possibly you have received a Visa endow card as part of a promotion. possibly you are registered on Swagbucks.com and redeemed the Swagbucks you earned for watching television, taking surveys, playing games, and denounce on-line for a Visa endow circuit board. alternatively, you may have received your Visa gift tease from your dear Aunt Thelma for your late birthday when what you truly needed was cold, hard cash to help you meet a fiscal finish you had set for yourself. possibly you wanted to pay down some debt, add to your hand brake fund, or increase your retirement savings. unfortunately, you can not plainly insert the give poster into an ATM to get the cash you desire. A Visa gift card is unlike from a Visa postpaid tease, which is reloadable and can be used to get cash at an ATM. Nevertheless, there are multiple ways to convert that gift menu to cash. Ten of these are discussed below :
1. Transfer Visa Gift Card to Bank Account via PayPal
If you have a PayPal account, you can add the tease to your PayPal Wallet. Simply pawl on the “ Wallet ” yellow journalism at the peak of the sieve after logging in and follow the directions. You can then transfer visa endow card to bank bill that is linked with PayPal. PayPal does not charge a fee for a standard transfer, which by and large takes one clientele day ( although it could take ampere many as five business days, so you should keep that in mind ). If you need the money faster, you can opt to do an “ instantaneous transmit, ” and PayPal charges a fee for that. Some banks besides charge a fee for transfers, indeed check with your fiscal institution to determine precisely what the transplant will cost you .
If you do not have a PayPal history, consider asking a sure ally or class member to upload the wag to his or her account, giving you the cash for it.
2. How to Add Visa Gift Card to Venmo
Venmo is a PayPal-owned app that facilitates the transfer of money among friends and businesses. As with PayPal, you can upload your Visa giving card to the app and then transfer the funds to your connect bank report. Like PayPal, Venmo does not charge a transplant tip for a standard transfer, but charges 1 % for an instant transmit .
3. Use the Card to Purchase a Money Order
Your Visa endowment card can be used to buy a money order at Walmart and a total of grocery stores. You will be charged a small tip for it. Walmart presently charges $ 0.88 per money decree, which is truly cheap. You will have to have created a PIN for your endowment poster in gain so that it can be used as a debit card since Walmart accepts only cash or debit cards for the purchase of a money order. You can then take the money arrange to your bank and deposit the funds into your history. Be aware that some banks have been known to close an account that has besides many money club deposits in order to prevent money wash, so this is credibly not an option you want to use excessively frequently .
4. Apply It Toward a Regular Monthly Bill
indemnity, cable, and many other companies that bill you monthly accept credit cards as a method acting of payment. alternatively of writing a check, pay the charge with your endowment wag. You can then allocate the extra money in your checking explanation toward your fiscal goal .
5. Use It to Buy Groceries
Pay for your groceries using your Visa give batting order and use the extra cash you will then have to meet your fiscal target.
Read more: How To Get Rich From Absolutely Nothing
6. Gift It to Someone Else
A friend or kin member may be having a giftable celebration—a birthday, marry, anniversary, retirement, etc.—in which sheath you can give the Visa card to them, again using the cash you would have spent on an alternative endow for whatever else you want .
7. Sell It on eBay or Craigslist
You can sell your Visa endowment poster to buyers on eBay or Craigslist. You will have to sell it at a discount rate, however. If the balance on your card is $ 50, you will have to list it for some lesser sum, like $ 40. differently, there is no real number cause a strange would opt to buy it from you when he or she could equitable as easily purchase one from an on-line or brick-and-mortar store with an established reputation .
8. Sell It to a Reseller Website
There are a numeral of websites that are in the commercial enterprise of buying and selling endowment cards, such as Prepaid2Cash.com and GiftCardBin.com. Prepaid2Cash says it will pay up to 92 % of the value of your card. You begin by scanning your poster and uploading it to the web site. Once it verifies the balance on your card, PrePaid2Cash will present you with an offer that you are dislodge to accept or reject. No commitment. There is a 15 % process fee if you want an clamant transfer to your depository financial institution explanation, which can take less than 15 minutes, a well as a $ 1.50 rescue tip. If you do not mind waiting for adjacent day transfer, the processing tip is cut in half to 7.5 %, but the delivery fee remains at $ 1.50. GiftCardBin no longer purchases gift cards on line for resale, but you can determine a GiftCardBin partner ’ s localization that is close up to you by entering your travel rapidly code and exchange your circuit board for cash there .
9. Sell It to a Friend or Family Member
The fees charged by reseller websites can be expensive, and you may have to offer a significant deduction to attract buyers when offering your endow card for sale on eBay or Craigslist. Another option is to sell your give card to person you know—a friend or family penis. This can be a win-win position. If you have a $ 50 giving poster, you might sell it to them for $ 45. They then have $ 50 worth of purchasing power for $ 45, and you have $ 45 in cash to apply to your fiscal goal .
10. Use It to Purchase Items on Sale for Resale
This is undoubtedly the most time-consuming of all the methods listed above, but it is besides one that can enable you to earn a profit. Use your Visa gift card to purchase an item when it is on a big sale. then resell it at stopping point to its regular price. For model, you might find a child ’ south electric scooter that normally retails for $ 100 on sale for $ 50. You can use your $ 50 Visa gift tease to purchase it and then list it for sale on eBay, Craigslist, or a similar platform for $ 80. This is another win-win scenario. You end up with $ 80, alternatively of $ 50, and your buyer gets to purchase the scooter at a 20 % discount .
While this article is specific to Visa give cards, most of these methods can besides be used to convert early gift cards, such as specific retailer gift cards, to cash angstrom well. This said, there are options available for converting these other giving cards to cash that are not available for Visa giving cards. For exemplar, neither Visa nor Mastercard giving cards are accepted at the endow card substitute kiosks that you can find in some patronize malls and supermarkets, and some of the web site resellers do not purchase Visa endowment cards for resale.
Read more: What Is A Good Credit Score? | Equifax®
Related Resources
14 Ways to Get free PayPal Money
Can You Return Unwanted Gift Cards ? Plus Alternatives
