While there is nothing wrong with a Visa gift card, you may want to redeem it for cash at some point.
Visa gifts can be versatile, but in some cases, they may not be usable. At times like these, you will want cash.
Fortunately, there are many solutions on how to dispose of Visa gift cards. Find the option that is convenient for you and go to it. However, before we get to the question of how to liquidate Visa gift cards, let’s first understand what liquidation means so that we are all on the same page.
What Is Liquidation?
The process of eliminating something means that you are turning it into some form of money. While gift cards are close to cash, they don’t offer the same freedom as cash. When you liquidate your cards, you get money for them, which, in turn, can be used for any purpose.
Now that we’ve covered this topic let’s look at how to dispose of Visa gift cards.
#1: Add It To Your Venmo Wallet
One of the easiest ways to quickly turn this Visa gift card into cash is to add it to your Venmo wallet.
We’ve written several articles on Venmo and how to use it, so if you’re new to the website, you can get all the information you need quickly.
Once you have created an account on the site, all you have to do is go to the option that will allow you to add a gift card.
Once you have entered all your visa information, it will now be in your Venmo wallet and can be used for your purchases.
If you have any problems redeeming your Visa Gift Cards, don’t worry. Just contact Venmo support, and they will help you solve any problem you might have. Shortly you will be able to buy everything you dreamed of.
Venmo is a great choice for redeeming Visa gift cards as you can quickly transfer money to your bank account as well.
There is no commission for this transfer unless you choose an instant transfer. If you can wait, the money will be credited to your account in about 1-3 business days.
#2: Add It To Your PayPal Wallet
The following solution for eliminating Visa gift cards is to use another online wallet service, PayPal. PayPal was founded back in 1998 and is one of the leading websites for online payments.
PayPal is easy to use; however, if you still need help, there is a lot of information on our site to help you.
To liquidate your card with PayPal, you will click your wallet at the top of the page and then link your card. Once you have registered all the required information, click on “Add Card,” and you are ready to use it.
When it comes to answering liquid Visa gift cards, PayPal makes the decision extremely simple. In four easy steps, you can put money into your wallet and use it.
Likewise with Venmo, if you get any error messages or have problems linking your card, you can contact PayPal support, and they will help solve everything for you.
#3: Gift Card Exchange Kiosks
If you don’t have Venmo or Paypal but still want to figure out how to redeem Visa gift cards, there are a few more things you can do. Many shopping centres have kiosks inside where gift cards can be exchanged.
Some of these kiosks require you to enter information manually, but in most cases, all you must do is swipe the screen, and it will get all the information it needs. Once you have done this, you have a variety of options to choose from.
You can convert your gift card to other cards. However, it would help if you had cash.
Consider the suggestions they have, and if you see something you like, accept it. The voucher will be printed, and all you have to do is take it to the customer support team next to which the kiosk is located.
Please note that you may not always get the total amount of money back to your card when exchanging a gift card.
While gift cards from larger retail stores may get close to the original amount, you will struggle with smaller niche stores to get your desired amount.
However, this is fine since you don’t have to accept any suggestions that you don’t like. Exchanging gift cards is extremely handy when figuring out how to eliminate gift cards and works great as an alternative to Venmo or PayPal.
#4: Sell the Gift Card Online
This works similarly to gift card exchange kiosks, but instead of selling them to a vending machine, you will sell them on a website.
There are websites like CardCash that will validate your gift card and then buy it for you for a predetermined amount. As mentioned above, at gift card kiosks, always check your balance and what you are offered before accepting.
If your card is digital, all of this can be processed immediately as digital Visa cards can be quickly shifted from one person to another.
However, if it is a physical card, you will have to mail them the Visa gift card. Fortunately, some websites pay for postage, although you will have to wait a few days for them to receive it.
Our final point is to make sure the website you are using is reputable before making an exchange.
We recommend CardCash as it is proven service. However, there are many other websites to help you eliminate Visa gift cards. Be careful not to cheat your money.
#5: Swap the Gift Card with A Family Member or Friend
If you plan to exchange a gift card with someone else, exchanging it with a house member or friend is the most reliable way to do it.
Why is this? Family members or friends often don’t want to benefit from you and instead give you the total amount for the card.
Using a website service or searching for someone online to buy a card often results in you not getting the total value of the card.
If this bothers you, talk to your friends and family and find someone interested. You should have no problem getting the total amount from them.
#6: Buy and Return
It’s a simple decision on how to dispose of Visa gift cards, but it is inconvenient for many.
Take your Visa gift card to the store, make your purchase, and then return what you just bought. They will have to offer a refund and then issue money to you.
If you are uncomfortable receiving money this way, you can wait a few days before returning the item to create the illusion that you planned to keep the item for yourself. However, there are several things to keep in mind when using this method.
First, in some states and cities, it is illegal to buy an item to return it.
While it is doubtful that anything will happen, we cannot encourage illegal behaviour. We strongly advise that you familiarize yourself with the rules in your city before attempting to do so.
Second, the store may not have a cash-back policy. If they only offer an in-store credit, you won’t get the money back on your card but instead find yourself in an even more restrictive position. Be sure to read the store’s policies before purchasing.
Third, the store can get upset if they notice that you are doing this all the time. If you visit the same store repeatedly to eliminate Visa gift cards, you will ultimately be banned from using the store. To counteract this, use multiple stores.
Finally, some people see the whole thing as a grey area of morality. You are not making a profit from the store as the visa will reimburse them. However, many feel guilty buying something to return it. If this concept makes you feel uncomfortable, choose any other strategy from this list to eliminate Visa gift cards.
#7: Buy a Money Order
Another easy way to eliminate Visa gift cards is to place the money order at a major retail mall or store.
Many shops allow you to buy money orders. However, you can check this before logging in. Another note: not all stores offer money orders for purchases with gift cards, so this is another thing you’ll want to check.
When you’ve purchased a money order using a gift card, deposit it into your account, and you’re done.
This is a straightforward and quick way to know the store that will provide you with this money order. However, posting too many remittances can lead people to investigate what is called structuring.
Structuring is the process of executing financial transactions in a pattern that avoids clogging. While you shouldn’t worry about liquidating your gift cards, you should still keep this in mind. To prevent this, use this method from time to time.
#8: Use the Gift Card Normally
Many of these other solutions to dispose of Visa gift cards involve exchanging or exchanging with someone, but why not use them yourself.
After all, a Visa gift card is still viewed as cash by many stores and can be used in the same way.
Before using the card, make sure that the store accepts gift cards and that no credit card fees are charged on your transaction.
You do not want to throw money on the card if it is not necessary. Honestly, this is the easiest way out there, and you can easily buy whatever you want.
#9: Buy, Trade, and Sell
This is by far the most challenging decision on how to dispose of Visa gift cards; however, if you’re up for the trial and want a little fun, this might be something for you.
Go to any store and purchase with a gift card. Once this is done, try trading your new purchase online or selling it to someone else.
If you make a deal, you can use the new product you received to do the same. You can have an endless cycle of trades in which you buy and sell.
At any time, if you get bored, you can sell the item for cash. Smart people can easily use this method to make extra money, but it is pretty challenging to do, as we mentioned.
Hopefully, this will answer any questions about how to liquidate Visa gift cards. With so many different options to choose from, you need to find something that works for you.
Before you know it, you will turn this Visa gift card into that sweet cash that you have longed for.
Can I exchange a Visa gift card for money?
The easy answer is yes! There are some of these methods that will mean you have cash on hand. When you sell to a friend or family member or exchange your card at a kiosk, you will receive quick money.
Can I transfer money from a Visa gift card to a cash app?
Transferring money from a Visa gift card to a cash app like Venmo is a simple process. All you must do is log in, add the gift card balance, and now you can use it like cash. You can still withdraw money from your bank account.
Can I transfer money from a Visa gift card to PayPal?
Yes, you can quickly transfer money from your Visa gift card to PayPal. First, log into your PayPal account. Find the wallet option at the top. After selecting, click on the card link and follow the instructions to add your gift card details. Once the scale has been added, you can withdraw money to your bank account, transfer it to other PayPal users, or spend it at merchants who accept PayPal.
Don’t forget that commissions can influence this in your calculations.
Where can I exchange gift cards for cash?
Most of the methods listed in this guide allow you to redeem gift cards for cash. To receive some money, sell it to friends or exchange it at a kiosk. Add balance to PayPal or cash app and transfer it to your bank account.
Sell gift cards through apps like Raise and withdraw the balance to your bank account after the sale. Visit participating stores and use your gift card to buy a money order that can be transferred to your bank account, and now you have the cash to use.
All methods ultimately result in cash, but some of them will deposit money into your bank account rather than cash. Just identify that fees may apply depending on the method you use, and check them before exchanging.
How can I receive cash with my gift card quickly?
If you want cash instantly and can’t wait, there are many ways to get it almost immediately. Sell or trade your card to a friend or family member, which means you now have cash.
Go to the kiosk and exchange your card; you can get cash immediately at the cash desk or in the customer support service. Transferring money from PayPal, Venmo, or other cash apps to your bank account can also be done instantly, although fees may apply.
That’s all. Gift cards, mainly Visa gift cards, are beneficial for purchasing products or signing up for services without the total commitment that a natural debit or credit card has.
Unfortunately, it is not easy to liquidate a gift card. Still, it is possible, and you now have beneficial knowledge regarding the flexibility these temporary cards provide.