Sell Gift Cards For Cash On Websites
If you have a digital gift card, then you can instantly sell it for cash. For physical gift cards, the process is a little longer as you will need to send the card to the website. Some of these sites will cover the cost of postage which means you wont lose further money on the gift card exchange.
Websites operate the same process as the apps and charge a fee when selling the gift card. This is usually a percentage based on the balance of the gift card. Before agreeing to any sale check the gift card balance and make sure you are happy with the offer.
If you are unsure about the site you are using search online for reviews from other users. Check how other peoples experiences have been and decide using that information if you are comfortable with proceeding.
Use A Gift Card Exchange Kiosk
A gift card exchange kiosk is a dependable method to transfer Visa gift cards to cash. Look for machines within select grocery stores theyre often yellow machines that look like casino slots and make similar noises.
The system requires that you enter the card information, such as card number and expiration dates. Youre then given a choice to get a cash-back offer.
Once you accept, youll need to print the voucher and bring it to a nearby cashier. Thats usually all thats needed to do to get money through this method. If you have trouble with card swipes, ask for assistance.
Not all grocery stores dont have a gift card exchange kiosk so its best to do a search first so you dont waste your time. What I like about kiosks is its a faster way to turn Visa gift cards into cash.
Other methods take days before the transaction is complete. With kiosks, youll get your money almost instantly. Make sure you bring your identification just in case.
I should mention exchange kiosks do take a small chunk of your proceedings. If you dont plan on using that Visa card anyways, its a reasonable sacrifice to make. Dont accept the offer if you dont like it you can always cancel before the process is complete.
For more in-depth steps, check out this article that walks you through selling a gift card using an exchange kiosk.
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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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Is It Legal To Buy Gift Cards With Gift Cards
The legality of buying gift cards using other gift cards solely depends on the companys policies.
Typically, retailers allow consumers to use gift cards in their store to buy other gift cards of the same brand card or from their affiliated third parties.
To be clear though, there is no state or federal law that prohibits using gift cards to buy other gift cards.
Cover Your Bills Via Visa Card
Paying bills using your Visa Gift Card, is the same as converting your gift to cash although, in this case, you wont get to pocket or see the hard cash.
It is also worth noting that Visa Cards are perceived as credit cards and attract transaction charges. So, before going down this route, first, consider how much it will cost in terms of fees.
How to liquidate a Visa Card by paying bills
A billing provider that accepts Visa cards for payment includes the likes of Plastiq. Here, you can pay large bills such as a mortgage, vehicle, purchase, and more.
Sadly, not all companies will allow making such huge payments but you can still use your card for buying gas, groceries, or even topping up your phone credit.
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How To Use A Resale Site
As mentioned, the resale site will buy a gift card from you for a percentage that reflects the popularity of the card. Thats because the resale site buys the card from you and sells it to someone else if people arent too hungry for Sephora gift cards, you likely wont get offered much.
The process starts with you inputting the dollar amount and provenance of the card, at which point, youll receive a notice telling you what your card is worth, and depending on the site, you might also be offered a better deal for another gift card. For example, a $50 Home Depot gift card will earn you $42.50 in cash on CardSwap, or you could opt for a $45 Esso gift card instead of the money.
If you choose to accept the offer, you will be required to fill in all the information of the gift card, like the serial number and PIN, mail it in and wait a couple of days to receive a cheque in the mail.
Bear in mind, however, that if your gift card is worth less than $25, you wont be able to use most of these sites.
People are not interested in buying a $5 or $10 gift card, Ho says.
Sell It On A Gift Card Exchange
Another way to exchange your Visa gift card for cash is to just sell it.
There are numerous apps and websites that let you sell Visa gift cards for cash. The only downside to these is they tend to take a pretty hefty commission, so its best to try other avenues first.
One reputable website you can use is Raise, which lets you sell unused, unwanted gift cards, including Visa gift cards.
If you did want to give this method a shot, definitely try out Raise.
Its available via browser, but they also have an app if thats easier for you.
Raise actually works with Prepaid 2 Cash to let you convert your Visa gift cards to cash, but its a secure and quick way to get some extra cash in your hands.
Before selling, remember to shop around to check what the commission percentage is to find the best platform to sell your Visa gift cards!
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How To Get Cash From A Visa Gift Card
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.
Does Target Take Gift Cards For Cash
Will Target give me cash for my gift card? While Target will not pay you cash for your unwanted gift card, you can easily sell your gift card online instead. While you can find a gift card exchange kiosk at the grocery store or in the mall, selling your gift card for cash online usually provides the biggest payout.
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Many Ways To Sell Gift Cards For Cash
There are many ways to sell gift cards for cash. The most common way is to sell a gift card online to a gift card reseller that buys the unwanted gift card, sends payment to the seller and then resells the gift card to another customer. In addition to true resellers, there are also online sites that match gift card sellers up with gift card buyers, facilitating transactions without actually touching the cards.
One of the benefits of selling your gift card to an online reseller is that the cash back offer will generally be higher than any other method. The one drawback to using these sites, however, is that youll generally have to wait for payment to arrive. Depending on the reseller and payment method selected, you might wait a couple of days for a PayPal deposit or a few days for a check to arrive in the mail. Because the cashback offer is so good, however, I think online resellers are the best choice when you dont mind waiting to get your money.
How To Protect Against Getting Scammed
Usually, its the people looking to buy a gift card at a discount who run the most risk of getting a bum deal, especially if theyre buying off community-based sites like Craigslist or Kijiji.
A lot of times, a person will go into a store to check the balance of a card theyre about to buy off someone else and itll all check out. But if the card was purchased illegitimately with a stolen credit card, for instance, once the person whose card was stolen realizes they have unauthorized charges, theyll instruct the credit card company and any gift cards will be cancelled, Ho says.
That gift card may have had a certain dollar amount on it just before you bought it, but it could be null when you go to use it.
As a seller, you can also safeguard yourself from mailing your card to a non-reputable place by copying down the serial number and the PIN, says Justin Fritz, director of search marketing at Gift Card Granny. If you see the company is slow in responding or they claim they never received the card, you can report it lost or stolen using the information of the card and get a new one.
If youre buying a gift card at a store, always make sure it hasnt been tampered with and the PIN hasnt been scratched. Most importantly, keep the receipt.
Its always wise to keep the receipt as proof of purchase, even if youre gifting the card to someone else, Ho says. This way, you have proof in case the card is cloned or otherwise tampered with.
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Check The Balance Of Your Gift Card
Even though the Gift Card Exchange machine will verify the balance of the gift card, youll want to know for yourself before accepting an offer. Plus, the kiosk will only accept gift cards with a balance minimum of $20. The easiest way to check the balance of your gift card is to look at the back of the card and either call the telephone number or go to the website listed.
Add It To Your Venmo Account
Similar to PayPal, you can convert your Visa gift card to cash via Venmo by putting your gift card balance on your Venmo account. And this is actually a better option than PayPal if you were planning to transfer the money to your own account as cold, hard cash.
This is because Venmo doesnt charge any fee to transfer money from your Venmo account to your bank account, unless you select the Instant Transfer option. Otherwise, the money should arrive in your account within one to three business days.
To do this, go into the Venmo app and find the option that lets you add gift cards. Theres a chance that youll get a warning message here for fraud prevention, so either try again or give Venmo customer service a call at their helpline to see if they can clear up the issue.
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How Do I Make A Purchase With My Navy Federal Visa Gift Card
Using your Navy Federal Visa Gift Card is similar to using a debit card. When youre ready to pay, select CREDIT, sign the receipt and go! Or, select DEBIT if prompted and enter your PIN.
Each time your card is used for a purchase, the amount is automatically deducted from your balance. Its recommended that you know your balance before making a purchase because some merchants wont be able to provide that information.
Buy A Money Order With The Visa Gift Card
Places such as Walmart let you purchase a money order using a Visa gift card. Keep in mind this can vary depending on the location, so make sure to call the Walmart you are going to visit to make sure this option is available in your area.
Once you receive your money order, you can deposit it into your bank and use it as cash. If you arent sure how a money order works, check out this article by Nerd Wallet. It goes through everything that you may need to know before getting started with getting a money order.
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Trading Your Gift Card
Want To Get A Visa Gift Card
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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Sell Your Visa Gift Card For Cash
I hate these options out of most because you wont get 100% of your value, but with the right site, you could get up to 95% back. I would only consider this option if you dont have a PayPal/Venmo or you dont want to deal with the hassle of it.
To sell your Visa gift card for cash online, its relatively easy. Just head to one of the many sites Im about to mention, ask for a quote and then follow the prompts if you want to sell it to them.
In most cases, you can get your cash almost instant while some may have a 24-48 hour waiting period. You should know the terms before you sell them, however.
If interested, here are some websites that buy Visa gift cards:
Again, dont expect 100%. Instead, maybe 95% at most. For instance, I could get $22.50 for my $25 Visa gift card. You have to ask yourself if its worth it.
TIP: If you dont want to sell your Visa gift card, you can trade them on these platforms, too!
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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