"Unlock the Secret to Converting Visa Gift Cards to Cash with 12 Proven Tips [2023]"

Have you been flooded with a plethora of Visa gift cards for your birthday or other occasions? Although receiving gift cards can be exciting, having multiple cards can be bothersome, especially when you need money to fulfill your financial requirements. However, nowadays, you have various options available to tackle this problem. You can convert your Visa gift cards into cash or exchange them for something you need, depending on your preference.

Our comprehensive guide offers numerous options that enable you to leverage your gift card balance, so you are sure to find the one that meets your requirements.

The Different Approaches for Converting Visa Gift Cards into Cash

Although you can directly convert Visa gift cards into cash in some scenarios, other alternatives allow you to access your gift card balance indirectly.

So, How Can You Get Cash from a Visa Gift Card?

You can liquidate your Visa gift card in twelve distinct ways, allowing you to choose the option that is best suited for your needs.

1. Add It to PayPal Wallet

One of the most convenient ways to convert Visa gift cards into cash is through PayPal.

In addition to allowing secure online purchases, PayPal enables its users to add prepaid cards to their PayPal wallet, including Visa gift cards. Once you have added your Visa gift card to your PayPal wallet, you can utilize the balance to purchase goods or services from vendors that accept PayPal payments. Alternatively, you can transfer the money to your linked debit account or transfer cash to your family members.

I have even utilized my PayPal balance to pay for an Airbnb through the “Paying for Goods or Services” option.

How to Get Money Off a Visa Gift Card Through PayPal?

To add your Visa gift card to your PayPal wallet, follow these simple steps (on desktop):

• Step 1: Log in to your PayPal account.
• Step 2: Select the “Wallet” tab in the menu bar.
• Step 3: Click on the “Link a Card” option.
• Step 4: Enter your gift card information.
• Step 5: Click on “Link Card.”
• The same instructions apply to mobile users; just select the “Wallet” tab in the dropdown hamburger menu.

While Visa gift cards can be used without any issues at the physical location, it is crucial to register your card to prevent any potential problems when adding it to your online wallet. Registering your card is a simple process that involves contacting customer service at the number provided on your Visa gift card.

2. Add It to Your Venmo Account

With over 78 million users in 2022, Venmo is the go-to platform for millennials.

Venmo doesn't charge any or only minimal fees (depending on the type of transaction), allowing its users to convert their Visa gift cards into cash. You only have to add the Visa gift card to your Venmo account and transfer the funds to your bank account. The money will usually reach your bank account within one to three business days, and there are no fees for this type of transaction.

To set up the transfer of your Visa gift card balance to your Venmo account, follow these simple steps:

To begin, access your Venmo mobile app. Open the menu bar, find “Settings,” and select it. In the “Settings” menu, pick “Payment Methods.” Next, click on “Add a Bank or Card.” Provide your card’s information and press “add card to your account.”

3. Settle bills with your Visa gift card

It should be possible to pay your bills using a Visa gift card if your service provider accepts Visa credit cards. That said, online forums have highlighted issues reported by some individuals when attempting to pay using a gift card. It is best to reach out to the customer service department for assistance to successfully process the payment.

When a user contacted AT&T’s community forum, the company confirmed that paying your bill via a Visa gift card should not be an issue. 

If you are using your gift card to buy gas, be aware that gas stations typically pre-authorize a credit card. The same will happen with your Visa gift card. If the balance on your gift card is insufficient to cover its value and that of the gas, you will face issues. To avoid this, enter the gas station and inform the cashier that you will pay with a Visa gift card and indicate the amount of gas you want to purchase.

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4. Get a money order with your Visa gift card

Western Union and Walmart are among the outlets that allow customers to buy money orders using a Visa gift card. As money orders are comparable to checks, you can later deposit them into your checking or savings account. When depositing with a teller, all you need to do is endorse the back of the money order, provide some identification, and hand it over. Chase, Citibank, TD Bank, and Alliant Credit Union are some institutions that allow their clients to deposit money orders electronically through their mobile banking apps.

5. Sell your Visa gift cards using an app

Online apps provide an easy way to dispose of unwanted gift cards. Raise is a well-regarded choice, offering to purchase gift cards for up to 85% of their value. However, at the time of writing, Raise had partnered with Prepaid2Cash for the sale of Visa gift cards. Nevertheless, you can still dispose of Visa gift cards using the Prepaid2Cash app, which is available for both Android and iOS.

Are you holding onto a Visa gift card that you won't use anytime soon? If so, there are several options available to you that can turn that piece of plastic into cash. Consider the following methods to convert your Visa gift card into cash:

• 1. Use Prepaid2Cash to Earn More Cash

• You might consider using Prepaid2Cash instead of Raise to sell your Visa gift cards since they pay out up to 92% of the card's balance compared to Raise's 85%.

• 2. Convert Your Visa Gift Card into Cash on CardCash

You can swap your Visa gift cards for cash using the CardCash website or application. CardCash differs from Raise as they buy gift cards directly from you, so you don't have to worry about waiting for someone to buy the gift card before obtaining the cash. Card Cash is also known to pay up to 92% of your gift card's value.

3. Explore More Options

While Gift Card Granny used to offer an option for selling gift cards on their website, they no longer provide this feature. You can try selling your Visa gift card to someone you know, on Facebook Marketplace, Kijiji, Varagsale, Craigslist, or other online marketplaces. Selling to strangers or online could entail some risks, so expect to receive less than the card’s value and do so with caution.

4. Regift Your Visa Gift Cards

If you’ve received a Visa gift card but don't want it, don't let it collect dust. Regifting is always an option you can consider. By redirecting it to someone who’ll appreciate it, the visa gift card won't go to waste, and you can save yourself a trip to the store.

5. Find a GiftCardBin Partner Location to Sell

Another option is locating a GiftCardBin partner location near you. With over 600 partner locations across the US, you can sell your unwanted gift cards and get quick cash.

Find the closest location for Visa gift card redemption by entering your city, state, or zip code on their website. Payouts for these cards depend on the merchant, amount on the card, and various other factors, typically ranging from 60-70%.

One popular way to make extra money is through reselling items for profit. You can make a quick buck by purchasing items from liquidation sections of stores or thrift shops. Before making a purchase, make sure to do an eBay search to determine the average selling price of the item and account for transaction costs and shipping fees.

If you need cash quickly, selling your Visa gift card to a pawn shop may not be the most lucrative option, as you may only receive up to 50% of the card's value.

For those who love to travel, you can convert your Visa gift cards into United Mileage Plus miles. While this process may take a few extra steps if your gift card has an expiration date, purchasing other types of accepted gift cards with your Visa gift card can work in your favor. United Mileage Plus accepts gift cards from a variety of stores, including Target, Walmart, American Eagle, Best Buy, Starbucks, Pottery Barn, and many more.

You have a few options to transfer funds from a Visa gift card to a debit card. You can use PayPal or Venmo to transfer funds, obtain a money order and deposit it into your bank account, or sell your gift card to a reseller like Raise or GiftCardBin.

Some banks, like TIB, allow for cash withdrawals with a PIN assigned to Visa-branded gift cards. However, most Visa gift cards cannot be used at ATMs due to security reasons.

While Walmart does not allow for Visa gift card exchanges, you can purchase items to resell or obtain a money order from the store.

While Visa gift cards offer flexibility in their use, sometimes you may need cash in hand. These suggestions provide you with options to transfer or exchange your Visa gift cards and obtain cash.