How Can I Cash in on a Visa Gift Card?
Visa gift cards are a great way to save money and shop online. However, if you need cash in hand, it can be tricky to convert these types of gift cards into actual cash.
While there are a few ways to do this, most involve trading the card in-person. Fortunately, there are also some other ways to get cash from your Visa gift card balance without having to exchange it in-person.
1. Sell it on Raise
If you’re looking to cash in on your Visa gift card, Raise is one of the best ways to do it. You can sell your gift cards on Raise for up to 85% of their face value, and they’ll also take 15% of the price as their fee. This is a pretty hefty fee, so make sure to consider it before selling your Visa gift card on Raise.
Raise is a mobile payment app and e-commerce platform that makes it easy to buy or sell gift cards. They offer both physical and digital eGift cards. They also accept Visa gift cards, as well as Visa debit cards and American Express gift cards.
To use Raise to sell your gift cards, you’ll need to create an account and list them for sale. Then, you’ll receive a payment via PayPal, check, or direct deposit depending on the amount of your gift card.
Another option is to use Prepaid2Cash, a prepaid payment app that allows you to convert your gift card into cash. This is a great way to quickly and easily get money, but you’ll have to pay a 7.5% processing fee and $1.50 for a direct deposit or $2.50 for a mailed check.
This method is a bit more time consuming than the others, but it’s an excellent way to convert your Visa gift card into cash. Plus, you can use the money to purchase another product to flip and start a side hustle.
Finally, if you’re interested in using your Visa gift card as an investment, you can link it to your brokerage account and invest it in stocks, bonds, or funds. This is a good option for people who aren’t in a hurry to access the value of their gift card and want to minimize their risk.
2. Sell it on Facebook Marketplace
Facebook Marketplace is an online platform where people can sell a variety of items, including gift cards. It’s a great way to make some cash in exchange for your unwanted gift card and avoid the hassle of going through eBay.
One of the perks of selling on this site is that it’s free to list your item. However, you may need to pay for ad space or boost your post in order to attract more buyers. If your item isn’t selling well, try reducing the price and adding more photos to it.
The key to selling on this platform is to find a buyer that is willing to pay a decent price for your gift card. This may require some research or asking around your local area to see if you can find someone in your neighborhood that is willing to buy it.
Aside from finding a buyer, there are several things you should consider before completing the sale. First, safety is key. Meet up with the buyer in a safe location and bring a friend along to watch out for any potential scams that might arise.
Second, make sure to take the appropriate pictures and screenshots of the Visa website displaying your gift card’s balance. This will help ensure the sale goes smoothly and protect you from a scam where someone steals your card information.
Finally, make sure to check the seller’s rating and verify that they are legitimate before making a purchase. This is the best way to ensure you get your money’s worth.
There are a few different ways to go about it, but the easiest way to get cash for your gift card is to sell it to someone you know. This will usually result in a fair trade and will likely save you some of the fees associated with selling it on a website.
3. Sell it on eBay
There are several ways to cash in on your Visa gift card, but one of the best is to sell it on eBay. While the process isn’t as quick or convenient as it could be, it’s a great way to get rid of that unwanted card you have collecting dust.
Before you hit the buy button, however, make sure you understand what it is you’re selling. While many websites will offer you a high-pitched price for your card, others may not, or may charge an insertion fee to process your transaction. In addition, you’ll have to abide by their terms and conditions if you want to be in business.
It’s also a good idea to use a service that will show you the most accurate and up-to-date information about your card before you make your final decision. While this may not be a requirement, it can help you avoid getting scammed. The site we recommend, for instance, uses an e-mail notification system to alert you of any updates to the status of your card. It also offers an easy-to-read dashboard with all your gift card info in one place. This makes it easy to spot any potential problems and ensures you’re not stuck with a bad deal or a dead card.
4. Buy a money order
A money order is a popular alternative to cash for people who don’t have a checking account or aren’t comfortable sharing their bank account information. They aren’t always easy to find and can be expensive, but they’re a safe way to send money in the mail.
You can buy a money order at most supermarkets, convenience stores, banks and credit unions. The cost is typically a $2 fee plus the value of the money order. The fee can vary depending on the location and some comparison shopping may help you find a lower one.
When you purchase a money order, you must fill out the details of who it’s intended to go to. Generally, you’ll write in the name of the person or organization receiving the funds (known as the payee), as well as the financial institution that issued the money order. This makes it more difficult for people to cash the money order without your permission, and it also gives the payee added security if it’s lost or stolen.
Once you have a money order, it’s important to save the receipt for proof of purchase and to track the transfer of the funds. This will make it easier to cancel the payment if you don’t want the money order anymore, or if you’d like to receive a refund.
The receipt will usually have a number of steps for you to take in order to cancel the purchase, including showing your ID at the place where you bought it and filling out cancellation paperwork. This process can be time-consuming, and some locations may require a fee for this service.
5. Transfer it to PayPal
If you’re in need of cash, you may have received a gift card from a friend or family member that you no longer want. If so, you can always use it to pay for purchases you make online or in-store.
One option to cash a Visa gift card is to transfer it to PayPal. This is a great way to get your money without having to pay high fees or hassles.
To do this, you will need to link your Visa gift card to your PayPal account. This is simple and easy to do.
You can link your Visa gift card to your PayPal account by going to the Wallet tab on your desktop computer and tapping “Link Card.” Once you’ve linked the card, you will be able to add it as a payment method when you make online purchases through PayPal.
Alternatively, you can sell your gift card for PayPal cash on a website like Card Cash. This site will submit an offer for the gift card based on the merchant and balance of the card. You can then choose whether to accept the offer or not.
Another great way to sell your Visa gift card is to offer it to friends and family members. This can be a very popular way to get cash quickly.
You can also sell your Visa gift card on sites like Raise or Facebook Marketplace, which will allow you to convert the gift cards to cash instantly. These sites will also provide you with a variety of different buyers.