Updated: Sep 7
Steps to Convert Walmart Gift Cards into Cash and Get Paid Through PayPal or Venmo
Navigating the world of gift cards can sometimes lead to an accumulation of cards for stores you may not frequently shop at. Have you ever wondered if you could convert these unused Walmart gift cards into cash? Or better yet, transfer the value onto a more useful platform like PayPal or Venmo? This guide will walk you through the process of transforming your Walmart gift cards into cash and receiving your payment through popular digital platforms like PayPal or Venmo. With these steps, you can ensure that no gift card goes unused or wasted.
Fortunately, it's not too difficult to do this securely, legally, and fairly quickly if you're willing to take a few extra steps and in some cases don't mind losing out on a little of a gift card's face value.
Let's look at two methods that work well for many gift cards when using PayPal and Venmo, two of the current most widely used payment service platforms in North America.
It's crucial to remember that you can actually get a discount by selling unused gift cards on a variety of websites.
But in this article, we'll focus specifically on PayPal and Venmo users.
If you're intrigued, keep reading.
How to Get Money Using PayPal
One helpful function of PayPal is the capability to trade unwanted gift cards for virtual money that can be added to your PayPal balance for a quick transfer as usable money in your bank account.
GiftoCash is the main way to turn gift cards into cash thanks to this sizable international payment processor.
Your card can be quickly converted into cash through PayPal, and any money you receive should be available in your account within a day or less.
Also available through PayPal is the instant conversion of any number of gift cards into cash balances.
Keep in mind, though, that the rates per card exchange value can vary based on the card source and the level of demand for that specific retailer.
As an illustration, gift cards from well-known or easily accessible sources are frequently in higher demand than those from less well-known or difficult to access sources.
The actions listed below must be taken in order to convert a gift card into cash that can be deposited into your PayPal balance:
1. On your Android device, go to the GiftoCash website or download the GiftoCash app from the Google Play store.
Through the App Store, iPhone users can also access GiftoCash.
2. Enter the name of the retailer and the balance left on your Walmart gift card after creating your GiftoCash account, and then click "Get Offer."
If an offer is available, you can view the amount being offered as a transferrable PayPal balance that you'll receive in return (this may depend on the demand for your type of gift card).
3. If you like the offer, click "Continue".
If you're not in a rush, you can also search for another offer.
There might be superior choices available.
4. To complete the transfer of gift cards for PayPal funds, you must click "Connect with PayPal" after entering your card's PIN and gift card number.
5. After choosing "Connect with PayPal," you will be prompted to log into your PayPal account so that you can fill out the required fields for the exchange and finish the transaction.
Once you've finished, the funds from the exchange offer for your gift card should show up in your PayPal balance.
When the aforementioned is finished, you can repeat the process for additional gift cards by choosing "Add Card."
Then, in order to actually have cash in your bank account or in your hands from your gift card exchange, you must transfer your money out of your PayPal balance.
Your best option for getting money without breaking PayPal's terms of service is the aforementioned method, which uses GiftoCash to turn gift cards into cash. This method is supported by PayPal.
If you're open to trying out other options, however, websites like Raise.com and GiftCash.com also enable you to make offers on the price you'd like to sell your cards for and have any willing buyers send you money directly to your PayPal balance.
They also offer direct deposit options.
How to Get Money With Venmo
Venmo's method of turning gift cards into cash is less formal than PayPal's, and it might also be less vulnerable to problems with the platform that handles payment transactions.
If you decide to convert gift cards to cash using Venmo, your options are slightly more limited.
Amazon and other retailers' gift cards
First off, selling gift cards using the Venmo method is as easy as listing them on open digital marketplaces like GiftoCash Marketplace or Craigslist and designating Venmo as your preferred payment option.
Using this technique, you can quickly list a gift card for sale on one of these third-party websites, locate a customer who is interested in your offer, and request that they transfer funds directly from their Venmo account to your Venmo account so that you can grant them access to the gift card in exchange.
You must obviously sell your card for less than its face value in order to attract buyers, and there is always a chance that you won't find any takers or that you'll fall victim to petty fraud from unreliable parties outside the safety of a major platform's transaction system.
Visa, Mastercard, American Express, and Discover Gift Cards
Using Walmart, Target, iTunes, or Amazon gift cards to convert them into cash and then transferring the money to your Venmo cash balance is not a very practical use of Venmo.
Additionally, it typically cannot be used as a transfer option within platforms like GiftoCash and the others listed in our PayPal section.
However, when used with cash-balance gift cards from reputable credit card issuers, Venmo functions quickly and efficiently.
As a result, if you receive a debit gift card or prepaid bank card with a balance from one of the big three credit card companies—Visa, MasterCard, or American Express—you can just open your Venmo account, add the card to its settings just like you would a regular debit, credit, or prepaid card, and then transfer the money to your own or another bank account.
It may be necessary in some circumstances for you to first transfer money from the prepaid gift card to another person's Venmo account and then request that person to send it back to you.
For this option, pick a trustworthy individual, such as a member of your family or a close friend.
Alternatives for Additional Savings
Almost everyone occasionally encounters situations where they need fast money and it becomes urgent.
For covering your needs in an emergency or learning to save enough to always have some money set aside, there are fortunately lots of clever hacks, tips, and tricks available.
The Fast Cash blog from GiftoCash is replete with sound advice on how to improve your financial situation by increasing your income, increasing your savings, or simply altering your spending patterns.
There are many apps available for sending or spending money.
These applications are now the go-to method for making payments for 90 million Americans.
Particularly for the younger generations, this is true.
The young people frequently use phrases like "I'll Venmo you."
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