If you have an Amazon gift card and you want it to be transferred to your Bank account or any platform like PayPal, Visa card, or Cash, we have got something for you.
We've written a couple of articles on transferring funds, & Gift cards previously. Here, we're trying to solve your Amazon Gift card funds issue.
We conducted a comprehensive investigation of this issue and identified 7-functional strategies for our audience. So, please read every method carefully!
Types of amazon gift cards
How many Types of Gift cards does Amazon offers? What type of Gift card you can use to Transfer into a Bank account for Cash?
There are two main types of Amazon Gift cards available to Buy - Physical Gift cards and eGift cards.
Both Gift cards can be purchased through Amazon or any other 3rd party Gift card seller.
There is another kind of Amazon Gift card called a Personalised or Printed Gift card.
Now, here different Personalised Amazon Gift cards come in different themes or printings like
- Amazon Prime Gift card
- Amazon Fire Gift card
- Amazon Music Gift card
- Amazon Kindle Gift card
- Any other personalized theme as per your request
Above personalized Gift cards can be both Physical or Electronic.
How to Transfer Amazon gift card money to a Bank account?
You can't directly transfer your amazon gift card money to a Bank account, Visa, or Paypal account.
Also, you can't buy a Visa or any other gift card on Amazon using an Amazon Gift card or Gift card balance.
But, we've got a quick-fix solution for your questions, and it is very simple and straightforward.
Method 1: Exchange Amazon Gift card or Gift balance for Crypto
If you tried the previous method, don't find it useful in your case. You can try out this method which will be guaranteed to work for you!
Here in this method, we'll Exchange the Amazon Gift card for Cryptocurrency like Bitcoin, Ethereum, etc. You can also exchange your Amazon Gift balance. For that, you'll need to select the Amazon Cash option.
We suggest you use the popular Gift card exchange for Crypto platforms like Paxful or BitValve.
In this method, We're demonstrating Gift card exchange using BitValve.
BitValve provides a single platform for selling and buying Bitcoins using a Gift card or other payment methods.
1. Open the Bitvalve - Buying page and register with it
.jpg "Bitvalve - buy bitcoin Amazon gift card")
2. Apply filters like Payment method and Currency
3. Compare and choose the dealer from the list who is giving a much better price and is reliable
.jpg "Bitvalve - buy bitcoin Amazon gift card")
3. Now, Enter the price and start trading
It may take some time to exchange and receive the Crypto in your registered wallet.
1 USD to BTC rate is 0.00026(around 0.45 USD worth BTC) very low in BitValve, so you can use another platform called Paxful.
Sometimes, Paxful offers a much better BTC Rate than BitValve. So, compare both platforms and choose accordingly.
Paxful also features an exchange of Amazon Gift cash for Bitcoin.
You can use this method if you are not able to sell your Amazon Gift card on other platforms.
Sell Crypto for PayPal, Cash, or Bank transfer
Here at Bitvalve, your Amazon gift card will get sold immediately but at a low price. These platforms offer Crypto selling also.
1. Visit Bitvalve's sell crypto page
2. Select the Crypto you have purchased and add other filters like Payment type(anything from PayPal, Cash, bank transfer) & Currency
3. then choose the seller according to rate(e.g., in first seller is giving $1 rate for $1 worth BTC and another one is giving $1.02, which means $1 is better)
4. follow the next steps and sell your Bitcoin or any other Crypto
Compare the price with others and choose it accordingly.
Method 2: Selling a Gift card
You can resell the Gift card to 3rd party websites. There are plenty of websites that accept unused Amazon Gift cards and pay you money after the deduction of some money from the original price.
There are some popular websites like EJ Gift cards, Craigslist, buybackworld, etc. You can use any of them.
We'll suggest Buybackworld, as it offers high rates as compared to others.
- Go to Buybackworld and register with it
- Now, enter the gift card details like amount, gift card brand, quantities
- It will calculate and provide you an estimated price for your gift card, e.g., they offer $18.75 for $25 worth of Gift card
Method 3: Buying for others
You can't sell the Amazon Gift card using this method. Even if someone is not buying Gift cards from you, you can find someone nearby you who wants to buy Kindle Books, Groceries, Amazon Prime, or Video subscriptions.
It's a possibility that your friend will need the Amazon Prime Video Subscription. You can purchase it for your friend using your Amazon Gift card.
Request Cash in exchange for buying something for them using your Amazon gift card. Using this way, you can get some Bucks for your Amazon Gift card!
Redeem the money in your Amazon account and start using it for purchases.
Method 4: Product resell
Another effective way to earn money from your Amazon gift card is buying cheap and on-sale products from Amazon and resale them to other platforms like BestBuy and eBay.
You can Buy any product that you find cheap and useful for others. Buy it from Amazon using your Amazon Gift card at the time of Sale(festive season or Black Friday) and sell it at a High price on other platforms.
Not only you will recover your Amazon Gift card money, but also you will earn some profit from it.
Don't forget to read the Conclusion. So, you can get an idea about the total money you may get at the end.
Method 5: Sell or Exchange on Reddit
Keep in mind that this method is the least preferred because it's a less trusted way to sell or exchange the Amazon Gift card for Cash or other payment modes.
If you're not able to sell or Exchange your Amaozn Gift card using previous methods, then you can opt for this method.
There are plenty of Subreddits available on Reddit to sell anything you want. Giftcardexchange & Bizarre Bazaar are a few of them, here you can sell your Amazon Gift card. People will come and buy it from you.
Open the Subreddit and add your Amazon Gift card sell or trade request, some so many people will approach you for sure.
Method 6: List a Gift card on Facebook Marketplace
You can list your Amazon Gift card for sale on the Facebook Marketplace. There are plenty of people who search for unused Amazon Gift cards on the Facebook marketplace.
Facebook marketplace helps us to find someone nearby who wants to buy or sell something at a reasonable price.
1. You can use the Facebook app or website to set up the selling
.jpg "List a Gift card on Facebook Marketplace")
2. Open the Facebook marketplace Selling page
3. Now, filter out your location and select Create new listings
4. then, choose the Listing type
5. fill out Pics of the item, Title, Price, and other details
6. after all the details are filled out, hit Publish button
People will read your post and contact you for negotiation, offers & discounts. You can also boost your Listing post to get it sold quickly.Method 7: Buying for yourself or your family
We know that you'll not agree with us for this method. But, this is the last way to make proper use of your Amazon Gift card.
Maybe you don't know that you can buy some things that exist on Amazon.
You can buy the following things from all of the Amazon stores like Amazon.com, Amazon Fresh, Amazon Kindle, Amazon Fire & others:
- Daily Groceries
- Beverages, & Snacks
- Ebooks from Amazon Kindle
- Gifts for your loved one
- Amazon Fire products
- Android Apps & Games(Amazon Store apps)
- Amazon Music subscription
- Amazon Drive & Photos subscription
- Softwares & Games
- Amazon Smart Home Devices
- Amazon Luna(Cloud gaming service)
- Amazon Halo devices(Smart fitness devices)
If you want any of the above products or devices, you can buy them from different Amazon stores using an Amazon Gift card.
Convert Amazon Gift card money to Visa Cards
Once you get the money, you can use it to load it to Visa cards or simply to get a new one.
We've explained several ways to use it or to convert it to a Bank account for cash.
You can search for Visa Gift cards on Amazon or use the following links to purchase Different Visa cards.
Keep in mind that you'll need to pay an extra amount to buy Visa cards.
Convert Amazon Gift card to PayPal
First of all, decide from which medium you want to transfer money - It can be through Visa or Mastercard gift card, or a direct Bank account!
Once you've decided on the medium, you've to transfer the money to that medium and then use that platform to link with PayPal.
I. Using Visa - If you've purchased Visa or Mastercard gift card using an Amazon gift card balance, then you can link the Debit gift card to PayPal easily. Please refer to our guide on Adding Visa or other debit Gift cards to PayPal!
II. Using Bank - You can refer to the method we've given in the article, and after that, you can transfer your gift card balance to a bank. Then you can
- Buy a Paypal Cash card and redeem it into a Paypal account or
- Directly add money to your Paypal account
Conclusion
From all the given methods, here is the summary. If you're converting $100 worth of an Amazon Gift card, you may end up with the following amount(Roughly calculated):
- For the Crypto-exchange method, you may get around $55-65
- For the Selling Gift card method, you'll get $60-75
- If you're buying something for others with your Gift card, you'll get all your money back but it's very hard to convince someone
- In the Product resell method, you may earn a good amount of profit, or at least you'll cover your Amazon Gift card price. But, it also has some risks associated with it. You'll need to wait till the product will get sold. It may or may not get sold
- You can sell or exchange them on social media like Reddit, Facebook, etc. There are so many people want are ready to buy unused Gift cards from genuine sellers.
- At last, you can use Amazon Gift balance for yourself or your loved ones. Amazon offers tonnes of useful products and services that you can buy.
You can use any of the above methods, all will work for you! If you like our guide, please add your valuable comment.
FAQs:
Can you transfer the Amazon gift card balance to your bank account as Cash?
Yes. We can transfer the Amazon gift card to Cash. It is a tricky method.
First, we'll redeem our Gift card money to Amazon gift balance. Then, we can purchase Visa gift cards and link them to a Bank account or PayPal for Cash.
We've explained each and every step in this article.
Can you cash out Amazon gift cards?
Amazon Gift cards can use to buy anything from the Amazon website or app.
- We can sell them for cash
- We can redeem them into the Amazon Gift card balance and use it for groceries and other things
- There are so many 3rd party apps and websites that can convert your Amazon Gift cards into real cash
For more detailed information, read the article from the top.
Does amazon charge Annual fees to their Gift card?
Let's consider if you opted to sell your Amazon Gift card, and you'll use it later. What will be the annual charges for that Gift card?
Please note that Amazon Doesn't take any annual fee from their Customer for Gift cards, unlike Prepaid Debit Gift cards. It's completely free to use for a specific period of that Gift card.
