Turning Prepaid Gift Cards to Cash: A Guide

0
2330

A survey found that around 47% of adults have at least one unused gift card. The reasons for this might vary, but they all has the same end result. Money is being wasted, which could have been used for something useful.

Are you looking to turn prepaid gift cards to cash? If so, you will want to read this helpful guide. We’ll walk you through where to sell your gift cards and how to get the most money.

Sell Your Gift Card to a Family Member or Friend

Selling your gift card to a family member or friend can be a great way to turn prepaid gift cards into cash. If you have a friend or family member who is interested in purchasing your gift card, you can negotiate a fair price for the card and receive cash in exchange.

This can be a great option if you need cash quickly or are simply looking to get rid of a gift card that you will not use. Additionally, selling your gift card to a family member or friend can help you to avoid fees associated with selling your card to a third-party company.

Visit an ATM

The best way to turn a prepaid gift card into cash is to visit an ATM. By doing this, you can avoid any fees associated with cashing out the card. You will need to have the PIN for the card in order to use an ATM.

If you do not have the PIN, you can try calling the customer service number on the back of the card to see if they can provide it to you. Once you have the PIN, you can use an ATM to withdraw cash from the card.

Add the Money to PayPal or Venmo

Adding money to PayPal or Venmo can help you turn prepaid gift cards into cash. This can be done by transferring the funds from the prepaid gift card to the PayPal or Venmo account.

Once you’ve transferred the funds to PayPal or Venmo, they can be used to pay for goods and services or withdrawn as cash. This can be a helpful way to turn prepaid gift cards into cash, especially if the card is for a store that you do not normally shop at.

Sell It to Third Party Companies

Selling your unwanted or unused gift cards to third-party companies can be a great way to turn them into cash. Not only will you get money for your unwanted gift cards, but you can also avoid fees and expiration dates.

When selling your gift cards to a third-party company like this one here, be sure to compare offers and choose the best one for you.

Use It as a Gift

When you purchase a prepaid gift card, you are essentially giving the recipient a set amount of cash that can be used at a specific store or online. This can be a great way to give a gift without having to worry about the recipient spending too much money.

Additionally, if the recipient does not have a lot of money to spend, a prepaid gift card can help them budget their money more effectively.

Turning Prepaid Gift Cards to Cash

If you’re looking for a way to turn your prepaid gift cards to cash, this guide is for you. We’ve given you some tips on how to get the best rates for your unused gift cards.

So what are you waiting for? Follow our guide and start turning those prepaid gift cards into cash today.

For more tips and guides, visit our blog today!