Transfer Visa Gift Card To Your Venmo Account
Just like PayPal, youre able to link your prepaid gift card to your Venmo account and transfer the funds to your bank account.
The process is straightforward and only requires that you access Payment methods in the settings section within the app.
Youll be able to link your card by following the prompts that follow.
Whats great about Venmo is that it doesnt charge a fee for a standard transfer, but if you opt for an instant transfer, it will only charge 1% of the value of the transaction, which makes it similar to PayPal .
In terms of the waiting period, standard transfers can take one to three business days for the funds to be deposited into your account, while instant transfers take 30 minutes.
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 To Transfer A Visa Gift Card Balance To Your Bank Account With Square
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Visa gift cards are not cash, but it is possible to turn them into cash using Square, a card reader for small businesses to take credit card charges. Some articles suggest using PayPal, but PayPal doesn’t always work since these gift cards can’t be verified. Square is another option, but it will cost you a percentage of the amount transferred and the cost of the reader if you purchase one . Please note that some users report Square has started to block Visa gift cards for some users. There is a possible workaround, but there is no guarantee it will work either.
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How To Get Money Off Your Gift Card
Here is how to get money off a gift card.
The process is easier than you think. First, you have to check the balance on the card. This is so that you can determine if this is worth it or not.
Next, you are going to want to take your card to a gift card exchange kiosk. Follow the directions on the screen. Check over everything before you hit accept.
Take the receipt to the cashier and get your cash. Its like going to the CoinStar.
Alternatively, to get money from your gift card you can do the following:
- Sell your gift card.
- Use the gift card to buy an in-demand product and then sell the product.
- Buy money orders directly to pay yourself.
- Trade your gift card for something else. This is similar to selling but you can get a different product for it in exchange.
Convert Visa And Mastercard Gift Cards Into Cash
Do you have a Visa or Mastercard gift card you want to change into cash?
Are you wondering if its possible to actually get cash for a Visa gift card?
How do you convert a Visa gift card into American Dollars?
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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Easy Ways To Convert Visa Gift Card To Cash
Here are common questions people ask about how to get cash from a Visa gift card:
- Can you turn a Visa gift card into cash? You can get cash from your Visa gift card by using it to pay your bills, resell it, buy a money order with it and finding ways to pay yourself with it. You can also opt to cash it out through an app called Prepaid2Cash or find a gift card kiosk near you. The Prepaid2Cash app makes getting cash for your Visa gift cards easier than ever before.
- How can I get money off of a gift card? Take it to a gift card exchange kiosk or sell it online or near you via a selling app.
- Can you withdraw cash from a Visa prepaid card? The all-purpose Visa Prepaid card is a prepaid card that you can use to withdraw cash, pay bills or make purchases anywhere Visa Debit cards are accepted, in-person or online.
- Can I transfer money from a Visa gift card to my bank account? Venmo lets you add Visa gift card balances as long as the transfer isnt blocked for fraud protection reasons. You can transfer the balance to your account after it is loaded.
Add Gift Card To Paypal Wallet Online
A feature of using PayPal is the option to add Visa gift cards to your PayPal wallet. Once you have added the gift card to your wallet you can use the balance just like cash. This means you can make a purchase from any merchant that offers PayPal as a payment method. Most online retailers accept PayPal so you now have a huge range of retailers that you can use the gift card balance with.
Not only could you spend it like cash with merchants that accept PayPal, but as it is now cash there are other ways you can use the balance. You can transfer the money to your linked bank account or send the money to other PayPal users. Keep in mind that fees may apply of up to 3% when transferring money using PayPal.
How do you add a gift card through PayPal?
Adding a gift card through PayPal is extremely easy. You just have to follow 4 simple steps, they are:
- Log in to your PayPal account.
- At the top of the page click on Wallet
- You should now see an option on the left-hand side that says, Link a card, click this option.
- On the next screen fill in the gift card information and click add card
Thats it! In 4 easy steps, your gift card is now linked to your PayPal account and the balance can be used as cash.
If you do experience any problems adding the card such as an error message, contact the card issuer. Sometimes a card must be registered first to make sure the address matches. Once that is done there should be no trouble linking the card to your PayPal account.
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Can I Convert A Visa Gift Card To Cash At An Atm
Unfortunately, you cant withdraw funds from your Visa gift card at an ATM. Prepaid gift cards are primarily meant to be used in exchange for goods from a merchant.
A common characteristic of withdrawing funds from an ATM is that your credit card or debit card is connected to a checking account.
In comparison, a Visa gift card is not connected to a checking account but rather pre-loaded with funds you use to shop.
Additionally, Visa gift cards do not have PINs which is one of the main features of credit cards and debit cards. So, for now, converting a visa gift card to cash at an ATM is not an option.
Convert Gift Cards Into Cash
Visa and Mastercard gift cards are popular for predominately two types of situation:
- To be given as a present
- For shoppers that want to save money as there are often incentives linked to the gift cards
Both of these situations are adequate reasons for buying a gift card and gifting them to someone. However, if you are the recipient of a Visa or Mastercard gift card should you keep it? Or are you better off exchanging the card for cash instead?
Incredibly, 10% to 19% of gift card balances remain unredeemed and around 6% of gift cards are never even used at all
In many cases exchanging a Visa or Mastercard gift card for cash will be the better option. Here are a few reasons why:
- Cash has no expiry date
- You can spend the full amount, with a gift card you could lose any that you havent used, or if you use it online you could lose part of the balance on delivery fees
- Cash is always acceptable, if there is a disaster you know you can buy what you need with cash
- Cash can be used for anything including adding to savings, investments, or paying down debts whereas gift cards are limited to making purchases
For these reasons, most of the time cash is superior to a gift card. Later you can learn 11 of the best ways to convert Visa or Mastercard gift cards into cash. Before that, what is a Visa or Mastercard gift card?
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Add It To Your Paypal Balance
If you are looking to convert a Visa gift card to cash, try using PayPal. PayPal uses the Card Cashwebsite to help individuals transfer gift cards to their PayPal balance.
If you use the PayPal option, you will have to purchase another gift card with the Visa gift card first. Due to the fact that Card Cash only accepts gift cards from stores and restaurants, you will have to purchase a gift card from one of their accepted merchants first.
Once you do that, you will be ready to go. Here are the instructions on how to convert your gift card to PayPal cash using Card Cash. With this method, you will be able to transfer a Visa gift card to a bank account.
1. Go to the website Card Cash and click on the Sell gift cards option. Enter the merchants name and the balance on the gift card. Then click Get Offer.
2. When you get an offer, you will see the PayPal amount you can exchange the gift card for right on the site.
3. If you agree with the amount, all you have to do is click Get Cash and then select how you would like to get paid. If you want the PayPal option, click PayPal Express.
4. Enter your gift card number and pin. Then click Connect with PayPal. Log onto your PayPal account and fill out the required fills and then click Get My PayPal Balance.
Check out PayPal to see the same instructions and more details on how to transfer money from gift cards to your PayPal balance.
Additional Ways To Earn PayPal Gift Cards
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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Physical Vs Virtual Visa Gift Card
There are three main differences between a physical and a virtual Visa gift card. Before purchasing one or the other, make sure to read this section.
How Long Does It Take To Deliver A Visa Gift Card?
It takes between 7 to 10 business days to receive your physical Visa gift card .
However, it takes only between 15 minutes and 24 hours to receive your virtual Visa gift card.
How To Spend Your Visa Gift Card Balance?
You can use your physical Visa gift card almost anywhere you want online, over the phone, and in retail locations.
However, with a virtual Visa gift card, you can only use it online or over the phone.
What About The Differences Between Visa Gift Card Activation Fees?
The activation fee you pay for a physical Visa gift card depends on its balance when purchased.
However, with a virtual Visa gift card, you are charged a flat fee, no matter how much the balance of the card is.
For more information about fees, you can go to the Fees section of this article.
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:
- Mistplay: Earning money by playing games on your phone sounds like a dream. But this app really pays you for playing new games with cash rewards.
- SurveyJunkie: Make up to $50 per survey in your spare time from home to take online surveys, participating in Focus Groups, and trying new products. Join SurveyJunkie Now
- Swagbucks: Watch videos, take surveys, shop, and more to earn real money. Join Swagbucks Now to Get $10 Free
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.
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Sell New Or Used Gift Cards On A Fixed
You may not able to get cash back on a Visa gift card in the traditional ways, such as at an ATM or cash back after a purchase, so you can consider selling it online.
You can sell it on sites like Raise, CardCash, Giftcard Zen, and Cardpool thatll buy your Visa gift card in exchange for cash. If your gift card is a virtual one, you can get instant cash for it.
You can also opt to cash it out through an app called Prepaid2Cash or find a gift card kiosk near you. The Prepaid2Cash app makes getting cash for your prepaid cards and gift cards easier than ever before.
Prepaid2Cash 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. It is available for both iOS and Android devices.
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.
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Ways To Convert Visa Gift Cards To Cash
Perhaps you have received a Visa gift card as part of a promotion. Maybe you are registered on Swagbucks.com and redeemed the Swagbucks you earned for watching videos, taking surveys, playing games, and shopping online for a Visa gift card. Alternatively, you may have received your Visa gift card from your dear Aunt Thelma for your recent birthday when what you really needed was cold, hard cash to help you meet a financial goal you had set for yourself. Perhaps you wanted to pay down some debt, add to your emergency fund, or increase your retirement savings. Unfortunately, you cannot simply insert the gift card into an ATM to get the cash you desire. A Visa gift card is different from a Visa prepaid card, which is reloadable and can be used to get cash at an ATM. Nevertheless, there are multiple ways to convert that gift card to cash. Ten of these are discussed below:
1. Transfer Visa Gift Card to Bank Account via PayPal
If you do not have a PayPal account, consider asking a trusted friend or family member to upload the card to his or her account, giving you the cash for it.
2. How to Add Visa Gift Card to Venmo
Venmo is a PayPal-owned app that facilitates the transfer of money among friends and businesses. As with PayPal, you can upload your Visa gift card to the app and then transfer the funds to your linked bank account. Like PayPal, Venmo does not charge a transfer fee for a standard transfer, but charges 1% for an instant transfer.
5. Use It to Buy Groceries
How To Withdraw Money From A Prepaid Card
Visit an accredited ATM and use your prepaid card at an ATM that is run by the bank that issued the card. You can likewise visit any ATM that shows one of the network brands shown on the rear of your card. Enter your PIN, and complete your transaction.
Insert your card in the ATM machine and enter your PIN. The machine will at that point reveal to you how much the withdrawal expense is. Now, you can choose to proceed or drop your transaction. Select checking when asked what account you wish to use. In the event that you are withdrawing $20, but you have to pay a $3.50 expense, your withdrawal sum is $23.50.
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