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How To Get Cash From Prepaid Gift Card

Visa Travel Card Features

HOW TO TURN PREPAID VISA CARDS AND GIFT CARDS INTO CASHPREPAID2CASH
  • 24 hour cash access. Use your Travel card to make purchases worldwide at merchants that accept Visa or obtain local currency at any ATM that displays a Visa symbol.
  • Variable purchase amounts. Visa Travel cards can be purchased in any amount .
  • Multiple Cards. You can purchase additional cards that allow you to access the same funds. Each additional card will have its own unique PIN. You can give them to travel companions, or keep them as instant replacement cards in case your card is lost, stolen or damaged.

Visa And Mastercard Gift Cards As Gifts

One method we mentioned earlier was to use gift cards to pay bills, then you have the cash you would have used for the bill to use for whatever you like.

A similar idea to this is to give gift cards as presents. Doing this means you still have the cash you would have used for the present and the recipient has the gift card to use for whatever they like.

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!

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Complete Your Bank Details

After clicking next, youll be taken to a page like in the screenshot above. Enter your Receivers details. This will be information like your name, address and account/debit card info.

Click Next. According to the MoneyGram website, many account deposits are completed within minutes, subject to banking hours and systems availability.

Is It Easy To Get A Prepaid Debit Card

Can I Get Cash Off My Visa Gift Card?

Just like debit cards, it is easy to get a prepaid debit card. There are no restrictions on or credit histories, as it happens with unsecured credit cards. Issuing out prepaid cards is a business, and the concerned institutions make a lot of money. When making transactions, some deductions accompany your transactions, which go as a profit to the card issuer.

The same applies to debit cards. Any bank would like to issue a debit card to you since they know that a debit card brings a lot of profits to them when you buy goods and services, as well as when you withdraw money in an ATM. Statistics show that people using payment cards to shop and pay for products and services usually spend a lot as compared to those using cash.

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Can You Get Cash Off A Vanilla Visa Gift Card

Can I get Cash Back from a Visa Gift Card? If you have a Visa gift card and are wondering if you can get cash from it, the short answer is probably not. Though the two cards are similar, only prepaid cards can be used to get cash from an ATM or to get cash back from a merchant. Gift cards cannot.

The Easy Way To Get Money Off A Prepaid Visa Card

Oct 20, 2020 |

Have you ever received one of those preloaded gift cards with a credit card logo on it? What do you do with them? Im willing to bet that many of you have one lost in your wallet or forgotten in a drawer somewhere, with no idea how much money the card has left to spend.

Prepaid cards are VISA, Mastercard, or American Express cards that come with a preloaded balance. They function as debit cards that you can use anywhere. You can buy them yourself on the gift card rack at many stores, and they are also a common tool for companies to pay out rewards and incentives.

In this post, Im going to show you my hassle-free two-minute strategy for getting the money off of these cards by . Ill also share some other ideas and some Dos and Donts on how to use them without running into problems.

Also Check: Who Carries Amazon Gift Cards

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.

Want To Get A Visa Gift Card

Turn Your Visa Gift Card Into Cash 2017

A smart gift anyone can appreciate.

The Visa Gift card is an ideal choice for birthdays, holidays, weddings, and suits all your gift-giving needs. It’s also perfect for people of all ages. You decide how much money to give they decide where to spend it.

You will receive important information regarding the Visa Gift card such as how to activate and use the card. This information should be given to the recipient of the card.

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Can You Transfer Money From A Prepaid Card To A Bank Account

The initial phase in the process is to check if your card even permits you to move assets to your ledger in any case. The good news is that you can actually move cash from a prepaid card to a financial balance in practically all cases. Yet, how you do it relies upon what sort of prepaid card you have.There are two types of prepaid cards:

  • Regular Prepaid Card
  • Prepaid Gift Card

Can I Get Cash From A Visa Gift Card If I Have A Pin

It used to be that gift cards had to be run as credit transactions at the point of sale because they didnt come with the PINs needed for debit transactions. Prepaid cards typically have PINs so they can be run as either. In 2013, the Federal Reserve passed a law requiring that people have the option to get a PIN for a general purpose gift card, so they have to decide which type of transaction to perform. This law, however, led people to believe they could use the PIN to withdraw cash from their Visa gift cards at an ATM or via cash back at a merchant POS. Thats not the case. The PIN simply allows gift cards to be run as debit transactions.

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Top Questions About Gift Card Exchange

While we were at the grocery store selling this gift card, a customer approached me with three questions about how the Gift Card Exchange kiosk works. She said shed walked by the machine many times, but was afraid to try it for fear the machine would take her card. I think her concern and questions are pretty common, so I want to answer them here as well.

Add It To Your Paypal Wallet

How To Get Cash From A Prepaid Visa Gift Card Ideas

PayPal lets you add prepaid cards, including Via gift cards, to your PayPal wallet. What this means is that youre then able to treat the balance like cash, by using it to purchase things from any merchant that accepts PayPal which is most major ones, these days.

How can I get money off of a gift card through PayPal?

To get money from a Visa gift card to PayPal accounts, just do the following:

  • Log in to your PayPal account.
  • Select the Wallet option at the top of the page
  • There should be an option on the left to Link a card or bank. Youll be able to find this under any existing cards or banks you have linked. Click this and continue through the prompts.
  • When you get to the point where PayPal asks you for the relevant information, add your Visa gift card details. Then click Link Card.
  • Theres a chance that you may get an error when trying to do this. If that happens to you, you may have to first register the card with the issuer so an address is linked to the Visa gift card. After that, PayPal should have no problem accepting it.

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    Recommended Reading: Where To Sell Apple Gift Card

    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.

    How do you liquidate a Visa gift card by paying bills?

    This can be done with any billing provider that accepts Visa credit cards for bill payments, as the Visa gift cards are treated exactly the same.

    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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    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.

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    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.

    Sell Gift Card On Raise App

    How To Turn Gift Cards Into Cash Tutorial

    One way to convert a Visa gift card to cash is to use an app. There are many apps that buy the card from you, then resell it for a profit. This method can be a fast way of converting those Visa gift cards into cash.

    However, a word of caution to bear in mind. The fees involved can be high which means this method is best if no others are available or if you need the cash quickly.

    A great app to use is offered by Raise. The Raise app is available on App Store and Play Store. Once downloaded you can easily sell your gift cards, but Raise does take a 15% commission. When you sell a gift card on Raise you can get paid via PayPal, check, or straight into your bank account.

    Related: 33 Awesome Apps That Pay You

    Also Check: How To Add Visa Gift Card To Amazon Account

    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.

    Wells Fargo Easy Pay Prepaid Card

    Wells Fargo is a reputable company known for its excellent services of offering security in financial institutions as well as money and parcels in transit. The company has a prepaid card that is important in helping you to make purchases of goods as well as paying for services and sending money to others.

    With the card, you can always reload quickly when it runs out of cash using cheques or direct deposit in their branches distributed in over 36 states of the United States of America. Moreover, access to ATM services free. Withdraw money at any of their 13,000 ATMs distributed countrywide.

    Wells Fargo charges you $2.50 upon using non-Wells Fargo ATMs. You can recharge using the ATMs. Above all, their customer service is 24/7. You can thus call anytime you have an issue with your card.

    One thing you should put in mind is that you will be required to pay a monthly fee for the card. However, no purchase fees and application fees whatsoever. Apply here for the card.

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    Buy From A Physical Store And Then Return The Item

    The final method is one that many may feel uncomfortable with. Its included on the list as it is a valid way of converting a gift card to cash but there are some potential risks.

    First, you would need to go to a physical store and make a purchase using the gift card. Once you have bought an item, you can return it and request a refund by cash or check. You will need to tell them you no longer have the gift card which is why the refund needs to be made by cash or check.

    If all goes smoothly you now have the cash amount of the gift card in your hand. However, there are some potential pitfalls including:

    This method isnt the best choice as it is time-consuming plus there are moral and legal implications. However, it is a way that means you can usually end up with the full gift card balance in cash.

    Provided you arent breaking any laws this might be a good method to use occasionally.

    Is There A Prepaid Debit Card With No Fees

    The Benefits of Using Reloadable Gift Cards?

    There are so many credit and debit cards available these days. Their various associated perks and rewards, finding the best reloadable prepaid debit cards with no fees, may seem like a fatiguing task. But we have presented some of the lists of card that we believe are any of the best options on the market.

    Unfortunately, fees are also a fact of life, especially when youre dealing with money these days, it can think to be like you pay fees on your money no matter whether you are trying to earn it , store it , or spend it .

    For some states, prepaid debit cards can be a no-fuss way to cash paychecks and make a few bargains without dealing with bank accounts or credit cards. But even prepaid cards can come with an abundance of stinky fees. So, we have mentioned some of the most fee-free of the bunch in the following to help you find the right prepaid card.

    • The best with no reload fees: NetSpend Visa Prepaid Card.
    • Best with No Monthly Fees: NetSpend® Visa® Prepaid Card
    • Best with No ATM Fees: The American Express Serve®
    • Best with No Signature Transaction Fees: NetSpend® Visa® Prepaid Card
    • Best with No PIN Transaction Fees: PayPal Prepaid Mastercard®
    • The best with No Foreign Transaction Fees: Bluebird by the American Express

    On the above, shortlists arent the only prepaid debit but also credit cards.

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