A Walmart gift card is one of the most popular gift cards available in the US. However, some gift card holders wonder if they may turn their gift cards into cash, which is impossible.
They aren’t ungrateful in any way. When you receive a gift card from a store you don’t frequent, it can be a waste you would want to salvage.
So, can you turn a Walmart gift card into cash? Find out if you can and how in this article.
Can You Turn A Walmart Gift Card Into Cash in 2023?
No, you cannot simply walk into a Walmart shop and ask for the cash equivalent of your Walmart gift card balance. No one, including the store manager, can do this for you because it is not part of their Walmart gift card policy.
Walmart’s gift cards’ terms and conditions state on their website that;
“Nonreturnable; not for resale.
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. Resale of Walmart Gift Cards is strictly prohibited.”
After all, it is only natural for Walmart to want you to use your Walmart gift card in their stores. And, they can’t be sure of it if they convert the card to cash because people can spend that money wherever they choose.
How To Turn Walmart Gift Card Into Cash?
In most cases, Walmart does not have a policy that permits you to convert the balance on your gift card to cash. However, there are a few ways to make it happen, including;
Through A Refund
A refund is one of the few options to convert your Walmart gift card into cash. However, you must realize that it is not as simple as you may believe, and you will need to put in the effort. In this example, the refund concept is that you must purchase something from Walmart and then return it and obtain a refund.
If you have a Walmart gift card, you may purchase something somewhat more expensive than the gift card balance for the transaction to be considered a cash transaction. If your gift card balance is $100, you can choose to spend it on something worth $110.
As a result, you’d use the amount on the gift card and give them an extra $10 in cash. After that, you’ll be given a receipt for the transaction, which you should keep secure because you’ll need it if you decide to request a refund.
Then, you’d store the item safely for a few days before returning it within 14 days. So, if Walmart has to issue a refund, they will do so in cash because you also paid in cash. This alternative will be helpful for those who do not require immediate cash.
Through State Laws
Surprisingly, some jurisdictions, such as California, have laws requiring retailers to convert gift cards to cash for their customers. In this instance, a retailer like Walmart will be forced to convert the Walmart gift card to cash.
However, it is crucial to remember that this component is dependent on your state, as it does not apply to all states. It is also worth noting that the gift card must be worth a particular amount before the retailer converts it to cash for you.
For example, a state may mandate that businesses convert gift cards to cash for those with $10 or fewer balances on their cards. As a result, if you have more than that amount and require money, you will be unable to obtain it.
Instead, you must use the card to make purchases until it reaches $10, after which you can ask the merchant to convert the gift card to cash on your behalf. If you live in a state where such regulations exist, you can rest assured that your Walmart gift card will be converted to cash.
By Reselling
Reselling your Walmart gift card is another option to turn it into cash. However, it is crucial to remember that this is not an approved technique, and you will not be able to resell it to Walmart. If you want to resell your Walmart gift card, you’ll have to do so to someone other than Walmart.
You’ll notice that specific platforms like gift card exchange kiosks have deals in place where they acquire gift cards from customers and exchange them for cash. You can check to determine if these platforms accept Walmart gift cards.
It is also worth noting that you cannot earn the full value if you decide to sell your Walmart gift card. For example, if your Walmart gift card has a $500 balance, the kiosk may offer to buy it for $420. It is up to you to determine whether or not you are comfortable with such a sum or arrangement.
It would be best to look for kiosks that allow you to exchange your gift card for a more significant and acceptable sum. However, it’s rare to come across a platform that would tell you exactly how much money you have in your account.
Gift Card Exchange Kiosks: What Are They?
Gift Card Kiosks are a convenient and quick way to convert your gift cards to cash. These machines do exactly what you’d expect them to do – they accept any gift card in return for money. When utilizing a Gift Card kiosk, there are a few things to consider.
The vast majority of these kiosks will not give you the same amount in exchange for your gift card. They’d cash for you anything from 50% to 75% of the value of your gift card. If you have a $50 Walmart Gift Card, the Gift Card to Cash Kiosks will pay you somewhere between $25 and $37.5 in cash.
This is dependent on both the area and the firm that provides these Gift Card Exchange Kiosk services. Before changing your cards into cash, be sure you know how much money your kiosk will give you.
Where Can I Find Gift Card Exchange Kiosks?
Gift Card to Cash kiosks can be found in various retail businesses, grocery stores, and pharmacies. However, Gift Card kiosks are a thing of the past.
Coinstar, a well-known company that used to provide Gift Cards to cash kiosks, has ceased to do so. They believe that hiring space at big-box retailers was not cost-effective for their business model.
Since then, no other establishment has offered this service. This means that Gift Cart to Cash kiosks may still exist in your local retail locations, but they are increasingly scarce and difficult to find.
The following are some of the previously known locations with Gift Card to Cash kiosks:
- CVS
- Safeway
- Kroger
- Giant
- Walgreens
- Target
Is There Online Gift Card To Cash Services?
Because of their convenience, an online gift card to cash services are becoming increasingly popular. You can choose the gift card you have with these online businesses. You’ll be able to discover how much these Online Gift Card to Cash services are willing to pay for your gift card after that.
Here are some trustworthy websites where you may cash in your Walmart gift card:
By establishing a listing on Raise, consumers may convert their gift cards into cash. It is an auction platform where others can bid on your gift card if they’re interested. It’s a site for people who want to buy things from others. However, this website is solely dedicated to the sale of gift cards.
CardCash is a superior website since it does not rely on third parties to buy your gift cards. CardCash will purchase your cards and pay you through PayPal.
GiftCash is similar to CardCash in that it buys your gift cards straight from you. GiftCash’s website looks and feels almost the same as CardCash’s.
Can I Transfer My Walmart Gift Card To My PayPal Account?
Your Walmart gift card can be added to your PayPal account. It can be used everywhere that accepts PayPal payments, including online. This means you can use your Walmart MoneyCard with your PayPal Cash Card if you have one.
To use the Walmart MoneyCard, simply input the information on your gift card. PayPal accepts MasterCard, Visa, and Discover gift cards. You have the option of making one of these your default payment method.
You can also transfer the balance of your gift card to your PayPal account. You can accomplish this by heading to your Wallet page, selecting “Wallet,” and then putting the information from your card. After that, select “Link card.”
Your PayPal account will now be linked to your credit card. You can now use your PayPal account to buy items and services with your gift card.
Conclusion
Gift cards are prevalent, and we’ve all used them at some point. We’ve all fantasized about changing our gift cards into cash. But there’s never been a good way to do so – until now.
We may finally convert our unwanted gift cards into spendable cash using the outlined options above. With these services, you may turn your gift cards into cash. Remember that you can have them deposited directly into your PayPal account.