Sunday, September 25, 2022
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How To Convert Gift Cards To Cash

Raise: Best Gift Card Exchange Overall

9 Easy Ways To Convert Visa Gift Cards To Cash 2022
Reasons to buy
Reasons to avoid

Raise has a well-designed gift card exchange website. The layout is clean and modern and it’s clear where to go to buy, sell and earn rewards. The free mobile app has the same feel and is equally easy to use. One thing we really liked about this exchange website is the shopper guarantee. For an entire year from the day you purchase a gift card, Raise will refund your purchase price if the cards if you’ve been waiting for a physical card to arrive, it has an incorrect balance or is just simply not the card you ordered.

Raise offered us good money for our gift cards, and had deals on top retailers with an additional option of cashback where gift cards werent available. You’re promised around 85-90% of the value when exchanging gift cards for cash, which is low among exchange sites. However, we found during tests that the final amount we received was comparable to other sites, which can levy hidden fees.

You can get paid via PayPal, direct deposit, and a check in the mail . Coupled with an impressive A rating from the Better Business Bureau, this is the gift card exchange company wed recommend.

Give Away The Card As A Gift

Gifting a friend or family member a Visa gift card for the holidays or their birthday is a great way to offset any costs you had intended to spend on gifts.

Lets say you wanted to buy your friend some shoes that cost $100, but you have a couple of $100 gift cards you dont use. You can give away one of the gift cards and forego spending cash.

Youll have essentially turned the Visa gift card into cash and saved some money on gifts.

Theyre able to use the card on whatever purchase theyd like, and you save yourself a hundred bucks. Win-win.

So if you were planning on buying them something, gifting them a Visa gift card might be a better alternative.

What Visa Gift Cards Can Be Used At An Atm

If you currently have a Visa gift card and want to know if you can use it directly at an ATM, the short answer is no. Because these types of gift cards are coded to be used in stores or at restaurants, you cant directly get money from an ATM from them.

You can, however, use some of the methods listed in this post such as selling the gift cards for cash on places such as Facebook Marketplace or Gift Card Granny.

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Convert Your Gift Card To Cash With Donotpay

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.

    Simple Options To Convert Visa Gift Cards To Cash

    Exchanging Gifts Cards For Cash
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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
  • Also Check: Zola Store Credit

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    How To Convert A Gift Card To Cash

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    Move to Quebec and request cash if the balance is $5 or less.

    ES_Revenge wrote: âEhhh SDM v. The Bay? If it were me, I’d rather stick with SDM. At least then I could get snacks and foods and stuff, and with sales it’s decently priced. The Bay, what the heck is there to buy there, even the stuff you might be interested in, it’s probably overpriced. Perhaps convert to Bay and then give to grandparents? lol. Mind you I have no grandparents but perhaps an idea for OP!

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    Can You Transfer A Visa Gift Card To The Cash App

    You cant transfer a Visa gift card to the Cash App as this app doesnt allow gift cards to be used as a payment option. Instead, you have to find a way to convert the Visa gift card to cash and then add that as a balance to the Cash App.

    Id particularly recommend checking out some of the options in this article on how to add the money from your Visa gift card to your PayPal account. This is because, from there, its very easy to add this amount to your Cash App account.

    Can You Take Money Off A Gift Card

    How to turn unused gift cards into cash

    Sadly, probably not. You can’t simply take a gift card to an ATM machine and get cash immediately.

    Why? Just for the simple fact that it is a gift card. However, there are plenty of options that you can do to get money in exchange for the value of the gift card.

    You can likely get money off of a reloadable prepaid card. But that’s not the question. We are talking about gift cards. Based on our research, the best option to get cash in exchange for a gift card is to simply sell it for a discount instead.

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    What Types Of Gift Cards You Can Sell

    Gift cards are special for everyone to make their wish come true whether it is a birthday or anniversary you can express your feelings through gift cards. Zingoy is the best place where you get to choose from wide store categories like birthday gift card, wedding gift card, anniversary gift card and more. It is the best options when you are looking for simple gifting rather than carrying a huge gift. Other gift cards you can check out our travel, food, fashion, shopping, electronics and more.

    What About Other Gift Cards

    iTunes gift cards are unique in being true one-shot cards. Most other gift cards can be used multiple times until their value is depleted.

    Many gift card vendorssuch as Dominos, AMC, JCPenney, and Chipotlewill tell you that their used gift cards are not redeemable for cash except where required by law.

    This refers to legislation in 11 states and Puerto Rico that makes it mandatory for vendors to exchange certain values on gift cards for cash.

    The values and states are as follows:

    State

    This means that you can get cash back on your gift card up to these amounts in these legislations.

    The downside to this is that you need to:

    • Be in one of the states listed
    • Go to an outlet of the company that issued the card
    • Explain the law to a member of staff who may or may not want to cooperate

    Yet again, DoNotPay has come up with a solution, though. We can get cash back on your gift card in a few clicks wherever you are!

    Also Check: Check Lulu Gift Card Balance

    Use Your Visa Gift Cards To Buy And Resell Items For Cash

    This method requires a bit more ingenuity and a few extra steps, but it can be worth it if you have a sales spirit.

    Basically, you can use your Visa gift card to purchase items on sale at lower prices and list them on platforms like eBay, craigslist, or even your social media account for sale.

    For instance, if you find a sale on wireless earbuds worth $80 going for $40, you can use your gift card to make the purchase and resell it for $60.

    You end up getting $20 more than you spent, and youve successfully converted a portion of your gift card into cash.

    This works really well if you have a knack for finding the best deals, promotions, and discounts on items.

    Whats more, some online payment sites like PayPal allow you to make purchases using your prepaid gift card even without having an account, making it less of a headache when its time to make a purchase.

    Add It To Your Venmo Account

    Whatâs the FASTEST Way to Get Cash for Gift Cards?

    Another awesome way to convert a Visa gift card to cash is by adding it to your Venmo account. Not a lot of people know this but Venmo actually allows their users to add Visa gift cards to their Venmo accounts.

    How do I transfer a Visa gift card to my bank account on Venmo?

    Here is how to transfer a Visa gift card to your Venmo account:

  • Go to your Venmo app.
  • Type in your Visa gift card information and click add card to your account.
  • Once you do that, you will be able to transfer your funds to your bank account. If you come across any issue, simply reach out to the Venmo support team for help.

    Recommended Reading: Gift Card Exchange Machine Giant Eagle

    Add A Visa Gift Card To Your Amazon Account

    So many of us shop on Amazon, right? In fact, in June 2021, it was reported that Amazon was the most visited eCommerce site with about 2.45 billion monthly visits to Amazon.com!

    Thats pretty impressive!

    Since most of us do shop on Amazon, funding our gift card balance can be such a good idea. Its basically free money to spend on the platform.

    You can use your prepaid Visa gift card to .

    Sure, its not cash that you can spend anywhere or withdraw from an ATM. It is, however, money to spend on Amazon, which frees up the money in your bank account that you would have otherwise spent.

    Lets say you want to buy something for $30 on Amazon. Instead of using your debit card, you use a Visa gift card to cover the cost. This means youve gotten $30 cash freed up in your bank account.

    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.

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    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.

    Sell Your Gift Card Using An App

    How To Turn Gift Cards Into Cash Tutorial

    Using an app to convert your gift card to cash is super easy. The downfall is that this method tends to net you fewer dollars due to the higher commissions rates.

    Its not always going to be the most expensive option though. As with every method, its best to check it out for yourself and compare.

    Two popular gift card apps are:

    Youre not locked into selling your gift card to them after getting a quote so theres zero obligation. It never hurts to get a second opinion on your gift cards selling value.

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    Use It Sell The Items For Profit

    Now since we are talking about unconventional ways here is another way you could try.

    It involves using the gift card to buy cool stuff from Amazon and then selling it online for a tidy profit.

    The most significant advantage of using this method is that you dont have to sell your gift card for a discount and you end up making a nice profit instead. Plus if you happen to be an Amazon Prime member, you stand to earn cash rewards too.

    How does that sound to you? Good? Then go for it.

    Can You Use A Visa Gift Card At An Atm

    Visa gift cards cannot generally be used at an ATM as they do not come with a PIN. That is, ATMs only allow you to withdraw cash if you have a PIN for security reasons. This means that any card that doesnt come with this will not be able to finish the transaction.

    There are, of course, other ways to get cash from your Visa gift card, as youve probably seen from all the other options in this article. That said, most of them require a couple of extra steps to get to that point.

    While theyre all pretty simple, unfortunately none of them are quite as straight forward as simply withdrawing the balance in cash from an ATM. Dont consider that as too much of a hurdle though, as those extra steps needed to access that cash really arent that difficult to do.

    Also Check: Can I Buy An Uber Gift Card Online

    Target Specific Groups On Social Media

    If you received pricier items as holiday gifts, you probably don’t want to just throw them out on a yard sale table and hope for the best. Instead, you may want to make more of an effort to sell them for as much money as possible with the help of social media.

    Say you received a $150 purse that isn’t your style. If you find a group dedicated to handbag sales and trends, you might find a buyer who will pay closer to your purse’s actual retail value, especially if it’s brand new with the tags still attached.

    Many people have the best of intentions when giving out holiday gifts. But if you’re sitting on items you don’t want, you might as well try selling them — especially if you have holiday debt to pay off or have another pressing need for cash. You may need to be careful when selling those items, though. It’s one thing to unload a gift card for cash and move on. But if a family member bought you something specific, like a vase, they might expect to see it out on display when they visit. You’ll need to be judicious about the items you choose to sell versus keep.

    Can You Redeem Gift Cards For Cash

    5 Ways to Convert Gift Cards to Cash

    A gift card is a great gift for those who are difficult to shop for. Sometimes, however, cash is much preferred over a gift card. Luckily, there are several things you can do to turn your card into cash. You can sell your gift card, trade it in for cash, or use your gift card to gain points that will save you money.

    Also Check: Amarktflow Gift Card

    Buy Stuff You Really Need

    Ok now heres another cool idea and this is how it works. As you probably know already, Amazon sells thousands of products online across hundreds of different categories. This also includes many of the daily essentials that you need to buy anyway like soap, groceries, accessories, clothing etc.

    So you use your gift card to buy the stuff you need for FREE and in return, you gift yourself the cash from your bank account which you would have commonly used to pay for the stuff to do as you please.

    This way your gift card is put to good use and you also get your hands on some surplus cash to spend as you deem fit.

    In Conclusion

    With over 562,382,292 different products listed , it comes as no surprise why Amazon continues to be among the top choices for online shopping.

    Having said you should face absolutely no problem in finding a buyer for your unused Amazon gift cards either online or offline using any of the simple ways suggested in this article. Good luck.

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