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Can You Take Cash Off A Visa Gift Card

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

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

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.

How To Transfer Gift Card Balances To Your Bank Account Using Cardcash

Yes, you can transfer money from most prepaid gift cards to your bank account using a service called CardCash.

Unlike most prepaid cards, gift cards are disposable and can only be used until the balance reaches zero while most prepaid cards are reloadable and can be used indefinitely.

Thankfully, weve found one proven method for transferring money from your gift card to your bank account.

You can use mobile payment services like CardCash to transfer your money from your gift card or prepaid to your bank account.

The catch? Its more expensive than just using the gift card or prepaid card to buy items. So make sure that its really the cash value that you want from the gift card.

To transfer gift cards to your bank account using the CardCash Option:

  • Go to this page on the CardCash website
  • Enter the gift card you have Ex: Walmart
  • Enter the amount on the gift card Ex: $100
  • Click GET OFFER and an offer for how much they will pay you will appear Ex: $88.00
  • If you accept the amount, click Get $88.00 Cash
  • There will be a pop-up window asking how you will like to get paid and choose PayPal Express
  • Enter your gift card number and PIN and continue to connect with your PayPal account
  • Log-in to your PayPal account and fill the required fields
  • Click Get my PayPal Balance
  • Once the balance reaches your PayPal Wallet, you can now transfer the money to your bank account by following these steps on How to transfer from PayPal to my bank account?
  • Differences Between All Visa Cards

    Before learning how to convert your Visa gift card to cash, you need to know which Visa gift card you hold.

    There are 6 different types of Visa cards.

  • Physical Visa Gift Cards
  • Five Back Visa Gift Cards
  • Vanilla Visa Gift Cards
  • Retail Visa Gift Cards
  • Depending of the types of Visa gift card you hold, there are many ways you can get cash out of it. Here are the differences between these Visa gift cards.

    Also Check: How To Win 1000 Amazon Gift Card

    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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    Can you withdraw money from a visa gift card

    If the balance does not fall below the state-mandated threshold or your state does not require cashing out miniscule gift cards, then the only thing to do is simply use the gift card.

    If you can, use the entirety of the gift card balance when you first redeem the gift card. Thats the easiest thing to do. If your intended purchase does not exceed the balance, look for a small item near the cash register to push you over the limit. Though Im not suggesting you spend the money frivilously, I do believe that it is better to buy something in the moment than to let the tiny balance go to wastewhich is what it seems most people do.

    I keep my gift cards next to the debit and credit cards I use most often. So whenever I am in a store, I am reminded that I have gift cards to spend. Here are my other tricks for remembering to use gift cards.

    Read Also: Can I Buy A Gift Card With A Gift Card

    Best Ways To Get Cash For Visa Gift Card

    • Pin

    Instead of receiving cash this year, you might have received a Visa gift card from a friend or a family member. But now youre wondering what to do with it or how to get cash for a Visa gift card.

    No matter if you want to sell your Visa gift card to get cash online instantly, or get the most out of your Visa gift card, Ive got you covered.

    In this article, I will also answer the most Frequently Asked Questions about Visa gift cards. So lets dig into it!

    Trade For Cash Using A Gift Card Exchange Kiosk

    Gift card exchange kiosks are located in supermarkets and shopping malls and are typically bright yellow in color. They can be easily located by doing a quick search engine look up. These can be easily used to get cash from a Visa gift card.

    Once you have identified a kiosk, you can follow the prompts on the screen to enter your gift cards information. Eventually you would receive a series of offers as a trade for your card.

    If you wish you can select the cash offer, if one is presented and to your liking. A voucher would then be issued to you to take to the cashier to redeem for cash.

    Though you would not be capitalizing on the full cash value of the gift card, the bottom line is you can get money off a Visa gift card by using a Gift Card Exchange Kiosk.

    We have made it even easier to find a Gift Card Exchange kiosk to convert your Visa gift card to cash. Just use our Gift Card Exchange Kiosk Zip Code Search below!

    All you need to do is enter your zip code in the search box and hit the button to find the Gift Card Exchange Kiosk nearest to you, ranked by real Google Reviews.

    Also Check: Can You Buy Casino Gift Cards

    What Prepaid Cards Work With Cash App

    What prepaid cards work with cash app? Cash App works with most of the government-enabled prepaid cards along with the debit and credit cards as long as theyre from Visa, American Express, Mastercard, or Discover and registered in your name.

    However, it is best suited to use a traditional bank-issued debit or credit card.

    Turn Your Visa Gift Cards To Cash By Buying And Reselling Items

    How To Add Visa Gift Card To Paypal Balance

    This may take a few extra steps to do but it may be the only other option on this list that lets you make money from converting your Visa gift cards to cash .

    As mentioned, most stores treat Visa gift cards like credit cards. This means that you can generally use them to buy items at almost any store, so keep an eye out for things that are either heavily reduced or in high demand.

    In both cases, theres a good chance you may be able to resell the item at a higher price than what you paid. This, in turn, will let you eventually get cash from your gift card.

    Related: Why Living Stingy Could Be The Key To Achieving All Your Financial Goals

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    How To Take Advantage Of The Five Back Visa Gift Card

    The Five Back Visa gift card is a great way to get more out of a Visa gift card. It allows you to get 5% cash back on every qualified purchase you make. There is a list of merchant partners that you can find online by visiting the Five Back Visa website.

    The activation fee for the Visa Five Back gift card is $6.95. It means that if you put more than $140 in your Five Back Visa gift card and purchase only at the merchant partners locations, you will make money out of it.

    Can I Get Cash Back From A Visa Gift Card

    If you have a Visa gift card and are wondering if you can get cash from it, the short answer is probably not. To fully answer the question, however, I need to clarify the difference between a Visa® gift card and a Visa Reloadable Prepaid Card. Both types of plastic may appear to be the sameboth carry the Visa logo and come preloaded with a finite dollar amount to spend. Thanks to a new law that went into effect in 2013, both now also come with a Personal Identification Number so they can be swiped as debit transactions on Point of Sale terminals. Though the two cards are similar, only prepaid cards can be used to get cash from an ATM or to get cash back from a merchant. Gift cards cannot. Read the terms and conditions on the back of your card to know for sure.

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    How To Get Money Off Of Visa Gift Card Through Paypal

    Here are the steps to get the money off from a Visa gift card to your PayPal wallet.

    • Log in to your PayPal account.
    • Choose the Wallet option from the top of the page
    • Select Link a card or bank.
    • Add your Visa gift card details. Then click on the Link Card tab.

    If it shows an error when you add the Gift card, maybe you should have first register the card with the issuer so an address is linked to the Visa gift card. After that, there should be no problem for PayPal to accept it.

    Use Your Visa Gift Cards To Buy And Resell Items For Cash

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    This method requires a bit more ingenuity and a few extra steps, but it can be worth it if you have a sales spirit.

    Basically, you can use your Visa gift card to purchase items on sale at lower prices and list them on platforms like eBay, craigslist, or even your social media account for sale.

    For instance, if you find a sale on wireless earbuds worth $80 going for $40, you can use your gift card to make the purchase and resell it for $60.

    You end up getting $20 more than you spent, and youve successfully converted a portion of your gift card into cash.

    This works really well if you have a knack for finding the best deals, promotions, and discounts on items.

    Whats more, some online payment sites like PayPal allow you to make purchases using your prepaid gift card even without having an account, making it less of a headache when its time to make a purchase.

    Recommended Reading: How To Pay For Apple Music With Gift Card

    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.

    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.

    Recommended Reading: Can You Refund A Visa Gift Card

    Buy Items On Sale And Resell

    One cool way to liquidate Visa gift cards is to use them to buy some stuff that is on sale and reselling those items. I know of people who take advantage of Boxing day sales to buy things like clothes.

    Just a few minutes of a Google search can alert you to some amazing deals that you can take advantage of. You can for example for words like, closing down sale, sale everything must go. And similar words to find bargains in your area.

    It is then just a case of whether you have enough money in your Visa gift card to afford the goods being sold. You can then use that money on your card to buy something you can resell at a profit. I have seen sales that offer a 50 percent discount.

    As a result, you will thereforenot only get cash but get even more money if you can resell at a profit.

    I know some of you might not wantto follow this method as it is time-consuming.

    However, the fact is that nothingcomes for free in this world.

    If you want to do well in thisworld and make extra money you have to be willing to put in the time.

    Related: How To Flip Items For Profit

    Can You Get Cash Back From A Visa Gift Card

    How To Turn Visa Gift Card into Cash

    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.

    Read Also: How Do I Use An Uber Gift Card

    Can You Add A Prepaid Card To Cash App

    Can you Add a Prepaid Card to Cash App? No Prepaid cards can be added and cant be used to make Cash App payments. With Cash App, youre limited to a bank account and a standard debit/ credit card. Currently, only Venmo and PayPal are accepting prepaid cards.

    If you are looking to transfer your Cash App funds to your bank, you can do so by free ACH transfers of your balance to a bank account using a routing and account number.

    In this case, a prepaid card should work if it is entered as a bank account.

    NOTE: Government Enabled Cards are Supported by Cash App.

    Transferring The Gift Card Balance

  • 1Charge the gift card balance on Square. The gift card will be authorized, the card’s balance will fall to zero, and the funds will be deposited by Square into your bank account within one business day.
  • If Square does not allow the transfer, you will see a note that it is against their policy to transfer a Visa gift card balance. They will still charge the 3.5% or 2.75% fee to your bank account, and the balance will get credited back to the Visa gift card.
  • 2Check your bank account for the money. It should take just one business day for the money to show up in your account. Allow an extra day if you made the charge later in the day, some banks also take time to process it. The transaction could show up as a pending deposit and may not have immediate availability. Check your bank’s policies online or with your branch.
  • A bank’s stated policy is typically the worst case scenario for your fund availability. It is often faster than the stated time frames.
  • 3Check the Visa gift card balance. The Visa gift card should have a zero balance if you successfully transferred the funds. However, if Square rejected the transaction, you will need to check the balance and make sure the fund were returned to the Visa gift card.Advertisement
  • Read Also: Does Goodwill Have Gift Cards

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