How to Convert Visa Gift Card to Cash
Whatever the case, here’s how to get cash from Visa gift card…
1. Add a Visa gift card to your PayPal account
Probably the best option for anyone looking to use a prepaid card balance is to add the card to PayPal.
When you add a Visa gift card to your PayPal account, you can use it anywhere that PayPal is accepted. Basically, you pay with the prepaid Visa gift card just like you would with any other debit or credit card during checkout.
Since so many retailers nowadays accept PayPal, this frees up the cash on your card to use at a lot of different places.
By adding your Visa card to your PayPal wallet, you have the option to transfer the money to your own linked bank account. This then allows you to use the cash however you want to – whether you decide to withdraw it from an ATM or put it into savings.
2. Add a Visa gift card to your Amazon account
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 Amazon.com!
Since most of us do shop on Amazon, funding our gift card balance can be such a good idea. It’s basically free money to spend on the platform.
You can use your prepaid Visa gift card to reload your Amazon gift card balance.
Sure, it’s 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.
Let’s 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 you’ve gotten $30 cash freed up in your bank account.
3. Add a Visa gift card to your Venmo account
If you have a Venmo account, then you could convert a Visa gift card to cash by adding that card to your account. It’s like PayPal where you can add your Visa gift card balance to your Venmo account, and then you can transfer it to your bank account. It’s a good way to use your gift card balance.
4. Sell your Visa gift card to a gift card resale site
An easy way to trade your Visa gift card for cash is to sell it to a gift card resale site, like:
And yes, you can even trade your Amazon gift cards to cash!
Now, this option isn’t as good as some of the others, because you won’t get the full value of your gift card. This is because these websites sell discount gift cards. So, for example, if you have a $100 gift card, you may only get $80 for it. Still though, if you’re looking for cash fast, gift card resale sites can be a good option.
5. Use your Visa gift card to buy a money order
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.
Make sure you read my post about the best places to get money order near you (and how much they cost) 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!
6. Sell your Visa gift card on eBay or Craigslist
You can sell your Visa gift card on eBay or Craigslist. This can be a good alternative to selling through Raise or CardCash. What makes eBay and Craigslist good is that you can decide how much you want to sell your gift cards for.
Now, you will likely have to sell the card at a bit of a discount because that’s what people are after when they purchase a secondhand gift card.
7. Give your Visa gift cards as a present to friends and family members
Okay, so during the holidays it seems like we’re having to buy a ton of gifts, right? And if you have a large family or a lot of friends, it can seem like it’s always someone’s birthday that you need to buy a gift for.
That’s why giving a Visa card to someone as a gift can be a good idea. You can use the cash you would have spent on their gift for whatever else you want. It’s not just for birthdays and holidays that you could give Visa cards as a gift either. There are lots of other occasions, like weddings, anniversaries, retirement, etc. where you could give a Visa card as a gift.
8. Use your Visa gift card to pay bills
Bills just seem to keep coming, right? Did you know that some service providers will allow you to use your Visa gift card as a form of payment?
Well, they do!
This means that you could actually use your Visa gift card to pay bills. This leaves the cash you would have usually spent on bills waiting for you to spend like cash in whatever way you want!
Insurance, cable, and other companies that bill you monthly will often accept prepaid Visa cards as a payment method.
Since Visa gift cards are treated the same as Visa credit cards, you can use this method with any billing provider that accepts Visa credit cards. While not every single company will allow this, many will. So do check with your service providers, like your phone company, utility companies, etc. to see if they allow you to use a prepaid Visa card as a payment method.
9. Get cash for your Visa gift card with Prepaid2Cash
Okay, so there’s an app called Prepaid2Cash that you can use to turn prepaid cards into cash. It’s pretty easy to do as well. Basically, using the app, you can scan your prepaid card in seconds, transfer it directly into your bank, and receive the money in as little as 15 minutes. You can get instant or next day cash delivery.
The app can deposit your funds directly into your bank account, debit card, or Bitcoin wallet.
10. Use it to get another gift card
Another option is to use the Visa gift card to buy gift cards for other brands and retailers. Perhaps you want to buy something at a place that doesn’t accept your Visa gift card for purchases? Instead, you can use the Visa card to buy a gift card for a store where you want to purchase something.
Using a Visa gift card to buy another gift card can also be a good idea if you are looking to get more for your money because sometimes you can find gift cards on sale. For example, you could find a gift card for 10% off, which means that you’re getting 10% of your Visa gift card balance for free!
You could get gift cards for stores like Walmart, Amazon, or Starbucks. Then, you can use the gift card, saving you cold hard cash that you can use however you want.
Oh, and you can actually earn gift cards for retailers by using apps like Swagbucks and Ibotta. You can learn more about this in the “Get more cash with these websites and apps” section below.
11. Get cash from your Visa gift cards by buying and reselling stuff
I have a tip for you that’s a little more unorthodox. It does require a few extra steps and a bit more effort than the options above, but it’s still one to consider.
Basically, with this method, you use your Visa gift card to purchase stuff. Since Visa cards are accepted at a lot of retailers, you can use them to purchase everything from gift cards for other retailers to furniture to beauty products.
Then, you resell this stuff on websites like eBay, Craigslist, and OfferUp.
You can not only get back what you originally spent with the gift card in cold hard cash, but you can also get extra cash!
Look out for items that are on sale, discounted, or in the clearance section.
Let’s say you purchase a bag at TJ MAXX that’s worth $100, and it’s discounted to $70. You use your Visa gift card to purchase it and resell the bag for $90.
The customer still gets a 10% discount since the retail price of the bag was $100, but because you bought it at a discount, you make a $20 profit on the sale. This means that you not only get $70 back in cold hard cash that you can actually spend, which would have otherwise been stuck on a gift card, but you also get an extra $20!
Like I said before, this one does require a little more effort, but you can turn a Visa gift card into cash when you buy and resell items.
12. Use the gift card like a regular Visa card
Visa gift cards are one of the best gift card types out there. This is because they are much more widely accepted than other gift card types. For example, Walmart gift cards can only be used at Walmart, and Xbox gift cards can only be used at the Xbox or Microsoft store.
Visa gift cards can actually be used at any location that accepts Visa debit or credit cards. Since a TON of places accept Visa cards, this means that you could use your gift card at stores, gas stations, restaurants, and plenty of other places.
Why not see if there’s a way to use your gift card to buy something? Then, you can withdraw the cash you saved by using the gift card, or just use it however you want to.
Full text https://moneypantry.com/visa-gift-card-to-cash/