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How To Take Money Off A Gift Card

Transferring The Gift Card Balance

How To Get Money Off A Visa Gift Card | Getting Paid For Surveys Online | Part 2 Of 3
  • 1Charge the gift card balance on Square. The gift card will be authorized, the card’s balance will fall to zero, and the funds will be deposited by Square into your bank account within one business day.
  • If Square does not allow the transfer, you will see a note that it is against their policy to transfer a Visa gift card balance. They will still charge the 3.5% or 2.75% fee to your bank account, and the balance will get credited back to the Visa gift card.
  • 2Check your bank account for the money. It should take just one business day for the money to show up in your account. Allow an extra day if you made the charge later in the day, some banks also take time to process it. The transaction could show up as a pending deposit and may not have immediate availability. Check your bank’s policies online or with your branch.
  • A bank’s stated policy is typically the worst case scenario for your fund availability. It is often faster than the stated time frames.
  • 3Check the Visa gift card balance. The Visa gift card should have a zero balance if you successfully transferred the funds. However, if Square rejected the transaction, you will need to check the balance and make sure the fund were returned to the Visa gift card.Advertisement
  • Use Your Visa Gift Card To Buy Other Merchants Gift Cards

    If theres a particular store you shop at that doesnt accept your Visa gift card for purchases, you can use this card to buy a gift card from the store where you want to buy something.

    And if you look online, you can sometimes find these for sale for up to 20% off meaning youre getting 20% of the Visa gift card balance for free.

    This could include stores like Amazon, Walmart or even Starbucks if you were planning to convert your Visa gift cards to cash simply to get a caffeine hit.

    Alternatively, you could earn gift cards to all these stores and dozens more just by using an app like Swagbucks. Its basically like earning free coffees from procrastinating on your phone!

    Sell Trade Recharge Or Regift

    There are many people who try to sell their unused gift cards on Ebay. This may work for larger cards, but its still a hassle. Id much rather make it work some other way. Also, sites that allow you to trade unused gift cards are becoming popular but again, I dont want to have to mess with mailing addresses and postage for a tiny balance. There is still the possibility of reloading a card, if its allowed .

    Maybe you could regift a card that had its original balance on it? Any other ideas?

    Read Also: How To Pay Airbnb With Gift Card

    Q: Where Can I Purchase A Mandarin Oriental Gift Card

    A: You may purchase either a traditional plastic Gift Card or an eGift Card online in USD, HKD, EUR or GBP by following this link: Separately, you may purchase a traditional plastic Gift Card at any Mandarin Oriental property, with the exception of Mandarin Oriental, Taipei and and Mandarin Oriental, Tokyo.

    Best Practices For Prepaid Cards

    Can you take money off a visa gift card

    Do: Use it all at once, if you can

    If you spend a prepaid card in a single transaction, youll never have to think about how much balance remains on the card, and youll never have to remember to carry it with you.

    Aside from the Amazon strategy above, I recommend the grocery store and dining out as two great opportunities to spend a prepaid card cleanly and completely. These are also situations where the staff is accustomed to splitting payment across multiple cards, which is helpful.

    If youre lucky enough to have a card with a high value, using it all at once might not be possible. In this case, make life easier by sticking a Post-it note to the card to track the remaining balance. Id still advise that you spend the card down in just two or three large chunks rather than a lot of little transactions.

    Do: Use it quickly

    There are two reasons for this. First, many of these gift cards charge monthly account maintenance fees . Second, the longer you have it, the more likely you are to lose or forget about it.

    Dont: Use it for purchases you might need to return

    When you return a purchase, the merchant will often want to credit back to whatever card you used for payment, which will be inconvenient if not impossible when a prepaid card is involved. Focus on purchases you wont return, such as groceries.

    Note: If you follow the Amazon strategy, dont worry. Amazon will refund your gift card balance in the event of a return.

    Dont: Treat it as free money

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    How Long Will It Take For The Money To Be Transferred To My Bank Account

    How long the transaction takes depends on your bank. Some transfers can be completed within a few hours or on the same business day.

    For most banks though, it usually takes a few business days before you see the money in your account.

    For example, if you have a Bank of America prepaid card and you are doing a transfer to your bank account for the first time, this could take up to 7 business days.

    This is because you must create a new transfer-to account online, which can take up to 5 business days to authenticate.

    After that, it can take another 2 business days to receive the money in your account.

    If you use the MoneyGram method though, the money will arrive in your account within the same day. Even new accounts take less than a day to be verified.

    How To Get Cash From A Gift Card

    Gift cards have been the preferred present or gift of choice for nearly every occasion, including holidays, birthdays, Valentine’s Day and you get the point.

    Gift cards seem to be the king of gifts when you don’t know what to get that special someone.

    But what if you don’t get the right gift card?

    That money shouldn’t have to go to waste now, should it?

    What if I were to tell you that you could get cash off of that gift card? Don’t worry, this is perfectly legal and rather simple.

    Recommended Reading: How Much Is On My Lulu Gift Card

    Use Donotpay To Get A Quick Refund From Any Company

    Getting a refund for gift cards is no simple task. You have to get lucky with both the retailers and the card issuers return policy. You also have to go through the process of returning a product, which can be a challenge with some retailers.

    DoNotPay can help you avoid the hassle and get your money back fast. To start using the apps features, open DoNotPay in your web browser. To get a refund, you have to:

  • Sign in to the app
  • Navigate to the Chargeback Instantly option and press Get Protected
  • Answer the chatbots questions regarding the gift card purchase and the issuer involved
  • Add your digital signature and submit
  • DoNotPay faxes your request to your bank instantly and includes Visa and Mastercard codes that will be relevant to your case. To collect further evidence and bolster your claim, DoNotPay can contact the merchant on your behalf.

    How To Get Money Off Rebate Debit Cards

    Beware: Hackers can steal money off gift cards before you have a chance to use them

    August 28, 2013Keywords: prepaid

    I bought tires from a tire shop when it offered a $100 mail-in rebate for a set of 4 tires of certain brands. The mail-in rebate came in the form of a prepaid debit card instead of just a plain old check. Companies do that because their rebate vendors convince them prepaid debit cards work better for their business.

    If you receive a prepaid debit card with a small amount of money on it, it can be a hassle. You have to figure out how to get the money off it instead of just depositing a check.

    You can use the card at any store, if you remember to bring it. These cards have an expiration date. If you forget to use it before expiration, you may lose the money on it.

    Most stores can automatically get the remaining balance on the card. If you are buying $35.32 and your prepaid card only has $7.53 on it, you dont have to remember how much you have left on the card or tell the cashier about it. The stores system will know that when it tries to authorize $35.32. The bank will tell the store “I cant approve $35.32 but I can approve $7.53.” This is called a partial approval. The store will then take $7.53 from the prepaid card and ask you to pay the remainder.

    Heres a screenshot from my cable company for how to pay a fixed dollar amount from a debit card:

    You might wonder why companies send you these prepaid debit cards instead of a plain ol check.

    Say No To Management Fees

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    Why Cant I Get Cash Off A Visa Gift Card

    Gift cards are marketed as gifts, whereas prepaid cards are typically marketed as an alternative to a traditional checking account. This distinction is important because the latter type of card can be reloaded with additional funds, be used to get cash from an ATM or allow the holder to get cash back from retailers who support this.

    To activate prepaid cards, you typically need to provide personal information such as your name, address, date of birth and social security or drivers license number. Merchants are also required to report suspicious purchases and track individuals buying large amounts of prepaid cards for five years. Gift cards, on the other hand, can be purchased and activated anonymously. As a result, anti-money laundering laws prevent gift cards from being used to get cash or from having a value over $1,000.

    Below are a couple of scenarios to help you understand the reasoning behind this.

    1. Clean Cash. A thief uses stolen money or money from drug sales to buy a prepaid card, then goes to an ATM to withdraw cash from the card. The money is now clean, but because the card has to be registered and merchants are required to track purchasers of prepaid cards, the bank has a potential way to identify the person laundering money. Since gift cards dont need to be registered, cashing out is not allowed.

    Those are just a couple of examples and not even the worst.

    Happy Gift Carding!

    ~Shelley Hunter, Gift Card Girlfriend

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    How Can I Cash In A Gift Card

    If you are looking for ways to exchange your gift card for cash, you can actually do that online. One of the faster and legit ways you can get cash for a Visa gift card is by selling it on platforms such as Gift Cash.

    With this site, you can sell your unwanted gift cards by submitting the gift cards corresponding merchant and balance. After that, Gift Cash will submit an offer to you, and if you accept the offer, they will process your payment and send you cash.

    You can also check out selling your unwanted gift cards on Gift Card Granny. This site has been seen in Forbes, NBC News, Oprah Magazine, and much more.

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    Navigate To The Send Money Page And Fill Out Payment Info

    Once youre signed up, click on the Send Money option in the menu. You should see a page like in the screenshot above.

    On this page:

  • Enter the amount that you want to send
  • Select Debit/Credit Card
  • Select the Account Deposit option (or the Debit Card Deposit option if you dont see the Account Deposit option. This will require that you have a debit card linked to the bank account youre sending money to.
  • Choose Wisely If Gifting And Use Quickly When Receiving

    Can you take money off a walmart gift card

        When it comes to giving gifts or receiving them, its hard to miss with a gift card. A bit more creative than cashbut not as complex as picking out an on-trend sweatergift cards let the recipient choose something they want at their leisure, or can help offset the cost of an experience theyd enjoy.

        But theres a catch. Gift cards are easy to lose or forget about long enough that they can begin to lose value, and some may even expire. One survey found that, in 2018, while 70% of all gift cards are redeemed within 180 days of purchase, about three in 10 go unused.

        In total, an estimated $3.5 billion in gift cards goes unredeemed each year, according to recent data from Mercator Advisory Group, Inc.

        So how can you be sure that the gift cards you give or receive dont go unused or expire? Learn what the federal government and state rules say about gift card inactivity fees and expiration, and then get some tips on how to squeeze the most value out of gift cards.

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        How To Swap An Unwanted Gift Card For Cash

        • Americans are expected to spend close to $30 billion on gift cards this holiday season, according to the National Retail Federation.
        • However, many of these cards will end up either unused or hawked online.
        • Here’s how to make sure you get the most out of the hottest gift of the season.

        The hottest gift of the season could also be the least used.

        For the 12th year running, gift cards remain the most popular items on wish lists, according to the National Retail Federation’s annual holiday report.

        Gift cards topped all other potential presents, including jewelry, clothing, books, movies, music, electronics and sporting goods. The NRF polled more than 7,000 adults in October. The survey has a margin of error of 1.2 percentage points.

        Altogether, Americans are expected to spend close to $30 billion on gift cards alone this holiday season, buying four cards, on average, with each worth about $49, the NRF also found.

        However, many of those cards will end up either unused or hawked online.

        Enter gift card exchanges. Sites such as Cardpool and Raise help you trade in those unwanted cards for cash.

        Despite gift cards being the most desired Christmas and holiday present year after year, Dec. 26is, according to Cardpool, typically the company’s single busiest day of the year for unloading unused cards.

        The problem arises when recipients don’t get the exact gift card they wanted, said Mike Jack, the general manager of Cardpool.

        More from Personal Finance:

        Four: Link Your Bank Account To The Prepaid Card By Providing The Routing Number And Account Number Of Your Bank Account

        To perform the transfer, most prepaid card providers will ask you to link your bank account by entering your bank accounts routing number and account number.

        Your routing number is a 9 digit number that tells you where your bank account was opened. One place to search for it is at the bottom of your checkbook.

        Its also known as your ABA or RTN number.

        Make sure you have this ready. If you dont have the routing number of your bank account, check with your banks website.

        Most banks have a page where all their routing numbers are listed. Have a look at U.S. Banks website for example.

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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 transfer gift cards money to your bank account – Money Maker off gift cards!

        Another way to convert Visa gift cards to cash is with PayPal. That is, 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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        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.


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