift Card

Get cash from visa gift card

If you have a nice, shiny Visa gift card burning a hole in your pocket, you might want to transfer the money into your bank account for your own convenience. This way, you won’t have to worry about carrying an extra piece of plastic in your wallet until you’ve gone through its full balance. But shifting the balance to your bank account isn’t as easy as simply moving the funds from one place to another. The good news is that there are several options, some of which will cost nothing more than a few minutes of your time.

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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.

Simply Sell The Card To A Friend

A simple way to convert a Visa gift card to cash is to sell it to a friend.

You can let your friends know that you have a Visa gift card that you would like to trade for cash and hopefully they take the deal.

Its a great way to trade your gift card for cash and you can even get full price for the gift card!

Sometimes you will need to offer a discount so your friends have an incentive to take the deal.

Its an easy way to exchange Visa gift cards for cash but its not a method you can count on all the time.

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Does A Prepaid Card Support International Money Transfer

You can send money from anywhere to any country in the world. The world is now a global village in all matters related to information and communication technology. When sending money to someone else outside your country, you need the account number of the person and the routing number of the institution receiving the payment. You also need to understand how to transfer money using the routing number and account number.

Before hitting that send button, always confirm that all the details are correct. Again, you should always call the recipients and ask if they got the money you send to them. If they take long to receive the money, you should always make a quick follow up with your card issuer to inquire about the problem.

Prepaid card accounts can also receive money. Your friends and employers can send you money from wherever you are. So in the real sense, a prepaid card is very convenient.

Can I Get Cash From A Visa Gift Card If I Have A Pin

How To Turn Visa Gift Card into Cash Using Paypal

It used to be that gift cards had to be run as credit transactions at the point of sale because they didnt come with the PINs needed for debit transactions. Prepaid cards typically have PINs so they can be run as either. In 2013, the Federal Reserve passed a law requiring that people have the option to get a PIN for a general purpose gift card, so they have to decide which type of transaction to perform. This law, however, led people to believe they could use the PIN to withdraw cash from their Visa gift cards at an ATM or via cash back at a merchant POS. Thats not the case. The PIN simply allows gift cards to be run as debit transactions.

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How To Convert Visa Gift Cards To Cash

There are a bunch of different ways to get your Visa gift card balance converted to cash. In a few cases, theyll let you end up with actual cash in your hand, while others will let you treat the card as if it were cash in terms of how you use it.

There are a few ways though that involve a transfer of the Visa gift card to your bank account. From there, youll then be able to withdraw the money as cash.

Want to get started with a free $5 Visa gift card? Simply and youll get a free $5 welcome bonus, which you can then convert into a Visa gift card

Whichever option you choose though, the outcome is the same. So it just becomes a question of which one is easier for you.

Use The Gift Card To Pay Your Bills

Another great way to use your Visa gift cards is to use them to pay your bills.

Paying off debt is always a good thing to do so if you have Visa gift cards then I recommend using them to pay off bills.

Now, not every bill will let you pay with Visa gift cards but many do.

Most retailers will accept Visa gift cards for bill payments.

While this method is not converting the gift cards directly to cash its essentially using it as cash for a good reason.

I highly recommend using your Visa gift cards to pay towards bills if possible.

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Visa Travel Card Features

  • 24 hour cash access. Use your Travel card to make purchases worldwide at merchants that accept Visa or obtain local currency at any ATM that displays a Visa symbol.
  • Variable purchase amounts. Visa Travel cards can be purchased in any amount .
  • Multiple Cards. You can purchase additional cards that allow you to access the same funds. Each additional card will have its own unique PIN. You can give them to travel companions, or keep them as instant replacement cards in case your card is lost, stolen or damaged.

Use Gift Card Exchange Kiosks To Get Cash

Can You Use Target Visa Gift Card On Cash App

Another way you can exchange gift cards for cash is to use gift card exchange kiosks.

Gift card exchange kiosks are machines that you can find in grocery stores or retail stores that will give you cash for your gift cards.

All you need to do is insert your gift card in the machine and the machine will tell you how much cash you can get for the gift card and if you accept the offer you will be given a cash voucher.

You just need to take this voucher to the cashier to redeem your cash!

However, there are a few downsides to this method

One big downside is that you will get less in cash than the gift cards are worth due to fees and these fees are pretty hefty, sometimes more than using online services.

Two other downsides are that these machines are not easy to come by and not all let you exchange gift cards for cash, many just let you swap to a different gift card or store credit.

So, its not the best method out there to exchange Visa gift cards for cash but its definitely an option to consider if you need cash quickly.

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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.

What Happens When I Lose My Prepaid Debit Card

There is nothing to worry about when you lose your card as long as no one knows your PIN as they cannot withdraw money from your account. However, there is a danger of someone using your card to make transactions of goods and services. You should always do the following things to ensure that your account is safe.

  • Keep your PIN private. I like advising people to keep their PIN only to themselves. Even your wife should not know the account number unless it is a joint account.
  • Report immediately upon losing your card. Always have the card issuers contact information with you so that you can easily report any loss of the card.
  • Always check your account for any illegal authorized transaction. If you discover any unusual deductions, consider changing your account details such as account number and blocking all the cards.

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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.

Sell Your Visa Gift Card To Other People

â Can You Use Visa Debit Gift Card On Cash App? ð´

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.

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Making A Purchase With Your Visa Gift Card

What if I change my mind and want to cancel a purchase?

If a merchant cancels a purchase transaction for you, it may take three to seven business days for the cancellation to show up on your Visa Gift card record and for the funds to be credited to your card and available for use. Check the balance on your card, either online or by phone, to see when your cancelled purchase transaction has been processed. Refer to the back of your card for the web site address/phone number of the financial institution that issued your card.

Why was my Visa Gift card declined?
  • Your card may have expired. Check the expiry date printed on the front of your card. In this case, let the merchant know how much remaining balance you have on your card. The merchant may split the transaction and allow you to pay for part of your purchase with the Gift card, and then the remaining part of your purchase with another form of payment, such as a credit, debit or cash.
  • Your remaining card balance may be less than the value of the item you wish to purchase.
  • Merchants who only possess a manual imprint machine cannot accept Gift cards which have the phrase “ELECTRONIC USE ONLY” printed on the front of the card.
  • Some internet merchants use fraud protection software that may decline a Gift card purchase transaction.
  • Your card may not be activated or registered yet. Follow the activation and registration instructions that came with the card, or contact the card issuer

Should You Convert Visa Gift Cards To Cash

You should ask yourself whether you should even convert your Visa gift card to cash or not.

In many cases, Visa gift cards are just as good as cash because any store that accepts debit or credit cards most likely accepts Visa gift cards as well.

So it might not be worth it to convert Visa gift cards to cash because most of the time when you convert the gift card, you will get less in cash than the gift card is worth.

A few reasons why you would exchange a Visa gift card for cash is if the gift card is expiring or if you want to save the money instead of spending it, and if you desperately need hard cash.

With that said, lets check out the best ways you can convert your Visa gift cards to cash.

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Do Visa Gift Cards Expire

While the funds on the gift card wont expire, its important to know that the plastic card will. If this occurs, the gift card owner will need to ask for a replacement gift card. The remaining balance of the expired gift card will then be transferred to the new gift card. Be mindful that there usually is an additional fee for inactivity this is subtracted from the balance of the card. A fee will occur if the card isnt used a year after activating. Remember to make a purchase within the year of your last purchase since there is a non-use fee as well.

The Gift Card Granny Visa® Gift Card and the Virtual Visa Gift Card are issued by Sutton Bank®, Member FDIC, pursuant to a license from Visa U.S.A. Inc. The Visa Gift Card can be used everywhere Visa debit cards are accepted in the US. No cash or ATM access. The Virtual Visa Gift Card can be redeemed at internet merchants everywhere Visa debit cards are accepted in the US. No cash or ATM access. The Gift Card Granny Mastercard® Gift Card and Mastercard Virtual Gift Card are issued by Sutton Bank, Member FDIC, pursuant to a license by Mastercard International Incorporated. Use your Mastercard Gift Card and Mastercard Virtual Gift Card everywhere Debit Mastercard is accepted in the US. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

Sell Your Visa Gift Card Through An App

No MasterCard in Iran for Now

Another option is to sell your Visa gift card on various apps that will buy it from you in order to resell it.

While this can be a quick way to convert your Visa gift cards to cash, the fees are really steep so this should probably only be your last option if the others arent possible for some reason.

For example, Raise has an app that does this for both iOS and Android, although theyll take 15% commission for doing this. Ouch.

A similar one is Prepaid2Cash, another site that has an app for iOS and Android in order to trade in your Visa gift cards for cash. This one works slightly differently, in that:

  • First you tell them the brand of the gift card
  • They then send you an offer through the app for the card
  • You have no obligation to accept this offer but once you do, theyll deposit it into your account in up to five business days

This means that the fees they charge are incorporated into the offer, so its not entirely transparent. They state, however, that the offer will be up to 92% of the card balance, meaning the fees are at least 8%.

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