How to Sell a Prepaid Visa Gift Card Online
Quite a few people have emailed me about how to sell a Visa gift card. We have compiled the different way you can sell it below, if you don’t need it for yourself.
Sometimes you may prefer cash instead of the card. Fortunately, there are several ways you can re-sell or convert a prepaid Visa gift card that has been gifted to you into cash or other useful forms of value. These are the best ways to sell the gift cards, online of offline:
How to Sell a Prepaid Visa Gift Card (That Has Been Gifted to You).
1. Use Online Gift Card Marketplaces
One of the easiest ways to re-sell your prepaid Visa gift card is by using an online gift card marketplace. These platforms connect you with buyers looking for gift cards, allowing you to sell yours for a fair price. Some popular online marketplaces include:
- Raisecom: Raise is a well-known marketplace that allows you to sell your prepaid Visa gift card for cash. The process is straightforward—you list your card on the platform, set the selling price, and wait for a buyer. Once your card is sold, you receive payment.
- CardCash.com: Another reputable platform is CardCash, where you can list your prepaid Visa card for sale. You may not receive the full value of the card, but it is an effective way to quickly convert the card to cash.
- GiftCardGrannycom: This platform aggregates offers from several gift card marketplaces, giving you options to find the best deal for your prepaid Visa card.
These platforms often charge a small fee or take a percentage of the sale, but they offer convenience and security when selling a prepaid card.
2. Exchange the Card for Cash Using Peer-to-Peer Marketplaces
You can also try selling your prepaid Visa gift card using peer-to-peer platforms such as eBay, Facebook Marketplace, or Craigslist. These sites allow you to set your own price and negotiate directly with potential buyers.
- eBay: Create a listing for your prepaid Visa card on eBay and specify the value of the card. Buyers will bid on your listing, and once it’s sold, you can mail the card to the buyer or provide the card information digitally.
- Facebook Marketplace: This platform allows you to list items locally, including gift cards. You can sell your card directly to someone in your area, avoiding shipping costs and receiving cash in person.
- Craigslist: Similarly, you can list your card on Craigslist. However, it’s important to use caution when meeting buyers in person to ensure safety.
These platforms give you the flexibility to set your own price, but be aware of scams and take necessary precautions to protect yourself.
3. Convert the Card Through Gift Card Exchange Kiosks
Many retail locations have gift card exchange kiosks where you can convert a prepaid Visa gift card into cash or another gift card. These kiosks are often found in grocery stores, shopping malls, or large retail stores. They typically allow you to scan the card, and they will offer you a cash amount in exchange, usually less than the full value of the card.
- Coinstar Exchange: Coinstar offers kiosks that allow you to convert gift cards into cash. Simply insert your prepaid Visa card, and you will be presented with an offer. If you accept, you receive a voucher that you can take to the store’s customer service desk to redeem for cash.
4. Use a Payment App to Transfer Funds
Another method to convert a prepaid Visa gift card to cash is by using a payment app such as Venmo, PayPal, or Cash App. These apps allow you to link the prepaid card and transfer funds to your account.
- PayPal: Add your prepaid Visa gift card to PayPal and use it to send money to friends or to your linked bank account. Note that there may be fees associated with transferring money using a prepaid card.
- Venmo: Similarly, you can add the card to your Venmo account and transfer the balance to a friend or your bank account. Be mindful of any transaction fees that may apply.
- Cash App: Add the card to Cash App and use it to transfer money to your own account or another user. Like other apps, there may be small fees for these transactions.
5. Sell to Friends or Family
Sometimes the easiest way to convert a prepaid Visa gift card is to sell it directly to friends or family members. You can offer the card at a slight discount to make it more appealing, and in return, they can give you cash. This method is straightforward, and it avoids fees or potential scams from online transactions.
6. Use the Card to Pay Bills or Everyday Expenses
If selling the card isn’t an option, you can use it to pay for bills or everyday expenses, and then use the money you would have spent for other purposes. Many services, including utilities, phone bills, and subscriptions, allow you to pay with a prepaid Visa card. This way, you effectively “convert” the card into cash by saving money elsewhere.
7. Use an App or Website That Buys Gift Cards
There are several apps and websites that buy gift cards directly. These services provide a convenient way to sell your prepaid Visa card and receive money, often via PayPal or direct deposit. Some options include:
- Prepaid2Cash: This app allows you to sell your prepaid Visa card for cash. Simply enter the card information, and if approved, you can receive funds within a few business days.
- CardSwap: Similar to Prepaid2Cash, CardSwap allows you to sell prepaid cards, and you receive payment after the transaction is processed.
Note:
- Fees: Be aware that most online platforms and exchange kiosks will charge a fee for converting a prepaid Visa gift card to cash. This fee can vary, so it is a good idea to compare different options. Typically, you will net around 92% of the gift card value for yourself.
- Scams: When selling your gift card on peer-to-peer platforms or social media, be cautious of potential scams. Only meet in safe locations, avoid sharing card information before payment is confirmed, and use secure payment methods.
- Partial Value Offers: When selling a gift card, you may receive less than the full value of the card. This is common, as buyers or platforms often take a cut for facilitating the transaction.