Go To The Gift Card Issuers Website
If you dont have access to a phone, no worries. You can also check your card balance through the issuers website.
To find out who issued your gift card, look on the back of the card near the phone number. There should be a URL listed that you can go to and find out your cards balance.
You can also go here for a list of the card issuer websites.
Buy Discounted Gift Cards
A really great way to use your unwanted Visa gift cards is to trade them for discounted gift cards.
Platforms like CardCash will let you exchange your gift cards for other gift cards or you can just use your Visa gift card to purchase other gift cards.
Lets say you shop at Target a lot, you can go on Raise and you can find discounted Target gift cards, for example, you can purchase a $50 Target gift card for $45.
So, if you have a $50 Visa gift card you can use it to purchase the $50 gift card for $45 which leaves you with a Target gift card worth $50 and $5 left on your Visa gift card.
This means that you just turned your $50 into $55! Its not much but its a profit!
I highly recommend using this method if you dont need cash because instead of losing money to fees you can actually turn a profit!
What Is Gift Card Liquidation
Liquidation is the process by which an asset is turned into cash or something similar that can easily be converted into cash quickly. Selling a gift card for cash or exchanging it for something which can easily be converted into cash would constitute liquidation.
If you answered yes to these questions, then you are in the right place. Read on to learn how to liquidate Visa and Mastercard gift cards into pure and wonderful liquid cash!
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Complete Your Bank Details
After you click Next, you will be taken to another page. Enter your Receivers details there. This will be data like your name, address and account or debit card information. As soon as you do this, click on the Next option. As per the MoneyGram site, many account deposits are finished in no time, subject to banking hours and the accessibility of the system.
Squeeze Out Every Last Drop
Chances are, youll have a small balance of less than $5 when the card reaches the end of its lifecycle. When the card gets down to the last few remaining dollars, simply ask the merchant to deduct that balance from your bill and put the remainder on another card. You could also bring the card to a gift card exchange kiosk and redeem the remaining amount for cash.
Pro tip: An easy way to make sure you use your entire gift card is by ringing up a transaction that exceeds the total value of your card. For example, if you have a $100 gift card, go to the grocery store, and rack up a $125 bill, you can use your entire gift card balance while charging the other $25 to a different card.
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Give Them Out As Gifts
One approach to change over Visa gift cards to cash is to utilize them like money. We referenced things like utilizing them to cover tabs, however you can likewise give them as a present. This can be an incredible option in contrast to giving somebody, state, cash in a card or a store-explicit blessing voucher.
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This method could be used for anything that you normally pay with cash. Provided the vendor accepts Visa or Mastercard, then you can do this. You could use gift cards to pay large bills, small bills, or just for your regular purchases at the local store.
Whatever you use the gift card for, you now have the equivalent amount of cash still that you can use for any purpose. The cash could be saved in the bank, used to pay other debts, or added to an investment account.
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How Can You Get Cash From A Prepaid Debit Card
You can get money from your prepaid card account. If you received payment from your parents, friend, relative, or an employer, you could get the money in cash if you wish so. Prepaid cards are accepted at ATMs so long as there is a sign indicating that the card service provider is accepted. You will always see signs indicating `Visa card accepted here or `MasterCard accepted here and so on.
Another trick will be sending money to someone elses bank account to give you the money in cash. The place you live in may have no ATMs or banks, and you need the money. The person may require you to send the money plus something on top as an appreciation.
You can get cash from your prepaid card by getting money back from merchants as you purchase goods and services. Cash backs depend on the volume of products purchased and the items purchased as well.
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:
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.
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Why Cant I Link My Vanilla Visa Gift Card On Paypal
If you want to use a Visa card with PayPal, you must have a PayPal account. You dont need a lot of information to open an account. You will need to enter the necessary information on the PayPal website. In the case of prepaid gift cards, you may not be able to link them to your PayPal account if they are not registered in your name.
What Happens When I Lose My Prepaid Debit Card
There is nothing to worry about when you lose your card as long as no one knows your PIN as they cannot withdraw money from your account. However, there is a danger of someone using your card to make transactions of goods and services. You should always do the following things to ensure that your account is safe.
- Keep your PIN private. I like advising people to keep their PIN only to themselves. Even your wife should not know the account number unless it is a joint account.
- Report immediately upon losing your card. Always have the card issuers contact information with you so that you can easily report any loss of the card.
- Always check your account for any illegal authorized transaction. If you discover any unusual deductions, consider changing your account details such as account number and blocking all the cards.
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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 Your Visa Gift Card To Buy A Money Order
You can purchase a money order at Walmart and select grocery stores with your Visa gift card, which you can then turn into cash by depositing it into your bank account.
Be sure to set a PIN on your gift card first because Walmart only accepts cash and debit cards for money order purchases.
The maximum charge for purchasing a money order from Walmart is $1, making it really affordable.
One major downside of money orders is that they can raise suspicion of fraudulent activity if done frequently, leading to account closure.
Therefore, it doesnt work well as a long-term strategy. Once or twice is good enough.
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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.
Buy A Money Order With The Visa Gift Card
Places such as Walmart let you purchase a money order using a Visa gift card. Keep in mind this can vary depending on the location, so make sure to call the Walmart you are going to visit to make sure this option is available in your area.
Once you receive your money order, you can deposit it into your bank and use it as cash. If you arent sure how a money order works, check out this article by Nerd Wallet. It goes through everything that you may need to know before getting started with getting a money order.
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How Can I Get Cash For Gift Cards Immediately
If you need cash quickly and cant wait, there are several ways to get the cash almost instantly. Sell or swap the card to a friend or family member, this means you have the cash now. Go to a kiosk and exchange the card, you can get the cash immediately from the cashier or customer service desk. Transferring cash from PayPal, Venmo, or other cash apps to your bank account can be done instantly as well although fees may apply.
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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Ways To Avoid Extra Fees And Interest
In a pinch, fast access to cash can help you cover an emergency or unexpected crisis. But one of the most unattractive aspects of is how expensive they can get. Not only is the interest rate usually higher than on regular credit card purchases, but youll typically have to pay a fee as well.
Sell It To A Gift Card Exchange Website
Using a gift card exchange website, like Gift Card Granny or CardCash, is the most straightforward method for converting your gift cards into cold hard cash. All you have to do is go on their website and sell your gift card.
Both Gift Card Granny and CardCash take a wide variety of gift cards, including Visa ones. You can easily trade Visa gift cards for cash payments. The best part is they offer up to 90% cashback during the entire process.
First, youll need to select an offer. Once you choose the Visa gift card with an appropriate balance, you can submit it and go through a verification process.
After this is done, youll be able to get paid. This online method allows you to earn more money compared to more expensive rates of gift card kiosks. Keep in mind it might not work for every Visa gift card, as offers come and go.
Can you sell a Visa gift card to another person?
Yes, you can sell your Visa gift card to another individual without it affecting the gift card. If you go this route, youll likely find that people will only be interested in buying it from you if its offered at a discount.
Otherwise, they could avoid the hassle by buying a gift card from a regular retailer. This is a valid option though if you can sell it for more money than a gift card exchange offers you.
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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.
Making A Purchase With Your Visa Gift Card
- What if I change my mind and want to cancel a purchase?
If a merchant cancels a purchase transaction for you, it may take three to seven business days for the cancellation to show up on your Visa Gift card record and for the funds to be credited to your card and available for use. Check the balance on your card, either online or by phone, to see when your cancelled purchase transaction has been processed. Refer to the back of your card for the web site address/phone number of the financial institution that issued your card.
- Why was my Visa Gift card declined?
- Your card may have expired. Check the expiry date printed on the front of your card. In this case, let the merchant know how much remaining balance you have on your card. The merchant may split the transaction and allow you to pay for part of your purchase with the Gift card, and then the remaining part of your purchase with another form of payment, such as a credit, debit or cash.
- Your remaining card balance may be less than the value of the item you wish to purchase.
- Merchants who only possess a manual imprint machine cannot accept Gift cards which have the phrase “ELECTRONIC USE ONLY” printed on the front of the card.
- Some internet merchants use fraud protection software that may decline a Gift card purchase transaction.
- Your card may not be activated or registered yet. Follow the activation and registration instructions that came with the card, or contact the card issuer
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