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How To Transfer Money From A Gift Card

Buying Products To Resell

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

I know youve probably heard about this method, but if you havent, here is how it goes.

The technique not only offers you a chance to get cash out of your Visa gift card, but you can also make some extra money. In essence, its about taking advantage of great deals.

Platforms like PayPal allow you to pay for products through prepaid gift cards, and various retailers accept online payments.

Therefore, you can make an online or in-store purchase using Visa gift cards through PayPal.

If you spot a deal that is ideal for a product you can buy, you can do so and then resell the product at a profit or at a breakeven price to get your cash.

This can be a great option if you are able to get cheap deals for useful products that you can later resell.

See Related: Highest Paying Survey Sites to Make Money

Sell The Visa Gift Card Online

In addition to Raise.com, there are some additional sites that you can sell your Visa gift cards on. Check out the sites below.

  • Gift Card Granny: This site has been seen in places such as Forbes, NBC, and Oprah Magazine. On this site, you can sell your unwanted gift cards, and its not limited to just Visa gift cards. You can sell any type of gift card from stores you may have laying around your house. to check out Gift Card Granny.
  • Gift Cash: Like Gift Card Granny, this site lets people sell their unwanted gift cards and send them payment for it. This site is great because they are constantly updating their list of accepted merchants. So if you happen to have a gift card that isnt on their list, you can just let them know and they will look into adding them to the list.
  • Card Cash: With Card Cash, you can sell your gift cards on this site or buy discount gift cards to save money quickly.
  • Game Flip:Game Flipis another site where you can sell unwanted and non-reloadable gift cards to earn cash.

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.

Read Also: Where Can I Buy Delta Gift Cards

Convincing Square To Accept The Visa Gift Card

  • 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.
  • Terms And Condition Of A Visa Gift Card For Successful Transfer To Bank Account

    Uk Paypal Balance £1000 Note « Online Gambling Canada ...

    Expiration date It is important you make sure that your gift card is not expired. Check your card to know when it expires or else transferring money would be impossible

    Not Transferrable It is true that there are some cards that are non transferrable. It isnt possible for others to use them. So make sure yours isnt one.

    Dormant Card If your gift card havent been used for a long period then a fee may be attached to you for inactivity. Check this to avoid charges.

    Adequate Funds Most Individuals end up spending more on charges and fees transferring money from the gift card to the bank account than the balance in the gift card. So to avoid losses, its better to make sure that there is more than enough money in your gift cards before you go ahead to transfer.

    Read Also: How To Use Saks Fifth Avenue Gift Card

    Transfer Cash Via Venmo

    Venmo works in a similar manner to PayPal. Therefore, you can get cash from a Vanilla Visa gift card or any Visa gift card, by utilizing their services. This is another useful trick if you are wondering how to transfer Visa gift card to bank account.

    As a matter of fact, Venmo is owned by PayPal. You can turn Visa gift cards into cash by simply linking your card to your Venmo account and transferring the funds, identical to what was described for PayPal.

    The advantage Venmo has over PayPal is that there are no fees. You can get money off a Visa gift card for absolutely free. The process usually takes a few days to complete though.

    If you are desperate for funds and need to get cash from a Visa gift card immediately, you can transfer via Venmos services for a small fee.

    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!

    Also Check: How To Combine Gift Cards

    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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    Go To A Gift Card Exchange Kiosk To Trade It In

    Can I transfer money from a Gift Card to my Bank Account?

    One super easy way to convert Visa gift cards to cash is to find a Gift Card Exchange Kiosk. Theyre usually yellow and you can often find them in shopping malls and supermarkets.

    All you have to do is enter your gift cards information into the kiosk, which will include things like the set of numbers on the front of the card.

    Youll then be presented with a range of offers for you to decide which one you want. Once youve made your selection, youll be issued a voucher to take to the cashier to get your money.

    Related: Coinstar Gift Card Exchange: A Way To Get Quick Cash?

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    Ways To Convert Visa Gift Cards To Cash

    Perhaps you have received a Visa gift card as part of a promotion. Maybe you are registered on Swagbucks.com and redeemed the Swagbucks you earned for watching videos, taking surveys, playing games, and shopping online for a Visa gift card. Alternatively, you may have received your Visa gift card from your dear Aunt Thelma for your recent birthday when what you really needed was cold, hard cash to help you meet a financial goal you had set for yourself. Perhaps you wanted to pay down some debt, add to your emergency fund, or increase your retirement savings. Unfortunately, you cannot simply insert the gift card into an ATM to get the cash you desire. A Visa gift card is different from a Visa prepaid card, which is reloadable and can be used to get cash at an ATM. Nevertheless, there are multiple ways to convert that gift card to cash. Ten of these are discussed below:

    1. Transfer Visa Gift Card to Bank Account via PayPal

    If you do not have a PayPal account, consider asking a trusted friend or family member to upload the card to his or her account, giving you the cash for it.

    2. How to Add Visa Gift Card to Venmo

    Venmo is a PayPal-owned app that facilitates the transfer of money among friends and businesses. As with PayPal, you can upload your Visa gift card to the app and then transfer the funds to your linked bank account. Like PayPal, Venmo does not charge a transfer fee for a standard transfer, but charges 1% for an instant transfer.

    5. Use It to Buy Groceries

    Do Visa Gift Cards Work On Cash App

    No, Cash App does not work or accept the Visa Gift card or the prepaid card at the moment.

    If you try to link your Visa gift card to your Cash App account, you will get an error message saying prepaid cards are not supported by Cash App and cannot be added as a payment method on Cash App.

    As Gift cards are only used to buy items online, they cannot be used on the Cash App. However, you can transfer the amount to the Cash App indirectly using PayPal as explained below in the article.

    SEE ALSO: How to buy stuff with Cash App & Card

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    Looking For Gift Card Ideas

    Clothing Who doesn’t need clothes? Whatever theyre into, get them something that always fits and keeps them in style from top fashion retailers.

    Gifts for HimWhether he’s a gamer, handyman or outdoorsman, pick from his favourite brands and get him something he will truly love.

    RestaurantsTreat someone to an inspired dining experience. Browse our diverse range of dining and restaurant gift card options.

    Gifts for HerFind the perfect gifts for her – from great reads, hot tech to jewellery and cosmetics, surprise her with something special.

    MoviesWhat better way to spend an evening than heading to the movies? Give a movie gift card tonight and let them enjoy the show!

    Gifts for TeensGet a gift that will help teens stay on trend with the latest tech, accessories and fashion from their favourite brands.

    TravelTreat yourself or your favourite travellers with a gift card for the perfect hotel in over 200 countries.

    Gifts for KidsGet them a gift card that gives them everything they want including their favourite books, movies, music and video games!

    Buy A Money Order With The Visa Gift Card

    Transfer money from gift card to bank

    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.

    Read Also: How To Get Cash From A Prepaid Gift Card

    How To Transfer Money Using Your Debit Card

    There are several traditional methods you can use to transfer money internationally with your debit card. For all of these, the important pieces of information you will need are:

    • The permanent account number: the 16-digit number which appears on the front of your card
    • The cards expiry date
    • The security number: the last three digits printed on the signature strip on the back of the card

    Occasionally you will also need to provide the bank account number and sort code that corresponds to your bank account: these are usually printed on the front of the card. In some cases, your money transfer provider may also ask for your IBAN and BIC . You will normally be able to find both of these numbers by logging in to your online banking and viewing your account details.

    When using your debit card to send money, youll just need to enter these details along with the amount you want to send, where you want to send it and what currency you want it to be delivered in. After you hit pay, you could be re-directed to your banks security page to verify your payment, this is a common security measure.

    The main advantage of using your debit card to send money internationally is that it gives you options that relate direct to your bank account at the time you send.

    Frequently Asked Questions About How To Transfer Money From Gift Card To Paypal

    Can I transfer money to PayPal using gift card?

    Yes. You can add gift card as method of payment on PayPal but it does depend on which card you are using. For example, Amazon and Visa cards can be used to send the balance to PayPal account but eBay does not support this type of transaction.

    How can I send funds from Visa gift card to a linked bank account?

    Method 1:

    You will need a third-party app to complete this task. In our case, we recommend using Square. Sign-in your Square account. Open Square Settings and choose to connect your bank to the app by providing the account number and other relevant information.

    Then enter gift card details on the Square App. Alternatively, you can use the Square card reader as well. Wait for Square to accept your card. The amount that you had entered will be deducted from the gift card and deposited in your bank account within 24 hours.

    Method 2:

    You can also simply withdraw cash from the gift card at Kiosk and deposit the funds into your bank account.

    Is it possible to change the balance you have on a gift card to cash?

    You can visit the gift card exchange kiosk to trade your card for cash. You can find such trade points at various grocery stores. However, the kiosk will offer you a deal and not the exact amount of balance you have on the card. You can choose to accept or turn down the deal.

    Can I send the money I have on eBay gift card to PayPal?

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    Faq: Can You Transfer Money From A Vanilla Visa Gift Card To A Bank Account

    There are several methods, both directly and indirectly, in which the funds from the Vanilla Visa gift card can eventually get to your bank account. However, be mindful of the fees in some cases.

    One point to note is that even after following the prompts on your PayPal account to link the Visa gift card to your PayPal wallet , you may receive an error message.

    If an error message is received, simply follow the process to register the card. An address would then be linked to the card and your PayPal should be up and running from there. You would now be able to get cash from your Visa gift card.

    How To Transfer Money From Visa Gift Card To Bank Account

    How to transfer your gift card balance to paypal

    A gift card is a type of payment card you can exchange for a specified amount of money to buy goods or services from a specific business. The card is given as a gift, and that is why it is called a gift card. You can employ a few tactics and avail money in a gift card to your bank account. I will explain how to transfer money from a visa gift card to a bank account.

    One drawback of a gift card is that it is not that secure. If you ever lose a gift card while on your way to the shopping center, someone else can collect the card and use it for various transactions. Again, a gift card is not like a credit, debit, or prepaid card that you can use anywhere you want. Most of them are store-specific, meaning that you cannot use them anywhere else.

    Also Check: How To Cash A Amazon Gift Card

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