Quite frankly, the answer is a simple yes. There is nothing stopping you from seeking out a gift card for a particular retailer, loading that card with a specific amount of funds, and then using that card while making your shopping rounds.
Can I transfer money from gift card to bank account?
Yes, you can transfer money from a gift card to your bank account. Some gift cards allow you to transfer the balance directly to your bank account using direct deposit. Other gift cards require you to use a money transfer platform such as PayPal or Venmo to transfer the balance to your bank account.
Can I PayPal myself from a gift card?
It is not possible to add funds from a gift card to your PayPal account, but you can add the gift card and use it as a payment method for a card-funded transaction. If it's for a Goods and Services purchase, there would be no fee, but if it's for a Friends and Family payment there would be one.
Can you convert gift cards to cash?
Selling a gift card can be a quick way to turn it into cash. There are websites and apps that may allow people to sell their gift cards. Through the website or app, someone would select the merchant and enter the balance on the card. The website would then make an offer.
How do I activate a gift card for myself?
Call the gift card issuer or visit their registration website. Check the sticker on the front of your gift card for a registration link or toll-free phone number. If there's no sticker, look at the back and use the customer service phone number or website provided.
How do I withdraw money from a gift card?
Simply visit an accredited ATM and deposit the card into the machine to make a cash transaction. Yes, you may have to pay fees this way – but you'll walk away with cash that you can use anywhere, and you won't have to wait several business days for the money to clear.