Protection For Unauthorized Purchases
Use your Visa card to make purchases anywhere and you’re protected from unauthorized use of your card or account information. With the Visa Zero Liability policy1, your liability for unauthorized transactions2 is $0-you pay nothing.
1 Visa’s Zero Liability Policy covers Canada-issued cards and does not apply to anonymous Visa Prepaid*, Visa Purchasing, Visa Corporate, Visa Commercial, or any transactions not processed by Visa. Visa Cardholders must notify their financial institution immediately of any unauthorized use. For specific restrictions, limitations and other details, please refer to your issuer cardholder documentation.
*A Visa Prepaid Card will be considered anonymous if the cardholder’s identity has not been validated by the issuing financial institution .
2 Financial institutions may exclude from the Zero Liability policy a transaction made by a person authorized to transact business on the account and/or a transaction made by a cardholder that exceeds the authority given by the account owner.
Use Your Visa Gift Cards To Pay Your Bills
Assuming you need extra cash for grocery shopping and paying some of your bills, you can use your Visa gift cards for this.
Paying your bills with your Visa gift cards is almost the same as converting it to real cash, although you would just never see it physically.
Keep in mind that a gift card is considered a form of credit card, and you would incur credit card fees while using it to settle your bills.
So you should do the required math and check if paying your bills with Visa gift cards is worth it before proceeding.
Examples of bills you can pay with your Visa gift cards include phone bills, topping up your gas tank, and paying for groceries.
If you want to pay large bills like your mortgage, car bills, and more, you should try out a free service called Plastiq that lets you do that.
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.
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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 Money Orders With The Visa Gift Card
Another way would be to use your Visa gift card to buy money orders.
There will be a fee of coursewhich will be charged to the card.
Therefore you have to take thatinto account before embarking on this path.
This method depends on whether yourcard will let you buy money orders, some dont.
If it does allow you to do thisthen you cash the money orders or deposit them into your bank account.
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What Is The Difference Between A Pending Transaction And A Posted Transaction
Pending transactions are authorized transactions with a hold for the purchase amount until the transaction clears. Posted transactions are purchases that have cleared on your card. There are some pending transactions that are more or less than the amount you actually spent. Some retailers place a pre-authorization amount to ensure the account is active and that you have enough money to cover the purchase. Once the transaction posts to your account, the pending transaction will be removed within a few business days, and you can use the funds again.
Visa And Mastercard Gift Cards As Gifts
One method we mentioned earlier was to use gift cards to pay bills, then you have the cash you would have used for the bill to use for whatever you like.
A similar idea to this is to give gift cards as presents. Doing this means you still have the cash you would have used for the present and the recipient has the gift card to use for whatever they like.
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Sell Your Visa Gift Card On Ebay Or Craigslist
You can sell your Visa gift card on eBay or Craigslist. This can be a good alternative to selling through Raise or CardCash. What makes eBay and Craigslist good is that you can decide how much you want to sell your gift cards for.
Now, you will likely have to sell the card at a bit of a discount because thats what people are after when they purchase a secondhand gift card.
Can You Get Money From Selling Your Gift Cards
Absolutely. You can totally get money from selling your gift cards. The cool thing about selling stuff online is that you can always find a platform to sell items quickly.
This post shares some of the best ways and places to sell gift cards. Some of my favorites mentioned in this post are Gift Card Granny and Gift Cash. You can check out some of those sites to see if those are a good fit for you to sell your unwanted gift cards.
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Use Your Visa Gift Card To Pay Your Bills
Another option you may not have considered is simply using it to pay some bills. Its as good as cash, after all.
Not all online payment systems will accept it, but most do. So consider paying your phone bill, gym membership, gas, groceries, or other recurring expenses with it.
Its honestly a pretty effective way of using your Visa gift cards full value instead of losing money when trying to sell it.
Can You Take Money Off A Gift Card
Sadly, probably not. You can’t 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 that’s 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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Why Cant I Get Cash Off A Visa Gift Card
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
Buy Other Merchants Gift Cards
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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Give Away The Card As A Gift
Gifting a friend or family member a Visa gift card for the holidays or their birthday is a great way to offset any costs you had intended to spend on gifts.
Lets say you wanted to buy your friend some shoes that cost $100, but you have a couple of $100 gift cards you dont use. You can give away one of the gift cards and forego spending cash.
Youll have essentially turned the Visa gift card into cash and saved some money on gifts.
Theyre able to use the card on whatever purchase theyd like, and you save yourself a hundred bucks. Win-win.
So if you were planning on buying them something, gifting them a Visa gift card might be a better alternative.
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.
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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.
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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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How To Move Money From Paypal Wallet To Cash App
Every cash app user has their own unique cash app Visa card number and routing number if you already have a Cash Card associated with your Cash App account.
Add your Visa card number to your PayPal account and instantly transfer the balance to it for a small fee and the funds will be immediately credited to your cash app account.
- Login to the PayPal app
- Link your Cash App debit card if you havent already, and then press next.
- Enter the amount to transfer, review the details and tap the Transfer option.
Add To Your Amazon Balance
If you use Amazon as many people do then consider adding your Visa gift cards to your Amazon account.
Since Visa gift cards are pretty much as good as cash, you can use them to purchase items on Amazon when you add the gift cards to your Amazon balance.
Its a really simple way to use your Visa gift cards!
If you need to purchase items on Amazon then definitely consider adding your Visa gift cards to your Amazon account to use the money.
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Use The Gift Card Like A Regular Visa Card
Visa gift cards are one of the best gift card types out there. This is because they are much more widely accepted than other gift card types. For example, Walmart gift cards can only be used at Walmart, and Xbox gift cards can only be used at the Xbox or Microsoft store.
Visa gift cards can actually be used at any location that accepts Visa debit or credit cards. Since a TON of places accept Visa cards, this means that you could use your gift card at stores, gas stations, restaurants, and plenty of other places.
Why not see if theres a way to use your gift card to buy something? Then, you can withdraw the cash you saved by using the gift card, or just use it however you want to.
Use The Gift Card To Pay Your Bills
Another great way to use your Visa gift cards is to use them to pay your bills.
Paying off debt is always a good thing to do so if you have Visa gift cards then I recommend using them to pay off bills.
Now, not every bill will let you pay with Visa gift cards but many do.
Most retailers will accept Visa gift cards for bill payments.
While this method is not converting the gift cards directly to cash its essentially using it as cash for a good reason.
I highly recommend using your Visa gift cards to pay towards bills if possible.
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Convert Gift Cards Into Cash
Visa and Mastercard gift cards are popular for predominately two types of situation:
- To be given as a present
- For shoppers that want to save money as there are often incentives linked to the gift cards
Both of these situations are adequate reasons for buying a gift card and gifting them to someone. However, if you are the recipient of a Visa or Mastercard gift card should you keep it? Or are you better off exchanging the card for cash instead?
Incredibly, 10% to 19% of gift card balances remain unredeemed and around 6% of gift cards are never even used at all
In many cases exchanging a Visa or Mastercard gift card for cash will be the better option. Here are a few reasons why:
- Cash has no expiry date
- You can spend the full amount, with a gift card you could lose any that you havent used, or if you use it online you could lose part of the balance on delivery fees
- Cash is always acceptable, if there is a disaster you know you can buy what you need with cash
- Cash can be used for anything including adding to savings, investments, or paying down debts whereas gift cards are limited to making purchases
For these reasons, most of the time cash is superior to a gift card. Later you can learn 11 of the best ways to convert Visa or Mastercard gift cards into cash. Before that, what is a Visa or Mastercard gift card?