A Visa gift card is one of the most special and exciting gift that you can gift to someone that you love. And the reasons is because these Visa gift cards like most other gift cards, are an item of value which can be used to make purchases or even be converted to cash.
They are a monetary item and as such, they are valuable. As someone that has been gifted a Visa gift card, one of the things that you might have in mind is knowing how to get cash from a Visa gift card.
However, in this article, we will be sharing with you every information that you need to know about how to withdraw cash from a Visa gift card. This is will include explaining what it means to get a cash from a gift card, requirements of getting a cash from a gift card as well as answers to lot of questions that you might have regarding how this can be done. So without boring you with much stories, let us see what is a visa gift card.
What Is Visa Gift Card?
Before we talk about how to get cash off Visa card, let’s first of all understand what Visa gift card is all about.
A visa gift card is a kind of prepaid card or gift certificate which is issued by Visa, and can be used for purchases at any place in the world that accepts Visa debit cards. The Visa gift card, like most other type of gift cards, is an item of an intrinsic value. However, unlike physical cash, they need to be redeemed before they are used.
What Does It Mean To Get Cash From A Gift Card?
Turning a gift card into cash or, getting cash from a gift card, most often mean the same thing. In both of them, there is an exchange or conversion of a gift into cash. And to do this, a gift card vendor is most often needed as they are the ones that will give the cash in exchange for the gift card; be it physical cash, bank transfer, cryptocurrency or any form of payment that you both agree on.
Can You Turn A Visa Gift Card Into Cash?
Yes, as I had stated earlier, gift cards can be turned or converted into cash. And a Visa gift card is not exempted from this, as they can also be converted into cash as well. So stay tuned here and learn how to get cash off Visa gift card.
Requirements Of Getting A Cash From A Visa Gift Card
Before we talk about how to get cash from a Visa gift card, let’s first of all know the requirements you should meet.
Just like every other gift card, there are also requirements to getting cash from a Visa gift card. Below are a few requirements of getting a cash from a Visa gift card.
1. Have A valid Visa Gift Card
Having a valid Visa gift card is one of the key requirements of getting cash from a Visa gift card. That is, your Visa gift card must be valid in order for the conversion to be successful be it you are converting it to cash at an ATM, through a Visa gift card vendor or through any other place through which it will be accepted.
2. The PIN and The Number of The Visa Gift Card Should Be Visible
Having a visible number and PIN of your Visa gift card is one of the key requirements to converting it into cash. It is one of the first few things which the Visa gift card will look at before they even proceed to converting the Visa gift card to cash.
How To Get Cash From A Visa Gift Card
As I had stated earlier, you can actually get cash from a gift card. However, this can not be done directly like you might think and it is not that easy and simple either. Below are a few ways on how to get cash from a Visa gift card.
1. Use It To Make Purchase At A Store
As I had stated earlier, there are lot of stores available that will let you make purchases using your Visa gift card. Infact any merchant that accepts Visa debit card,can accept Visa gift card. This is an ideal way to make payments especially if you had the physical cash payment option. As you can then only pay using the Visa gift card.
2. Buy Money Orders
Money order is a kind of Check which is issued by a final financial institution, and can be used to receive money on request. Just the way Checks are used to withdraw money on request.
Money orders are a great way to get cash from a Visa gift card. In this way, you use your Visa gift card to purchase a money order. A lot of retail stores accept this as a means of payments and so, you will have a high number of stores to do this with. However, most times while using this, you may be charged for tax.
3. Use It As An Emergency Disposal Option
Another way to get cash from the Visa gift card is to simply use it as an emergency disposal option. In this way, you can make use of it on Paytech (payment technology) platforms such as PayPal as a payment method after making a purchase at a store.
4. Sell The Gift Card
The most popular way to get cash from your Visa card is through selling it. Unlike most others, this gives you an instant cash. Although most times, you might not get paid at the best rate. However this will depend on the Visa gift card vendor that you want to be going for. All you have to do here is to find trusted platforms to sell your Visa gift card. Alternatively, you can even sell or swap it with your friends, in exchange for cash or other valuable items.
How Do I Transfer A Visa Gift Card To PayPal?
As I had stated earlier, you can transfer a Visa gift card to PayPal and then use it to make purchases or whatever you find interesting.
To do this, you will need to add or link the Visa gift card to your PayPal. Below are a few steps on how to transfer a Visa gift card to PayPal.
- Log in to your PayPal account.
- Navigate to the wallet section.
- Click on “Link card”.
- Click on “Link a card manually”.
- Enter the information of your Visa gift card.
- Click on “Link card”
You can then go ahead to make purchases.
Which Store Can I Use My Visa Gift Card At?
Having known how to get cash from Visa gift card, let’s now see where you can use your Visa gift cards. Knowing which store you can use the Visa gift card at is very important if you want to get cash for the Visa gift card. Below are a few stores that you can use the Visa gift card –
Frequently Asked Questions
Am I Getting Cash If I Transfer From My Visa Gift Card To PayPal?
Yes, you are going to get cash if your transfer from your gift card to your PayPal. However, this cash is not going to be a physical cash, rather it will be a top-up of your PayPal balance.
Am I Getting Cash If I Transfer From My Visa Gift Card To Bank Account?
Yes, you are going to get cash if your transfer from your gift card to your bank account. However, unlike using a vendor, this cash is not going to be a physical, rather it will be a top-up of your bank account balance.
Can You Take Money Off A Visa Gift Card At An ATM?
Yes, you can take money off a Visa gift card at an ATM. Any ATM with the Pulse, Plus, NYCE, or Star logos allows for the bank customer to withdraw money using their Visa gift card.
Can You Transfer Visa Gift Card To Venmo?
Yes, like PayPal, you can also transfer Visa gift card to Venmo. The financial platform allows for all sorts of prepaid cards from American express, MasterCard, Discover and even Visa
How Hard Is It To Exchange $500 Visa Gift Card Back With Cash?
Exchanging a $500 Visa gift card is not hard. You can simply do it using any of the simply ways I provided on how to get cash from a Visa gift card.
Conclusion
During a conversion of a Visa gift card to cash, it is important to note that some taxes may follow depending on how it is done.
Also,converting a Visa gift card to cash is one of the simplest things that you can do. In this article, I have told you everything that you need to know about how to get cash from a Visa gift card as well as a lot of other information.
