Do you wish to wish to convert your gift cards into money, but are not too sure how to get it done? Follow this simple guide to learn how to turn your gift cards at reasonable rates!
Imagine someone ordered one of the best-selling gift cards on Amazon and presented it to you as a gift for an important event or a special day in your life. You appreciate their kind gesture, but you would have liked it better if they gave you cash instead.
It happens now and then, even to the best of us, there are just times when we need cash more than anything. If we possess credit on our gift cards in times like these, we would appreciate being able to convert these gift cards into cash that we can touch.
Now, if you’d like to convert your gift cards into cash but don’t know how to go about it, you have two choices: either you spend your gift cards as they are or learn how to turn gift cards into cash. Knowing how to turn gift cards into cash isn’t as hard as some may think. You just need to gain useful knowledge on how to go about it.
Some Valid Reasons to Know How to Convert Gift Cards into Cash
1.) There’s no pressing need to solve with your gift card balance.
This is one of the reasons why it’s useful knowledge to know how to turn gift cards into cash. Sometimes you just don’t need these gift cards like you need actual cash!
2.) There is an urgent need to convert your gift cards into cash:
Short of cash, an emergency, an unforeseen expense, or an event? I know situations like that happen from time to time, even to the best of us. At times like these, knowing how to turn gift cards into cash is super helpful.
3.) You own many gift cards already:
This is a situation that some of us have found ourselves in, especially those who take surveys and other money-making offers from panels like Survey Junkie, Toluna, Ipsos, Nielsen, and the likes. Even if gift cards are the only payment option available on these panels, you wouldn’t have to worry if you know how to convert gift cards into cash.
The methods provided in this post have a wide range of applications. It doesn’t matter how you got your gift cards; one of these methods will work for you. So, if you want to know how to convert that Mastercard, Visa, or Amazon gift card into cash or money, you are on the right page.
Now, how do you turn your gift card into cash?
There is no clear-cut way of converting your Visa gift card into cash because you cannot use it in that manner.
Is this to say that all hope is lost, and you are stuck with the Visa gift card that you were gifted?
No, not at all. What is the point of this blog post if that was a dead-end? Pointless, I’d say.
Alright. Since we’ve gotten that out of the way, it’s time to show you how to turn your Amazon gift card into cash.
How to Turn Gift Cards into Cash
Sell on 3rd Party Sites
List on Classifieds & eCommerce Sites
Although you can sell your gift cards at competitive rates this way, I would advise that you offer some kind of discount to make sales faster if you can afford to.
Sell to Friends & Family
We all like juicy stuff and offers, right? So, if you need to let go of your gift cards, don’t be too shy to ask a friend or family if they want to buy.
Buy and Resell Products
Buy and Resell on Marketplaces
Order Products for People
Getting a buyer first saves you the headache of not knowing whether what you wish to order will sell fast. You take away guesses and uncertainties and get some cool cash for yourself in the process. It’s a win-win! Just ask your friends and family members if they have something they wish to order, order for them, and get paid in cash. Make sure you get your money before handing over the products. It’s just a piece of friendly advice.
Buy Money Orders
If there’s cash you wish to convert into your Mastercard or VISA gift card, go to the Post Office and purchase a U.S. Postal Money Order. Endorse the postal money order to yourself, and then proceed to deposit it as cash at your bank.
Alternatively, you can exchange this for cash at most Post Offices, assuming they have enough money on hand to cover it. A postal money order for up to $500 only costs $1.25.
You can deposit these money orders into your bank account just as you would deposit cash. Be careful with this option though too frequent money order deposits may flag your account, or worse, it can lead to the bank closing your account.
Pay Bills With Your Gift Cards
Having a gift card you can spend to pay your bills is an added advantage since you have to pay your bills anyway. Start making use of those open-loop gift cards that you have gift cards lying around to settle some expenses.
You can pay your bills with your Visa gift cards or Master gift cards. Gift cards issued by Visa or Mastercard are open-loop gift cards. These cards can be used at most merchant stores that accept Visa or Mastercard credit, prepaid, or gift cards. The next time you have a bill to pay, use your gift card.
Pay Your Invoice with Gift Card on PayPal
Now, go ahead and pay the invoice with the gift card that you want to convert to cash. You can always withdraw your PayPal funds to your linked bank account.
Add Your Gift Card Balance to Venmo
Here is how to transfer a Visa gift card to your Venmo account:
Login to your Venmo account.
The second step is to click on the settings button.
The third step is to click on the payment method.
The fourth step is to click on add bank or card.
Enter Visa card details to add the card to your account.
Once you’ve added your gift card to your Venmo account, you can transfer the funds to your bank account or just use it in your Venmo wallet.
Make extra cash from surveys!
Survey Junkie (US Only!)
Mobile Xpression ( US only!)
Zen Surveys (US, UK, AU, DE, AT, CA)
Can You Turn A Visa Gift Card Into Cash?
Can You Get Money From Selling Your Gift Cards?
How Do I Turn My Vanilla Visa Gift Card Into Cash?
Can I Sell A Visa Gift Card To Other People?
How to Get Cash from a Gift Card?
How to Get Money Off Your Gift Card?
Can you get money from selling your gift cards?
Can you withdraw money from the ATM with a gift card?
There you have it! Those are some creative ways you can convert your gift cards into cash. I hope you’ve found some practical tips you can put to use.
Till next time…