Can You Withdraw Money From a Visa Gift Card?
Visa gift cards are an excellent way to get the perfect present, teach your kids about money management or help you with your own spending.
However, not all merchants accept them. This can be frustrating when you need to pay a bill or make a purchase.
1. Sell it
If you have a visa gift card that you are not using, there are a few ways to get cash from it. These options include selling it, converting it to a credit card, and trading it in.
One of the easiest ways to convert your visa gift card to cash is to sell it online. There are many websites and apps that allow you to do this. However, you should be aware that these sites will usually take a commission fee on top of the value of the card.
Another option is to sell your card to a friend or family member. This is an excellent way to avoid a platform fee and get a good price for your gift card. If you have a large network of friends and family, this can be a great way to make quick cash!
You can also sell it at a kiosk that allows you to exchange gift cards for cash. These kiosks are available at many grocery stores and other retail locations, but they can have minimum dollar amounts for the cards and may charge a fee for the exchange.
The downside to this method is that it can take a while to find someone who will buy your gift card. In addition, you will need to accept a discount on the card’s value in order to convince someone to take the risk of buying it from you.
If you have an extra PayPal or Venmo account in your name, this can be an excellent way to earn cash from your Visa gift card. Then, you can transfer the money into your bank account and use it to cover expenses or even pay for an expensive item.
This is a more time-consuming option than selling it to a friend or family member but can be a good way to get a large sum of cash quickly. You can also try to sell it at a discounted price through online auction sites like eBay or Craigslist.
There are also plenty of reputable sites and apps that will buy your card and resell it for you. These services usually charge a fairly steep fee, though, so it is best to do some research before choosing an app or website.
2. Convert it to a credit card
If you have a Visa gift card, then you may be wondering if you can withdraw money from it. Unfortunately, it’s not possible to convert a gift card to cash without putting the money on your bank account first. However, there are a few different ways that you can make your gift card work for you.
One way is to use it to pay bills. Most billing services will accept Visa gift cards as a payment method for bill payments. This makes it a great option for people who don’t want to pay with their credit card but still need access to cash.
Another option is to sell your gift card online for cash. This can be done with websites like Gift Card Granny or Raise, which allow you to list your card for sale and find a buyer quickly. While this method isn’t necessarily the quickest or most convenient way to get cash from your card, it can be a good solution for people who need extra money in a hurry.
The only downside to this method is that it may take a few days for the money to appear in your account. You can also run into a few issues if you try to add a gift card to Venmo if the card is deemed too risky by the platform.
You can also buy money orders with a Visa gift card and then deposit them into your bank account for a quick way to get cash. This works well if you need quick access to funds, but it can be risky if you’re not careful.
Some stores may also let you trade in your gift cards for credit if you don’t need the cash right away. This is a great way to keep your gift card from sitting around collecting dust or being used for something else that you’re not using.
Some sites offer a fee for converting your gift cards to cash, which can eat into the value of your card quickly. This is why it’s important to do your research before deciding on which site to use. Some of these sites are more reliable than others, so be sure to check out customer reviews and make an informed decision.
3. Trade it in
If you have a Visa gift card and are looking for a way to convert it to cash, there are several options available. Some of these options require a little bit more work than others, but they are all legitimate ways to get cash from a visa gift card.
The first option is to trade it in at a merchant that accepts Visa cards, such as Walmart or Western Union. This is a fairly common practice that works for both physical and virtual gift cards.
Another option is to sell it on sites like eBay or Craigslist. However, it is important to use caution when selling your card this way, as there are scams that can occur on these types of sites. It’s also important to check the balance on your card before selling it to someone else, as this can help to prevent any potential scams from occurring.
You can also sell it on sites like Raise, which is a popular and reliable platform that allows you to list your Visa gift card for sale. Using this method, you can get a lot of cash for your gift card.
This is an excellent option for those who have a large amount of money in their wallet or bank account and are looking to make some extra cash. It may take a little more time and effort to get the cash from your Visa gift card, but it’s worth it in the end as you can usually make a decent profit on this type of deal.
One thing to keep in mind is that you’ll typically be charged a fee by the site when you transfer the gift card to your bank account. This can be up to 3% of the value of your gift card.
The best way to avoid these fees is to find a site that doesn’t charge a fee for gift cards. You can also search for sites that have a high customer satisfaction rating.
Alternatively, you can try to find stores that let you exchange your Visa gift card for cash and then buy items from them with it. This is a pretty unconventional way to make some cash from your Visa gift card, but it can be very rewarding when you find the right store and the right product.
4. Withdraw it from an ATM
A gift card is a great way to access money without having to carry it around with you all the time. But sometimes you just need a little cash to get by, and an ATM is one of the quickest ways to pull out some dough.
A Visa gift card is also the perfect choice for withdrawing from an ATM, since it’s generally accepted everywhere that accepts credit cards. This makes it an excellent option for a variety of reasons, from emergency needs to saving on travel costs or even getting a little spending money.
However, if you do need to use your gift card at an ATM, be sure to read the fine print. Not only will you need to know how much your bank allows you to withdraw each day, but you may also be required to provide a personal identification number (PIN) for security purposes.
In addition, you’ll want to make sure that you don’t exceed your daily limit, which can be found online or on your bank’s mobile app. Otherwise, you could wind up with a huge bill on your credit card account.
As a side note, you can even add a line of credit to your credit card at an ATM, which can be useful for emergencies and even small purchases. Depending on your bank, this can be a lot easier than you might think.
As long as you remember to watch your balance and don’t go overboard with the cash out options, you should be able to turn that gift card into cold hard cash in no time at all. Of course, the best way to do this is to find out what your bank or credit union offers in terms of cash out options and then use that information to get the most bang for your buck.