Prepaid credit cards work like debit cards, but they don't link to your bank account. If you want to cash out a prepaid card, you can do it in a few simple steps. 구글 기프트카드 현금화

Keep in mind, though, that most conversion steps charge a fee. Here are some of your options:.
Sell It Online

Prepaid cards are a great way to control spending, but sometimes you just want to convert them back to cash. Fortunately, there are a few ways to do so. You can sell them online, in stores or to third-party services. Typically, you'll get less money than the card is worth. You can also use your card for free at certain retailers or reload it with a paycheck direct deposit, funds from your bank account or another prepaid card.

Some prepaid cards charge fees, but you can usually avoid paying them by only using what's loaded on the card and never exceeding its balance. You can find some of these cards at supermarkets, drugstores or big-box retailers such as Walmart or Target. You can load them by direct deposit at the register or with cash at participating locations. You can also reload them by transferring funds from other accounts or credit cards and via mobile apps.

Most prepaid cards have the logo of a major card network such as Visa, MasterCard or American Express. Although these cards have card network logos, they don't act like a credit card because you can't overspend and you don't have to pay interest unless the card provider offers it. Prepaid cards work just like debit cards and can be withdrawn at ATMs, in most cases.

One of the easiest ways to convert a prepaid Visa card to cash is through an online marketplace. Sites such as eBay or Craigslist can help you sell your card for its full value. You can also look for apps that let you liquidate prepaid cards, such as Raise and Prepaid2Cash. These apps charge a fee to do so, but they're easier and faster than selling your card directly.

Some prepaid cards can be used like cash, but you may run into problems at some merchants. For example, you might run into difficulties when trying to rent a car or reserve a hotel room with a prepaid card, Golden says. That's because these companies might ask for a cash deposit or put a hold on your prepaid card account until you pick it up.
Offer It to Your Co-Workers

Prepaid cards are a popular alternative to traditional checking and savings accounts. These cards can be loaded with funds from your bank account or through various other sources, including retail stores and online services. They can be used to make purchases at any store that accepts credit or debit cards, and they typically come with a PIN that you can use to verify transactions and protect your card information.

Some employers offer prepaid debit cards as part of their wage payment system. This can provide a significant convenience to employees and can be cost-effective for the employer as well. However, the use of prepaid debit cards for wage payments can also create some unique issues that must be carefully addressed. It is important that any employer considering this option consult with experienced counsel to ensure compliance with all applicable laws and regulations.

Many prepaid cards are branded by major credit card companies, and some of these cards can be used to make online and mobile phone purchases. The cardholder can then reload the card from their bank account or another source when it runs out of money. However, these cards often come with fees for loading, using, and holding the card. They can also have limitations, such as not providing overdraft protection.

Despite these issues, many people still find prepaid cards to be useful for managing their finances. These cards are ideal for those who do not qualify for or have a regular bank account, and they can provide some consumer protections, including in the event that the card is lost or stolen.

For those who prefer to keep their money in cash, it is possible to convert prepaid cards to cash. Several third-party platforms exist that allow users to sell their unused or unwanted gift cards for cash. These platforms typically charge a fee for this service, but it can be worth it for some consumers. One example is Raise, which allows consumers to sell their Visa prepaid cards for an instant cash deposit.

Some prepaid cards allow you to transfer the balance to your bank account, and this is usually outlined in the cardholder agreement. The process is usually fairly simple and can be done through a website or by calling the customer service number. Some cards also allow you to set up recurring or one-time bill payments through the card.
Liquidate It

If you have a Visa prepaid card with a large balance, but don’t plan to use it, you can liquidate it to get cash. Liquidate is a Latin word that means “to melt,” and it refers to converting assets into cash. For example, if a huge retail company has to shut down all of its stores, it liquidates its inventory and goods to raise money to pay its debts. The same idea can be applied to a gift card. If you don’t have plans to spend the money on the card, you can sell it to a third-party service that will give you the funds in exchange.

The process is fairly simple and straightforward, but it may take a few days for the money to appear in your account. The first step is to register the prepaid card with its provider. You’ll usually be able to do this through an app or by visiting the company’s website online.

Once the prepaid card is registered, you can transfer its balance to a bank account or use it to make purchases at a merchant that accepts PayPal. The fee to do this will vary by prepaid card issuer, and it’s important to check the terms and conditions carefully before making the transfer.

Many prepaid cards have apps that allow you to manage the card’s money and even make transfers quickly. These tools are especially useful if you’re planning to buy something that requires immediate payment. Some prepaid cards will even decline purchases that exceed the card’s balance, helping you stick to your budget.

Unlike credit cards, which can be used to build your credit score, prepaid cards don’t report to the major credit bureaus. This means they won’t help you build your credit history, and they can be more difficult to use if you have bad spending habits.

The best way to avoid these issues is by choosing a prepaid card that has the lowest fees. You can do this by reading reviews and comparing rates and fees online before making your decision. By doing a little homework, you can find the best prepaid cards for your needs.
Sell It to a Third-Party Service

Prepaid cards give consumers a way to use and carry money without carrying around wads of cash. Often backed by a major card network, these cards are accepted at retailers and at ATMs nationwide. They can be loaded with funds through direct deposit, at a retailer's register or by transferring from checking or savings accounts. Some cards have monthly fees, transaction fees and other charges while others are free to use. In April, new rules from the Consumer Financial Protection Bureau went into effect that give prepaid cardholders some of the same protections that debit and credit card holders have. These include company investigations of claims, reimbursement for unauthorized charges and corrections to errors.

There are numerous third-party sites and apps available that allow prepaid cardholders to sell their gift cards for cash. However, the fees charged by these platforms can be steep and may not make this the best option. For example, Raise, an app for iOS and Android devices that liquidates gift cards for cash, charges a 15% fee.

Some grocery stores and other retailers also offer the ability to turn prepaid cards into money orders that can then be used for straight up cash. This is a convenient way to get the most out of your card, although you should keep in mind that these options can be somewhat risky because they aren't guaranteed.

Another option is to simply add your prepaid card to your PayPal account and then treat the balance like cold, hard cash. You can then use the money to purchase items online or at retailers that accept PayPal as payment. This is a great option for those who prefer to avoid the risk and hassle of selling their cards directly to strangers.