How to Transfer Money From Visa Gift Card to Bank Account

Money transfers is fast taking over the world now especially online money transfers and in this article I am going to show you how you can transfer money from your Visa Gift card to your Bank Account. I believe there are numerous individuals that do not know what a Gift card is all about well after going through this article, you will know exactly what it means.

A gift card is a type of payment card that you exchange for a specified amount of money in order to buy goods or services from a specific business. This card is known as a gift card because it is given as gift, you are able to deploy a few techniques and avail money in a gift card to your bank account.

Among the numerous service providers that work hand in hand with businesses to offer gift cards is Visa, American Express, MasterCard, and Discover.

Most often, a gift card is one time card which when used once, you can not make use of it again for the second time, however, some gift cards are reloadable which means that you can make use of them several times as long as you recharge it when its empty.

One major disadvantage of a gift card is the fact that it is not secure and if you happen to lose your gift card on your way out, someone else can pick it and make use of it at a shop to buy goods.

Also, unlike a credit, debit or prepaid card that you can use anywhere you want, a gift card is usually store specific which means that you can make use of them anywhere else.

What is a Gift Card?

A gift card is a prepaid debit card that contains a specific amount of money available for use for a variety of purchases. Store gift cards are designed to be used at specific merchants or retailers, while general-use prepaid gift cards are not affiliated with any specific merchant and can also be used to withdraw cash at automated teller machines (ATMs).

A gift card is a prepaid debit card that is loaded with a specific amount, which can then be used to make purchases and other financial transactions.

How to Transfer Money From Visa Gift Card to Bank Account?

Just like many other individuals, you surely have a few gift cards you never use or may be you have received a gift card as a present but do not know what to do with it or how to use it. Well the good news for you is that you can transfer money from Gift card to bank account.

Below are the few various ways which you can use to transfer money from Gift card to bank account:

Via PayPal Wallet

If you have a gift card and would like to transfer the money to your bank account, you can do so easily via PayPal wallet by following the steps below:

Log in to your PayPal account.

Click ‘Wallet’ at the top of the page.

Click ‘Link a card or bank account.’

Enter your Gift Card number, expiry date, and security code.

Click ‘Link Card.’

After linked bank account card, you can transfer visa gift card funds to your bank account by clicking ‘Withdraw’ and select ‘Transfer to a bank account.’

Enter the amount you wish to transfer and click ‘Submit.’

Once you follow these steps properly, your money will be transferred from gift card to bank account.

Via Venmo

Below are the steps to follow to transfer money from Gift card to bank account via Venmo:

Go to the Venmo website and sign up for an account.

Once you’re logged in, click on the “Payments” tab.

Click on the “Add Payment Method” button.

Select “Gift Card” as your payment method.

Enter the amount of money you want to transfer from your gift card to your bank account.

Enter your gift card number and PIN.

Click on the “Confirm” button.

Your money will be transferred from your gift card to your bank account within a few minutes!

Final Thoughts on How to Transfer Money from Visa Gift Card to Bank Account

Transferring money is fast taking over the world now especially online money transfers and in this article , I have outlined all what it takes to transfer money from Visa Gift Card to Bank account.

I believe there are numerous individuals that do not know what a Gift card is all about well after going through this article, you will know exactly what it means.

A gift card is a type of payment card that you exchange for a specified amount of money in order to buy goods or services from a specific business. This card is known as a gift card because it is given as gift, you are able to deploy a few techniques and avail money in a gift card to your bank account.