Amazon Gift Cards are amazing for finding high quality products at great prices. The best part is you don't even have to step out of the house. As great as it sounds, sometimes you would rather have cash. This is why we are writing this blog, to inform you how to transfer Amazon gift card balance to bank account. So, if you have ever wondered how to convert Amazon gift card to cash, keep reading!
1) How to Convert Amazon Gift Card to Cash Using Amazon Pay?
You can think of Amazon Pay as your digital piggy bank. It allows you to store various payment methods, including credit cards, debit cards, and yes, even your Amazon gift card balance! Once your gift card balance is added to Amazon Pay, you can transfer those funds directly to your bank account.
Steps to Transfer Gift Card Balance to Your Bank Account Using Amazon Pay:
1) First things first, you need to add your Amazon gift card balance to your Amazon Pay wallet. Head to your Amazon account and navigate to the "Gift Cards" section. Look for an option like "Redeem a Gift Card"." Enter your gift card details. Your gift card balance is now happily residing in your Amazon Pay wallet.
2) Next step is to locate the "Transfer Funds" or "Send Money" option within your Amazon Pay section. It might be under your account activity or a dedicated "Payments" tab.
3) Select the bank account you want the funds transferred to. Ensure it's the same account linked to your Amazon Pay for a smooth transaction.
4) Determine how much of your gift card balance you want to transfer to your bank account.
5) Double-check all the details including the amount, recipient bank account and confirm the transfer. The funds should appear in your bank account within a few business days (depending on your bank's processing time).
2) Sell Your Amazon Gift Card on Cardgoal
One of the quickest and most reliable ways to redeem Amazon gift card balance for cash is by selling it on Cardgoal.com. This platform allows you to sell your gift cards for cash. This is then transferred to your bank account. Here’s how it works:
How Cardgoal Works?
Sign up for an account on Cardgoal.com.
Enter the details of your Amazon gift card, including the balance and card number.
The rate calculator on Cardgoal will show you how much cash you will receive for your particular Amazon gift card.
Once you are satisfied with this, you press sell. You will have to provide your bank details where you want to receive the cash. Cardgoal provides fast and safe transactions so you don't have to worry about any kind of scam.
3) Trade for Cryptocurrency (BTC, USDT)
For those exploring how to cash out an Amazon gift card through alternative digital methods, converting your balance into cryptocurrency presents another viable solution. While Amazon doesn't directly support crypto transactions, peer-to-peer (P2P) marketplaces create an effective bridge between gift cards and cash.
After securing cryptocurrency, you can either hold it as an investment or convert it to cash instantly. Many P2P platforms allow direct sales to local buyers via bank transfer, or you can move funds to exchanges to withdraw to your linked account. The problem with this method is that it involves multiple steps and it can take a long time for you to receive your funds.
4) Sell to Friends & Family
For those wondering how to transfer Amazon gift card balance to bank account without third-party fees, selling your balance to someone you trust is a straightforward solution. Friends, family, or coworkers who frequently shop on Amazon may gladly buy your gift card at a slight discount.
To proceed, share the gift card code securely (via messaging apps or in person) and receive payment through cash, bank transfer, or mobile wallets like Venmo. If the card is physical, hand it over directly. This method is instant, fee-free, and avoids the complexities of online marketplaces.
5) Shop Using Your Amazon Gift Card & Resell
If you need to redeem Amazon gift card for cash but can’t sell the card itself, consider buying high-demand resalable items with your balance. Electronics (like headphones or smartwatches), gaming consoles, or even grocery vouchers can be purchased and later sold for near-full value on platforms like eBay, Facebook Marketplace, or local classifieds.
Here’s how to optimize this method:
- Choose products with strong resale demand (check completed listings on eBay for pricing trends).
- Keep items sealed to justify “new” condition pricing.
- Use Amazon’s return policy strategically: If resale is slow, return eligible items for an Amazon refund (issued as a gift card balance, which you can resell later).
While this process takes more effort than direct sales, it’s ideal for larger balances or when other options aren’t viable. Just account for potential resale fees or slight value loss when pricing items.
Conclusion:
You don't need to think any longer "can you transfer Amazon gift card balance to bank account". We have answered it in detail above. you can choose the method that suits you best. Personally, we think using Cardgoal is the most straightforwards and easy way to go. Install the app and try for yourself!