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Transfer Money from a Visa Gift Card/Prepaid Card to Your Bank Account

Here’s how to transfer your money from your Visa Gift Card to your bank account using Paypal.


Activate Card -> Create Paypal Account -> Connect Paypal to Bank Account -> Send Visa Gift Card/Prepaid Card Balance ->Transfer to Personal Bank Account

Step 1: How to activate your Visa Gift Card/prepaid card
Activate your Visa Gift Card or prepaid card to purchase items online. You can do that here: https://www.giftcards.com/card_tools/activate.html.

After activating your Visa Gift Card or prepaid card you will be able to use it online to make purchases. You can use this feature to transfer the money from the Visa Gift Card/Prepaid card to your Paypal account.

PayPal is an effective way to transfer money from your Visa Gift Card or prepaid card to your bank account.

Step 2: Using Paypal
You need to create a PayPal account. You may already have registered with Paypal. Registering for an account is fairly easy and can be done at http://www.paypal.com

Step 3: How to connect Paypal with your personal bank account
You must now connect your bank account with your PayPal account. This will allow you to transfer to money from the Paypal account to your actual bank account.

Go to your “profile” on PayPal’s homepage, select “bank accounts” and then “add”. Follow the instructions listed on Paypal. It will take a few days to confirm your bank account. Be patient.

Step 4: How to send the balance from your Visa Gift Card/prepaid card to your Paypal account
You must now use your Visa Gift Card or prepaid card to send its cash value to your PayPal account. Do this in a simple step of from accessing PayPal’s homepage and then going to “Send Money”. You will enter your email address of your newly created PayPal account and the balance on the Visa Gift Card, click “send” and the money will be transferred to your account and the balance will be deducted from your visa gift card.


Step 5: How to send the Visa Gift Card/prepaid card balance from Paypal to your bank account
Now you need to put that Visa Gift Card or prepaid card money where you want it, in your personal bank account. On your PayPal account page goto “withdraw” then “transfer to bank account”.

You will have successfully moved the balance of you Visa Gift Card or prepaid card to your bank account.

What are some other solutions the community has?

  • Adriana says:

    thanks for share!

    February 25, 2012 at 8:52 pm
  • Meredith says:

    This method no longer works, unfortunately.
    PayPal does not allow you to “send money to yourself.”

    May 2, 2013 at 3:36 am
    • Owen Haacke says:

      Hi Meredith,

      Thanks for bringing that to my attention. Since the Paypal method no longer works, have you been able to find an alternative solution?

      Owen

      May 2, 2013 at 3:41 am

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