Converting Amazon Gift Cards to Cash: A Step-by-Step Process

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You've got an Amazon gift card burning a hole in your pocket, but you need cash instead. The good news is that you can convert your Amazon gift card to cash, but it's not as straightforward as using it to buy something from Amazon.

To start, you can sell your Amazon gift card on online marketplaces like eBay or Craigslist, with prices varying between 80% and 95% of the card's value.

You can also use services like Raise, which allow you to sell your gift card and receive cash or a bank transfer.

For more insights, see: Card Cash Sell

Converting Amazon Gift Card to Cash

You can't directly deposit an Amazon gift card into your bank account, but there are clever alternatives to transfer the balance into cash. Amazon won't allow a direct deposit, but you can sell your gift card for cash on secure platforms.

There are several websites and marketplaces that allow you to sell your Amazon Gift Card for cash, such as Raise, Cardpool, and Gift Card Granny. However, you may not receive the full value of the gift card.

White gift box with magenta bow, gold-edged card, and pen on a soft pink background.
Credit: pexels.com, White gift box with magenta bow, gold-edged card, and pen on a soft pink background.

To convert your Amazon gift card into cash safely and efficiently, use secure platforms that offer protection, such as PayPal's Goods and Services option. Be cautious of scams and always follow legitimate methods.

You can use your Amazon gift card to buy items and then resell them on other platforms, such as eBay or Craigslist. Alternatively, buy items for someone else who will pay you cash, or use your gift card to buy a prepaid debit card that you can use to withdraw cash from an ATM.

Here are some legitimate methods to convert your Amazon gift card balance to cash:

  1. Sell your Amazon Gift Card to a reseller
  2. Use your Amazon Gift Card to purchase items and then resell them
  3. Buy items for someone else who will pay you cash
  4. Use your Amazon Gift Card to buy a prepaid debit card

Converting a gift card to cash may not always be the best option, as you may end up losing some of the value of the gift card in the process.

Selling Options

You can sell your Amazon gift card on various platforms, including dedicated gift card marketplaces. These platforms offer competitive prices, quick payouts, and multiple payment options.

Close-up Photo of Gift Boxes with Greeting Card
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Some popular dedicated gift card marketplaces include CardCash, Raise, GiftCash, CardSell, and ClipKard. These websites allow you to sell your Amazon gift card for up to 92% of its value, with quick payouts via ACH, PayPal, or check.

You can also sell your Amazon gift card directly on Amazon through their official program, Amazon Gift Card Exchange, or by listing it on Amazon Marketplace. However, these options don't provide cash, but rather exchange the gift card for other Amazon gift cards or credit to your account.

Peer-to-peer platforms like PayPal, Venmo, or Facebook Marketplace can also be used to sell your Amazon gift card. You can list your gift card for sale, offering a small discount to attract buyers quickly.

Selling on Peer-to-Peer Platforms

Selling on peer-to-peer platforms is a straightforward way to convert your Amazon gift card balance to cash. You can choose a platform such as PayPal, Venmo, or Facebook Marketplace to list your gift card for sale.

A beautiful Mother's Day card with floral design next to a pink gift box, perfect for gifting.
Credit: pexels.com, A beautiful Mother's Day card with floral design next to a pink gift box, perfect for gifting.

To get started, be sure to include the balance and other details in your listing. Offering a small discount can help attract buyers quickly. Typically, you might need to sell the gift card for a little less than its face value to get a sale.

Here are some popular peer-to-peer platforms you can use to sell your Amazon gift card:

By listing your gift card on one of these platforms, you can easily sell it to someone who's willing to buy it. Just be sure to follow the platform's guidelines and ensure a smooth transaction.

Pros and Cons

Selling your unwanted items or gift cards can be a great way to make some extra cash.

Converting an Amazon gift card into cash is possible, but it may involve fees or charges for bank transfers.

Selling items on platforms like eBay or Craigslist can be a good option, but be aware that you may have to pay fees for listing and selling items.

Flatlay Photography Of Gift And Baubles
Credit: pexels.com, Flatlay Photography Of Gift And Baubles

The pros of converting an Amazon gift card into cash include utilizing the gift card balance as cash, which can be a convenient option.

Fees for bank transfers can vary depending on the service you use, so be sure to research and compare options before making a decision.

Some people may find that selling items online is a hassle, but for others it can be a quick and easy way to make some extra money.

Converting an Amazon gift card into cash can be a good option if you need the money quickly, but be aware of any potential fees involved.

Conversion Methods

You can convert your Amazon gift card into cash using various methods. One option is to sell it on gift card exchange websites, such as Raise, CardCash, or Gift Card Granny. These sites typically take a small fee, but they're convenient and often provide quick payouts.

To sell your Amazon gift card on these websites, you'll need to enter your card details and see how much they'll offer. You can usually receive payment through PayPal or direct deposit to your bank account.

Two women enjoy reading a card and sharing a gift in a stylish café setting.
Credit: pexels.com, Two women enjoy reading a card and sharing a gift in a stylish café setting.

Another option is to use your gift card to purchase items and then resell them on platforms like eBay or Craigslist. This method takes longer, but you may be able to get closer to the full value of your gift card.

If you want to get cash quickly, you can set the price of your gift card between 2% and 15% of the original amount. However, the popularity of the gift card will affect how quickly it sells.

Here are some pros and cons of each method:

You can also use your Amazon gift card to buy a prepaid debit card, which you can then use to withdraw cash from an ATM. However, this method may not be the most convenient or efficient way to convert your gift card to cash.

Using the Gift Card

Amazon Gift Cards can generally only be used to make purchases on the Amazon website or affiliated websites. However, some retailers may accept them in-store.

Some Whole Foods Market locations in the United States accept Amazon Gift Cards as a form of payment. You can also load your Amazon account balance in-store using cash at some convenience stores, such as 7-Eleven, which can then be used to make purchases on Amazon.

Expand your knowledge: Amazon Accept Sezzle Virtual Card

Can Be Used in Stores?

A blank card resting on elegant pinstripe fabric in a gift box.
Credit: pexels.com, A blank card resting on elegant pinstripe fabric in a gift box.

Amazon Gift Cards can generally only be used to make purchases on the Amazon website or affiliated websites. However, some retailers may partner with Amazon to allow customers to use their gift cards in-store.

Some Whole Foods Market locations in the United States accept Amazon Gift Cards as a form of payment. You can also load your Amazon account balance in-store using cash at some convenience stores, such as 7-Eleven.

Not all retailers will accept Amazon Gift Cards in-store, so it's essential to check with the specific store before making a purchase. The terms and conditions of the gift card may vary depending on the country and region.

Anywhere Access

You can use an Amazon Gift Card anywhere, but it requires some extra steps. You can convert your Amazon Gift Card to a prepaid Visa or Mastercard, which can be used anywhere that accepts those types of cards.

This process involves using a service like Prepaid2Cash, which converts your Amazon Gift Card to a prepaid card. You can then use this card to make purchases anywhere Visa or Mastercard is accepted.

Credit: youtube.com, How To Use Amazon Gift Card (Redeem E Gift Card)

If you're looking for alternative options, you can sell your Amazon Gift Card and use the cash to make purchases anywhere. Websites like Raise, Cardpool, and Gift Card Granny allow you to sell your gift card and receive cash.

However, selling your gift card may result in a loss of value, so be sure to read the terms and conditions and understand the associated costs before proceeding.

Alternatively, you can use your Amazon Gift Card to purchase a product that you can resell on a platform like eBay. This will allow you to receive cash that you can use anywhere.

Here are some options to convert an Amazon Gift Card to a more versatile form of payment:

  1. Convert to prepaid Visa or Mastercard
  2. Sell to a gift card reseller
  3. Purchase a product to resell

Keep in mind that each of these methods may involve some additional fees or result in a loss of value of the gift card.

Redeem Process

To redeem an Amazon gift card without a claim code, you'll need to contact Amazon's customer service. They'll ask for a scanned image of the receipt from the retailer where you bought the gift card.

You'll also need to provide a photo of the back of the card, as proof that it was activated. This is a standard requirement to verify the card's authenticity.

Amazon customer service will review your request and credit your account in a day or two, if everything checks out.

Broaden your view: How Do U Get a Cash App Card

Redeeming and Transferring

Credit: youtube.com, ✅ How To Transfer Amazon Gift Card Balance To Bank Account 🔴

You can redeem an Amazon gift card for cash by using the Amazon Cash Reload option at participating retailers, such as CVS Pharmacy and Walmart.

To use this option, you'll need to have a linked bank account or debit card to receive the cash. This way, you can easily transfer the funds to your bank account.

Amazon will deduct the gift card balance from your account, and the cash will be deposited into your bank account within 3-5 business days.

Frequently Asked Questions

How do I transfer money from Amazon gift card to cash App?

To transfer money from an Amazon gift card to Cash App, log into your Cash App account and select "Add Cash" to enter the gift card amount. Confirm the transaction to add the cash to your Cash App account instantly.

Can I cash out my Amazon gift card balance?

Yes, you can transfer your Amazon gift card balance to your bank account using Amazon Pay. To do this, simply sign in to Amazon Pay and follow the steps to redeem your gift card and transfer the funds.

Sheldon Kuphal

Writer

Sheldon Kuphal is a seasoned writer with a keen insight into the world of high net worth individuals and their financial endeavors. With a strong background in researching and analyzing complex financial topics, Sheldon has established himself as a trusted voice in the industry. His areas of expertise include Family Offices, Investment Management, and Private Wealth Management, where he has written extensively on the latest trends, strategies, and best practices.

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