How to Turn a Visa Gift Card Into Cash
If you’re like most people, you likely have a few gift cards sitting around that you would rather have cash for.
The good news is that there are a few ways to turn your Visa gift card into cash. Some of these methods will require some technical maneuvering and rely on external services, such as PayPal or Venmo.
1. Sell it
If you have a Visa gift card that you don’t use anymore or aren’t sure where to put it, you can turn it into cash. There are several ways to do this, including selling it to a friend or family member or transferring the balance to your PayPal account.
You can also sell it on various apps that will buy it and resell it for cash, like Raise or Prepaid2Cash. These sites are a quick and easy way to convert your gift cards into cash, but you’ll have to pay a fee.
Another option is to sell it on a marketplace like eBay or Facebook Marketplace. This will take a little more work than the other options, but it can be a good way to make money from your old gift cards.
There are a few things to keep in mind when doing this though, so be sure to read the fine print before you do it. It’s not uncommon for these sites to charge a percentage of the card’s value, so it’s important to find out what that will be before you agree to sell your Visa gift card.
The best part is that this method can be especially useful if you’re looking to get cash from your Visa gift cards quickly. These sites also offer great customer service, so you’re likely to be satisfied with the outcome of your transaction.
While this is a great way to make some extra cash, you should still check out other methods first to see if you can find a better solution. For example, you could sell your Visa gift card to a friend or family member for a smaller amount of money and then transfer the balance to your PayPal account.
This method is also a safe and reliable way to convert your Visa gift card into cash, but it can be a bit more labor-intensive than other options. This isn’t a bad thing if you have the time, and it can be worth your while if you think that your gift cards are worth more than their original value.
2. Buy a money order
If you need to make a purchase, pay off debt or send money to someone, a money order can be an ideal option. They’re prepaid, won’t bounce and are generally safer than cash. However, they’re not foolproof and can be subject to scams.
You can buy a money order from your bank or from any establishment that accepts them, including the post office and grocery stores. The cost and other requirements vary by issuer, so be sure to research these policies before buying one.
Some money orders require a payment amount upfront and will accept credit cards or debit cards, but others only allow cash payments. You should always choose a money order that can be cashed without your signature. This way, if you lose it, you won’t have to go through the hassle of filing a chargeback with your credit card company.
Alternatively, you can also use a money-transfer service like Venmo or Google Wallet to send the money. These services have their own fees, but they’re usually less expensive than a cash advance on your credit card.
When you’re ready to use the money order, simply bring it to the location where you’d like to receive it. You’ll likely have to provide a valid government-issued ID in order to get it endorsed. You’ll also have to pay any associated fees, which can be under $2.
Many people use money orders to pay bills or make routine purchases. But if you’re using them too frequently, you might be better off finding an alternative solution.
You might want to consider opening a basic checking account. It’s a safe and secure way to avoid having to purchase money orders all the time, as they can be pricey and inconvenient.
Another option is to convert your gift card into a PayPal or Venmo cash account. This will work for a number of different situations, including buying items on eBay or Craigslist and using them to pay for things at certain stores.
You can also sell your Visa gift card for cash on sites like eBay or Craigslist. These are a great way to turn a gift card into cash quickly and efficiently, but be sure to keep in mind shipping costs.
3. Sell it on eBay or Craigslist
Gift cards are a great way to give money as gifts, teach your kids about saving and spending money or simply make it easier to buy things without using credit. However, some people may find themselves with a visa gift card that they don’t want to use and wish to know how to turn it into cash.
Fortunately, there are plenty of ways to convert that extra gift card into some real cash. One of the easiest and quickest ways to do so is to sell it on eBay or Craigslist.
When selling a Visa gift card on these sites, it is important to set a reasonable price. This will ensure that you get a fair deal for your card and avoid any potential scams or inflated prices.
You will need to make sure that the card is still in good condition and hasn’t been damaged or used. You should also be able to provide a sales receipt and possibly a proof of purchase, which can help protect you against scams.
Another option is to sell the card online on sites like Cardpool, Raise, or Giftcard Zen. These websites will offer you a price for the card and then pay you via PayPal once it has been purchased.
Some of these websites offer instant payouts, while others will give you the same price as an offline sale. It’s a good idea to check all of these options out to see which one is the best fit for you.
If you do decide to go this route, be careful not to overcharge for the card, or you could end up losing a lot of money. Similarly, it is best to not sell a card that has a significant balance, especially if you do not intend to use the entire value of the card.
Buying discounted or on sale items and then reselling them on eBay, Craigslist, or OfferUp can be a great way to turn your gift card into some cold hard cash. For example, if you had a $100 gift card to TJ MAXX and you purchased a bag for $70, you would make a $20 profit.
4. Sell it on Plastiq
If you have a visa gift card that you no longer want, you can sell it on Plastiq. This is a convenient way to turn your gift card into cash and earn rewards on the transaction. However, there are a few things to keep in mind before selling your gift card on Plastiq.
First, you’ll need to verify your account. This is done by providing your phone number and receiving a verification code via text message. Once you have confirmed your account, you can start making payments.
Once you’ve entered the payment details, Plastiq will send a check to your recipient. You can make this a one-time payment or set up recurring payments. Depending on the recipient’s preferences, you may also be able to schedule a check that arrives in person or by mail.
Another advantage to using a third-party bill payment service like Plastiq is that it can help you earn valuable credit card points and miles on your purchases. It’s a great way to meet the spending requirements for new Mastercard credit cards and achieve high sign-up bonuses.
Besides earning points, Plastiq can also help you avoid paying late fees. Many bills require payments by a specific date, and you can use your credit card to pay these payments on time instead of waiting until they’re due.
It’s important to note that some credit cards do not support payments through third-party bill payment services, so be sure to check with your card issuer before you use this method. Additionally, some credit cards will treat your payments as cash advances, which can lower your overall credit line or cause you to get hit with high interest rates.
While Plastiq allows you to make payments on your behalf, it does charge a 2.9% processing fee for each transaction. Fortunately, Plastiq offers incentives to reduce this fee from time to time.
Ultimately, it’s important to crunch the numbers to see whether or not you think this fee is worth it for you. Especially if you’re trying to earn a sign-up bonus on a new card, the fees may outweigh any rewards or cash back you’re earning on your purchases.