How To Turn Gift Cards Into Cash Online

With Raise Youll Get To Set Your Own Price For Your Unused Gift Cards

How To Turn Gift Cards Into Cash Tutorial

Payout value: You set the value of your gift card!
Payout options: Check by mail , ACH deposit, or PayPal.
Retailers accepted: More than 4,000 brands, though there are many brands with restrictions.

Likely one of the most well-known websites on this list, Raise.com is another great place to sell your unwanted gift cards. Its a bit different from the other websites mentioned as you have the freedom to set your own price for the sale. Sweet!

At Raise, after you enter in the amount of your card & card information, you choose your selling price , and the website will show how much you can earn from the sale after they take their cut of the selling fees. So while it may seem like you could get more for your card on Raise, dont forget to take the websites commission into account.

Looking to buy a gift card? For a limited time, get an extra 10% off all of Raises discounted gift cards when you enter promo code FIRST on your first purchase.

How To Get Cash Back From A Gift Card Vendor

Many gift card vendors tell you that they will not exchange your gift card for cash except where required by law.

This refers to legislation in 11 states and Puerto Rico that forces vendors to give you cash for the value remaining on your gift card. The amount they have to reimburse is limited to:

$5 in most states
$3 in Connecticut
$1 in Rhode Island and Vermont

This is great news if you live in one of those states, but you will still have to:

Go to the store, outlet, or restaurant where the card was issued

Explain the law to the cashier or staff member

Use The Visa Gift Card To Pay Your Bills

The next method, which is as good as getting liquid cash, is using the gift card to cover your bills. This can be done with the free service called Plastiq as mentioned above.

You can do this in the following ways:

Pay large bills like your mortgage, car payment, and more

Since you would have used cash to pay for the installments of loans like your car loan or mortgage, using the card is as good as cash.

Some companies, such as Plastiq, allow clients to settle certain bills through credit cards.

And, since Visa cards are perceived as credit cards, you can use them with companies that allow payment by credit.

However, you should know that since the company will treat the card as a credit card, the card will incur slightly fees. Its completely free to sign up and try.

Free

Pay everyday bills

Besides using the cards for larger bills, you can also use it to settle regular bills or, better still, make some local purchase with the Visa gift card.

This is possible since, in most cases, Visa gift cards are acceptable in stores that accept normal Visa cards.

Also, billers who accept the use of credit cards will, in most instances, take the gift card as payment.

See Related: 10 Ways to Get Money

Read Also: Amarktflow Gift Card

Buy Items On Sale And Resell

One cool way to liquidate Visa gift cards is to use them to buy some stuff that is on sale and reselling those items. I know of people who take advantage of Boxing day sales to buy things like clothes.

Just a few minutes of a Google search can alert you to some amazing deals that you can take advantage of. You can for example for words like, closing down sale, sale everything must go. And similar words to find bargains in your area.

It is then just a case of whether you have enough money in your Visa gift card to afford the goods being sold. You can then use that money on your card to buy something you can resell at a profit. I have seen sales that offer a 50 percent discount.

As a result, you will thereforenot only get cash but get even more money if you can resell at a profit.

I know some of you might not wantto follow this method as it is time-consuming.

However, the fact is that nothingcomes for free in this world.

If you want to do well in thisworld and make extra money you have to be willing to put in the time.

Related: How To Flip Items For Profit

Buy A Money Order With The Visa Gift Card

Alula kiosks turn your gift cards into cash

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.

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Are Visa Gift Cards Traceable

The transactions themselves are traceable as they are tracked by Visa but it is another thing when it comes to tracing the user. This is because there is no name or contact information connected to the card.

Having said that I should still add that one can still trace the buyer of a gift card easily if they bought it using a debit card or using their bank account.

In this case, the seller or law enforcement can be able to track you through your card details or bank details used during the purchase. But if you use cash to purchase the gift card it would be difficult to trace the purchaser.

Another way law enforcement or others can track the user of a gift card is through the IP address of the computer used to do a transaction. Most people dont know that almost all the transactions we do online leave a digital footprint.

Even the emails we send leave a digital footprint in the form of the IP address from which it was sent. It does not matter whether you are using Gmail or yahoo mail. Another way an investigator can trace you is through the mailing addresses you use when doing your purchases.

Doj Investigates The Use Of Gift Cards In Financial Schemesyour Browser Indicates If You’ve Visited This Link

Any fan of The Real Housewives of Salt Lake City is familiar with the news about Jen Shah, a cast member, allegedly participating in a telemarketing scheme defrauding victims including the elderly. The Federal Trade Commission calculated that in 2020 alone Americans 60 years or older lost at least $602 million dollars due to fraud,

Recommended Reading: Where Can You Buy Apple Store Gift Cards

How Can You Protect Yourself

These simple steps will keep you safe against unscruplous sellers and fraudulently obtained gift cards

Check your gift card balance before going to the store.
Use full balance of the card within 45 days of the purchase. Even if you checked the balance and it was fine within 45 days, the guarantee expires at 45 days from your purchase date.
All you need to do is use the card within 45 days.

Turn unused gift cards into cash or buy discount gift cards to save money every time you shop with CardCash.

How To Get Cash From A Vanilla Visa Gift Card

HOW TO TURN PREPAID VISA CARDS AND GIFT CARDS INTO CASHPREPAID2CASH

The answer to the question of how to get cash from a Vanilla Visa gift card is the same as how to convert any Visa gift card to cash: using one of the strategies mentioned in this article.

That is, while you cant get cash from a Vanilla Visa gift card directly, nor can you transfer money or withdraw money from your Vanilla Visa gift card, there are several workarounds that have the same outcome.

Recommended Reading: How To Use Target Gift Card Online

Sell It On Facebook Marketplace

If you are looking to convert Visa gift cards to cash consider joining Facebook Marketplace to sell them. You can check out Facebook Marketplace to sell and buy unwanted gift cards. This is a pretty awesome way to get cash in exchange for unwanted gift cards.

My recommendation for selling on Facebook Marketplace is to make sure to put up high-quality images of the gift cards you want to sell. Additionally, make sure you know the correct balance on the card before you post it.

My recommendation for buying items on is to first make sure to read reviews of the seller. Ideally, you want someone with 5 out of 5 stars.

You can see a sellers rating by clicking on the item that they are selling and looking under the sellers information. If someone has a bad rating, skip getting any items from that person to save yourself the headache.

Turning Gift Cards Into Cash With Donotpay

DoNotPay can help you redeem your used gift card for cash and turn the whole process into a breeze. Heres what you need to do:

Select our Gift Card Cash Back product

Provide the necessary information such as:

Your name

The remaining balance

The state where your gift card was issued

Well automatically send your request if youre located in a cash back state. In case youre not, well find an office of the company that issued your gift card in one of the 11 states mentioned above or Puerto Rico and send it there. You can expect to receive your money within 14 business days.

DoNotPays assistance doesnt stop here! We can show you how to get free gift cards and help you check the balance before redeeming your used gift cards for cash.

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How Do You Convert Amazon Gift Cards And Credit Into Cash

This stems from people using the Amazon Trade-In program with extensions like Textbook Arbitrage and Video Game Arbitrage or doing trade-ins like the one described in this post.

When using the Amazon Trade-In program, sellers are paid in the form of Amazon credit. To the normal person, this might seem like a waste of time and money.

Many Ways To Sell Gift Cards For Cash

There are many ways to sell gift cards for cash. The most common way is to sell a gift card online to a gift card reseller that buys the unwanted gift card, sends payment to the seller and then resells the gift card to another customer. In addition to true resellers, there are also online sites that match gift card sellers up with gift card buyers, facilitating transactions without actually touching the cards.

One of the benefits of selling your gift card to an online reseller is that the cash back offer will generally be higher than any other method. The one drawback to using these sites, however, is that youll generally have to wait for payment to arrive. Depending on the reseller and payment method selected, you might wait a couple of days for a PayPal deposit or a few days for a check to arrive in the mail. Because the cashback offer is so good, however, I think online resellers are the best choice when you dont mind waiting to get your money.

Read Also: Where I Can Sell Gift Cards

Use Your Visa Gift Cards To Pay Your Bills

Assuming you need extra cash for grocery shopping and paying some of your bills, you can use your Visa gift cards for this.

Paying your bills with your Visa gift cards is almost the same as converting it to real cash, although you would just never see it physically.

Keep in mind that a gift card is considered a form of credit card, and you would incur credit card fees while using it to settle your bills.

So you should do the required math and check if paying your bills with Visa gift cards is worth it before proceeding.

Examples of bills you can pay with your Visa gift cards include phone bills, topping up your gas tank, and paying for groceries.

If you want to pay large bills like your mortgage, car bills, and more, you should try out a free service called Plastiq that lets you do that.

Trading Your Gift Card

1Use a Coinstar Exchange kiosk. Coinstar Exchange kiosks are usually located towards the front of many large chain grocery stores. Simply swipe the gift card and you will receive an offer. The offer will typically be 60% to 85% of the gift cards balance. You can choose to accept or reject the offered amount. If you accept the offer, you will receive a voucher that you can redeem for cash at a cash register.XResearch source

A Coinstar Exchange Kiosk is different than a regular Coinstar machine that only exchanges coins for bills.

2Go to a Gift Card Exchange kiosk to trade your card for cash. A Gift Card Exchange kiosk is usually bright yellow and located in a grocery store. Insert the card information into the kiosk and then choose to accept or reject the offer the kiosk gives you. If you accept the offer, you can choose between a voucher that can be taken to a cashier in exchange for cash or receive a Visa gift card.XResearch source

You can search online to see where the closest Gift Card Exchange kiosk is.

3Trade your gift card for a different store. If you dont like the store your gift card is from, you can exchange it for a gift card to a store you like. You can do this online or at certain kiosks. For example, you can use a website like CardCash to exchange your gift card. Or, you can go to a store like Target and exchange your card for a Target gift card at a kiosk in the store.

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Get Up To 92% Back For Your Gift Cards With Cardcash

Payout value: Up to 92% of the value of your gift card depending on the retailer.
Payout options: Check by mail, ACH deposit, PayPal, other retailer gift card.
Retailers accepted: More than 1,100 brands.

CardCash accepts gift cards from a wide variety of retailers and features a straightforward selling process. Plus, if youre just interested in trading your gift cards, you can even receive up to 7% more! After you accept their offer for your unwanted gift card, youll be instructed to either enter your card information to transfer the balance or mail it in to be processed.

Shopping around for a gift card? Score over 30% off select gift cards on CardCash.com no coupon or promo code needed!

Datcp: Warns Of Gift Card Scammers During Holiday Seasonyour Browser Indicates If You’ve Visited This Link

Money: 3 Ways to Turn Gift Cards Into Cold, Hard Cash

Shoppers searching for the perfect holiday gift may choose a giftcard as a thoughtful and considerate present. However, the Wisconsin Department of Agriculture, Trade and Consumer Protection advises shoppers to think twice before using prepaid credit cards or giftcards to make payments of any type.

Wispolitics.com

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How To Turn Gift Cards Into Cash

You can turn your gift cards into cash in various ways, including:

Selling it onlineYou can visit one of the numerous card reselling websites and sell your gift card for cash instantly. Keep in mind that you wont be paid the full value

Listing it on an online marketplaceYou can list your gift card on websites such as eBay or Craigslist. This solution will require you to be patient as the card wont be sold immediately, and you will only receive a percentage of the remaining balance

Selling it in personMaybe you have a friend whos interested in buying your gift card, or theres a gift card exchange kiosk near you where you can turn your card into cash

Redeem it for cashIf you have some balance on your gift card, you may be able to redeem it for money, but you will have to check the laws of the state youre in

The easiest way to turn your gift card into cash is to and use our Gift Card Cash Back product. With it, youll be able to get your money back without a hitch.

Convert Your Gift Card To Cash With Donotpay

DoNotPay always finds a way to make complicated processes simple!

All you have to do to get cash for the remaining balance on your gift card is follow these steps:

in your web browser

Click on our Cash Back on Gift Cards product

Fill in your card details, such as vendor, date of purchase, and the remaining balance

We will send your claim to the nearest outlet for them to process. It doesnt matter if you dont live in a state with a cash back policywe will make sure your request is sent to an outlet where your cash back is required by law. You should get your money within 14 days.

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How Can I Cash In A Gift Card

If you are looking for ways to exchange your gift card for cash, you can actually do that online. One of the faster and legit ways you can get cash for a Visa gift card is by selling it on platforms such as Gift Cash.

With this site, you can sell your unwanted gift cards by submitting the gift cards corresponding merchant and balance. After that, Gift Cash will submit an offer to you, and if you accept the offer, they will process your payment and send you cash.

You can also check out selling your unwanted gift cards on Gift Card Granny. This site has been seen in Forbes, NBC News, Oprah Magazine, and much more.