Tuesday, August 2, 2022
HomeCashHow Can You Get Cash From A Visa Gift Card

How Can You Get Cash From A Visa Gift Card

Can I Use My Gift Card In A Foreign Country

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

Possibly, but please note these limitations. Gift cards do not have the EMV chip some foreign merchants may not accept the Gift Card as payment if they require the EMV Chip or for the name to be embossed on the Card. At times prepaid cards may be restricted from use in certain countries due to national security watch lists. Also, some locations may be unable to process debit card transactions and are only able to accept cash payments. Gift Cards cannot be used at ATMS or for cash advances. Purchases made with the Card in foreign currencies will be charged in U.S. dollars. The conversion to U.S. dollars will be made in accordance with Visa operating regulations. No currency conversion fee is assessed.

Check Gift Card Balances

It’s important to go to the actual retailer or card website and to confirm you are at the right place before entering any information. If you’re not careful you can wind up at a website that appears to be legitimate but could steal your gift card balance, making it worthless.

USA TODAY has rounded up the sites to check the most popular store, restaurant and credit card gift cards. This list is current as of Dec. 24. Another way to check balances is with store apps and some retailers like Target allow you to add gift cards to app wallets.

Swap Gift Card For Cash

A simple way to exchange a gift card for cash is to swap the card for the cash amount. You may have friends or family members that need to buy something and can use that specific gift card towards it. As they were going to spend the money anyway, they could just use the gift card instead of cash.

This is a win for you as you now have the cash in your bank account to use yourself.

Offering this deal to friends and family may work better when you know specific events are happening that usually include gift-giving. This could be Christmas, birthdays, weddings, etc. At these times ask around to see if anyone can make use of a gift card in exchange for the cash.

One reason people may decline is that the gift card balance isnt high enough. For example, the gift card balance is $50 but they plan to spend $100. This is OK. Simply let them know that retailers can usually do a split tender transaction. A split tender transaction means part of the balance is paid using a gift card and the rest can be paid with cash.

Swapping a gift card for cash in this way is a great method as it means you get the full amount of cash. That cash can now be used for savings, investing, or paying off debts.

Don’t Miss: How To Pay Airbnb With Gift Card

Convincing Square To Accept The Visa Gift Card

  • 1Appear like a merchant. While Square indicates it accepts Visa gift cards, there are mixed reports that Square will reject a Visa gift card if it believes you are using the service once to transfer a balance. In order to avoid this, you need to convince Square that you are a regular merchant or find a friend that is an established merchant to make the transfer for you.
  • There is no guarantee this will work, but it will increase the likelihood of success.
  • You can skip this part and try to make the gift card transfer following the steps in the next part. Just be aware that it may fail.
  • 2Open the Square app and enter an amount for a transaction. This is a transaction that you create and pay with your own funds or credit card. You are not actually buying or selling anything. This creates a transaction record in Square before trying to transfer the Visa gift card balance. It is recommended that you enter an amount in Square that is not too large since it charges a transaction fee. You will get this money back in the bank account that is linked to Square, it is not disappearing.
  • 3Input the credit card information for the charge. You are not using the Visa gift card yet, so choose another card for this transaction. It does not matter what kind of card you use.
  • 4Conduct a few more small transactions with your own funds. This will make you appear more like a merchant and also serve as a test ahead of a the larger balance transfer.
  • Add To Your Amazon Balance

    Can you put money back on a visa gift card

    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.

    Also Check: Amarktflow Gift Card

    Gift Card Terms And Conditions

    Exchanging gift cards for cash using one of the listed methods is extremely simple. In most cases, you can have the cash quickly and with no fuss.

    However, to successfully liquidate gift cards for cash it is important to keep in mind the terms and conditions of the gift card. Terms and conditions could include:

    • Expiry date Make sure the card is valid and check existing cards to know when they expire
    • Inactivity fees Some cards may charge a fee if not used within a certain time, check this to avoid charges
    • Non-transferrable Although rare, some cards may not allow others to use them
    • Specific retailers Certain cards may only be redeemable at specific retailers

    This list isnt exhaustive, but these are the main terms and conditions to be aware of. If you manage your gift cards, then you can avoid things like missing out due to the card expiring.

    Whenever you get a gift card its worth checking the terms and conditions for any exclusions that may hinder liquidating for cash.

    Buy From A Physical Store And Then Return The Item

    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.

    Recommended Reading: What Is Red Card For Doordash

    Use It To Buy A Money Order

    Stores like Walmart as well as certain grocery stores will let you buy money orders using your Visa gift card. That said, the availability of this can vary, so check if this is an option in your area.

    But once youve done this, the money order can then be deposited into your bank account to be used as straight up cash.

    One thing you should keep in mind, however, is that some banks have had a habit of shutting down accounts if too many money orders are deposited. As such if you do choose to do this, perhaps combine it with some of the other options on this list.

    Sell It On The Raise App

    Can You Get Cash At ATM With Vanilla Visa Gift Card

    Another way to convert a Visa gift card into cash is by selling it on an app called Raise. Raiseis a site where you can sell your unwanted gift cards with ease.

    Its really simple! All you have to do is find all your unwanted gift cards then list them to sell on the platform. Lastly, you will get paid either via Check, PayPal, or by direct deposit when someone buys the gift card.

    Raise is an amazing site if you have unwanted Visa gift cards or any other gift cards from stores such as Target, Amazon, and Walmart. In addition to selling unwanted gift cards on the site, you can save money when you buy other gift cards on their site.

    You can also check out their coupon section to find some of the latest deals on popular stores and brands.

    Don’t Miss: How To Use Vanilla Gift Card At Gas Station

    Finding The Perfect Gift Just Got Easier

    Everyone enjoys the convenience of a Visa Gift Card. It’s the ideal choice for birthdays, holidays, weddings, and all your gift-giving occasions. Discover the advantages:

    • Flexibility. Recipients can buy what they want, when they want whether shopping online, in person, or by phone.
    • Protection. It’s safer than cash and can be replaced if lost or stolen. Plus, it provides the protection and security features you’ve come to expect from Visa.
    • Choice. Visa Gift Cards can be used everywhere Visa debit cards are accepted that means millions of places to choose the perfect gift.

    And because it’s a prepaid card, spending is limited to the amount of money placed on the card for your recipient.

    Visa Gift Cards are available at all Farmington-area branches, so stop in today!

    Should You Liquidate Your Gift Card

    When deciding whether or not to liquidate your Visa or Mastercard gift cards there are some factors to consider. First the pros of liquidation:

    • You have the cash in your hand or bank account
    • The full amount of the gift card can be used once exchanged for cash, after all, how often do you end up with a gift card with a few dollars left on it that never gets used?
    • Once you have the cash you can use it for whatever you need such as paying off debts, investing, or adding to a savings account or emergency fund
    • Cards often have expiry dates or may charge a fee if not used within a certain timeframe, once converted to cash you dont have to worry about this as cash doesnt expire

    The pros of liquidating a gift card usually outweigh the cons. Sometimes keeping a gift card is best though. Here are the cons of liquidating a Visa or Mastercard gift card to help you make a balanced decision:

    • You get to spend the full balance as liquidating can mean losing part of the balance due to fees and other related costs
    • Can be time-consuming to find a workable liquidation solution

    In the next section, you can read about some of the best ways to convert a gift card to cash. This will also highlight that sometimes you can lose out on the value of a gift card. Reasons for this include either having to pay a flat fee to convert the card or only receiving a percentage of the gift card value in return for exchange.

    You May Like: Red Card For Doordash

    Transfer The Amount To Venmo

    Similar to the PayPal option, you can also exchange your Visa gift card for cash using Venmo.

    If you have a Venmo account then you can add your Visa gift card to your Venmo balance and either use it as cash through Venmo or transfer the cash to your bank account.

    In fact, using Venmo is better than PayPal when cashing out to your bank account because with Venmo you dont have to pay fees as you do with PayPal!

    Just add your Visa gift cards to Venmo and then transfer the balance to your bank account, its that easy.

    This is one of my favorite methods to use to exchange Visa gift cards for cash! You do need a Venmo account but its free so definitely consider using this method.

    Best Way To Convert A Visa Gift Card To Cash

    Can You Use Target Visa Gift Card On Cash App

    The best way to convert Visa gift cards to cash fast is to use Prepaid2Cash.

    With Prepaid2Cash you can sell your Visa gift card easily using their website or app!

    All you need to do is go onto the Prepaid2Cashwebsiteorapp then choose to sell your gift card and use their calculator to find how much you can get for your gift card.

    You can then choose to sell the gift card for the price they offer or not.

    However, you will have to pay a fee to sell your gift cards on Prepaid2Cash but as you will see youll have to pay a fee to exchange Visa gift cards for cash regardless of the platform you use.

    Prepaid2Cash is great because its extremely easy to use and you get to exchange your Visa gift cards for cash instantly so I highly recommend checking it out!

    You May Like: Www Apple Com Go Gcb Us

    What Is A Visa Prepaid Card

    You can use a Visa Prepaid Card to buy items, pay online, and withdraw cash online or offline. Moreover, you can withdraw cash from an ATM using Visa Prepaid Cards. You cant do this with Visa Gift Cards.

    Furthermore, its reloadable, so you can quickly fund the card through your bank or other authorized outlets. You can also return any items you bought and get a cash refund.

    Whats the difference between a prepaid card and a debit card? A prepaid card is preloaded with funds, while a debit card is linked to your checking or bank account. With the debit card, you would be spending money from your bank account or checking account.

    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.

    Also Check: Zola Gift Tracker

    Use Your Christmas Gift Cards Asap

    The rule of thumb with a gift card? Use it before you lose it.

    The Federal Trade Commission recommends using the card as soon as you can. It also advises treating gift cards like cash and using them early to get full value.

    Another good reason to use the cards sooner rather than later: the risk that the retailer or restaurant goes out of business.

    While gift cards are often accepted after businesses file for Chapter 11 bankruptcy protection, in many cases they quickly become worthless. Sometimes there’s little or no warning before a business closes.

    I generally tell people if they have gift cards in their wallet, use them yesterday,” Melissa Jacoby, a bankruptcy law professor at the University of North Carolina at Chapel Hill, previously told USA TODAY.

    The Bankrate poll found 29% of adults have let at least one gift card expire, 27% have lost at least one and 21% lost out because a business closed permanently before they used at least one card.

    Get Cash From Your Visa Gift Cards By Buying And Reselling Stuff

    Can You Use Visa Debit Gift Card At ATM?

    I have a tip for you thats a little more unorthodox. It does require a few extra steps and a bit more effort than the options above, but its still one to consider.

    Basically, with this method, you use your Visa gift card to purchase stuff. Since Visa cards are accepted at a lot of retailers, you can use them to purchase everything from gift cards for other retailers to furniture to beauty products.

    Then, you resell this stuff on websites like eBay, Craigslist, and OfferUp.

    You can not only get back what you originally spent with the gift card in cold hard cash, but you can also get extra cash!

    Look out for items that are on sale, discounted, or in the clearance section.

    Lets say you purchase a bag at TJ MAXX thats worth $100, and its discounted to $70. You use your Visa gift card to purchase it and resell the bag for $90.

    The customer still gets a 10% discount since the retail price of the bag was $100, but because you bought it at a discount, you make a $20 profit on the sale. This means that you not only get $70 back in cold hard cash that you can actually spend, which would have otherwise been stuck on a gift card, but you also get an extra $20!

    Like I said before, this one does require a little more effort, but you can turn a Visa gift card into cash when you buy and resell items.

    You May Like: Doordash Gift Card Code Generator

    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.

    How Much Money Can You Put On A Prepaid Visa Card

    When it comes to prepaid debit cards, one of the biggest headaches can be limits on the balance you can carry. If youre having your paycheck automatically added to the prepaid card and are good at saving up money, you could easily hit a limit that creates problems for your money management strategy. So weve pulled together a list of the best no limit or high limit prepaid debit cards you might consider if you want to avoid this particular issue.

    Recommended Reading: How Do I Activate My Mcdonald’s Arch Card

    RELATED ARTICLES

    Most Popular