Amazon gift cards are popular on the market. Most people love them because Amazon, an e-commerce site, offers a variety of goods. An Amazon voucher makes the payment process easier after shopping. However, you may flip your Amazon gift card balance to cash for other uses.
You can transfer the funds on your Amazon gift card to your bank account in three ways.
Using Amazon Pay
Amazon Pay is a service Amazon offers its customers. It’s a convenient way to pay for goods and services with the accounts or debit/credit cards linked to your Amazon account.
You can use this channel to transfer your Amazon voucher balance to your bank account. Here’s how to do it.
- Visit the Amazon Pay Page and sign in to your account.
- Select Gift Cards from the options on the menu.
- On your gift card dashboard, select Redeem a Gift Card.
- Fill in your voucher code and click Apply to Your Balance.
- The balance will be added to your Amazon Pay.
- Go back to the previous menu and select Your Payments.
- Click on Send Money and choose the bank option. Then, enter your bank account details and tap Pay Now.
- This method is relatively easy if you have no issues with your Amazon account.
Using Digital Trading Platforms
Another way to transfer the funds on your Amazon gift card to your bank account is to flip it on digital trading platforms like Prestmit.
You can conveniently sell your Amazon gift card for cash on Amazon but on one condition: the card must be unused. If you have already applied the balance to your Amazon account, this option is not for you.
Another option is to convert your gift card to Bitcoin and flip it for cash. But why go through that long process when you can sell for cash directly?
- Here’s how to sell your Amazon gift card for cash on Prestmit.
- Download the Prestmit app on the App Store or Google Play Store.
- Sign up for an account or sign in if you already have one.
- Select Sell Gift Cards on your dashboard.
- Under Gift Card Category, select the gift card brand you want to sell. In this case, Amazon.
- Under the Gift Card Subcategory, specify whether it is physical or an e-code.
The next step is to enter the total amount you want to sell. It is the denomination of your gift card multiplied by the quantity. For example, If your Amazon gift card is $100 and you have 2, the total amount will be $200.
On the next page, select your preferred payout method. You can be paid in Cedis or Naira. Choosing Bitcoin means prolonging the process of transferring your voucher funds to your bank account.
The last field is to upload the images of your Amazon gift card. After doing this, follow the prompt to complete the transaction and wait to receive your cash in your Naira or Cedis wallet.
- The last step is to withdraw the cash to your local bank account from Prestmit.
- If you’d rather watch a video tutorial, here you go.
Exchange With Friends/Family
There’s one last method you can try, especially if you have redeemed the Amazon gift card. But you must do this with a trusted friend or family member.
You can ask your loved ones to shop for items using your Amazon account and send you the cash equivalent in your bank account. Trust is necessary for this to work, and you must not need cash urgently because you can’t be sure someone will take up your offer.
Don’t worry about your Amazon gift card expiring. If you prefer this method, you can take your time finding someone to exchange it with.
However, if you find someone who does or even more than one person, you can use the information to convert your balance to cash.
What are the different types of gift cards available on Amazon?
There are 4 types of Gift Cards on Amazon. To learn more about each Gift Card, click on any of the below:
- Amazon Pay e-Gift Card
- Brand Gift Cards
- Physical Gift Cards
- Anytime Gift Cards
How do I use an Amazon Pay Gift Card?
An Amazon Pay Gift Card can be used to shop on Amazon and on 10,000+ Amazon partner apps and websites. It can also be used to pay for bills and recharges on Amazon.
To use your Amazon Gift Card for a purchase, select ‘Amazon Pay Balance’ on your payment method selection page during checkout.
Conclusion
Gift cards are better gifts than cash, but sometimes, we might need the cash more than the gift card, and that’s understandable. As you have now seen, it is possible to transfer your Amazon gift card balance to your bank account, though with one caveat – you must not have applied the gift card to your Amazon account.
You can do this using Amazon Pay, selling your Amazon gift card on a digital trading platform like Prestmit, or exchanging it with friends and family. When choosing the best method, consider the urgency, fees, and convenience.
With the steps outlined in this article, you’ll quickly have your cash. Ensure you keep your gift card details safe and use reliable platforms like Prestmit for your exchange. The last method involves only dealing with trusted loved ones. To use the Prestmit platform, sign up and go from there.
