Why Is My Gift Card Not Working Online
Visa gift cards are linked to bank accounts that generally must be activated in order to receive transactions. Inactive cards will be declined if used for payment because the associated bank accounts are not ready to be used. The same is true for Visa gift cards, whether you buy them online or at the store.
Pay Your Bills With Your Visa Gift Card
Using your gift card to pay a bill is exactly the same as converting your Visa gift cards to cash although youll never actually get to see the money.
Just remember that because the Visa gift card is treated the same as a credit card, youll also incur any credit card fees, so make sure you do the math to confirm that its worth it.
How do you liquidate a Visa gift card by paying bills?
This can be done with any billing provider that accepts Visa credit cards for bill payments, as the Visa gift cards are treated exactly the same.
Not every single company will allow this, but youll almost certainly be able to use your card in this way for things like topping up your phone credit, buying groceries and gas or renewing your subscription at the local yoga studio.
Gift Your Visa Gift Card To Others
If you typically give cash to certain friends or family for their birthdays, you can give them your gift card instead.
This way, you can avoid the costs involved in converting Visa gift cards to cash and use it in place of cash.
Before doing this, be sure to check the gift card’s actual value and that there arent any use-by dates coming up soon.
Nothing worse than giving a gift card to a good friend and finding out later it didn’t have the full balance on it.
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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.
Use Your Visa Gift Card To Buy A Money Order
You can purchase a money order at Walmart and select grocery stores with your Visa gift card, which you can then turn into cash by depositing it into your bank account.
Be sure to set a PIN on your gift card first because Walmart only accepts cash and debit cards for money order purchases.
The maximum charge for purchasing a money order from Walmart is $1, making it really affordable.
One major downside of money orders is that they can raise suspicion of fraudulent activity if done frequently, leading to account closure.
Therefore, it doesnt work well as a long-term strategy. Once or twice is good enough.
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Buy A Money Order With It
If you have a PIN you can go to a retailer like Wal-Mart or any place that sells money orders, purchase a money order then deposit the money order into your account. Money orders will only cost you a .70 cent fee and youre done.
This method may not work anymore as stores force non-chip cards to use credit rather than debit, even with a PIN. However, not all retailers have integrated this into their POS system.
Purchase A Money Order
Chains like Walmart and certain groceries stores let you purchase a money order with your Visa gift cards, which you can deposit directly into your bank account.
Not all places offer this, so check multiple locations before you find somewhere that offers money orders.
You also have to create a PIN for your card beforehand and the transaction will include a small fee.
Ultimately, if somewhere near you offers money orders, this is one of the simplest ways to get cash out of a Visa gift card.
Also, avoid doing this too frequently, as banks may suspect criminal activity and can sometimes close accounts that deposit money orders regularly.
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Can I Buy A Gift Card With A Credit Card At Target
Retailers where you can buy gift cards with your credit card include Amazon, Target, Walmart, The Home Depot, Walgreens, CVS, Simon Malls and GiftCards.com. Many credit card rewards programs allow you to redeem your points or miles for gift cards, so that’s another avenue to get them with your credit card.
How Much Money Can You Get With A Visa Gift Card
In most cases, you can get your cash almost instant while some may have a 24-48 hour waiting period. You should know the terms before you sell them, however. Again, dont expect 100%. Instead, maybe 95% at most. For instance, I could get $22.50 for my $25 Visa gift card. You have to ask yourself if its worth it.
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Ways To Convert Your Visa Gift Cards To Cash
Visa offers prepaid gift cards you can use for any special occasion. Whether its a birthday, wedding, or holiday, these cards are a welcome exchange.
Since they are monetary in nature, the question arises can I turn a gift card into cold hard cash? Anyone can convert a Visa gift card to cash, but you have to do it in a specific manner.
Allow me to explain in detail how you can perform this action. Before I start, I should let you know the type of Visa gift cards that can be converted.
This post may contain affiliate links. That means if you purchase an item through these links, I may earn a commission at no additional cost to you. Please read the full disclosure policy for more info.
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.
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Swap Gift Card For Cash
A simple way to exchange a gift card for cash is to swap the card for the cash amount. You may have friends or family members that need to buy something and can use that specific gift card towards it. As they were going to spend the money anyway, they could just use the gift card instead of cash.
This is a win for you as you now have the cash in your bank account to use yourself.
Offering this deal to friends and family may work better when you know specific events are happening that usually include gift-giving. This could be Christmas, birthdays, weddings, etc. At these times ask around to see if anyone can make use of a gift card in exchange for the cash.
One reason people may decline is that the gift card balance isnt high enough. For example, the gift card balance is $50 but they plan to spend $100. This is OK. Simply let them know that retailers can usually do a split tender transaction. A split tender transaction means part of the balance is paid using a gift card and the rest can be paid with cash.
Swapping a gift card for cash in this way is a great method as it means you get the full amount of cash. That cash can now be used for savings, investing, or paying off debts.
Buy A Money Order With 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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Gift Card Exchange Websites
Raise is an online marketplace for gift cards.
You list your gift card and set the selling price. You get paid via direct deposit, PayPal, or check when you sell your cards.
CardCash is another similar site, but instead of being a marketplace, they buy them from you.
Typically you don’t actually have to send them the card. The value can be transferred electronically to them using the card number and pin. If you do have to mail them in, it will take a bit longer to receive your money.
And if your card has an expiration date or is a promotional gift card, it likely won’t be accepted.
And remember, using these services will cost you typically 8-15% of the value left on the card.
eBay, or another similar eCommerce site, is another option. You can list your unused cards for sale. And even though a commission is charged, you’d pay less than the other sites’ fee.
Add It To Your Paypal Balance
If you are looking to convert a Visa gift card to cash, try using PayPal. PayPal uses the Card Cashwebsite to help individuals transfer gift cards to their PayPal balance.
If you use the PayPal option, you will have to purchase another gift card with the Visa gift card first. Due to the fact that Card Cash only accepts gift cards from stores and restaurants, you will have to purchase a gift card from one of their accepted merchants first.
Once you do that, you will be ready to go. Here are the instructions on how to convert your gift card to PayPal cash using Card Cash. With this method, you will be able to transfer a Visa gift card to a bank account.
1. Go to the website Card Cash and click on the Sell gift cards option. Enter the merchants name and the balance on the gift card. Then click Get Offer.
2. When you get an offer, you will see the PayPal amount you can exchange the gift card for right on the site.
3. If you agree with the amount, all you have to do is click Get Cash and then select how you would like to get paid. If you want the PayPal option, click PayPal Express.
4. Enter your gift card number and pin. Then click Connect with PayPal. Log onto your PayPal account and fill out the required fills and then click Get My PayPal Balance.
Check out PayPal to see the same instructions and more details on how to transfer money from gift cards to your PayPal balance.
Additional Ways To Earn PayPal Gift Cards
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Go To The Gift Card Issuers Website
If you dont have access to a phone, no worries. You can also check your card balance through the issuers website.
To find out who issued your gift card, look on the back of the card near the phone number. There should be a URL listed that you can go to and find out your cards balance.
You can also go here for a list of the card issuer websites.
Pay Yourself With Square
If youre a freelancer of sorts and accept credit cards, then I highly recommend a Square reader if you dont already have one. Its a great way to swipe credit cards and get paid on the spot.
If you already have one or youre interested in one, the reader is free and lets you accept credit cards anywhere as long as you have your smartphone. Generally, you can get paid the next day.
In this case, you could pay yourself with the gift cards full value, but you will have to pay a fee in doing so, usually 2.6% + $0.10. Nonetheless, its a quick way to get cash if need be, but I would only do so if you have the reader and use them consistently. If you sign up to do this, you may get a warning email.
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Benefiting From Your Gift Card In Other Ways
How Can I Get Cash For Gift Cards Immediately
If you need cash quickly and cant wait, there are several ways to get the cash almost instantly. Sell or swap the card to a friend or family member, this means you have the cash now. Go to a kiosk and exchange the card, you can get the cash immediately from the cashier or customer service desk. Transferring cash from PayPal, Venmo, or other cash apps to your bank account can be done instantly as well although fees may apply.
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Can You Get Cash Back From A Visa Gift Card
As a general rule, only prepaid Visa cards are accepted when claiming cash backs. The only way to use your gift card is by reselling it, purchasing stuff, buying a money order, or regifting it to a friend. To get cash from the card, you have to jump some hoops, such as reselling it at a lower dollar value.