Tuesday, June 28, 2022
HomePopularCan I Turn My Gift Card Into Cash

Can I Turn My Gift Card Into Cash

We Are The Grandmother Of All Gift Cards

How To Turn Visa Gift Card into Cash Using Paypal or Venmo | Transfer GiftCard Money to Bank Account

While you can buy gift cards practically anywhere, Gift Card Granny is the place where you can give and receive. By offering a discount or cash back rewards, you save money with every purchase. What’s more, having been in the industry since 2009, we are a reliable source when it comes to gift cards. We give you the opportunity to create custom gift cards by adding your logos, pictures or messages to cards from Visa Gift Card, Mastercard Gift Card and many various national brands. Whether youre an individual or a corporation looking for the perfect way to show someone your appreciation, we can get these prepaid gift cards to you fast.

What Gift Cards Do We Accept

We accept most gift cards and are able to send you on your way quickly with extra cash in hand. For specific gift card exchange details, visit your local EZ Money location and ask a representative for more details.

Many satisfied customers are relieved once they come into EZ Money to get rid of their unwanted gift cards and walk out the door with cash. If your gift cards are piling up, stop into any location!

Get Up To 92% Back For Your Gift Cards With Cardcash

  • Payout value: Up to 92% of the value of your gift card depending on the retailer.
  • Payout options: Check by mail, ACH deposit, PayPal, other retailer gift card.
  • Retailers accepted: More than 1,100 brands.

CardCash accepts gift cards from a wide variety of retailers and features a straightforward selling process. Plus, if youre just interested in trading your gift cards, you can even receive up to 7% more! After you accept their offer for your unwanted gift card, youll be instructed to either enter your card information to transfer the balance or mail it in to be processed.

Shopping around for a gift card? Score over 30% off select gift cards on CardCash.com no coupon or promo code needed!

Don’t Miss: Does Lowes Have Electronic Gift Cards

Convert Your Gift Card To Cash With Donotpay

DoNotPay always finds a way to make complicated processes simple!

All you have to do to get cash for the remaining balance on your gift card is follow these steps:

  • in your web browser
  • Click on our Cash Back on Gift Cards product
  • Fill in your card details, such as vendor, date of purchase, and the remaining balance
  • We will send your claim to the nearest outlet for them to process. It doesnt matter if you dont live in a state with a cash back policywe will make sure your request is sent to an outlet where your cash back is required by law. You should get your money within 14 days.

    How To Use A Resale Site

    Turn gift cards into cash with Coinstar Exchange Kiosks ...

    As mentioned, the resale site will buy a gift card from you for a percentage that reflects the popularity of the card. Thats because the resale site buys the card from you and sells it to someone else if people arent too hungry for Sephora gift cards, you likely wont get offered much.

    The process starts with you inputting the dollar amount and provenance of the card, at which point, youll receive a notice telling you what your card is worth, and depending on the site, you might also be offered a better deal for another gift card. For example, a $50 Home Depot gift card will earn you $42.50 in cash on CardSwap, or you could opt for a $45 Esso gift card instead of the money.

    If you choose to accept the offer, you will be required to fill in all the information of the gift card, like the serial number and PIN, mail it in and wait a couple of days to receive a cheque in the mail.

    Bear in mind, however, that if your gift card is worth less than $25, you wont be able to use most of these sites.

    People are not interested in buying a $5 or $10 gift card, Ho says.

    Also Check: How To Use Vanilla Gift Card In Store

    Find A Reputable Resale Site

    Yes, these do exist, and while you wont get an equal dollar amount trade, you will get pretty close.

    You always want to use a trusted site, so read the reviews before going in, says Frances Ho, president of CardSwap. We grant anywhere from 70 to 90 per cent of the value of the card.

    The gift cards that will garner you the best exchange are those applicable to everyday essentials, like gas, groceries or home renovations because these are typically the most in-demand. Specialty places, like sports-specific stores or anything pertaining to niche interests like photography, will not get you a very high return.

    Anything that isnt generic, like a gift card for The Keg or the Ultimate Dining Card, which can be used at a variety of restaurants, is easy to trade in, she says.

    Turning Gift Cards Into Cash With Donotpay

    DoNotPay can help you redeem your used gift card for cash and turn the whole process into a breeze. Heres what you need to do:

  • Select our Gift Card Cash Back product
  • Provide the necessary information such as:
  • Your name
  • The remaining balance
  • The state where your gift card was issued
  • Well automatically send your request if youre located in a cash back state. In case youre not, well find an office of the company that issued your gift card in one of the 11 states mentioned above or Puerto Rico and send it there. You can expect to receive your money within 14 business days.

    DoNotPays assistance doesnt stop here! We can show you how to get free gift cards and help you check the balance before redeeming your used gift cards for cash.

    Recommended Reading: Where Do You Buy Visa Gift Cards

    Regift The Card To Family And Friends

    The old adage, A penny saved is a penny earned still rings true today. Using our forefathers wisdom, give the gift card to your family member or friend as a gift.

    If you planned on spending the same amount of money regardless, you indirectly profit if you received it as a gift.

    Most likely, your friend will be none the wiser that they received an unwanted gift card.

    Since Amazon gift cards can be redeemed for thousands of digital and physical products, they should have no problem spending it.

    You wont be able to transfer a current Amazon.com balance to another person. Make sure you dont redeem the gift code so you can regift the balance.

    If you dont want to give a gift card, you can buy the gift at Amazon after redeeming your card balance.

    How To Make Over $70000 A Year Flipping

    How To Turn Gift Cards Into Cash Tutorial

    Learn how this couple flips items for maximum profit. Flea market flipping is big business and could be your ticket to a dream job, with no boss, and more financial freedom to do the things you love!

    Remember you need to buy items from vendors that accept gift cards as payment. Established sites such as eBay and Facebook Marketplace are a great place to start.

    Once you have bought the item, you now just need to resell it for a higher price than you paid. After it has sold you now have the cash in your account to use however you like.

    Buying and selling goods will involve more work than the other methods listed. However, it can mean making a profit on the gift cards which for many means the extra time spent is worth it. If you are in a rush for cash then one of the other methods will be better.

    Also Check: How To Google Play Gift Card

    How To Get Cash From A Vanilla Visa Gift Card

    The answer to the question of how to get cash from a Vanilla Visa gift card is the same as how to convert any Visa gift card to cash: using one of the strategies mentioned in this article.

    That is, while you cant get cash from a Vanilla Visa gift card directly, nor can you transfer money or withdraw money from your Vanilla Visa gift card, there are several workarounds that have the same outcome.

    Convert Your Visa Gift Card To Cash By Selling It To A Website

    There are plenty of websites that will pay cash for your Visa gift card. In addition to the ones mentioned above that have apps for this, there are also others like Gift Card Granny, CardCash and more.

    If your gift card is digital, then the process can be instantaneous. But even if you have a physical card, some of these sites will pay for your postage to send them the card, so you wont end up losing any money on that front.

    Like with the apps, the sites will take a fee based on a percentage of the balance of the card, so make sure you know just how much this is before agreeing to the sale.

    Also, it can be a good idea to do some searches for the site youre considering using, just to get the most up to date reviews on whether other people have had a good experience with them.

    Can I sell a Visa gift card to other people?

    You can definitely sell a Visa gift card to other people, but youre probably going to have to accept less money than the balance on the card to make it worth their while to buy it from you.

    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.

    Recommended Reading: Do Visa Gift Cards Have Fees

    Should You Liquidate Your Gift Card

    When deciding whether or not to liquidate your Visa or Mastercard gift cards there are some factors to consider. First the pros of liquidation:

    • You have the cash in your hand or bank account
    • The full amount of the gift card can be used once exchanged for cash, after all, how often do you end up with a gift card with a few dollars left on it that never gets used?
    • Once you have the cash you can use it for whatever you need such as paying off debts, investing, or adding to a savings account or emergency fund
    • Cards often have expiry dates or may charge a fee if not used within a certain timeframe, once converted to cash you dont have to worry about this as cash doesnt expire

    The pros of liquidating a gift card usually outweigh the cons. Sometimes keeping a gift card is best though. Here are the cons of liquidating a Visa or Mastercard gift card to help you make a balanced decision:

    • You get to spend the full balance as liquidating can mean losing part of the balance due to fees and other related costs
    • Can be time-consuming to find a workable liquidation solution

    In the next section, you can read about some of the best ways to convert a gift card to cash. This will also highlight that sometimes you can lose out on the value of a gift card. Reasons for this include either having to pay a flat fee to convert the card or only receiving a percentage of the gift card value in return for exchange.

    Can You Redeem Gift Cards For Cash

    Can I Get Cash Off My Visa Gift Card?

    A gift card is a great gift for those who are difficult to shop for. Sometimes, however, cash is much preferred over a gift card. Luckily, there are several things you can do to turn your card into cash. You can sell your gift card, trade it in for cash, or use your gift card to gain points that will save you money.

    Also Check: Where Can I Find Wayfair Gift Cards

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

    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.

    Use Your Gift Card To Buy A Money Order

    There are stores, including Walmart and several grocery stores that allow the purchase of money orders using your gift card, but the availability of this offer varies per region. Once done, the money order can then be deposited into your bank account and be used as cash.

    However, you should not overdo this because some banks shut down accounts with too many money order deposits.

    Recommended Reading: Can You Buy Gift Cards With Store Credit

    What If I Think The Offer Is Too Low Will It Take My Card

    Though you enter the card information to find out what the offer will be, youre not obligated to accept it. If you like the cash back offer, then you complete the transaction and deposit the gift card into the kiosk when asked. If you dont like the offer, decline it, cancel the session and keep your card.

    Tips On How To Sell Gift Cards

    Turn Your Visa Gift Card Into Cash 2017

    Have the following in mind when you sell gift cards instantly.

    • Sell gift card online instantly instead of physically to avoid shipping costs.
    • It is also possible to sell gift cards online instantly that are partially used and if possible, opt to trade a gift card instead of selling it.
    • Finally, since gift cards do not have expiry dates, you can wait to sell it at your preferred price.

    Recommended Reading: How To Withdraw Cash From A Visa Gift Card

    Where To Sell Your Gift Cards Near You

    If youre wary of online scams, dont consider yourself a technical wizard, or simply want to feel those dollar bills in your hand as quickly as possible, you might prefer to sell your gift card at a physical location.

    Gift card exchange kiosks are bright yellow machines that instantly give you an offer for your gift card in the form of cash. Youve probably seen them in your local supermarket.

    Heres where to find them.

    Convert Gift Cards Into Cash

    Visa and Mastercard gift cards are popular for predominately two types of situation:

    • To be given as a present
    • For shoppers that want to save money as there are often incentives linked to the gift cards

    Both of these situations are adequate reasons for buying a gift card and gifting them to someone. However, if you are the recipient of a Visa or Mastercard gift card should you keep it? Or are you better off exchanging the card for cash instead?

    Incredibly, 10% to 19% of gift card balances remain unredeemed and around 6% of gift cards are never even used at all

    In many cases exchanging a Visa or Mastercard gift card for cash will be the better option. Here are a few reasons why:

    • Cash has no expiry date
    • You can spend the full amount, with a gift card you could lose any that you havent used, or if you use it online you could lose part of the balance on delivery fees
    • Cash is always acceptable, if there is a disaster you know you can buy what you need with cash
    • Cash can be used for anything including adding to savings, investments, or paying down debts whereas gift cards are limited to making purchases

    For these reasons, most of the time cash is superior to a gift card. Later you can learn 11 of the best ways to convert Visa or Mastercard gift cards into cash. Before that, what is a Visa or Mastercard gift card?

  • Convert Visa and Mastercard Gift Cards Into Cash
  • Read Also: Where Can I Sell My Nike Gift Card

    What Is A Vanilla Visa Gift Card

    A Vanilla Visa gift card is a prepaid card that you load money on to. These gift cards can then be used to make purchases in-store or online. Can you still liquidate a Vanilla Visa gift card for cash? Yes, you can still exchange a Vanilla Visa gift card for cash. You are unable to transfer balances directly from the card to your bank account. However, some methods listed above can be used to convert the card into cash. This includes swapping for cash with a family member or selling the card to a friend.One way to earn free Vanilla Visa gift cards is through Swagbucks. Complete various activities to earn points and exchange them for gift cards.

    Pay With Gift Card Instead Of Cash

    Can you exchange a walmart gift card for cash ...

    The first way to convert a gift card into cash may seem obvious. Use the gift card to pay for something that you would normally use cash for. This means the bill is paid, but you still have the cash to spend!

    Keep in mind that credit card fees may apply when paying with a Visa or Mastercard gift card. Check that first to make sure it still makes sense to pay with the gift card. If it does, then go ahead with the payment and now you have the equivalent cash remaining in your bank account.

    Also Check: Where To Buy Hellofresh Gift Cards

    RELATED ARTICLES

    Most Popular