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Can You Pull Money Off A Visa Gift Card

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

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

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.

Will My Credit Card Work In An Atm

Nearly every credit card allows you to borrow cash with cash advances, however it is probably not a good idea. After all, fees and high interest rates are a great way for issuers to make money, as you can see in this example.

Check the cardholder agreement that came with your card to make sure. If you see a Cash Advance APR and Cash Advances Fee, then you can probably get a cash advance with that card. It might look something like this:

Check your credit card statement. If you see a cash advance credit line or cash advance credit limit, thats the maximum amount of cash you can take out. Its important to know what this is so you dont try to withdraw too much. The credit limit for cash advances is usually smaller than your cards credit limit for regular purchases.

If you dont have your credit card terms or a statement handy, you can call the phone number on the back of your card to ask if your account allows cash advances and the limit of your cash advance line of credit.

Otherwise, provided you have enough available credit, the only thing that would prevent you from being able to access a cash advance on the fly is if you didnt know your credit card PIN.

You may have received a PIN when you initially received your new credit card in the mail, or you may have had the option to create your own custom PIN online or by phone.

Alternatively, you can always call the customer support phone number on the back of your credit card for assistance.

Insider tip

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!

Read Also: Do Airlines Sell Gift Cards

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:

  • SurveyJunkie: Is known as the #1 paid survey site. Take paid surveys anytime and anywhere via PC, Laptop, Tablet, or Cell Phone. Join SurveyJunkie Now
  • Nielsen: Will pay you $50 a year to keep their app on your favorite internet-browsing device.

Then, you can convert them to cash using the methods below:

Can You Get Cash Back From A Visa Gift Card

Can You Add Money To Vanilla Visa Debit Gift Card?

Disclosure: This post may contain affiliate links, meaning I get a commission if you decide to make a purchase or sign up through my links, at no cost to you. Please read our disclaimer for more info.

How to get cash from a Visa gift card? If you want to get cash from a gift card, you may have some options. Here’s how you can convert gift cards to cash.

There are a lot of ways to make money online and a lot of these sites payout in Visa Gift Cards, which is the second-best option if they dont offer payment through Paypal. While its still money its definitely not as good as cash.

So what do you do when you want to convert a Visa gift card to cash?

Well, if you want to get cash from a Visa gift card, you may have some options.

Lets get started.

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Gift Card Fundraising Suggestions

Gift cards have become an increasingly popular product for fundraising. In fact, I cant say Ive seen a fundraiser lately that didnt contain some type of gift card. From the auction-style fundraiser where participants bid to win gift cards to raffles that include gift cards as prizes to charitable gift cards that make a donation based on sales, people like to win and buy gift cards as a way to give money because doing so typically includes getting a portion of your money back. You also have the opportunity to customize what the ultimate prize will be. In other words, just like donating gift cards is good for business, buying gift cards is a great way for consumers to contribute as well.

Below are just a few examples of effective gift card fundraisers.

Check out this list of ways were raising money for the St. Baldricks Foundation.

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.

Free

  • 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

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What Visa Gift Cards Can Be Used At An Atm

If you currently have a Visa gift card and want to know if you can use it directly at an ATM, the short answer is no. Because these types of gift cards are coded to be used in stores or at restaurants, you cant directly get money from an ATM from them.

You can, however, use some of the methods listed in this post such as selling the gift cards for cash on places such as Facebook Marketplace or Gift Card Granny.

Transfer The Balance Using Square

Can You Get Cash At ATM With Vanilla Visa Gift Card

You can try using a company called Square to transfer a Visa gift card balance to your bank account. This method allows moving the entire gift card balance right into your account.

However, it may not work for everyone as the company Square has caught on and doesnt allow it. If you wanted to give this method a shot, there is an explanation here.

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How To Use Up Remaining Balances On Prepaid Gift Cards

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Sell Gift Card To A Friend

An easy and quick way to convert a prepaid card to cash is to sell the gift card to a friend. If you have gift cards you want to liquidate into cash, ask your friend groups if they want to buy it.

The benefit of selling a gift card this way is that you can avoid paying any commissions or fees that are normally charged when selling a gift card online.

To make it worthwhile for the buyer It would usually be a simple case of offering the gift card for a little less than the value on the card. For example, the gift card has a $20 balance, you could ask for $15 cash for it.

Pro Tip Hit up your Facebook friends for a fast turnaround time on converting your gift cards into cash. You would be surprised how many people will reply when you offer a small discount!

Using this method to convert a visa gift card to cash is quick and easy. You will have the cash straight away to use for your own needs.

Also Check: How To Buy Online With Vanilla Gift Card

Buy A Money Order With Gift Card

One great way to convert a Visa or Mastercard gift card to cash is to buy a money order. Many stores, including major outlets such as Walmart, allow you to purchase money orders. This does vary depending on the area so check with your local store first.

Please note: Not all stores allow money orders to be bought with gift cards. It is best to check before going to save a wasted journey.

Once you have purchased a money order, you can then deposit the order into your bank account. Now that the gift card is cash in your bank account you can use it for anything you like.

If you choose to buy money orders, there is a warning you should heed. Some banks will shut an account down for depositing too many money orders. This could lead to suspicion of committing an offense called Structuring.

Structuring is a serious offense that can lead to a fine or even imprisonment.

Structuring, also known as surfing in banking industry jargon, is the practice of executing financial transactions in a specific pattern calculated to avoid the creation of certain records and reports required by law.

This means you need to think carefully about using this method to convert gift cards to cash. If you use it occasionally, then its likely fine. However, extensively using this method could lead to the closure of your bank account and possibly criminal charges.

How To Get Cash From A Prepaid Visa Debit Card

Can you get cash off a visa gift 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.

Recommended Reading: What To Buy With An Apple Gift Card

Can You Get Money From Selling Your Gift Cards

The answer is yes. The first consideration is that you may want to sell your gift card to friends and relatives first. If they dont want it, you can turn to a number of websites like Prepaid2Cash or MyGiftCardPlus to sell your gift card.

Just make sure that the site is legitimate so that you dont end up getting scammed out of more money or lose your gift card.

Also make sure that by the time you do sell your card, that it hasnt expired. The last thing you want is to sell your gift card to someone and have it be completely expired.

To ensure this doesnt happen, list your gift card weeks before the expiration date to ensure you have enough time to sell it.

Sell The Visa Gift Card Online

In addition to Raise.com, there are some additional sites that you can sell your Visa gift cards on. Check out the sites below.

  • Gift Card Granny: This site has been seen in places such as Forbes, NBC, and Oprah Magazine. On this site, you can sell your unwanted gift cards, and its not limited to just Visa gift cards. You can sell any type of gift card from stores you may have laying around your house. to check out Gift Card Granny.
  • Gift Cash: Like Gift Card Granny, this site lets people sell their unwanted gift cards and send them payment for it. This site is great because they are constantly updating their list of accepted merchants. So if you happen to have a gift card that isnt on their list, you can just let them know and they will look into adding them to the list.
  • Card Cash: With Card Cash, you can sell your gift cards on this site or buy discount gift cards to save money quickly.
  • Game Flip:Game Flipis another site where you can sell unwanted and non-reloadable gift cards to earn cash.

Also Check: Where To Sell Apple Gift Card

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.

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

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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.

Also Check: Where Can You Buy Apple Store Gift Cards

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