How to Put Visa Gift Cards in Your Bank Account

You’ve been given a Visa gift card for Christmas, birthday or some other special event. You want to know how you can turn this gift card into cash so that you can use it wherever you like.

There are a number of ways to do this, but they all involve thinking outside the box and may require a bit of effort. Some of these methods can actually be done for a fraction of the face value of the card itself!

1. MoneyGram

MoneyGram has been around for over a century and is a leading international money transfer service. It offers a wide range of payment options and has a massive network of agent locations worldwide.

Moneygram also has a great website and app, which make sending and receiving money online easy and fast. Their customer support is available through live chat and a contact form, as well as through Twitter.

It’s important to know the exchange rates for MoneyGram transfers before making a decision. These vary depending on how you’re paying and where the money is being received.

You can pay for a MoneyGram transfer with cash, your bank account or a credit card. The latter option is generally the most expensive and can take a while to process.

The company is a major player in the online and in-person domestic and international money transfer space, offering services including mobile phone top-ups, bill payments, money orders and prepaid-card loading.

It has a massive global transfer network, with 350,000 agent locations and kiosks across 200 countries and territories. Delivery options include bank deposits to recipients’ accounts and cash pickup at an agent location. In some countries, home delivery is also possible.

In addition, it offers a number of digital innovations that improve the user experience, such as MoneyGram SendBot, which is a chatbot for Facebook Messenger that enables customers to send money anywhere in the world.

The company’s fees are based on the amount you’re sending and the method of payment, but these can be significantly lower than with competitors. The site also has a fee estimator, which can give you an idea of how much your transfer will cost.

2. Venmo

If you want to put visa gift cards in your bank account, the Venmo app is one option. It works as a mobile payment platform and is backed by PayPal, which is known for taking security seriously. It also has several features that make it more convenient than other alternatives.

In addition to payments, Venmo allows users to share their purchase activity with friends. This can be a great way to increase brand exposure and boost sales.

It is free to open a Venmo account, and there are no monthly fees associated with transactions. However, there is a 3% fee for credit card transactions. This may make it unfeasible for people who are looking to send a large amount of money.

You can also use Venmo to add a credit card or bank account to your profile. If you choose to add a credit card, you will need to verify the card by entering your credit card number and PIN. This process can take up to three business days.

If you choose to add a bank account, you will need to provide your bank account and routing number. This process will usually take 1-2 business days to complete.

To prevent fraudsters from stealing your bank information, beware of scammers who contact you via email or phone to claim that you have unauthorized charges on your account. These scams are designed to get you to give them your login details and two-factor authentication (2FA) codes.

You should also lock your Venmo account with a PIN or Touch ID. This will ensure that no one else can access your account from a different device. It is also important to never lend your phone to strangers, and only use Venmo when you trust the person with whom you are sending money.

3. GiftCardBin

If you have a Visa gift card that you would like to transfer to your bank account, there are several options available. You can sell it to a private individual or use one of the many websites that specialize in buying gift cards.

While these methods will not always result in you getting the full value of the gift card, they are still a great option if you need cash quickly. Just be sure to keep an eye on the fees involved with these methods, as they can be quite steep and could affect how much you end up getting in your wallet.

Another option is to go to a GiftCardBin location near you and exchange your unwanted gift cards for cash in person. This website has over 600 partner locations across the US, so you should be able to find one in your area that offers this service.

Once you enter your ZIP Code, the site will provide you with a list of sites in your local area that will buy your cards for immediate cash or a deposit to a Venmo or PayPal account. In-person purchase amounts tend to be lower than those online, but they are a quick and easy way to get some cash from your gift cards if you need it.

The best thing about using these kiosks is that they are a quick and easy way to convert your Visa gift card into cash. Just be sure to know the balance on your card before you trade it in and bring along your ID if necessary. In general, these kiosks will give you between 60% and 80% of the face value of your card.

4. Raise

You can transfer your visa gift cards to your chequing account if you have a bank or credit union that offers mobile deposits. This is a good option for those who need to pay a bill and don’t have cash to hand. If you do, however, you should know that there are certain fees associated with transferring money from your card to your chequing account.

You should also check with your utility companies to see if they accept visa gift cards as payment for bills. This can help you save a lot of cash by reducing the amount of cash that’s coming out of your checking account to pay bills.

Raise’s gift card marketplace is a great place to buy discount gift cards. The site offers a one-year guarantee and a 90-day refund policy, as well as a high volume of brands. Moreover, Raise often offers discounts that are into double digits.

The Raise gift card marketplace is also a great place to sell gift cards. If you have a card you don’t want, it’s possible to sell it on the site and earn up to 10% back in Raise Cash.

While this isn’t as easy as selling on eBay or Craigslist, it’s a great way to make some extra cash while you’re looking for something else. Keep in mind, though, that fraud is a common problem in the secondary market for gift cards.

Another issue is that the gift cards sold by Raise are member-generated, meaning that human error can result in a dud purchase. This is why Raise includes a one-year money-back guarantee in case you receive a card that isn’t what you paid for, doesn’t have the balance you expect, or is a different brand than the card you ordered.

5. Prepaid2Cash

Prepaid2Cash is a service that converts network branded (Visa, MasterCard, Amex and Discover) prepaid cards into cash. It is available as an iOS and Android app that customers can download to quickly scan a card and receive their funds in less than 15 minutes.

It is a fast, simple, secure and affordable solution that allows consumers to exchange their prepaid cards most commonly acquired through rebate programs, product promotions, and holiday gifts for cash. It partners with leading security companies to ensure the integrity and safety of customer transactions.

The service is available to all Visa, MasterCard, Amex and Discover prepaid cardholders. It is free to use and can be accessed by simply downloading the app, scanning your prepaid card and connecting your bank account.

Once you have connected your account, the funds are sent electronically via direct deposit to your bank account settling in about 4-5 business days. If you have any questions about the process please email us at [email protected] or call us at 866-870-9011.

You can also sell your prepaid gift cards on sites like Raise. These sites will buy your prepaid gift cards for up to 85% of their value. They will pay you for the cards through PayPal, check or direct deposit to your bank account.

You can also use sites like Swagbucks to get a Visa gift card or earn money through online tasks. This can be a great way to make a few extra dollars and save time on your shopping trip. It can also be a great side gig if you have a business or need to make some money in your spare time. However, you need to be careful with this method as it can be risky if you are not sure what you’re doing.