Pay Your Bills With Your Gift Card
Here is an interesting method you can try. While you arent necessarily exchanging the card for stacks of dollar bills, you are still using it the same way. As long as there is money on the card, you can use Visa gift cards to pay for your bills.
Visa gift cards are usually set up like a debit card with a card number, expiration date, and security code number on the back. The main difference is that the cards have a set amount of money programmed onto them instead of being linked to a bank account.
This makes it easy to pay your bills directly with a Visa gift card that you cant with pretty much any other gift card. So if you have a water bill or phone bill coming up, pay it with your Visa gift card instead.
Most people dont think of using their gift cards for bill payment, but it has multiple benefits. For starters, you can make quick use of your gift card.
If youre running low on credit, you can also use the gift card instead. Its a convenient way to use these gift cards in the same vein as cash.
Swap Gift Card For Cash
A simple way to exchange a gift card for cash is to swap the card for the cash amount. You may have friends or family members that need to buy something and can use that specific gift card towards it. As they were going to spend the money anyway, they could just use the gift card instead of cash.
This is a win for you as you now have the cash in your bank account to use yourself.
Offering this deal to friends and family may work better when you know specific events are happening that usually include gift-giving. This could be Christmas, birthdays, weddings, etc. At these times ask around to see if anyone can make use of a gift card in exchange for the cash.
One reason people may decline is that the gift card balance isnt high enough. For example, the gift card balance is $50 but they plan to spend $100. This is OK. Simply let them know that retailers can usually do a split tender transaction. A split tender transaction means part of the balance is paid using a gift card and the rest can be paid with cash.
Swapping a gift card for cash in this way is a great method as it means you get the full amount of cash. That cash can now be used for savings, investing, or paying off debts.
Give Them Out To Friends Instead Of Cash Or Gifts
If you get a Visa gift card there is nothing to prevent you from passing it on to others too. After all it is not in anybodys name so legally anyone can use it.
For example, if one of your friends is celebrating a birthday you can give them your Visa gift card as a birthday gift. IIn this way you will avoid the hassle of going to shops trying to look for things to buy. This is especially cool for a person like me who hates shopping.
I like giving people Visa gift cards rather than actual gifts as they allow the receiver to buy the things they really want. During birthdays people end up receiving gifts of things they already have. I remember during my wedding we received all sorts of things such as plates that we really did not need. I wish people had given me Visa gift cards instead.
Another advantage of sending Visa gift cards is the cost of sending them is much less than sending a shoe for instance.
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Use It To Buy A Money Order
Stores like Walmart as well as certain grocery stores will let you buy money orders using your Visa gift card. That said, the availability of this can vary, so check if this is an option in your area.
But once youve done this, the money order can then be deposited into your bank account to be used as straight up cash.
One thing you should keep in mind, however, is that some banks have had a habit of shutting down accounts if too many money orders are deposited. As such if you do choose to do this, perhaps combine it with some of the other options on this list.
Give The Frys Food Store Customer Service Rep Your Name Gift Card Number And Pin
Give the frys food store customer service rep your name, gift card number, and pin. Buy a frys electronics gift card. But yeah they are not affiliated with each other. But i do remember people getting gift cards from frys food and trying to use them at the electronics store. Perform a frys gift card balance check via phone. Frys is a member of the kroger family of stores.
Customers would get all pissy when we told them we cant use the gift card. But i do remember people getting gift cards from frys food and trying to use them at the electronics store. If you prefer checking your frys gift card balance over the phone, you can do so in the following way: This also means they have a variety of products and services for the convenience of their customers. *kroger co family of companies gift cards are not eligible for 2x or 4x fuel rewards.
Kroger corporate gift card support: Its the perfect last minute online gift for a birthday, graduation, wedding, holiday, and more. Ask them to tell you how much funds you have left on your card. Buy a frys food gift card! Great for birthdays, winter holidays and everything besides, frys food gift cards are valid at more than 100 locations across arizona.
And it is a division of the kroger company frys. Frys food gift cards could be the perfect purchase for a loved one. Frys is a member of the kroger family of stores. Send by email or mail, or print at home. Frys food, 19403 n rh johnson blvd, sun city west, az.
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Can You Withdraw Cash From A Prepaid Visa
You can withdraw cash from a prepaid Visa, with the card being treated the same way as any Visa debit card. This means that you can use the prepaid Visa to make purchases online or in-person, make bill payments and withdraw cash.
Just keep in mind that a prepaid Visa is different from a Visa gift card, with the latter being more restricted in terms of how you use them. While a Visa gift card can be used the same way as a prepaid Visa when it comes to making purchases, its usually isnt possible to use a Visa gift card for ATM withdrawal or as cash back in a store.
Pay Your Bills With Your Visa Gift Card
Using your gift card to pay a bill is exactly the same as converting your Visa gift cards to cash although youll never actually get to see the money.
Just remember that because the Visa gift card is treated the same as a credit card, youll also incur any credit card fees, so make sure you do the math to confirm that its worth it.
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How do you liquidate a Visa gift card by paying bills?
You can use a Visa gift card to pay bills with any billing provider that accepts Visa credit cards for bill payments. This is because Visa gift cards are treated exactly the same when it comes to making this payment.
Not every single company will allow this, but youll almost certainly be able to use your card in this way for things like topping up your phone credit, buying groceries and gas or renewing your subscription at the local yoga studio.
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Turn Your Visa Gift Cards To Cash By Buying And Reselling Items
This may take a few extra steps to do but it may be the only other option on this list that lets you make money from converting your Visa gift cards to cash .
As mentioned, most stores treat Visa gift cards like credit cards. This means that you can generally use them to buy items at almost any store, so keep an eye out for things that are either heavily reduced or in high demand.
In both cases, theres a good chance you may be able to resell the item at a higher price than what you paid. This, in turn, will let you eventually get cash from your gift card.
Evaluate Values Vs Need When Converting Gift Cards To Cash
If you have a gift card or regularly receive gift cards due to using sites like Swagbucks, then when is it best to convert them to cash?
The best thing to do is think about your own needs. Ask yourself the following:
How quickly do I need cash?
What do I need the cash for?
Is the gift card going to expire soon?
Once you think about the answers to these questions you can pick the best method for your situation.
If you need cash quickly, then selling to a friend or family member may be best. Dont forget this may involve a small loss on the balance of the gift card.
Alternatively, you could use the gift cards to buy goods or pay bills and keep the cash you would have spent otherwise. A similar way to this is to add the gift cards to your PayPal or Venmo wallets. These ways mean you get the cash to use however you like. Keep in mind that fees may apply when using PayPal or Venmo if doing an instant transfer.
Finally, perhaps you live a frugal lifestyle. This means saving as much money as possible and making as much money as possible. Using the gift card to buy and flip items might be the best method for you as you can make a profit on the gift cards.
All the methods listed are perfectly valid ways to liquidate Visa or Mastercard gift cards. Base your decision on what you need and when you need it then act accordingly.
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Go To The Gift Card Issuers Website
If you dont have access to a phone, no worries. You can also check your card balance through the issuers website.
To find out who issued your gift card, look on the back of the card near the phone number. There should be a URL listed that you can go to and find out your cards balance.
You can also go here for a list of the card issuer websites.
What Gift Card Can Be Used At Atm
Because Visa gift cards are sold by a wide variety of retailers and banks, it is important to make sure youre contacting the right company. You can also look for the Cirrus or Interlink logo on the back of the card. These insignias indicate that you can indeed use your card at an ATM to withdraw the cash you need.
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Transferring The Gift Card Balance
Sell It On The Raise App
Another way to convert a Visa gift card into cash is by selling it on an app called Raise. Raiseis a site where you can sell your unwanted gift cards with ease.
Its really simple! All you have to do is find all your unwanted gift cards then list them to sell on the platform. Lastly, you will get paid either via Check, PayPal, or by direct deposit when someone buys the gift card.
Raise is an amazing site if you have unwanted Visa gift cards or any other gift cards from stores such as Target, Amazon, and Walmart. In addition to selling unwanted gift cards on the site, you can save money when you buy other gift cards on their site.
You can also check out their coupon section to find some of the latest deals on popular stores and brands.
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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.
Are Visa Gift Cards Traceable
The transactions themselves are traceable as they are tracked by Visa but it is another thing when it comes to tracing the user. This is because there is no name or contact information connected to the card.
Having said that I should still add that one can still trace the buyer of a gift card easily if they bought it using a debit card or using their bank account.
In this case, the seller or law enforcement can be able to track you through your card details or bank details used during the purchase. But if you use cash to purchase the gift card it would be difficult to trace the purchaser.
Another way law enforcement or others can track the user of a gift card is through the IP address of the computer used to do a transaction. Most people dont know that almost all the transactions we do online leave a digital footprint.
Even the emails we send leave a digital footprint in the form of the IP address from which it was sent. It does not matter whether you are using Gmail or yahoo mail. Another way an investigator can trace you is through the mailing addresses you use when doing your purchases.
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Sell Your Visa Gift Card To Other People
Another option you could consider is to sell your Visa gift card to other people. While this can be one of the quickest ways to access that balance, just keep in mind that youre probably going to have to accept less money than the balance on the card to make it worth the other persons while to buy it from you.
That is, most people will only pay a portion of the balance when theyre buying a gift card from someone else. This is because they know that its convenient for you to offload the card like this and theres also a small element of risk on their part.
Sites like eBay or Craigslist will work perfectly for these kinds of arrangements. Make sure you keep in mind shipping costs if youre selling a physical card and, as always on these kinds of sites, keep an eye out for any scams. If something sounds too good to be true, it probably is.
Sell Gift Card To A Friend
An easy and quick way to convert a prepaid card to cash is to sell the gift card to a friend. If you have gift cards you want to liquidate into cash, ask your friend groups if they want to buy it.
The benefit of selling a gift card this way is that you can avoid paying any commissions or fees that are normally charged when selling a gift card online.
To make it worthwhile for the buyer It would usually be a simple case of offering the gift card for a little less than the value on the card. For example, the gift card has a $20 balance, you could ask for $15 cash for it.
Pro Tip Hit up your Facebook friends for a fast turnaround time on converting your gift cards into cash. You would be surprised how many people will reply when you offer a small discount!
Using this method to convert a visa gift card to cash is quick and easy. You will have the cash straight away to use for your own needs.
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