How To Make Over $70000 A Year Flipping
Learn how this couple flips items for maximum profit. Flea market flipping is big business and could be your ticket to a dream job, with no boss, and more financial freedom to do the things you love!
Remember you need to buy items from vendors that accept gift cards as payment. Established sites such as eBay and Facebook Marketplace are a great place to start.
Once you have bought the item, you now just need to resell it for a higher price than you paid. After it has sold you now have the cash in your account to use however you like.
Buying and selling goods will involve more work than the other methods listed. However, it can mean making a profit on the gift cards which for many means the extra time spent is worth it. If you are in a rush for cash then one of the other methods will be better.
Sell Your Visa Card Through A Website
If you have a digital card, then the whole process can be instant. However, if you have is a physical card, some of these websites will send you prepaid postage that you can use to send in your card. This means that you wont end up spending any money on mailing.
And if you are wondering how you can email a gift card to a friend for free, sites like Gift Card Granny makes it easy for you.
When it comes to selling though, just like the apps, websites too cut a fee. So before agreeing to sell, make sure you not only know how much percentage they will take but also go through their user reviews for the best deals.
Chase Freedom Unlimited: Best For Drugstores
The Chase Freedom Unlimited starts you off with a $200 cash bonus when you spend $500 within three months of account opening. You also earn at least 1.5 percent back on all purchases, 5 percent back on travel booked through Chase Ultimate Rewards, 5 percent back on Lyft purchases , 3 percent back on dining and drugstore purchases and 1 percent back on other purchases. No annual fee applies.
Why this card is ideal for gift cards: The Chase Freedom Unlimited lets you earn 3 percent back when you buy gift cards from drugstores.
Recommended Reading: Doordash Delight Number
What If I Think The Offer Is Too Low Will It Take My Card
Though you enter the card information to find out what the offer will be, youre not obligated to accept it. If you like the cash back offer, then you complete the transaction and deposit the gift card into the kiosk when asked. If you dont like the offer, decline it, cancel the session and keep your card.
How To Cash Out Money Off A Gift Card Through Paypal
- Log in into your PayPal account
- Select Wallet option
- Click Link a card or bank and continue through the prompts
- When PayPal asks for your personal information, add your Visa Card details. Then click link card
In case an error occurs, which is normal, there will be a need for you to register the card with your issuer so that an address is linked to the Visa card. After that, PayPal should have no problem accepting it.
Create a PayPal account here.
Also Check: Zola Store Credit
Add Visa Card To Your Paypal Wallet
PayPal is built to enable its users to transact entirely online for a fee. Normally, the service charges a fee that is equivalent to 3% of the transaction value.
Additionally, you can use prepaid Visa cards to send money through PayPal. What this means is that you can use your card balance to buy items from any merchant that accepts PayPal.
As such, you have the power to transfer money to your linked bank account or send it as a gift card to fellow PayPal users. Alternatively, you can sign up for apps such as Ibotta and earn free cashback that you can withdraw to your PayPal wallet- which is as good as cash.
Transfer The Amount To Paypal
A great way to convert your Visa gift card to cash is to use PayPal to transfer the money.
You can add Visa gift cards to PayPal and then use the balance as cash at retailers that accept PayPal as payment.
Its one of the easiest methods to use to exchange Visa gift cards for cash if you have a PayPal account so definitely consider using this method.
Recommended Reading: Airbnb Gift Card Balance
Many Ways To Sell Gift Cards For Cash
There are many ways to sell gift cards for cash. The most common way is to sell a gift card online to a gift card reseller that buys the unwanted gift card, sends payment to the seller and then resells the gift card to another customer. In addition to true resellers, there are also online sites that match gift card sellers up with gift card buyers, facilitating transactions without actually touching the cards.
One of the benefits of selling your gift card to an online reseller is that the cash back offer will generally be higher than any other method. The one drawback to using these sites, however, is that youll generally have to wait for payment to arrive. Depending on the reseller and payment method selected, you might wait a couple of days for a PayPal deposit or a few days for a check to arrive in the mail. Because the cashback offer is so good, however, I think online resellers are the best choice when you dont mind waiting to get your money.
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
You May Like: Check Online At Www Apple Com Go Gcb Us
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!
Can You Transfer Money From A Visa Gift Card To A Bank Account
Yes, it is possible to transfer money from a Visa gift card to a bank account but you have to go about it in a roundabout way. But dont worry! Its less difficult than you think to get around it.
Theres nothing worse than losing a gift card or forgetting you have it around so below Ill cover some options to help you liquidate your Visa gift card.
Recommended Reading: $20 Uber Gift Card
Can I Use My Gift Card In A Foreign Country
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.
How Do I Use My Gift Card
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.
Don’t Miss: Door Dasher Red Card
Can You Earn Credit Card Rewards Doing So
One major benefit of using a credit card to pay for gift cards is the fact you can earn rewards on your purchase. If you plan to give someone a $50 gift card for their birthday, for example, you could buy a gift card with plastic and earn points or cash back on that purchase, whereas you wouldnt earn anything if you gave them a $50 bill instead.
Just make sure you pick the right type of rewards credit card for your gift card purchases. Some rewards credit cards only let you earn cash back, while others offer flexible rewards or points you can use in a specific airline or hotel program.
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.
Don’t Miss: Mcdonalds Gift Card On App
Use Your Gift Card To Buy A Money Order
There are stores, including Walmart and several grocery stores that allow the purchase of money orders using your gift card, but the availability of this offer varies per region. Once done, the money order can then be deposited into your bank account and be used as cash.
However, you should not overdo this because some banks shut down accounts with too many money order deposits.
How Do I Add A Visa Gift Card To Paypal
If you want to add your Visa gift card to your PayPal wallet, follow these steps:
This should let you add the Visa gift card to your balance.
If you run into trouble, you can also check out this Business Insider article on how to add gift cards to your PayPal balance for steps.
Recommended Reading: How To Use Target E Gift Card In Store
Add Your Visa Gift Card To Paypal Wallet
PayPal Wallet is a phone app thatallows you to pay with a PayPal account.
It is called a wallet because youcan add your cards to this app and use them when making payments through thisapp.
One way to get cash from a visa gift card is to add the visa gift card to your PayPal wallet.
Once added then you can send itthat another PayPal account that you are holding.
Afterward, you can use a PayPaldebit card to withdraw the cash.
In case you dont have anotherPayPal account you can send the money to a colleague who can withdrawal it foryou.
The only drawback with thismethod is that PayPal will charge a processing fee of 1.4%
If your PayPal wallet isconnected to your bank account then that is much better as you can thentransfer the money to your bank account.
Unfortunately, sometimes it maytake up to five business days to reach your bank account.
Sell Gift Cards For Cash On Websites
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.
Don’t Miss: Gift Card Exchange Machine Giant Eagle
Where To Get Visa Gift Cards With No Fee
Most Visa cash gift cards come with an activation fee. In the table below, you can see how much the purchase or activation fee varies depending on the cards balance:
The purchase fee varies only if the cash gift card is physical. If you have a digital Visa gift card, the activation fee is $5.95, regardless of the balance.
To avoid paying the activation fee, you should purchase a Visa gift card in one of the following financial institutions:
Top Sites For Buying Gift Cards
Raise.com is one of the best for buying gift cards and its my personal favorite. Youre basically buying previously owned gift cards at a discounted rate. This gift card exchange site will only carry merchant-branded options, since thered be no reason for someone to sell off their Visa or MasterCard gift card. Use this gift card exchange site to sell off any unwanted gift cards you may have also.
Save On Popular Gift Cards Below With Raise.com
- TJ Maxx
- Whole Foods
Gift Card Granny offers branded gift cards from various retailers, as well as a variety of Visa and Mastercard gift cards. Youll be able to get various discounts and cash back rewards with your purchases.
You May Like: Sell American Airlines Gift Card
Can Gift Cards Be Used To Launder Money
Yes, both store gift cards and prepaid cards have been used by criminals to launder money for the simple fact that they allow anonymity. Generally, these cards can be used to avoid causing laundering alerts.
For example, one can pre-load large amounts of money into a prepaid card and transfer small amounts into bank accounts a process known as smurfing. This is very common with drug traffickers and is obviously illegal.