Most people are familiar with visa gift cards and how they can be used. But, have you ever wondered "can you cash out visa gift cards?" Let us tell you that you definitely can. There are in fact a number of ways to do it, some easier than the others.
In this blog, we will give you the details about all these methods to turn Visa gift cards into cash. You can choose whichever suits you best the next time you want to get cash from your Visa gift card.
Different Methods to Get Cash From a Visa Gift Card
1. Withdraw Cash from an ATM
Did you know that some Visa gift cards allow direct ATM withdrawals? While not all cards have this feature, many prepaid Visa cards that come with a PIN code can be used just like a regular debit card. Insert your card into an ATM, enter your PIN, and withdraw the cash equivalent to your card’s balance.
Keep in mind that some issuers may charge a small transaction fee for ATM withdrawals. So, check the terms and conditions printed on your card or contact customer service before heading to the ATM.
2. Sell to People You Know
Another one of the simplest methods to cash out a Visa gift card is by selling it to someone you know, like friends, family, or colleagues. This approach is convenient and eliminates the need for platforms or additional fees. You can simply agree on a fair value and transfer the card to them in exchange for cash. It’s a win-win solution: they get a ready-to-use gift card, and you get instant cash without any waiting time. Just ensure to communicate all details, like the exact balance and any expiration dates, for transparency.
3. Sell Visa Gift Card on Marketplaces
Online marketplaces like classified ad websites or social platforms can be another avenue to get money off your Visa gift card. You will of course have to create a listing detailing your card's balance, expiration date, and asking price. Buyers who are interested in discounted gift cards for personal use often browse these platforms. While this method offers flexibility in setting your price, it requires some caution. There are too many scammers out there so always avoid sharing sensitive card information with strangers until the deal is confirmed.
4. Purchase Items to Resell
If direct cash options aren’t working, you can use your Visa gift card to buy items and resell them for cash. For example, you could purchase high-demand items such as electronics and gadgets from stores that accept Visa cards. The next step will be to list these items on e-commerce platforms, marketplaces, or even within your community for resale. This method may take a little extra effort, but it can sometimes earn you more than the card's value if you buy items on sale or on demand.
5. Link Your Visa Card to Paypal
Another efficient way to cash out your Visa gift card is by linking it to a PayPal account. PayPal allows users to add Visa gift cards just like regular debit or credit cards. Once linked, you can transfer money from your Visa gift card to your bank account. This method is especially useful for those who frequently use PayPal. Just ensure your card has sufficient balance to cover any applicable PayPal transfer fees.
6. Sell on Dedicated Gift Card Trading Sites
For a fast, secure, and reliable solution, selling your Visa gift card on dedicated gift card trading platforms is one of the best choices. Platforms like Cardgoal are specifically designed for this purpose. One thing you should remember is that there are a number of apps and sites that enable you to cash out your Visa gift cards. But, not all of them are as reliable as Cardgoal. We have over a million downloads on the Google Play Store. If you prefer competitive rates and swift payouts, download Cardgoal Android App or Cardgoal iOS App and convert your Visa gift card to cash.
FAQs
Can You Withdraw Cash From a Visa Gift Card?
Yes, you can withdraw cash from a Visa gift card if the card issuer allows it. Some cards allow for ATM withdrawals, but not all Visa gift cards have this feature. Always check the card's terms and conditions to confirm.
What Is the Easiest Way to Turn a Visa Gift Card Into Cash?
The easiest way is to sell the gift card on a dedicated trading site like Cardgoal. These platforms provide quick and reliable cash transactions for unused cards.
Can I Use My Visa Gift Card to Pay Bills?
Yes, many utility services and online platforms accept Visa gift cards as a payment method. You can use the card to pay for bills and services just like a regular debit or credit card.
Are There Fees for Cashing Out a Visa Gift Card?
Some methods, like using ATMs or using Paypal, might charge a small fee for transactions. It’s important to review the fee structure of your chosen method before proceeding.
Do Visa Gift Cards Expire?
Visa gift cards usually have an expiration date. However, any remaining balance can often be transferred to a new card or refunded by the issuer, depending on the terms.
What Should I Do If My Visa Gift Card Is Declined?
If your card is declined, verify the remaining balance and ensure the retailer accepts Visa gift cards. You should also check for activation issues or restrictions on certain transactions.