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Can You Take Cash Out Of Visa Gift Card

Transfer The Amount To Venmo

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

Similar to the PayPal option, you can also exchange your Visa gift card for cash using Venmo.

If you have a Venmo account then you can add your Visa gift card to your Venmo balance and either use it as cash through Venmo or transfer the cash to your bank account.

In fact, using Venmo is better than PayPal when cashing out to your bank account because with Venmo you dont have to pay fees as you do with PayPal!

Just add your Visa gift cards to Venmo and then transfer the balance to your bank account, its that easy.

This is one of my favorite methods to use to exchange Visa gift cards for cash! You do need a Venmo account but its free so definitely consider using this method.

How To Use A Visa Gift Card At An Atm

Visa gift cards are like prepaid credit cards. You can purchase one for yourself or, as the name suggests, for a gift. These cards come preloaded with an amount of money and usually can be refilled, too. These cards can be used at all retailers that accept credit cards with the Visa logo. However, only some gift cards can be used to withdraw cash from ATMs.

Tips

  • Although Visa gift cards are universally accepted at retailers who accept Visa credit cards, there are very few gift cards which can be accepted by ATMs for cash withdrawal. You should review the terms of your gift card in order to determine whether or not this action is possible.

Simple Options To Convert Visa Gift Cards To Cash

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Receiving gift cards is great but making sure youre actually able to use the balance is the best part of all. Thats why seeing how to convert Visa gift cards to cash can be a great way to make sure that you use whats on the card with the added flexibility of being able to spend the balance anywhere!

Perhaps you were given the card as a gift or you bought it as part of a promotion. The latter is pretty common, as youll often find stores that offer discounts or bonus deals if you buy Visa gift cards from them. This can, in turn, save you a good amount on the actual value stored on the card.

You could even have gotten it by having earned it yourself! Sites like Swagbucksoffer this from time to time, by letting you earn Visa gift cards for free by watching videos, playing games and searching the internet.

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But now that youve got the card, you may be struggling to figure out what to do with it. Or you could just prefer to have straight up cash to be able to use it how you want.

  • Final thoughts on converting Visa gift cards to cash
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    Give Out The Visa Gift Card As A Gift

    Sometimes, you may be required to give a gift to a friend or a family member for special occasions such as weddings.

    Since the prepaid Visa gift cards are usually bought in denominations of $100, $200 or $500, it can be an excellent gift and will essentially serve as cash.

    Instead of giving a check, a Visa gift card is just as good.

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    Use The Visa Gift Card To Pay Your Bills

    Can You Use Walmart Visa Gift Card On Cash App

    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. It’s 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.

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    How Much Does It Cost

    Youll pay a fee based on the amount you are sending. For amounts less than $200, MoneyGram charges you a base fee of $1.99. For amounts above $200, it charges $1.99 + 1% of the transferred amount.

    For example, if youre going to send $500, the fee will be $1.99 + $5, for a total of $6.99.

    You can estimate the fee before you send the money by using the fee calculator on the MoneyGram homepage.

    Easy Ways To Convert Gift Cards To 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 my disclaimer for more info.

    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. It’s completely free to join and you can pay for anything with credit cards. Even where credit cards aren’t accepted.

    Free

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    Transfer Visa Gift Card To Your Venmo Account

    Just like PayPal, youre able to link your prepaid gift card to your Venmo account and transfer the funds to your bank account.

    The process is straightforward and only requires that you access Payment methods in the settings section within the app.

    Youll be able to link your card by following the prompts that follow.

    Whats great about Venmo is that it doesnt charge a fee for a standard transfer, but if you opt for an instant transfer, it will only charge 1% of the value of the transaction, which makes it similar to PayPal .

    In terms of the waiting period, standard transfers can take one to three business days for the funds to be deposited into your account, while instant transfers take 30 minutes.

    Add Visa Card To Your Paypal Wallet

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

    PayPal is built to enable its users to transact entirely online for a fee. Normally, the service charges a fee that is equivalent to 3% of the transaction value.

    Additionally, you can use prepaid Visa cards to send money through PayPal. What this means is that you can use your card balance to buy items from any merchant that accepts PayPal.

    As such, you have the power to transfer money to your linked bank account or send it as a gift card to fellow PayPal users. Alternatively, you can sign up for apps such as Ibotta and earn free cashback that you can withdraw to your PayPal wallet- which is as good as cash.

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    Sell Your Visa Gift Card

    You may not able to get the cash from a Visa gift card in the traditional ways like at an ATM or cash back after a purchase, so you can consider selling it online.

    You can sell it on sites like Raise, CardCash, Giftcard Zen, and Cardpool thatll buy your Visa gift card in exchange for cash. If your gift card is a virtual one, you can get instant cash for it.

    You can also opt to cash it out through an app called Prepaid2Cash or find a gift card kiosk near you. The Prepaid2Cash app makes getting cash for your prepaid cards and gift cards easier than ever before.

    Prepaid2Cash charges the lowest fees in the market and you can choose to receive your money the next business day or in 4-5 business days. It is available for both iOS and Android devices.

    One: Find Out If Your Prepaid Card Can Be Used Anywhere Or Is Limited To Participating Merchants Only

    Visit your prepaid card companys website and look at the cards features. Can it be used anywhere that regular debit cards are accepted?

    For example, certain cards have the following features:

    The Card can be used to purchase merchandise and services anywhere Visa debit cards are accepted in the United States.

    However, other cards are only limited to participating merchants:

    Your Card can be used to purchase merchandise and services at any grocery store, specialty foods store, food truck or online food retailer in the US where Visa debit cards are accepted.

    If your card can be used anywhere in the United States , then you can move on to step two. Otherwise, read our section on transferring gift card balances to your bank account.

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    How Can You Get Cash From A Prepaid Debit Card

    You can get money from your prepaid card account. If you received payment from your parents, friend, relative, or an employer, you could get the money in cash if you wish so. Prepaid cards are accepted at ATMs so long as there is a sign indicating that the card service provider is accepted. You will always see signs indicating `Visa card accepted here or `MasterCard accepted here and so on.

    Another trick will be sending money to someone elses bank account to give you the money in cash. The place you live in may have no ATMs or banks, and you need the money. The person may require you to send the money plus something on top as an appreciation.

    You can get cash from your prepaid card by getting money back from merchants as you purchase goods and services. Cash backs depend on the volume of products purchased and the items purchased as well.

    Can You Transfer Money From A Gift Card To A Debit Card

    Can You Use Target Visa Gift Card On Cash App

    While you cant directly transfer money from a gift card to a debit card, there are ways to achieve this with a few extra steps. For example, if you add your Visa gift card to your PayPal wallet and then transfer that money to your own account, youll have access to that cash via your debit card.

    Similarly, by selling the card through an app or a website, the company that buys it from you will either transfer the money that you make to your bank account or may send you a check. Either way, the money will then be in your account and ready to be used by your debit card.

    This means that while its not strictly the case that you can transfer money from a gift card to a debit card, the workarounds are super straightforward to do.

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    Use A Gift Card Exchange Kiosk

    A gift card exchange kiosk is a dependable method to transfer Visa gift cards to cash. Look for machines within select grocery stores theyre often yellow machines that look like casino slots and make similar noises.

    The system requires that you enter the card information, such as card number and expiration dates. Youre then given a choice to get a cash-back offer.

    Once you accept, youll need to print the voucher and bring it to a nearby cashier. Thats usually all thats needed to do to get money through this method. If you have trouble with card swipes, ask for assistance.

    Not all grocery stores dont have a gift card exchange kiosk so its best to do a search first so you dont waste your time. What I like about kiosks is its a faster way to turn Visa gift cards into cash.

    Other methods take days before the transaction is complete. With kiosks, youll get your money almost instantly. Make sure you bring your identification just in case.

    I should mention exchange kiosks do take a small chunk of your proceedings. If you dont plan on using that Visa card anyways, its a reasonable sacrifice to make. Dont accept the offer if you dont like it you can always cancel before the process is complete.

    For more in-depth steps, check out this article that walks you through selling a gift card using an exchange kiosk.

    Why Is A Prepaid Debit Card Necessary

    There are various reasons why a prepaid card is crucial to you as an individual. First of all, the card ensures that your money is safe. Carrying cash in your pockets or wallets can be dangerous as thieves can rob you. Again, you may misplace the money as you walk around. You can have as much money as you wish in the card as long as you operate below your card issuers daily load limit.

    Moreover, you can use a credit card to buy goods and services. Most supermarkets and service stations accept card payment, and you can swipe to pay. Also, online shops accept payment by cards. Online stores such as Amazon and Walmart accept card payment for convenience. Transaction charges are minimal, and many people find it affordable.

    Another importance of a prepaid debit card is that you can send money from one person to another. The process is simple as it happens just the same way you transfer money from one debit card to another. You log into your account and send money. In the process, you need to have the account number of the recipient and probably, the full names to confirm.

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    Can I Sell A Visa Gift Card To Other People

    Yes, if you choose to, you can definitely sell a Visa gift card that you have and dont want to other people. Places such as Facebook Marketplace and Gift Cash let you sell your unwanted gift cards and get cash for them.

    You can even sell them to your family and friends if you dont want them. If selling online isnt your thing, try asking family or friends if they would be interested in your Visa gift card.

    Buy Other Merchants Gift Cards

    Turn Your Visa Gift Card Into Cash 2017

    Sometimes the easiest way to convert your generic Visa gift card is to buy a new gift card at a merchant you use and love. You can make your gift card go further if youre able to find a gift card sale.

    Some gift card deals let you save 20% or more on a gift card. This means that you could buy a $100 gift card for $80.

    Amazon is a retailer that often has gift card deals. If youre a Prime member, you can double or triple up your benefits by combining it with these Prime money-saving secrets.

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    Where Can You Use Your American Express Gift Cards

    The easiest way to get the full value for your gift is to use it for purchases. These gift cards can typically be used at most in store and online retailers and are accepted anywhere American Express is accepted in the United States and the District of Columbia. American Express gift cards cannot be used for recurring billing or at ATMs.

    Your gift card may be declined if there are not available funds available on the gift card to cover your purchase, or a pre-authorization request. Some businesses such as gas stations pre-authorize a certain amount for those who pay at the pump. To avoid this and only have a hold for the amount you spend, pay inside the gas station where possible. To make sure you have enough on your gift card for purchases, keep track of your available balance having your card declined.

    How to Check Your American Express Gift Card BalanceBefore you use your AmEx gift card to make a purchase, or to convert to cash, you will need to know how much is on the card. To check the balance of your American Express Gift Card, visit balance.amexgiftcard.com and enter your Gift Cards Security Code, Expiration Date, and Card Number.

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