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How To Withdraw Cash From Visa Gift Card

Use The Visa Gift Card To Pay Your Bills

Can You Use Visa Debit Gift Card At ATM?

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

Visa Travel Card Features

  • 24 hour cash access. Use your Travel card to make purchases worldwide at merchants that accept Visa or obtain local currency at any ATM that displays a Visa symbol.
  • Variable purchase amounts. Visa Travel cards can be purchased in any amount .
  • Multiple Cards. You can purchase additional cards that allow you to access the same funds. Each additional card will have its own unique PIN. You can give them to travel companions, or keep them as instant replacement cards in case your card is lost, stolen or damaged.

How To Turn Visa Gift Card Into Cash

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If you have a Visa gift card in your possession for whatever reason it may be, you may be looking for way to turn it into cash and asking yourself, Can I get cash back from a Visa Gift Card?

A Visa gift card is almost as good as cash as its accepted almost everywhere, but sometimes, its nicer to hand cash in hand for other reasons. I get it.

Converting your Visa gift card into cash can be done, but you have to know how to do it because it isnt as easy as going to the bank and asking for the cash. These gift cards dont work like that, unfortunately.

While there are a variety of ways to do so, the terms will vary for each. The good news is that you can get cash for every strategy I mention, but one method may be easier for you than it is for me. Ill leave it up to you to decide which strategy works best for you.

So, with all of that being said, lets take a look at how you can turn a visa gift card into cash almost immediately.

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How To Transfer Money From Your Prepaid Card To Your Bank Account Using Moneygram

We struggled to find a simple, sure-fire way to move funds off our prepaid cards for a long time. One day, a helpful reader shared this clever hack that works with almost every prepaid card.

Using a remittance service like MoneyGram, you can transfer money to your bank account quickly, cheaply and safely.

Here Are Some Reasons Why We Love This Method:

Safe: MoneyGram has been around since 1940, and is the second largest money transfer company in the world.

Fast: Receive your money in minutes if you choose the Debit Card Deposit option.

Cheap: Fees are as low as $1.99. See our section on how their fees are calculated.

Reliable: Dozens of our readers have successfully used this method, and it appears to work for virtually any prepaid card.

Here are the steps to transfer money from your prepaid card to your bank account using MoneyGram:

How To Convert Visa Gift Cards To Cash

Can I Get Cash Off My Visa Gift Card?

There are a bunch of different ways to get your Visa gift card balance converted to cash. In a few cases, theyll let you end up with actual cash in your hand, while others will let you treat the card as if it were cash in terms of how you use it.

There are a few ways though that involve a transfer of the Visa gift card to your bank account. From there, youll then be able to withdraw the money as cash.

free $5 Visa gift card

This means that, in each case, the outcome is the same. So it just becomes a question of which one is easier for you and which one ends up with you paying the lowest fees so you can save as much of the balance as you can.

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Also Check: Where Can I Get An Audible Gift Card

Trade For Cash Using A Gift Card Exchange Kiosk

Gift card exchange kiosks are located in supermarkets and shopping malls and are typically bright yellow in color. They can be easily located by doing a quick search engine look up. These can be easily used to get cash from a Visa gift card.

Once you have identified a kiosk, you can follow the prompts on the screen to enter your gift cards information. Eventually you would receive a series of offers as a trade for your card.

If you wish you can select the cash offer, if one is presented and to your liking. A voucher would then be issued to you to take to the cashier to redeem for cash.

Though you would not be capitalizing on the full cash value of the gift card, the bottom line is you can get money off a Visa gift card by using a Gift Card Exchange Kiosk.

We have made it even easier to find a Gift Card Exchange kiosk to convert your Visa gift card to cash. Just use our Gift Card Exchange Kiosk Zip Code Search below!

All you need to do is enter your zip code in the search box and hit the button to find the Gift Card Exchange Kiosk nearest to you, ranked by real Google Reviews.

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Remember you need to buy items from vendors that accept gift cards as payment. Established sites such as eBay and Facebook Marketplace are a great place to start.

Once you have bought the item, you now just need to resell it for a higher price than you paid. After it has sold you now have the cash in your account to use however you like.

Buying and selling goods will involve more work than the other methods listed. However, it can mean making a profit on the gift cards which for many means the extra time spent is worth it. If you are in a rush for cash then one of the other methods will be better.

Read Also: Where To Buy Hellofresh Gift Cards

Give Out The Visa Gift Card As A Gift

Sometimes, you may be required to give a gift to a friend or a family member for special occasions such as weddings.

Since the prepaid Visa gift cards are usually bought in denominations of $100, $200 or $500, it can be an excellent gift and will essentially serve as cash.

Instead of giving a check, a Visa gift card is just as good.

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Are Visa Gift Cards Considered As Cash Advances

How To Add Visa Gift Card To Paypal Balance

Depending on how you purchase a gift card, the transaction can be treated as a cash advance. This is usually applicable when you use a credit card to pay for the gift card. In such a case, you will be charged a cash advance fee, and on top of that, youll pay a high interest rate.

Altogether, visa cards are considered as cash advances when buying from a financial institution or when buying a prepaid card instead of a gift card.

Read Also: Where To Buy Hotel Gift Cards

Easy Ways To Convert Gift Cards To Cash

Disclosure: This post may contain affiliate links, meaning I get a commission if you decide to make a purchase or sign up through my links, at no cost to you. Please read my disclaimer for more info.

Do you have a Visa gift card that you wish to exchange for cash? Here are several easy methods you can use to convert gift cards to cash.

Visa gift cards are a great way of saving on shopping. Most are sold during promotions where stores offer incentives for shoppers to buy and use them. However, sometimes people need to convert a Visa gift card to cash.

Well, no cause for alarm.

If you wish to convert your gift cards to cash, there are numerous ways to do it.

In this article, we will explore the most feasible ways available to convert that Visa gift card to liquid cash.

But why would you want to convert your Visa card? Well, there are a number of reasons why someone may wish to do this.

If you are like me and check your net worth on Personal Capital daily, you likely think gift cards are a waste of time and space. Why carry virtual money when you can have cold hard cash to invest or pay down debt?

These Visa gift cards cannot be used to withdraw money at an ATM, which therefore makes them somewhat inflexible.

Preferred Method for Converting Plastiq

Our preferred method to use to convert a Visa card is with Plastiq. Its completely free to join and you can pay for anything with credit cards. Even where credit cards arent accepted.

Free

Gift Cards Into Cash Final Thoughts

Visa and Mastercard gift cards can be used in a lot of ways either in-stores or online. If you have a gift card or more than one, then they can be redeemed anywhere that has the Visa or Mastercard logo.

Having lots of gift card balances might sound good but often converting to cash is better. Why? One reason is that you could lose the gift card balance if you havent used it in time. Having cash is preferable for many people as it can be used for anything you like. Cash can be used to pay debts, add to investment portfolios, or put into a savings account.

Another great reason to convert to cash is that it is easier to monitor your total wealth. This can be invaluable for people striving to live a frugal lifestyle as knowing exactly how much you have at all times is a big part of planning a healthier financial life.

When converting gift cards remember to check for any fees that may apply. If a fee is involved factor this into your decision when deciding how to liquidate Visa gift cards. When you have the time always go for the option that gives you the biggest return.

If one of the methods listed above stops working, dont panic! You have 10 others that will allow you to convert the gift cards to cash.

In most cases, you can have the money quickly and be free to use it for whatever you need. Simply make a choice and get started!

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Where Can You Use Your American Express Gift Cards

The easiest way to get the full value for your gift is to use it for purchases. These gift cards can typically be used at most in store and online retailers and are accepted anywhere American Express is accepted in the United States and the District of Columbia. American Express gift cards cannot be used for recurring billing or at ATMs.

Your gift card may be declined if there are not available funds available on the gift card to cover your purchase, or a pre-authorization request. Some businesses such as gas stations pre-authorize a certain amount for those who pay at the pump. To avoid this and only have a hold for the amount you spend, pay inside the gas station where possible. To make sure you have enough on your gift card for purchases, keep track of your available balance having your card declined.

How to Check Your American Express Gift Card BalanceBefore you use your AmEx gift card to make a purchase, or to convert to cash, you will need to know how much is on the card. To check the balance of your American Express Gift Card, visit balance.amexgiftcard.com and enter your Gift Cards Security Code, Expiration Date, and Card Number.

Transfer Cash Via Venmo

Visa gift card withdraw cash

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.

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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.

Shopping Online With Your Visa Gift Card Always Use The Honey Browser Extension

The Honey extension is a free tool that automatically scans thousands of potential vouchers, codes, and discounts so you dont have to! If there is money to be saved, Honey will find it and automatically add it to your cart!

This method could be used for anything that you normally pay with cash. Provided the vendor accepts Visa or Mastercard, then you can do this. You could use gift cards to pay large bills, small bills, or just for your regular purchases at the local store.

Whatever you use the gift card for, you now have the equivalent amount of cash still that you can use for any purpose. The cash could be saved in the bank, used to pay other debts, or added to an investment account.

Also Check: How To Buy A Gift Card In Store

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.

Buy From A Physical Store And Then Return The Item

How To Withdrawl Cash From Gift Cards – Cash In Gift Cards !

The final method is one that many may feel uncomfortable with. Its included on the list as it is a valid way of converting a gift card to cash but there are some potential risks.

First, you would need to go to a physical store and make a purchase using the gift card. Once you have bought an item, you can return it and request a refund by cash or check. You will need to tell them you no longer have the gift card which is why the refund needs to be made by cash or check.

If all goes smoothly you now have the cash amount of the gift card in your hand. However, there are some potential pitfalls including:

This method isnt the best choice as it is time-consuming plus there are moral and legal implications. However, it is a way that means you can usually end up with the full gift card balance in cash.

Provided you arent breaking any laws this might be a good method to use occasionally.

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Where Can The Gift Card Be Used

Gift Cards can be used for purchases at most places where Visa Debit is accepted. To use your Card for payment of an online or phone purchase, the Card must be registered . After logging into the Gift Card Website, select Edit Profile to register your Card and add your Mailing/Billing Address. Once a purchase is made with the Gift Card, it is not possible to stop.

Gift Cards may NOT be used at automated fuel dispensers*, ATMs, and certain merchant locations such as hotels, gambling establishments, rental agencies, and some online retailers. Gift Cards may not be used for automatic recurring transactions such as internet service providers and health club fees, or internet gambling, or any illegal activity. Gift cards may not be accepted for bill payment transactions. We recommend checking with the merchant to see if they accept Gift Cards for payment.

*Gift Cards may not be used at an automated fuel dispenser but may still be used at a gas station if paying inside with a cashier processing the transaction.

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