Gift cards might help you avoid the hassle of carrying a cash.Therefore, schemes like buy now pay later gift cards, or buying gift cards at self checkout have become so famous. However, gift card balance may only be spent at specific stores. If you want to utilize those funds elsewhere, that would require you to transfer money from visa gift card to bank account and it’s easier than you thought! Show What Will We Talk About Here?
…and Much More! Transfer Money From Gift Card to Bank Account – Complete GuideYou can easily transfer money from a prepaid gift card to your bank account indirectly by using one of the ways listed below.
MoneyGramMoneyGram is the second-largest money-transfer corporation in the United States that allows for quick and safe money transfers. To begin the process, you should visit MoneyGram.com and tap on on Sign-up. Here’s what you need to do next.
Viola! You’ll have money transferred from your visa gift card to your bank account in a matter of minutes. PayPalWhile you can’t immediately transfer a Visa gift card money to a bank account, you can acquire cash by transferring it to your PayPal balance instead. Then you can move the funds from PayPal to bank account if need be.
You might be interested in reading: Quickly Buy Visa Gift Card With PayPal. VenmoIt is a service that allows you to transfer money from a Visa gift card to a bank account. It functions much like PayPal in a way that you can transfer funds to it and then send them to bank account easily. Note! There is no fee when transferring money from your Venmo account to your bank account unless you choose Instant Transfer option.
The money should reach your account within 3 days. However, if you choose instant transfer, you should get the funds within minutes. Invest in a Square ReaderSquare is a point-of-sale (POS) payment platform that you can link to your bank account. Once the two platforms are connected, you will be authorized to simply swipe you card over reader and transfer the specific amount. The funds can then be transferred to your bank account. Each swipe costs 2.75% of the total transaction value. IbottaOne of our favorite cash-back applications is Ibotta. You can input your receipts from your shopping trip to this app and get your money back. You can payout for a PayPal gift card after you reach $25. Use Your Visa Gift Card For PaymentsThere are merchants who can aid you in getting money into your bank account. You simply need to walk in with your Visa gift card and pay at the POS or any other appropriate terminal. Following that, you can provide them with your bank account information so they can transfer money to your account for a fee. You might be interested in reading: Buy Visa Gift Card Online PickUp In Store. Use Gift Exchange Kiosk To Trade In For CashYou may swap your gift card for cash at several gift card exchange booths found in supermarkets and large shopping malls. The cash can then be deposited in your bank account at the local branch.
All you have to do is enter the information from your gift card into the kiosk, including the set of digits on the front of the card. After that, you’ll be given a voucher to present to the cashier in order to receive your funds. Sell Visa Gift Card to a Website For CashThere are numerous websites that can exchange your Visa gift card for cash. Also, there apps for this, such as Gift Card Granny, CardCash, and others.
Even if you have a card, some of these services will cover the cost of postage to mail the card to them. The sites will charge a fee based on a percentage of the card’s balance, so be sure you understand exactly how much this cost before consenting to the transaction. Sell Visa Gift Card To Somebody ElseSelling your Visa gift card to others is another option you could opt for and it is as easy as buying gift cards online. However, since you are selling an item as a second-hand use, you may not get as much as you originally paid for the gift card.
You might be interested in reading: Can You Add Gift Card to Cash App. The Bottom LineBecause of how versatile and accessible gift cards are, more individuals are using them for a variety of reasons. However, the money in the gift cards frequently needs to be transferred to the bank for cold cash. In that scenario, the choices for transferring money from a visa gift card to a bank account described above should be able to aid you. Frequently Asked QuestionsIs it possible to send funds from gift card to bank account? Yes. You can transfer money from gift cards to bank account by using various services. You can utilize CardCash or visit the nearest gift card exchange kiosk as per your ease. Can I take money out of a gift card at an ATM? You can withdraw money from a prepaid gift card at an ATM. However, there are specific cards that do not allow this type of transaction. Can you send money from gift card to Cash App? You can’t add gift card to your Cash App account therefore, you will not be able to send your money from the card to Cash App. |