How To Put Money From One Gift Card To Another
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Receiving gift cards is great but making sure you're really able to use the residuum is the best function of all. That's why knowing how to convert Visa gift cards to cash tin be a great way to make certain that you use what's on the carte du jour – with the added flexibility of being able to spend the balance anywhere!
Perhaps you were given the card as a souvenir or you lot bought information technology equally part of a promotion. The latter is pretty common, as you'll often discover stores that offer discounts or bonus deals if you buy Visa gift cards from them. This can, in plough, salvage you a good amount on the actual value stored on the card.
You lot could fifty-fifty have gotten it past having earned information technology yourself! Sites like Swagbucks offer this from time to time, by letting you earn Visa souvenir cards for free by watching videos, playing games and searching the internet.
Want to get some actress cash with a free $5 Visa gift bill of fare?
Merely sign up for Swagbucks hither and you'll go a free $5 welcome bonus, which you can then catechumen into a Visa gift card (or a Paypal card, an Amazon souvenir card and more!)
Just now that you've got the bill of fare, you may exist struggling to effigy out what to exercise with it. Or you could just prefer to have directly upwards cash to be able to use how you want.
Whatever your reason, information technology'southward actually not hard at all to get cash from a gift card – and can be a practiced thing to do if you desire to utilize the cash for something that doesn't involve ownership something, similar to pay off your credit card bill this month!
Did you lot know that there are plenty of ways to earn complimentary Visa gift cards with your phone?
If you're looking for some extra free cash, here are our top picks for the best money-making apps that let y'all to cash out your earnings every bit Visa gift cards – or even directly to your PayPal business relationship!
- Swagbucks(includes agratis $5 welcome bonus) – great for making money by playing games, watching videos and more
- Ibotta(includes amassive costless $xx welcome bonus) – our favorite cashback app to get money dorsum on things you'd be buying anyway, like groceries
- MyPoints (includes afree $5 welcome bonus) – an app with a huge range of coin making opportunities
- SurveyJunkie – our pick for the highest paying survey app, including options forearning $150 per hr with focus groups
How to catechumen Visa gift cards to cash
There are a bunch of different ways to get your Visa gift card balance converted to greenbacks. In a few cases, they'll let you end up with actual cash in your manus, while others will let you care for the card every bit if it were cash based on how you employ it.
At that place are a few ways though that involve a transfer of the Visa gift carte to your depository financial institution business relationship. From at that place, you'll then exist able to withdraw the money as cash.
Whichever option you choose though to become greenbacks from your Visa souvenir menu, the consequence is the same. Then it only becomes a question of which ane is easier (and cheaper!) for y'all.
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1. Apply your Visa souvenir carte du jour to buy other merchants' gift cards
If at that place'due south a particular store you shop at that doesn't accept your Visa souvenir card for purchases, you tin use this card to buy a gift card from the shop where you lot want to buy something.
And if you look online, yous can sometimes notice these for sale for up to 20% off – meaning you're getting 20% of the Visa souvenir card balance for free.
This could include stores like Amazon, Walmart or even Starbucks if you were planning to convert your Visa gift cards to cash just to get a caffeine hit.
(And you can double up on the benefits by using these Amazon gift card deals to get y'all free Amazon credit.)
Alternatively, you lot could earn gift cards to all these stores and dozens more just by signing up for an app similar Swagbucks. It's basically like earning gratuitous coffees from procrastinating on your phone!
Swagbucks
Free sign-upward bonus: $five
A corking app for making extra money, including withcash back from online shopping, watching videos, playing games and more.
And giveninformation technology'southward paid out over $550 million through Amazon, Paypal and other gift cards, it's 100% legit.
2. Add it to your PayPal wallet
Another mode to catechumen Visa gift cards to cash is with PayPal. That is, PayPal lets you add together prepaid cards, including Visa souvenir cards, to your PayPal wallet. What this means is that you're and then able to care for the balance like cash, by using information technology to purchase things from any merchant that accepts PayPal – which is most major ones, these days.
By doing this, y'all also take the selection to transfer money from the gift menu to a bank business relationship that's linked to your PayPal account or sending the money on your gift card to other PayPal users. Simply go along an eye on the fees if yous do this, every bit sometimes when you lot transfer a gift card rest to a bank account using this method, you lot may be charged upwardly to 3% of what you're transferring.
(It'south worth noting that a far easier way to earn coin to put towards your PayPal account is to sign up for a gratis greenbacks back app like Ibotta. You tin can greenbacks out your earnings – including the $twenty bonus y'all'll receive just for signing up – on a PayPal souvenir menu, which is basically like receiving cash.)
Ibotta
Free sign-up bonus: $20
Ibotta is a completely gratuitous app that gives you cash back on what you're ownership already – groceries, medicine, wearing apparel and more.
In fact, users make $150 per year on average – not including your free $xx welcome bonus – with over $682 million having been paid out, and so you know Ibotta is definitely legit.
How can I get money off of a souvenir card through PayPal?
To go coin off a Visa gift card to a PayPal business relationship, but do the post-obit:
- Log in to your PayPal business relationship.
- Select the "Wallet" option at the top of the page
- There should be an pick on the left to "Link a card or bank". You'll be able to notice this under any existing cards or banks you lot accept linked. Click this and continue through the prompts.
- When yous go to the point where PayPal asks y'all for the relevant data, add your Visa gift card details. Then click "Link Carte du jour".
In that location'south a chance that you may get an error when trying to do this. If that happens to you lot, y'all may have to offset register the carte with the issuer then an address is linked to the Visa gift card. After that, PayPal should have no problem accepting it.
3. Add information technology to your Venmo account
Similar to PayPal, you can catechumen your Visa gift carte to cash via Venmo by putting your gift bill of fare balance on your Venmo account. And this is really a better option than PayPal if yous were planning to transfer the money to your ain account as cold, hard greenbacks.
This is because Venmo doesn't charge any fee to transfer money from your Venmo business relationship to your bank account, unless you select the Instant Transfer choice. Otherwise, the coin should get in in your account within one to three business days.
To do this, go into the Venmo app and find the selection that lets you add souvenir cards. In that location's a run a risk that yous'll get a alarm message here for fraud prevention, so either try over again or requite Venmo customer service a call at their helpline to encounter if they tin can clear upward the result.
4. Pay your bills with your Visa souvenir menu
Using your souvenir card to pay a nib is exactly the aforementioned as converting your Visa souvenir cards to cash – although y'all'll never really get to come across the money.
Simply remember that because the Visa souvenir carte is treated the aforementioned as a credit card, y'all'll also incur any credit card fees, and then make sure you do the math to confirm that it'due south worth information technology.
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Y'all'll also bring together our mailing list to go updates on how to make and save money – unsubscribe at any time at the stop of each electronic mail.
How exercise yous liquidate a Visa gift card by paying bills?
You can use a Visa gift carte du jour to pay bills with whatever billing provider that accepts Visa credit cards for neb payments. This is considering Visa souvenir cards are treated exactly the same when it comes to making this payment.
Not every single company will let you to become cash from a Visa souvenir carte using this strategy, but you'll almost certainly be able to use your carte in this way for things like topping upwards your phone credit, ownership groceries and gas or renewing your subscription at the local yoga studio.
5. Go to a Gift Card Exchange Kiosk to trade information technology in
Ane super easy way to convert Visa souvenir cards to cash is to detect a Gift Card Exchange Kiosk. They're normally yellow and yous can frequently find them in shopping malls and supermarkets.
All you have to exercise is enter your souvenir card's information into the kiosk, which will include things like the set of numbers on the front end of the card.
Y'all'll then be presented with a range of offers for you to decide which one you want. Once y'all've made your choice, you'll be issued a voucher to take to the cashier to go your coin – making it one of the ways that will actually see y'all become cash from your Visa gift bill of fare in your hand.
Related: Coinstar Gift Card Exchange: A Mode To Get Quick Cash?
6. Sell your Visa gift bill of fare through an app
Another option is to sell your Visa gift card on various apps that will buy information technology from y'all in order to resell it.
While this tin be a quick way to convert your Visa gift cards to greenbacks, the fees are really steep so this should probably simply be your final option if the others aren't possible for some reason.
For example, Raise has an app that does this for both iOS and Android, although they'll take xv% commission for doing this. Ouch.
A similar one is Prepaid2Cash, another site that has an app for iOS and Android in lodge to merchandise in your Visa gift cards for cash. This one works slightly differently, in that:
- First you lot tell them the brand of the souvenir card (in this case: Visa)
- They then send you an offer through the app for the card
- You accept no obligation to accept this offer but in one case you lot practise, they'll deposit it into your account in up to 5 business concern days
This means that the fees they charge are incorporated into the offering, and so it's not entirely transparent. They state, however, that the offer will be up to 92% of the card balance, significant the fees are at to the lowest degree viii%.
7. Convert your Visa gift menu to greenbacks past selling it to a website
In that location are enough of websites that will pay greenbacks for your Visa gift card. In improver to the ones mentioned above that accept apps for this, there are as well others like Gift Card Granny, CardCash and more.
If your gift bill of fare is digital, then the process tin can be instantaneous. Just fifty-fifty if yous have a physical menu, some of these sites will pay for your postage to send them the card, then you won't end upward losing whatsoever coin on that forepart.
Similar with the apps, the sites will take a fee based on a pct of the rest of the card, so brand sure you know just how much this is before agreeing to the sale.
As well, information technology tin can exist a good thought to do some searches for the site y'all're because using, just to become the well-nigh up to engagement reviews on whether other people have had a good experience with them. You don't want to go through all the hassle of learning how to turn Visa gift cards into cash with your site of choice and so find out it'due south all for nada.
viii. 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 tin be i of the quickest ways to admission that balance, just keep in mind that y'all're probably going to have to accept less money than the remainder on the carte du jour to make it worth the other person's while to buy information technology from you lot.
That is, almost people volition just pay a portion of the balance when they're ownership a gift card from someone else. This is considering they know that it's user-friendly for you to offload the card like this and there'southward also a small element of risk on their part.
Sites like eBay or Craigslist volition work perfectly for these kinds of arrangements. Brand sure you go along in mind shipping costs if y'all're selling a physical card – and, equally always on these kinds of sites, keep an eye out for any scams. If something sounds also practiced to be true, it probably is.
ix. Use it to buy a money society
Stores like Walmart equally well as certain grocery stores will let you buy money orders using your Visa gift card. That said, the availability of this can vary, so cheque if this is an option in your expanse.
But in one case you've done this, the money social club tin can then be deposited into your bank account to be used as straight upwards greenbacks.
One thing you should keep in mind, however, is that some banks have had a habit of shutting downwardly accounts if also many coin orders are deposited. As such if you lot practise choose to exercise this, perhaps combine information technology with some of the other options on this list.
10. Give them out as gifts
One mode to convert Visa gift cards to cash is to use them like cash. We mentioned things like using them to pay bills, but you can also give them as a nowadays.
This tin can be a neat alternative to giving someone, say, money in a carte or a shop-specific gift voucher.
xi. Turn your Visa souvenir cards to cash by ownership and reselling items
This may accept a few extra steps to do but information technology may be the just other selection on this list that lets you lot make money from converting your Visa gift cards to cash (in addition to buying merchants' souvenir cards).
As mentioned, near stores care for Visa gift cards similar credit cards. This means that you tin generally use them to purchase items at almost any store, then keep an eye out for things that are either heavily reduced or in loftier demand.
In both cases, there's a skillful chance you may exist able to resell the item at a higher cost than what you paid. This, in turn, will allow you – somewhen – get cash from your gift card.
Tin can y'all turn a Visa souvenir card into cash in hand?
In that location are ways to turn a Visa souvenir carte du jour into greenbacks in hand, although these tend to be limited to those options when y'all're trading your card in in-person, such as when selling information technology to someone or converting a Gift Carte du jour Kiosk voucher into money.
Still, having the coin added to your PayPal or depository financial institution business relationship is as close to cash in manus as you can get. Simply add the extra pace of going to withdraw it and you're on your way.
Can you put a Visa gift card in your banking company business relationship?
You can eolith a souvenir card to your bank account, although not direct. Visa gift cards are treated similar Visa credit cards, meaning the rest isn't transferable to an business relationship.
Still, as shown above, in that location are some roundabout means to achieve this. For instance, there are several options to transfer money from a souvenir card to your bank account via PayPal. All you do is follow the steps outlined above for getting the balance into your PayPal business relationship and, from in that location, transfer that money to your depository financial institution account.
Go along reading to find out which specific options are available for this, if you'd adopt the money end up in your account rather than converting your Visa souvenir card to cash in hand.
How to transfer a Visa gift card to a bank account?
Yous can transfer coin from a prepaid card to your bank account indirectly past trying some of the post-obit options, which we become into more detail almost higher up:
- Add the card to your PayPal or Venmo account and transfer the remainder to your ain account
- Get coin for a voucher issued past a Gift Bill of fare Commutation Kiosk and and then eolith it into your account
- Choose an app or website to sell your souvenir card to that pays you through straight deposit, letting you then use the selling price as a mode to transfer the Visa gift card to your bank account
- Use the card to buy a money gild, with the value of this so placed in your account
Tin can you withdraw greenbacks from a prepaid Visa?
You tin withdraw cash from a prepaid Visa, with the carte du jour existence treated the same way as any Visa debit bill of fare. This ways that you tin can use the prepaid Visa to brand purchases online or in-person, make nib payments and withdraw greenbacks.
Merely keep in listen that a prepaid Visa is different from a Visa gift card, with the latter existence more than restricted in terms of how you use them. While a Visa gift carte du jour tin be used the same way as a prepaid Visa when information technology comes to making purchases, information technology's unremarkably isn't possible to utilise a Visa souvenir card for ATM withdrawal or as cash back in a store.
Can you transfer money from a souvenir card to a debit bill of fare?
While you tin't straight transfer money from a gift card to a debit card, there are ways to attain this with a few actress steps. For example, if you add together your Visa souvenir carte to your PayPal wallet and and then transfer that money to your own business relationship, yous'll have access to that cash via your debit card.
Similarly, by selling the carte du jour through an app or a website, the company that buys it from you volition either transfer the money that yous make to your bank business relationship or may send you a cheque. Either mode, the money will and so be in your account and ready to be used past your debit carte.
This means that while it's non strictly the case that y'all can transfer money from a souvenir card to a debit card, the workarounds are super straightforward to exercise.
How to get cash from a Vanilla Visa gift menu?
While you can't get greenbacks from a Vanilla Visa gift bill of fare directly, y'all have options like selling the gift card either online or in person or having the money transferred to your PayPal account. Yous volition and then receive money in exchange for the gift card.
That is, much like the other cards in this article, you can't transfer coin or withdraw coin from your Vanilla Visa gift menu. However, in that location are several workarounds available.
In fact, the process of how to get cash from a Vanilla Visa souvenir menu is the same as how to convert any Visa gift card to greenbacks, allowing you to employ the residuum in exactly the same way equally cash. Check out some of the options before in this commodity to see which 1 may work all-time for you lot.
Tin can you use a Visa gift carte du jour at an ATM?
Visa gift cards cannot generally be used at an ATM as they do not come with a PIN. That is, ATMs only permit y'all to withdraw cash if you lot have a Pin for security reasons. This means that any carte du jour that doesn't come with this will not be able to finish the transaction.
There are, of course, other ways to get cash from your Visa gift card, as yous've probably seen from all the other options in this article. That said, virtually of them crave a couple of actress steps to get to that point.
While they're all pretty uncomplicated, unfortunately none of them are quite equally direct forward as just withdrawing the residuum in cash from an ATM. Don't consider that equally too much of a hurdle though, as those extra steps needed to admission that cash really aren't that difficult to do.
Tin you transfer a Visa gift card to the Cash App?
You can't transfer a Visa gift card to the Cash App as this app doesn't permit souvenir cards to be used as a payment option. Instead, you have to find a way to convert the Visa gift card to cash so add that every bit a residuum to the Cash App.
I'd especially recommend checking out some of the options in this commodity on how to add the money from your Visa souvenir card to your PayPal account. This is because, from at that place, information technology's very easy to add this corporeality to your Cash App business relationship.
Final thoughts on converting Visa gift cards to cash
Visa souvenir cards are pretty flexible in terms of how you lot tin use them. Given that they're accepted anywhere that too takes Visa credit cards, you lot already accept a huge assortment of options on where to spend the balance on your gift menu.
Only it's true that sometimes having cold, hard cash is preferable. It's easier to track as part of your overall liquid net worth, for example, and you're not express in case you programme to use the coin somewhere that a Visa credit card wouldn't work.
In those cases, i of the options on this list will definitely help y'all out. Just keep an eye on the fees to brand sure at that place'due south non a more than affordable option for what you intend to do with the money.
But once y'all've decided how to proceed, in simply a few clicks, that money will be yours!
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Anna is the founder of LogicalDollar and a personal finance expert, having been seen in Forbes, HuffPost, Reader's Assimilate, MSN Money, Yahoo! Finance, CreditCards.com and many more than. She'due south committed to helping others go on the path to financial freedom using the experience gained from turning $60,000 in debt into a thriving investment portfolio. Find out more.
Source: https://logicaldollar.com/visa-gift-cards-to-cash/
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