You’ll avoid a trip to the ATM, making the gift card even better than having cash. You’ll be glad you saved it when the opportunity presents itself. Keep your Visa gift card in a back drawer and use it for the next gift-giving occasion - like a wedding, birthday, or holiday. There’s nothing worse than rushing around last minute to get to a party or wedding and not having a gift to bring. One savvy method is to take an old gift card you’re never going to use, liquidate it, and then transfer the money directly into an investment account. This is an excellent option for someone who doesn’t need the money right away and would rather put it toward long-term use. If you invest the money wisely, you could grow the original sum into a much greater amount over time. For example, $100 could buy you a few stocks, bonds, or funds. Perhaps the smartest thing you can do is to link the card to a brokerage account and invest the money. The last thing you want to do is offer a $50 card only to have $30 or less remaining. If you have already used the card, make sure to check the latest gift card balance so that you trade the card for an accurate amount. You could offer to sell the card to a friend straight up or for a slight discount. Suppose you’re out with a friend and really need cash. Just watch out for transaction fees when moving money out of your PayPal account and into your bank account. Transferring money to a digital wallet can provide greater flexibility when making online transactions. Some people also convert Visa gift cards to PayPal wallets or Venmo wallets for flexible online usage. Add Money to Your PayPal or Venmo Account However, if you play your cards right, you could earn back more than your original amount. This approach is time-consuming and somewhat risky as you may not make your money back in full. For example, you could buy low-cost items online with a gift card and sell them on sites like eBay and Amazon to make a few bucks. Some consumers like to get creative when using Visa gift cards, and flipping products is one way to generate cash. Just be careful not to do too many of these transactions or the bank may get suspicious and shut down your account. Of course, to do this you’ll need a bank account from a financial institution. Simply visit the post office or banking kiosk, purchase a money order, and then deposit that into your checking account or use it to pay for a certain item. Buy Money OrdersĪnother way to convert Visa gift cards to cash is to buy a money order. In that instance, you might be best off liquidating the card, taking the money, and putting it towards something you actually want. For example, someone may give you a gift card to a sporting goods store even though you haven’t played basketball in ten years. Selling your card online is a great option if someone gifts you a card from a retailer that you don’t like or never would typically go to. If you choose to go in this direction, be on the lookout for scams. You might also want to look into doing the same on Craigslist. These sites can transform prepaid cards from Visa, MasterCard gift cards, and cards from other leading merchants like Best Buy, Nike, and Target, to name just a few examples. Want to get rid of your card altogether? Visit sites like Prepaid2Cash and CardCash to liquidate prepaid cards. You can also use it at stores like Walmart, Home Depot, and your local supermarket. Simply enter the information when making a payment and the items will be deducted from your Visa gift card balance. You don’t need to convert a Visa gift card to use it for everyday transactions.įor example, you can use this card to pay bills like utilities, food, and housing costs. Use Your Prepaid Visa Gift Card Like Cash Yes, you may have to pay fees this way – but you’ll walk away with cash that you can use anywhere, and you won’t have to wait several business days for the money to clear. Simply visit an accredited ATM and deposit the card into the machine to make a cash transaction. The fastest way to convert a Visa gift card to cash is to visit an ATM. Add Money to Your PayPal or Venmo Account.Here’s how to get cash from your Visa gift card: In This Article 9 Ways to Get Convert a Visa Gift Card to Cash Keep reading to learn how to convert a Visa gift card to cold, hard cash. Fortunately, when it comes to converting your reloadable Visa gift card to cash, there are plenty of options. This is a common issue that Visa gift card holders often face. While she’s appreciative of the gift, she’d much rather have cash than a prepaid plastic card. Kaite just got a $100 Visa gift card for a graduation present.
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