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Can You Take Money Out A Visa Gift Card

How To Transfer Money From Your Prepaid Card To Your Bank Account Using Moneygram

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

We struggled to find a simple, sure-fire way to move funds off our prepaid cards for a long time. One day, a helpful reader shared this clever hack that works with almost every prepaid card.

Using a remittance service like MoneyGram, you can transfer money to your bank account quickly, cheaply and safely.

Here Are Some Reasons Why We Love This Method:

Safe: MoneyGram has been around since 1940, and is the second largest money transfer company in the world.

Fast: Receive your money in minutes if you choose the Debit Card Deposit option.

Cheap: Fees are as low as $1.99. See our section on how their fees are calculated.

Reliable: Dozens of our readers have successfully used this method, and it appears to work for virtually any prepaid card.

Here are the steps to transfer money from your prepaid card to your bank account using MoneyGram:

Can You Transfer Money From A Prepaid Card To A Bank Account

The initial phase in the process is to check if your card even permits you to move assets to your ledger in any case. The good news is that you can actually move cash from a prepaid card to a financial balance in practically all cases. Yet, how you do it relies upon what sort of prepaid card you have.There are two types of prepaid cards:

  • Regular Prepaid Card
  • Prepaid Gift Card

How To Get Cash From A Gift Card

Gift cards have been the preferred present or gift of choice for nearly every occasion, including holidays, birthdays, Valentines Day and you get the point.

Gift cards seem to be the king of gifts when you dont know what to get that special someone.

But what if you dont get the right gift card?

That money shouldnt have to go to waste now, should it?

What if I were to tell you that you could get cash off of that gift card? Dont worry, this is perfectly legal and rather simple.

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Can Debt Collectors Take Money From Prepaid Cards

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Theres some common confusion about prepaid debit cards and bankruptcy judgments. But can debt collectors take money from prepaid cards? What If the Court decides in favor of the creditor, what can a debt collector garnish? Can a prepaid card be garnished? Can they include your Starbucks or Amazon card? Today having many prepaid cards is common even for people who already have bank debit and credit cards.

But, having prepaid cards created confusion in terms of garnishment. If you dont know which type of prepaid card can be garnished, debt collectors can trick you into submission. This article will provide you the information you need. And ultimately, it will answer the question, can debt collectors take money from prepaid cards?

Very briefly, the cards that can be garnished by a debt collector include bank-issued prepaid cards and open-looped prepaid cards linked to your Social Security Number . The key factor is whether a debt collector can find your prepaid card in a credit report if they can, then it is garnishable. And not if they cannot.

Why Cant I Get Cash Off A Visa Gift Card

Can You Use Target Visa Gift Card On Cash App

Gift cards are marketed as gifts, whereas prepaid cards are typically marketed as an alternative to a traditional checking account. This distinction is important because the latter type of card can be reloaded with additional funds, be used to get cash from an ATM or allow the holder to get cash back from retailers who support this.

To activate prepaid cards, you typically need to provide personal information such as your name, address, date of birth and social security or drivers license number. Merchants are also required to report suspicious purchases and track individuals buying large amounts of prepaid cards for five years. Gift cards, on the other hand, can be purchased and activated anonymously. As a result, anti-money laundering laws prevent gift cards from being used to get cash or from having a value over $1,000.

Below are a couple of scenarios to help you understand the reasoning behind this.

1. Clean Cash. A thief uses stolen money or money from drug sales to buy a prepaid card, then goes to an ATM to withdraw cash from the card. The money is now clean, but because the card has to be registered and merchants are required to track purchasers of prepaid cards, the bank has a potential way to identify the person laundering money. Since gift cards dont need to be registered, cashing out is not allowed.

Those are just a couple of examples and not even the worst.

Happy Gift Carding!

~Shelley Hunter, Gift Card Girlfriend

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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.

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

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.

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

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.

Enter The Recipients Email Address

3 Big Problems With Visa Gift Cards

This is probably the most crucial step in the entire ordering process. I once sent an egift card to my brother using an old email address. The card was not lost, but he did not see it because he did not check that email account on a regular basis. Enter the recipients most-used email account and double check to make sure you have all of the characters entered correctly. Read my advice on how to make sure an egift card gets delivered.

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Sell New Or Used Gift Cards On A Fixed

You may not able to get cash back on a Visa gift card in the traditional ways, such as 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.

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?
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    How Can I Get A Free Visa Gift Card

    The quickest way to earn free visa gift cards is by taking paid surveys from PrizeRebel for points. Redeem your points for your reward to be used online or obtain a physical visa gift card to be used directly in stores! Theres no need to puzzle over the best gift to give to your friends and family.

    Add It To Your Venmo Account

    Can you use a visa gift card on paypal

    Similar to PayPal, you can put your Visa gift card balance on your Venmo account. And this is actually a better option than PayPal if you were planning to transfer the money to your own account as cold, hard cash.

    This is because Venmo doesnt charge any fee to transfer money from your Venmo account to your bank account, unless you select the Instant Transfer option. Otherwise, the money should arrive in your account within one to three business days.

    To do this, go into the Venmo app and find the option that lets you add gift cards. Theres a chance that youll get a warning message here for fraud prevention, so either try again or give Venmo customer service a call at their helpline to see if they can clear up the issue.

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    Survey Programs Where You Can Get Free Visa Gift Cards

    You can consider the following paid survey websites among the best to use if youre looking to get your hands on a free Visa gift card.

    On each of them, you should be able to claim a gift card with little hassle and in a reasonable amount of time.

    You can discover a larger range of websites offering free Visa gift cards using SurveyPolice Pick-a-Perk. This tool allows you to search for your ideal online paid survey site, using a range of filters to select what features youd like it to have.

    Give This Article A Read And Find Out How You Can Get Cash From A Prepaid Visa Debit Card

    Having a prepaid card is an advantageous method to pay for items and administrations whether in person or on the web. Rather than hauling money around, you simply load your cash on your prepaid check card, making it more secure and more practical.

    You can likewise get your check and government benefits on your prepaid card. The United States government has even utilized prepaid cards to send Covid boost installments to residents with no accessible financial data in 2020.

    With a significant number of us utilizing prepaid cards, one regularly posed inquiry is how to get cash from a prepaid visa debit card to a reserve fund or financial records?

    Changing over your Visa gift vouchers to cash can be an extraordinary method to ensure that you are really ready to utilize whatever balance you have on the card. Whats more, is that the alternatives on this rundown have the additional advantage of being totally secure and extremely easy to do.

    Keep on reading to find out more.

  • 7 Conclusion
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    Register Your Card To Make Online And Phone Purchases

    To register, either call the issuer, or visit their website. Your issuer should supply this information to you when you receive the card or it may be available on the card itself.

    When you make an online or phone purchase, the name, address, and phone number you use will need to be exactly the same as the information you provided when registering your card in order to avoid declines.

    Pay Your Bills With Your Visa Gift Card

    Cash Out Gift Cards with no Fee

    Using your gift card to pay a bill is exactly the same as converting your Visa gift cards to cash although youll never actually get to see the money.

    Just remember that because the Visa gift card is treated the same as a credit card, youll also incur any credit card fees, so make sure you do the math to confirm that its worth it.

    How do you liquidate a Visa gift card by paying bills?

    This can be done with any billing provider that accepts Visa credit cards for bill payments, as the Visa gift cards are treated exactly the same.

    Not every single company will allow this, but youll almost certainly be able to use your card in this way for things like topping up your phone credit, buying groceries and gas or renewing your subscription at the local yoga studio.

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    What Is A Visa Gift Card

    A Visa gift card is essentially a prepaid debit card, which is topped up by the purchaser and sent to the recipient. The balance can be spent with any of the millions of retailers that accept Visa. However, you cant use it to withdraw cash at an ATM.

    The card cant be topped up a second time, like traditional prepaid cards can, so you may as well dispose of it once the balance has been spent.

    With some paid survey websites, you may be given the opportunity to claim a virtual Visa gift card instead of having a physical plastic card mailed to you. A virtual card is sent to you by email and can be used to fund online payments.

    The major advantage of a virtual gift card is that youll receive it instantly, as opposed to having to wait for it in the post. A key disadvantage is that it cant be used in the offline world.

    How Does A Prepaid Debit Card Differ From Debit And Credit Cards

    Although all the cards look alike, there are a few differences that arise with them. For instance, you do not need a bank account to have a prepaid card. Debit and credit cards require you to have a bank account to acquire them.

    However, you can link your prepaid card into a bank account if you wish so. Most prepaid debit card issuers typically request you to connect your card to a bank account. Linking your prepaid card to your bank account makes it possible to access money in your account quickly.

    Most prepaid debit cards with a mobile check deposit link to a bank account so that the check can undergo secure processing. Mobile check depositing involves using the camera of your smartphone to take pictures of your check both front and back and transmitting them to your bank for processing. The process requires a unique app from your card issuer that ensures that all the information is safe.

    Secondly, a prepaid debit card is different from a credit card in that you only spend your card account, while credit cards allow you to borrow money from your bank to pay later at the end of the month. On that issue, the prepaid debit card works the same as the ordinary debit cards.

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