If you would love to learn how to transfer Visa Gift Card to bank account in the simplest ways ever, then do not skip this article. Have you been finding it difficult to transfer your visa gift cards to bank accounts or you do not know if it is possible to transfer Visa Gift Cards to bank accounts?
As you read this excellently crafted and detailed blog post, you will learn six different ways of transferring Visa Gift Cards to bank accounts.
You may have received several Visa gift cards from family and friends, especially during the holidays and you do not want to use them for shopping right away. We have carried out comprehensive research on how to transfer your Visa gift cards to bank accounts in the cheapest and most convenient way.
So if you want to save your gift cards for future purchases, read this article with me as I begin.
What Is A Visa Gift Card?
A gift card is a prepaid card loaded with funds that can be used for multiple purchases. You can use a gift card to buy goods in stores and online as long as funds remain on the card.
There are different types of gift cards and Visa Gift Card is one of them. The gift card can be bought from stores and designated websites online. However, as the name implies, they are most gifted to friends and family as well as loved ones.
Some companies, organizations, and stores also give out Gift cards to special customers during special celebrations and festivities like Christmas, anniversary, Thanksgiving, etc.
The question at the juncture is “what if I do not want to use these gift cards for purchases?, can I send them to my bank account?” See the answer to these questions in the next paragraph.
Can I Transfer Visa Gift Cards To Bank Account?
In case you do not know already, let me establish here that it is possible to transfer your Visa Gift Cards to bank accounts. Do the answer to the question above is a resounding YES, you can transfer Visa gift cards and other types of gift cards to bank accounts.
I know you want to know how to transfer Visa gift cards to bank accounts. Do not worry, I got you covered so continue reading.
How To Transfer Visa Gift Card To Bank Account
There are different ways to transfer your Visa Gift Cards to bank accounts if you wish to keep them for later usage. In the following paragraphs, I will be discussing how to transfer Visa Gift Cards to bank accounts in the best six (6) ways ever. Note that these are indirect ways. As you read on, you will understand what that means. So let us proceed.
Using MoneyGram is one of the best ways to transfer Visa Gift Cards to bank accounts. The process is simple and it is done completely online hence you do not beef to visit any branch of MoneyGram. Here are the steps that are involved in transferring Visa Gift Cards to bank accounts through MoneyGram.
- Visit the MoneyGram website
- Click on the Sign-Up button at the top right corner of the home page.
- Create an account by filling in your email address a d a strong password.
- Verify your account by clicking on the email sent to you by MoneyGram.
- Click on “Send Money” at the top of the menu bar. This will take you to a new page.
- On the new page, enter the payment details including the amount you want to add. Note, that Visa gift cards must be linked to your bank account.
- Enter the bank details of the receiver such as name, address, and card information, and click Next.
- Your money will be processed and sent to your bank account successfully.
In this method of how to transfer Visa Gift Cards to bank accounts, PayPal is used as a middleman. It involves adding the gift card to PayPal a d thereafter to your linked bank account. This is so because PayPal allows you to add prepaid cards to your wallet.
How To Add Visa Gift Cards To PayPal
- Log in to your PayPal account.
- Click on the wallet at the top of the page.
- Click on “link a card or bank” on the left-hand side of the page.
- Click on “Link a card manually” and select debit or credit card.
- Enter your Visa debit card information such as card number, expiration date, CVV, address
- Click on “link card”.
After doing this, you can use your gift card as a payment option on PayPal and even transfer funds from it to your bank account.
How To Transfer Visa Gift Cards To Bank Accounts Through Venmo
Similar to PayPal above, you can transfer Visa gift cards to bank accounts through Venmo using the following steps. Open a Venmo account if you do not have one already, and log in using your email address and password. Tap on the profile icon at the bottom right corner of the page and select Settings.
Scroll through the Settings and choose ” payment methods”. Click on Cards, and enter your Visa gift card details including the card number, expiry date, CVV, and your Zip code. After entering all the details, click on Add Card.
With this, the card will be added to Venmo and you can transfer the funds from Venmo to your bank account.
How To Transfer Visa Gift Cards To Bank Accounts Using Cash App
You can also use Cash App as an intermediary to transfer Visa gift cards to bank accounts. But first, you need to open a Cash App account. After that, you can proceed to the following steps.
- Log in to your Cash App account.
- Tap on the profile icon at the top right corner of the page.
- Tap on Linked banks or Add banks.
- Select “Link bank“.
- Ranter the information of your Visa debit cards such as the card number, expiry date, CVV, and Zip code.
With this, you can choose to either use the balance for purchases or transfer the funds to the bank account or debit card linked to your Cash App.
How To Transfer Visa Gift Cards To Bank Accounts Using Websites
There are many websites on the internet where you can trade your Visa Gift cards for Cash that will be paid to your bank account or PayPal account. Some of them are CardCash, Prepaid2cash, etc.
By Trading It At Gift Card Exchange Kiosks
You can also trade your Visa gift cards at any Gift Card exchange kiosk around you and deposit the money into your bank account. You must have come across something that looks like a booth or ATM when you visit some stores. That is the exchange Kiosk.
You will find them.in some locations of the following stores
When you get to the machine, enter the details of your Visa gift card. You can also swipe or scan the card using the machine as the case may be. I through the offer, accept or reject.
If accepted, take the voucher printed by the machine. Present the voucher to the cashier who then gives you cash back. You can go ahead and deposit the cash into your bank account for future use.
Do Gift Cards Have Routing And Account Numbers?
No, gift cards do not have routing number account numbers. This is why you can not add funds to the card rather you use them for purchases.
Now you know that you do not have to entirely spend the balance of your Visa gift cards as they can be transferred to your bank accounts.
We have seen the 6 best ways to transfer Visa Gift cards to bank accounts. I hope with these steps you can go ahead and do yours easily.