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HomeVanillaCan You Take Money Off A Vanilla Visa Gift Card

Can You Take Money Off A Vanilla Visa Gift Card

Go To A Gift Card Exchange Kiosk To Trade It In

Can You Add Money To Vanilla Visa Debit Gift Card?

One super easy way to convert Visa gift cards to cash is to find a Gift Card Exchange Kiosk. Theyre usually yellow and you can often find them in shopping malls and supermarkets.

All you have to do is enter your gift cards information into the kiosk, which will include things like the set of numbers on the front of the card.

Youll then be presented with a range of offers for you to decide which one you want. Once youve made your selection, youll be issued a voucher to take to the cashier to get your money.

Related: Coinstar Gift Card Exchange: A Way To Get Quick Cash?

How To Void A Check For Direct Deposit

Visa gift cards are sold in predetermined increments and given as gifts in place of cash. The recipient can use a Visa gift card to make a purchase in stores, online or over the phone in the same way that regular credit cards are used. However, Visa gift cards cannot be used to get cash from an automated teller machine.

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.

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How To Save On The Transfer Fee

If you are going to use this service regularly, you can save on fees by enrolling in the MoneyGram Plus Rewards.

With this program, you will save 20% on fees on your second transfer and 40% OFF on fees every fifth transfer.

If youre transferring a large amount, then taking advantage of the MoneyGram Plus Rewards program will save you lots of money!

Easy Ways To Convert Gift Cards To Cash

VANILLA VISA $50 $50

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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.

Free

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Add To Venmo Wallet Online

Venmo works very similarly to PayPal. Venmo allows you to add a gift card balance to your Venmo account.

Using Venmo can often be better than using PayPal, especially if you want to transfer the money to your bank account to use as cash. This is because Venmo doesnt charge any fees when you transfer money from your Venmo account to your own bank account with the exception of selecting the Instant Transfer option. Once you have arranged the transfer the money is normally in your bank account within 1 to 3 business days.

Adding the gift card balance to your Venmo account is nice and easy. It works in almost the same way as adding to a PayPal wallet. Simply log in to the Venmo app and go to the option that allows you to add a gift card. Add the gift card and you can now use the balance however you wish.

On some occasions, you may get a warning message relating to fraud prevention. Dont worry about this. All you need to do is try the process again. If the error persists simply contact Venmo customer service using their helpline and they will see if they can help clear up the issue.

Vanilla Gift Card Refund Policy Details

Since almost all merchants issue refunds to the original payment method, you can receive a refund to your Vanilla gift card if that was your payment method of choice. Whether or not youre eligible for a refund will depend solely on the merchants refund policy.

If you want to cancel an order that you paid for with your Vanilla gift card funds, you can do it by dialing 1-844-433-7898 and asking their customer service reps to cancel the purchase. You will be refunded the money, and it will be credited back to the gift card.

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Does I Require A Bank Account To Get A Vanilla Gift Card

No, you do not need a bank account to use a Vanilla gift card. The card is independent on its own. They are almost similar to prepaid cards although you can link a prepaid card to a bank account. This is contrary to other payment cards such as debit and credit cards that require you to have a bank account when applying for them.

Furthermore, only debit, credit, and prepaid cards can allow you to transfer money using the routing number and account number. So to be specific, the card is mainly for buying goods and services.

What Is A Visa Or Mastercard Gift Card

How To Use Vanilla Visa Gift Card Online

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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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.

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.

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Find Ways To Pay Yourself

I dont advise trying this as it is against PayPals TOS but some people have mentioned online that they paid themselves with ease. Do this at your own risk of losing your account.

The process is simple though, you could get a friend to send you money and have them use the card. The only caveat is that you would lose 3% in the process due to Paypals fees. I dont recommend this, however, it is an option.

Evaluate Values Vs Need When Converting Gift Cards To Cash

Vanilla Gift cards currently fee

If you have a gift card or regularly receive gift cards due to using sites like Swagbucks, then when is it best to convert them to cash?

The best thing to do is think about your own needs. Ask yourself the following:

How quickly do I need cash?

What do I need the cash for?

Is the gift card going to expire soon?

Once you think about the answers to these questions you can pick the best method for your situation.

If you need cash quickly, then selling to a friend or family member may be best. Dont forget this may involve a small loss on the balance of the gift card.

Alternatively, you could use the gift cards to buy goods or pay bills and keep the cash you would have spent otherwise. A similar way to this is to add the gift cards to your PayPal or Venmo wallets. These ways mean you get the cash to use however you like. Keep in mind that fees may apply when using PayPal or Venmo if doing an instant transfer.

Finally, perhaps you live a frugal lifestyle. This means saving as much money as possible and making as much money as possible. Using the gift card to buy and flip items might be the best method for you as you can make a profit on the gift cards.

All the methods listed are perfectly valid ways to liquidate Visa or Mastercard gift cards. Base your decision on what you need and when you need it then act accordingly.

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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.

Buying Products To Resell

I know youve probably heard about this method, but if you havent, here is how it goes.

The technique not only offers you a chance to get cash out of your Visa gift card, but you can also make some extra money. In essence, its about taking advantage of great deals.

Platforms like PayPal allow you to pay for products through prepaid gift cards, and various retailers accept online payments.

Therefore, you can make an online or in-store purchase using Visa gift cards through PayPal.

If you spot a deal that is ideal for a product you can buy, you can do so and then resell the product at a profit or at a breakeven price to get your cash.

This can be a great option if you are able to get cheap deals for useful products that you can later resell.

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Can I Recover A Lost Vanilla Gift Card

A gift card is like money. Once you lose it, you cannot recover the money. It is thus very important to take care of your card to avoid inconveniences. This applies to both the E-gift card and the tangible one. If someone collects the card, they may use it to buy goods and services.

If you get an E-gift card, print the details and keep them in a safe place so that in case you cannot access the email with the card details, you can easily get the printed copy.

Do Vanilla Gift Cards Build Credit Scores

How Do You Add Name To Vanilla Visa Gift Card

Since Vanilla gift cards and any other kind of gift card are not loans, they cannot help you build your credit scores since financial institutions do not report their usage to the credit bureaus.

If you want to build your credit score, you can get a credit card. Applying for loans such as personal loans, mortgage loans, and auto loans may also help you build your credit score only when you follow terms and conditions.

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Can I Check The Status Of My Vanilla Gift Card Refund Request

Whether you can check the status of your refund credited to a Vanilla gift card will depend on the merchant you requested the refund from.

If youve been waiting for more than two weeks to receive a refund, give the Vanilla gift card customer care agents a call and see whats blocking the transfer. If they discover that the refund wasnt issued, you will probably need to call the merchant.

Give Them Out To Friends Instead Of Cash Or Gifts

If you get a Visa gift card there is nothing to prevent you from passing it on to others too. After all it is not in anybodys name so legally anyone can use it.

For example, if one of your friends is celebrating a birthday you can give them your Visa gift card as a birthday gift. IIn this way you will avoid the hassle of going to shops trying to look for things to buy. This is especially cool for a person like me who hates shopping.

I like giving people Visa gift cards rather than actual gifts as they allow the receiver to buy the things they really want. During birthdays people end up receiving gifts of things they already have. I remember during my wedding we received all sorts of things such as plates that we really did not need. I wish people had given me Visa gift cards instead.

Another advantage of sending Visa gift cards is the cost of sending them is much less than sending a shoe for instance.

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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.

Can You Take Money Off A Gift Card

Last Minute Gift Ideas

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.

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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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