Tuesday, August 2, 2022
HomeCashHow Can I Cash Out A Visa Gift Card

How Can I Cash Out A Visa Gift Card

Buy From A Physical Store And Then Return The Item

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

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.

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.

Best Ways To Get Free Visa Gift Cards Online In 2021

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Want to Make Extra Money?

Fortunately, there are plenty of open opportunities to get free Visa gift cards.

These cards are one of the best options as a free reward since you can use it anywhere Visa is accepted, and theyre literally as good as cash.

We went ahead and did all the research to show you the best companies that actually do offer visa gift cards for free.

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Easy Ways To Convert Visa Gift Cards To Cash

There are many ways to convert Visa gift cards to cash. In this article, we’ll share the fastest ways to get access to liquid cash when you need it.

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If youre reading this, chances are you have a Visa gift card you probably received as a gift for your birthday, wedding, or as a kind gesture from a relative or friend.

You accepted it with a warm smile, but deep down, you wished it was cash instead. So now, youre on the internet looking for ways to convert your visa gift card to cash.

Dont worry. Weve all been there.

The good news is, there are ways to turn them into cash that can be as simple as taking one quick scan and receiving cash as soon as the next business day.

Dont believe me? Lets get right into how to convert Visa gift cards into cash.

How To Convert Visa Gift Cards To Cash

Get cash from visa gift card

There are a bunch of different ways to get your Visa gift card balance converted to cash. In a few cases, theyll let you end up with actual cash in your hand, while others will let you treat the card as if it were cash in terms of how you use it.

There are a few ways though that involve a transfer of the Visa gift card to your bank account. From there, youll then be able to withdraw the money as cash.

Want to get started with a free $5 Visa gift card? Simply and youll get a free $5 welcome bonus, which you can then convert into a Visa gift card

Whichever option you choose though, the outcome is the same. So it just becomes a question of which one is easier for you.

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Make Money From Your Gift Card By Buying And Reselling Items

This may not be the solution if you are looking for quick cash, but it can give you greater returns if you know what and when to buy and sell a particular item. Like Ive said earlier, most stores treat gift cards as credit cards. This means that you can use your gift card to purchase anything from their online shop.

The trick here is to keep an eye on items that are on sale or in high demand and with low supply in your area as of the moment. Once you found some, buy these products and resell them at a profit. And if you are wondering how you can use your Visa gift card for this purpose, its simple add it to your PayPal wallet and from there, you can use it to pay your online or even in-store purchases.

How To Transfer Visa Gift Card To Bank

Most of the time, you cant straight up transfer a Visa gift card balance or any other gift cards directly to a bank account, there are some roundabout ways to do so.

Transfer the balance of your Visa gift card to bank account by using some of the steps mentioned above, such as by:

  • Adding your Visa gift card to your PayPal or Venmo account, and then transfer the balance to your bank account
  • Buy money order and deposit the value to your bank
  • Sell your gift card through a website, which will then pay the agreed amount through direct deposit.

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Gift Cards Into Cash Final Thoughts

Visa and Mastercard gift cards can be used in a lot of ways either in-stores or online. If you have a gift card or more than one, then they can be redeemed anywhere that has the Visa or Mastercard logo.

Having lots of gift card balances might sound good but often converting to cash is better. Why? One reason is that you could lose the gift card balance if you havent used it in time. Having cash is preferable for many people as it can be used for anything you like. Cash can be used to pay debts, add to investment portfolios, or put into a savings account.

Another great reason to convert to cash is that it is easier to monitor your total wealth. This can be invaluable for people striving to live a frugal lifestyle as knowing exactly how much you have at all times is a big part of planning a healthier financial life.

When converting gift cards remember to check for any fees that may apply. If a fee is involved factor this into your decision when deciding how to liquidate Visa gift cards. When you have the time always go for the option that gives you the biggest return.

If one of the methods listed above stops working, dont panic! You have 10 others that will allow you to convert the gift cards to cash.

In most cases, you can have the money quickly and be free to use it for whatever you need. Simply make a choice and get started!

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Sell Your Visa Gift Card On Facebook Marketplace

Turn Your Visa Gift Card Into Cash 2017

There are plenty of , covering everything from used apparel to gym equipment.

But, while it might surprise you, another way to convert a Visa gift card to cash involves selling it on Facebook.

Facebook lets you sell gift cards, so you can get cash from your Visa gift card if you find a buyer in your area whos looking to snag your card.

Just remember: you have to sell your Visa gift card at a discount to actually get buyers, otherwise theres no point for the buyer.

Typically, people discount gift cards on the Facebook Marketplace by 5% to 15%, so do some competitive research to see what sellers are offering in your city

The same safety rules apply here as with all local meetups: try and sell to someone who seems trustworthy, meet in a public place, and bring someone with you to the actual sale so everything goes smoothly.

Extra Reading How To Make $50 Per Day.

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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.

Does A Prepaid Card Support International Money Transfer

You can send money from anywhere to any country in the world. The world is now a global village in all matters related to information and communication technology. When sending money to someone else outside your country, you need the account number of the person and the routing number of the institution receiving the payment. You also need to understand how to transfer money using the routing number and account number.

Before hitting that send button, always confirm that all the details are correct. Again, you should always call the recipients and ask if they got the money you send to them. If they take long to receive the money, you should always make a quick follow up with your card issuer to inquire about the problem.

Prepaid card accounts can also receive money. Your friends and employers can send you money from wherever you are. So in the real sense, a prepaid card is very convenient.

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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 to 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.

Ways To Get Cash From A Non

Turn Your Visa Gift Card Into Cash 2017

While you cant directly get cash back from a non-reloadable Visa gift card, there are ways to get cash from your gift card. One of the simplest methods to convert it into money is to sell it to third-party purchasers. See our research on places that buy gift cards.

If you have the receipt, another option is to return your gift card to the store where it was purchased. If the store allows gift card returns, you may be able to get a cash refund.

Finally, you may be able to buy a money order with your Visa gift card. Sellers of money orders mostly accept chipped cards as payment, but some vendors may still take a Visa gift card. Call your preferred seller first to be sure you can use a Visa gift card to buy your money order. For more on money orders, see our research on what you need to get a money order and where you may be able to buy a money order with a gift card.

Note that you generally should not use money transfer sites such as PayPal, Cash App, or Square to deposit a Visa gift card into your bank account. This violates the terms of service of these sites and can lead to the cancellation of your account.

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Can I Get Cash Back From A Store Gift Card

If you want to get money from a store gift card, then Yes! You can get cash off a gift card if its a closed-loop gift card by selling it to a gift card reseller. For example, you can get cash from a Target gift card, a Sephora gift card, a Home Depot gift card and more. Check out this list of gift card resellers for more informaton.

If, on the other hand, what youre really asking is how to save money on a gift cardhow to get cash off the face value of a gift cardthen check out my list of the hottest deals on discount gift cards around. I update this list often, so you should check back regularly.

If you used part of the gift card and want to know if you can get the gift card balance paid in cash, then check out the state gift card laws to see if your state requires merchants to give cash back when the gift card balance drops below a certain amount.

Look for your brand gift card in our Gift Card Balance Check Directory.

Convert Your Visa Gift Card Into Cash Via Paypal

You can either add your Visa gift cards to your PayPal wallet as cash. Or you could have your family member or friend request a card payment, then use your PayPal to pay off the request.

This way, money comes directly to your PayPal account!

You will need to add the visa gift card to your wallet. Then, youre able to treat the balance like cash and spend it on merchants accepting PayPal as a payment method.

Youll also now have the option to transfer the money to your own linked bank account or send the money on your gift card to other PayPal users.

Keeping in mind that theres a 3% fee charge attached to these transactions!

To add your Visa gift cards to your PayPal wallet, log into your PayPal account and choose the wallet option at the top of the page.

When Paypal asks you for the relevant information, add your Visa gift card details and then click the Link card.

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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

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How Do I Add A Visa Gift Card To Paypal

How To Turn Visa Gift Card into Cash Using Paypal

If you want to add your Visa gift card to your PayPal wallet, follow these steps:

  • Login to your PayPal account.
  • Enter your Visa gift card information, which is essentially the card number.
  • This should let you add the Visa gift card to your balance.

    If you run into trouble, you can also check out this Business Insider article on how to add gift cards to your PayPal balance for steps.

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