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HomeExclusiveHow To Transfer Gift Card Money To Bank Account

How To Transfer Gift Card Money To Bank Account

What Happens To My Remaining Balance After I Transfer It

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

In most cases, the remaining balance will stay on your Amazon account. Thats a perk of using this service to make purchases.

There are two ways to transfer your Amazon gift card balance to a bank account or debit card:

1) A one-time transfer. Youll get the full amount transferred in one transaction and itll be credited as cash to your checking or savings account.

2) A recurring transfer. Youll have the option to schedule automatic transfers from your Amazon account to your bank account or debit card every month, at intervals you set. This is a good way for you to save for something special with little additional effort!

How To Transfer Money From Gift Card To Paypal

Well, this article seeks to explain to you how you can transfer money from a gift card to PayPal and spend it the way you want. No one likes limitations and as I have just mentioned above, some of them limit you to buy goods from specific stores or even related businesses. What if you do not find what you want to buy in the specified store? You will be forced to buy anything that may help you in one way or another, which is inconvenient.

Gift cards are available at certain stores such as Walmart and Amazon. You can buy gift card online with a checking account or even visit a physical store where you can purchase yours. The reason businesses give out gift cards is that they want to create brand awareness, attract more customers, improve cash flows, and even generate useful data about certain commodities purchasing trends. This way, they can know what to stock in large numbers as well as what to stock in small quantities.

Any Way To Transfer From Visa Gift Card To My Bank Account

I am in need of $15 from my gift card, and it is not accepted as payment, so I need to put that in my bank account. Thanks.

I’ve been in this position before. Ultimately, I discovered that the easiest way to do this is to use Square. There are fees involved, but if you invite a new user both users get free processing for the first $1,000.

Does the friend have to give any bank details or spend any money?

If the Visa is a debit with a PIN buy a money order with it. Deposit the MO in your account.

It might be easiest to use it to pay a bill like a utility bill.

It is possible to liquidate Visa gift cards, and r/churning has some ideas on how to liquidate gift cards, but it probably wouldn’t make sense on a giftcard of only $15.

What most churners do is shop around their city until they find the places which will allow you to buy a money order with visa giftcards. Then they rinse and repeat to satisfy credit card minimum spends for sign up bonuses. Note: there is a fee to get a money order, and there is also usually a fee to activate a visa giftcard .

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How To Save On The Transfer Fee

If you are going to use this service regularly, you can save on fees by enrolling in the MoneyGram Plus Rewards.

With this program, you will save 20% on fees on your second transfer and 40% OFF on fees every fifth transfer.

If youre transferring a large amount, then taking advantage of the MoneyGram Plus Rewards program will save you lots of money!

How Will The Funds Be Transferred

How to Transfer a Visa Gift Card Balance to Your Bank ...

There are two different ways that you can transfer your Amazon Gift card balance to your bank account. With one option, the funds will be automatically transferred to your bank account as soon as it reaches a certain threshold. The other option is for you to manually request a wire transfer and it will take up to three business days for the money to show up in your bank account.

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Can You Send Money To Bank Account From Prepaid Card

Before jumping into some steps of how to send money from a prepaid card to a bank account, it is necessary to understand whether this activity is possible. For information, sending money from your prepaid card to your bank account is possible to perform. However, you will need to do some steps so that this can be performed easily.

Send Money Easily to Different Countries

Therefore, anyone who plans to withdraw some cash from a prepaid card will possibly perform it. One of the ways is by sending the amount of balance to your bank account. So that later on you can withdraw the money and use it for another purpose which may not be able to perform through the prepaid card. For further information, related to the steps, the following paragraphs will give a clearer overview.

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!

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Can You Transfer Money From Visa Gift Cards To Paypal

Using the Card Cash website, you can sell your unwanted gift cards and get money for them.According to the PayPal site, you can transfer money from a gift card right into your balance on PayPal.

Keep in mind that you will have to buy another merchants gift card with your Visa gift card first and then upload that gift card onto the Card Cash website.

From my knowledge, it looks like the Card Cash website only accepts gift cards from stores such as Target, Walmart, Jewels-Osco, etc. Therefore, you will have to purchase a gift card with your Visa gift card from one of the accepted Card Cash merchants.

Is It Possible For Me To Deposit More Than One Card At Once

Can I transfer money from a gift card to my bank account?

Yes, it is possible for you to deposit more than one Amazon gift card at once. The system will ask you to enter the gift cards code, but it should automatically detect that there is more than one card. You can search for a specific gift card by typing in the code or name of the card on the sidebar.

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Where To Withdraw Funds On Amazon

Besides how to transfer Amazon gift card balance to a Bank account, this is another common question among Amazon customers.

To withdraw funds on :

  • Log into your Amazon Pay account and go to the Withdraw Funds tab.
  • Select the bank account you want to receive the funds from the drop-down menu.
  • Enter the amount you wish to transfer to the account and click to continue to complete.

Can You Transfer Money From A Gift Card To A Debit Card

While you cant directly transfer money from a gift card to a debit card, there are ways to achieve this with a few extra steps. For example, if you add your Visa gift card to your PayPal wallet and then transfer that money to your own account, youll have access to that cash via your debit card.

Similarly, by selling the card through an app or a website, the company that buys it from you will either transfer the money that you make to your bank account or may send you a check. Either way, the money will then be in your account and ready to be used by your debit card.

This means that while its not strictly the case that you can transfer money from a gift card to a debit card, the workarounds are super straightforward to do.

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Two: Visit Your Prepaid Cards Website To See If They Offer Transfers To A Bank Account

Some prepaid card companies help you do transfers to your bank account through their website or app. So your first stop should be the website of your prepaid card provider.

Check Your Card Companys FAQ Page

Here, theyll usually have a FAQ page. If your card company allows transfers, theyll state it very clearly.

For example, the Bank of America CashPay card says the following on their FAQ page:

you may perform an Online Funds Transfer via the CashPay Customer Service website at www.bankofamerica.com/cashpay to transfer funds from your CashPay account to a traditional checking or savings account owned by you in the United States.

Not in the FAQ? Check Your Card Companys Features Page

If you dont find it on your card providers FAQ page, check the features and benefits page of your prepaid card.

On the Netspend website, this information appears on the Card Benefits page:

Have a bank account in addition to your Netspend Card Account? Link your financial accounts from participating bank accounts and you can transfer money between them and your Netspend Card Account.

If your prepaid card company offers transfers to your bank account, then carry on to the next step. If its not clearly stated, then your best bet would be to try the MoneyGram method that we list below.

Convincing Square To Accept The Visa Gift Card

How to transfer money to your bank account from a Visa ...
  • 1Appear like a merchant. While Square indicates it accepts Visa gift cards, there are mixed reports that Square will reject a Visa gift card if it believes you are using the service once to transfer a balance. In order to avoid this, you need to convince Square that you are a regular merchant or find a friend that is an established merchant to make the transfer for you.
  • There is no guarantee this will work, but it will increase the likelihood of success.
  • You can skip this part and try to make the gift card transfer following the steps in the next part. Just be aware that it may fail.
  • 2Open the Square app and enter an amount for a transaction. This is a transaction that you create and pay with your own funds or credit card. You are not actually buying or selling anything. This creates a transaction record in Square before trying to transfer the Visa gift card balance. It is recommended that you enter an amount in Square that is not too large since it charges a transaction fee. You will get this money back in the bank account that is linked to Square, it is not disappearing.
  • 3Input the credit card information for the charge. You are not using the Visa gift card yet, so choose another card for this transaction. It does not matter what kind of card you use.
  • 4Conduct a few more small transactions with your own funds. This will make you appear more like a merchant and also serve as a test ahead of a the larger balance transfer.
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    Buy Discounted Gift Cards With Your Visa Gift Card

    Another smart tip to get cash from a Visa gift card is to use it to buy other gift cards, for a discounted value.

    If there is a retail shop or service that you frequent, you can use your Visa gift card to purchase a gift card specific to this place. Since this merchant is a part of your routine, utilizing a gift card there is as good as the money itself.

    That being said, most places accept Visa gift cards. After all, it can be used with similar flexibility to the actual Visa card except for instances of recurring payments, for obvious reasons.

    Already, by using your Visa gift card to cover one of your habitual expenses you have turned your Visa gift card into cash. What about if you up it a notch and look online for gift card deals at a discounted value?

    If you purchase a Walmart or gift card that is on a promotionally discounted value, using your Visa gift card, you would gain the cash equivalent value of the discount.

    Promotions can be up to 20% off the value of the gift cards sometimes. Therefore, by using your Visa gift card to buy another vendors gift card with a discounted value, you have not only mastered the art of how to turn Visa gift cards into cash but made money on top of it.

    Lets pause for a few seconds while you piece the fragments of your blown mind back together

    Not only do you get to turn Visa gift cards into cash by simply shopping at your usual outlets, but do it like a pro and make a few extra dollars along the way.

    How To Add A Bank Account On Amazon Pay

    Adding or updating your deposit method on Amazon pay is a short 2-minute process.

    First, sign in to Seller Central. Then, proceed to the Settings tab and click on Account Info before selecting Deposit Methods. For Amazon Pay, click on Assign if theres no bank associated with your account .

    Then, click on Use a New Bank Account or choose an existing bank account.

    To use a new bank account, youâll be prompted to provide the accountâs details, including the account number and routing number. Confirm the information is correct before clicking on Set Deposit Method to complete the process.

    Youâll have to wait for 3 days as Amazon clears their automated deposits before your bank account is accepted.

    Keep in mind that Amazon only accepts U.S.-based bank accounts that use an ACH . ACH allows the company to transmit disbursements into your bank account electronically.

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    Transfer Visa Gift Card To Bank Account Through Paypal

    This is easily done by adding your card to your PayPal account and transfer the balance to your own account because Paypal allows you add prepaid cards, including Visa gift cards to your Paypal wallet.

    Easy right?

    Here is a step by step guide on how to achieve that:

  • Create a PayPal account and if you already have one, just login to your Paypal account.
  • Select the wallet option at the top of the page.
  • Youd see a Link a Card or Bank option at the left side. Click it and continue.
  • When you get to the point where PayPal asks you for the relevant information, add your Visa gift card details. Then click Link Card.
  • If you get an error after doing this, then go back and make sure your visa gift card is registered so that an address is linked to the card. Once youve done this, then PayPal would not have a problem accepting your card.

    Navigate To The Send Money Page And Fill Out Payment Info

    Can I transfer my Amazon gift card balance to my bank account?

    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.
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    Can You Put A Visa Gift Card In Your Bank Account

    You can deposit a gift card to your bank account, although not directly. Visa gift cards are treated like Visa credit cards, meaning the balance isnt transferable to an account.

    However, as shown above, there are some roundabout ways to achieve this. For example, there are several options to transfer money from a gift card to your bank account via PayPal. All you do is follow the steps outlined above for getting the balance into your PayPal account and, from there, transfer that money to your bank account.

    Keep reading to find out which specific options are available for this, if youd prefer the money end up in your account rather than converting your Visa gift card to cash in hand.

    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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