Last Updated on 1 year by Komolafe Bamidele
Do you have gift cards you wish to convert to cash but you don’t know how to go about it?
Do you know that there are several ways you can use to convert your gift cards to cash and use the money to solve your personal needs?
For instance, over the years we noticed that Visa gift cards have been a great way of saving while shopping for your favourites.
Depending on the country that you reside in, you might have seen stores that sell gift cards probably during promotions;
the goal here is to offer incentives for shoppers to buy stuff online and use these gift cards.
Perhaps, there are different types of gifts card available today!
And also there are diverse ways that one can use to convert these gift cards into real cash that you can easily withdraw with your ATM or probably transfer to your local bank.
Why Should you Convert Gift cards to Cash?
Besides, there are lots of reasons why people intend to convert their gift cards into real cash.
Gift cards that cannot be used to withdraw money at an ATM are considered inflexible since they are just virtual money that cannot be used either for investment or to pay down debt.
So it’s important to exchange or convert such cards into cash instantly.
This is a detailed guide that elucidated the proper ways that you can use to convert gift cards to real liquid cash.
Is Possible to Directly Convert Visa or Amazon Gift Cards to PayPal Anyway? (Untold truth)
Regards to this question, there is no way that one can directly send his Amazon gift card funds to his PayPal account through a normal transfer.
As of the time of writing this post, the gift card balance cannot be transferred to the PayPal wallet directly.
Perhaps, there are other tricks that you can use to move your Amazon gift card balance to your PayPal account.
Moreover, for you to achieve this (moving your Amazon gift card to PayPal), you can add your Amazon gift card to your PayPal account.
We will elaborate on the steps that you can use to achieve this in the subsequent sections of this article.
Besides this, you can use an alternative method which is redeeming your Amazon gift card by using it to make a purchase directly from the Amazon website.
Also, you can check out other online platforms or even offline retail stores, restaurants, pizza stores, or other related stores where you can easily use your Amazon gift card to make purchases.
Don’t miss this;10 Best Gift Card Exchange Kiosk Near Me in the United States & Others Countries
Ways to Convert Gift Cards to PayPal
We want to bring to your notice that there are several ways that you can convert gift cards (including Amazon gift cards) to PayPal without much hassle.
Moreover, as we stated earlier, the method involved in this is not straightforward as you may think, but it is one of the best working ways to convert Amazon gift cards or other gift cards to Paypal.
So that you can use your virtual money to make investments or even withdraw it out and use it as physical money.
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Hereunder, we will take you through different methods that you can use to convert your Amazon gift card to real money either by using PayPal or other possible means.
#1. Buy Stuff ONLINE On Store that Accepts Gifts Card
Buying things online is just like using your gift card to pay your bills.
This is quite a good method of getting liquid cash right from your gift cards.
Perhaps, this method can be used to cover your bills, since the funds in your gift cards are like virtual money which can be used to settle bills electronically.
There are several platforms that you can utilize when planning to use your gift cards to make online payments or to settle your bill.
One of the most popular platforms that will assist you in doing this is called Plastiq.
When it comes to buying things online with a store that accepts gift cards, we have culled several ways you can utilize to achieve this. They include:
Use your Gift Card to Pay Bills like your Mortgage, Car Payment, etc.
Having worked for a while and finally, you were able to get your payment in your gift card,
you can use your gift card like cash and use it to pay for the instalments of loans for example car loans, mortgages, and even using gift cards in exchange for cash.
A lot of companies today make it possible for individuals to settle certain bills by using their gift cards.
One of the widely used companies that allow this is known as Plastiq.
Perhaps, since Visa Cards are regarded as top credit cards; therefore you can use these gift cards with companies that allow you to make payments with them.
Moreover, since most companies treat gift cards like credit cards, the usual fee that is attached to credit cards when making payments will also incur with these gift cards.
Paying your Daily Bills
Apart from using your gift cards to pay larger bills, there are several options where you can use your gift cards to make payments and settle regular bills.
Some of these small bills include making purchases in your local store by using your Visa gift cards.
Depending on your location, Visa gift cards are widely accepted in lots of local stores that usually accept normal Visa debit cards.
Also, you can use your gift cards on billers who accept the use of credit cards.
They usually accept gift cards just the same way they accept Visa cards.
Also read this; 24+ Trusted & Legit Ways To Earn Amazon Gift Cards In 2021 [Easy & Fast]
You can Sell your Gift Cards to other Merchants
Selling your gift cards has become one of the most common ways you can use to convert your gift cards to real money.
As of today, there are several gift card exchanges that you can use to sell your gift cards in exchange for money that you can use anywhere at any time you feel like using it.
Some methods of selling your gift card include:
Selling it through a Website
There are a lot of websites that allow people to sell their gift cards with ease, without the need of passing through diverse protocols.
Examples of platforms that are willing to buy your gift cards in exchange for real cash are MyGiftCards+, Prepaid2Cash, Giftcard Zen, and Cardpool.
On some occasions, these websites listed above can even send you prepaid postage which you can use to send the gift card to them with ease.
Besides the websites listed above, if you have a digital gift card, there are lots of platforms that will purchase it instantly from you.
Over the years, we have noticed lots of scams when people try to use a website to exchange their gift cards for money.
We recommend that you take out time to search for reviews about the platform you intend to use for selling your gift cards before going ahead to make deal with them.
Meanwhile, you should know that these websites that are willing to purchase your gift cards and give you cash will only give you just a part of the amount the gift card is worth at that moment;
although it’s quite good since you need the real cash.
You can Sell your Gift Cards through the App
There are lots of apps that allow users to sell their gift cards in exchange for real money.
These apps are owned by top well-known companies and they have gained the trust of thousands of people who have been using them to sell their gift cards for money.
A good example of such companies is Raise.
Raise has a mobile app that allows individuals to sell their gift cards with ease.
To get started with these amazing apps, all you need is to download the app, follow the onscreen instructions to create an account with the platform, and send your gift card details to them.
For you to collect the equivalent of the funds in your gift card, you need to choose your mode of payment; probably you can choose PayPal, Bitcoin or check, depending on the user’s choice.
Unfortunately, you should know that the company that owns the app will automatically collect 15% of the worth of the funds in your gift card as their commission before they will send the remaining to you.
By using eCommerce Websites
Here you are required to check out websites that offer Prepaid2Cash to instantly liquidate Visa gift cards or gift cards.
Some popular eCommerce websites such as eBay allow users to sell their gift cards in exchange for real money at an amazing rate.
By using eCommerce platforms to sell your gift cards, you can sell the card at the same price as its value, unlike other apps or platforms that might take up to 15% commission from your gift card funds.
Moreover, since this platform is quite large, you can decide to reduce your gift card pricing to sell your gift card funds easily without much delay in the transaction.
Perhaps, some shipping costs may be attached to your gift cards if you are to send the card to the eCommerce website.
From research, we come to realize that eCommerce websites will also charge you little commissions.
Although it is quite lesser when compared to the commissions that other websites will charge you.
You can Sell your Gift card to a Friend
Selling your gift card to friends is quite an alternative method to exchanging your gift card for the money.
Perhaps, if you have friends who are in need and are willing to buy Visa gift cards directly from you, it is quite an opportunity to bypass all those commissions that websites and eCommerce websites will charge you.
In this scenario, you can ask around, join groups where you can make new friends, and sort out those that are interested in buying gift cards.
#2. Add a Gift Card to PayPal as a Payment Method
If you want to add a gift card to PayPal as a payment method,
there are certain steps to follow to add a gift card from Amazon, American Express, MasterCard, and Discover to your personal PayPal account.
You can achieve this by following our detailed steps below:
- The first thing you need to do is to log in to your PayPal account
- Next, navigate to the tab that is labelled “Wallet” – you can see that on the home screen
- When you click on “Wallet” you will see an option to “link a debit or credit card”. Then select this option to proceed
- While you are on the page, click on “Link a card manually”.
- Just from the same page, you will be asked to enter the information related to your gift cards. Such information is card number, expiry date, and CVV number.
- Now follow the on-screen instructions to complete the form and link your gift card to your PayPal account.
- Once you have successfully added your gift card to your PayPal account, you can be able to use your gift card on PayPal.
#3. Turn Amazon Gift Card to Cash with Venmo
In this section, we will discuss how you can convert your gift cards to real money in your bank account by using Venmo.
Before we proceed, you will need to have two Venmo accounts.
It can be your personal Venmo account or your family Venmo account.
Venmo is quite a popular platform that allows people to create an account with ease.
So if you don’t have an existing Venmo account, you can quickly create one for yourself and another for your brother or sister.
The official Venmo website is https://venmo.com
Having created your two Venmo accounts, follow the below steps to turn your Amazon gift card into real money in your bank account:
Step #1: Linking Amazon or Visa Gift card to Venmo
Here, you are required to link your Amazon gift card as a payment method in your Venmo account.
To achieve this, go to settings and add your amazon gift card as a payment method or probably you can add it as a backup payment method.
Step #2: Add a Bank Account to Venmo
When you have successfully added your Amazon gift card as a payment method in your Venmo account,
you need to add your bank account to the Venmo account.
Maybe the Venmo account you created for your brother or your sister.
Step #3: Send Money to your Other Account Directly from your Amazon Gift Card that you added as a Payment Method
Here, you will need to send money to your brother or sister’s Venmo account from your Venmo account using the gift card you have added in the previous steps above as your payment method.
Within a few minutes, your sister will be able to receive the money you send to her in her Venmo account.
Step #4: Send the Money to your Bank Account
At this stage, the money has arrived in your brother’s or relatives’ Venmo account successfully.
You can send the money to the bank account that is linked to your brother’s Venmo account and the money will be transferred to your bank account within a few minutes.
This is quite a simple way to get the funds in your Amazon gift card directly to your bank account without having to pass several protocols.
#4 Convert Gift Cards to PayPal Using Two PayPal Accounts
To convert your gift cards to PayPal, we recommend that you have two separate PayPal accounts.
The first PayPal account that you are to get should be your primary PayPal account and it should be connected to your financial balance probably through your credit or debit card.
Your primary PayPal account should have the option to perform a quick cash transfer to your ledger with ease.
Perhaps, the second PayPal account needs to be connected to your Amazon gift voucher.
Follow the below steps to see how you can be able to achieve this:
- Login to your primary PayPal account
- Navigate to convert Amazon gift card to PayPal money
- Just from the same page, click on invoiced and make sure to make a receipt
- On the next page that will open, click on make a receipt; Convert Amazon Gift Card To PayPal
- When you are concluding the receipt, enter the second Paypal email in the Bill to: Then enter the gift voucher sum in the value tab.
- When you are done filling the receipt, tap on the send button and the receipt will be sent to your second PayPal account
- Now sign in to your PayPal records to check your notices.
On this notices page, you will be able to see the bill from the other record.
This is quite possible because your second PayPal account has been connected to your Amazon gift voucher and now you will be able to pay the receipt with it.
Besides this, you can as well use the Amazon gift card for other things online apart from moving it to your primary PayPal account.
How to Link Your Amazon Gift Card to Your PayPal Account
By default, PayPal does not allow people to move their gift voucher equalization to their PayPal accounts.
To achieve this, just connect your card number to the Wallet area of your record.
This means that you will need to add the gift voucher number to your Paypal account as a charge or card.
Now you can be able to utilize the gift voucher equalization to pay for things bought utilizing PayPal.
Is there an App that turns Gift Cards into Cash?
Yes! There are lots of apps that allow users to sell their gift cards in exchange for real money.
These apps are owned by top well-known companies and they have gained the trust of thousands of people who have been using them to sell their gift cards for money.
A good example of such companies is Raise. Raise has a mobile app that allows individuals to sell their gift cards with ease.
To get started with these amazing apps, all you need is to download the app, follow the onscreen instructions to create an account with the platform, and send your gift card details to them.
Can you Transfer Money from a Gift Card to PayPal?
Yes! This method involves some tricks and you will need to have two different PayPal accounts.
We explained this in the section above.
Conclusion
We revealed in this guide how possible it is for you to convert gift cards to cash through PayPal or other means.
Besides using PayPal, there are other ways you can use it to convert your gift card to real money and use it to make investments as well as make purchases.