Visa gift cards are a popular holiday gift, but they can be difficult to use if you’re unfamiliar with them. After all, you might want cash rather than a gift card.
That’s why you should know how to get cash from a Visa gift card. Or how to convert Visa gift card to cash easily. Let’s look at some of these ways.💵💵
What is a Visa gift card? 💳💳
The Visa Gift card is a “prepaid” card. Unlike a credit card, you load money onto the card before you can spend it. In this respect, it is more like a debit card.💳
Once the card is loaded with money, you can use it anywhere that accepts Visa cards, in-person or online. When you make a purchase, the funds are transferred immediately from the card to the merchant. Then, the card can be used until the balance on the card is depleted.
How to get cash from a Visa gift card?
In some cases, you can get cash from a Visa gift card, while in others, you might be able to direct the funds in your Visa card to something else. Here are nine easy ways to use these cards.
1. PayPal wallet 👍
The Paypal wallet is a service that allows you to store, send, and receive money. You can use your Paypal wallet to shop online, send money to friends and family, or receive money.
If you’re new to Paypal, you can sign up for a Paypal account. Once you have a Paypal account, you can add money to your Paypal wallet by linking a bank account or using a credit or debit.💳
Another way to add funds to your PayPal wallet is to add a Visa gift card to it. PayPal lets you add prepaid cards from American Express, Discover, MasterCard, and Visa.💸💸
You can use your PayPal balance to shop online, pay bills, or send money to friends.
For instance, if you need to buy something from a website that accepts PayPal, you can use your PayPal balance to pay for it. Likewise, if you want to send money to a friend or family member, you can do so using your PayPal balance.
2. Add to Venmo 💸💸📱
Like PayPal wallet, you can also add your Visa gift card to Venmo. Venmo has become a popular payment method because it is easy to use and convenient. You can also use Venmo to shop online, pay bills, and more. Here’s how to add your Visa gift card to Venmo:
- Open the Venmo app and tap the Settings menu.💸💸
- Go to payment methods.
- Tap on “Add credit or debit card.”
- Enter your Visa gift card information.📱
- Tap on the Save button.
Now that you have added your Visa gift card to Venmo, you can start using it to make payments. To use your Visa gift card on Venmo, simply select it as your payment method when making a payment.
You can also use your Visa gift card to shop online and pay bills.📱
3. Go to an ATM 💲
Another way to get cash out of your Visa gift card is to go to an ATM. To use your Visa gift card at an ATM, you will need to find one that accepts Visa cards. Some ATMs may have a limit on how much you can withdraw.
You can use the ATM locator on the Visa website to find an ATM that accepts Visa cards.💳
Once you have found an ATM that accepts Visa cards, insert your card and enter your PIN. Next, select the “Withdrawal” option and choose the amount of cash you want to withdraw.
Remember that fees may be associated with using your Visa gift card at an ATM. However, you’ll get the cash quicker than any other method.💸💸
4. Sell it 💰💰
Another way to convert a Visa gift card to cash is simply selling it. You can list your Visa gift card for sale on e-commerce platforms like Craigslist, eBay, or Amazon.
For example, if you have a $100 Visa gift card, you can sell it for around $80. Most e-commerce platforms require you to verify the account with your credit or debit card.
While this option is convenient, it’s not the most profitable. You will likely only get around 80% of the value of your card.
It’s important to be careful about scams when selling your Visa gift card online. Make sure you only sell to reputable buyers with a good track record.💳💳✅
Besides online websites, you can also sell your Visa gift card on apps. For example, Raise is an app that allows you to sell your Visa gift cards. You just have to download the app, sign up for an account, and then add your Visa gift card to the app.✅
After that, you can set your price for the gift card, and the app will transfer the money to your account when someone buys it from you. Do note that the app takes the cards for up to 85% of their monetary value. So, you won’t get 100% of the card’s funds✅⭐.
When using such an app, be sure to read the app’s reviews and its terms and conditions. That way, you can ensure you’re not getting scammed and getting the best deal possible.
Prepaid2Cash is another reliable app that allows you to sell your Visa gift card. Again, the process is similar to that of Raise. But you get up to 92% of the card’s value, which is a better deal than what Raise offers.⭐⭐⭐⭐
5. Get a money order with Visa gift card 📄
Western Union, Walmart, and some grocery stores sell money orders. You can use your Visa gift card to buy a money order and then cash the money order at a check-cashing store.
This option is similar to selling your Visa gift card, but you’ll likely get a little more money for your card. For example, if you have a $100 Visa gift card, you can buy a money order for the same price.📄💲
However, there are some fees associated with this option. You can check the fee schedule of where you’re buying the money order from. Also, some check-cashing stores will charge a fee to cash a money order.💵💵💵
Some people are confused as to how a money order works. You’re just using your Visa gift card to purchase a piece of paper worth the amount of money on the card. You can then take that money order to a check-cashing store and receive cash.
6. Use a Visa gift card to pay bills ✅
You can use your Visa gift card to pay bills like your rent, utilities, or credit card bill. While this won’t give you cash directly, it can help you free up some cash you would otherwise have to use to pay these bills.
To do this, you’ll need your Visa gift card’s account number and routing number. You can find this information on the back of the card.💳
Once you have this information, you can set up automatic bill payments with your Visa gift card. This way, you don’t have to worry about manually paying your monthly bills.
However, not all companies will allow you to pay with a Visa gift card. And some companies may charge a fee for using this method of payment.
7. Give it as a gift 🟫🟫
If you don’t want to cash your Visa gift card, you can give it to a friend or family member as a present. If you have a relative who loves to shop online, for example, they would probably appreciate getting a Visa gift card as a gift.
You can also use your Visa gift card to shop for gifts for other people. For example, if you know somebody who is really into gardening, you could use your Visa gift card to buy them a new gardening tool set.
If you have a friend who is difficult to buy for, a Visa gift card can be a great way to make sure they get something they really want.💳💳
When the holiday season arrives, it can be pretty tricky to figure out gifts for some people. Maybe they’re too picky, or you just don’t know them well enough. In cases like this, a Visa gift card can be the perfect solution.
Regifting your Visa gift card will also save you a trip to the store🚀.
8. Use it to buy items and resell them 👀
Another way to make the most out of a Visa gift card is to buy items with it and then resell them. For example, let’s say you come across a great deal on a piece of jewelry. You could buy it with your Visa gift card and then turn around and sell it for a profit.
If you’re into crafts, you could use your Visa gift card to buy supplies and then sell your finished products.💟
You could also use your Visa gift card to buy items from garage sales, thrift stores, or online marketplaces like eBay. Just be sure to do your research so you don’t end up spending more on the item than you can make back in profit.💪💪
Sites like Alibaba and DHgate are great for finding cheap items that you can resell for a profit. Factor in the cost of shipping when you’re looking for items to buy.
Keep in mind that you’ll need to pay taxes on any profits you make from reselling items. The key is to find items that you can sell for more than you paid for them.
9. Invest the money 💵📈
If you don’t want to buy anything or give your Visa gift card away, you could always invest the money. You could use it to buy stocks, for example.
Another option is to use your Visa gift card to open a high-yield savings account. This way, you’ll be able to earn interest on the money you have📊📊.
You could also use your Visa gift card to buy gold or silver. It can be a good way to hedge against inflation.📈
Of course, there’s always the risk that the value of your investment will go down. But if you’re willing to take that risk, investing your Visa gift card could be a good way to make the most out of it.
After all, the money is not coming out of your pocket, so you have nothing to lose.
Benefits of a Visa gift card ✅✅
Gift cards have become one of the most popular gifts to give in recent years. And it’s no wonder why – they’re convenient, flexible, and can be used just about anywhere.
But did you know that there are actually several different types of gift cards? Visa gift cards are just one type, and they offer a number of unique benefits that you may not be aware of.⭐⭐
For starters, Visa gift cards are incredibly versatile. They can be used anywhere that Visa is accepted, which means they can be used at millions of locations around the world.
And because they’re prepaid, you don’t have to worry about overspending – the funds on the card will be limited to the amount that was originally loaded onto it.👍
Plus, Visa gift cards are easy to get your hands on. They’re available at many retailers, both in-store and online. If you’re looking for a last-minute gift, you can even purchase them electronically.
But what if you receive a Visa gift card and it’s not for a place you normally shop? Or what if you want to use it for an online purchase?
No problem! Visa gift cards can be used for online shopping just like any other Visa card. Simply enter the 16-digit card number and expiration date when prompted at checkout🛒🛒.
If you have a Visa gift card that you don’t want or can’t use, you can always exchange it for a different type of gift card. Many major retailers will allow you to do this, so it’s definitely worth checking out your options.🤑🤑
How to convert Visa gift cards to Cash app? 💰
If you want to convert your Visa Gift Card to cash so that you can spend it anywhere, there are a few ways to do so. You can also send it to Cash app. But you’ll have to take the PayPal route.
Start by adding the Visa gift card to your PayPal Wallet. You can do this by going to www.paypal.com/wallet and clicking on “Add a card.” Type in the number on the front of your Visa gift card and the expiration date.💻
Once you have added the card to your PayPal Wallet, you can either use it to make a purchase or withdraw the money to your bank account.💰💸
If you want to transfer the funds to CashApp, go to ‘Transfer Money’ and then ‘Transfer to Bank.” You’ll need to enter your routing and account number. The funds from your Visa gift card will appear in your CashApp.
Summary
Summing up, there are many ways to convert Visa gift card to cash. Now that you know how to get cash from a Visa gift card, you can use this knowledge to your advantage. With a little bit of effort, you can easily get the cash you need from your Visa gift card💳💸.
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