Exchange Visa Card To Money By Buying And Selling Items
Most stores treat Visa cards as credit cards. This means you can use your card to buy items online or in-store for the dollar value of your card.
If you spot a product at an ideal price, you can buy it then later resell it at a profit or at a breakeven price. This can be a great option if you get your cards easily through tasks such as normal internet browsing.
Keep an eye for items on sale, buy using your gift cards, sell, and make a side hustle out of it!
Faq: What Is A Vanilla Visa Gift Card
A Vanilla Visa gift card is a special line of Visa gift cards that are meant to be customized into an extra special gift. It basically takes the concept of gift card giving up a level as the cards can be designed specifically for the occasion or recipient that it is required for.
There are thousands of design options to choose from including your personalized logo or image, making it a perfect gift for all occasions or as incentives by companies.
Vanilla Visa gift cards also come in several denominations from $10 to $500 and never expire. They can be used in a similar manner wherever Visa gift cards are accepted.
Unfortunately, birthdays, Christmas and special holidays come only once a year so your gift cards from those events may be few in number. However, there are many other avenues that pay out in the form of gift cards and specifically, Visa gift cards.
Find A Reputable Resale Site
Yes, these do exist, and while you wont get an equal dollar amount trade, you will get pretty close.
You always want to use a trusted site, so read the reviews before going in, says Frances Ho, president of CardSwap. We grant anywhere from 70 to 90 per cent of the value of the card.
The gift cards that will garner you the best exchange are those applicable to everyday essentials, like gas, groceries or home renovations because these are typically the most in-demand. Specialty places, like sports-specific stores or anything pertaining to niche interests like photography, will not get you a very high return.
Anything that isnt generic, like a gift card for The Keg or the Ultimate Dining Card, which can be used at a variety of restaurants, is easy to trade in, she says.
Also Check: Td Gift Card Check Balance
Can You Add A Visa Gift Card To Paypal
The good news is that you can add a Visa gift card to Paypal if you are living in the United States.
No matter if you have a Paypal account or not, you can use your Visa gift card as any other debit or credit cards.
Once you make a payment, enter the information of your Visa gift card to PayPal and click on pay.
Regift The Visa Gift Card
If youve ruled out all of the other options above, it may be time to think about regifting. If you were going to spend money buying a friend or family member a gift anyway, you can instead gift them your gift card instead.
Just make sure you remove any identifying information that shows it was initially a gift FOR you to avoid potential awkwardness.
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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.
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 liquid 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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How To Convert A Visa Gift Card To Cash 10 Methods That Work
posted on August 27, 2021This post may contain affiliate links. Please read our disclaimer for more information.
Visa gift cards are useful since you can spend them anywhere that accepts Visa, and they generally make for thoughtful gift ideas.
However, if you keep getting Visa gift cards from reward apps or as gifts from other people, you probably want cold hard cash instead.
Plus, theres nothing worse than having several Visa gift cards with just a few dollars left on them, causing you to struggle to spend the remaining balance.
But, if youre wondering how to get cash from a Visa gift card, youre in luck!
This post is covering 10 of the simplest and secure ways to convert a Visa gift card into cash.
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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Can You Exchange Gift Cards For Cash At Walmart
Are willing to pocket less than your gift cards worth? If so, then Walmart is worth looking at.
The retail giant offers a gift card trade-In Program under the Walmart exchange program. And through it, customers can get up to 97% of the original cards face value. The percentage is, however, not guaranteed due to the fluctuations in the trade-in value of different cards.
The exchange program does not apply to Walmart Gift Cards that are neither returnable nor refundable unless when required by the states law.
When purchasing a Visa gift card at Walmart its worth noting that you will be charged an activation fee on a sliding scale, depending on the cards value. For example, a $100 Vanilla Visa Gift Card costs you $5.44 extra.
Top Questions About Gift Card Exchange
While we were at the grocery store selling this gift card, a customer approached me with three questions about how the Gift Card Exchange kiosk works. She said shed walked by the machine many times, but was afraid to try it for fear the machine would take her card. I think her concern and questions are pretty common, so I want to answer them here as well.
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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.
Differences Between All Visa Cards
Before learning how to convert your Visa gift card to cash, you need to know which Visa gift card you hold.
There are 6 different types of Visa cards.
Depending of the types of Visa gift card you hold, there are many ways you can get cash out of it. Here are the differences between these Visa gift cards.
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How Can I Transfer Money From A Gift Card
10 Legit Ways to Transfer Visa Gift Cards to Bank Accounts
Sell Your Visa Gift Card On Facebook Marketplace
There are plenty of , covering everything from used apparel to gym equipment.
But, while it might surprise you, another way to convert a Visa gift card to cash involves selling it on Facebook.
Facebook lets you sell gift cards, so you can get cash from your Visa gift card if you find a buyer in your area whos looking to snag your card.
Just remember: you have to sell your Visa gift card at a discount to actually get buyers, otherwise theres no point for the buyer.
Typically, people discount gift cards on the Facebook Marketplace by 5% to 15%, so do some competitive research to see what sellers are offering in your city
The same safety rules apply here as with all local meetups: try and sell to someone who seems trustworthy, meet in a public place, and bring someone with you to the actual sale so everything goes smoothly.
Extra Reading How To Make $50 Per Day.
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Buy From A Physical Store And Then Return The Item
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.
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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Is It Legal To Buy Gift Cards With Gift Cards
The legality of buying gift cards using other gift cards solely depends on the companys policies.
Typically, retailers allow consumers to use gift cards in their store to buy other gift cards of the same brand card or from their affiliated third parties.
To be clear though, there is no state or federal law that prohibits using gift cards to buy other gift cards.
Why Is A Prepaid Debit Card Necessary
There are various reasons why a prepaid card is crucial to you as an individual. First of all, the card ensures that your money is safe. Carrying cash in your pockets or wallets can be dangerous as thieves can rob you. Again, you may misplace the money as you walk around. You can have as much money as you wish in the card as long as you operate below your card issuers daily load limit.
Moreover, you can use a credit card to buy goods and services. Most supermarkets and service stations accept card payment, and you can swipe to pay. Also, online shops accept payment by cards. Online stores such as Amazon and Walmart accept card payment for convenience. Transaction charges are minimal, and many people find it affordable.
Another importance of a prepaid debit card is that you can send money from one person to another. The process is simple as it happens just the same way you transfer money from one debit card to another. You log into your account and send money. In the process, you need to have the account number of the recipient and probably, the full names to confirm.
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Complete Your Bank Details
After you click Next, you will be taken to another page. Enter your Receivers details there. This will be data like your name, address and account or debit card information. As soon as you do this, click on the Next option. As per the MoneyGram site, many account deposits are finished in no time, subject to banking hours and the accessibility of the system.
Sell It To A Gift Card Exchange Website
Using a gift card exchange website, like Gift Card Granny or CardCash, is the most straightforward method for converting your gift cards into cold hard cash. All you have to do is go on their website and sell your gift card.
Both Gift Card Granny and CardCash take a wide variety of gift cards, including Visa ones. You can easily trade Visa gift cards for cash payments. The best part is they offer up to 90% cashback during the entire process.
First, youll need to select an offer. Once you choose the Visa gift card with an appropriate balance, you can submit it and go through a verification process.
After this is done, youll be able to get paid. This online method allows you to earn more money compared to more expensive rates of gift card kiosks. Keep in mind it might not work for every Visa gift card, as offers come and go.
Can you sell a Visa gift card to another person?
Yes, you can sell your Visa gift card to another individual without it affecting the gift card. If you go this route, youll likely find that people will only be interested in buying it from you if its offered at a discount.
Otherwise, they could avoid the hassle by buying a gift card from a regular retailer. This is a valid option though if you can sell it for more money than a gift card exchange offers you.
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Can I Get Cash Back From A Visa Gift Card
If you have a Visa gift card and are wondering if you can get cash from it, the short answer is probably not. To fully answer the question, however, I need to clarify the difference between a Visa® gift card and a Visa Reloadable Prepaid Card. Both types of plastic may appear to be the sameboth carry the Visa logo and come preloaded with a finite dollar amount to spend. Thanks to a new law that went into effect in 2013, both now also come with a Personal Identification Number so they can be swiped as debit transactions on Point of Sale terminals. Though the two cards are similar, only prepaid cards can be used to get cash from an ATM or to get cash back from a merchant. Gift cards cannot. Read the terms and conditions on the back of your card to know for sure.