Hey, want to convert your amazon gift card to cash? Here we would be discussing two of the best ways to do that. It is simple, quick, and super easy.
Often, we get Amazon gift card balance as a reward or as a gift. But we might not know how to spend the card balance since we may not be in a mood for buying anything anytime soon. Also, trading off the gift card balance for cash is more appealing.
And what better way to transfer money into the bank account than PayPal?!
So, here are two of the best ways you can transfer your gift card balance to PayPal and Venmo for converting it into cash.
THE PAYPAL METHOD
This is the first and simplest method. You don’t need much here; just follow the steps correctly, and your transfer would be done in minutes.
How to Do the Transfer with Steps:
Step 1: Get Two PayPal accounts.
Step 2: The first PayPal account should be linked with your bank account that has to have a credit or debit card.
Step 3: Link your Amazon gift card with the second PayPal account. The name on the gift card and the name of the bank account holder should be the same.
Step 4: Log in through your first PayPal account (one linked with your bank) and create an invoice.
Step 5: In the invoice, enter the exact amount that is on the gift card, or you can input a lesser amount and send it to the second PayPal account.
Step 6: Log in through your second PayPal account and use your gift card balance for the payment of the invoice.
Step 7: By now, you have received the amount in your first PayPal account.
Step 8: Transfer the amount from your wallet to your bank account and withdraw the cash.
THE VENMO METHOD
We are a fan of the PayPal method because we found it to be super easy. But if you don’t want to use it, then we have the Venmo method for you.
This method is similar to the PayPal method. The only difference is that you will have to have your main account linked with the Gift Card here.
To do this, first, you have to open the settings of the main Venmo account, then click on the ‘payment method’ and finally input the details of your Amazon Gift Card.
Using the gift card payment method, transfer the balance to another Venmo account.
The second Venmo account can be of anybody’s, your friend, a family member, or anyone you trust. Just make sure that the second Venmo account is linked to their bank account.
After the transfer is made, ask the person to make the withdrawal and hand over the cash to you.
Conclusion: How to Encash your Amazon Gift Card Balance
Both the methods of converting Amazon gift cards into cash are the fastest and the easiest. Use whichever you like. If you follow the discussed steps correctly, you can encash the amazon gift card in no time.