Are you the lucky recipient of a Visa gift card by gift or by winning a sweepstakes prize, but find yourself struggling to use it? Perhaps you’ve tried to make purchases online or in-store, only to find out that the card has insufficient funds or can’t be used in that particular location. Or maybe you’re simply in need of cash and would like to convert your Visa gift card into cash. Whatever your reason may be, don’t worry – you’re not alone. Let’s explore the options available to you for getting a cash-off Visa gift card, so you can use your funds however you please.
13 Ways to Cash-off Visa Gift Card
1. PayPal Wallet
The most convenient way of converting Visa gift cards to cash is by adding them to your PayPal wallet. We mostly associate PayPal as the platform for making secure online purchases. You can add your Visa gift cards to your PayPal wallet balance and use them for purchasing essential items from any merchant accepting PayPal. You can also send the money to your linked debit account or remit it to any friend or family. For adding a Visa gift card balance to your PayPal account, you need to follow the steps listed below:
- Log onto your PayPal account and click the “Wallet” tab on the menu bar.
- Now click the “Link a card” option to enter your gift card information.
- Finally, click on “Link card.”
2. ATM
If you are searching for a fast way of converting your Visa gift card to cash, then you can visit an ATM. On visiting an accredited ATM, simply deposit the card into the machine for making a cash transaction. Although fees will be charged when you deposit the Visa gift card with a bank, you can walk away with cash that might be used anywhere without any waiting time.
3. Venmo wallet
Users can convert their Visa gift cards to cash with Venmo which charges little to no fees. You will simply have to add the card to your Venmo account to begin transferring the funds to your linked bank account. The money will get credited to your bank in 1-3 days. You need to follow these steps to set up the transfer:
- Launch the Venmo app on your device and select “Settings” from the menu bar.
- Now click on “Payment Methods” before tapping the “Add a Bank or Card” option.
- Finally, enter your card information and select “add Card to your account.” Now you will be able to pay bills using the Visa gift card balance.
4. Pay bills
Paying bills with your Visa gift card is one of the best and most straightforward ways to cash off the card. Most bills, such as utilities, internet, and phone bills, accept Visa cards as payment. By using your gift card to pay bills, you can effectively turn it into cash and avoid any fees or restrictions that may come with other cash-out options. Additionally, paying bills with your gift card can help you stay on top of your monthly expenses and avoid late fees or missed payments.
5. Buy a money order
Places like Walmart and Western Union allow customers to buy money orders using their Visa gift cards. These money orders are treated similarly to cheques and can be deposited later on into your savings or chequing account. The back of the money order shall have to be endorsed and you will have to show a valid ID proof for depositing the money order with a teller.
6. Sell it using an app
You can seek out the help of online apps for unloading your gift cards. A popular choice is Prepaid2Cash which can offer 92% value of the gift cards. CardCash is another website that can transform MasterCard and Visa gift cards into cash. It also accepts cards from leading merchants such as Nike, Best Buy, and Target, to name a few.
Popular selling apps that you can use to sell your Visa gift card.
- Cardpool
- Raise
- Gift Card Granny
- Gift Card Spread
- Card Kangaroo
7. Sell it to others
You can also sell your Visa gift cards to your family or close friends if they are planning on making upcoming purchases. They will usually buy off your card for its entire value. You can also look at other options such as Craigslist, Facebook Marketplace, and local Facebook groups of your locality.
8. Invest the money
You can link your Visa gift card to a brokerage account for investing the money. With $100, you can purchase a few bonds, stocks, or funds. On wise investment, your original sum can reach a greater figure over time. If you don’t need money immediately and are okay with investing it for long-term use, then this will serve as a viable option.
9. Regift them
You won’t get any cash by gifting them to others but you can save on cash outflow which you would have incurred had you not presented them with these gift cards. These gift cards can be regifted to family members, co-workers, or friends having an upcoming special event.
10. Sell it at a GiftCardBin partner location
GiftCardBin has more than 600 partner locations spread across the US and focuses on buying unwanted gift cards. You just need to log onto their website and type in your city, state, or zip code for finding the nearest GiftCardBin location. The pay-outs range between 60-70% depending on the merchant, card amount, and other factors.
11. Buy & Flip products
Buying and reselling items for profit can serve as a popular side hustle. You can try this out for a limited time to make some extra money. Simply buy a low-cost item online using your Visa gift card and sell them on websites like Amazon and eBay for a few bucks. This approach is time-consuming but you can make more than your original amount by playing your cards right.
12. Convert it to miles
If you have an upcoming trip or are a frequent traveler, then you can turn your unwanted gift cards into United Mileage Plus miles. You can buy different types of gift cards using your Visa gift cards and trade them in for miles. Currently Mileage Plus accepts gift cards from retailers like Walmart, Target, Starbucks, American Eagle, Pottery Barn, Best Buy, and many more.
13. Sell them at a pawn shop
While a pawn shop can help you get some quick cash, the payout is pretty low. This is why a pawn shop sell-out should be reserved for items where you won’t be able to apply the above-mentioned alternatives.
FAQs:
Can I cash off the gift cards at exchange kiosks?
The yellow gift card exchange kiosks are no longer available. However, you can use the green gift card exchange kiosks for trading in your coins for bitcoins, e-gift cards, and more.
Can you exchange a Visa gift card at Walmart?
No, Walmart doesn’t allow Visa gift card exchanges.
Can I pay my credit card debt using a Visa gift card?
If you are trying to pay down credit card debt, then you can use a Visa gift card. Once you link your prepaid Visa card to your credit card, you can pay off your dues using the remaining balance.
Conclusion
Visa gift cards offer a high level of flexibility in terms of where and how they can be used. Nonetheless, you might feel a stringent requirement for cash in hand. You might not like the idea of tagging around multiple gift cards in your wallet and rather prefer a greater balance in your chequing account. In such cases, you can select from the above list of suggestions to get quick cash or other utility options.
