Saturday, October 15, 2022

How To Get Visa Gift Card Money Into Bank Account

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Can I Get Cash From A Visa Gift Card If I Have A Pin

How To Turn Visa Gift Card into Cash Using Paypal | Transfer GiftCard Money to Bank Account

It used to be that gift cards had to be run as credit transactions at the point of sale because they didnt come with the PINs needed for debit transactions. Prepaid cards typically have PINs so they can be run as either. In 2013, the Federal Reserve passed a law requiring that people have the option to get a PIN for a general purpose gift card, so they have to decide which type of transaction to perform. This law, however, led people to believe they could use the PIN to withdraw cash from their Visa gift cards at an ATM or via cash back at a merchant POS. Thats not the case. The PIN simply allows gift cards to be run as debit transactions.

Can You Get Cash From A Vanilla Visa Gift Card

The short answer is not exactly, but the longer answer is it depends on the method you use. Vanilla Visa gift cards are the more popular choice for consumers since its easy to use.

There is a difference between a Vanilla gift card and a prepaid reloadable one. The former cannot get cashback from local ATMs, while the latter does.

What you can do is use a Vanilla card to transfer to PayPal or Venmo. Remember they take any prepaid card from Visa, which includes these gift cards.

You can always check the balance to make sure everything is correct. Its as good a method as any to ensure you can cash from a gift card without having to use the gift card itself.

You can also use exchange kiosks, although these might be in rare locations. The kiosks do take a fair amount of money from the fees, but they are the easiest method to get your cashback from the gift cards.

If you can find any nearby grocery store with this machine, I highly recommend doing so. Its arguably one of the most dependable methods to transfer any Visa gift card to cash.

You can even sell to any merchant in the local market but beware of transaction fees. If you plan on selling a smaller card, the costs dont really add up to anything noticeable.

Visa gift cards with more considerable sums lose a good chunk through fees, so be careful when you consider this option. These fees vary depending on the vendors themselves. If they are too expensive, I suggest not going through with it and choosing another method.

Pay Yourself With Square

If youre a freelancer of sorts and accept credit cards, then I highly recommend a Square reader if you dont already have one. Its a great way to swipe credit cards and get paid on the spot.

If you already have one or youre interested in one, the reader is free and lets you accept credit cards anywhere as long as you have your smartphone. Generally, you can get paid the next day.

In this case, you could pay yourself with the gift cards full value, but you will have to pay a fee in doing so, usually 2.6% + $0.10. Nonetheless, its a quick way to get cash if need be, but I would only do so if you have the reader and use them consistently. If you sign up to do this, you may get a warning email.

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Where Do I Get A Gift Card

If you want to give a person a gift card as their birthday present, various companies sell gift cards. For example, you can buy Visa gift cards from the Visa company itself or from other companies that also sell gift cards. Various companies sell Visa gift cards. They include the following.

i) United States Postal Service

The United States Postal Service sells gift cards that you can buy with various denominations. You can purchase it online or at any store near you. It would help if you had denominations of $20 to $500. You can find a physical location here or complete the order process online.

ii) Walmart

Walmart is one of the biggest online and physical stores in the US to purchase various goods. The company sells unique gift cards that you can give to your loved ones to buy whatever they want from Walmart. The card denominations range from $25 to $200. You can order the card online or from a physical store.

Walmart also issues prepaid debit cards that you can use for various kinds of transactions such as buying goods and services, transfering to a bank, or even sending to other cards. You can easilysend money online using a debit cardfrom Walmart.

iii) Target

Target is an online retail store where you can purchase goods and services. It is one of the best sites where you can get a gift card for your loved one. Target allows you to buy gift cards of various denominations, including $25, $50, and $100 in stores and up to $200 when you buy online.

iv) Staples

v) CVS

Sell Your Visa Gift Card To A Friend

Deposit visa gift card into bank account

Probably one of the best and easiest ways to convert your gift card balance to cold cash is by selling it to a friend. It doesnt hurt to ask around your circle if someone needs a Visa gift card, or simply ask if anyone is interested.

They might say No, but chances are, they might also say, Yes. After all, who wouldnt want to help a friend, right?

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Simple Options To Convert Visa Gift Cards To Cash

  • Pin

Receiving gift cards is great but making sure youre actually able to use the balance is the best part of all. Thats why seeing how to convert Visa gift cards to cash can be a great way to make sure that you use whats on the card with the added flexibility of being able to spend the balance anywhere!

Perhaps you were given the card as a gift or you bought it as part of a promotion. The latter is pretty common, as youll often find stores that offer discounts or bonus deals if you buy Visa gift cards from them. This can, in turn, save you a good amount on the actual value stored on the card.

You could even have gotten it by having earned it yourself! Sites like Swagbucksoffer this from time to time, by letting you earn Visa gift cards for free by watching videos, playing games and searching the internet.


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But now that youve got the card, you may be struggling to figure out what to do with it. Or you could just prefer to have straight up cash to be able to use it how you want.

  • Final thoughts on converting Visa gift cards to cash
  • Additional Ways To Earn More Free Gift Cards

    However, if you find gift cards to be a decent source of side income, maybe you should consider more ways to obtain them.

    There are dozens of platforms like Swagbucks, Ibotta or InboxDollars where you can complete small tasks and surveys, and get cash or gift cards in exchange.

    We have covered some of the best platforms in this area in our article: How To Earn Paypal Money Instantly.

    Make sure you give that one a read.

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    Transfer Money From Gift Card To Bank Account Complete Guide

    You can transfer money from a prepaid gift card to your bank account indirectly by using one of the ways listed below.

  • Transfer the balance to your own account by adding the card to yourPayPal,Venmo or Money Gram account.
  • Purchase a voucher from a Gift Card Exchange Kiosk and transfer the money into your account.
  • Choose a gift card selling app that pays you via direct deposit, allowing you to use the selling price to transfer your Visa gift card to your bank account.
  • Use the card to purchase a money order, which will be deposited into your account.
  • MoneyGram

    MoneyGram is the second-largest money-transfer corporation in the United States. It is quick, inexpensive, dependable, and, most importantly, safe. To begin the process, you should visit and tap on on Sign-up. Heres what you need to do next.

  • Enter your email address, create a strong password, and complete sign up.
  • Verify that youve successfully made an account by checking your email.
  • Then open MoneyGram account and click Send Money. Determine the amount of money you wish to send.
  • Choose either a debit or credit card. Then choose between Account Deposit and Debit Card Deposit.
  • Check to see if your visa gift card is linked to the bank account to which youre sending the money. If not, provide bank details.
  • Provide name and address of the cardholder.
  • After youve entered these details, click Next and your money transfer will be completed.
  • Attention!


  • At the top of the page, select the Wallet option.
  • How Can I Get Cash From A Vanilla Gift Card

    How to transfer gift cards money to your bank account – Money Maker off gift cards!

    How to convert Visa gift cards to cash

  • Use your Visa gift card to buy other merchants gift cards.
  • Add it to your PayPal wallet.
  • Add it to your Venmo account.
  • Pay your bills with your Visa gift card.
  • Go to a Gift Card Exchange Kiosk to trade it in.
  • Sell your Visa gift card through an app.
  • Convert your Visa gift card to cash by selling it to a website.
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    Two: Visit Your Prepaid Cards Website To See If They Offer Transfers To A Bank Account

    Some prepaid card companies help you do transfers to your bank account through their website or app. So your first stop should be the website of your prepaid card provider.

    Check Your Card Companys FAQ Page

    Here, theyll usually have a FAQ page. If your card company allows transfers, theyll state it very clearly.

    For example, the Bank of America CashPay card says the following on their FAQ page:

    you may perform an Online Funds Transfer via the CashPay Customer Service website at to transfer funds from your CashPay account to a traditional checking or savings account owned by you in the United States.

    Not in the FAQ? Check Your Card Companys Features Page

    If you dont find it on your card providers FAQ page, check the features and benefits page of your prepaid card.

    On the Netspend website, this information appears on the Card Benefits page:

    Have a bank account in addition to your Netspend Card Account? Link your financial accounts from participating bank accounts and you can transfer money between them and your Netspend Card Account.

    If your prepaid card company offers transfers to your bank account, then carry on to the next step. If its not clearly stated, then your best bet would be to try the MoneyGram method that we list below.

    Buy Items With The Card And Return Them

    A really unconventional and you can say unethical way to convert Visa gift cards to cash is to buy and return items.

    For example, you can use the Visa gift card to purchase an item at a store and then return the item and get cash in return.

    This takes a lot more work because you have to find stores that will actually let you do this since most stores will just give you store credit.

    I dont recommend using this method first, its more of a last resort method.

    As I said, this method is a bit unethical so be careful with this one.

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    Can You Put A Visa Gift Card In Your Bank Account

    You can deposit a gift card to your bank account, although not directly. Visa gift cards are treated like Visa credit cards, meaning the balance isnt transferable to an account.

    However, as shown above, there are some roundabout ways to achieve this. For example, there are several options to transfer money from a gift card to your bank account via PayPal. All you do is follow the steps outlined above for getting the balance into your PayPal account and, from there, transfer that money to your bank account.

    Keep reading to find out which specific options are available for this, if youd prefer the money end up in your account rather than converting your Visa gift card to cash in hand.

    Add To Your Amazon Balance

    How to get money from a gift card into my bank account

    If you use Amazon as many people do then consider adding your Visa gift cards to your Amazon account.

    Since Visa gift cards are pretty much as good as cash, you can use them to purchase items on Amazon when you add the gift cards to your Amazon balance.

    Its a really simple way to use your Visa gift cards!

    If you need to purchase items on Amazon then definitely consider adding your Visa gift cards to your Amazon account to use the money.

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    Sell Your Visa Gift Card Through An App

    Another option is to sell your Visa gift card on various apps that will buy it from you in order to resell it.

    While this can be a quick way to convert your Visa gift cards to cash, the fees are really steep so this should probably only be your last option if the others arent possible for some reason.

    For example, Raise has an app that does this for both iOS and Android, although theyll take 15% commission for doing this. Ouch.

    A similar one is Prepaid2Cash, another site that has an app for iOS and Android in order to trade in your Visa gift cards for cash. This one works slightly differently, in that:

    • First you tell them the brand of the gift card
    • They then send you an offer through the app for the card
    • You have no obligation to accept this offer but once you do, theyll deposit it into your account in up to five business days

    This means that the fees they charge are incorporated into the offer, so its not entirely transparent. They state, however, that the offer will be up to 92% of the card balance, meaning the fees are at least 8%.

    Add Your Visa Gift Card To Paypal Wallet

    PayPal Wallet is a phone app thatallows you to pay with a PayPal account.

    It is called a wallet because youcan add your cards to this app and use them when making payments through thisapp.

    One way to get cash from a visa gift card is to add the visa gift card to your PayPal wallet.

    Once added then you can send itthat another PayPal account that you are holding.

    Afterward, you can use a PayPaldebit card to withdraw the cash.

    In case you dont have anotherPayPal account you can send the money to a colleague who can withdrawal it foryou.

    The only drawback with thismethod is that PayPal will charge a processing fee of 1.4%

    If your PayPal wallet isconnected to your bank account then that is much better as you can thentransfer the money to your bank account.

    Unfortunately, sometimes it maytake up to five business days to reach your bank account.

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    Are Visa Gift Cards Traceable

    The transactions themselves are traceable as they are tracked by Visa but it is another thing when it comes to tracing the user. This is because there is no name or contact information connected to the card.

    Having said that I should still add that one can still trace the buyer of a gift card easily if they bought it using a debit card or using their bank account.

    In this case, the seller or law enforcement can be able to track you through your card details or bank details used during the purchase. But if you use cash to purchase the gift card it would be difficult to trace the purchaser.

    Another way law enforcement or others can track the user of a gift card is through the IP address of the computer used to do a transaction. Most people dont know that almost all the transactions we do online leave a digital footprint.

    Even the emails we send leave a digital footprint in the form of the IP address from which it was sent. It does not matter whether you are using Gmail or yahoo mail. Another way an investigator can trace you is through the mailing addresses you use when doing your purchases.

    Can I Convert A Visa Gift Card To Cash At An Atm

    How To Turn Visa Gift Card into Cash Using Paypal

    Unfortunately, you cant withdraw funds from your Visa gift card at an ATM. Prepaid gift cards are primarily meant to be used in exchange for goods from a merchant.

    A common characteristic of withdrawing funds from an ATM is that your credit card or debit card is connected to a checking account.

    In comparison, a Visa gift card is not connected to a checking account but rather pre-loaded with funds you use to shop.

    Additionally, Visa gift cards do not have PINs which is one of the main features of credit cards and debit cards. So, for now, converting a visa gift card to cash at an ATM is not an option.

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    Make Money From Your Gift Card By Buying And Reselling Items

    This may not be the solution if you are looking for quick cash, but it can give you greater returns if you know what and when to buy and sell a particular item. Like Ive said earlier, most stores treat gift cards as credit cards. This means that you can use your gift card to purchase anything from their online shop.

    The trick here is to keep an eye on items that are on sale or in high demand and with low supply in your area as of the moment. Once you found some, buy these products and resell them at a profit. And if you are wondering how you can use your Visa gift card for this purpose, its simple add it to your PayPal wallet and from there, you can use it to pay your online or even in-store purchases.

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