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How To Cash Out Gift Cards

Simple Options To Convert Visa Gift Cards To Cash

HOW TO CASH OUT GIFT CARDS ON IBOTTA | QUICK TUTORIAL |
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Receiving gift cards is great but making sure youre actually able to use the balance is the best part of all. Thats why seeing how to convert Visa gift cards to cash can be a great way to make sure that you use whats on the card with the added flexibility of being able to spend the balance anywhere!

Perhaps you were given the card as a gift or you bought it as part of a promotion. The latter is pretty common, as youll often find stores that offer discounts or bonus deals if you buy Visa gift cards from them. This can, in turn, save you a good amount on the actual value stored on the card.

You could even have gotten it by having earned it yourself! Sites like Swagbucksoffer this from time to time, by letting you earn Visa gift cards for free by watching videos, playing games and searching the internet.

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But now that youve got the card, you may be struggling to figure out what to do with it. Or you could just prefer to have straight up cash to be able to use it how you want.

  • Final thoughts on converting Visa gift cards to cash
  • Can You Transfer Money From Visa Gift Cards To Paypal

    Using the Card Cash website, you can sell your unwanted gift cards and get money for them.According to the PayPal site, you can transfer money from a gift card right into your balance on PayPal.

    Keep in mind that you will have to buy another merchants gift card with your Visa gift card first and then upload that gift card onto the Card Cash website.

    From my knowledge, it looks like the Card Cash website only accepts gift cards from stores such as Target, Walmart, Jewels-Osco, etc. Therefore, you will have to purchase a gift card with your Visa gift card from one of the accepted Card Cash merchants.

    How Can I Get Cash For Gift Cards Immediately

    When you sell your gift cards online, its possible to get a quote immediately. That is, you can easily and quickly check how much your gift card is worth. But the entire process of selling the gift card online will take much longer, especially if mailing the gift card is required.

    One option for faster cash is through GiftCardBin, which partners with more than 600 businesses nationwide to buy gift cards in person. Use its store locator tool to see if a partner is nearby. Then you can sell your gift cards for fast cash. However, you should expect a quote much less than the online exchanges.

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    Pay Your Bills With Your Visa Gift Card

    Some companies actually allow you to use a visa gift card to pay your monthly bill.

    If you arent sure if you can use a Visa gift card to pay one or more of your monthly bills, call the customer service team of the bill you are looking to pay. All you have to do is ask them if they do and go from there.

    Selling A Gift Card To Cardcash

    Cash out gift card

    Selling through CardCash is your best and most convenient option for selling a gift card online. You enter the brand name and amount of your gift card, and it makes you an offer. For my $25 Home Depot gift card, it offered me $22. I even had the option to get offers for multiple gift cards at the same time. My redemption choices were direct deposit , PayPal Express or a mailed check. I went with direct deposit, and even though I had to hand over my bank account information, I also had to give my credit card information to place a temporary $1 verification charge for CardCash’s security.

    Remember not to get rid of your gift card right after you complete your transaction, as it could take up to a day to verify that your gift card is valid. That said, I got an email that my order was accepted less than half an hour later. CardCash also said to allow one to two business days for my money to show up in my bank account, but I had my $22 by the next day.

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    How To Sell Gift Cards Online Instantly

    At Your Money Geek, we love earning free gift cards!

    However, often our favorite apps to earn gift cards may not offer the card we are looking for. For example, maybe we won an Amazon card but really need a Lowes card. Also, Let’s not forget that sometimes you need cash to pay bills or invest.

    Luckily, there are several ways you can sell gift cards online for cash, and receive either check or PayPal.

    Note: Keep in mind that everyone’s success in selling gift cards is a little different. So, try a few different ways and figure out what your most effective method is. When you do, let us know what you discovered were always eager to learn more about user experience with the tools weve highlighted.

    How Can I Exchange Gift Cards For Cash

    You can exchange gift cards for cash easily by selling the unused card directly to a gift-card site like CardCash, CardKlip or GiftCash. They will buy the card from you directly. Or you could list your gift card on Gameflip or Raise. They work like marketplaces where people can bid on your card and buy it from you.

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    Give Out The Visa Gift Card As A Gift

    Sometimes, you may be required to give a gift to a friend or a family member for special occasions such as weddings.

    Since the prepaid Visa gift cards are usually bought in denominations of $100, $200 or $500, it can be an excellent gift and will essentially serve as cash.

    Instead of giving a check, a Visa gift card is just as good.

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    Buy Things You Can Resell

    How to turn unused gift cards into cash

    Buying things you can resell is an advanced form of getting back cash for your Visa gift cards.

    But this option gives you little profit or none at all. Its a fantastic option for those who would love to do a little buying and selling or just get the feeling of being a seller.

    To get the most out of this option, I would advise you to buy something in high demand. Or you should buy a product whose value will appreciate as time passes.

    Remember, the goal is to get your Visa gift cards cash equivalent and not a lesser cash value for your gift card.

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    How A Gift Card Works

    Gift cards are a form of prepaid debit card that’s loaded with funds for future use. There are generally two types of gift cards: open-loop and closed-loop cards. Both types can typically be used online and in person.

    Many gift cards will have a minimum and maximum initial loading amount. For example, there may be a minimum of $10, and maximum of $500. In some situations, gift cards can be used to pay for a portion of a purchase, with cash, debit or credit used to balance the expense. As a precaution to mitigate the risk of losses, many gift cards can also be registered onlinea procedure that allows the remaining balance to be tracked and frozen if a card is lost. In this way, some gift cards are safer than cash.

    Depending on the card in question, a reload fee may apply to add money each time.

    Bring Your Id And Credit Card

    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.

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    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.

    Types Of Visa Gift Cards

    Gift Card Churning with $0 Out of Pocket Cost  PointChaser

    Visa offers seven different gift cards, each of which you can buy on their main website. These are similar to a Visa debit card in that you can transfer money onto individual cards.

    You use these instead of cash just like you would a debit or credit card, but you dont have to link the card to your bank account. A Visa gift card is already preloaded with money.

    Once you buy the gift card, you must determine the amount the maximum tends to be around $500.

    Keep in mind third parties provide you more specific information on these gift cards Visa works directly with these companies.

    The Visa gift cards available are as follows:

    • Vanilla Gift Card
    • Navy Federal Credit Union
    • PerfectGift.com

    The Vanilla Gift Card is one of the most common ones. You can use this card for non-contact transactions, which include orders over a website, phone, and mail.

    The card only works with any store that accepts Visa cards, mainly based in the United States.

    Read Also: How To Use Target E Gift Card In Store

    Avoid Redeeming Credit Card Rewards For Gift Cards

    Theres one more thing you need to know about making money from gift cardsin most cases, redeeming credit card points, miles or cash back for gift cards isnt the best use of your hard-earned rewards. While you can redeem credit card rewards for gift cards, youll often get a lower value than you could have earned if youd redeemed your rewards for statement credits, travel bookings or online shopping.

    If you want to maximize your credit card rewards, its best to avoid turning your points, miles or cash into gift cards. Instead, take some time to learn which rewards redemption methods offer the biggest bang for your buck. If you have a Chase travel credit card, for example, your points are often worth more when you redeem them for travel through Chase Ultimate Rewardswhich means youre leaving money on the table if you redeem your Chase Ultimate Rewards points for gift cards.

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    Where Can I Sell Amazon Gift Cards

    are among some of the most popular to sell. Its understandable why. Amazons marketplace allows buyers access to a versatile array of products. Whether youre on the platform to find a gift, purchase outdoor sports gear, or youre looking for a good book, Amazon has it.

    Every one of the platforms mentioned above offers assistance reselling an Amazon Gift card. However, if youre looking for money fast, you can offer to sell your Amazon Gift card to friends, co-workers, or your family members. We can almost guarantee that youll find a solid group of interested buyers within your own personal network.

    Let them know youre looking to sell your Amazon gift card for a discount, give them the card details and let the bidding begin.

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    Is A Visa Gift Card The Same As Cash

    Turn Your Visa Gift Card Into Cash 2017

    A Visa gift card offers the same functionality as cash, in that you can make payments with these methods. There are main differences to consider between gift cards and cash.

    The most obvious is cash can be used for basically anything, while individual gift cards are only applicable in certain circumstances. Another thing to consider is you can have as much cash on hand as you have.

    Visa gift cards only allow a certain amount. You can still transfer Visa gift cards to cash, but it requires specific methods.

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    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.

    Dont Sell Gift Cards On Ebay

    EBay has always been a popular place for buying and selling things online but it might be the worst way to sell gift cards.

    First, an eBay buyer isnt likely to buy your gift card for more than 80% to 90% of its value. For a $100 gift card, you can count on a loss of between $10 and $20 right off the bat.

    On top of that, you may be responsible for eBays insertion fees, a final value fee and a performance fee if your eBay seller account isnt in good shape. These fees eat further into your earnings.

    You may be thinking, hey, dont Raise and Gameflip also have seller fees? They do. But these marketplaces specialize in selling gift cards, so the base value of your gift card is much likely to be higher on Raise or Gameflip than eBay. Also with eBay, theres no built-in way to verify your gift card code or balance making the selling and shipment process much more of a hassle.

    In short, stick with one of the five gift-card selling websites above to get the most money for that ol AppleBees gift card thats nearly fused together with your wallet.

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    Gameflip Is The Safest Way To Sell Google Play Gift Cards For Cash

    Gameflip is the simplest way to sell unwanted Google play 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.

    Your Google play gift card will be listed in front of the thousands of buyers participating in the marketplace. To sell Google play gift cards quickly, set the price between 2% and 15% off the original amount. Depending on the popularity of your Google play gift cards, you may need to adjust the asking price to attract buyers.

    Simply list your Google play gift cards using our website or our free mobile app. We recommend choosing auto-delivery for fastest and smoothest transaction. After the buyer receives your git card code, redeems and completes the transaction by rating, the sale proceeds are immediately deposited into your Gameflip wallet. You can choose to withdraw your sale proceeds any time.

    How Do I Use My Gift Card

    Itunes gift card walmart

    There are two types of gift cards offered by banks, and these are open-loop and closed-loop. Financial institutions issue the first one, and you can use it to buy goods at any place accepting the cards. The second one can only be used with a specific merchant. For example, you can have a gift card that can only be used with Walmart or Amazon.

    When you want to buy items with your card, you visit a store accepting the cards and then use a gift card reader machine to communicate with the card issuer, allowing a specific value deduction.

    One time gift cards are useless once their value is exhausted. However, reloadable cards allow you to top up money when the balance is low. Banks and other financial institutions usually offer reloadable cards with no fees so that you do not have to buy cards now and then.

    While there are tangible gift cards, there are also mobile gift delivered to mobile phones via email or SMS. You can use them online with social apps instead of queuing in stores. Visa virtual cards are useful anywhere in the world.

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