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How To Take Money Off Of Visa Gift Card

How Can I Use The Last Few Dollars Left On A Visa Gift Card

How To Get Money Off A Visa Gift Card | Getting Paid For Surveys Online | Part 2 Of 3

Think youre stuck with a Visa gift card that only has a few dollars on it? Think you cant use a Mastercard gift card once the balance is less than the transaction? Think again. In either case, the gift card is usable. But you may have to take a couple of extra steps to redeem the full value of the gift card.

As explained above and in the video at the top of this blog post, I do it all the time. The key is to keep the gift cards handy so you remember to use them, know the balance of the cards and tell the cashier that you need to use more than one form of payment for the transaction.

Heres the video once more:

Now VIRTUAL Visa egift cards and Mastercard egift cards are another story. Because these gift cards have to be used online, the steps are different.

Easy Ways To Convert Visa Gift Card To Cash

Here are common questions people ask about how to get cash from a Visa gift card:

  • Can you turn a Visa gift card into cash? You can get cash from your Visa gift card by using it to pay your bills, resell it, buy a money order with it and finding ways to pay yourself with it. You can also opt to cash it out through an app called Prepaid2Cash or find a gift card kiosk near you. The Prepaid2Cash app makes getting cash for your Visa gift cards easier than ever before.
  • How can I get money off of a gift card? Take it to a gift card exchange kiosk or sell it online or near you via a selling app.
  • Can you withdraw cash from a Visa prepaid card? The all-purpose Visa Prepaid card is a prepaid card that you can use to withdraw cash, pay bills or make purchases anywhere Visa Debit cards are accepted, in-person or online.
  • Can I transfer money from a Visa gift card to my bank account? Venmo lets you add Visa gift card balances as long as the transfer isnt blocked for fraud protection reasons. You can transfer the balance to your account after it is loaded.

How Much Money Can You Put On A Prepaid Visa Card

When it comes to prepaid debit cards, one of the biggest headaches can be limits on the balance you can carry. If youre having your paycheck automatically added to the prepaid card and are good at saving up money, you could easily hit a limit that creates problems for your money management strategy. So weve pulled together a list of the best no limit or high limit prepaid debit cards you might consider if you want to avoid this particular issue.

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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.

How To Use Up Remaining Balances On Prepaid Gift Cards

Can you use Visa gift card online

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Can I Return A Visa Gift Card That I Dont Want

Similar to store gift cards, the answer is generally no. However, a few stores may allow it. As noted above, Target will allow you to return a Target Visa, Mastercard or American Express gift card if you have the original purchase receipt, the gift card is unopened, all of the packaging is in tact and the card hasnt been used. I think this is an exception, however.

At Giftcards.com, for example, neither store nor bank-issued gift cards cannot be returned. The Best Buy Onlne Help Center says, Other nonreturnable purchases includeprepaid cards . And Kroger, one of many grocery store chains that sells prepaid cards says, Once a gift card has been purchased and shipped the card is not refundable.

If you are the purchaser of a Visa gift card that you no longer want, check the terms and conditions on the card or packaging, look for a gift card return policy on the card issuers website or go back to the store to inquire about their gift card return policy in person. In most cases, I do not believe a Visa or Mastercard gift card can be returned, but if Target is willing to do it, perhaps other stores are as well.

Getting Cash Back From A Visa Gift Card

Yes, conveniently there are some ways that you can get cash for your Visa gift card and we will go through them today. By now, you probably already know that there are a handful of ways to get your hands on Visa gift cards for basically free:

  • SurveyJunkie: Is known as the #1 paid survey site. Take paid surveys anytime and anywhere via PC, Laptop, Tablet, or Cell Phone. Join SurveyJunkie Now
  • Nielsen: Will pay you $50 a year to keep their app on your favorite internet-browsing device.

Then, you can convert them to cash using the methods below:

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Sell Your Visa Gift Card Through An App

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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Buy A Money Order With Gift Card

How To Get Cash Off A Visa Gift Card | How To Get Cash Out Of A Visa Debit Gift Card

One great way to convert a Visa or Mastercard gift card to cash is to buy a money order. Many stores, including major outlets such as Walmart, allow you to purchase money orders. This does vary depending on the area so check with your local store first.

Please note: Not all stores allow money orders to be bought with gift cards. It is best to check before going to save a wasted journey.

Once you have purchased a money order, you can then deposit the order into your bank account. Now that the gift card is cash in your bank account you can use it for anything you like.

If you choose to buy money orders, there is a warning you should heed. Some banks will shut an account down for depositing too many money orders. This could lead to suspicion of committing an offense called Structuring.

Structuring is a serious offense that can lead to a fine or even imprisonment.

Structuring, also known as surfing in banking industry jargon, is the practice of executing financial transactions in a specific pattern calculated to avoid the creation of certain records and reports required by law.

This means you need to think carefully about using this method to convert gift cards to cash. If you use it occasionally, then its likely fine. However, extensively using this method could lead to the closure of your bank account and possibly criminal charges.

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Add Gift Card To Paypal Wallet Online

A feature of using PayPal is the option to add Visa gift cards to your PayPal wallet. Once you have added the gift card to your wallet you can use the balance just like cash. This means you can make a purchase from any merchant that offers PayPal as a payment method. Most online retailers accept PayPal so you now have a huge range of retailers that you can use the gift card balance with.

Not only could you spend it like cash with merchants that accept PayPal, but as it is now cash there are other ways you can use the balance. You can transfer the money to your linked bank account or send the money to other PayPal users. Keep in mind that fees may apply of up to 3% when transferring money using PayPal.

How do you add a gift card through PayPal?

Adding a gift card through PayPal is extremely easy. You just have to follow 4 simple steps, they are:

  • Log in to your PayPal account.
  • At the top of the page click on Wallet
  • You should now see an option on the left-hand side that says, Link a card, click this option.
  • On the next screen fill in the gift card information and click add card

Thats it! In 4 easy steps, your gift card is now linked to your PayPal account and the balance can be used as cash.

If you do experience any problems adding the card such as an error message, contact the card issuer. Sometimes a card must be registered first to make sure the address matches. Once that is done there should be no trouble linking the card to your PayPal account.

Can You Take Money Off A Gift Card

Sadly, probably not. You cant simply take a gift card to an ATM machine and get cash immediately.

Why? Just for the simple fact that it is a gift card. However, there are plenty of options that you can do to get money in exchange for the value of the gift card.

You can likely get money off of a reloadable prepaid card. But thats not the question. We are talking about gift cards. Based on our research, the best option to get cash in exchange for a gift card is to simply sell it for a discount instead.

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Use The Cash App To Send Yourself Money

This option is new and gives you the ability to transfer the full visa gift card balance. However, it may not work for everyone as the app has caught on and doesnt allow it. But its pretty easy to do, first, download the free Cash app for iOS or Android.

Then you can send yourself money using your visa gift card as the funding source. In order to receive your money simply add your bank account in order to receive your full balance. Just know that there is a 3% fee when personal payments are sent from a credit card when using the Cash app. However, thats not that high compared to other options. For example, If you are trying to cash out a $50 gift card, youll only lose $1.50 in fees.

Pro-Tip: If you sign up using this link, youll get a free $5 to help cover the fees. Or check out the latest Cash app referral codes.

The Gift That Doesnt Keep On Givinghow To Get A Gift Card Refund

$15 Off $300 Purchase of Visa Gift Cards at OfficeMax ...

Gift cards can be a fantastic token of appreciation for birthdays and holiday celebrations. When youre short on gift ideas and want to give the receiver multiple options to choose from, gift cards are the ideal pick.

As the receiver, you wont always make the right choice with your gift card purchases. The option to return funds to the gift card would make things easier, but its not something you can do with every kind of card. In such situations, you should resort to DoNotPay to get your money back.

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Pay With Gift Card Instead Of Cash

The first way to convert a gift card into cash may seem obvious. Use the gift card to pay for something that you would normally use cash for. This means the bill is paid, but you still have the cash to spend!

Keep in mind that credit card fees may apply when paying with a Visa or Mastercard gift card. Check that first to make sure it still makes sense to pay with the gift card. If it does, then go ahead with the payment and now you have the equivalent cash remaining in your bank account.

What Is A Prepaid Card

Prepaid cards are technically a type of debit card. Issued by a financial institution or credit card companyVisa, MasterCard, and Discover all offer themthey are deposited or “loaded” with a certain amount of money. They then can be used in person or online to purchase items or pay bills. They can also be used at ATMs to withdraw cash.

Just like regular credit cards, prepaid credit cards have a number and an expiration date printed on the front or back, and they generally can be used in the same places. The amount of money deposited or “loaded” onto the card represents the card’s credit limitthat is, how much can be charged on it. Once the balance on the card had been exhausted, the card is worthless, unless more funds are deposited on it. In fact, a prepaid debit card can be used repeatedly, so long as the cardholder keeps adding money to the card. It may carry a monthly fee, however.

Although the terms are often used interchangeably, these prepaid cards are not the same as prepaid credit cards. Requiring an application, a credit check, and approval from the issuer, a prepaid credit card functions like a regular : the cardholder can maintain an outstanding balance, receives monthly statements, etc. The key difference is that approval for the card is contingent on a security depositcollateral for the issuer, in case the cardholder falls delinquent in their payments.

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Final Thoughts On Converting Visa Gift Cards To Cash

Visa gift cards are pretty flexible in terms of how you can use them. Given that theyre accepted anywhere that also takes Visa credit cards, you already have a huge array of options on where to spend the balance on your gift card.

But its true that sometimes having cold, hard cash is preferable. Its easier to track as part of your overall net worth, for example, and youre not limited in case you plan to use the money somewhere that a Visa credit card wouldnt work.

In those cases, one of the options on this list will definitely help you out. Just keep an eye on the fees to make sure theres not a more affordable option for what you intend to do with the money.

But once youve decided how to proceed, in only a few clicks, that money will be yours!

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