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:
Convert Visa And Mastercard Gift Cards Into Cash
Do you have a Visa or Mastercard gift card you want to change into cash?
Are you wondering if its possible to actually get cash for a Visa gift card?
How do you convert a Visa gift card into American Dollars?
If you answered yes to these questions, then you are in the right place. Read on to learn how to liquidate Visa and Mastercard gift cards into pure and wonderful liquid cash!
How To Convert Visa Gift Cards To Cash
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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Transfer Visa Gift Card To Bank Account Through Moneygram
MoneyGram is the second largest money transfer company. They are fast, affordable, reliable, and most importantly safe. Get ready to transfer visa gift card to Bank account by visiting MoneyGram website and following the steps below
#1. Sign up to create an account at MoneyGram
Once you open the MoneyGram website, click the Sign up button, fill in your email address, provide a strong password and sign up.
Go to your email and verify that youve successfully created an account.
#2. Click Send Money at the MoneyGram website
At the top menu bar of the website, click the Send money icon and it would take you to a page where you are required to fill in the payment details. Which includes
- Amount to be sent
- Select Debit or Credit card
- Select the Account Deposit or Debit card deposit option.
Make sure that your visa gift card is linked to your bank account you are sending the money to.
#3. Fill in Bank Details
Youd be taken to a page where youd fill in your bank details after sending the payment information. Here youd enter
- Receivers Name
- Address
- Card information
After entering these information, click Next and your money transfer would be processed. Viola! In few minutes youd have transfered money from your visa gift card to bank account.
Note that MoneyGram charges a fee based on the amount youre sending. And fortunately their fee is ridiculously cheap. $1.99 for amounts less than $200. For amounts above $200, it charges $1.99 + 1% of the transferred amount.
Complete Your Bank Details
After clicking next, youll be taken to a page like in the screenshot above. Enter your Receivers details. This will be information like your name, address and account/debit card info.
Click Next. According to the MoneyGram website, many account deposits are completed within minutes, subject to banking hours and systems availability.
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Terms And Condition Of A Visa Gift Card For Successful Transfer To Bank Account
Expiration date It is important you make sure that your gift card is not expired. Check your card to know when it expires or else transferring money would be impossible
Not Transferrable It is true that there are some cards that are non transferrable. It isnt possible for others to use them. So make sure yours isnt one.
Dormant Card If your gift card havent been used for a long period then a fee may be attached to you for inactivity. Check this to avoid charges.
Adequate Funds Most Individuals end up spending more on charges and fees transferring money from the gift card to the bank account than the balance in the gift card. So to avoid losses, its better to make sure that there is more than enough money in your gift cards before you go ahead to transfer.
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.
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Now Youre Ready To Shop
View products.
When viewing products on Amazon, you will see a note stating that your gift card balance can cover all or a portion of the cost of the item.
Now, you may make a purchase when you find.
When you make a purchase, funds from your gift card account will be used first, followed by your default payment method.
Now you can use your gift card balance to shop!
It may seem like quite a few steps, but its really quick and easy to add your Visa gift card to your Amazon account.
More About Using Prepaid Gift Cards Through Paypal
Can I use prepaid gift cards to make a purchase using PayPal?
Yes. Anywhere in the U.S. where PayPal is accepted you can use prepaid gift cards that have a Visa®, MasterCard®, American Express®, or Discover® logo on it. Please note that this doesnt apply to merchant-specific gift cards, which do not have a Visa®, MasterCard®, American Express®, or Discover® logo on them.
How do I use prepaid gift cards using PayPal?
Just like any other credit or debit cards. No difference at all!
For PayPal members, you can simply add prepaid gift cards to your wallet then start using them during checkout – just like any other credit or debit cards.
For users without PayPal account, you can just enter the card information during checkout in the same way you would do with credit or debit cards.
Can prepaid gift cards used for all services and products through PayPal?
Prepaid gift cards can be used to make payments for any product or service except for recurring payments or reference transactions.
This is because due to the nature of prepaid gift cards, they can become low in balance over time to cover the recurring amount. In order to protect our members from unintended service interruption, prepaid gift cards cannot be used for payments automatically pulled from PayPal accounts.
Im using a prepaid gift card, and Im getting a declined message.
You may also get an error message if your prepaid card was not issued in the U.S. or if you are trying to buy from an international merchant.
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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.
How Do I Exchange A Gift Card For A Paypal Balance
Interestingly, you can exchange your gift card for a PayPal balance. If you receive a card that you do not need, you cannot just let it lie there, and you need to convert it to money for other uses. You can recycle unwanted cards for cash in your PayPal balance via CardCash. Follow the following steps to carry out the process.
- Visit CardCash.
- Fill in the merchants name and the amount of money on your gift card.
- Click GET OFFER and wait to see if there is any offer available for the card. A display will show the amount of PayPal balance you can exchange with the gift card.
- Agree or reject the offer. If you agree to the request, click Continue.
- Input your gift card number and PIN
- Sign in to your PayPal account and fill in the required fields.
- .
The funds will reflect in your PayPal account within one working day after completing the process. You can then use the balance for online purchases or transfer it to your bank account.
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Sell Your Visa Gift Card Through An App
Another option is to sell your Visa gift card on various apps that will buy it from you in order to resell it.
While this can be a quick way to convert your Visa gift cards to cash, the fees are really steep so this should probably only be your last option if the others arent possible for some reason.
For example, Raise has an app that does this for both iOS and Android, although theyll take 15% commission for doing this. Ouch.
A similar one is Prepaid2Cash, another site that has an app for iOS and Android in order to trade in your Visa gift cards for cash. This one works slightly differently, in that:
- First you tell them the brand of the gift card
- They then send you an offer through the app for the card
- You have no obligation to accept this offer but once you do, theyll deposit it into your account in up to five business days
This means that the fees they charge are incorporated into the offer, so its not entirely transparent. They state, however, that the offer will be up to 92% of the card balance, meaning the fees are at least 8%.
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How Do Gift Cards Work
You can use a gift card at a store just like you can use a debit or credit card. You only need to swipe over the POS machine or use it with the traditional credit card terminals, and you are good to go. You will deduct the amount you spend from your overall balance to pay for purchasing a good or service.
Gift cards are specifically for buying goods and services, and it can be challenging to use them to transfer money, unlike debit and prepaid cards that you can transfer money from one card to another. Once the card balance is over, the card becomes useless, and you can destroy it.
Some gift cards are reloadable, and you can use them over and over again. Generally, the process below is helpful when redeeming a gift card. Have a look.
- You present the gift card for payment of goods or services.
- Merchant chooses a program on a terminal or POS system.
- Next, the merchant inputs the clerk ID and swipes the gift card through the terminal.
- After that, the merchant keys in the amount to redeem your card.
- The terminal processes the transaction and subtracts the amount from the cardâs balance.
- With the help of a printer, the cashier prints you a receipt to show the customer the balance.
- The cashier hands the card back to the customer, and the transaction is complete.
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Do Visa Gift Cards Work On Cash App
Cash App does not allow VISA gift cards as a payment option since Cash App does not accept Prepaid and Gift cards. Gift Card Credit can only be used to purchase items online it cant be used in the Cash App directly but can be transferred indirectly.
When you try to add your gift card to your account, a message will pop up displaying that prepaid cards are not supported by Cash App and cannot be added as a payment method on Cash App.
So, if you have a $x visa gift card, you can still load the funds from the gift card to your Cash App but in an indirect and multi-step process kinda way.
Visa Gift Card Security
At Gift Card Granny, not only do we make it our mission to save you money, but we understand that your privacy is of the utmost importance.
When you buy a Visa gift card online from our site, rest assured that youll receive the correct gift card with the promised balance through a secure order. We will also protect your personal information during the transaction. This includes any sensitive details and data.
For inquiries about the security of your personal information, contact our customer service team. For more information on why and how we collect and store personal data, please see our privacy policy.
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Pay Yourself With Your Visa Gift Card
In an electronic world, most persons have access to transfer funds electronically. There are numerous electronic money transfer merchants that make this possible.
Electronic money transfer service merchants definitely allow syncing of Visa cards. For a small fee, you can turn Visa gift cards into cash by simply paying yourself with their services.
Business owners or persons with side hustles would be especially able to capitalize on this as they would have previously established electronic payment services.
If you are a person that receives a lot of gift cards and would like to turn Visa gift cards into cash, it may be worthwhile to take a look at one of these electronic money transfer services.
If you dont have a routine service set up, you can simply utilize an electronic money transfer company temporarily to transfer money from your Visa gift card to your bank account.
Can You Get Money From Selling Your Gift Cards
Absolutely. You can totally get money from selling your gift cards. The cool thing about selling stuff online is that you can always find a platform to sell items quickly.
This post shares some of the best ways and places to sell gift cards. Some of my favorites mentioned in this post are Gift Card Granny and Gift Cash. You can check out some of those sites to see if those are a good fit for you to sell your unwanted gift cards.
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Go To A Gift Card Exchange Kiosk To Trade It In
One super easy way to convert Visa gift cards to cash is to find a Gift Card Exchange Kiosk. Theyre usually yellow and you can often find them in shopping malls and supermarkets.
All you have to do is enter your gift cards information into the kiosk, which will include things like the set of numbers on the front of the card.
Youll then be presented with a range of offers for you to decide which one you want. Once youve made your selection, youll be issued a voucher to take to the cashier to get your money.
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