Visa gift cards can be a convenient and thoughtful gift, but sometimes you need to get cash out of them. Fortunately, there are several ways to do so, and we'll explore 11 of them.
You can sell your Visa gift card to a gift card exchange website, such as Raise or Cardpool, to get cash for it. These websites will give you a percentage of the card's value in exchange for your card.
Some gift card exchange websites may charge a fee for their services, which can range from 2% to 15% of the card's value. This fee is factored into the price you receive for your card.
You can also use your Visa gift card to buy items you need and then sell them for cash, essentially turning the gift card into cash.
Key Facts
You can get cash from a Visa gift card through various methods. Here are some key facts to keep in mind:
PayPal charges a small fee for using a Vanilla Visa gift card to transfer funds to your bank account, but Venmo does not charge a fee.
To maximize your funds, selling your gift card manually may be the best option if you want to swap it out for cash.
There are two main options to get cash from a Visa gift card: using a Gift Card Exchange Kiosk or selling it manually.
Here are the fees associated with each option:
- Gift Card Exchange Kiosk: a small fee, but the exact amount is not specified
- Selling manually: no fee, but the exact amount you get for your card will depend on the buyer
Using a Gift Card
You can use a Visa gift card to make purchases at retail stores by swiping the card as a debit card. Online shopping is also an option, including buying digital gift cards on stores like Amazon.
If you're unable to withdraw cash, consider using the card to send money to people with PayPal. This way, you can still utilize the card's value.
You can also sell your Visa gift card for cash on Prestmit, which is considered one of the best gift card trading platforms in Nigeria and Ghana, allowing you to get the best value for your card.
Buy Items Online
You can use a gift card to buy items online, even if it's not accepted at a certain merchant. This can be done by purchasing another kind of gift card with your Vanilla Visa gift card, effectively turning it into usable "cash".
For example, you can use your Vanilla Visa gift card to buy a gift card to a merchant that your card isn't accepted at. This way, you can use the new gift card to make purchases, essentially turning your Vanilla Visa into cash.
You can also use your gift card to buy items on online marketplaces like eBay or Facebook Marketplace. If you think you can resell the item for a decent value, you can essentially turn your gift card into cash by listing it for sale.
Here are some popular online marketplaces where you can buy and sell items:
Remember, buying and selling items online requires some research and caution to ensure a smooth transaction.
Get a Pin
To use your gift card at an ATM, you need to get a PIN. This is a 4-digit PIN that you'll enter at the ATM, similar to a regular Visa debit card.
Not all gift cards come with a PIN, so be sure to check your card to see if one is required. If your card doesn't have a PIN, you won't be able to use it to withdraw cash at an ATM.
You'll need to get a PIN from the issuer of your gift card, which can usually be done online or by calling their customer service number.
Alternative Methods
If you're unable to use your Visa gift card at a store, you can sell it for cash through online marketplaces like eBay or Craigslist.
Some gift cards can be exchanged for cash at local stores like Walmart or Target, but this option is not available for all Visa gift cards.
You can also use a service like Raise to sell your unwanted gift cards for cash, but be aware that they take a fee from the sale.
Kiosk Exchange
If you're looking for a quick and easy way to exchange your Vanilla Visa gift card, you can try using a kiosk exchange.
You can find kiosks at your local mall or grocery store, where you can swipe your gift card and exchange it for store credit, another gift card, or straight cash.
Most kiosks offer a cash value of anywhere from 60% to 85% of the gift card's current balance.
You can accept the kiosk's offer and take the printed voucher to a cashier for disbursement.
Here's a step-by-step guide to kiosk exchange:
- Visit your local mall or grocery store to find a gift card exchange kiosk.
- Swipe your Vanilla Visa gift card on the kiosk's reader.
- Accept the kiosk's offer and claim your cash.
Alternative Card Uses
You can use your Visa gift card as a debit card to pay for purchases at retail stores, giving you a way to still make use of the card even if ATM withdrawal isn't possible.
You can also use the card to do online shopping, including buying digital gift cards on stores like Amazon.
Selling your Visa gift card on Prestmit, a gift card trading platform in Nigeria and Ghana, is another option to consider.
Cash Withdrawal
You can withdraw cash from a Visa gift card at an ATM, but only if the ATM supports Visa cards and displays a Visa logo.
To do this, visit an accredited ATM and deposit the card into the machine to make a cash transaction.
You may have to pay fees, but you'll walk away with cash that you can use anywhere.
Purchase Money Order
To purchase a money order, you can visit a Walmart, USPS, or Western Union. These stores allow you to buy a money order with a prepaid gift card, such as a Vanilla Visa gift card.
You can use the Vanilla Visa gift card to pay for the money order at the store. This is a convenient way to obtain cash.
To claim and cash in your money order, take it to your bank once it's been approved and received. Make sure to follow the bank's procedures for cashing in a money order.
Here are the stores where you can purchase a money order with a prepaid gift card:
- Walmart
- USPS
- Western Union
Withdraw at ATM
You can withdraw cash from a Visa gift card at an ATM, but only if the ATM supports Visa cards - look for the Visa logo on the machine.
To withdraw cash, visit an accredited ATM and deposit the card into the machine to make a cash transaction.
Transfer and Deposit
You can transfer the balance on your Visa gift card to a digital wallet like PayPal or Venmo for flexible online usage. This can be a convenient option, especially if you don't have a bank account.
Some people use apps like Prepaid2Cash to sell their Visa gift cards for cash. This service allows you to scan your card and transfer the funds to your bank account.
You can also use your Visa gift card like a debit card to make purchases at retail stores or online. This way, you can still use the value on your card without having to withdraw cash.
If you're unable to withdraw cash from your Visa gift card, consider using it to send money to someone with PayPal. This can be a useful alternative.
Here are some options for transferring and depositing the value on your Visa gift card:
Frequently Asked Questions
Can you get cash back from a Visa prepaid card?
Yes, you can withdraw cash from a Visa prepaid card at any ATM that accepts Visa
How to transfer a Visa gift card to Cash App?
To transfer a Visa gift card to Cash App, you'll need to add it to your PayPal account first, then add the funds to Cash App. Start by opening a PayPal account and uploading your Visa gift card to get started.
Can I transfer a Visa gift card to Cash App?
No, you can't transfer a Visa gift card directly to Cash App. Use PayPal as a middle step to add your Visa gift card to Cash App
Can you deposit Visa gift cards into your bank account?
Unfortunately, direct deposits from Visa gift cards to bank accounts are not always available. However, you can potentially transfer the balance indirectly through third-party apps like PayPal, Venmo, or Cash App.
Sources
- https://www.wikihow.com/Get-Cash-from-a-Vanilla-Visa-Gift-Card
- https://millennialmoney.com/visa-gift-card-to-cash/
- https://thesavvycouple.com/visa-gift-card-to-cash/
- https://prestmit.io/blog/making-most-of-your-visa-gift-card-withdrawing-cash-at-atm
- https://www.linkedin.com/pulse/how-get-cash-from-vanilla-visa-gift-card-cash-transfer-lxgme
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