Thursday, November 24, 2022

How To Cash In Visa Gift Cards

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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.

Buy An Item And Return It Without A Receipt

Make a purchase at a store using a gift card then return it later without a receipt. Some stores will accept returns on items without a receipt and will give you cash for them. Check the stores return policy before you do this. Some stores may only take returns with a receipt.

Also, this isnt an ideal way to turn a Visa gift card into cash as it can seem scammy in nature. Only do this if you are comfortable. Additionally, stores may credit receiptless returns with a store credit or gift card, which will defeat the purpose of trying to get the cash instead. Do your research on the policies before going through this hassle.

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Check Your Visa Gift Card Balance

Please have your gift card ready when you check the balance.

If you purchased or received a Visa gift card right from Gift Card Granny, visit our Visa balance check page for current balance information.

For Visa gift cards not purchased on Gift Card Granny, you must contact the financial institution responsible for your gift card in order to check the balance Visa is unique in that it doesnt provide gift card balances or transaction information for its gift cards.

Here are the most common issuing banks and providers of Visa gift cards:

See our Visa Gift Card fee schedule.

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How Long Can I Use My Navy Federal Visa Gift Card

The funds on your gift card expire on the date displayed on the front of the card. You can make purchases using your card until the expiration date or the full value of the card is depleted. Cards purchased at our Arizona branches are exempt from expirationeven though they have an expiration date displayed on the front. You may request a replacement card if funds are left on the card after the expiration date.

Use Your Visa Gift Card To Buy A Money Order

Cash out visa gift card

Money orders are like checks, but they are a more trusted payment method because, unlike checks, money orders are pre-paid. This means that they are only issued once a buyer pays for one. Money orders can be used to pay for lots of different things.

Some stores, like Walmart and some grocery stores, allow you to purchase money orders using your Visa gift card.

However, not all places allow this so make sure you call ahead to ask if they allow the use of prepaid Visa cards to purchase money orders.

Make sure you read my post about the best places to get money order near you to learn more.

Once you have used your gift card to purchase a money order, the money order can be deposited into your bank account and be used as cash!

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Can You Turn A Visa Gift Card Into Cash In Hand

There are ways to turn a Visa gift card into cash in hand, although these tend to be limited to those options when youre trading your card in in-person, such as when selling it to someone or converting a Gift Card Kiosk voucher into money.

However, having the money added to your PayPal or bank account is as close to cash in hand as you can get. Simply add the extra step of going to withdraw it and youre on your way.

Sell It On Marketplaces Apps & E

Online marketplaces such as Facebook Marketplace, Craigslist, and Letgo allow you to exchange your Visa gift cards for cash.

This process wont have you paying extra charges on your visa card cash exchange.

You could also consider other e-commerce trader-friendly sites that allow you to sell off your Visa gift cards for cash without paying any fees at all.

Another option you could explore to turn Visa cards into cash is selling through an app.

While some gift cards to cash apps charge steep fees to convert visa gift cards to cash, others will take a fee based on a percentage of the amount on the gift card you wish to convert.

Apps like Raise, available on Android and iOS devices, take up to 15% commission. Although, you can be sure of getting your gift cards converted for cash fast.

If you would love to try using an app for conversion, you can also try the Prepaid2Cash app.

While their commission rates are not as transparent as Raise, this app is significantly cheaper because they offer a 92% cashback on Visa gift cards.

This translates to about 8 percent off as a commission. Another reason I love the Prepaid2Cash app is the numerous offers given to the gift card seller.

You can decide to pick other withdrawal options if you dont want cash for your gift cards.

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Just Stick With The Gift Card

I know I know this method doesnt tell you how to liquidate Visa gift cards to cash but just hear me out

Visa gift cards are as good as cash and most retailers accept them as payment so why not just keep your Visa gift card instead of exchanging it for cash.

As you can see by the previous methods, you will get less in cash than the Visa gift card is worth so it might be better just to keep the Visa gift card than liquidating it.

So, I know its probably not something you want to hear in this post on converting Visa gift cards to cash but its honestly one of the best options to consider to keep the value of the gift card.

Add A Visa Gift Card To Your Amazon Account

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So many of us shop on Amazon, right? In fact, in June 2021, it was reported that Amazon was the most visited eCommerce site with about 2.45 billion monthly visits to!

Thats pretty impressive!

Since most of us do shop on Amazon, funding our gift card balance can be such a good idea. Its basically free money to spend on the platform.

You can use your prepaid Visa gift card to .

Sure, its not cash that you can spend anywhere or withdraw from an ATM. It is, however, money to spend on Amazon, which frees up the money in your bank account that you would have otherwise spent.

Lets say you want to buy something for $30 on Amazon. Instead of using your debit card, you use a Visa gift card to cover the cost. This means youve gotten $30 cash freed up in your bank account.

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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.

Go To The Gift Card Issuers Website

If you dont have access to a phone, no worries. You can also check your card balance through the issuers website.

To find out who issued your gift card, look on the back of the card near the phone number. There should be a URL listed that you can go to and find out your cards balance.

You can also go here for a list of the card issuer websites.

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Sell Your Visa Gift Card To Other People

Another option you could consider is to sell your Visa gift card to other people. While this can be one of the quickest ways to access that balance, just keep in mind that youre probably going to have to accept less money than the balance on the card to make it worth the other persons while to buy it from you.

That is, most people will only pay a portion of the balance when theyre buying a gift card from someone else. This is because they know that its convenient for you to offload the card like this and theres also a small element of risk on their part.

Sites like eBay or Craigslist will work perfectly for these kinds of arrangements. Make sure you keep in mind shipping costs if youre selling a physical card and, as always on these kinds of sites, keep an eye out for any scams. If something sounds too good to be true, it probably is.

How To Set Your Auto

Win $100 Visa Gift Card! in 2021

The auto-reload setting will add funds to your Amazon gift card balance automatically. You can set it under two circumstances:

  • On a scheduled time that you set.
  • Whenever your balance is below an amount you set.

These are the simplest steps to auto-reload your gift card:

  • Go to ‘Auto-reload setting.’
  • Choose a reload type.
  • Input the amount and choose how often you wish to add a balance to your gift card.
  • Choose a payment method.
  • This way, you will feel more comfortable making an online purchase as you always have a sufficient balance.

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    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.

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    Sell Your Gift Card Using An App

    Using an app to convert your gift card to cash is super easy. The downfall is that this method tends to net you fewer dollars due to the higher commissions rates.

    Its not always going to be the most expensive option though. As with every method, its best to check it out for yourself and compare.

    Two popular gift card apps are:

    Youre not locked into selling your gift card to them after getting a quote so theres zero obligation. It never hurts to get a second opinion on your gift cards selling value.

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    Sell Your Visa Card To Other People

    There are always people around you who are willing to buy gift cards cheaply. And through this, you will have evaded the commissions incurred in online exchanges.

    That said, you probably have to accept less than the balance on your card for people to buy your card.

    Additionally, if you are going to sell a physical card to a buyer who is far from your location, keep in mind the shipping cost.

    Start by check out sites like Craigslist or eBay for such arrangements, and ensure due diligence to avoid scammers.

    Add It To Your Paypal Wallet

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    Another way to convert Visa gift cards to cash is with PayPal. That is, PayPal lets you add prepaid cards, including Via gift cards, to your PayPal wallet. What this means is that youre then able to treat the balance like cash, by using it to purchase things from any merchant that accepts PayPal which is most major ones, these days.

    How can I get money off of a gift card through PayPal?

    To get money from a Visa gift card to PayPal accounts, just do the following:

  • Log in to your PayPal account.
  • Select the Wallet option at the top of the page
  • There should be an option on the left to Link a card or bank. Youll be able to find this under any existing cards or banks you have linked. Click this and continue through the prompts.
  • When you get to the point where PayPal asks you for the relevant information, add your Visa gift card details. Then click Link Card.
  • Theres a chance that you may get an error when trying to do this. If that happens to you, you may have to first register the card with the issuer so an address is linked to the Visa gift card. After that, PayPal should have no problem accepting it.

    Also Check: Wells Fargo Gift Card Balance Checker

    Use Gift Card Exchange Kiosks To Get Cash

    Another way you can exchange gift cards for cash is to use gift card exchange kiosks.

    Gift card exchange kiosks are machines that you can find in grocery stores or retail stores that will give you cash for your gift cards.

    All you need to do is insert your gift card in the machine and the machine will tell you how much cash you can get for the gift card and if you accept the offer you will be given a cash voucher.

    You just need to take this voucher to the cashier to redeem your cash!

    However, there are a few downsides to this method

    One big downside is that you will get less in cash than the gift cards are worth due to fees and these fees are pretty hefty, sometimes more than using online services.

    Two other downsides are that these machines are not easy to come by and not all let you exchange gift cards for cash, many just let you swap to a different gift card or store credit.

    So, its not the best method out there to exchange Visa gift cards for cash but its definitely an option to consider if you need cash quickly.

    Add It To Your Paypal Account

    If you have a PayPal account , you can add prepaid cards, including Visa gift cards, to whats known as your PayPal Wallet. When you add the funds from your PayPal prepaid card, you can shop at any retailer that accepts PayPal, or in your case, you can transfer the funds to your bank account and then cash out.

    To send money from your Visa gift card to your PayPal, heres how you can do it:

    • After you log into your PayPal account, look for the Wallet link, which is located at the top of your page
    • When PayPal asks for your credit card details, add your Visa gift card as you would your everyday credit card and click on Link Card

    Keep in mind that this only works for a personal account. If youre using a business account, you will not see the wallet option.

    And, if you do have a personal account and are getting denied, then this means you will have to register your prepaid credit card so that the address on file matches your PayPal one. To do this, you can search for the issuer and type in register to see how to do it. Its not that hard, I promise.

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    Sell Your Gift Card On The Raise Marketplace

    Use Raise to get cash for your gift cards. Raise is an online marketplace designed to buy and sell gift cards. Even if the gift cards are partially used, you can list the card for sale on the platform. Its free to list cards for sale.

    As soon as you sell a card, you can convert that into a transfer to your bank or buy a gift card to a place where you will actually shop.

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