Can You Transfer A PayPal Gift Card To A Bank Account?

Is it possible to transfer a PayPal gift card to a bank account, and if so, how do transfer a PayPal gift card to a bank account?

For the past couple of days, our readers have been prompting us with queries relating to how to transfer a PayPal gift card to the bank.

PayPal gift card is ideally suited for anyone who is looking for the best shopping experience at PayPal stores. However, things could be so different at times, such as having a PayPal gift card by whatever means but a store that accepts the payment method is not nearby to redeem your gift card for whatever item.

In such a situation, you can sell your gift card at a gift card store or any individual, then it is not what we will explore in this guide.

In this comprehensive guide, we want to find out the possibility of transferring a PayPal gift card to a bank, and if it is possible, we now find out how to transfer a PayPal gift card to a bank account.

What Is A PayPal Gift Card?

PayPal gift cards are prepaid gift cards that can be used at different locations including retail stores, grocery stores, restaurants, departmental stores, gas stations, and other places that accept gift card payment methods.

Additionally, top retail chains including Amazon, Argos, Asda, and others sell PayPal gift cards.

Also, you can purchase a PayPal gift card directly on the official PayPal website.

Can I Transfer A PayPal Gift Card To A Bank Account?

Yes, you can transfer a PayPal gift card to a bank, but it will not be a direct transfer. However, it will not be a direct transfer to the bank but you will need a medium to transfer a PayPal gift card to a bank account.

Here are some ways to transfer a PayPal gift card to a bank account.

1. Adding A Gift Card To A Digital Wallet –

Once the gift card is linked, the person can use their digital wallet to access the gift card. Funds may be able to be withdrawn to a linked bank account once added to a digital wallet depending on the gift card issuer, the terms of the gift card, and the accounts being used to transfer funds.

2. Selling A Gift Card –

Some people may wonder if they can cash out a gift card. While it is possible to convert a gift card into cash, it may take a few extra steps. Selling a gift card can be a quick way to turn it into cash. Some websites and apps may allow people to sell their gift cards.

3. Venmo –

Venmo is a popular peer-to-peer payment app that allows users to send and receive money from friends and family. It is also a great option for transferring the balance of your PayPal gift card to your bank account.

4. PayPal –

PayPal is another option for transferring the balance of your PayPal gift card to your bank account. You can transfer the funds from your PayPal gift card to your bank account by linking your bank account to your PayPal account and then transferring the funds.

5. Cash App –

Cash App is another peer-to-peer payment app that allows you to send and receive money from friends and family, as well as add funds directly into your bank account.

6. Prepaid2Cash –

Prepaid2Cash is a website and app that allows you to convert the balance of your PayPal gift card into cash, which can then be deposited directly into your bank account.

7. Moneygram –

MoneyGram is a global money transfer service that allows you to send and receive funds to and from nearly anywhere in the world. You can transfer the balance of your PayPal gift card to your bank account using MoneyGram by finding a MoneyGram location near you, bringing your PayPal gift card and a valid government-issued ID to the MoneyGram location, and telling the MoneyGram agent that you want to transfer the balance of your PayPal gift card to your bank account.

8. Mobile Wallet –

Another option for transferring the balance of your PayPal gift card to your bank account is to use a mobile wallet, such as Apple Pay or Google Wallet. You can add your PayPal gift card to your mobile wallet, link your mobile wallet to your bank account, use your mobile wallet to make a payment, and then transfer the funds from your mobile wallet to your bank account.

How To Transfer A PayPal Gift Card To A Bank Account

As I had earlier said, you can transfer a PayPal gift card to a bank account using a medium and not a direct transfer. Below are the guidelines –

1. How To Transfer A PayPal Gift Card To A Bank Account Via A Digital Wallet –

I. For Apple Wallet (Apple Pay)

• Open the Wallet app on your iPhone or iPad.
• Tap the “+” icon in the top-right corner.
• Select “Gift Card” as the card type.
• Enter the PayPal gift card number, expiration date, and security code.
• Tap “Next” and then “Add Card”.

II. For Google Wallet (Google Pay)

• Open the Google Wallet app on your Android device.
• Tap the “+” icon in the bottom-right corner.
• Select “Add a gift card” and then “PayPal”.
• Enter the PayPal gift card number, expiration date, and security code.
• Tap “Save” to add the card.

III. For Samsung Pay

• Open the Samsung Pay app on your Samsung device.
• Tap “Add card” and then “Gift card”.
• Select “PayPal” as the card type.
• Enter the PayPal gift card number, expiration date, and security code.
• Tap “Next” and then “Add card”.

IV. For other digital wallets

• Check your digital wallet app for the “Add gift card” or “Add card” option.
• Select “PayPal” as the card type (if available).
• Enter the PayPal gift card number, expiration date, and security code.
• Follow the prompts to add the card.

Once added, you can use your digital wallet to make purchases or transfer funds to your bank account (depending on the wallet’s features and your account settings).

2. How To Transfer A PayPal Gift Card To A Bank Account Via Venmo –

• Open the Venmo app.
• Tap the menu button (three horizontal lines in the top-left corner of the screen).
• Tap “Settings,” then “Payment Methods”
• Tap “Add bank or card…”
• Tap “Card” and enter your prepaid card information.
• Tap “Add” to add the card to your account.

Venmo accepts prepaid cards from American Express, Discover, MasterCard, or Visa, but there may be stipulations.

3. How To Transfer A PayPal Gift Card To A Bank Account Via Paypal –

• Log in to your PayPal account on the website or mobile app.
• Click on “Wallet” or “Link a card” (depending on the device and account type).
• Select “Link a gift card” or “Add a gift card.”
• Enter the gift card number, expiration date, and security code (found on the back of the card).
• Click “Link card” or “Add card.”
• Confirm the gift card details and click “Save.”

The gift card balance will be added to your PayPal account and can be used for purchases or transferred to your bank account.

Note:

Make sure the gift card is a PayPal-branded gift card, as other gift cards may not be compatible.

4. How To Transfer A PayPal Gift Card To A Bank Account Via Cash App –

• Open the Cash App on your mobile device.
• Tap the “Balance” tab at the bottom left of the screen.
• Tap “Add Money” and then “Add Debit Card.”
• Enter the PayPal gift card number, expiration date, and security code (found on the back of the card).
• Tap “Add Card” to link the gift card to your Cash App account.
• Once linked, you can transfer the gift card balance to your Cash App balance.
• To transfer, tap “Balance” and then “Transfer Out” and select the linked gift card as the source.
• Enter the amount to transfer and confirm.

Note:

Ensure the PayPal gift card is compatible with Cash App and that you have the latest app version. If you encounter issues, contact Cash App support for assistance.

Remember, Cash App may have specific requirements or restrictions for linking gift cards, so review their terms and conditions before adding the card.

5. How To Transfer A PayPal Gift Card To A Bank Account Via Prepaid2Cash –

Prepaid2Cash is a service that allows you to convert prepaid cards, including PayPal gift cards, into cash. Here’s how to add a PayPal gift card to Prepaid2Cash:

• Visit the Prepaid2Cash website (https://www.prepaid2cash.com/) and create an account.
• Log in to your account and click on “Add Card.”
• Select “PayPal” as the card type.
• Enter the PayPal gift card number, expiration date, and security code (found on the back of the card).
• Enter the card balance and confirm.
• Follow the prompts to link the card to your Prepaid2Cash account.

Once linked, you can convert the gift card balance into cash, which will be deposited into your bank account or sent via check, depending on your preferred payment method.

Note:

Prepaid2Cash may have specific requirements or restrictions for linking gift cards, so review their terms and conditions before adding the card. Additionally, there may be fees associated with converting your gift card balance into cash.

6. How To Transfer A PayPal Gift Card To A Bank Account Via MoneyGram –

MoneyGram is a global money transfer service that allows you to send and receive funds. To add a PayPal gift card to MoneyGram, you’ll need to follow these steps:

• Find a nearby MoneyGram agent location (such as a grocery store, pharmacy, or financial institution).
• Bring your PayPal gift card and a valid government-issued ID.
• Tell the MoneyGram agent that you want to add the PayPal gift card to your MoneyGram account.
• The agent will guide you through the process, which may include:
  • Creating a MoneyGram account (if you don’t already have one).
  • Linking the PayPal gift card to your MoneyGram account.
  • Transferring the gift card balance to your MoneyGram account.

Once the funds are in your MoneyGram account, you can use them to send money to others, pay bills, or cash out at a MoneyGram location.

Note:

MoneyGram may have specific requirements or restrictions for linking gift cards, so review their terms and conditions before adding the card. Additionally, there may be fees associated with transferring the gift card balance to your MoneyGram account.

Remember to always verify the agent’s location and fees before proceeding!

Frequently Asked Questions

Is It Free To Send Money From My PayPal Gift Card To PayPal And Then To Bank Account?

Yes, it is free to send or transfer money from your PayPal gift card to your PayPal and then to your bank account.

Is It Safe To Transfer A PayPal Gift Card To A Bank Account?

Yes, it is safe to transfer a PayPal gift card to the bank. However, it is safer if the medium of transfer (PayPal or Venmo) is yours, as this will most likely reduce scams.

Is It Free To Send Money From My PayPal Gift Card To Venmo And Then To Bank Account?

Yes, it is free to send or transfer money from your PayPal gift card to your bank account via Venmo.