Can You Turn A Visa Gift Card Into Cash In Hand
Some of these options are better than others at turning a Visa gift card into cash in hand. In fact, this will really only be the outcome when youre trading your card in in-person, such as when selling it to someone or converting a Gift Card Kiosk voucher into money.
However, having the money added to your PayPal or bank account is as close to cash in hand as you can get. Simply add the extra step of going to withdraw it and youre on your way.
What You Can Buy With This Gift Card
When you redeem an App Store & iTunes Gift Card, you can make purchases with your Apple ID balance, including apps, games, iCloud storage, subscriptions like Apple Music, and more. But for some purchases, Apple ID balance can’t be used. Learn what you can buy with your Apple ID balance.
On an Android device, you can use your gift card to buy an Apple Music subscription. To make purchases from the App Store, Apple Books, or the Apple TV app, use an Apple device.
What Is A Visa Or Mastercard Gift Card
Visa or Mastercard gift cards are often sold by stores as part of a promotion. They usually offer higher rewards, immediate discounts, or mail-in rebates as part of the promotion. The discounts usually mean the purchaser makes a profit as the discount is often higher than the card purchase fee.
As well as receiving a discount, some cards give up to 5x more points or cash back at participating stores. A combination of discounts, promotions, and bonuses can mean some Visa or Mastercard gift cards give a fantastic return to the purchaser.
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Using Cash App For Discounted Gift Cards
Launched in 2018, Cash App Boosts allow users to receive discount at select merchants for using their Cash App debit card. For example, one of might be for 10% off DoorDash orders. Similar to credit card offers, Cash App Boosts have a definitive end date and, typically, a max discount . Therefore, in order to maximize the benefits, you would buy a $50 gift card and get the full $5 savings. Contrary to most credit card offers, Cash App is unique in that some offers can be reused multiple times. For instance, that DoorDash offer is/was usable every hour. Its also worth noting that you can only add one boost to your Cash App debit card at a time.
Note: Cash App debit cards are free to request and have no ongoing maintenance fees.
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?
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Shopping Online With Your Visa Gift Card Always Use The Honey Browser Extension
The Honey extension is a free tool that automatically scans thousands of potential vouchers, codes, and discounts so you dont have to! If there is money to be saved, Honey will find it and automatically add it to your cart!
This method could be used for anything that you normally pay with cash. Provided the vendor accepts Visa or Mastercard, then you can do this. You could use gift cards to pay large bills, small bills, or just for your regular purchases at the local store.
Whatever you use the gift card for, you now have the equivalent amount of cash still that you can use for any purpose. The cash could be saved in the bank, used to pay other debts, or added to an investment account.
Sell It On Facebook Marketplace
If you are looking to convert Visa gift cards to cash consider joining Facebook Marketplace to sell them. You can check out Facebook Marketplace to sell and buy unwanted gift cards. This is a pretty awesome way to get cash in exchange for unwanted gift cards.
My recommendation for selling on Facebook Marketplace is to make sure to put up high-quality images of the gift cards you want to sell. Additionally, make sure you know the correct balance on the card before you post it.
My recommendation for buying items on is to first make sure to read reviews of the seller. Ideally, you want someone with 5 out of 5 stars.
You can see a sellers rating by clicking on the item that they are selling and looking under the sellers information. If someone has a bad rating, skip getting any items from that person to save yourself the headache.
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Will Cash App Work With A Prepaid Card
When it comes to smaller and more personal payments, cash still rules. That said, virtual payment apps like Cash App make splitting the dinner bill less of a hassle.
A significant benefit of using Cash App is that there are no monthly fees on essential services. Also, you can connect almost any debit and credit card with your account.
But what about a prepaid card? Is there a way to connect it to Cash App, and if yes, are there any limitations? In this article, were going to tell you everything you need to know.
Can I Use My Edd Card On Cash App
You cant use a prepaid card on Cash App heres how to use a bank account or accepted card instead. You currently cant use a prepaid card on Cash App to add funds to your account. Cash App accepts linked bank accounts and credit or debit cards backed by Visa, American Express, Discover, or MasterCard.
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Pay With Gift Card Instead Of 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.
Moola Buy & Store Gift Cards
Moola is a gift card wallet app that lets users keep all their store discounts and promos digitally. With this app, you will not lose any of your gift certificates since all of them will be stored in this safe and secure wallet.
Now, with the Moola app, you can also find store coupons using the built-in map. This way, you can check which stores you can save money from before you purchase anything. You can always check the best deals with just a few clicks.
The process of availing discounts is quick and easy with Moola. Just install the app, then scan and register your physical gift cards. Or, if you dont own any, you can still buy them using the app. Just search for the stores you want to gain gift cards from and select the amount you like. This way, once you go to those stores you have gift cards from, you can show your Moola app to the cashier, and they can apply your discounts.
Also Check: Where To Get Gift Cards Online
Buy From A Physical Store And Then Return The Item
The final method is one that many may feel uncomfortable with. Its included on the list as it is a valid way of converting a gift card to cash but there are some potential risks.
First, you would need to go to a physical store and make a purchase using the gift card. Once you have bought an item, you can return it and request a refund by cash or check. You will need to tell them you no longer have the gift card which is why the refund needs to be made by cash or check.
If all goes smoothly you now have the cash amount of the gift card in your hand. However, there are some potential pitfalls including:
This method isnt the best choice as it is time-consuming plus there are moral and legal implications. However, it is a way that means you can usually end up with the full gift card balance in cash.
Provided you arent breaking any laws this might be a good method to use occasionally.
Trustworthy Gift Card Wallet Apps
We have to be honest, the best gift you can give to anyone and for any occasion is a gift card. You wont need to worry if the person that is going to receive the gift will like it since they can choose their present.
But, what exactly are gift cards and what do gift card wallet apps do?
Gift cards, also known as gift certificates or vouchers, are used by shops like , eBay, , and many more boutiques as a substitute for money. Business owners distribute these cards to their loyal customers as a reward. And customers can also buy these cards if they want.
When customers use these cards, they wont need to pay using cash. They only need to present the gift cards to the cashier to confirm the payment. But these gift cards are only redeemable to the specified stores.
The best thing about gift cards is that they are transferable. You can give them to anyone, and they can use it to purchase items they like. So its no wonder that giving out gift cards as present is becoming a norm.
If you are like us, then you might also be having a hard time keeping track of all your gift cards. Sometimes, some of our cards go to waste since some of these cards have an expiration date.
So with this kind of problem, have you ever wondered how it would be like to have a digital wallet for your digital gift cards?
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.
Money In As Little As 15 Minutes
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How To Convert Visa Gift Cards To Cash
There are different methods to convert your Visa gift card into your cash App balance. The best option here is to add your Visa Gift Card to your PayPal wallet and move the funds to your Cash App from Paypal.
PayPal allows users to add prepaid cards, including the Via gift cards, to your PayPal wallet. So, basically, once you add the card to your Wallet, you can use the available balance from the gift card like cash and purchase things from any merchant accepting PayPal or even send it to other PayPal users.
In this case, we are trying to add the gift card balance to your Cash App. So, Transfer the money to your linked Cash App account.
Use Your Visa Gift Card To Buy Other Merchants Gift Cards
If theres a particular store you shop at that doesnt accept your Visa gift card for purchases, you can use this card to buy a gift card from the store where you want to buy something.
And if you look online, you can sometimes find these for sale for up to 20% off meaning youre getting 20% of the Visa gift card balance for free.
This could include stores like Amazon, Walmart or even Starbucks if you were planning to convert your Visa gift cards to cash simply to get a caffeine hit.
Alternatively, you could earn gift cards to all these stores and dozens more just by using an app like Swagbucks. Its basically like earning free coffees from procrastinating on your phone!
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How To Transfer Money From Visa Gift Card To Cash App
Do you want to transfer money from a Visa gift card to Cash App and wondering how to do it?
If thats the case, you have landed in the right place. This post explains how to transfer money from a Visa gift card to Cash App.
So lets get started.
Cash App is peer-to-peer money transferring mobile app that allows its users to send and receive money. Using the app is simple, just download the Cash App from the Play Store or App Store and register either with your email or phone.
You can start using the Cash App instantly after registering the account, but you will only be able to send $250 per week and receive only $1000 per month.
If you want to increase this limit, then you will have to verify your identity by providing your details such as your name, date of birth, and SSN. If you wonder why Cash App wants your SSN, you can read our dedicated post on why cash App needs my SSN.
Well, Cash App is not limited to sending or receiving money you can also buy, sell and trade stock on the app. You can even buy and sell bitcoins.
Moreover, the Cash App also provides you a debit card known as Cash App card, which is like a standard debit card that can be used to pay bills at both online and offline stores.