Transfer Amazon Gift Card to Bank Account
Amazon gift cards are a popular way to give and receive digital funds for purchasing products directly from Amazon. However, many users wonder whether they can transfer their Amazon gift card balance to a bank account. While Amazon doesn’t offer a direct way to do this, there are several methods you can use to convert your gift card balance into cash, which can then be transferred to your bank account.
In this article, we’ll explore different approaches, including some legitimate workarounds, to help you transfer Amazon gift card balances to your bank account.
1. Using Amazon Pay Balance for Bank Transfer
If you have an Amazon Pay account linked to your Amazon gift card balance, you can use it for certain services. Unfortunately, Amazon doesn’t allow users to directly transfer gift card funds to a bank account from their Amazon Pay balance. However, Amazon Pay can be used for payments to third-party vendors, which might offer cashback in return. Here’s how you can use Amazon Pay in a way that could indirectly lead to transferring funds to your bank:
- Step 1: Find merchants who accept Amazon Pay as a payment option.
- Step 2: Make a purchase using Amazon Pay from one of these merchants.
- Step 3: Request a refund from the merchant if their policy allows for refunds in your original payment method, which can sometimes be your bank account.
Note: This method only works if the vendor’s refund policy supports it, and not all transactions may be refundable.
2. Sell Your Gift Card for Cash
There are websites and platforms where you can sell your Amazon gift card to others in exchange for cash. These platforms typically charge a small fee for facilitating the transaction, but this method allows you to convert the gift card balance into actual money.
Popular Gift Card Selling Platforms:
- Raise: Sell your Amazon gift card at a price of your choosing. After the sale, you can transfer the funds to your bank account.
- CardCash: Instantly sell your Amazon gift card and receive up to 92% of the value. The balance can then be withdrawn through direct deposit or PayPal.
- Gift Card Granny: A marketplace for selling gift cards. Once sold, the funds can be cashed out and sent to your bank.
Steps to Sell on These Platforms:
- Step 1: Visit a gift card marketplace.
- Step 2: Register for an account and enter your Amazon gift card details.
- Step 3: Set a price or accept the platform’s buy rate.
- Step 4: After the sale, transfer the earnings to your bank account.
3. Buy Goods and Resell Them
Another method to transfer Amazon gift card funds into cash is by purchasing items on Amazon and reselling them for cash. Here’s how it works:
- Step 1: Use your Amazon gift card to purchase popular products such as electronics, household goods, or gift cards for other retailers.
- Step 2: Once the product arrives, resell it on platforms like eBay, Craigslist, or Facebook Marketplace.
- Step 3: Collect the payment from the buyer and deposit the funds into your bank account.
This method takes a bit more time and effort but can be effective if you are strategic about what you purchase.
4. Transfer to PayPal (Indirect Method)
While PayPal doesn’t allow you to directly add funds from an Amazon gift card, there is an indirect way you can transfer the balance through purchasing and reselling:
- Step 1: Purchase a PayPal gift card from websites like eGifter or CardCash using your Amazon gift card balance.
- Step 2: Add the PayPal gift card balance to your PayPal account.
- Step 3: Once the balance is in your PayPal account, transfer it to your bank.
This method isn’t always direct, and there may be fees involved depending on the platform, but it can help you convert Amazon gift cards into a bank-friendly format.
5. Use Peer-to-Peer Exchange Platforms
Some online communities and platforms allow peer-to-peer exchanges, where you can swap gift cards with others for money. While this option comes with risks (such as dealing with untrustworthy buyers), it can be a quick solution to convert your Amazon gift card balance into cash.
Steps to Use P2P Platforms:
- Step 1: Find a reputable peer-to-peer exchange platform such as Reddit’s Gift Card Exchange forum or Paxful.
- Step 2: Post a listing offering your Amazon gift card in exchange for cash or another form of payment.
- Step 3: Negotiate with a buyer, complete the transaction, and deposit the cash into your bank account.
Be cautious when using P2P exchanges. Always verify the buyer’s legitimacy and follow platform guidelines to avoid scams.
6. Use a Service to Pay Bills
Some third-party services, such as Plastiq, allow you to pay bills like rent or utilities using your Amazon gift card balance via a credit card. These services convert your gift card balance into payments that are processed similarly to cash.
While you won’t receive the balance directly into your bank account, you can free up cash by using the gift card to pay bills that would otherwise require you to use your bank funds.
Important Considerations
- Fees: Be aware that most methods, such as selling your gift card or using third-party platforms, may involve transaction fees. Always compare fees before proceeding.
- Legality and Risk: Avoid using any shady or unverified methods to convert your gift card balance. Stick to reputable platforms and always read the terms and conditions.
- Scams: Be cautious of any scams when trying to exchange or sell gift cards. Verify the legitimacy of buyers and platforms to avoid losing your funds.
Final Thoughts
While there isn’t a direct way to transfer Amazon gift card balances to your bank account, the methods outlined above can help you convert the balance into cash indirectly. Whether you choose to sell the card, resell items, or use a peer-to-peer exchange, make sure to weigh the pros and cons of each option. Keep in mind that some methods may involve fees, so you might not always receive the full value of your gift card.
By using the methods that best fit your needs, you can successfully turn your Amazon gift card into cash and transfer it to your bank account.
Frequently Asked Questions
- Can I transfer my Amazon gift card balance directly to my bank account?
- No, Amazon does not offer a direct method to transfer your gift card balance to a bank account. However, you can use various workarounds such as selling the gift card, reselling items purchased with it, or using third-party services.
- Is it safe to sell my Amazon gift card for cash online?
- Yes, selling your Amazon gift card on reputable platforms like Raise, CardCash, and Gift Card Granny is generally safe. However, ensure you’re using a trustworthy service and beware of scams when using peer-to-peer exchange sites.
- What are the fees for selling Amazon gift cards online?
- Fees vary by platform. For example, CardCash may offer up to 92% of the card’s value, meaning a potential 8% deduction. Always review each platform’s fee structure before proceeding.
- Can I transfer my Amazon gift card balance to PayPal?
- Not directly. However, you can purchase a PayPal gift card using your Amazon gift card, then add the balance to your PayPal account and transfer it to your bank from there.
- Can I use Amazon gift card balance to pay bills?
- Indirectly, yes. You can use services like Plastiq, which allow you to pay bills (like rent or utilities) using your Amazon gift card balance by converting it into a payment.
- How long does it take to sell an Amazon gift card?
- Selling times depend on the platform. Marketplaces like Raise or CardCash often process sales within 24-48 hours, after which you can request a payout.
- Can I get a refund on an Amazon purchase and receive cash?
- Amazon generally refunds purchases to the original payment method, including gift card balances. However, you can request refunds from third-party merchants that may offer refunds to your bank account, depending on their policies.
- Is there a limit to the amount of Amazon gift card balance I can sell?
- Most platforms have limits on how much you can sell in one transaction. Check the specific platform’s guidelines, as limits vary depending on the marketplace or exchange service.
- Can I transfer a partial Amazon gift card balance to my bank account?
- Direct partial transfers aren’t possible. However, you can sell part of the gift card or use part of it to purchase items, then sell those items for cash.
- Can I use Amazon gift cards internationally and still transfer the balance?
- Amazon gift cards are often restricted to the country of issue. However, some gift card resale sites and third-party services may accept them, enabling you to convert the balance even if you’re outside your home country.