How to Transfer Money from Visa Gift Card to PayPal in 2023?
Who doesn’t love gift cards? We think it is the most thoughtful gift to give to anyone as the money can be transferred easily to the bank account through PayPal. If you have a gift card that you wish to add to PayPal, you must
know your full PayPal username, the additional process and the charges to add Visa card to PayPal balance. Another thing to keep in mind while adding a gift card by visa is that your PayPal account should be unlocked. This blog will help you learn to transfer Visa gift card balance to PayPal within a few minutes. Please keep on reading to learn more about the process.
Key Points PayPal is ranked as one of the top mobile banking applications with over 300 million users worldwide. PayPal offers online money transfers, PayPal cards, PayPal accounts, and cashback, and even allows purchasing bitcoins. Unlike banks, it allows one to transfer a Visa gift card balance to a PayPal account easily. Can You Transfer Money from Visa Gift Card to PayPal?
People often ask, “Can you transfer a Visa gift card to PayPal?” Well, the answer is yes, you can deposit a gift card of Visa to PayPal. Apart from gift cards from Visa, PayPal accepts many other card merchants too, which we will find out in the coming section.
PayPal acts as an intermediary to get money from your gift card to any bank account. Since many banks do not allow depositing and redeeming gift cards, you can take full advantage of your gift card money through PayPal.
All you need to do is link your bank account with PayPal, go to the wallet section, add a gift card with PayPal, and select it as a payment method. Upon doing so, you will be able to select your gift card by Visa as a payment option during the transactions.
As we mentioned, PayPal accepts many cards apart from Visa. So, let’s go through the list of gift cards accepted by PayPal.
How to Receive Money on PayPal? Gifts Cards Accepted by PayPal
The mobile banking application offers seamless payment setup options for users, like adding a gift card to their PayPal account. However, there are some strict policies that users have to adhere to while performing the process. According to PayPal, it allows gift cards from the following major card issuers:
Visa Mastercard Discover American Express
The gift cards issued by these card merchants align with the PayPal user policies and therefore can be added easily to your mobile banking account.
Now that you know the types of prepaid gift cards accepted by PayPal, you might wonder if the net banking portal charges any fees to add gift card by Visa to PayPal. Let’s find out more about it in the next section.
Does PayPal Charge for Visa Gift Card Transfer to PayPal?
You can add a gift card from Visa to your PayPal balance for free as it is one of the transaction services from the list of other services offered by the mobile banking application.
Putting this straight, PayPal does not charge any money throughout the whole process. However, the card issuer might. If you want to add a gift card to PayPal balance, Visa may charge some fees and deduct the charged amount during the process.
Hence, it is best to contact the card merchant to know the exact details for the same.
Well, now you know about the charges of gift card transfers to PayPal. Let’s learn how to add Visa gift card to PayPal balance in the coming section.
How to Transfer Money from Visa Gift Card to PayPal?
PayPal is the number one payment application used worldwide. Apart from sending, receiving, and
purchasing bitcoins through PayPal, you can also encash any card into your account.
If someone has gifted you a gift card from Visa, but you do not want to carry it along with you, the best thing to do is you can transfer the Visa card balance into a PayPal account and use the balance in any purchase. In fact, there are multiple ways to
transfer money from gift card to bank account. Let’s see the steps for the same below: On your device, open the PayPal app or launch PayPal in the browser. Now, navigate to the Wallet section. Tap on “ Link a debit card or credit card”. Click on the Link a card manually. Here, enter your card details in the given fields. Lastly, click on Link Card.
Once your gift card is linked to PayPal, you can then go to
Add Money to Account section to add your gift card as a payment method. In case you face any issues during the process of adding gift cards by Visa to PayPal balance, read the next section to fix it. Fast Fact: PayPal users can now sell, transfer and buy bitcoins and other cryptocurrencies through PayPal in no time. “Transfer Visa Gift Card to PayPal” Failure – Error
When trying to add gift cards by Visa as a payment method on PayPal, many users have complained that they had to face some issues. Some users’ complaints are attached below:
If by any chance you also face these issues while adding your card on PayPal, don’t worry; this can be solved easily.
To avoid such circumstances, here are a few points that you should take care of:
Check the type of card you are adding; PayPal accepts Visa, Discover, American Express, and Mastercard. Another thing to take care of is the expiry date; some gift cards come with a set expiry date of usage. Also, don’t forget to recheck the card details that you enter while adding to PayPal.
Once you have checked everything, but the problem still persists, you can contact PayPal customer support for further assistance.
You can call the PayPal customer care team at 888-883-9770 or send your query through the
PayPal Contact Us form on their website. Quick Fact: On March 23, 2023, PayPal launched passkeys for secured and quicker sign-in on the platform for Google Android Devices. Can You Buy a PayPal Gift Card?
PayPal’s users often get confused about purchasing gift cards from the payment portal. However, it is not true, as the mobile banking platform does not offer any gift cards. You can deposit a gift card by Visa to PayPal and even use a debit card offered by PayPal anywhere Mastercard is accepted.
If you want to buy a gift card, you can choose the payment method option of
PayPal on Amazon and eBay or in any retail store. Frequently Asked Questions Ans: Yes, you can convert the Visa gift card to cash by just visiting any ATM. All you have to do is deposit the card into the machine and collect the cash. Ans: Yes, you can easily transfer the gift card balance directly to your bank account or using third-party payment applications like PayPal, Venmo, or Cash App. Ans: Gift cards from Visa function like credit cards and can be used anywhere Visa cards are accepted. Ans: Follow the steps to transfer your Visa gift card balance to PayPal: Go to the PayPal wallet section. Select Add a credit card or debit card. Enter the details of the gift card on PayPal. Lastly, select it as a payment option. Related Articles: Sources