Introduction
Have you ever received a Mastercard gift card as a present, but wished it was cash instead? If so, you’re not alone. Fortunately, there are several options available to exchange your gift card balance for cash. In this article, we’ll explore eight of them.
Use a Card-Linked Cashback App
Cashback apps are a great way to get money back for your everyday purchases. All you need to do is link your credit or debit card to the app and start shopping! When you make a purchase with a linked card, the app will give you a percentage of your purchase amount back in the form of cashback rewards.
The process of linking your card is simple and secure. Just open the app, enter your card details, and follow the instructions. Once your card is linked, you can start earning cashback rewards right away.
Using a cashback app is a great way to get cash from your Mastercard gift card. You can use the funds to pay for purchases or withdraw them directly to your bank account.
Exchange for Cash at a Store
If you don’t want to use a cashback app, you can always exchange your gift card balance for cash at a local store. To find a store that accepts Mastercard gift cards, look for signs in the window or ask the cashier if they accept them. Some stores may also offer special discounts when you use a gift card.
To exchange your gift card for cash, take the card to the cashier and tell them you’d like to exchange it for cash. They’ll subtract the balance from the card and then give you the remaining amount in cash. Keep in mind that some stores may charge a fee for exchanging gift cards for cash.
Sell it to a Gift Card Reseller
Another option is to sell your gift card to a gift card reseller. A gift card reseller is an online marketplace where you can buy and sell unwanted gift cards. When you sell your card to a reseller, they’ll offer you cash in exchange for the balance on your card.
When looking for a gift card reseller, make sure to choose one that’s reputable and offers competitive rates. Also, read their terms and conditions carefully before selling your card. Some resellers may charge a fee for the service or have a minimum balance requirement.
Exchange for Bitcoin
If you’re looking for an alternative way to get cash from your Mastercard gift card, you can try exchanging it for Bitcoin. Bitcoin is a digital currency that can be used to buy goods and services online. To exchange your gift card for Bitcoin, you’ll need to find a Bitcoin exchange that accepts Mastercard gift cards.
Exchanging your gift card for Bitcoin has its advantages and disadvantages. On the plus side, you can use Bitcoin to pay for goods and services online without having to use cash. On the downside, the value of Bitcoin can fluctuate, so you may end up with less money than you expected.
Donate the Card Balance
If you don’t need the cash, you can always donate the balance on your Mastercard gift card to charity. Many charities accept donations of gift cards, so you can choose one that’s close to your heart. To donate, simply call the charity and let them know that you’d like to donate your gift card balance.
Donating your gift card balance is a great way to give back to the community. Not only will you be helping those in need, but you’ll also be able to deduct the balance from your taxes.
Use it to Shop Online
If you don’t want to exchange or donate your gift card, you can always use it to shop online. Many online retailers accept Mastercard gift cards, so you can use your card to purchase items from their website. To use your card, simply enter the card number and security code during checkout.
Shopping online with a gift card is a great way to get the most out of your money. You can often find deals and discounts that you wouldn’t be able to find in stores. Plus, you won’t have to worry about carrying around cash.
Load Funds onto PayPal or Venmo
PayPal and Venmo are two popular payment apps that allow you to send and receive money digitally. You can use your Mastercard gift card to load funds onto either of these apps and then use the funds to pay for goods and services online. To load funds, simply enter your card details into the app and follow the instructions.
Using PayPal or Venmo to load funds is convenient and secure. However, keep in mind that both apps charge fees for loading funds, so make sure to check the fees before loading your card.
Conclusion
Getting cash from a Mastercard gift card doesn’t have to be complicated. There are several options available, including using a cashback app, exchanging it for cash at a store, selling it to a gift card reseller, exchanging it for Bitcoin, donating the balance, using it to shop online, and loading funds onto PayPal or Venmo.
Which option is right for you depends on your needs and preferences. Whichever route you decide to go, make sure to do your research and read the fine print before committing to any of these solutions.
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