Receiving gift cards is fantastic, but making sure you can actually spend the funds is the best part. Because of this, learning how to convert Visa gift cards for cash can be a smart way to make sure you’re using everything on your card – and to make sure you don’t lose any money.
You may be wondering if there is an easy, quick and easy way to convert Visa gift cards into cash – the answer is yes!
Because there are many ways to make money online, and many of these sites pay out through Visa gift cards, which is the second best option if they don’t offer payment through PayPal.
While it’s still money, it’s definitely not as good as cash. So what if you want to convert a Visa gift card for cash? Well, if you want to get cash from a Visa gift card, you have some realistic options.
Received money back on a Visa gift card
Yes, conveniently there are a few ways you can get cash for your Visa Gift Card and we’re going to go over them today. By now, you probably already know that there are a handful of ways you can get your hands on Visa gift cards, basically for free. You can then convert them to cash using the following methods.
Here are common questions people ask about getting cash from a Visa gift card:
You can get cash on your Visa Gift Card by using it to pay your bills, resell it, purchase a money order with it, and find ways to pay with it yourself. You can also have it paid out via an app called Prepaid2Cash or look for a gift card kiosk near you. The Prepaid2Cash app makes it easier than ever to get cash for your Visa gift cards.
Take it to a gift card exchange kiosk, or sell it online or in your local area through a sales app
or Facebook marketplace.
The Universal Visa Prepaid Card is a prepaid card that allows you to withdraw cash, pay bills or make purchases wherever Visa debit cards are accepted, in person or online.
Venmo allows you to add Visa gift card credit as long as the transfer is not blocked for fraud protection. You can transfer the credit to your account after topping up.
1. Sell your Visa gift card
You may not be able to get the cash back from a Visa Gift Card the traditional way, such as at an ATM or after a purchase. So, you can consider selling them online.
You can sell it on sites like Raise, CardCash, Giftcard Zen, and Cardpool who buy your Visa gift card for cash. If your gift card is virtual, you can get cash for it instantly.
You can also have it paid out via an app called Prepaid2Cash or look for a gift card kiosk near you. The Prepaid2Cash app makes it easier than ever to get cash for your prepaid cards and gift cards.
Download the free app, create an account and you’re good to go! Prepaid2Cash charges a small processing fee and transfers the payment proceeds to your bank account or pays you in cash for your Visa gift card.
Prepaid2Cash charges the lowest fees on the market and you can choose to receive your money the next working day or in 4-5 working days. It is available for both iOS and Android devices.
2. Buying products for resale
Another way to get cash for your Visa gift card and make extra cash is by flipping items like phones or other items.
Check out the best websites for deals and coupons and see if you spot a deal on an item that you can sell for more.
Simply add your Visa gift card to your PayPal wallet and use it to make purchases.
Once you have received the product, you can resell the item for profit or breakeven via apps, eBay, Craigslist or Facebook Marketplace to get your money back.
Selling your product locally can be cash in a few days.
3. Pay your bills with your Visa gift card
Plastiq is the only way to maximize Visa gift cards by allowing you to pay virtually all expenses on them. Pay rent, taxes, and even business supplies to increase your rewards, make payments easier, and use your Visa gift cards in the ways that make the most sense for you.
Pro tip: Register here for Plastiq Referral link and get $ 500 worth of royalty free payments after making your first payment.
In addition to using a company like Plastiq, you can also use it to pay regular bills or do local purchases. It is definitely possible to pay utility bills, in most cases Visa gift cards are accepted by billers who accept regular Visa credit cards. Have a monthly gym membership or an electricity bill to pay? It is likely that they will be using your Visa gift card to make payments.
4. Resell your Visa Gift Card
This is a pretty straightforward way to convert your Visa gift card into cash. You can list your Visa gift card on local sales apps and get instant cash whenever you find an interested local buyer. Keep in mind that if you sell it here, you will likely lose 5% of the face value of your gift certificate as many buyers will make you bad with offers.
However, you can increase your chances of selling by listing them online on classified sites like Craigslist or eBay to liquidate your Visa gift card. While selling on-site will reduce the fees you pay, you will likely get a solid exchange rate by selling it online.
For example, eBay sometimes lets you get the exact value of the Visa gift, but just think about the eBay fees. They are known as sales charges and are a percentage of the total sales price of an item. For most sellers, it’s 10% or less in 2020.
Overall, selling your gift card is a great choice if you want to get rid of it quickly and get cash right away.
5. Buy a money order with it
If you have a PIN, you can go to a retailer like Wal-Mart or any other place that sells money orders, buy a money order, and then deposit the money order into your account. Money orders only cost you a 0.70 cents fee (on average) and you’re done.
This method may no longer work as stores force non-smart cards to use credit instead of debit, even with a PIN. However, not all retailers have this integrated into their cash register system.
6. Get a dealer refund
In my opinion, this is the easiest and best way to get cash for your Visa gift card, but it can be a little unethical. All you have to do is buy something from a retailer with your Visa Gift Card and return it a few days later.
Some stores will process your return and give you cash since you paid by direct debit. This method is also pretty straightforward and doesn’t break any business guidelines. This is possibly the best way to get cash back, including the entire amount, on your Visa Gift Card. The best part is that you can get away with cash!
7. Find ways to pay yourself
I don’t advise against trying this as it is against PayPal’s Terms of Service, but some people have mentioned online that they easily paid themselves for themselves. Do so at your own risk of losing your account.
However, the process is simple, you can get a friend to send you money and let them use the card. The only caveat is that you would lose 3% due to the PayPal fees. I don’t recommend this, but it’s an option.
8. Transfer the balance with Square
You can try using a company called Square to transfer a Visa gift card balance to your bank account. This method allows the entire balance of the gift card to be transferred directly to your account.
However, it may not work for everyone as the company Square has gotten its way and won’t allow it to do so. If you’d like to try this method, here’s an explanation.
9. Use the Cash app to send money to yourself
This option is new and allows you to transfer the entire balance of the Visa Gift Card. However, it may not work for everyone because the app has caught on and doesn’t allow it to do so. But it’s pretty easy to download the free Cash app for iOS or Android first.
Then you can send money to yourself using your Visa Gift Card as a source of funding. To get your money just add your bank account to get your full balance. Just keep in mind that there is a 3% charge when using the Cash app when sending in-person payments from a credit card.
However, this is not that high compared to other options. For example, if you try to cash out a $ 50 gift card, you lose only $ 1.50 in fees.
Pro tip: If you sign up using this link, you will receive $ 5 free to cover the fees. Or check out the latest referral codes for the Cash app.
Converting Visa Gift Cards to Cash
These are the best ways to get cash for your Visa gift card. Hope you found this article useful.
If you want to look for ways to create Visa gift cards, you can try these apps that allow you to pay real money.
Do you know of a way to withdraw cash from a Visa Gift Card that I missed?