Converting your gift vouchers to money can be an incredible method to ensure that you’re ready to use whatever balance you have on the card. Also, the option available on this list has to be completely secure and easy to do. Maybe you were given the card as a gift or you got it as a part of a promotion. The last is normal, as you’ll frequently discover stores that offer limits or bonus deals if you purchase gift vouchers from them. This can, thus, save you a good amount on the actual value stored on the card.
You could even have gotten it by having earned it somehow. Sites like Swagbucks offer this from time to time, by allowing you to acquire gift vouchers for free by watching videos, messing around, and suffering on the internet. However, since you have the card, you might be looking to sort out how to manage it. Or you could simply like to have direct money to be able to use how you need.
Whatever your explanation, it’s not hard at all to get money from a gift voucher – and can be something to be thankful for if you like to use the money for something that doesn’t include purchasing something.
For instance, working toward your financial plan, such as using a gift card to pay your debt, is typically a lot simpler to do using cash.
Can you be able to transform a gift card voucher into money?
A portion of this option is superior to others at converting gift cards into cash in hand. Indeed, this will truly possibly be the result when you’re exchanging your card face to face, for example, when offering it to somebody or changing over a Gift Card Kiosk voucher into cash.
However, having the cash added to your PayPal or bank account is as near money close by as you can get. Simply add the extra step of going to withdraw it and you’re on your way.
Is It Possible transfer a gift card money to a bank account ?
You can store a gift voucher in your bank account, although not directly. Gift cards are treated like Visa credit cards, meaning the balance isn’t transferable to an account. However, You can transfer money from a prepaid gift card to your bank account in a roundabout way by trying some of this option, which we expound on below:
- Add the card to your PayPal or Venmo account and transfer the balance to your account
- Get cash for a voucher gave by a Gift Card Exchange Kiosk and afterward keep it into your record
- Pick an application or site to sell your gift card to that pays you through the direct store, allowing you at that point to use the offering cost as an approach to transfer the gift card to your account
- Use the gift card to buy a money order, with the value of this then placed in your account.
Multiple Ways to Convert Gift Card Balance into Money
There are a lot of various ways to get your gift voucher balance converted into cash. In a couple of cases, they’ll let you end up with real money in your grasp, while others will allow you to regard the card as though it were money as far as how you use it.
There are a couple of ways which help us to transfer gift card money into your bank account. From that point, you’ll at that point have the option to pull out the cash as money.
It implies that, for each situation, the result is equal. Now you have to understand which one do you think is the easiest – and which one winds up with you paying the most minimal expenses so you can save as much of the balance as you can.
1. Use your Visa gift card to buy other merchants’ gift cards
If there’s a specific store you shop at that doesn’t accept your gift voucher for purchase, you can utilize this card to purchase a gift voucher from the store where you need to purchase something.
Furthermore, If you look on the internet, you can discover these available to be purchased for up to 20% off – which means you’re getting 20% of the gift card balance for free.
This could incorporate stores like Amazon, Walmart, or even Starbucks if you were wanting to convert your gift card to money just to get a caffeine hit.
Then again, you could earn gift cards to every one of these stores and handfuls all the more by using an application like Swagbucks. It’s similar to acquiring free coffee from procrastinating on your phone!
2. Add it to your PayPal wallet
PayPal allows you to add prepaid cards, including gift cards, to your PayPal wallet. This means you’re then able to treat the balance like cash, by using it to buy things from any dealer that accepts PayPal – which is the most major one, nowadays.
By doing this, you also have the option of transfer the cash to your own linked bank account or send the money on your gift card to other PayPal users. Simply watch out for the expenses if you do this, which can compare to up to 3% of what you’re transferring.
To get cash from a gift card to PayPal accounts, Just follow this step:
- Sign in to your PayPal account.
- Select the “Wallet” option at the top of the page
- There ought to be an option on the left to “Linked a card or bank”. You’ll have the option to locate this under any current cards or banks you have connected. Snap this and proceed through the prompts.
- When you arrive at where PayPal asks you for the relevant information, add your gift card details. Then click “Connect Card”.
Quite possible you may get an error when attempting to do this. If that happens to you, you may need to first register the card with the issuer so an address is connected to the gift card. From that point onward, PayPal ought to have no issue tolerating it.
3. Add it to your Venmo Account
Like PayPal, you can put your gift card balance on your Venmo account. Also, this is a preferred choice over PayPal if you were wanting to transfer the cash to your account as cool, hard money.
This is because that Venmo doesn’t charge any extra charge to move a balance from your Venmo account to your account, except if you select the Instant Transfer option. Something else, the cash ought to show up in your account within one to three business days.
To do this, go into the Venmo application and search for the option that allows you to add a gift card. Quite possibly you’ll get a warning message here for fraud prevention, so either attempt again or call Venmo customer care at their helpline to check whether they can clear up the issue.
4. Pay your bill
Using your gift card to pay a bill is equivalent to converting your gift card to cash – although you’ll never really get to see the money.
Simply remember that because the gift card is treated the same as a credit card, you’ll also cause any credit card fee, so ensure you do the math to confirm that it’s worth it.
5. Gift Card Exchange: Kiosk
One simple approach to convert your gift card into money is to discover a Gift Card Exchange Kiosk. They’re typically yellow and you can regularly discover them in shopping centers and stores.
You should simply enter your gift card data into the booth, which will incorporate things like the arrangement of numbers on the facade of the card.
You’ll at that point be given a scope of offers for you to choose which one you need. Whenever you’ve made your determination, you’ll be given a voucher to take to the clerk to get your cash.
6. Sell your gift card through an App
Another option is to sell your gift card on different applications that will buy it from you to resell it. While this can be a snappy method to convert your gift card into cash, the fee is truly steep so this should possibly be your last option if the others aren’t feasible for reasons unknown.
For example, Raise has an application that does this for the two iOS and Android, although they’ll take 15% commission for doing this.
A comparative one is Prepaid2Cash, another site that has an application for iOS and Android to exchange your gift card vouchers for money. This one works somewhat in an unexpected way, in that:
- First, you reveal to them the brand of the gift voucher (for this situation: Visa)
- Then they send you a proposal through the application for the card
- You do not commit to accepting this offer except for once you do, they’ll store it into your account in up to five business days
This implies that the fee they charge is fused into the offer, so it’s not straightforward. They state, in any case, that the offer will be up to 92% of the card balance, which means the charges are at any rate 8%.
Also Learn from Related Articles:
- How to Transfer Money from Prepaid Card to Bank Account
- Transfer Money From Checking Account To Prepaid Card Online
- Easy Way To Transferring Money Internationally Between Banks
FAQs (Frequently Asked Questions)
How to get money from a Vanilla Gift card?
The answer to the question of how to get money from a Vanilla gift card is equivalent to how to convert the gift card to money: using one of the techniques referenced in this article. That is, while you can’t get money from a Vanilla gift card directly, nor would you be able to transfer money or withdraw money from your Vanilla gift card, there are a few workarounds that have a similar result.
Would you be able to withdraw money from a prepaid Visa?
This is usually impossible. While prepaid cards can be used to withdraw money from a prepaid Visa using an ATM or as money back in a store, this option, by and large, isn’t accessible with a gift card.
Would I be able to sell a gift card to others?
- You can sell gift cards to others, however, you probably must accept less money than the balance on the card to make it worth their time and energy to get it from you.
- Sites like eBay or Craigslist will work perfectly for these types of arrangements. Ensure you remember delivering costs in case you’re selling physical products– and, as always on these types of sites, look out for any tricks. If something sounds unrealistic, it most likely is
Final Word
Gift cards are quite flexible regarding how you can use them. Given that they’re accepted anywhere that also takes credit cards, you already have a gigantic exhibit of options on where to spend the balance on your gift card.
Yet, the facts demonstrate that occasionally having cool, hard money is best. It’s simpler to follow as a component of your general total assets, for instance, and you’re not restricted if you intend to use the cash someplace that a Visa wouldn’t work.
In those cases, one of the options in this list will take care of you. Simply watch out for the expenses to ensure there’s not a more reasonable option for how you expect to manage the cash.
Yet, whenever you’ve concluded how to continue, in a couple of clicks, that cash will be yours!
