How to Transfer Gift Card Balance to Bank Account
A gift card could save you the trouble of carrying cash. But the real question is what you intend to do with these funds. This would necessitate transferring funds from your Visa gift card to your bank account.
So, what exactly is a gift card? A gift card is a type of payment card that allows you to make exchanges for a set amount of money in order to purchase goods and services from a specific business.
The card is frequently given as a gift card, which is why it is referred to as a gift card. You can use a few techniques to transfer money from your gift card into your account.
Visa is one of the services that collaborates with businesses to provide gift cards; others include American Express, MasterCard, and others.
Most gift cards are one-time use only and expire after the first use, but a few are reloadable, which means you can use them again and again as long as you recharge them.
One of the main disadvantages of these gift cards is that they are not very secure because if you lose your gift card on the way, someone else can pick it up and use it to fund their various transactions.
Gift cards, like credit, debit, or prepaid cards, cannot be used anywhere because they are often store-specific, which means they cannot be used elsewhere.
How do I Get A Gift Card?
Gift card are not difficult to get and just as you are able to get a prepaid card or debit card so too can you enter in possession of a Gift card but gift card are often limited just to buying goods and services.
On the other hand, you are able to make use of a prepaid card to to buy goods and services and also send money to your friends and family members.
In order to get gift card, you will have to request it from the most appropriate gift card issuer around you and the below processes might be of great help to you when it comes to you applying for a gift card.
- Visit an online or a physical store in order to request a gift card denomination amount
- Present the payment of the card to the merchant who then collects it for the next process
- From there, the merchant selects the program on the terminal or POS system, inputs clerk ID nad the swipes the gift card via the terminal
- Then the merchant will then key in the amount for the card
- The terminal then processes the transaction so as to add money to the card
- The merchant will then print a receipt that shows the card balance and will hand it over to the customer.
Where Do I get a Gift Card?
Now that you already know you can obtain a gift card, let us take a look at where you can proceed in order to get a gift card in case may be you want to offer a gift card to someone as their birthday present. There are various companies that sell gift card like for example you are able to Visa gift cards from the Visa company it self or from many other companies that are also involved in selling Visa gift cards and they include the following.
1. United States Postal Service- USPS
The USPS are involved in the sale of gift card that you are able to buy with various denominations. You are able to purchase it online or at any store around you. This would help you if you have denominations of $250 to 500$ and you are able to find a physical location Here or you can complete the order process online.
2. Walmart
Here comes one of the biggest online and physical stores in the US where you are able to purchase your various goods. Walmart are involved in the sale of unique gift card that you can that you can give to your loved ones or friends so that they are able to buy whatever they want from Walmart. The card denomination run from $25 to $200 and you can order the card online or from a physical store.
3. Target
Target is an online retail store where clients are able to purchase goods and services. It is actually one of the best sites where you are able to get a gift card for your loved ones. Target allows you to buy gift card denominations ranging from, $25, $50 and $100 in store and up to $200 when you buy online.
4. Staples
Staples is another location where you can get a gift card as it allows you purchase gift cards pnline or at a physical store that you can find around you. Their gift card denominations range from $25 to $300 and you are able to find a store here or make an order Online so as to receive it at your location.
5. CVS
CVS sells gift card of various denominations ranging from $25 to $500 and you are able to buy their cards at any CVS store located near you.
6. Albertsons
Albertsons offers its clients with various gift card and they sell cards of various denominations ranging from $25 to $500. You can find an Albertson store location by clicking on this Link.
7. Safeway
At Safeway, you are able to get cards of different denominations ranging from $25 to $500. The cards are available in store and you can locate the nearest store around you so as to get a gift card from Safe way.
How to Transfer Money from Visa Gift card to Bank Account
You should note that there is no direct way through which you can transfer money from a gift card to a bank account but there are many indirect ways through which you are able to move money from your gift card into your bank account with ease and they include;
1. Use a Square Reader
Square payment is a platform that allows you to make POS payments and if you have a square account that is already linked to a bank account, you can easily swipe your card over the reader and allow a certain amount of money to go to your square account. Then after, you will be able to move the funds into your bank account. Square will charge you 2.75% of the transaction amount of each swipe that you will make.
2. Link the Gift card to PayPal
If you have a PayPal account, you will be able to add your gift card details to your PayPal account and after which you will be able transfer the money to your bank account by following he steps below.
- Log into your PayPal account
- Move to My Wallet
- Press the transfer button
- Select the transfer to your bank option
- Select the bank account to which you want to deposit the amount withdrawn
- Click continue
- Enter the amount you want to transfer and click next
- Review your move details and then click on transfer Now
3. Pay it Yourself By Making use of your Visa Gift card
There exist numerous merchants around you who are able to assist you in transferring money to your bank account. The only thing that you have to do is to move into their place with your visa gift card and pay over the POS or any other relevant machine.
After that, you can now provide them with your bank account details so that they can transfer money to your bank account even though you might incur some fee.
4. Trade for Cash Using a gift Exchange Kiosk
You can find different gift card exchange kiosks in supermarkets and big shopping malls that allow you to make exchanges for cards. Then once you have the cash, you can now deposit it in to your bank account at the nearest branch.
5. You can Sell your Gift card
There exist various companies that allow you to sell your gift cards online over their apps. They include Card cash and gift card Granny. You can then deposit the given cash into your bank account.
Final Thoughts on How to Transfer Gift card Balance to Bank Account
Gift cards are payment cards that you can apply for from a merchant and top with a certain amount of money in order to give someone special to you or to fun one of your transactions. You are able to apply for gift cards online or physical store and the cards are usually used at a specific merchant and some are 1 time used while others are rechargeable.
Frequently Asked Questions
1. Is it Possible to Send funds from Gift card to Bank account?
Yes, you are able to transfer money from gift card to bank account by making use of various services listed above. You are able to make use of card cash or better still you can visit the closest gift card exchange kiosk as per your ease.
2. Can you Send Money from Gift card to Cash App?
You are not able to add gift card to your cash app account and this means that you will not be able to send your money from the card to cash app.
Post a Comment