Unlock the Secret to Transferring Gift Cards to PayPal!

Unleash the potential of that neglected gift card by transferring its value to your PayPal account! Not only will you bolster your balance, but you’ll open up a world of spending opportunities. But how does one go about making this shift? Let’s dive into the basics so you can make the move with confidence:

• Which gift cards are compatible with PayPal?
• What’s the proper transfer procedure?
• Are there any potential hazards?

This comprehensive guide will show you the ins and outs of transferring gift card funds to PayPal the right way. We’ll also explore solutions for those tough-to-use gift cards and how they can be utilized online.

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Which Gift Cards Work With PayPal?

PayPal features flexible payment options, and adding a gift or prepaid card to your preferred payment methods is one of them. However, only gift cards from major retailers are eligible as of 2022:

• Visa
• Mastercard
• American Express (AMEX) 
• Discover

These credit card companies offer multi-function gift cards valid at multiple stores. You can use these cards for straightforward transactions like paying bills or withdrawing cash, given that there are enough funds in the account. Since these cards fall in line with PayPal’s policies, they can be utilized as regular credit or debit cards for most transactions.

Which Gift Cards Won’t Work on PayPal?

Gift cards obtained from any vendor apart from the four mentioned above (Visa, Mastercard, AMEX, and Discover) cannot be added to PayPal. This includes cards particular to one store or chain, commonly referred to as closed-loop cards, which limit spending choices.

CardMapr Unveils Comprehensive Guide on Transferring Gift Card Balances to PayPal

How to Link Your Gift Card to Your PayPal Account

If you have a gift card and want to use its funds to shop or transfer money through PayPal, you must first link the card to your account. Rest assured, the process is straightforward, just follow these simple steps:

Log in to your PayPal account.

Locate and click on the Wallet button.

Choose Link a Debit or Credit Card option.

Input your gift card details.

Click Link Card.

Note that certain gift card types may not link to your PayPal account automatically. This typically happens with holiday gift cards that lack personal identification. In these cases, reach out to the vendor to activate the card and provide the necessary personal information matching your PayPal account, and then try to link the card again.

Can I Use Gift Cards to Pay for Subscription Services on PayPal?

Once you link your gift card to your PayPal account, you can use it to pay for any good or service on the platform or send money to other users. However, gift cards cannot support recurring payments for subscription services, which require a consistent bank account or credit card backup.

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Are You Wondering What to Do with Your Unused Gift Cards?

If you're tired of dealing with unused gift cards, you're not alone. Studies show that 51% of adults in the U.S. have around $15.3 billion worth of gift cards sitting idle. Sometimes these cards expire, or stores go out of business, leaving them unusable.

PayPal only accepts gift cards from selected big vendors, but what about your other store-issued reward cards? With Mode Earn, you can convert your unused gift cards into PayPal cash, so they never go to waste again. Say goodbye to the frustration of unused gift cards and start earning rewards with Mode Earn today!

The lamentable truth is that unused gift cards have become an instrument of deceit employed by swindlers. Numerous websites claim to offer circular ways to convert your gifted value into PayPal cash, but you should be cautious of these sites.

How to Identify Scammers

Be cautious of fraudulent offers that ask for sensitive financial information, such as phony PayPal gift card conversion or balance checking. Every shopper should be aware of the four P's of a scam, which are outlined below:

• The Four P's of a Scam (Warning Signs)
• How Scammers Deceive
• Pretend
• Deceiving you by pretending to represent a trusted organization (in this case, PayPal) and enticing you to share sensitive financial information like gift card numbers and security PIN codes.
• Problem (or a prize)
• Presenting you with a problem, such as your gift card being disabled if you refuse to divulge the PIN code immediately or tempting you by offering to win a prize or a lucky draw if you submit your gift card number.
• Pressure
• Pressuring you to act immediately, leading you to panic and share your gift card details.
• Pay
• Asking you to pay by sharing the numbers on the gift card.

Can’t Convert Gift Cards into PayPal Balance? Don’t Lose Hope!

The optimal way to utilize gift cards is to use them towards their intended purpose. This is not an issue if your gift card is from a recognized store such as eBay, Walmart, and Target. Simply select your preferred item and redeem the card at checkout.

However, if you are stuck with gift cards that do not serve your purpose, do not despair. You do not have to let them go to waste. You can easily liquidate them on dedicated sites such as Gameflip or GiftCash and auction or barter your gift card stash!

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Featured image source: Jernej Furman