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How Can I Turn My Gift Card Into Cash

Most Popular Gift Cards

How To Turn Gift Cards Into Cash Tutorial

According to Wallet Hub, Amazon was the most preferred gift card last year. When you’re looking at gift card exchange websites check out Cardpool, which offers Amazon gift cards in exchange for cards from retailers you don’t buy from. Visa was the second most preferred gift card, followed by Walmart and then Target. Keep this in mind if you’re shopping but don’t know what kind of gift card to get a friend or loved one. These retailers are very popular, so the odds are this card will get used. Amazon knocked Walmart out of the No. 1 spot in 2017, which signals the rising popularity of online shopping. Some other preferred gift card brands include Kohl’s, Disney, Sephora, Home Depot, McDonald’s and Starbucks.

Simple Ways To Convert Visa Gift Cards To Cash

You might be interested in ways to turn Visa gift cards into cash, but first, youll need to get your hands on some. It turns out its not so hard by using these free apps and sites:

Its simple to get some free Visa gift cards, but you need to know how to liquidate these Visa gift cards.

These are the best ways to do it.

Can I Exchange My Gift Cards

As mentioned above, selling your gift card isnt your only option. Several of the platforms weve reviewed offer the opportunity to exchange your gift card for another gift card. Therefore, if you have a Bath and Body Works gift card that youre eager to get rid of, you can hop on CardPool and find a card that more aligns with your interests or desires.

While this seems like an easy and logical solution, not all sites offer this service. Thats why you must know where you can accomplish trading your gift card online if youre interested.

Recommended Reading: How To Pay For Airbnb With Gift Card

How To Convert Walmart Gift Card Into Cash

London
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Toronto
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2021-Be more colourful and generous.

I’d rather not get one of those prepaid Visa Gift Cards .Suggestions?

Is their anyway change indigo chapters to Starbucks card?

leungfelix wrote: I have a gift card from Walmart . I don’t shop that much there, so I’d like to convert it to cash. Or, have the funds transferred to my bank or Visa account so I can use it to pay bills or make online purchases. I’d rather not get one of those prepaid Visa Gift Cards .

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Bring Your Id And Credit Card

3 Ways to Turn Gift Cards Into Cash

I took my son with me to a Gift Card Exchange machine once and he asked the obvious question, How does the machine know that theres money on the gift card? Couldnt someone just say it has $20 and get cash back? The answer is no. The Gift Card Exchange kiosk will check the balance of the gift card before accepting it. But just to avoid any potential tomfoolery, youll need to provide your mobile phone number and email address, plus scan your drivers license and a credit or debit card in order to complete the transaction.

Recommended Reading: How Does A Grubhub Gift Card Work

Trading Your Gift Card

  • 1Use a Coinstar Exchange kiosk. Coinstar Exchange kiosks are usually located towards the front of many large chain grocery stores. Simply swipe the gift card and you will receive an offer. The offer will typically be 60% to 85% of the gift cards balance. You can choose to accept or reject the offered amount. If you accept the offer, you will receive a voucher that you can redeem for cash at a cash register.XResearch source
  • A Coinstar Exchange Kiosk is different than a regular Coinstar machine that only exchanges coins for bills.
  • 2Go to a Gift Card Exchange kiosk to trade your card for cash. A Gift Card Exchange kiosk is usually bright yellow and located in a grocery store. Insert the card information into the kiosk and then choose to accept or reject the offer the kiosk gives you. If you accept the offer, you can choose between a voucher that can be taken to a cashier in exchange for cash or receive a Visa gift card.XResearch source
  • You can search online to see where the closest Gift Card Exchange kiosk is.
  • 3Trade your gift card for a different store. If you dont like the store your gift card is from, you can exchange it for a gift card to a store you like. You can do this online or at certain kiosks. For example, you can use a website like CardCash to exchange your gift card. Or, you can go to a store like Target and exchange your card for a Target gift card at a kiosk in the store.
  • Where Can I Trade In Gift Cards For Cash

    Most of the ways listed in this guide allow you to trade in gift cards for cash. To get cash in your hand, sell them to friends or exchange it at a kiosk. Add the balance to PayPal or cash app and transfer it to your bank account.Sell the gift cards via apps such as Raise and once sold withdraw the balance to your bank account. Visit participating stores and use the gift card to buy a money order which can be deposited into your bank account and you now have the cash to use. Ultimately all methods result in you getting cash, but some will deposit into your bank account rather than cash in hand. Just remember that fees may apply depending on the method you use and to check these before completing any exchange.

    Recommended Reading: How To Add Target Gift Card To Registry

    Selling Your Visa Gift Card

    If you have a Visa gift card but want cash instead, you can look into selling it and getting as much value as the card as possible.

    Some of the options include: Apps, websites, gift card exchange kiosks, and friends.

    Generally, most apps and websites that buy gift cards will offer you a lower price than the initial Visa gift card balance.

    So, lets say you have a $500 Visa gift card. When you decide to sell it, these companies can make you an offer of buying it for $450.

    You might not get the full amount, but its a pretty straightforward way of turning your Visa gift card into cash.

    These are your options for selling your card and making money:

    Through Apps

    Dont let your Visa gift cards go to waste. You can turn them into cash with apps like Prepaid2Cash.

    The Prepaid2Cash app is available for iOS and Android and makes getting cash for your prepaid cards and gift cards easier than ever before.

    The app 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.

    Heres how it works:

    • Scan your card using your phones camera or enter your prepaid card information manually.
    • Pick a time get your cash delivered the next business day or in 4-5 business days.
    • Pick a place get direct deposit into your bank account, and they support multiple accounts.

    Want to get cash for your Visa gift card now? Visit Prepaid2cash.com, get a download link sent to your phone, create an account, and you are ready to go.

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

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

    Its not generally possible to directly transfer money from a gift card to a debit card. However, some of the tips outlined above can let you do that if you add a few extra steps in the middle.

    For example, if you add your Visa gift card to your PayPal wallet and then transfer that money to your own account, youll have access to that cash via your debit card.

    Similarly, by selling the card through an app or a website, the company that buys it from you will either transfer the money that you make to your bank account or may send you a check. Either way, the money will then be in your account and ready to be used by your debit card.

    This means that while its not strictly the case that you can transfer money from a gift card to a debit card, the workarounds are super straightforward to do.

    Also Check: How To Scan A Gift Card

    Giftcardbin: Good For Customer Satisfaction

    If the other companies we tested aren’t giving you the results you want, you might want to consider GiftCardBin. You can search by discount, store, category or your own favorites once you create an account. You can buy electronic or physical gift cards and if you choose the latter you can expect it in the mail within ten business days. Digital cards will appear in your account within two business days – longer than some promise.

    You can also get vouchers printable at home and redeemable in-store for certain retailers. We saw discounts as high as 31% during our testing, which meant you could buy a $140 Lane Bryant card for less than $100. That said, youd need to be confident in making a large purchase for this deal to pay off.

    We saw some impressive savings with GiftCardBin, so its worth signing up for alerts in case any of your favorite retailers crop up with a great deal. Whilst not accredited, an A+ BBB rating indicates a high level of customer satisfaction – one of the major perks of GiftCardBin in comparison with leading sites.

    Cardcash: Best For Sellers

    While it offers up to significantly large discounts on vouchers for big retailers, the reality of CardCash is often disappointing with often less than a percentage off full retail price – which really isnt worth the bother. If you are able to find a good deal, though, then there is a welcome 45-day guarantee on all purchases.

    However, if youre looking to sell your gift card you might be in for more luck. The rates offered by CardCash were higher than most competitors, making them a good option if you want to sell your gift card for as much as possible. The option of PayPal and direct debit payments also mean you can have this money in a matter of days, which is faster than most other gift card exchange companies.

    Recommended Reading: How Does Google Play Gift Card Work

    How Can I Turn My Itunes Gift Card Into Cash

    Gameflip is the safest way to sell iTunes gift cards for cash. Gameflip is the simplest way to sell unwanted iTunes gift cards for cash. You can sell any unused, prepaid and non-reloadable gift cards on Gameflip. Popular gift cards on Gameflip are Steam cards, PSN, Xbox Live, Amazon, iTunes, and Google Play cards.

    The Best Way To Turn Your Unwanted Gift Card Into Cash

    Turn Your Visa Gift Card Into Cash 2017

    Gift cards may be the most wanted holiday gift for nine straight years, but that doesnt make them foolproof. If youre stuck with an unusable gift cardlike one from McDonalds but youre on a dietconsider trading it in for cash.

    There are two ways to sell your gift card. One is through a gift card reseller, like CardHub, Gift Card Granny, and Cardpool, among others, which buy the card at a discount. For instance, Cardpool will pay $90.50 for a $100 Walmart gift card.

    Another way is to sell the gift card yourself and set the price on eBay or Raise, a marketplace for only gift cards. But you have to consider other costs such as fees, commissions or shipping costs.

    Related: Are Gift Cards Safe? Security Protections Get a Boost This Year

    For example, Raise charges a 15-percent commission on every transaction. That means if you sold that same $100 Walmart card for $95 on Raise, you would only pocket $80.75 after accounting for the commission.

    Something else to consider is how you receive payment, such as checks, PayPal deposits, direct deposits or another gift card. Read the fine print. You might get a higher return value if you choose a gift card as payment rather than getting cash.

    Related: The Most Popular Gift Cards for 2015

    CardHub compiled a list of the 50 most popular gift cards of 2015 and gave each cards average resale value. You can use this as a guide if you plan to sell your gift card directly on eBay or Raise.

    1. Shell 99 percent

    Recommended Reading: Where Do You Get Google Play Gift Cards

    Benefiting From Your Gift Card In Other Ways

  • 1Buy groceries with your gift card. Even if you dont receive physical cash, you can use rewards towards purchases. For example, you can use a Visa gift card or gift card to a grocery store, like Kroger, to buy groceries or other supplies. If the grocery store has a rewards program, you will gain point that can be put towards future purchases.
  • 2Use your gift card to get points for gas. Some gas stations and grocery stores with gas stations have rewards cards. Use your gift card when buying gas. You can then use your rewards points to buy gas in the future.
  • 3Use your gift card at a drugstore to get redeemable points. First, you will need to complete the free sign up for the rewards program at your local drugstore/pharmacy. Then, use your gift card from that store or Visa gift card to make purchases. For each purchase you make, you will receive points. The points can be redeemed for discounts or coupons.
  • 4Give your card as a gift. If you have an unused gift card that you dont want, give it to a friend who would appreciate it. For example, if you have card to a coffee shop but dont like coffee, gift it to a friend who is a coffee lover. Make sure that the card hasnt been used if you are giving it as a gift.XResearch source
  • If some of the balance has been used, you can tell the friend in advance and ask them if theyd like to use the rest of it.
  • Get Your Cash Payments In Just 15 Minutes With Prepaid2cash

    Prepaid2Cash is an app that allows you to easily scan your prepaid Visa, Mastercard, and American Express cards. Plus, they also accept gift cards from over 100 popular brands like Walmart, Best Buy, Target, Nike, and more! The highly-rated P2C app for iOS and Android will scan your card in seconds and get you your cash payout fast!

    After verifying your card details and submitting your transaction, you can choose to receive your payment for a prepaid card in as little as 15 minutes via debit card, or on the next business day via direct deposit to your bank account. For gift cards, youll receive your payment within 2-3 business days.

    Also Check: Where Can You Get Robux Gift Cards

    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.

    How Do Coinstar Gift Cards Work

    How to turn unused gift cards into cash

    Thats right keep every penny for yourself when you choose to cash in your coins for an eGift Card to any one of our store and restaurant partners. Our paper eGift Cards have a unique code printed on them. They work just like plastic gift cards. Use your code when you pay at the store or when shopping online.

    Recommended Reading: Does Groupon Sell Gift Cards

    Is Coinstar A Ripoff

    Coinstar charges a fee to be able to deposit your coins and get cash back. Yep, thats right, you have to pay them money to get cash from your coins. Luckily for you, were here to show you how to deposit your coins for free and Coinstar allows you do to do it. Its not illegal and they even show this on their site.

    Tips On How To Sell Gift Cards

    Have the following in mind when you sell gift cards instantly.

    • Sell gift card online instantly instead of physically to avoid shipping costs.
    • It is also possible to sell gift cards online instantly that are partially used and if possible, opt to trade a gift card instead of selling it.
    • Finally, since gift cards do not have expiry dates, you can wait to sell it at your preferred price.

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