Can you get cash from a Visa gift card? Yes, it’s possible! Actually, there’s more than one way to do it but not each one of them is easy or quick. Some methods are straightforward, like the Visa gift card ATM withdrawal, while others require a bit more creativity, such as purchasing items with the card and reselling them for cash.
In this blog, we’ll introduce you with the most effective method to transfer money from visa gift card to bank account using the Tbay mobile app. It will not only be super fast but also takes very little time and effort. You will be able to turn Visa gift card to cash using your mobile phone in a matter of minutes. But, before we get into the details about Tbay, our gift card trading site, let us start with other popular methods and their limitations.
1) How to Get Cash from a Visa Gift Card Using an ATM?
In some cases, Visa gift cards can work similarly to Visa debit cards and allow for ATM cash withdrawals. All you have to do is go to a nearby machine and enter the PIN to get cash from your Visa gift card.
Limitations:
- Only certain Visa gift cards permit ATM withdrawals. You can review the terms and conditions of your specific Visa gift card to check if you can get money off of it or not. This information is usually available on the card issuer’s website or on the back of the card itself.
- One important thing to remember when withdrawing cash is it may incur possible fees. ATM fees may vary based on the specific ATM and the card issuer, and these fees can reduce the amount of cash you actually receive.
2) Buy Items and Resell Them to Cash Out a Visa Gift Card
Another way to cash out a visa gift card is by linking it to a payment app, like PayPal or Venmo, which may allow you to transfer funds to your bank account. Here’s a quick guide:
Add your Visa gift card to your PayPal or Venmo Account: In PayPal, go to "Wallet," and in Venmo, go to "Settings." Add your gift card as you would with any other debit or credit card.
Transfer to Your Bank: Once linked, you can use your gift card balance to send money to yourself. Alternatively, use PayPal’s transfer function to withdraw to your bank directly if supported.
Withdraw Cash: Finally, once the funds are in your bank, you can withdraw cash at an ATM or use it as desired.
Limitations:
This process involves a couple of steps and takes time and It can feel like a hassle for some people.
3) Link Visa Gift Card to Paypal or Venmo
Another way to cash out a visa gift card is by linking it to a payment app, like PayPal or Venmo, which may allow you to transfer funds to your bank account. Here’s a quick guide:
- Add the Gift Card to Your PayPal or Venmo Account: In PayPal, go to "Wallet," and in Venmo, go to "Settings." Add your Visa gift card as you would with any other debit or credit card.
- Transfer to Your Bank: Once linked, you can use your gift card balance to send money to yourself. Alternatively, use PayPal’s transfer function to withdraw to your bank directly if supported.
- Withdraw Cash: Finally, once the funds are in your bank, you can withdraw cash at an ATM or use it as desired.
Limitations: This process involves a couple of steps and takes time and It can feel like a hassle for some people.
4) Buy a Money Order and Deposit it
If you're looking for a reliable way to transfer money from a Visa gift card to your bank account, purchasing a money order can be an effective solution. You can visit a post office, Walmart, or grocery store that sells money orders and use your Visa gift card to buy one for the available balance. Once that is done, you can treat the money order like a check, endorse it and deposit it into your bank account.
Limitations:
- Some retailers only accept debit/credit cards or cash for money orders, so you might have to call ahead and confirm.
- Money orders typically cost slightly which may end up reducing your total cash amount.
- Unlike instant transfers, deposits may take 1–2 business days to clear.
5) Convert into Crypto and Sell for Cash
If you're looking for a modern way to turn Visa gift cards into cash, cryptocurrency offers a flexible solution. This method works by using your Visa gift card to purchase digital currencies like Bitcoin, which you can then sell for instant cash.
First, find a peer-to-peer (P2P) crypto marketplace that accepts Visa gift cards as payment. You can simply create an account, select a reputable seller, and use your Visa gift card balance to complete the transaction. Once the crypto is in your wallet, you can sell it on the same platform or transfer it to a crypto exchange to cash out directly to your bank account.
Limitations:
- Crypto transaction speeds can vary, some crypto transfers settle within minutes, while others may take longer depending on network congestion.
- Additionally, cryptocurrency prices fluctuate, so the final cash amount you receive might differ slightly from the initial gift card value. Also, you must always be cautious of scams and trade with verified sellers and avoid deals that seem too good to be true.
6) Buy & Return Items for Store Credit
If you're wondering how to get money off a Visa gift card, one clever strategy is purchasing items from major retailers and then returning them for store credit or cash. This method works best with stores that offer flexible return policies, such as Walmart, Target, or Amazon. Here’s how it works in practice:
Many store-issued gift cards (like Walmart or Amazon) are nearly as good as cash since they can be used for essentials or resold online. However, this method requires careful planning. always check the store’s return policy beforehand, as some may deny cash refunds for gift card purchases. Also, avoid frequent returns to the same location, as retailers sometimes flag excessive activity.
7) Sell to a Trusted Friend
One of the simplest ways to get cash from your Visa gift card is by selling it to someone you trust. This method cuts out middlemen, fees, and complicated processes, just a straightforward exchange between you and someone who can use the card.
The biggest advantage of this method is that there are no fees, no waiting, and no risk of scams. But the limitation is you might not always be able to find a buyer for Visa gift cards among your family and friends. If that is the case, next point is going to be the best option for you. Keep reading!
8) How to Get Cash from a Visa Gift Card Using Tbay?
One of the best methods is to sell Visa gift cards for cash on Tbay.
- Start by downloading the Tbay Android app or Tbay iOS App on your mobile device. If you're new to Tbay, sign up for an account. Tbay is designed for ease of use, so you’ll be up and running in no time.
- Once logged in, navigate to the gift card trading section and select “Visa Gift Card.” You can select either an offer listed by the vendors or select Fast Transaction to deal directly with Tbay.
- Provide the details of your Visa gift card, including the card number and any required verification information.
- Review the transaction details, confirm the amount, and submit. Tbay will process the transaction and complete it swiftly.
Why is Tbay a Top Choice to Cash Out a Visa Gift Card?
High Rates: Tbay consistently offers competitive rates for Visa gift cards which means you get the most value out of your card.
Fast Processing: Unlike other methods that involve longer wait times, Tbay completes transactions quickly so you can access your cash faster.
User Rewards: New users and returning customers on Tbay can also benefit from promotional bonuses and rewards. This means you always have a chance to make extra cash with Tbay.
Therefore, using Tbay is the ultimate answer to how to transfer money from a Visa gift card to a bank account. It is a hassle-free way to enjoy a seamless transaction and get the cash you need without complicated processes.
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