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How To Transfer Gift Cards To Cash

Transfer Visa Gift Card To Bank Account Through Paypal

How To Turn Visa Gift Card into Cash Using Paypal

This is easily done by adding your card to your PayPal account and transferring the balance to your own account because Paypal allows you to 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.

    How To Get Cash From A Vanilla Visa Gift Card

    While you cant get cash from a Vanilla Visa gift card directly, you have options like selling the gift card either online or in person or having the money transferred to your PayPal account. You will then receive money in exchange for the gift card.

    That is, much like the other cards in this article, you cant transfer money or withdraw money from your Vanilla Visa gift card. However, there are several workarounds available.

    In fact, the process of how to get cash from a Vanilla Visa gift card is the same as how to convert any Visa gift card to cash, allowing you to use the balance in exactly the same way as cash. Check out some of the options earlier in this article to see which one may work best for you.

    How Do You Transfer Money From A Visa Gift Card To Paypal

    PayPal accepts Visa gift cards, and you could use your Visa gift card to fund your transaction in PayPal. All you need to do is to link your card to your PayPal account, and then add cash from the Visa gift card to your PayPal account.

    As well, you can always use the Visa gift card balance to fund your transactions whenever necessary. This is the same way you link credit cards and debit cards to your PayPal account to use the card balances for various transactions. Linking a card to PayPal is easy. Even the second chance credit card with no security deposit attaches so easily with PayPal so long as it is active.

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    Add Your Visa Gift Card To Your Paypal Wallet

    If you dont want to spend money on fees, I suggest you try PayPal. Once you sign up with the website and link your bank account, you can transfer your gift card funds into PayPal.

    It usually takes five business days to transfer everything, but you incur no fees if you choose the standard transfer option. Keep an eye on it though because certain transfer methods can cost you up to 3% of your balance.

    Always check with your bank and make sure they dont charge you extra.

    Steps for Transferring a Gift Card Balance to PayPal Account

    Heres what you need to do to get your gift card balance loaded into PayPal:

  • Log in to your Paypal account.
  • Click the Wallet option on the top menu.
  • Go to Link a Card.
  • Fill out the card information in the prompts. Once done, submit the information, and voila!
  • If you reach an error message, the most common issue is that the card first needs to be registered through the issuer. The issuer can be found on the back of the gift card.

    Go to the website listed, and register the card with them first. Then come back and repeat the steps above in Paypal. That shouldve fixed it.

    Transfer Visa Gift Card To Bank Account Venmo

    PayPal $1000 Cash Giveaway!

    You can also transfer gift cards to a bank account using Venmo. Venmo is an online bank just like PayPal. To transfer a gift card to a bank account using Venmo, follow these simple steps:

    • Open a Venmo app for yourself
    • Add your payment and bank details and then click send.
    • The transfer will be completed

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    Trade Your Visa Gift Card In For A Virtual Prepaid Card

    Another option is to trade in your gift card for a prepaid card, such as a virtual VISA Prepaid Card or a Paypal prepaid card. This will mean that youll have cash in your hand almost immediately. Youll be able to load the money onto the card in the exact same way as if youd used your gift card. The catch here is that youll have to pay for the service yourself.

    Can You Link A Gift Card To Cash App

    You currently cannot link a Gift Card to Cash App and use a prepaid card on Cash App to add a balance to your account. Cash App currently only accepts linked bank accounts and credit or debit cards that are backed by the following brands Visa, American Express, Discover, or MasterCard.

    Although there is no direct option to link a Gift Card to your Cash App account, you can do so indirectly using the methods below.

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    Selling Your Gift Card

  • 1Sell your gift card to a website. There are several websites out there that will purchase your gift card and give you cash in return. Some websites will provide the prepaid postage for you to mail your gift card to them. If you have a digital gift card, some websites will purchase it from you immediately. Be sure to search for reviews of the website before committing to selling your card.
  • You typically wont be paid for the full value of your gift card.
  • Some websites you can sell your gift card to are Cardpool, Raise, CardCash, and Giftcard Zen.
  • 2Use an app to sell your gift card. Some companies also have a mobile app where you can sell your gift card. Simply download the app, send your card in, and choose how you would like to be paidvia PayPal or check. That company will typically take 15% of the value of the gift card for commission.XResearch source
  • Raise also has an app you can download.
  • 3List your gift card on an e-commerce website. If you dont want to sell your gift card to a website, you can also choose to list your gift card on a websitelike eBay or Craigslist. You can sell your gift card for the same price it is valued as, but it will typically sell better if you sell it for slightly less than the value. Keep in mind that the website, such as eBay, will likely take a percentage of the sale.XResearch source
  • You should also factor in shipping costs if you are sending the gift card to someone.
  • Be careful when meeting up with someone to sell the gift card.
  • Use Your Visa Gift Card To Buy Other Merchants Gift Cards

    How to transfer gift cards money to your bank account – Money Maker off 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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    About Amazoncom Gift Card Restrictions And Prohibited Activities

    There are certain restrictions in connection with the use of Amazon.com Gift Cards. If you engage in these activities, Amazon.com may prevent you from claiming or redeeming gift cards, or may take further action on your account without a refund. You may not:

    The list of prohibited activities above is not intended to be a complete or exhaustive list of all prohibited activities. Engaging in any activity that, in our sole discretion, disrupts, or is harmful to our customers, reputation, goodwill, business, or operations is prohibited. Engaging in any prohibited activities, or using an Amazon.com Gift Card in violation our Gift Card Terms and Conditions may result in our taking action against you, including, but not limited to, preventing you from claiming or redeeming gift cards, revoking gift card balances, or closing your account consistent with our Gift Card Terms and Conditions.

    Please read our for a full list of rules and restrictions.

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    How To Exchange Gift Cards For Cash

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    A gift card is an easy and thoughtful holiday present and especially great for the person who seemingly has everything but sometimes the card doesnt line up with your interests or tastes. And lets be honest, sometimes you just want the cash.

    You dont have to be stuck with a gift card that will sit in your wallet for a year, however, taunting you with its attractive dollar amount . Weve broken down the steps you can follow to redeem your unwanted gift cards for cash, and how to avoid potentially getting scammed in the process.

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    Sell Your Gift Cards For Cash

    Once youve officially made the decision to part ways with your gift card, there are plenty of official websites that can help you sell your gift cards to people who might actually want to use them.

    Companies like Raise and CardCash let you sell gift cards for as much as 92 percent cash back. While you wont walk away with 100 percent of the value of the card, you can use these sites to turn old gift cards into cashwhich you can then use to buy whatever youd like.

    Reputable gift card resale sites also ensure that your gift card transactions stay safe with money-back guarantees and fraud protection. Why is this important? Well, when youre weighing the pros and cons of selling a gift card via a resale site vs. selling directly to someone on social media, you need to consider all potential security issues. If you sell gift cards person-to-person, you could run into online scammers or people who take your gift cards without giving you your promised payment.

    Trade Your Gift Cards For Cards You Like Better

    Walmart MoneyCard  How to transfer money to your card from another ...

    If you like having gift cards but just dont like any of the gift cards you have, theres always the option to swap your gift cards for cards to other stores.

    CardCash, for instance, lets you trade in your gift cards for gift cards of the same valueor, in some cases, cards worth up to 7 percent more. When you use a site like CardCash to trade gift cards, not only are you making money on a gift card you otherwise wouldnt use, but you might get a couple of extra dollars to spend at a store or restaurant where youd actually like to treat yourself.

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    How Do You Convert A Gift Card To Cash

    There are several ways to convert your single-use gift card to cashheres what you can try:

    Conversion Method
    KioskMany grocery and department stores have vending machines that offer cash in exchange for gift cards

    While these methods are options, all of them have the same drawbackyou will not get the full value remaining on your card. Typically, you will be offered a maximum of 8590% of the true balance on your gift card.

    Your next option is to get a cash reimbursement directly from the vendor.

    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.

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    Can You Get Money From Selling Your Gift Cards

    Absolutely. You can totally get money from selling your gift cards. The cool thing about selling stuff online is that you can always find a platform to sell items quickly.

    This post shares some of the best ways and places to sell gift cards. Some of my favorites mentioned in this post are Gift Card Granny and Gift Cash. You can check out some of those sites to see if those are a good fit for you to sell your unwanted gift cards.

    How To Transfer Money From Gift Card To Cash App

    How To Turn Visa Gift Card into Cash Using Paypal or Venmo | Transfer GiftCard Money to Bank Account

    Before you continue, please understand that you can only have one debit and one credit card on Cash App. As a result, to add a government-enabled prepaid card, you must first delete your currently linked debit card. This is the complete step-by-step procedure.

    • Open the Cash App mobile app on your phone.
    • At the bottom left corner, tap the banking button or my cash tab.
    • Now, tap on your linked debit card and the three dots icon in the upper right corner.
    • Then, select remove to delete your previously linked debit card.
    • Then, enter your prepaid card number, expiration date, CVV, and ZIP code on the Add Debit Card screen.

    If you want to transfer money from your prepaid card to Cash App, go to the balance screen and select Add Money.

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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.

    Visa Gift Card Atm Withdrawal

    Can you withdraw cash from a visa gift card? The simple answer is no!

    While prepaid cards can be used to withdraw cash from an ATM or as cashback in a store, gift cards dont carry the same privileges. To get cash from a cash machine, you first have to find a way to transfer the gift into your bank account. You can do this by selling the card for cash aid directly to your bank.

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    Sell Your Gift Card In Person

    If you want to sell your gift card in person, rather than dealing with online gift card exchanges, you have a few options.

    • Cardpool.com gift card kiosks: If you dont want to make your swap online, you can visit certain in-store kiosks, operated by Cardpool.com. These machines, once owned and operated by Coinstar, accept gift cards from more than 150 retailers and restaurants, as long as they have a balance of at least $15. The kiosk will make you an offer for the cardand if you accept the offer, you’ll get a voucher that you can redeem for cash at the register of the shop the kiosk is located in.
    • Target trade-in: If you love shopping at Target, youll be pleased to know the big-box retailer will trade store credit for gift cards from more than 100 different retailers and restaurants through its own in-store exchange. Not all Target stores participate in the program, so you should check the website to see if your local store is part of the Target trade-in program.

    Typically, in-store trade-ins offers lower resale returns than the online exchange marketplaces, says Hunter, but the payout is more immediate: Youve got to ask yourself if you value the dollar amount or convenience more.

    Sell It On The Raise App

    Is There A Cash App Gift Card? (2021!)  MySocialGod

    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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