How to Put a Visa Gift Card Into a Bank Account
One of the biggest frustrations for many Visa gift card holders is the inability to put their balances into a bank account. Fortunately, there are several ways to move money from a Visa gift card to a bank account without any fees or complications.
A common way to get cash from a Visa gift card is by using it as a bill payment method. However, this may incur credit card-like transaction fees depending on the merchant.
1. Use Venmo
If you have a visa gift card that you don’t use and want to put it in your bank account, there are several options. One option is to use Venmo, a mobile payment service that accepts Visa, American Express, Discover, and MasterCard prepaid cards.
You can link these prepaid cards to your Venmo account and send money to friends and family. This is a great way to save on fees for transferring money to a bank account.
Another option is to use PayPal, which is a similar service to Venmo. This method can take up to five business days, but you don’t have to pay a fee to transfer your gift card funds to your PayPal account.
This method is also easy to do. You just have to log into your PayPal account, select “Wallet,” and enter the number and security code of your gift card. Then, you can choose “Cash Out” from the balance tab to transfer the money to your bank account.
In addition to being easy, this method is free and can be done within a few minutes. However, it is important to note that you should have adequate funds in your Venmo account to avoid paying any additional fees for transferring your Visa gift card to your bank account.
If you don’t have enough funds to pay the fee, you can sell your gift card for cash on specialized websites or mobile apps, in exchange kiosks, or by purchasing a money order from a local money order store. It is recommended that you set a reasonable price for your gift card, and remember to be cautious when dealing with potential buyers.
2. Transfer to PayPal
Visa gift cards are a popular way to give people money. They’re accepted at stores and restaurants across the world and work just like Visa credit cards.
However, it’s important to remember that they’re not directly transferable into a bank account. This means that you can’t just take the balance out and use it to buy goods. You’ll need to transfer the money to PayPal first, which is a good option because it doesn’t have any fees or lengthy processes.
To transfer your gift card to PayPal, you’ll need to add it as a payment method in your account. You can do this by clicking the “wallet” button at the top of the page and selecting a card or bank from the list.
Once you’ve done that, PayPal will ask you for the relevant details. You’ll then need to click “Link Card” and enter your Visa gift card details.
In addition, you’ll need to make sure that the card is registered so that it has an address linked to it. This should help PayPal accept your gift card without an error.
Another good way to get cash from a gift card is to sell it on an app or website that pays you through direct deposit. You can also buy a money order with the value of your gift card and add it to your bank account.
Finally, you can transfer the balance of your gift card to your PayPal account and then transfer it into your bank account via PayPal. This is a convenient way to convert your Visa gift card to cash and is much quicker than the alternative options. In addition, it’s one of the cheapest ways to do so!
3. Sell to GiftCardBin
Whether you need cash to pay bills, get a hotel room or just want to put a bit of money in your pocket, a Visa gift card is an easy way to do that. You can use it to make purchases online and in-person, pay your bills or even withdraw cash from a prepaid Visa, which is essentially the same thing as a standard Visa debit card.
If you have a lot of unwanted gift cards laying around, it may be worth looking into selling them online. Several websites offer this service, and you can often find one that’s located near you.
GiftCardBin is a gift card exchange website that pays you for your unused, unwanted gift cards. You can visit their website and enter your zip code to see if any of their 600 partner locations are near you.
The site also offers a text-messaging option, so you can swap your card through a mobile phone if you don’t have time to drive to a store. You’ll need a valid state or government-issued photo ID and either a PayPal account, Venmo or Cash App to receive payment.
In addition to its online services, GiftCardBin has partnered with pawn shops and check cashing stores, so you can sell your gift card at these locations as well. While you won’t get anywhere close to the full value of the card, it can still be a quick way to get some cash.
Another option is to sell your gift cards to a cashback app that will resell them to other customers. This is a relatively easy way to get some cash, but you will need to be willing to pay a steep fee.
4. Buy a Money Order
One of the quickest and easiest ways to put a visa gift card into a bank account is to buy a money order. They’re a convenient way to send money, and they also offer more privacy than a check since they don’t contain personal information.
They can also be a convenient alternative to cash for paying bills or making purchases. They’re available from a number of retailers, and you can even buy them online at some sites.
You can find money orders at post offices, grocery stores, and some banks. The cost will depend on where you get them, but they’re usually less than $1.
To purchase a money order, you’ll need a Vanilla Visa gift card. Visit Walmart or another store that accepts them, then present the card to a customer service employee. They’ll hand it back to you, and you’ll take a receipt.
Then, write your name and the amount you want to pay on the money order. You can use this to send money to someone else, or you can deposit it at your local bank.
If you don’t want to mail the money order, you can also get it at Western Union locations. Just like with a check, they’ll give you a receipt and allow you to cash it at a participating Western Union location.
You can also transfer the balance of a visa gift card to your bank account with Venmo, a free mobile payment service. As long as the transfer isn’t blocked by fraud protections, it should be a quick and easy process. The only downside is that it can take up to three business days to reach your bank account.
5. Sell for Cash
Sometimes, you need a little extra cash in your pocket or on your bank account, and the best option is to convert your Visa gift card into actual cash. It can be a great way to pay bills, send a friend money or get yourself some extra cash for an upcoming trip.
Fortunately, there are several ways to put your visa gift card into a bank account for cash. The best way to get a fair price for your gift card is to sell it on a website or app that buys and resells gift cards.
Raise is one such platform that buys and resells gift card balances, but it imposes a 15% fee on your sale. Other sites, such as CardCash, don’t charge a fee and will buy your gift card directly off of you and resell it to other people for a larger amount than the face value.
Another option is to visit a gift card exchange kiosk at your local grocery store or mall. Most of these kiosks will accept Vanilla Visa gift cards, though you’ll need to pay a fee.
If you can find a kiosk that will accept your Visa gift card, this is the quickest and easiest way to convert it into actual cash. However, be sure to read the fine print on the kiosk’s website before you go.
The key to selling a gift card online is to market it well and make it clear that you only want to trade for cash rather than the face value. This will help to ensure that you don’t end up getting ripped off by scammers.
If you have a lot of extra Visa gift cards sitting around, try selling them on a site like Gift Card Granny or Gift Cash. These sites allow you to list your unwanted gift cards and get cash for them quickly.