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How To Convert A Gift Card To Cash

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Sell It On Marketplaces Apps & E

How to turn unused gift cards into cash

Online marketplaces such as Facebook Marketplace, Craigslist, and Letgo allow you to exchange your Visa gift cards for cash.

This process wont have you paying extra charges on your visa card cash exchange.

You could also consider other e-commerce trader-friendly sites that allow you to sell off your Visa gift cards for cash without paying any fees at all.

Another option you could explore to turn Visa cards into cash is selling through an app.

While some gift cards to cash apps charge steep fees to convert visa gift cards to cash, others will take a fee based on a percentage of the amount on the gift card you wish to convert.

Apps like Raise, available on Android and iOS devices, take up to 15% commission. Although, you can be sure of getting your gift cards converted for cash fast.

If you would love to try using an app for conversion, you can also try the Prepaid2Cash app.

While their commission rates are not as transparent as Raise, this app is significantly cheaper because they offer a 92% cashback on Visa gift cards.

This translates to about 8 percent off as a commission. Another reason I love the Prepaid2Cash app is the numerous offers given to the gift card seller.

You can decide to pick other withdrawal options if you dont want cash for your gift cards.

Ways To Convert Gift Cards To Cash

Sometimes gift cards are the best gifts and other times not so much. Fear not, you can convert those gift cards into something you can actually use cash or perhaps something as good as cash an Amazon gift card. Here are options on how to convert your unwanted gift cards shared by Bens Bargains.

Turn your Visa gift card into an Amazon gift card.

Particularly useful when you have a few Visa / Mastercard / AMEX / Discover gift cards with a few bucks left on each, converting these will let you bank all the balances on your Amazon account.

  • Log into your Amazon account, go to your account page and add your gift card as a payment option.
  • Check your remaining balance on the card , then go to an . Set the remaining amount as the eGift cards value and put your own email address in as the recipient.
  • Go back to your Account page, click Gift Cards and apply the gift card code to your balance.
  • Sell your gift card on a third party gift card site.

    There are a number of these types of sites, CardPool, CardCash, Raise, etc Ultimately, you are going to take a percentage hit when selling the card, but you will have something more valuable if you werent planning on using the card in the first place.

    Here are some examples with a $50 Best Buy card :

    • Cardpool: Offers a check for $44.25 or an Amazon gift card for $46.91. .
    • CardCash: Offers a check / direct deposit / Paypal for $43.50 or an Amazon gift card for $45.67.
    • Raise: Offers payout via check / direct deposit / Paypal for $41.83.
    • TAGS

    Regift The Visa Gift Card

    If youve ruled out all of the other options above, it may be time to think about regifting. If you were going to spend money buying a friend or family member a gift anyway, you can instead gift them your gift card instead.

    Just make sure you remove any identifying information that shows it was initially a gift FOR you to avoid potential awkwardness.

    Also Check: How To Make Gift Cards Into Cash

    Can You Get Cash From A Vanilla Visa Gift Card

    The short answer is not exactly, but the longer answer is it depends on the method you use. Vanilla Visa gift cards are the more popular choice for consumers since its easy to use.

    There is a difference between a Vanilla gift card and a prepaid reloadable one. The former cannot get cashback from local ATMs, while the latter does.

    What you can do is use a Vanilla card to transfer to PayPal or Venmo. Remember they take any prepaid card from Visa, which includes these gift cards.

    You can always check the balance to make sure everything is correct. Its as good a method as any to ensure you can cash from a gift card without having to use the gift card itself.

    You can also use exchange kiosks, although these might be in rare locations. The kiosks do take a fair amount of money from the fees, but they are the easiest method to get your cashback from the gift cards.

    If you can find any nearby grocery store with this machine, I highly recommend doing so. Its arguably one of the most dependable methods to transfer any Visa gift card to cash.

    You can even sell to any merchant in the local market but beware of transaction fees. If you plan on selling a smaller card, the costs dont really add up to anything noticeable.

    Visa gift cards with more considerable sums lose a good chunk through fees, so be careful when you consider this option. These fees vary depending on the vendors themselves. If they are too expensive, I suggest not going through with it and choosing another method.

    Sell Gift Cards Online Direct Deposit

    How to Convert Gift Cards to Cash

    There are several sites where you can sell unwanted gift card like CardCash and GiftDeals . However, usually you will sell a gift card cheaper than its face value. All you need to do is to state the merchant of your card and then check for the highest offer. The price of the card depends on how popular the card is. Different gift cards have different procedures for selling.

    We have selected for you some marketplaces where you can consider selling your gift card. Be aware that you will be paying a small fee or commission at most online gift card exchange sites. Therefore you also may want to look into the options to sell your gift card locally.

    You May Like: Can I Purchase Visa Gift Cards With A Credit Card

    Shopping Online With Your Visa Gift Card Always Use The Honey Browser Extension

    The Honey extension is a free tool that automatically scans thousands of potential vouchers, codes, and discounts so you dont have to! If there is money to be saved, Honey will find it and automatically add it to your cart!

    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.

    Giftcash Is A Trusted Website With Some Of The Highest Payout Rates In The Industry

    • Payout value: Up to 92% of the value of your gift card depending on the retailer.
    • Payout options: ACH, Cryptocurrency
    • Retailers accepted: More than 150 brands.

    You can sell your unwanted gift cards with confidence on GiftCash.com! Although their expected payout turnaround time is among the longest on this list , youll receive communication from them throughout the process so youll always know where your transaction stands.

    In the end, many users report that it only took about half as long as expected to receive their payment!

    Heres an awesome Hip2Save reader testimony:

    Ive used ALL of these services. Ive only ever purchased from Raise but I have sold gift cards to the other companies listed above that I wasnt using. I had a great experience with all of them and highly recommend! Heather, Hip2Save reader

    Also Check: How To Scan A Gift Card

    Take Advantage Of Local Laws To Cash Out Small Balances

    Depending on where you live, you may be able to convert your Amex gift cards to cash if the balances are small. Some states have laws that require retailers to convert remaining gift card balances to cash if the balance is under a certain amount. While these balance requirements are typically small and do vary by state to state, it can be worth checking, especially if you have multiple gift cards. Check the cash out requirements by locality here.

    Convert Your Gift Card To Cash With Donotpay

    8 Ways To Convert Visa Gift Cards To Cash

    DoNotPay always finds a way to make complicated processes simple!

    All you have to do to get cash for the remaining balance on your gift card is follow these steps:

  • in your web browser
  • Click on our Cash Back on Gift Cards product
  • Fill in your card details, such as vendor, date of purchase, and the remaining balance
  • We will send your claim to the nearest outlet for them to process. It doesnt matter if you dont live in a state with a cash back policywe will make sure your request is sent to an outlet where your cash back is required by law. You should get your money within 14 days.

    Read Also: Who Sells Athleta Gift Cards

    Sell Your Visa Gift Card On Ebay Or Craigslist

    You can sell your Visa gift card on eBay or Craigslist. This can be a good alternative to selling through Raise or CardCash. What makes eBay and Craigslist good is that you can decide how much you want to sell your gift cards for.

    Now, you will likely have to sell the card at a bit of a discount because thats what people are after when they purchase a secondhand gift card.

    How Much Do You Get For Gift Cards At Coinstar

    Coinstar discontinued its gift-card-buying services at all Coinstar terminals. However, if youre using Coinstar to count your change, you can maximize your payout by choosing to accept payment by gift card. This option allows you to skirt the fees associated with cash payout.

    Dana Sitar is a former branded content editor at The Penny Hoarder. Adam Hardy is a former staff writer for The Penny Hoarder who specializes in stories on the gig economy.

    Recommended Reading: Can You Buy Uber Eats Gift Cards

    Should You Liquidate Your Gift Card

    When deciding whether or not to liquidate your Visa or Mastercard gift cards there are some factors to consider. First the pros of liquidation:

    • You have the cash in your hand or bank account
    • The full amount of the gift card can be used once exchanged for cash, after all, how often do you end up with a gift card with a few dollars left on it that never gets used?
    • Once you have the cash you can use it for whatever you need such as paying off debts, investing, or adding to a savings account or emergency fund
    • Cards often have expiry dates or may charge a fee if not used within a certain timeframe, once converted to cash you dont have to worry about this as cash doesnt expire

    The pros of liquidating a gift card usually outweigh the cons. Sometimes keeping a gift card is best though. Here are the cons of liquidating a Visa or Mastercard gift card to help you make a balanced decision:

    • You get to spend the full balance as liquidating can mean losing part of the balance due to fees and other related costs
    • Can be time-consuming to find a workable liquidation solution

    In the next section, you can read about some of the best ways to convert a gift card to cash. This will also highlight that sometimes you can lose out on the value of a gift card. Reasons for this include either having to pay a flat fee to convert the card or only receiving a percentage of the gift card value in return for exchange.

    Easy Ways To Convert Visa Gift Cards To Cash

    7 Simple Ways to Convert Visa Gift Cards to Cash

    There are many ways to convert Visa gift cards to cash. In this article, we’ll share the fastest ways to get access to liquid cash when you need it.

    If youre reading this, chances are you have a Visa gift card you probably received as a gift for your birthday, wedding, or as a kind gesture from a relative or friend.

    You accepted it with a warm smile, but deep down, you wished it was cash instead. So now, youre on the internet looking for ways to convert your visa gift card to cash.

    Dont worry. Weve all been there.

    The good news is, there are ways to turn them into cash that can be as simple as taking one quick scan and receiving cash as soon as the next business day.

    Dont believe me? Lets get right into how to convert Visa gift cards into cash.

    Recommended Reading: Can I Use Amazon Gift Card On Comixology

    Give The Visa Gift Card Away As A Gift

    Another great way to convert Visa gift cards to cash is by giving them away as a gift. One of the great things about Visa gift cards is that they can serve as a cash gift. If you are attending a special occasion such as a birthday or baby shower, you can give a Visa gift card to the person.

    The person will be able to use the gift cards like cash to purchase the items of their choice. This is a great way to give someone a gift that is similar to money. Instead of giving someone something like cash in a card, you can simply put the Visa gift card in a special card and give it to them as a gift.

    Gift Cards Into Cash Final Thoughts

    Visa and Mastercard gift cards can be used in a lot of ways either in-stores or online. If you have a gift card or more than one, then they can be redeemed anywhere that has the Visa or Mastercard logo.

    Having lots of gift card balances might sound good but often converting to cash is better. Why? One reason is that you could lose the gift card balance if you havent used it in time. Having cash is preferable for many people as it can be used for anything you like. Cash can be used to pay debts, add to investment portfolios, or put into a savings account.

    Another great reason to convert to cash is that it is easier to monitor your total wealth. This can be invaluable for people striving to live a frugal lifestyle as knowing exactly how much you have at all times is a big part of planning a healthier financial life.

    When converting gift cards remember to check for any fees that may apply. If a fee is involved factor this into your decision when deciding how to liquidate Visa gift cards. When you have the time always go for the option that gives you the biggest return.

    If one of the methods listed above stops working, dont panic! You have 10 others that will allow you to convert the gift cards to cash.

    In most cases, you can have the money quickly and be free to use it for whatever you need. Simply make a choice and get started!

    Related:

    Recommended Reading: Can You Transfer Money From One Gift Card To Another

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    Consider Ways To Get Paid

    Money: 3 Ways to Turn Gift Cards Into Cold, Hard Cash

    Depending on the service you choose, when you sell a gift card you can receive a check in the mail, a PayPal payment or a more useful gift card.

    Payment apps might be quick, but keep those pesky transaction fees in mind if you want to maximize your payout. Checks may take a little longer, but theyre as good as cold, hard cash. And depending on your spending habits, another gift card might be the best choice, as the conversion rate is going to be the highest.

    Each selection has its own perks, so choose whichever best fits your needs.

    Also Check: How Much Do I Have On My Visa Gift Card

    Sell It At Gift Card Exchange Kiosks

    Gift Card Exchange kiosks are yellow-colored shops mostly found in shopping malls and supermarkets.

    You can exchange your Visa gift cards for anything as listed in the Gift Card Exchange kiosk services. And more often than not, cash is always on this list.

    The process of exchanging your Visa gift cards for cash is pretty easy and straightforward.

    You should be aware that you might have to incur some charges redeeming your Visa gift card for cash at a Gift Cards Exchange Kiosk.

    These charges are usually insignificant compared to the cash you would be getting for your gift card.

    Plus, you might have to present some form of identification to comply with any exchange requirements.

    Asides from that, all you need to do to exchange your Visa gift cards for cash is to enter your card information and choose from a variety of offers available to you.

    After you choose to get paid with cash, youll be issued a voucher to take with you to the cashier and get your money.

    Can You Transfer Money From A Gift Card To A Debit Card

    Its not generally possible to directly transfer money from a gift card to a debit card. However, some of the tips outlined above can let you do that if you add a few extra steps in the middle.

    For example, if you add your Visa gift card to your PayPal wallet and then transfer that money to your own account, youll have access to that cash via your debit card.

    Similarly, by selling the card through an app or a website, the company that buys it from you will either transfer the money that you make to your bank account or may send you a check. Either way, the money will then be in your account and ready to be used by your debit card.

    This means that while its not strictly the case that you can transfer money from a gift card to a debit card, the workarounds are super straightforward to do.

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