It is generally not possible to directly transfer money from a Visa gift card to a bank account. However, there are a few workarounds that you can use to accomplish the task, including using the gift card balance to purchase an item from a retailer that allows you to receive store credit, selling the gift card to a site that will give you cash payment for it, and using the Visa gift card to purchase a money order that you can then deposit into your bank account.
Can you use a Visa gift card to get cash out of an ATM?
No, you cannot use a Visa gift card to get cash out of an ATM. Visa gift cards are prepaid debit cards, meaning that the money loaded onto the card must be used to make a purchase — it is not possible to load cash onto the card or withdraw cash from it at an ATM.
It is possible, however, to use a Visa gift card to make purchases in a store or online, and if necessary the remaining balance can be utilized by requesting cash back at the time of purchase. It is also possible to check the balance remaining on a Visa gift card online or by calling customer service.
How can I get cash from a prepaid Visa card?
Depending on the type of prepaid Visa card you have, you can typically get cash from your prepaid Visa card in the following ways:
1. ATM withdrawals – You can usually find an ATM that allows you to get cash from a prepaid Visa card. To do so, you’ll need to insert your prepaid Visa card into the machine and then enter your PIN.
The ATM will then provide you with the cash you requested.
2. Cash-back while making a purchase – Many stores allow customers to get cash-back when they use their prepaid Visa card when making a purchase. To do so, select the sum you would like to withdraw from your prepaid Visa card when the store clerk asks you how you’d like to pay.
Your cash-back will then be added to your total and you will receive the cash when paying for your purchase.
3. Transfer to a bank account – Many prepaid Visa cards allow you to transfer funds from your card to your bank account. Depending on your card issuer, you may be able to do this by logging into your account online or by visiting a store.
Once you’ve successfully completed the transfer, the funds will appear in your bank account.
How do I turn my gift card into cash?
The simplest and most direct way to turn a gift card into cash is to sell the gift card for cash. Including ones such as Raise, Cardpool, and Gift Card Granny, that allow you to list and sell your gift card in return for cash.
You will typically receive a lower amount than the gift card’s face value, but that is the trade-off you are making in exchange for the convenience and speed of receiving cash instead of a gift card.
Another way to turn a gift card into cash is to use the gift card to purchase items and then resell those items for cash. You can do this by utilizing classifieds websites and platforms like Craigslist, Amazon, and eBay.
Again, you will likely not receive the entire face value of the card, but you may be able to negotiate up the cost depending on the item being sold.
What app converts gift cards to cash?
The most popular ones allow users to sell their gift cards at discounted prices to other users, who take the cards off their hands and receive a discounted item or service. For example, CardCash and Raise are two popular apps that provide a marketplace for users to buy, sell, and exchange gift cards.
For those looking for a more direct way to convert their gift cards to cash, there are apps such as CoinStar, Gift Card Rovers, and Cardpool that essentially act as middlemen to purchase gift cards from users and offer cash in return.
Each one of these services has various redemption options and fees, so it’s wise to compare all of the available services to find the best deal.
What gift card can you use at an ATM?
Although most gift cards cannot be used at an ATM, prepaid Visa and Mastercard cards can typically be used to withdraw cash from an ATM. Prepaid cards are available from a variety of sources and can sometimes be purchased online or in a store.
Generally, the amount of cash you will be able to withdraw is equal to your card’s balance, minus any withdrawal fees that may apply. Before using a prepaid card at an ATM, you should always check the terms and conditions to understand how, where and how much you are able to withdraw.
Can I swap a gift card for cash?
In most cases, you cannot directly swap a gift card for cash. However, if you don’t plan on using the gift card, there are a few options you can explore to get some value out of it.
First, you may be able to sell your gift card. Many websites and apps, such as Raise and CardCash, allow you to sell gift cards for cash. These sites typically charge a fee of between 8-15%, but may be a good options if you don’t have time to search for other solutions.
Second, you may be able to trade in your gift card for cash. If the store that issued your gift card offers a trade-in program, you can likely exchange it for cash, usually in the form of a store gift card or credit.
This may be a good option if you plan on making purchases at that store in the future.
Finally, you may be able to use your gift card to purchase items that you can resell for cash. For example, you can buy gift cards for places like Walmart and then use those cards to buy items you can flip for a profit on sites like eBay or Craigslist.
This may take more time and effort, but if you do your research and find quality items, it can be a good way to get some cash from your gift card.
Can you exchange a gift card for cash at Walmart?
No, unfortunately you cannot exchange a gift card for cash at Walmart. In order to receive cash, you will need to use the card to purchase merchandise or services and request cash back during check out.
While Walmart does not permit customers to engage in the exchange of gift cards or vouchers for cash or other items, you may be able to find stores that allow it, as it varies by location. Additionally, you may also be able to sell the card online or use a service that specializes in exchanging or trading gift cards.
Can you deposit gift cards into your bank account?
Yes, it is possible to deposit gift cards into your bank account. This can be done in a few different ways, depending on the type of gift card you have. Depending on your bank, you may be able to transfer the funds from the gift card to your bank account.
Other methods to deposit a gift card into your bank account include cashing out the gift card at an ATM machine, or trading the gift card for a deposit slip or cashier’s check from a retail store. However, there may be fees associated with these methods so it’s important to check these details with your bank beforehand.
How can I get money off of a gift card?
First and foremost, you can use the card to purchase items from an online or physical store. Most stores have a policy where you can use the gift card to purchase items, and the remaining balance on the card will be paid for with cash or another form of payment.
Secondly, you can look for websites or apps that offer cash back on the purchase of gift cards. These types of websites and apps selling discounted gift cards typically have a process for selling the remaining balance on the gift card for cash.
Finally, you can take the gift card to a currency exchange or pawn shop. Many of these locations offer cash in exchange for a prepaid card or gift card, though the exchange rate varies depending on the location.
What gift cards allow ATM withdrawal?
While most gift cards are not designed to be used in the same way as a checking or debit account, a select few gift cards do allow ATM withdrawals. These gift cards usually require a fee to use, and the fee must be paid up front in order to receive the card.
Some of the gift cards that allow ATM withdrawal include PayPower Prepaid Visa, Serve from American Express, prepaid Visa RushCard, and Movo Cash Prepaid Visa. Depending on the card, users can typically withdraw up to a certain amount, usually around $500 per day.
Additionally, some of these cards offer direct deposit options and other services that can make it easier for users to access their funds with an ATM.
Can you get cash out with gift card?
Yes, you can get cash out with a gift card, depending on the type of card. For instance, prepaid cards with a Visa, MasterCard, American Express, or Discover logo on the front may be used at ATMs to get cash out.
However, not all prepaid cards are able to be used at an ATM, so check with your card issuer to make sure yours is able to. Some cards, such as store gift cards, may not provide the ability to get cash from an ATM.
You may also be able to get cash from a store or business that offers cash back with a purchase when you use a prepaid card. Additionally, some prepaid cards can be used for fees-free withdrawals at certain retailers or partner banks.
How do I convert a Walmart gift card to PayPal?
Unfortunately, there is no direct way to convert a Walmart gift card to PayPal. However, there are a few methods you can use if you want to convert your Walmart gift card to PayPal.
The first option is to sell your Walmart gift card on a gift card exchange website. Such as CardCash and Gift Card Granny, where you can sell your Walmart gift card to other buyers for cash. Once the sale is completed, you can receive the funds from the buyer in the form of PayPal credits.
The second option is to use a gift card exchange website, such as CardCash or Gift Card Granny, to exchange your Walmart gift card for another retailer’s gift card. For example, you can exchange your Walmart gift card for a Target or an Amazon gift card.
Once you have the other retailer’s gift card, you can redeem it online or in-store, then use the funds to purchase items from PayPal.
The third option is to use a website such as CardCash or Gift Card Granny to exchange your Walmart gift card for a cryptocurrency, such as Bitcoin. You can then use the cryptocurrency to purchase items from PayPal.
Whichever method you choose, it is important to remember to only use reputable websites when exchanging your Walmart gift card. It is also recommended to create a PayPal account prior to making any transactions.
Does Coinstar buy gift cards?
Yes, Coinstar does buy gift cards. To exchange gift cards for cash, you will need to locate a Coinstar kiosk near you. Each kiosk is set up to accept select gift cards in exchange for cash. Simply insert your gift card and follow the directions on the kiosk to receive an immediate offer.
You can get cash on the spot, or donate to one of their supported charities. Accepted gift cards may vary depending on location, so it’s best to call ahead. Keep in mind a $3.00 fee applies to all gift card transactions.