Getting Cash Back From A Visa Gift Card
Yes, conveniently there are some ways that you can get cash for your Visa gift card and we will go through them today. By now, you probably already know that there are a handful of ways to get your hands on Visa gift cards for basically free:
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Then, you can convert them to cash using the methods below:
What Gift Card Can Be Used At Atm
Because Visa gift cards are sold by a wide variety of retailers and banks, it is important to make sure youre contacting the right company. You can also look for the Cirrus or Interlink logo on the back of the card. These insignias indicate that you can indeed use your card at an ATM to withdraw the cash you need.
How To Get A Vanilla Visa Gift Card For Free
Are you looking for a gift card thats compatible with all retailers? Then youre going to want a Vanilla Visa gift card. These gift cards are part of a new line-up released by Visa and can be used by your friends and family to make purchases through platforms like , and more.
Want to bring home one of these gift cards free of charge? Read on to learn how!
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Is A Visa Gift Card The Same As Cash
A Visa gift card is definitely not the same as cash as it has some limitations. For example, you cannot use a gift card at an automated cash machine to get cash.
You are therefore limited to paying using the card all you can use the tips or workarounds mentioned in this article to get the cash from the gift card.
But it should be clear that you cannot directly get cash from the gift card. When you use a gift card you are drawing the money from a bank account that is set up by a bank and managed by whatever company issued the card.
How Can I Cash In A Gift Card
If you are looking for ways to exchange your gift card for cash, you can actually do that online. One of the faster and legit ways you can get cash for a Visa gift card is by selling it on platforms such as Gift Cash.
With this site, you can sell your unwanted gift cards by submitting the gift cards corresponding merchant and balance. After that, Gift Cash will submit an offer to you, and if you accept the offer, they will process your payment and send you cash.
You can also check out selling your unwanted gift cards on Gift Card Granny. This site has been seen in Forbes, NBC News, Oprah Magazine, and much more.
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Sell It On A Gift Card Exchange
Another way to exchange your Visa gift card for cash is to just sell it.
There are numerous apps and websites that let you sell Visa gift cards for cash. The only downside to these is they tend to take a pretty hefty commission, so its best to try other avenues first.
One reputable website you can use is Raise, which lets you sell unused, unwanted gift cards, including Visa gift cards.
If you did want to give this method a shot, definitely try out Raise.
Its available via browser, but they also have an app if thats easier for you.
Raise actually works with Prepaid 2 Cash to let you convert your Visa gift cards to cash, but its a secure and quick way to get some extra cash in your hands.
Before selling, remember to shop around to check what the commission percentage is to find the best platform to sell your Visa gift cards!
Add The Balance To Your Venmo Account
Like using PayPal, another way to get cash from a Visa gift card is to transfer the balance to your Venmo account and then send those funds directly to your bank.
Keep in mind, immediately transferring money from Venmo to your bank account results in a small fee, so its best to wait a few business days so you dont pay fees.
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Where Can I Trade In Gift Cards For Cash
Most of the ways listed in this guide allow you to trade in gift cards for cash. To get cash in your hand, sell them to friends or exchange it at a kiosk. Add the balance to PayPal or cash app and transfer it to your bank account.Sell the gift cards via apps such as Raise and once sold withdraw the balance to your bank account. Visit participating stores and use the gift card to buy a money order which can be deposited into your bank account and you now have the cash to use. Ultimately all methods result in you getting cash, but some will deposit into your bank account rather than cash in hand. Just remember that fees may apply depending on the method you use and to check these before completing any exchange.
What Is A Gift Card
A gift card is also a type of stored value card loaded with funds for future discretionary use. Only it contains a specific amount of money. Once this sum is spent down, the card can no longer be used. Gift cards also have expiration dates, which are often much shorter than that of prepaid cards.
Gift cards can be purchased in several different formats. The most familiar type is what’s technically known as a closed loop card: It is good only at a particular merchant or certain retailer and bears that outfit’s name and logo. Some retail groups will allow the same gift card to be used at any of their affiliated stores.
Gift cards began with specific stores. Now, however, many of the major charge or credit card issuers, like American Express, Visa, Discover, and MasterCard, are also offering gift cards, good anywhere the regular plastic is accepted. Known as open-loop cards, these are most easily confused with prepaid debit cards, especially since some of them are reloadable as well. These cards may carry a one-time activation fee.
|Prepaid vs. Gift Cards|
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Gift Card Terms And Conditions
Exchanging gift cards for cash using one of the listed methods is extremely simple. In most cases, you can have the cash quickly and with no fuss.
However, to successfully liquidate gift cards for cash it is important to keep in mind the terms and conditions of the gift card. Terms and conditions could include:
- Expiry date Make sure the card is valid and check existing cards to know when they expire
- Inactivity fees Some cards may charge a fee if not used within a certain time, check this to avoid charges
- Non-transferrable Although rare, some cards may not allow others to use them
- Specific retailers Certain cards may only be redeemable at specific retailers
This list isnt exhaustive, but these are the main terms and conditions to be aware of. If you manage your gift cards, then you can avoid things like missing out due to the card expiring.
Whenever you get a gift card its worth checking the terms and conditions for any exclusions that may hinder liquidating for cash.
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Dont Stress Over Contacting The Customer Support Repsrely On Donotpay
Many users complain that the Vanilla gift card customer support is impossible to reach because they rarely pick up the phone. If you want to avoid getting stressed dialing their number multiple times and navigating the complex phone tree, we can help you.
DoNotPay will hold the line for as long as needed and connect you with one of the representatives. Youll be notified as soon as one of the customer care agents picks up the phone.
Other than contacting the Vanilla gift card customer support specialists, DoNotPay can also help you get in touch with other large companies, such as:
Add It To Your Paypal Wallet
PayPal lets you add prepaid cards, including Via gift cards, to your PayPal wallet. What this means is that youre then able to treat the balance like cash, by using it to purchase things from any merchant that accepts PayPal which is most major ones, these days.
How can I get money off of a gift card through PayPal?
To get money from a Visa gift card to PayPal accounts, just do the following:
Theres a chance that you may get an error when trying to do this. If that happens to you, you may have to first register the card with the issuer so an address is linked to the Visa gift card. After that, PayPal should have no problem accepting it.
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Can You Take Money Off A Gift Card
Sadly, probably not. You cant 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 thats 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.
How Do You Use A Prepaid Visa Card
Once youve added funds to your card, you can spend that money or withdraw it in cash at ATMs. To buy something in-person, just swipe or insert the card at the point of sale. If youre shopping online, type in your card number. At an ATM, just insert your prepaid card like any other bank card and withdraw cash.
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Need Some Extra Money Find Unclaimed Funds Or Get Compensation
DoNotPay can help you overturn your parking tickets, apply for a college fee waiver, lower your property taxes, and get free raffle tickets. We can also show you the best way to discover your unclaimed money and obtain different types of refunds and compensation involving airlines, gift cards, and late deliveries.
How Can You Get A Free Vanilla Visa Gift Card
Want to give a Vanilla Visa gift card to a friend or loved one this year? Swagbucks can help you secure one of these visa debit cards free of charge. How? When you sign up for a Swagbucks account, youll have the opportunity to take quizzes, watch videos and play games in exchange for points. Once you earn enough points, youll be able to cash those points out in exchange for a gift card.
Ready to get shopping? Sign up for a Swagbucks account today.
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Use The Visa Gift Card To Pay Your Bills
The next method, which is as good as getting liquid cash, is using the gift card to cover your bills. This can be done with the free service called Plastiq as mentioned above.
You can do this in the following ways:
Pay large bills like your mortgage, car payment, and more
Since you would have used cash to pay for the installments of loans like your car loan or mortgage, using the card is as good as cash.
Some companies, such as Plastiq, allow clients to settle certain bills through credit cards.
And, since Visa cards are perceived as credit cards, you can use them with companies that allow payment by credit.
However, you should know that since the company will treat the card as a credit card, the card will incur slightly fees. Its completely free to sign up and try.
Pay everyday bills
Besides using the cards for larger bills, you can also use it to settle regular bills or, better still, make some local purchase with the Visa gift card.
This is possible since, in most cases, Visa gift cards are acceptable in stores that accept normal Visa cards.
Also, billers who accept the use of credit cards will, in most instances, take the gift card as payment.
See Related: 10 Ways to Get Money
Easy Ways To Convert Gift Cards To Cash
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Do you have a Visa gift card that you wish to exchange for cash? Here are several easy methods you can use to convert gift cards to cash.
Visa gift cards are a great way of saving on shopping. Most are sold during promotions where stores offer incentives for shoppers to buy and use them. However, sometimes people need to convert a Visa gift card to cash.
Well, no cause for alarm.
If you wish to convert your gift cards to cash, there are numerous ways to do it.
In this article, we will explore the most feasible ways available to convert that Visa gift card to liquid cash.
But why would you want to convert your Visa card? Well, there are a number of reasons why someone may wish to do this.
If you are like me and check your net worth on Personal Capital daily, you likely think gift cards are a waste of time and space. Why carry virtual money when you can have cold hard cash to invest or pay down debt?
These Visa gift cards cannot be used to withdraw money at an ATM, which therefore makes them somewhat inflexible.
Preferred Method for Converting Plastiq
Our preferred method to use to convert a Visa card is with Plastiq. Its completely free to join and you can pay for anything with credit cards. Even where credit cards arent accepted.
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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?
Get A Merchant Refund
In my opinion, this is the easiest and best way to get cash for your Visa Gift Card, however, it may be a bit unethical. All you would have to do is buy something from a retailer with your Visa gift card and return it a few days later.
Some stores will process your return and give you cash since you paid via debit. This method is pretty simple too and is not against store policy. This may be the best way to get cash back, the entire amount too, from your Visa gift card. The best part is that you get to walk away with cash!
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