Tuesday, October 4, 2022

Can I Transfer Visa Gift Card To Bank Account

Don't Miss

Sell It To A Gift Card Exchange Website

Can I transfer money from a Visa gift card to my bank account?

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.

Two: Visit Your Prepaid Cards Website To See If They Offer Transfers To A Bank Account

Some prepaid card companies help you do transfers to your bank account through their website or app. So your first stop should be the website of your prepaid card provider.

Check Your Card Companys FAQ Page

Here, theyll usually have a FAQ page. If your card company allows transfers, theyll state it very clearly.

For example, the Bank of America CashPay card says the following on their FAQ page:

you may perform an Online Funds Transfer via the CashPay Customer Service website at www.bankofamerica.com/cashpay to transfer funds from your CashPay account to a traditional checking or savings account owned by you in the United States.

Not in the FAQ? Check Your Card Companys Features Page

If you dont find it on your card providers FAQ page, check the features and benefits page of your prepaid card.

On the Netspend website, this information appears on the Card Benefits page:

Have a bank account in addition to your Netspend Card Account? Link your financial accounts from participating bank accounts and you can transfer money between them and your Netspend Card Account.

If your prepaid card company offers transfers to your bank account, then carry on to the next step. If its not clearly stated, then your best bet would be to try the MoneyGram method that we list below.

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!

READY FOR MORE?

Join thousands of subscribers in getting regular tips in your inbox on how to take control of your finances and make more money and, for a limited time, get our free guide on the 20 most popular side hustles as a gift!

Got it!

Check your inbox to grab your free guide!

Youll also join our mailing list to get updates on how to make and save money unsubscribe at any time at the end of each email.

Read Also: How To Pay Best Buy Credit Card On App

How Do I Use My Gift Card

There are two types of gift cards offered by banks, and these are open-loop and closed-loop. Financial institutions issue the first one, and you can use it to buy goods at any place accepting the cards. The second one can only be used with a specific merchant. For example, you can have a gift card that can only be used with Walmart or Amazon.

When you want to buy items with your card, you visit a store accepting the cards and then use a gift card reader machine to communicate with the card issuer, allowing a specific value deduction.

One time gift cards are useless once their value is exhausted. However, reloadable cards allow you to top up money when the balance is low. Banks and other financial institutions usually offer reloadable cards with no fees so that you do not have to buy cards now and then.

While there are tangible gift cards, there are also mobile gift delivered to mobile phones via email or SMS. You can use them online with social apps instead of queuing in stores. Visa virtual cards are useful anywhere in the world.

Sell Your Visa Gift Card To A Friend

How to Transfer a Visa Gift Card Balance to Your Bank ...

Probably one of the best and easiest ways to convert your gift card balance to cold cash is by selling it to a friend. It doesnt hurt to ask around your circle if someone needs a Visa gift card, or simply ask if anyone is interested.

They might say No, but chances are, they might also say, Yes. After all, who wouldnt want to help a friend, right?

Also Check: How Do I Check My Cabela’s Credit Card Balance

Turn Your Visa Gift Cards To Cash By Buying And Reselling Items

This may take a few extra steps to do but it may be the only other option on this list that lets you make money from converting your Visa gift cards to cash .

As mentioned, most stores treat Visa gift cards like credit cards. This means that you can generally use them to buy items at almost any store, so keep an eye out for things that are either heavily reduced or in high demand.

In both cases, theres a good chance you may be able to resell the item at a higher price than what you paid. This, in turn, will let you eventually get cash from your gift card.

Related: Why Living Stingy Could Be The Key To Achieving All Your Financial Goals

Can You Transfer Money From Gift Card To Bank Account

Of course, you can transfer money from most prepaid gift cards to your bank account using a service called CardCash.

There are some gift cards that are disposable and can only be used until the balance reaches zero while most prepaid cards are reloadable and can be used forever.

Thankfully, there is one proven way for transferring money from your gift card to your bank account.

You can use mobile payment services like CardCash to transfer your money from your gift card or prepaid to your bank account.

But the thing is, its more expensive than just using a gift card or prepaid card to buy items. So make sure that its really the cash value that you want from the gift card.

Don’t Miss: How To Check Your Visa Credit Card Balance

Bank Of America Cashpay Card

If you have a Bank of America CashPay Card, whether it is a Visa or Mastercard, you can transfer funds to your bank account. If you have an originally-issued CashPay card, it is possible to perform an online funds transfer to a traditional United States savings or checking account that you own.

You have to pay corresponding fees and a minimum of $20 may be transferred.

  • Go to the CashPay Customer Service website www.bankofamerica.com/cashpay.
  • Register a transfer-to account before performing your first transfer. You can only have up to two transfer-to accounts in your profile.
  • After registration, you can sign in and select the Transfer funds link within your online Account Summary page.
  • It takes 5 business days for your new transfer-to account to be authenticated before the transfer will be made.
  • Want To Get A Visa Gift Card

    How To Turn Visa Gift Card into Cash Using Paypal or Venmo | Transfer GiftCard Money to Bank Account

    A smart gift anyone can appreciate.

    The Visa Gift card is an ideal choice for birthdays, holidays, weddings, and suits all your gift-giving needs. It’s also perfect for people of all ages. You decide how much money to give they decide where to spend it.

    You will receive important information regarding the Visa Gift card such as how to activate and use the card. This information should be given to the recipient of the card.

    You May Like: How To Check Debit Visa Gift Card Balance

    Easy Ways To Transfer Visa Gift Card To Bank Account In Less Time

  • References
  • To transfer visa gift card to bank has been somewhat difficult for individuals and even impossible for most people.

    Having visa cards have saved individuals the stress of carrying cash around and going out of budget with their expenses because they can load their cards with a set amount of funds that can carry their purchases for a long period of time.

    But where by a person has enough funds in the visa card and lacks cash at hand, there becomes the need to be able to transfer the visa gift card to a bank account in order to access the cash and use however they want.

    So the common question is How do you transfer visa gift card to bank account?

    This content is going to help you understand the modules of transferring visa gift cards to a bank account. But Its important you first understand what a visa gift card is.

    How Do I Tranfer Money Into My Paypal Account With Vanilla Visa Gift Card

    So I got this card yesterday I signed up for a paypal account and comfirmed, now my Paypal has a balance of $1.95USD , I had no idea how I got the $1.94 in my Paypal account all i just is i comfirmed with the 4-digit number they sent to me on my statement .

    Please help me out here, How do I transfer money out of my Vanilla Visa Gift Card into my PayPal account.

    Don’t Miss: Cabela Gift Card Balance Check

    How To Transfer A Visa Gift Card To A Bank Account

    You can transfer money from a prepaid card to your bank account indirectly by trying some of the following options, which we go into more detail about above:

  • Add the card to your PayPal or Venmo account and transfer the balance to your own account
  • Get money for a voucher issued by a Gift Card Exchange Kiosk and then deposit it into your account
  • Choose an app or website to sell your gift card to that pays you through direct deposit, letting you then use the selling price as a way to transfer the Visa gift card to your bank account
  • Use the card to buy a money order, with the value of this then placed in your account
  • Give The Gift That Won’t Be Returned

    How to Transfer a Visa Gift Card Balance to Your Bank ...

    Shop for family, friends, clients, employees or anyone else all in one place! A gift card from UCB can be used anywhere Visa is accepted and is the perfect gift for any occasion.

    • Birthdays

    Gift cards do not have to be activated prior to use. However, in order to preserve certain rights set forth in Section 10 of the Terms and Conditions disclosure, we recommend you register your MBT gift card at ucbbucks.com. If you do not have Internet access, you may register by calling 1-866-279-4545, 24 hours a day, seven days a week.

    Yes, but you must first register the card in your name. Visit ucbbucks.com or call 1-866-279-4545, 24 hours a day, seven days a week to register your card. Once registered, you can make online purchases with your card up to the available value of the card. Enter your card number, expiration date and any other information requested by the online merchant.

    No, you will not be charged a fee for making a purchase at participating merchants.

    Also Check: App For Best Buy Credit Card

    How To Transfer Gift Card Balances To Your Bank Account Using Cardcash

    Yes, you can transfer money from most prepaid gift cards to your bank account using a service called CardCash.

    Unlike most prepaid cards, gift cards are disposable and can only be used until the balance reaches zero while most prepaid cards are reloadable and can be used indefinitely.

    Thankfully, weve found one proven method for transferring money from your gift card to your bank account.

    You can use mobile payment services like CardCash to transfer your money from your gift card or prepaid to your bank account.

    The catch? Its more expensive than just using the gift card or prepaid card to buy items. So make sure that its really the cash value that you want from the gift card.

    To transfer gift cards to your bank account using the CardCash Option:

  • Go to this page on the CardCash website
  • Enter the gift card you have Ex: Walmart
  • Enter the amount on the gift card Ex: $100
  • Click GET OFFER and an offer for how much they will pay you will appear Ex: $88.00
  • If you accept the amount, click Get $88.00 Cash
  • There will be a pop-up window asking how you will like to get paid and choose PayPal Express
  • Enter your gift card number and PIN and continue to connect with your PayPal account
  • Log-in to your PayPal account and fill the required fields
  • Click Get my PayPal Balance
  • Once the balance reaches your PayPal Wallet, you can now transfer the money to your bank account by following these steps on How to transfer from PayPal to my bank account?
  • 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.

    Recommended Reading: How Do I Check My Cabela’s Credit Card Balance

    Use A Gift Card Exchange Kiosk

    A gift card exchange kiosk is a dependable method to transfer Visa gift cards to cash. Look for machines within select grocery stores theyre often yellow machines that look like casino slots and make similar noises.

    The system requires that you enter the card information, such as card number and expiration dates. Youre then given a choice to get a cash-back offer.

    Once you accept, youll need to print the voucher and bring it to a nearby cashier. Thats usually all thats needed to do to get money through this method. If you have trouble with card swipes, ask for assistance.

    Not all grocery stores dont have a gift card exchange kiosk so its best to do a search first so you dont waste your time. What I like about kiosks is its a faster way to turn Visa gift cards into cash.

    Other methods take days before the transaction is complete. With kiosks, youll get your money almost instantly. Make sure you bring your identification just in case.

    I should mention exchange kiosks do take a small chunk of your proceedings. If you dont plan on using that Visa card anyways, its a reasonable sacrifice to make. Dont accept the offer if you dont like it you can always cancel before the process is complete.

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

    Can I transfer money from a Gift Card to my 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.

    You May Like: What Credit Card Company Pulls Transunion

    More articles

    Popular Articles