Question: What States Allow Gift Cards To Be Redeemed For Cash?

Some states with gift card laws include California, Colorado, Maine, and New Jersey.

Each state requires card balances be less than a certain amount before cash redemption is mandated.

The threshold is usually around $5 to $10.

Exchange the card for a card you want.

Which gift cards are redeemable for cash?

Though Visa, Mastercard® and other bank-issued gift cards are accepted at a wide range of places–online, in stores, over the phone–they cannot be sold for cash at a Gift Card Exchange kiosk.

Can gift cards be redeemed for cash in California?

California’s law is even stronger – most gift cards sold here cannot expire or charge a service fee at all. California also requires merchants to provide cash back for a card with a balance less than $10.

Can Walmart gift cards be redeemed for cash?

Notwithstanding anything contained in these Terms and Conditions, Walmart plastic Gift Cards and eGift Cards (“Walmart Gift Cards”) are not returnable or refundable for cash except in states where required by law. The balance on any Gift Card is solely the liability of Wal-Mart Stores Arkansas, LLC.

Is reselling gift cards illegal?

You don’t have a right to make new copies of the content for sale, but there’s no issue with buying and selling the card itself. A) Yes, it happens all the time. There are websites dedicated to reselling Gift Cards. But purchasing a Gift Card at full price is moronic, as you’ll never get what you paid for it.

Can I exchange my gift card for cash?

To get cash for gift cards, you can use one of a number of gift card exchange websites that will offer you cash or another retailer’s gift card for your unwanted gift card. But if you exchange your gift card online, you should be able to recoup at least half of the full value.

What stores buy gift cards for cash?

We buy gift cards and merchandise credits from most major retailers, including:

  • Walmart.
  • Target.
  • The Home Depot.
  • Starbucks.
  • Bed Bath & Beyond.
  • And hundreds of others.

Can you exchange a gift card for cash at Walmart?

Walmart is offering a promotion targeting the unwanted gift card crowd this year, allowing consumer to trade in their cards to more than 200 retailers for one to the big box store instead. Under Walmart’s exchange program customers can only receive up to 97% of the original card’s face value.

Do prepaid Visa cards expire in California?

In California, most gift cards cannot have any expiration dates or service fees. However the California law does not apply to multiple retailer gift cards such as mall gift cards or bank gift cards including Visa and MasterCard gift cards.

Why do gift certificates expire?

Expiration date

After that, a “service charge” or “maintenance fee” kicks in. Each month, the card loses a few dollars or a few percent of its value, until it becomes worthless. They’ve already got your money; it’s sitting in their bank account earning interest.

Can you transfer money from a gift card to a debit card?

Thanks to Redditor ABZR, we see that you can transfer gift card balances onto you Google Wallet account just like a debit card. Once you’ve loaded up your Wallet Balance with your gift cards, you can proceed to any ATM and withdraw your money to purchase “cash friendly” items with the card.

What gift cards can you get from Coinstar?

Options gift cards can be redeemed at Gap, Old Navy, Banana Republic and Athleta stores across the US, Canada and Puerto Rico, and online at gap.com, oldnavy.com, bananarepublic.com, and athleta.com. Four brands, one card. OptionsCard. There’s absolutely NO FEE when you cash in at Coinstar for Gap Options.

How do I sell a gift card to PayPal?

How do I exchange a gift card for PayPal balance?

  1. Go to CardCash.
  2. Enter the merchant’s name and the balance amount on your gift card, and click GET OFFER.
  3. To add another gift card, just enter the information below and click ADD CARD.
  4. If you agree to the exchange offer, click Continue.
  5. Enter your gift card number and PIN, and click Connect with PayPal.

Where can I sell unwanted gift cards?

Why Sell Gift Cards for Cash?

  • Online Gift Card Resellers. A variety of online gift card resellers will give you a cash offer for an unwanted gift card.
  • Mall Kiosks and Other Stores.
  • Service Centers.
  • Grocery Store Machines.
  • Online Auctions and Classified.

Is it okay to sell a gift?

When a gift is given, it’s given. It belongs to the person to do as they wish. If you want to sell a gift, then the actual gift there is the money you will make. Selling is fine.

Are gift cards traceable?

Are gift cards traceable? Short answer, yes, any prepaid money instrument is traceable because it has numbers and identifying features that makes it possible for you to use it for a transaction. However, that does not mean the purchaser can determine who is using it.