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How Do I Get Cash From A Visa Gift Card

Can You Get Cash Back From A Visa Gift Card

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

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How to get cash from a Visa gift card? If you want to get cash from a gift card, you may have some options. Here’s how you can convert gift cards to cash.

There are a lot of ways to make money online and a lot of these sites payout in Visa Gift Cards, which is the second-best option if they dont offer payment through Paypal. While its still money its definitely not as good as cash.

So what do you do when you want to convert a Visa gift card to cash?

Well, if you want to get cash from a Visa gift card, you may have some options.

Lets get started.

Pay Yourself With Square

If youre a freelancer of sorts and accept credit cards, then I highly recommend a Square reader if you dont already have one. Its a great way to swipe credit cards and get paid on the spot.

If you already have one or youre interested in one, the reader is free and lets you accept credit cards anywhere as long as you have your smartphone. Generally, you can get paid the next day.

In this case, you could pay yourself with the gift cards full value, but you will have to pay a fee in doing so, usually 2.6% + $0.10. Nonetheless, its a quick way to get cash if need be, but I would only do so if you have the reader and use them consistently. If you sign up to do this, you may get a warning email.

Evaluate Values Vs Need When Converting Gift Cards To Cash

If you have a gift card or regularly receive gift cards due to using sites like Swagbucks, then when is it best to convert them to cash?

The best thing to do is think about your own needs. Ask yourself the following:

How quickly do I need cash?

What do I need the cash for?

Is the gift card going to expire soon?

Once you think about the answers to these questions you can pick the best method for your situation.

If you need cash quickly, then selling to a friend or family member may be best. Dont forget this may involve a small loss on the balance of the gift card.

Alternatively, you could use the gift cards to buy goods or pay bills and keep the cash you would have spent otherwise. A similar way to this is to add the gift cards to your PayPal or Venmo wallets. These ways mean you get the cash to use however you like. Keep in mind that fees may apply when using PayPal or Venmo if doing an instant transfer.

Finally, perhaps you live a frugal lifestyle. This means saving as much money as possible and making as much money as possible. Using the gift card to buy and flip items might be the best method for you as you can make a profit on the gift cards.

All the methods listed are perfectly valid ways to liquidate Visa or Mastercard gift cards. Base your decision on what you need and when you need it then act accordingly.

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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.

Give Them Out To Friends Instead Of Cash Or Gifts

Prepaid Card for Travelers Without Credit Card ...

If you get a Visa gift card there is nothing to prevent you from passing it on to others too. After all it is not in anybodys name so legally anyone can use it.

For example, if one of your friends is celebrating a birthday you can give them your Visa gift card as a birthday gift. IIn this way you will avoid the hassle of going to shops trying to look for things to buy. This is especially cool for a person like me who hates shopping.

I like giving people Visa gift cards rather than actual gifts as they allow the receiver to buy the things they really want. During birthdays people end up receiving gifts of things they already have. I remember during my wedding we received all sorts of things such as plates that we really did not need. I wish people had given me Visa gift cards instead.

Another advantage of sending Visa gift cards is the cost of sending them is much less than sending a shoe for instance.

Read Also: Can You Use Lululemon Gift Cards At Outlet

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.

Use Donotpay To Redeem Cash From Your Gift Cards

Besides helping you save money on gift cards, DoNotPay can also assist you in redeeming the remaining balance on them. Do you have a gift card you no longer want to use? Dont let the leftover money go to waste! Use DoNotPay to get the cash back in three steps!

  • Choose the Gift Card Cash Back tool
  • Enter a few details about your cardnumber, remaining balance, and the companys name
  • Also Check: Where To Buy Gift Cards With Credit Card

    Turn Your Visa Gift Cards To Cash By Buying And Reselling Items

    This may take a few extra steps to do but it may be the only other option on this list that lets you make money from converting your Visa gift cards to cash .

    As mentioned, most stores treat Visa gift cards like credit cards. This means that you can generally use them to buy items at almost any store, so keep an eye out for things that are either heavily reduced or in high demand.

    In both cases, theres a good chance you may be able to resell the item at a higher price than what you paid. This, in turn, will let you eventually get cash from your gift card.

    Related: Why Living Stingy Could Be The Key To Achieving All Your Financial Goals

    Selling Your Gift Card

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

    In addition to Raise.com, there are some additional sites that you can sell your Visa gift cards on. Check out the sites below.

    • Gift Card Granny: This site has been seen in places such as Forbes, NBC, and Oprah Magazine. On this site, you can sell your unwanted gift cards, and its not limited to just Visa gift cards. You can sell any type of gift card from stores you may have laying around your house. to check out Gift Card Granny.
    • Gift Cash: Like Gift Card Granny, this site lets people sell their unwanted gift cards and send them payment for it. This site is great because they are constantly updating their list of accepted merchants. So if you happen to have a gift card that isnt on their list, you can just let them know and they will look into adding them to the list.
    • Card Cash: With Card Cash, you can sell your gift cards on this site or buy discount gift cards to save money quickly.
    • Game Flip:Game Flipis another site where you can sell unwanted and non-reloadable gift cards to earn cash.

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

    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 Gift Cards For Cash On Websites

    Aside from various apps, there are plenty of websites that offer cash for Visa gift cards, and I recommend CardCash and Gift Card Granny.

    If you have a digital gift card, then you can instantly sell it for cash. For physical gift cards, the process is a little longer as you will need to send the card to the website. Some of these sites will cover the cost of postage which means you wont lose further money on the gift card exchange.

    Websites operate the same process as the apps and charge a fee when selling the gift card. This is usually a percentage based on the balance of the gift card. Before agreeing to any sale check the gift card balance and make sure you are happy with the offer.

    If you are unsure about the site you are using search online for reviews from other users. Check how other peoples experiences have been and decide using that information if you are comfortable with proceeding.

    Is It Easy To Get A Prepaid Debit Card

    Check OneVanilla Card Balance

    Just like debit cards, it is easy to get a prepaid debit card. There are no restrictions on or credit histories, as it happens with unsecured credit cards. Issuing out prepaid cards is a business, and the concerned institutions make a lot of money. When making transactions, some deductions accompany your transactions, which go as a profit to the card issuer.

    The same applies to debit cards. Any bank would like to issue a debit card to you since they know that a debit card brings a lot of profits to them when you buy goods and services, as well as when you withdraw money in an ATM. Statistics show that people using payment cards to shop and pay for products and services usually spend a lot as compared to those using cash.

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    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.

    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.

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    How To Protect Against Getting Scammed

    Usually, its the people looking to buy a gift card at a discount who run the most risk of getting a bum deal, especially if theyre buying off community-based sites like Craigslist or Kijiji.

    A lot of times, a person will go into a store to check the balance of a card theyre about to buy off someone else and itll all check out. But if the card was purchased illegitimately with a stolen credit card, for instance, once the person whose card was stolen realizes they have unauthorized charges, theyll instruct the credit card company and any gift cards will be cancelled, Ho says.

    That gift card may have had a certain dollar amount on it just before you bought it, but it could be null when you go to use it.

    As a seller, you can also safeguard yourself from mailing your card to a non-reputable place by copying down the serial number and the PIN, says Justin Fritz, director of search marketing at Gift Card Granny. If you see the company is slow in responding or they claim they never received the card, you can report it lost or stolen using the information of the card and get a new one.

    If youre buying a gift card at a store, always make sure it hasnt been tampered with and the PIN hasnt been scratched. Most importantly, keep the receipt.

    Its always wise to keep the receipt as proof of purchase, even if youre gifting the card to someone else, Ho says. This way, you have proof in case the card is cloned or otherwise tampered with.

    Visa Travel Card Features

    Turn Your Visa Gift Card Into Cash 2017
    • 24 hour cash access. Use your Travel card to make purchases worldwide at merchants that accept Visa or obtain local currency at any ATM that displays a Visa symbol.
    • Variable purchase amounts. Visa Travel cards can be purchased in any amount .
    • Multiple Cards. You can purchase additional cards that allow you to access the same funds. Each additional card will have its own unique PIN. You can give them to travel companions, or keep them as instant replacement cards in case your card is lost, stolen or damaged.

    Also Check: Can You Withdraw Money From A Vanilla Gift Card

    Can You Get Money From Selling Your Gift Cards

    The answer is yes. The first consideration is that you may want to sell your gift card to friends and relatives first. If they dont want it, you can turn to a number of websites like Prepaid2Cash or MyGiftCardPlus to sell your gift card.

    Just make sure that the site is legitimate so that you dont end up getting scammed out of more money or lose your gift card.

    Also make sure that by the time you do sell your card, that it hasnt expired. The last thing you want is to sell your gift card to someone and have it be completely expired.

    To ensure this doesnt happen, list your gift card weeks before the expiration date to ensure you have enough time to sell it.

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