Transfer Visa Gift Card to Bank Account and to Cash Using Multiple Ways You may or may not have read about gift cards. It’s still not a problem if you haven’t yet.
Let me come to the main question. Have you tried understanding gift cards ever but couldn’t relate to anything? Relax and stay calm. Don’t laugh at my random changing statements because I will help you in this regard through my article.
Yes, you will get another opportunity to know more precisely about such cards, their facts, various types, and how to transfer Visa gift cards to bank accounts and to cash like Walmart Money Transfer .
Now it’s time to dive into the article.
What Is A Gift Card? The term “Gift Card” refers to a prepaid debit card using which you can buy several items from online merchants, retail stores, and some selected restaurants also. These cards are increasingly being selected by most users because they have the freedom to choose the perfect present that they like the most.
SIGNIFICANT FACTS
Let’s have a look at some significant facts about Gift cards so that you can build a better understanding of them: A set of values ($50) is preloaded onto the card at the time of purchase. Using it, the buyer can spend up to the maximum amount that is mentioned on it.to present a gift to someone, the gift card seems the most convenient option . It could be the best gift to give when you are clueless about what the receiver wants.Gift cards help save your precious money while you are shopping. However, they still are not equal to cards.Expiration dates and fees are often mentioned. Hence, read all the terms and conditions properly before using them.
Different Types of Gift Cards Before you know how to transfer gift card balances to a bank account, you should have a brief knowledge about its different types also. Did you know that a variety of these cards are available in the market?
All of them serve your specific needs. To know about their significant types, start reading the following points:
Store Gift Cards It’s quite obvious from the name itself that these cards are used only at specific standalone or chains of retail stores. Besides, these cards can be used multiple times.
Since this particular card type opens your options to shop at numerous locations, you get the optimum flexibility to shop.
Restaurant Gift Cards Since only a few selected single or long chains of restaurants accept restaurant gift cards, you have to explore the policies of restaurants first if you can use these cards or not.
If acceptable, then you can load these cards in real-time. You should use this specific card if you are a big foodie.
Cinema Gift Cards As the name suggests, these cards are applicable while buying movie tickets or leasing any particular single theater or chain of theaters. Simply put, it’s the best choice for those who are huge fans of cinema.
E-Gift Cards E-gift cards are different from store gift cards in a way that the former is used mainly for online shopping from e-retailers. You can also choose to use them while shopping through e-commerce websites.
So, if you are amongst those who love to shop from the comfort of your place, e-gift cards will serve your purpose.
Travel Gift Cards These cards are best used while booking travel accommodation or air tickets. Using them, you can explore many sites. Its other subtype, “Gas gift cards ” is the ideal option to opt for if you have to travel frequently.
Gas Gift Cards From the above point, you understood that “Gas gift cards” are a subtype of “Travel Gift Cards” . These cards help you buy gas at a few stations.
General Purpose Gift Cards The word “General” in the name implies that the card is usually accessible anywhere. Hence, these cards are considered extremely useful for those who want to use these cards anywhere. However, the only limitation is that you can’t reload it more than once.
Custom Gift Cards You can use these cards to give someone who needs a unique gift truly. Hence, custom cards are meant to honor some great personalities on special occasions.
Virtual Gift Cards The word “Virtual” shows that you can buy this card type in online mode only. You get this card at your email address. You are supposed to apply them at those online retail stores from where you buy any item.
Now, having information about every card type, you can understand and take action regarding what card type to choose that fulfills your needs properly.
How to Transfer Money From a Gift Card to Bank Account? Below explained are some significant methods applying which you can transfer money from a gift card to a bank account:
PayPal Wallet You can transfer your funds from your Visa gift card to your bank account using PayPal Wallet. For this, follow the guide as stated below:
“Sign in” to your PayPal Move upwards till you reach the top and click “Wallet.” You will see an option that says, “Link a card or bank account.” Click it. Enter the following details: Gift Card number Expiry date Security code Click on the “Link Card” option. Click on “Withdraw” and herein choose “Transfer to a bank account” . Hurray, only the last step left is the one where you enter an amount that is to be transferred to your bank account. To end the process successfully, click on “Submit”
Cash App Apart from transferring money from Apple Pay to Cash App
Launch the “Cash App Find the “+” sign and tap on it once you find it. Choose the “Add Bank” option. Provide your bank details and hit on the “Add Bank” option. Tap on the “Balance” tab >> “Cash Out” . Type the amount of money that you have to transfer from the card to your bank account.
Venmo Just like the above two options, Venmo is a website that helps you to transfer your gift card to a bank account. Refer to the below points in this regard:
Visit the Venmo website Sign in after you create an account. Go to: “Payments” >> “Add Payment Method” Choose the “Gift Card” option when you are asked to opt out of a payment method. You are supposed to provide the “amount” that is to be transferred to your bank account. Provide your “PIN” and “gift card number” . Click on “Confirm.” And that’s it to do by your side. You will get your money transferred to your bank account soon.
Square Square is a payment processing service through which users are allowed to receive and send payments via debit and credit cards. Besides, money can also be exchanged via a square payment service.
For the purpose of transferring money from a gift card to your bank account, you have to create a free account on Square. After that, link your debit or card like Sam’s Club Credit card and Wisely Debit Cards then dive into the process, which is as follows:
“Sign in” to your account using your credentials, i.e., email address and password.Go to the following tabs: “Cash” > “Withdraw” Herein, you will be asked to choose a withdrawal method and select “Gift Card” . Provide the required amount and hit on the “Withdraw” button. And it’s done. The system will take 1-2 business days to process your withdrawal.
MoneyGram This particular method is applicable when you have to transfer money to someone else’s bank account instead of yours. If such is the case, then follow the below-mentioned steps:
Launch the official website of MoneyGram Depending upon requirements, enter an amount that will be transferred to your bank account. Now, it’s time to select a payment method. Select “Gift Card” here. Provide the “bank details” of the recipient. “Send the money” to the recipient in the final step. The recipient will receive the money within a few working days. Yay, you have done it.
How to Convert a Visa Gift Card to Cash? Undoubtedly, this option is extremely useful for you as it could solve many complexities while you are dealing with cash transactions.
Let’s understand all the crucial ways implementing which you can convert your Visa gift cards to cash:
Sell Your Visa Gift Card You can merchandise your gift card with a gift card exchange service. This way, you can earn cash at a comparatively higher rate than the face value of the card itself.
Alternatively, they can also be exchanged for another type of card so that you can easily complete the cash transaction using the gift card. For example, exchanging a Visa gift card for a store-specific card is a wonderful idea. You can buy any item and sell it for cash.
Use a Website Visit www.giftcardgranny.com Look for the “Card Balance” field and provide the amount available on your card. Choose the “Visa” option from the drop-down menu when you fill in the “Card Type” . Hit on the “Find Buyers” option. All the websites will appear in your view. Besides, every website will display the amount it is likely to pay for your card. Select the buyer you want to proceed with after going through its instructions properly. After completing the transaction, your Visa gift card will be sold, and hence, your payment will be received thereof.
Use a Selling App You may have a Visa gift card that is of no use to you. However, don’t worry because it can be sold for cash on an app. You will be glad to know that there exist several apps that buy these cards from users for the purpose of reselling them.
Undoubtedly, selling Visa gift cards using an app is a quick and straightforward way, but you have to bear unreasonable expenses. Therefore, it’s suggested to keep this way to be your last resort, i.e., when other alternatives don’t work at all.
Buy a Money Order Using your Visa gift cards to buy money orders is also a decent option to convert the former into cash. Specific places such as banks, post offices, and grocery stores offer you to purchase money orders in exchange for your Visa gift card.
However, you need to check if this option it’s available in your area. If such an option can be practiced in your local areas, you can carry out the offline transaction. Once completed, you will receive your money order in your bank and can use it directly as cash.
Buy Other Merchant’s Gift Cards Converting your gift cards to cash by using them to buy other merchants’ gift cards is also possible. Isn’t it surprising? I know you must be feeling excited about this point. Let’s see how you can avail of this offer:
The best part about this point is that you can get numerous offers online in the form of sales, let’s say, sales up to 20% off, i.e., if you use your Visa gift card, you will avail 20% off.
If you shop too frequently from the leading stores, say, Amazon, the best part is that you can always transfer an Amazon gift card balance
Furthermore: You use your Visa gift card while purchasing merchandise from the merchant. After finishing shopping, you are obliged to return that portion of the card to the merchant that you didn’t use.
Buy Items to Resell The last option is to buy those items using these cards that can be resold for profit in the future. Unquestionably, this option seems the most convenient way to earn some extra money.
All you need to do is find all of those items that have their selling price less than the value of your Visa gift card. Once you buy those items, simply resell them at a relatively higher price.
Conclusion I hope you are satisfied with what you attained through this article. I am sure that by now, you have built a decent understanding of gift cards, their different types, and how to transfer a Visa gift card to a bank account and to cash as well.
Transferring the card balance to your bank account shouldn’t be a complex task for you now. Don’t wait and start implementing what I explained through this write-up, and you will get your way.
Thank you for staying till the end and making this reading a successful one.
FAQs Ans: Yes, it’s surely possible. You can either use a card payment processing service or work with the customer support of the company which issued the card. However, you have to pay some fees to process this transaction which may vary accordingly.
Ans: Yes, you can convert it to those places in the USA where PayPal is acceptable. However, conversion to PayPal is not applicable to some merchant-specific gift cards which don’t have the Visa logo on them.
Ans: Yes, it’s possible. Simply link your gift card to Venmo, Cash App, or PayPal and transfer the required amount to your debit card. Though you may have to pay a fee to get this process completed, shifting the balance from a gift to a debit card is absolutely useful.
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