How to Cash Money Inside Gift Card with These Easy Methods

From above of dollar bills in opened black envelope placed on stack of United states cash money as concept of personal income
Credit: pexels.com, From above of dollar bills in opened black envelope placed on stack of United states cash money as concept of personal income

Cashing in gift cards can be a lifesaver when you're in a pinch. Some gift cards have expiration dates, so it's essential to use them before they expire.

You can sell your unwanted gift cards online through websites like Raise or Cardpool. These platforms connect buyers with sellers, allowing you to get cash for your unused gift cards.

Make sure to check the fees associated with selling your gift card, as they can eat into your profits. Some platforms charge a small fee, while others may take a larger cut.

If you're unable to sell your gift card, you can also use it to make purchases or exchange it for cash at a store that accepts gift cards.

Getting Cash from Gift Cards

Getting cash from gift cards can be a bit tricky, but it's definitely possible. You can add a gift card to a digital wallet, but that's not the only way to get cash.

Assorted Credit and Gift Cards
Credit: pexels.com, Assorted Credit and Gift Cards

Some gift cards, like Visa gift cards, can be used like cash at ATMs. You can also sell your gift card to someone you know or use it to buy money orders.

If you have a Visa gift card, you can visit an ATM to withdraw cash. You can also use it to buy and flip products, or add money to your PayPal or Venmo account.

There are many ways to trade gift cards for cash, but be aware that the company will typically take a cut, so you can expect to get less than the full value of the gift card.

Here are some ways to get cash from a Visa gift card:

  1. Visit an ATM
  2. Use Your Pre-paid Visa Card like Cash
  3. Sell Your Gift Card
  4. Buy Money Orders
  5. Buy and Flip Products
  6. Add Money to Your PayPal or Venmo Account
  7. Sell Your Card to Someone You Know
  8. Invest the Money
  9. Re-Gift the Card

Selling Gift Cards for Cash

You can trade or sell unused gift cards for cash, and it's a great way to get some value out of them.

A report by Credit Summit says 60% of Americans have at least one unused gift card. You can use this opportunity to get some cash out of it.

Woman holding cash and smartphone displaying calculator, highlighting personal finance management.
Credit: pexels.com, Woman holding cash and smartphone displaying calculator, highlighting personal finance management.

There are websites and apps that allow you to sell your gift cards, such as Raise.com's GCX and CardCash. GCX takes a 15% fee, while CardCash buys the card for up to 92% of its value.

You can also use CardCash to trade a gift card for another one, which can net you 11% more of the value on average.

Some popular websites for selling gift cards include GCX, CardCash, and GiftCardBin, which accepts over 600 retailers and pays between 60% to 70% of the total value.

To sell your gift card, you'll need to enter the balance on the card and select the merchant. The website will then make an offer, which is typically based on supply and demand.

Here are some popular websites for selling gift cards:

  • GCX (GCX.com)
  • CardCash (CardCash.com)
  • GiftCardBin (GiftCardBin.com)
  • GameFlip (GameFlip.com)

Keep in mind that you won't get the full value of the gift card in cash, but you can still get a good chunk of money for it.

Cash Transfer Options

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.

You can cash out a gift card, but it may take some extra steps.

Adding a gift card to a digital wallet is one option, but there are other ways to get cash from a gift card.

Trading gift cards for cash is possible, but be aware that the company will take a cut, leaving you with less than the full value of the gift card.

CardCash is a site where you can sell gift cards and trade them to a different store.

The average cash-in value on CardCash is around 92%, so for a $50 gift card, you can expect to receive $46.

Timothy Gutkowski-Stoltenberg

Senior Writer

Timothy Gutkowski-Stoltenberg is a seasoned writer with a passion for crafting engaging content. With a keen eye for detail and a knack for storytelling, he has established himself as a versatile and reliable voice in the industry. His writing portfolio showcases a breadth of expertise, with a particular focus on the freight market trends.

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