My cousin recently received a Binance gift card from her boss. However, she didn’t know what exactly to do with it, so she called me. I told her she could...
A Visa gift card is an open-loop gift card, meaning you can use it anywhere that accepts Visa as a payment method. With a Visa gift card in hand, you basically have cash. This is because you can use the card in place of cash to pay for various things.Â
I remember when I wanted to send my younger cousin a gift card. I asked what gift card brand she would prefer, however, she kindly requested a Visa gift card. I told her her choice was top-notch because that gift card would offer her a lot of flexibility.Â
Now, what if you need actual cash from your Visa gift card? That’s where things can get tricky. In this article, I’ll walk you through seven simple ways you can get cash from your Visa gift card. Whether you’re looking to use it for bills, transfers, or just prefer cash in hand, I’ve got you covered.
Let’s get right into it!
Top 7 Ways to Get Money from Visa Gift Cards
If you want to get money from your Visa gift card, you can use the card as cash or convert it to cash. There are different methods you can use to achieve any of the two.
Below are seven ways you can get money from your Visa gift card in 2024:
- Withdraw from an ATM
- Sell the gift card
- Buy money orders with the card
- Pay bills with the card
- Make purchases with the card
- Buy items with the card and resellÂ
- Add the card to Venmo or PayPal
Now, it’s time to explore these different ways one after the other.Â
1. Withdraw from an ATM
One way you can get cash from a Visa gift card is to visit an accredited ATM. You can use some Visa gift cards to withdraw cash from an ATM, but first, check if your card allows this. Look for a PIN that you can use at the ATM.Â
Once you have it, just head to an ATM, put in the card, and withdraw like you would with a regular debit card. Keep in mind that there are fees for this transaction, but at least, you would have cash in hand.Â
2. Sell the Gift Card
If you don’t need the card but want cash you can sell it. There are different ways you can go about selling your Visa gift card.Â
You can decide to sell the card to a friend, relative, or colleague who might be interested. You can also list it on online marketplaces like eBay or find a willing buyer via social media.Â
If you don’t want to go through all that stress, the best way is to sell the gift card on reputable gift card trading platforms like Nosh. With Nosh you enjoy high rates and instant payouts, making it very convenient to get cash from your Visa gift card.Â
3. Buy Money Orders
Some stores, like Walmart, allow you to use your Visa gift card to buy money orders. You can also purchase money orders from Western Union or the United States Postal Service.Â
When you get the money order, you can deposit it into your bank account or cash it at a check-cashing service. Once this process is done, you’ll have cash from your Visa gift card. Just be sure to ask if the store accepts gift cards for money orders before trying.
4. Pay Bills with the Gift Card
This method doesn’t exactly turn your Visa gift card into cash, but it lets you use your gift card like you would actual cash.Â
You can use your Visa gift card to pay for things like electricity bills, phone bills, or cable services. If your service provider accepts Visa payments, just enter your card details like you would with any debit or credit card. This helps free up cash you’d normally use for bill payments.Â
5. Make Purchases with the Card
Of course, you can always use your Visa gift card to pay for gas, groceries at a store, food at a restaurant, or even for online shopping. Just treat it like you would treat cash or any other payment method. This won’t get you actual cash, but it can save you from spending your physical cash.
6. Buy Items with the Card and Resell
Another way to get cash from your Visa gift card is by buying items with it, and then reselling them. This means you would use the funds in the gift card as capital.Â
For example, you could buy electronics, clothing, or gift cards at a discount using the gift card and then sell them. You can resell the items you bought at a higher price on platforms like eBay, Craigslist, or Facebook Marketplace. It is quite a long process but you get to make actual cash from the gift card.Â
7. Add the Card to PayPal or Venmo
You can link your Visa gift card to PayPal or Venmo and transfer the balance to your bank account. Just add the card to your account, choose it as your payment method, then send the balance to yourself or a trusted friend, and cash it out. This process might take a day or two, but it’s a quick and easy way to get cash from your gift card.Â
Frequently Asked Questions About Getting Cash from Visa Gift Card
1. Can a Visa gift card be converted to cash?
Yes, a Visa gift card can be converted to cash in several ways. You can sell the card, use it to buy a money order or withdraw cash from an ATM if your card allows it. These options can help you turn your gift card into actual cash.
2. Can you transfer a Visa gift card to your bank account?
Yes, you can transfer a Visa gift card balance to your bank account, but it’s not a direct process. You can add the card to PayPal or Venmo, and then transfer the funds to your bank. Another option is to use the card to buy a money order, which you can deposit into your account.
3. How can I get cash from a Visa gift card?
To get cash from a Visa gift card, follow any of the methods listed in this article. You could withdraw from an ATM, sell the gift card, buy a money order, pay bills with the card, purchase items with the card or add it to PayPal or Venmo. You can also use the card for purchases and resell the items for cash.
4. How can I transfer money from a Visa gift card to PayPal?
You can’t directly transfer money from a Visa gift card to a PayPal account but you can work around it by adding the card to your account as a payment method. You can then send the balance to yourself or a trusted friend and transfer the funds to your bank account from there.
Conclusion
In this article, we’ve covered seven practical ways to turn your Visa gift card into cash. Each method offers a unique way to use your gift card as cash or get real money from it.
If you’re looking for the easiest way to convert your Visa gift card into cash, trading it on Nosh is a great option. Nosh offers high rates, fast payouts, and a smooth process, making it a reliable platform for converting your gift cards into cash quickly. Sign up on the Nosh platform now to get trading.Â