Visa gift cards are a great way to give money as a gift without having to worry about the recipient being able to access it. They’re a great alternative to cash or checks and are widely available at many stores. However, if you find yourself with a Visa gift card and don’t know what to do with it, there are ways to sell it for cash in 2020.
How Does a Visa Gift Card Work?
A Visa gift card is a prepaid debit card that is purchased with a set amount of money and can be used anywhere Visa debit cards are accepted. The card will come pre-loaded with a certain amount of money and the gift recipient can use it to purchase items until the balance is depleted. However, these cards cannot be used to draw cash out of an ATM, and can’t be reloaded with more money.
Ways to Sell Visa Gift Cards for Cash
The good news for those of you who have a Visa gift card is that there are a few ways to sell it for cash. In 2020, it’s easier than ever to make sure you get the most out of your Visa gift card. Below, we’ll explore the best ways to sell Visa gift cards for cash this year.
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Sell it to a Gift Card Exchange Website – Websites like Raise, CardPool, and CardCash offer secondary markets for buying and selling gift cards at discounted prices. If you don’t need the full amount of the card, you might be able to recoup some of your money this way. Just make sure to check the website’s selling fees to make sure you’re still getting a fair price.
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Spend it on Necessities – One option you have is to use the Visa gift card to purchase essential items or services you need, such as groceries or utility bills. This is the least desirable option since you won’t be able to recoup the money, but if it’s for something necessary anyway, it could be a good way to make sure your gift card isn’t going to waste.
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Exchange it for Another Gift Card – Another option is to exchange your Visa gift card at a store or website that will allow you to trade one type of gift card for another. This is a great way to make sure you’re able to get something you actually want out of the card. Just be sure to check the exchange rate first, as you may not get full value for your card.
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Return the Item You Purchased – If you purchased a gift card in an attempt to purchase something specific but ended up not being able to use the card, you can always return the item for its full value. This can help you recoup the full value of the card, as long as the item is still in its original condition.
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Return the Gift Card – If you’re unable to use or exchange the gift card, you may be able to return it for cash. The value of the transaction will depend on the retailer, but many do provide refunds in the form of cash or store credit. Just be sure to return the gift card before the expiration date printed on it.
Though Visa gift cards are great for giving money as gifts, they can be tricky to use when you don’t need the full amount of the card. Fortunately, there are a few ways to sell Visa gift cards for cash in 2020. Whether you choose to exchange it, spend it on necessities, or return it for cash, you can make sure your Visa gift card isn’t put to waste.
