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Can You Turn Visa Gift Cards Into Cash

Can I Turn Digital Gift Cards Into Cash

How To Turn Visa Gift Card into Cash Using Paypal

There are two leading sites that buy unwanted gift cards directly from their owners: Cardpool and Raise. Cardpool pays as little as 92 percent of what it originally paid for the cards. You can send the funds either by direct deposit to your bank account or via an Amazon or Walmart e-gift card. It may also be received via Raise.

Resell Your Visa Gift Card

This is a pretty straightforward method of converting your Visa gift card to cash. You can list your Visa gift card on local selling apps and get cash right away if you can find an interested local buyer. Keep in mind that you will likely lose 5% face value of the value of your gift card by selling it here as many buyers will low-ball you with offers.

But you can increase your odds of selling it by listing it online on classified sites such as Craigslist or eBay to liquidate your Visa gift card. While selling it locally reduces the fees you pay, youll likely get a solid exchange rate by selling it online.

For example, on eBay, at times you can get the exact value on the Visa gift but just keep eBay fees in mind. They are known as selling fees and theyre a percentage of an items total sale price. For most sellers, its 10% or lower in 2020.

Overall, selling your gift card is a great choice if you wanted to get rid of it quickly and get straight cash.

Final Thoughts On Converting Visa Gift Cards To Cash

Visa gift cards are pretty flexible in terms of how you can use them. Given that theyre accepted anywhere that also takes Visa credit cards, you already have a huge array of options on where to spend the balance on your gift card.

But its true that sometimes having cold, hard cash is preferable. Its easier to track as part of your overall liquid net worth, for example, and youre not limited in case you plan to use the money somewhere that a Visa credit card wouldnt work.

In those cases, one of the options on this list will definitely help you out. Just keep an eye on the fees to make sure theres not a more affordable option for what you intend to do with the money.

But once youve decided how to proceed, in only a few clicks, that money will be yours!

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What Visa Gift Cards Can Be Used At An Atm

If you currently have a Visa gift card and want to know if you can use it directly at an ATM, the short answer is no. Because these types of gift cards are coded to be used in stores or at restaurants, you cant directly get money from an ATM from them.

You can, however, use some of the methods listed in this post such as selling the gift cards for cash on places such as Facebook Marketplace or Gift Card Granny.

How To Turn Gift Cards Into Cash

Turn Your Visa Gift Card Into Cash 2017

You can turn your gift cards into cash in various ways, including:

  • Selling it onlineYou can visit one of the numerous card reselling websites and sell your gift card for cash instantly. Keep in mind that you wont be paid the full value
  • Listing it on an online marketplaceYou can list your gift card on websites such as eBay or Craigslist. This solution will require you to be patient as the card wont be sold immediately, and you will only receive a percentage of the remaining balance
  • Selling it in personMaybe you have a friend whos interested in buying your gift card, or theres a gift card exchange kiosk near you where you can turn your card into cash
  • Redeem it for cashIf you have some balance on your gift card, you may be able to redeem it for money, but you will have to check the laws of the state youre in
  • The easiest way to turn your gift card into cash is to and use our Gift Card Cash Back product. With it, youll be able to get your money back without a hitch.

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    How Do I Turn A Gift Card Into Cash

    It has been seen 217,390 times since it was published. Gift cards may be exchanged for cash online, traded in at a kiosk at your local grocery store, or simply sold to a friend if you wish to transform them into cash. A website like Cardpool or Raise will purchase the card from you if you use their services.

    Selling Your Gift Card

  • 1Sell your gift card to a website. There are several websites out there that will purchase your gift card and give you cash in return. Some websites will provide the prepaid postage for you to mail your gift card to them. If you have a digital gift card, some websites will purchase it from you immediately. Be sure to search for reviews of the website before committing to selling your card.
  • You typically wont be paid for the full value of your gift card.
  • Some websites you can sell your gift card to are Cardpool, Raise, CardCash, and Giftcard Zen.
  • 2Use an app to sell your gift card. Some companies also have a mobile app where you can sell your gift card. Simply download the app, send your card in, and choose how you would like to be paidvia PayPal or check. That company will typically take 15% of the value of the gift card for commission.XResearch source
  • Raise also has an app you can download.
  • 3List your gift card on an e-commerce website. If you dont want to sell your gift card to a website, you can also choose to list your gift card on a websitelike eBay or Craigslist. You can sell your gift card for the same price it is valued as, but it will typically sell better if you sell it for slightly less than the value. Keep in mind that the website, such as eBay, will likely take a percentage of the sale.XResearch source
  • You should also factor in shipping costs if you are sending the gift card to someone.
  • Be careful when meeting up with someone to sell the gift card.
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    Transfer Using A Cash

    Using an app that allows you to convert your prepaid Visa gift card to cash is another option that you can explore. A popular app that offers this functionality is Prepaid2Cash.

    Prepaid2Cash is a fast delivery method when you want to transfer money from your gift card to your bank account. The process is quite easy but the only downside is that the transaction fees are quite high.

    For instant transfer within 15 minutes, youll have to pay a 15% processing fee + a $1.50 delivery fee.

    If you can wait until the next business day, youll only have to pay a 7.5% processing fee + a $1.50 delivery fee.

    Purchase Supplies For Your Home Business

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

    Another option for using your vanilla visa gift card to make money is to buy the supplies you need for your home business. This method is a lot more round about than taking your gift card to a gift card exchange kiosk, but can also be a good way to make more profit from your visa gift cards than when you convert visa gift cards to cash a more traditional way.

    That’s because, depending on what kind of business you have and what supplies you need, you might be able to make more money from the finished product that you spent buying the supplies.

    It will usually take longer to turn your gif card into cash this way, but it’s also one of the most effective ways of making more off your gift card than you were originally given.

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    Use Your Gift Card To Buy A Money Order

    There are stores, including Walmart and several grocery stores that allow the purchase of money orders using your gift card, but the availability of this offer varies per region. Once done, the money order can then be deposited into your bank account and be used as cash.

    However, you should not overdo this because some banks shut down accounts with too many money order deposits.

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

    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.

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    Can You Transfer Money From A Visa Gift Card To Paypal

    Yes, you can easily transfer money from a Visa gift card to PayPal. First, log in to your PayPal account. Find the wallet option at the top, once selected click link a card, and follow the instructions to add the details of the gift card. Once the balance has been added you can withdraw the money to your bank account, transfer it to other PayPal users, or spend it with merchants that accept PayPal. Dont forget that fees may apply so factor that into your calculations.

    Can You Transfer Money From A Prepaid Card To Your Debit Card

    How To Turn Visa Gift Card into Cash Using Paypal or Venmo

    It is possible to transfer money from your prepaid debit card to an ordinary card within a short time. If I want to transfer money from my prepaid card to a debit card, I just select send money option and enter the debit card account number and send. As I had mentioned earlier, a prepaid card allows you to send money from a smartphone app to someone else.

    When transferring money from your prepaid card to your debit card, you are sending money to yourself. You enter the account number to transfer the funds to and click send. The funds reflect after some time.

    In most cases, people have prepaid cards from different banks other than where they have ordinary accounts. If you want to make a particular payment using your bank account, then you may have to use your prepaid card to load your bank account to perform the transaction.

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    Sell Your Gift Card On The Raise Marketplace

    Use Raise to get cash for your gift cards. Raise is an online marketplace designed to buy and sell gift cards. Even if the gift cards are partially used, you can list the card for sale on the platform. Its free to list cards for sale.

    As soon as you sell a card, you can convert that into a transfer to your bank or buy a gift card to a place where you will actually shop.

    Regift The Visa Gift Card

    If youve ruled out all of the other options above, it may be time to think about regifting. If you were going to spend money buying a friend or family member a gift anyway, you can instead gift them your gift card instead.

    Just make sure you remove any identifying information that shows it was initially a gift FOR you to avoid potential awkwardness.

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    Download The Prepaid2cash App

    Prepaid2Cash is an app that takes gift cards from many big name companies such as Visa, MasterCard, Nike, Target, and hundreds more and transfers the funds to your bank account. Simply hold the card in the frame on the app, link your bank account, and you can have your funds in as few as 15 minutes.

    The app gives you up to 92% of the cards value. The app verifies the amount on the gift card and makes you an offer for how much it will pay you for the card. You do not have to accept the offer presented if you choose to hold onto the card instead. There is a 15% fee + $1.50 for instant transfers or a 7.5% fee + $1.50 for next business day transfers.

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    What Happens When I Lose My Prepaid Debit Card

    Turn Your Visa Gift Card Into Cash 2017

    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.

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    Can You Convert Visa Gift Cards To Cash

    There are a lot of people who think it’s impossible to convert your visa gift card to cash. The truth is that it can be done, but a lot of the most common methods aren’t very effective or are more expensive than they’re worth.

    The good news is that converting your visa gift card to cash is a lot easier these days, and there are more ways to convert your gift card to cash than there used to be.

    With a little creativity, you can even make money converting your unwanted visa gift cards to cash.

    We’ll talk more about the ways you can exchange visa gift cards and turn gift cards into cash a little later. First, there are a few more questions you should think about before you commit to converting your visa gift cards to cash.

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    How To Transfer Visa Gift Card To Bank Account Using Prepaid2cash

    Step 1: Download the Prepaid2Cash app from or the App Store.

    Step 2: Sign up for an account.

    Step 3: Start a new transaction by scanning a picture of your gift card.

    Step 4: Enter the bank information where you want to receive the direct deposit of the funds.

    Step 5: Choose the delivery method to complete the transaction.

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    Sell Your Gift Card In Person

    Plenty of people are happy to buy gift cards in person, either because they’ll use the card or because they have their own way of turning a gift card into cash. While we wouldn’t recommend selling your gift card to a total stranger in person, if you have interested friends or family members you might be able to get a good price for your card.

    You can list your Visa gift card on sites like Facebook Marketplace to sell it quickly. You can then directly transfer money into your bank account.

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    Purchase Items For Resale

    HOW TO TURN PREPAID VISA CARDS AND GIFT CARDS INTO CASHð° ...

    While this method is a bit more involved, you could actually get more cash than your Visa gift card was worth.

    If you find items at a deep discount, or just come across a great deal, you can buy it with a Visa gift card.

    Then, you resell the item and make more money than you originally paid for it. Getting your cash from the gift card as well as some extra money.

    But this method does involve a bit more time and work, so you need to determine if it is worth the effort.

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

    You cant directly transfer money from a gift card to a debit card, but you can do so by using the loopholes outlined above.

    For starters, you can sell your gift card to websites like CardCash and Apps like prepaid2cash, which will then send money to your bank account that you can access through your debit card.

    Linking it to your PayPal wallet and Venmo account also gives you the option of transferring the funds to your bank account, which you can access using your debit card.

    Lastly, purchasing a money order with your gift card and depositing it into your account gives you access to your cash through your debit card.

    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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