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How To Convert Vanilla Gift Card To Cash

Use It To Get Another Gift Card

How To Turn Visa Gift Card into Cash Using Paypal or Venmo | Transfer GiftCard Money to Bank Account

Another option is to use the Visa gift card to buy gift cards for other brands and retailers. Perhaps you want to buy something at a place that doesnt accept your Visa gift card for purchases? Instead, you can use the Visa card to buy a gift card for a store where you want to purchase something.

Using a Visa gift card to buy another gift card can also be a good idea if you are looking to get more for your money because sometimes you can find gift cards on sale. For example, you could find a gift card for 10% off, which means that youre getting 10% of your Visa gift card balance for free!

You could get gift cards for stores like Walmart, Amazon, or Starbucks. Then, you can use the gift card, saving you cold hard cash that you can use however you want.

Oh, and you can actually earn gift cards for retailers by using apps like Swagbucks and Ibotta. You can learn more about this in the Get more cash with these websites and apps section below.

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:

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.

How Much Are Visa Gift Card Activation Fees

The amount of money you want to hold determines your Visa gift card activation fee.

The fee is paid when purchasing the card, so if you are on the receiving end, you wont have to pay any fees to use your Visa gift card.

Here are the different activation fees depending on the Visa gift card balance when you purchase it.

  • $2.95 for a $10-$74.99 balance
  • $3.95 for a $75-$149.99 balance
  • $4.95 for a $150-$249.99 balance
  • $5.95 for a $250-$349.99 balance
  • $6.95 for a $350-$500 balance

The flat fee for a virtual Visa gift card is $5.95, no matter the balance of your card.

Read Also: Where Can I Buy Reloadable Gift Cards

Gift Card Exchange Websites

Raise is an online marketplace for gift cards.

You list your gift card and set the selling price. You get paid via direct deposit, PayPal, or check when you sell your cards.

CardCash is another similar site, but instead of being a marketplace, they buy them from you.

Typically you don’t actually have to send them the card. The value can be transferred electronically to them using the card number and pin. If you do have to mail them in, it will take a bit longer to receive your money.

And if your card has an expiration date or is a promotional gift card, it likely won’t be accepted.

And remember, using these services will cost you typically 8-15% of the value left on the card.

eBay, or another similar eCommerce site, is another option. You can list your unused cards for sale. And even though a commission is charged, you’d pay less than the other sites’ fee.

How To Get Money Off Your Gift Card

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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.

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Are Visa Gift Cards Like Cash

Visa gift cards are like cash, in that they are preloaded with money to a given dollar value. One way is to use them as cash is by buying things in a store, physically or online.

However, unlike cash transactions whereby you get your balance in notes and coins, gift cards retain the balance after the purchase value is deducted.

Also, not all sellers accept gift cards as a mode of payment which is unlike cash that is universally acceptable.

Use The Reselling Method With Your Visa Gift Card

With the reselling method, you can buy something with the Visa gift card from a store and then sell the item online to earn cash. Since this takes a few more steps, I put this one last on the list.

To make this work, you have to purchase an item from a store and resell it. Most of the time, sellers will find items that are marked down at stores such as Walmart or Target and sell them online for a slightly higher price for profit. This normally happens after the holiday season when stores mark downs items.

Make sure to see what items are popular to sell online and then put the item for sale on places such as Amazon. This is called becoming an Amazon FBA seller.

A lot of time people will purchase the items for a discounted price and are able to sell the item for a higher price on Amazon. There are a lot of sellers making greatmoney doing this side hustle, and it could be a way for you to convert Visa gift cards to cash.

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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

Sell Your Visa Gift Card Through An App

How To Turn Gift Cards Into Cash Tutorial

Another option is to sell your Visa gift card on various apps that will buy it from you in order to resell it.

While this can be a quick way to convert your Visa gift cards to cash, the fees are really steep so this should probably only be your last option if the others arent possible for some reason.

For example, Raise has an app that does this for both iOS and Android, although theyll take 15% commission for doing this. Ouch.

A similar one is Prepaid2Cash, another site that has an app for iOS and Android in order to trade in your Visa gift cards for cash. This one works slightly differently, in that:

  • First you tell them the brand of the gift card
  • They then send you an offer through the app for the card
  • You have no obligation to accept this offer but once you do, theyll deposit it into your account in up to five business days

This means that the fees they charge are incorporated into the offer, so its not entirely transparent. They state, however, that the offer will be up to 92% of the card balance, meaning the fees are at least 8%.

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Can You Get Cash Back From A Visa Gift Card

As a general rule, only prepaid Visa cards are accepted when claiming cash backs. The only way to use your gift card is by reselling it, purchasing stuff, buying a money order, or regifting it to a friend. To get cash from the card, you have to jump some hoops, such as reselling it at a lower dollar value.

Types Of Visa Gift Cards

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.

Also Check: Can I Send Someone A Gift Card Online

Is A Visa Gift Card The Same As Cash

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.

How To Get Money Off Of Visa Gift Card Through Paypal

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Here are the steps to get the money off from a Visa gift card to your PayPal wallet.

  • Log in to your PayPal account.
  • Choose the Wallet option from the top of the page
  • Select Link a card or bank.
  • Add your Visa gift card details. Then click on the Link Card tab.

If it shows an error when you add the Gift card, maybe you should have first register the card with the issuer so an address is linked to the Visa gift card. After that, there should be no problem for PayPal to accept it.

Also Check: Can You Use Amazon Gift Card For Kindle

Buy Other Merchants Gift Cards

Sometimes the easiest way to convert your generic Visa gift card is to buy a new gift card at a merchant you use and love. You can make your gift card go further if youre able to find a gift card sale.

Some gift card deals let you save 20% or more on a gift card. This means that you could buy a $100 gift card for $80.

Amazon is a retailer that often has gift card deals. If youre a Prime member, you can double or triple up your benefits by combining it with these Prime money-saving secrets.

How To View Your Balance

  • iPhone: Open the Wallet app, then tap your Apple Cash card.
  • iPad: Open the Settings app, tap Wallet & Apple Pay, then tap your Apple Cash card.
  • Apple Watch: Double-click the side button and swipe to your Apple Cash card.

You can also check your Apple Cash balance on your Apple ID account page.

  • Sending and receiving money with Apple Pay and the Apple Cash card are services provided by Green Dot Bank, Member FDIC. Learn more about the Terms and Conditions.
  • You can’t use credit cards with Apple Cash, and you might not be able to use some prepaid cards. You can’t add money from a gift card, even if it’s already in Wallet.
  • Apple Card is issued by Goldman Sachs Bank USA, Salt Lake City Branch. Apple Card is available only in the United States.
  • Information about products not manufactured by Apple, or independent websites not controlled or tested by Apple, is provided without recommendation or endorsement. Apple assumes no responsibility with regard to the selection, performance, or use of third-party websites or products. Apple makes no representations regarding third-party website accuracy or reliability. Contact the vendor for additional information.

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    How To Get Cash From A Visa Gift Card

    Lots of popular get-paid to websites and survey sites let you cash out with free gift cards or Visa gift cards, but not PayPal cash.

    So, if you want to actually spend your rewards how you please, you need to convert your Visa gift cards to cash.

    Luckily, theres several safe and secure methods to get cash off of a Visa gift card.

    Buy Money Orders With The Visa Gift Card

    Can You Use Vanilla Visa Gift Card For iPhone iTunes Payment?

    Another way would be to use your Visa gift card to buy money orders.

    There will be a fee of coursewhich will be charged to the card.

    Therefore you have to take thatinto account before embarking on this path.

    This method depends on whether yourcard will let you buy money orders, some dont.

    If it does allow you to do thisthen you cash the money orders or deposit them into your bank account.

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    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.

    Can You Transfer Money From Visa Gift Card To Paypal

    Yes. Anywhere in the U.S. where PayPal is accepted you can use prepaid gift cards that have a Visa®, MasterCard®, American Express®, or Discover® logo on it. For PayPal members, you can simply add prepaid gift cards to your wallet then start using them during checkout just like any other credit or debit cards.

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    How Do I Get Cash From A Vanilla Visa Gift Card

    Some people get confused since there is such a thing as a Vanilla Visa gift card that you can buy.

    Vanilla Visa gift cards are prepaid Visa gift cards that are available in amounts between $10 and $500.

    To convert a vanilla Visa gift card into cash, you can follow any of the tricks that are mentioned in this article, like selling it to a friend, online gift card marketplace, or on the Facebook Marketplace as examples.

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